Troi: what changed
Two financial 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.
Troi
Largest movements
- Cash +€3,009
up €3,009 (+426%), from €706 to €3,715
mainly Net result for the year (+€28,326) and Deferred charges and accrued income (+€1,753)
- Reserves +€28,326
up €28,326 (+40.2%), from €70,468 to €98,794
- Debts after one year -€27,038
down €27,038 (-17.2%), from €157,239 to €130,201
- Gross operating margin -€44,896
down €44,896, from €31,567 to -€13,330
- Financial income +€30,556
up €30,556 (+60.0%), from €50,962 to €81,518
- Staff costs +€3,991
up €3,991 (+17.9%), from €22,283 to €26,275
- Taxes -€2,306
down €2,306 (-77.3%), from €2,982 to €676
- Financial charges -€1,523
down €1,523 (-12.8%), from €11,865 to €10,342
From the 2024 result to the 2025 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.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €272,258 | €274,800 | +€2,541 | +0.9% |
| Fixed assets | 21/28 | €218,630 | €218,785 | +€155 | +0.1% |
| Tangible fixed assets | 22/27 | €3,630 | €3,785 | +€155 | +4.3% |
| Plant, machinery and equipment | 23 | €898 | €1,353 | +€455 | +50.7% |
| Other tangible fixed assets | 26 | €2,732 | €2,432 | -€300 | -11.0% |
| Financial fixed assets | 28 | €215,000 | €215,000 | = | 0.0% |
| Current assets | 29/58 | €53,628 | €56,014 | +€2,386 | +4.4% |
| Amounts receivable within one year | 40/41 | €50,652 | €51,782 | +€1,130 | +2.2% |
| Trade receivables | 40 | €11,192 | €5,000 | -€6,192 | -55.3% |
| Other amounts receivable | 41 | €39,460 | €46,782 | +€7,322 | +18.6% |
| Cash at bank and in hand | 54/58 | €706 | €3,715 | +€3,009 | +426% |
| Deferred charges and accrued income | 490/1 | €2,270 | €517 | -€1,753 | -77.2% |
| Total equity and liabilities | 10/49 | €272,258 | €274,800 | +€2,541 | +0.9% |
| Equity | 10/15 | €73,468 | €101,794 | +€28,326 | +38.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €70,468 | €98,794 | +€28,326 | +40.2% |
| Distributable reserves | 133 | €70,468 | €98,794 | +€28,326 | +40.2% |
| Amounts payable | 17/49 | €198,790 | €173,005 | -€25,785 | -13.0% |
| Amounts payable after more than one year | 17 | €157,239 | €130,201 | -€27,038 | -17.2% |
| Financial debts | 170/4 | €157,239 | €130,201 | -€27,038 | -17.2% |
| Amounts payable within one year | 42/48 | €41,551 | €42,804 | +€1,253 | +3.0% |
| Current portion of amounts payable after more than one year | 42 | €25,999 | €27,038 | +€1,039 | +4.0% |
| Trade debts | 44 | €5,196 | €3,751 | -€1,445 | -27.8% |
| Suppliers | 440/4 | €5,196 | €3,751 | -€1,445 | -27.8% |
| Taxes, remuneration and social security | 45 | €10,355 | €12,015 | +€1,659 | +16.0% |
| Taxes | 450/3 | €3,650 | €3,659 | +€9 | +0.2% |
| Remuneration and social security | 454/9 | €6,706 | €8,356 | +€1,650 | +24.6% |
| Non-recurring operating income | 76A | - | €22,802 | +€22,802 | |
| Remuneration, social security and pensions | 62 | €22,283 | €26,275 | +€3,991 | +17.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €741 | €769 | +€27 | +3.7% |
| Other operating charges | 640/8 | €1,640 | €1,570 | -€70 | -4.2% |
| Non-recurring operating charges | 66A | €296 | €231 | -€65 | -22.0% |
| Gross operating margin | 9900 | €31,567 | -€13,330 | -€44,896 | |
| Operating profit (loss) | 9901 | €6,606 | -€42,174 | -€48,780 | |
| Financial income | 75/76B | €50,962 | €81,518 | +€30,556 | +60.0% |
| Recurring financial income | 75 | €50,962 | €81,518 | +€30,556 | +60.0% |
| Financial charges | 65/66B | €11,865 | €10,342 | -€1,523 | -12.8% |
| Recurring financial charges | 65 | €11,865 | €10,342 | -€1,523 | -12.8% |
| Profit (loss) for the period before taxes | 9903 | €45,703 | €29,002 | -€16,701 | -36.5% |
| Income taxes | 67/77 | €2,982 | €676 | -€2,306 | -77.3% |
| Profit (loss) for the period | 9904 | €42,721 | €28,326 | -€14,395 | -33.7% |
| Profit (loss) for the period to be appropriated | 9905 | €42,721 | €28,326 | -€14,395 | -33.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.