TROLIEBERG: 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.
TROLIEBERG
Largest movements
- Cash +€189,425
up €189,425 (+223%), from €84,981 to €274,406
mainly Current investments (+€150,000) and Net result for the year (+€58,970)
- Current investments -€150,000
no longer reported in 2025 (was €150,000)
- Tangible fixed assets -€14,915
down €14,915 (-8.2%), from €180,880 to €165,965
of which Land and buildings: -€14,809
- Reserves +€24,018
up €24,018 (+8.8%), from €273,038 to €297,056
of which Distributable reserves: +€24,018
- Gross operating margin +€3,487
up €3,487 (+3.6%), from €96,740 to €100,227
- Depreciation -€2,249
down €2,249 (-13.1%), from €17,164 to €14,915
- Taxes +€1,603
up €1,603 (+6.2%), from €25,916 to €27,519
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 | €417,779 | €443,138 | +€25,359 | +6.1% |
| Fixed assets | 21/28 | €180,880 | €165,965 | -€14,915 | -8.2% |
| Tangible fixed assets | 22/27 | €180,880 | €165,965 | -€14,915 | -8.2% |
| Land and buildings | 22 | €180,774 | €165,965 | -€14,809 | -8.2% |
| Plant, machinery and equipment | 23 | €106 | - | -€106 | |
| Current assets | 29/58 | €236,899 | €277,173 | +€40,274 | +17.0% |
| Current investments | 50/53 | €150,000 | - | -€150,000 | |
| Cash at bank and in hand | 54/58 | €84,981 | €274,406 | +€189,425 | +223% |
| Deferred charges and accrued income | 490/1 | €1,917 | €2,767 | +€850 | +44.3% |
| Total equity and liabilities | 10/49 | €417,779 | €443,138 | +€25,359 | +6.1% |
| Equity | 10/15 | €411,858 | €435,876 | +€24,018 | +5.8% |
| Contributions | 10/11 | €138,820 | €138,820 | = | 0.0% |
| Capital | 10 | €138,820 | €138,820 | = | 0.0% |
| Issued capital | 100 | €138,820 | €138,820 | = | 0.0% |
| Reserves | 13 | €273,038 | €297,056 | +€24,018 | +8.8% |
| Non-distributable reserves | 130/1 | €13,882 | €13,882 | = | 0.0% |
| Legal reserve | 130 | €13,882 | €13,882 | = | 0.0% |
| Distributable reserves | 133 | €259,156 | €283,174 | +€24,018 | +9.3% |
| Amounts payable | 17/49 | €5,921 | €7,262 | +€1,341 | +22.6% |
| Amounts payable within one year | 42/48 | €5,921 | €7,087 | +€1,166 | +19.7% |
| Trade debts | 44 | €1,141 | €1,549 | +€408 | +35.8% |
| Suppliers | 440/4 | €1,141 | €1,549 | +€408 | +35.8% |
| Taxes, remuneration and social security | 45 | €4,780 | €5,538 | +€758 | +15.8% |
| Taxes | 450/3 | €4,780 | €5,538 | +€758 | +15.8% |
| Accrued charges and deferred income | 492/3 | - | €176 | +€176 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,164 | €14,915 | -€2,249 | -13.1% |
| Other operating charges | 640/8 | €1,475 | €1,494 | +€20 | +1.4% |
| Gross operating margin | 9900 | €96,740 | €100,227 | +€3,487 | +3.6% |
| Operating profit (loss) | 9901 | €78,101 | €83,817 | +€5,716 | +7.3% |
| Financial income | 75/76B | €3,781 | €3,190 | -€591 | -15.6% |
| Recurring financial income | 75 | €3,781 | €3,190 | -€591 | -15.6% |
| Financial charges | 65/66B | €431 | €518 | +€88 | +20.3% |
| Recurring financial charges | 65 | €431 | €518 | +€88 | +20.3% |
| Profit (loss) for the period before taxes | 9903 | €81,451 | €86,489 | +€5,038 | +6.2% |
| Income taxes | 67/77 | €25,916 | €27,519 | +€1,603 | +6.2% |
| Profit (loss) for the period | 9904 | €55,535 | €58,970 | +€3,435 | +6.2% |
| Profit (loss) for the period to be appropriated | 9905 | €55,535 | €58,970 | +€3,435 | +6.2% |
Source: filed annual accounts (NBB), financial years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.