Troost & Smile: 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.
Troost & Smile
Largest movements
- Tangible fixed assets -€26,558
down €26,558 (-8.8%), from €302,523 to €275,965
- Receivables within one year +€7,420
up €7,420 (+37.4%), from €19,857 to €27,277
- Cash +€4,662
up €4,662 (+41.6%), from €11,194 to €15,856
mainly Depreciation (+€26,558) and Other debts (+€25,564)
- Debts after one year -€51,597
down €51,597 (-19.1%), from €270,733 to €219,137
of which Other amounts payable: -€28,573
- Other debts +€25,564
up €25,564 (+155%), from €16,471 to €42,035
- Reserves +€15,862
up €15,862 (+233%), from €6,798 to €22,659
- Current portion of long-term debt -€6,221
down €6,221 (-21.3%), from €29,245 to €23,024
- Gross operating margin +€20,913
up €20,913 (+38.8%), from €53,870 to €74,783
- Other operating charges +€6,071
up €6,071 (+81.8%), from €7,419 to €13,491
- Taxes +€4,165
up €4,165 (+150%), from €2,785 to €6,950
- Depreciation -€2,068
down €2,068 (-7.2%), from €28,626 to €26,558
- Financial charges +€1,452
up €1,452 (+15.8%), from €9,191 to €10,643
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 | €336,636 | €319,603 | -€17,034 | -5.1% |
| Fixed assets | 21/28 | €302,523 | €275,965 | -€26,558 | -8.8% |
| Tangible fixed assets | 22/27 | €302,523 | €275,965 | -€26,558 | -8.8% |
| Land and buildings | 22 | €302,523 | €275,965 | -€26,558 | -8.8% |
| Current assets | 29/58 | €34,114 | €43,638 | +€9,524 | +27.9% |
| Amounts receivable within one year | 40/41 | €19,857 | €27,277 | +€7,420 | +37.4% |
| Trade receivables | 40 | €19,857 | €27,277 | +€7,420 | +37.4% |
| Cash at bank and in hand | 54/58 | €11,194 | €15,856 | +€4,662 | +41.6% |
| Deferred charges and accrued income | 490/1 | €3,062 | €505 | -€2,558 | -83.5% |
| Total equity and liabilities | 10/49 | €336,636 | €319,603 | -€17,034 | -5.1% |
| Equity | 10/15 | €6,848 | €22,710 | +€15,862 | +232% |
| Contributions | 10/11 | €50 | €50 | = | 0.0% |
| Reserves | 13 | €6,798 | €22,659 | +€15,862 | +233% |
| Distributable reserves | 133 | €6,798 | €22,659 | +€15,862 | +233% |
| Amounts payable | 17/49 | €329,788 | €296,893 | -€32,895 | -10.0% |
| Amounts payable after more than one year | 17 | €270,733 | €219,137 | -€51,597 | -19.1% |
| Financial debts | 170/4 | €242,161 | €219,137 | -€23,024 | -9.5% |
| Other amounts payable | 178/9 | €28,573 | €0 | -€28,573 | -100% |
| Amounts payable within one year | 42/48 | €59,055 | €77,756 | +€18,701 | +31.7% |
| Current portion of amounts payable after more than one year | 42 | €29,245 | €23,024 | -€6,221 | -21.3% |
| Trade debts | 44 | €1,420 | €1,727 | +€307 | +21.7% |
| Suppliers | 440/4 | €1,420 | €1,727 | +€307 | +21.7% |
| Taxes, remuneration and social security | 45 | €11,920 | €10,970 | -€950 | -8.0% |
| Taxes | 450/3 | €5,813 | €10,970 | +€5,158 | +88.7% |
| Remuneration and social security | 454/9 | €6,108 | €0 | -€6,108 | -100% |
| Other amounts payable | 47/48 | €16,471 | €42,035 | +€25,564 | +155% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,626 | €26,558 | -€2,068 | -7.2% |
| Other operating charges | 640/8 | €7,419 | €13,491 | +€6,071 | +81.8% |
| Non-recurring operating charges | 66A | - | €1,279 | +€1,279 | |
| Gross operating margin | 9900 | €53,870 | €74,783 | +€20,913 | +38.8% |
| Operating profit (loss) | 9901 | €17,824 | €33,455 | +€15,631 | +87.7% |
| Financial charges | 65/66B | €9,191 | €10,643 | +€1,452 | +15.8% |
| Recurring financial charges | 65 | €9,191 | €10,643 | +€1,452 | +15.8% |
| Profit (loss) for the period before taxes | 9903 | €8,633 | €22,812 | +€14,179 | +164% |
| Income taxes | 67/77 | €2,785 | €6,950 | +€4,165 | +150% |
| Profit (loss) for the period | 9904 | €5,848 | €15,862 | +€10,014 | +171% |
| Profit (loss) for the period to be appropriated | 9905 | €5,848 | €15,862 | +€10,014 | +171% |
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 24 October 2026 via checked.be.