TROLL: 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.
TROLL
Largest movements
- Cash +€24,022
up €24,022 (+177%), from €13,603 to €37,625
mainly Receivables within one year (+€15,247) and Net result for the year (+€14,536)
- Receivables within one year -€15,247
down €15,247 (-81.0%), from €18,818 to €3,572
of which Trade receivables: -€13,121
- Tangible fixed assets -€1,769
down €1,769 (-16.5%), from €10,739 to €8,970
of which Plant, machinery and equipment: -€2,355
- Profit (loss) carried forward +€14,536
up €14,536, from -€12,989 to €1,547
- Trade debts -€10,408
down €10,408 (-65.4%), from €15,917 to €5,509
- Tax, wage and social debts +€2,604
up €2,604 (+1,866%), from €140 to €2,743
- Gross operating margin +€18,462
up €18,462 (+523%), from €3,532 to €21,994
- Taxes +€2,464
up €2,464 (+1,766%), from €140 to €2,604
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 | €43,970 | €50,701 | +€6,731 | +15.3% |
| Fixed assets | 21/28 | €10,739 | €8,970 | -€1,769 | -16.5% |
| Tangible fixed assets | 22/27 | €10,739 | €8,970 | -€1,769 | -16.5% |
| Land and buildings | 22 | €100 | €31 | -€69 | -68.9% |
| Plant, machinery and equipment | 23 | €10,165 | €7,810 | -€2,355 | -23.2% |
| Furniture and vehicles | 24 | €474 | €1,129 | +€654 | +138% |
| Current assets | 29/58 | €33,231 | €41,732 | +€8,501 | +25.6% |
| Amounts receivable within one year | 40/41 | €18,818 | €3,572 | -€15,247 | -81.0% |
| Trade receivables | 40 | €15,881 | €2,760 | -€13,121 | -82.6% |
| Other amounts receivable | 41 | €2,938 | €812 | -€2,126 | -72.4% |
| Cash at bank and in hand | 54/58 | €13,603 | €37,625 | +€24,022 | +177% |
| Deferred charges and accrued income | 490/1 | €810 | €536 | -€275 | -33.9% |
| Total equity and liabilities | 10/49 | €43,970 | €50,701 | +€6,731 | +15.3% |
| Equity | 10/15 | €27,914 | €42,449 | +€14,536 | +52.1% |
| Contributions | 10/11 | €37,184 | €37,184 | = | 0.0% |
| Reserves | 13 | €3,718 | €3,718 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,718 | €3,718 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,718 | €3,718 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,989 | €1,547 | +€14,536 | |
| Amounts payable | 17/49 | €16,057 | €8,252 | -€7,805 | -48.6% |
| Amounts payable within one year | 42/48 | €16,057 | €8,252 | -€7,805 | -48.6% |
| Trade debts | 44 | €15,917 | €5,509 | -€10,408 | -65.4% |
| Suppliers | 440/4 | €15,917 | €5,509 | -€10,408 | -65.4% |
| Taxes, remuneration and social security | 45 | €140 | €2,743 | +€2,604 | +1,866% |
| Taxes | 450/3 | €140 | €2,743 | +€2,604 | +1,866% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,110 | €3,976 | -€134 | -3.3% |
| Other operating charges | 640/8 | €183 | €186 | +€4 | +2.0% |
| Non-recurring operating charges | 66A | €149 | €547 | +€397 | +266% |
| Gross operating margin | 9900 | €3,532 | €21,994 | +€18,462 | +523% |
| Operating profit (loss) | 9901 | -€910 | €17,285 | +€18,195 | |
| Financial charges | 65/66B | €96 | €145 | +€50 | +52.2% |
| Recurring financial charges | 65 | €96 | €145 | +€50 | +52.2% |
| Profit (loss) for the period before taxes | 9903 | -€1,006 | €17,139 | +€18,145 | |
| Income taxes | 67/77 | €140 | €2,604 | +€2,464 | +1,766% |
| Profit (loss) for the period | 9904 | -€1,145 | €14,536 | +€15,681 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,145 | €14,536 | +€15,681 |
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.