TRON: 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.
TRON
Largest movements
- Tangible fixed assets +€28,337
up €28,337 (+6,034%), from €470 to €28,806
- Cash +€9,193
up €9,193 (+35.1%), from €26,190 to €35,383
mainly Debts after one year (+€24,230) and Net result for the year (+€10,669)
- Financial fixed assets +€9,005
new in 2025: €9,005
- Receivables within one year -€3,196
down €3,196 (-21.7%), from €14,736 to €11,539
of which Other amounts receivable: -€10,384
- Debts after one year +€24,230
new in 2025: €24,230
- Profit (loss) carried forward +€10,669
new in 2025: €10,669
- Current portion of long-term debt +€6,335
new in 2025: €6,335
- Tax, wage and social debts +€6,317
up €6,317 (+76.1%), from €8,305 to €14,622
- Trade debts -€4,268
no longer reported in 2025 (was €4,268)
- Gross operating margin +€12,381
up €12,381 (+37.0%), from €33,489 to €45,870
- Other operating charges +€6,002
up €6,002 (+32.8%), from €18,278 to €24,280
- Depreciation +€3,178
up €3,178 (+119%), from €2,674 to €5,852
- Taxes +€854
up €854 (+23.7%), from €3,601 to €4,455
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 | €41,450 | €84,734 | +€43,283 | +104% |
| Fixed assets | 21/28 | €470 | €37,811 | +€37,342 | +7,951% |
| Tangible fixed assets | 22/27 | €470 | €28,806 | +€28,337 | +6,034% |
| Furniture and vehicles | 24 | €470 | €28,806 | +€28,337 | +6,034% |
| Financial fixed assets | 28 | - | €9,005 | +€9,005 | |
| Current assets | 29/58 | €40,980 | €46,922 | +€5,942 | +14.5% |
| Amounts receivable within one year | 40/41 | €14,736 | €11,539 | -€3,196 | -21.7% |
| Trade receivables | 40 | €4,352 | €11,539 | +€7,188 | +165% |
| Other amounts receivable | 41 | €10,384 | - | -€10,384 | |
| Cash at bank and in hand | 54/58 | €26,190 | €35,383 | +€9,193 | +35.1% |
| Deferred charges and accrued income | 490/1 | €55 | - | -€55 | |
| Total equity and liabilities | 10/49 | €41,450 | €84,734 | +€43,283 | +104% |
| Equity | 10/15 | €28,877 | €39,546 | +€10,669 | +36.9% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €27,377 | €27,377 | = | 0.0% |
| Distributable reserves | 133 | €27,377 | €27,377 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €10,669 | +€10,669 | |
| Amounts payable | 17/49 | €12,573 | €45,187 | +€32,614 | +259% |
| Amounts payable after more than one year | 17 | - | €24,230 | +€24,230 | |
| Financial debts | 170/4 | - | €24,230 | +€24,230 | |
| Amounts payable within one year | 42/48 | €12,573 | €20,957 | +€8,384 | +66.7% |
| Current portion of amounts payable after more than one year | 42 | - | €6,335 | +€6,335 | |
| Trade debts | 44 | €4,268 | - | -€4,268 | |
| Suppliers | 440/4 | €4,268 | - | -€4,268 | |
| Taxes, remuneration and social security | 45 | €8,305 | €14,622 | +€6,317 | +76.1% |
| Taxes | 450/3 | €8,305 | €14,622 | +€6,317 | +76.1% |
| Non-recurring operating income | 76A | - | €6,335 | +€6,335 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,674 | €5,852 | +€3,178 | +119% |
| Other operating charges | 640/8 | €18,278 | €24,280 | +€6,002 | +32.8% |
| Gross operating margin | 9900 | €33,489 | €45,870 | +€12,381 | +37.0% |
| Operating profit (loss) | 9901 | €12,536 | €15,738 | +€3,201 | +25.5% |
| Financial income | 75/76B | €377 | - | -€377 | |
| Recurring financial income | 75 | €377 | - | -€377 | |
| Financial charges | 65/66B | €423 | €614 | +€191 | +45.2% |
| Recurring financial charges | 65 | €423 | €614 | +€191 | +45.2% |
| Profit (loss) for the period before taxes | 9903 | €12,491 | €15,124 | +€2,633 | +21.1% |
| Income taxes | 67/77 | €3,601 | €4,455 | +€854 | +23.7% |
| Profit (loss) for the period | 9904 | €8,890 | €10,669 | +€1,779 | +20.0% |
| Profit (loss) for the period to be appropriated | 9905 | €8,890 | €10,669 | +€1,779 | +20.0% |
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 14 October 2026 via checked.be.