Trone Construct: what changed
Two fiscal 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.
Trone Construct
Largest movements
- Stocks and contracts +€556,724
up €556,724 (+31.0%), from €1.8m to €2.4m
- Debts after one year +€388,044
up €388,044 (+23.8%), from €1.6m to €2.0m
- Tax, wage and social debts +€185,729
up €185,729 (+103.1%), from €180,068 to €365,796
- Gross operating margin +€70,955
up €70,955 (+67.9%), from €104,543 to €175,498
- Other operating charges +€64,788
up €64,788 (+53.2%), from €121,720 to €186,508
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 | €1,828,921 | €2,368,743 | +€539,822 | +29.5% |
| Fixed assets | 21/28 | €1,182 | €937 | -€245 | -20.7% |
| Intangible fixed assets | 21 | €1,182 | €937 | -€245 | -20.7% |
| Current assets | 29/58 | €1,827,739 | €2,367,806 | +€540,067 | +29.5% |
| Stocks and contracts in progress | 3 | €1,793,737 | €2,350,461 | +€556,724 | +31.0% |
| Stocks | 30/36 | €1,793,737 | €2,350,461 | +€556,724 | +31.0% |
| Amounts receivable within one year | 40/41 | €4,332 | €11,348 | +€7,016 | +161.9% |
| Trade receivables | 40 | €1,044 | €2,842 | +€1,798 | +172.3% |
| Other amounts receivable | 41 | €3,289 | €8,507 | +€5,218 | +158.7% |
| Cash at bank and in hand | 54/58 | €29,669 | €5,996 | -€23,673 | -79.8% |
| Total equity and liabilities | 10/49 | €1,828,921 | €2,368,743 | +€539,822 | +29.5% |
| Equity | 10/15 | -€24,848 | -€36,103 | -€11,255 | -45.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Outside capital | 11 | €5,000 | €5,000 | = | 0.0% |
| Other | 1109/19 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€29,848 | -€41,103 | -€11,255 | -37.7% |
| Amounts payable | 17/49 | €1,853,769 | €2,404,846 | +€551,077 | +29.7% |
| Amounts payable after more than one year | 17 | €1,630,752 | €2,018,796 | +€388,044 | +23.8% |
| Other amounts payable | 178/9 | €1,630,752 | €2,018,796 | +€388,044 | +23.8% |
| Amounts payable within one year | 42/48 | €223,016 | €386,050 | +€163,033 | +73.1% |
| Trade debts | 44 | €42,949 | €20,253 | -€22,695 | -52.8% |
| Suppliers | 440/4 | €42,949 | €20,253 | -€22,695 | -52.8% |
| Taxes, remuneration and social security | 45 | €180,068 | €365,796 | +€185,729 | +103.1% |
| Taxes | 450/3 | €180,068 | €365,796 | +€185,729 | +103.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43 | €245 | +€202 | +471.9% |
| Other operating charges | 640/8 | €121,720 | €186,508 | +€64,788 | +53.2% |
| Gross operating margin | 9900 | €104,543 | €175,498 | +€70,955 | +67.9% |
| Operating profit (loss) | 9901 | -€17,220 | -€11,255 | +€5,965 | +34.6% |
| Financial charges | 65/66B | €0 | - | -€0 | |
| Recurring financial charges | 65 | €0 | - | -€0 | |
| Profit (loss) for the period before taxes | 9903 | -€17,220 | -€11,255 | +€5,965 | +34.6% |
| Profit (loss) for the period | 9904 | -€17,220 | -€11,255 | +€5,965 | +34.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,220 | -€11,255 | +€5,965 | +34.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.