Tronco: 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.
Tronco
Largest movements
- Stocks and contracts -€592,955
down €592,955 (-41.8%), from €1.4m to €825,140
- Receivables within one year +€80,349
up €80,349 (+164.7%), from €48,797 to €129,146
of which Trade receivables: +€71,949
- Tangible fixed assets -€60,259
down €60,259 (-9.8%), from €612,784 to €552,526
of which Plant, machinery and equipment: -€64,403
- Cash -€48,540
down €48,540 (-91.2%), from €53,249 to €4,709
mainly Advances received (-€701,975) and Net result for the year (-€293,727)
- Advances received -€701,975
down €701,975 (-98.4%), from €713,661 to €11,686
- Other debts +€300,000
up €300,000 (+15.0%), from €2.0m to €2.3m
- Profit (loss) carried forward -€293,727
down €293,727 (-16.1%), from -€1.8m to -€2.1m
- Tax, wage and social debts +€46,699
up €46,699 (+50.2%), from €93,041 to €139,740
of which Remuneration and social security: +€44,194
- Trade debts +€27,690
up €27,690 (+2.4%), from €1.1m to €1.2m
- Gross operating margin +€1.2m
up €1.2m (+574.3%), from €207,102 to €1.4m
- Staff costs +€422,170
up €422,170 (+47.8%), from €882,902 to €1.3m
- Other operating charges +€184,449
up €184,449 (+236.7%), from €77,930 to €262,380
- Financial charges -€23,948
down €23,948 (-83.2%), from €28,782 to €4,834
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.
Cash bridge derived
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 | €2,134,578 | €1,511,521 | -€623,057 | -29.2% |
| Fixed assets | 21/28 | €612,784 | €552,526 | -€60,259 | -9.8% |
| Tangible fixed assets | 22/27 | €612,784 | €552,526 | -€60,259 | -9.8% |
| Land and buildings | 22 | €123,670 | €136,931 | +€13,261 | +10.7% |
| Plant, machinery and equipment | 23 | €452,018 | €387,615 | -€64,403 | -14.2% |
| Furniture and vehicles | 24 | €37,096 | €27,980 | -€9,117 | -24.6% |
| Current assets | 29/58 | €1,521,793 | €958,995 | -€562,798 | -37.0% |
| Stocks and contracts in progress | 3 | €1,418,095 | €825,140 | -€592,955 | -41.8% |
| Stocks | 30/36 | €1,418,095 | €825,140 | -€592,955 | -41.8% |
| Amounts receivable within one year | 40/41 | €48,797 | €129,146 | +€80,349 | +164.7% |
| Trade receivables | 40 | €25,051 | €97,000 | +€71,949 | +287.2% |
| Other amounts receivable | 41 | €23,746 | €32,146 | +€8,400 | +35.4% |
| Cash at bank and in hand | 54/58 | €53,249 | €4,709 | -€48,540 | -91.2% |
| Deferred charges and accrued income | 490/1 | €1,653 | - | -€1,653 | |
| Total equity and liabilities | 10/49 | €2,134,578 | €1,511,521 | -€623,057 | -29.2% |
| Equity | 10/15 | -€1,810,190 | -€2,103,917 | -€293,727 | -16.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,828,790 | -€2,122,517 | -€293,727 | -16.1% |
| Amounts payable | 17/49 | €3,944,768 | €3,615,438 | -€329,330 | -8.3% |
| Amounts payable within one year | 42/48 | €3,938,768 | €3,611,181 | -€327,587 | -8.3% |
| Trade debts | 44 | €1,132,066 | €1,159,756 | +€27,690 | +2.4% |
| Suppliers | 440/4 | €1,132,066 | €1,159,756 | +€27,690 | +2.4% |
| Advances received on contracts in progress | 46 | €713,661 | €11,686 | -€701,975 | -98.4% |
| Taxes, remuneration and social security | 45 | €93,041 | €139,740 | +€46,699 | +50.2% |
| Taxes | 450/3 | €33,535 | €36,039 | +€2,505 | +7.5% |
| Remuneration and social security | 454/9 | €59,506 | €103,700 | +€44,194 | +74.3% |
| Other amounts payable | 47/48 | €2,000,000 | €2,300,000 | +€300,000 | +15.0% |
| Accrued charges and deferred income | 492/3 | €6,000 | €4,257 | -€1,743 | -29.1% |
| Non-recurring operating income | 76A | - | €985 | +€985 | |
| Remuneration, social security and pensions | 62 | €882,902 | €1,305,072 | +€422,170 | +47.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €93,386 | €105,686 | +€12,300 | +13.2% |
| Other operating charges | 640/8 | €77,930 | €262,380 | +€184,449 | +236.7% |
| Non-recurring operating charges | 66A | - | €18,119 | +€18,119 | |
| Gross operating margin | 9900 | €207,102 | €1,396,574 | +€1.2m | +574.3% |
| Operating profit (loss) | 9901 | -€847,116 | -€294,682 | +€552,434 | +65.2% |
| Financial income | 75/76B | €183 | €5,986 | +€5,803 | +3177.3% |
| Recurring financial income | 75 | €183 | €5,986 | +€5,803 | +3177.3% |
| Financial charges | 65/66B | €28,782 | €4,834 | -€23,948 | -83.2% |
| Recurring financial charges | 65 | €28,782 | €4,834 | -€23,948 | -83.2% |
| Profit (loss) for the period before taxes | 9903 | -€875,715 | -€293,529 | +€582,186 | +66.5% |
| Income taxes | 67/77 | €553 | €197 | -€355 | -64.3% |
| Profit (loss) for the period | 9904 | -€876,268 | -€293,727 | +€582,541 | +66.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€876,268 | -€293,727 | +€582,541 | +66.5% |
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 12 October 2026 via checked.be.