TROONBEECKX: 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.
TROONBEECKX
Largest movements
- Receivables within one year +€190,172
up €190,172 (+477.1%), from €39,858 to €230,030
of which Trade receivables: +€191,641
- Cash -€23,404
down €23,404 (-77.6%), from €30,150 to €6,746
mainly Receivables within one year (-€190,172) and Investment in fixed assets (net) (-€21,899)
- Tangible fixed assets -€13,760
down €13,760 (-20.7%), from €66,573 to €52,813
of which Plant, machinery and equipment: -€17,229
- Short-term financial debts +€131,500
new in 2025: €131,500
- Accrued charges and deferred income +€19,105
new in 2025: €19,105
- Debts after one year -€10,538
down €10,538 (-58.3%), from €18,082 to €7,544
- Tax, wage and social debts +€6,327
up €6,327 (+73.5%), from €8,611 to €14,938
of which Taxes: +€5,523
- Other debts +€5,715
up €5,715 (+3.1%), from €185,539 to €191,254
- Staff costs -€16,138
down €16,138 (-56.6%), from €28,532 to €12,394
- Depreciation +€12,523
up €12,523 (+54.1%), from €23,136 to €35,659
- Other operating charges -€8,446
down €8,446 (-68.0%), from €12,427 to €3,981
- Gross operating margin +€7,290
up €7,290 (+12.5%), from €58,242 to €65,533
- Taxes +€2,676
up €2,676 (+667.8%), from €401 to €3,077
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 | €137,319 | €290,328 | +€153,009 | +111.4% |
| Fixed assets | 21/28 | €67,312 | €53,552 | -€13,760 | -20.4% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €66,573 | €52,813 | -€13,760 | -20.7% |
| Land and buildings | 22 | €9,081 | €14,500 | +€5,419 | +59.7% |
| Plant, machinery and equipment | 23 | €30,930 | €13,701 | -€17,229 | -55.7% |
| Furniture and vehicles | 24 | €12,503 | €14,067 | +€1,564 | +12.5% |
| Other tangible fixed assets | 26 | €14,058 | €10,544 | -€3,515 | -25.0% |
| Financial fixed assets | 28 | €739 | €739 | = | 0.0% |
| Current assets | 29/58 | €70,008 | €236,777 | +€166,769 | +238.2% |
| Amounts receivable within one year | 40/41 | €39,858 | €230,030 | +€190,172 | +477.1% |
| Trade receivables | 40 | €38,389 | €230,030 | +€191,641 | +499.2% |
| Other amounts receivable | 41 | €1,469 | - | -€1,469 | |
| Cash at bank and in hand | 54/58 | €30,150 | €6,746 | -€23,404 | -77.6% |
| Total equity and liabilities | 10/49 | €137,319 | €290,328 | +€153,009 | +111.4% |
| Equity | 10/15 | -€90,764 | -€85,604 | +€5,160 | +5.7% |
| Contributions | 10/11 | €12,700 | €12,700 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€105,464 | -€100,304 | +€5,160 | +4.9% |
| Amounts payable | 17/49 | €228,083 | €375,932 | +€147,849 | +64.8% |
| Amounts payable after more than one year | 17 | €18,082 | €7,544 | -€10,538 | -58.3% |
| Financial debts | 170/4 | €18,082 | €7,544 | -€10,538 | -58.3% |
| Amounts payable within one year | 42/48 | €210,001 | €349,283 | +€139,282 | +66.3% |
| Current portion of amounts payable after more than one year | 42 | €10,827 | €10,538 | -€288 | -2.7% |
| Financial debts | 43 | - | €131,500 | +€131,500 | |
| Credit institutions | 430/8 | - | €131,500 | +€131,500 | |
| Trade debts | 44 | €5,024 | €1,053 | -€3,971 | -79.1% |
| Suppliers | 440/4 | €5,024 | €1,053 | -€3,971 | -79.1% |
| Taxes, remuneration and social security | 45 | €8,611 | €14,938 | +€6,327 | +73.5% |
| Taxes | 450/3 | - | €5,523 | +€5,523 | |
| Remuneration and social security | 454/9 | €8,611 | €9,415 | +€804 | +9.3% |
| Other amounts payable | 47/48 | €185,539 | €191,254 | +€5,715 | +3.1% |
| Accrued charges and deferred income | 492/3 | - | €19,105 | +€19,105 | |
| Non-recurring operating income | 76A | €895 | - | -€895 | |
| Remuneration, social security and pensions | 62 | €28,532 | €12,394 | -€16,138 | -56.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,136 | €35,659 | +€12,523 | +54.1% |
| Other operating charges | 640/8 | €12,427 | €3,981 | -€8,446 | -68.0% |
| Gross operating margin | 9900 | €58,242 | €65,533 | +€7,290 | +12.5% |
| Operating profit (loss) | 9901 | -€5,853 | €13,499 | +€19,352 | |
| Financial income | 75/76B | €201 | €339 | +€138 | +69.0% |
| Recurring financial income | 75 | €201 | €339 | +€138 | +69.0% |
| Financial charges | 65/66B | €4,975 | €5,600 | +€625 | +12.6% |
| Recurring financial charges | 65 | €4,975 | €5,600 | +€625 | +12.6% |
| Profit (loss) for the period before taxes | 9903 | -€10,628 | €8,237 | +€18,865 | |
| Income taxes | 67/77 | €401 | €3,077 | +€2,676 | +667.8% |
| Profit (loss) for the period | 9904 | -€11,028 | €5,160 | +€16,189 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,028 | €5,160 | +€16,189 |
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 7 October 2026 via checked.be.