TROGEFI: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
TROGEFI
Largest movements
- Cash -€606,473
down €606,473 (-72.2%), from €840,513 to €234,040
mainly Investment in fixed assets (net) (-€450,000) and Other debts (-€323,770)
- Tangible fixed assets +€365,456
up €365,456 (+234.3%), from €156,011 to €521,467
of which Land and buildings: +€382,890
- Receivables within one year -€244,031
down €244,031 (-29.1%), from €839,488 to €595,456
of which Trade receivables: -€256,996
- Other debts -€323,770
down €323,770 (-52.0%), from €622,210 to €298,441
- Profit (loss) carried forward -€182,118
down €182,118 (-9.1%), from €2.0m to €1.8m
- Trade debts +€93,875
up €93,875 (+23.2%), from €403,889 to €497,764
- Tax, wage and social debts -€73,051
down €73,051 (-78.8%), from €92,696 to €19,646
- Gross operating margin -€231,452
down €231,452 (-58.1%), from €398,362 to €166,910
- Provisions +€114,536
no longer reported in 2024 (was -€114,536)
- Other operating charges -€92,371
down €92,371 (-29.3%), from €315,501 to €223,130
- Depreciation +€31,304
up €31,304 (+58.8%), from €53,240 to €84,544
- Taxes +€25,848
up €25,848 (+332.4%), from €7,775 to €33,623
From the 2023 result to the 2024 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,046,662 | €3,561,613 | -€485,048 | -12.0% |
| Fixed assets | 21/28 | €2,366,661 | €2,732,117 | +€365,456 | +15.4% |
| Tangible fixed assets | 22/27 | €156,011 | €521,467 | +€365,456 | +234.3% |
| Land and buildings | 22 | €136,028 | €518,918 | +€382,890 | +281.5% |
| Plant, machinery and equipment | 23 | €19,983 | €2,549 | -€17,434 | -87.2% |
| Financial fixed assets | 28 | €2,210,650 | €2,210,650 | = | 0.0% |
| Current assets | 29/58 | €1,680,000 | €829,496 | -€850,505 | -50.6% |
| Amounts receivable within one year | 40/41 | €839,488 | €595,456 | -€244,031 | -29.1% |
| Trade receivables | 40 | €514,176 | €257,179 | -€256,996 | -50.0% |
| Other amounts receivable | 41 | €325,312 | €338,277 | +€12,965 | +4.0% |
| Cash at bank and in hand | 54/58 | €840,513 | €234,040 | -€606,473 | -72.2% |
| Total equity and liabilities | 10/49 | €4,046,662 | €3,561,613 | -€485,048 | -12.0% |
| Equity | 10/15 | €2,927,805 | €2,745,686 | -€182,118 | -6.2% |
| Contributions | 10/11 | €305,359 | €305,359 | = | 0.0% |
| Capital | 10 | €305,359 | €305,359 | = | 0.0% |
| Issued capital | 100 | €305,359 | €305,359 | = | 0.0% |
| Reserves | 13 | €630,536 | €630,536 | = | 0.0% |
| Non-distributable reserves | 130/1 | €30,536 | €30,536 | = | 0.0% |
| Legal reserve | 130 | €30,536 | €30,536 | = | 0.0% |
| Distributable reserves | 133 | €600,000 | €600,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,991,910 | €1,809,792 | -€182,118 | -9.1% |
| Amounts payable | 17/49 | €1,118,857 | €815,927 | -€302,930 | -27.1% |
| Amounts payable within one year | 42/48 | €1,118,796 | €815,851 | -€302,945 | -27.1% |
| Trade debts | 44 | €403,889 | €497,764 | +€93,875 | +23.2% |
| Suppliers | 440/4 | €403,889 | €497,764 | +€93,875 | +23.2% |
| Taxes, remuneration and social security | 45 | €92,696 | €19,646 | -€73,051 | -78.8% |
| Taxes | 450/3 | €92,696 | €19,646 | -€73,051 | -78.8% |
| Other amounts payable | 47/48 | €622,210 | €298,441 | -€323,770 | -52.0% |
| Accrued charges and deferred income | 492/3 | €61 | €76 | +€15 | +24.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,240 | €84,544 | +€31,304 | +58.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€114,536 | - | +€114,536 | |
| Other operating charges | 640/8 | €315,501 | €223,130 | -€92,371 | -29.3% |
| Gross operating margin | 9900 | €398,362 | €166,910 | -€231,452 | -58.1% |
| Operating profit (loss) | 9901 | €144,157 | -€140,764 | -€284,921 | |
| Financial charges | 65/66B | €486 | €7,731 | +€7,245 | +1490.1% |
| Recurring financial charges | 65 | €486 | €7,731 | +€7,245 | +1490.1% |
| Profit (loss) for the period before taxes | 9903 | €143,671 | -€148,495 | -€292,166 | |
| Income taxes | 67/77 | €7,775 | €33,623 | +€25,848 | +332.4% |
| Profit (loss) for the period | 9904 | €135,895 | -€182,118 | -€318,014 | |
| Profit (loss) for the period to be appropriated | 9905 | €135,895 | -€182,118 | -€318,014 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.