TRONCQUO: 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.
TRONCQUO
Largest movements
- Current investments -€290,591
down €290,591 (-100%), from €290,591 to €0
- Cash +€177,437
up €177,437 (+73.3%), from €242,077 to €419,513
mainly Current investments (+€290,591) and Net result for the year (+€92,251)
- Receivables within one year +€34,512
up €34,512 (+32.6%), from €105,791 to €140,302
of which Trade receivables: +€20,520
- Trade debts -€166,832
down €166,832 (-96.0%), from €173,871 to €7,040
- Reserves +€92,251
up €92,251 (+14.0%), from €656,611 to €748,862
- Provisions +€32,612
up €32,612, from -€28,505 to €4,106
- Gross operating margin +€30,489
up €30,489 (+27.0%), from €112,722 to €143,211
- Financial income -€21,356
down €21,356 (-82.9%), from €25,759 to €4,402
- Taxes -€8,704
down €8,704 (-16.8%), from €51,860 to €43,156
- Financial charges +€2,902
up €2,902 (+246%), from €1,180 to €4,082
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 | €947,550 | €880,250 | -€67,300 | -7.1% |
| Fixed assets | 21/28 | €5,302 | €10,864 | +€5,562 | +105% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €5,284 | €10,846 | +€5,562 | +105% |
| Land and buildings | 22 | €726 | €581 | -€145 | -20.0% |
| Plant, machinery and equipment | 23 | €4,266 | €3,270 | -€996 | -23.3% |
| Furniture and vehicles | 24 | €291 | €6,995 | +€6,703 | +2,302% |
| Financial fixed assets | 28 | €19 | €19 | = | 0.0% |
| Current assets | 29/58 | €942,248 | €869,385 | -€72,862 | -7.7% |
| Amounts receivable after more than one year | 29 | €303,248 | €307,615 | +€4,367 | +1.4% |
| Trade receivables | 290 | €303,248 | €307,615 | +€4,367 | +1.4% |
| Amounts receivable within one year | 40/41 | €105,791 | €140,302 | +€34,512 | +32.6% |
| Trade receivables | 40 | €66,007 | €86,527 | +€20,520 | +31.1% |
| Other amounts receivable | 41 | €39,784 | €53,776 | +€13,992 | +35.2% |
| Current investments | 50/53 | €290,591 | €0 | -€290,591 | -100% |
| Cash at bank and in hand | 54/58 | €242,077 | €419,513 | +€177,437 | +73.3% |
| Deferred charges and accrued income | 490/1 | €542 | €1,955 | +€1,414 | +261% |
| Total equity and liabilities | 10/49 | €947,550 | €880,250 | -€67,300 | -7.1% |
| Equity | 10/15 | €675,768 | €768,019 | +€92,251 | +13.7% |
| Contributions | 10/11 | €19,157 | €19,157 | = | 0.0% |
| Reserves | 13 | €656,611 | €748,862 | +€92,251 | +14.0% |
| Distributable reserves | 133 | €656,611 | €748,862 | +€92,251 | +14.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | -€0 | -100% |
| Provisions and deferred taxes | 16 | €97,910 | €102,016 | +€4,106 | +4.2% |
| Provisions for liabilities and charges | 160/5 | €97,910 | €102,016 | +€4,106 | +4.2% |
| Major repairs and maintenance | 162 | €97,910 | €102,016 | +€4,106 | +4.2% |
| Amounts payable | 17/49 | €173,871 | €10,214 | -€163,657 | -94.1% |
| Amounts payable within one year | 42/48 | €173,871 | €10,214 | -€163,657 | -94.1% |
| Trade debts | 44 | €173,871 | €7,040 | -€166,832 | -96.0% |
| Suppliers | 440/4 | €173,871 | €7,040 | -€166,832 | -96.0% |
| Taxes, remuneration and social security | 45 | €0 | €3,156 | +€3,156 | |
| Taxes | 450/3 | €0 | €3,156 | +€3,156 | |
| Other amounts payable | 47/48 | - | €19 | +€19 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,281 | €2,719 | +€438 | +19.2% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€28,505 | €4,106 | +€32,612 | |
| Other operating charges | 640/8 | €685 | €1,300 | +€615 | +89.7% |
| Gross operating margin | 9900 | €112,722 | €143,211 | +€30,489 | +27.0% |
| Operating profit (loss) | 9901 | €138,261 | €135,086 | -€3,175 | -2.3% |
| Financial income | 75/76B | €25,759 | €4,402 | -€21,356 | -82.9% |
| Recurring financial income | 75 | €25,759 | €4,402 | -€21,356 | -82.9% |
| Financial charges | 65/66B | €1,180 | €4,082 | +€2,902 | +246% |
| Recurring financial charges | 65 | €1,180 | €4,082 | +€2,902 | +246% |
| Profit (loss) for the period before taxes | 9903 | €162,839 | €135,407 | -€27,433 | -16.8% |
| Income taxes | 67/77 | €51,860 | €43,156 | -€8,704 | -16.8% |
| Profit (loss) for the period | 9904 | €110,980 | €92,251 | -€18,729 | -16.9% |
| Profit (loss) for the period to be appropriated | 9905 | €110,980 | €92,251 | -€18,729 | -16.9% |
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 21 October 2026 via checked.be.