TROONEN L & N: 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.
TROONEN L & N
Largest movements
- Current investments +€106,607
up €106,607 (+10.4%), from €1.0m to €1.1m
- Cash -€94,909
down €94,909 (-46.6%), from €203,532 to €108,623
mainly Contributions, distributions and other (-€854,115) and Current investments (-€106,607)
- Receivables within one year -€70,687
down €70,687 (-14.3%), from €495,951 to €425,265
of which Other amounts receivable: -€70,687
- Reserves -€813,396
down €813,396 (-27.0%), from €3.0m to €2.2m
- Other debts +€752,341
up €752,341 (+3,497%), from €21,515 to €773,856
- Financial income +€34,421
up €34,421 (+243%), from €14,189 to €48,610
- Gross operating margin -€10,491
down €10,491 (-40.4%), from €25,965 to €15,474
- Taxes +€6,091
up €6,091 (+57.2%), from €10,653 to €16,744
- Financial charges +€3,112
up €3,112 (+260%), from €1,199 to €4,311
- Other operating charges +€408
up €408 (+22.3%), from €1,830 to €2,238
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 | €3,106,618 | €3,047,593 | -€59,024 | -1.9% |
| Fixed assets | 21/28 | €1,379,795 | €1,379,724 | -€71 | 0.0% |
| Tangible fixed assets | 22/27 | €71 | €0 | -€71 | -100% |
| Plant, machinery and equipment | 23 | €71 | €0 | -€71 | -100% |
| Financial fixed assets | 28 | €1,379,724 | €1,379,724 | = | 0.0% |
| Current assets | 29/58 | €1,726,823 | €1,667,869 | -€58,954 | -3.4% |
| Amounts receivable within one year | 40/41 | €495,951 | €425,265 | -€70,687 | -14.3% |
| Trade receivables | 40 | €12,100 | €12,100 | = | 0.0% |
| Other amounts receivable | 41 | €483,851 | €413,165 | -€70,687 | -14.6% |
| Current investments | 50/53 | €1,026,211 | €1,132,818 | +€106,607 | +10.4% |
| Cash at bank and in hand | 54/58 | €203,532 | €108,623 | -€94,909 | -46.6% |
| Deferred charges and accrued income | 490/1 | €1,129 | €1,164 | +€35 | +3.1% |
| Total equity and liabilities | 10/49 | €3,106,618 | €3,047,593 | -€59,024 | -1.9% |
| Equity | 10/15 | €3,075,128 | €2,261,732 | -€813,396 | -26.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €3,013,128 | €2,199,732 | -€813,396 | -27.0% |
| Distributable reserves | 133 | €3,013,128 | €2,199,732 | -€813,396 | -27.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €31,490 | €785,862 | +€754,372 | +2,396% |
| Amounts payable within one year | 42/48 | €31,490 | €785,862 | +€754,372 | +2,396% |
| Trade debts | 44 | €2,733 | €2,568 | -€165 | -6.0% |
| Suppliers | 440/4 | €2,733 | €2,568 | -€165 | -6.0% |
| Taxes, remuneration and social security | 45 | €7,242 | €9,438 | +€2,196 | +30.3% |
| Taxes | 450/3 | €7,242 | €9,438 | +€2,196 | +30.3% |
| Other amounts payable | 47/48 | €21,515 | €773,856 | +€752,341 | +3,497% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €165 | €71 | -€94 | -57.1% |
| Other operating charges | 640/8 | €1,830 | €2,238 | +€408 | +22.3% |
| Gross operating margin | 9900 | €25,965 | €15,474 | -€10,491 | -40.4% |
| Operating profit (loss) | 9901 | €23,970 | €13,165 | -€10,805 | -45.1% |
| Financial income | 75/76B | €14,189 | €48,610 | +€34,421 | +243% |
| Recurring financial income | 75 | €14,189 | €48,610 | +€34,421 | +243% |
| Financial charges | 65/66B | €1,199 | €4,311 | +€3,112 | +260% |
| Recurring financial charges | 65 | €1,199 | €4,311 | +€3,112 | +260% |
| Profit (loss) for the period before taxes | 9903 | €36,959 | €57,463 | +€20,504 | +55.5% |
| Income taxes | 67/77 | €10,653 | €16,744 | +€6,091 | +57.2% |
| Profit (loss) for the period | 9904 | €26,307 | €40,719 | +€14,412 | +54.8% |
| Profit (loss) for the period to be appropriated | 9905 | €26,307 | €40,719 | +€14,412 | +54.8% |
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 28 October 2026 via checked.be.