TROPIC: 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.
TROPIC
Largest movements
- Receivables within one year -€16,681
down €16,681 (-97.1%), from €17,177 to €496
- Tangible fixed assets -€13,618
down €13,618 (-4.4%), from €308,172 to €294,554
- Other debts -€26,547
down €26,547 (-3.3%), from €813,320 to €786,774
- Profit (loss) carried forward -€4,523
down €4,523 (-0.9%), from -€522,183 to -€526,705
- Gross operating margin -€1,206
down €1,206 (-8.7%), from €13,860 to €12,653
- Other operating charges -€291
down €291 (-8.7%), from €3,356 to €3,065
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 | €326,314 | €295,981 | -€30,333 | -9.3% |
| Fixed assets | 21/28 | €308,172 | €294,554 | -€13,618 | -4.4% |
| Tangible fixed assets | 22/27 | €308,172 | €294,554 | -€13,618 | -4.4% |
| Land and buildings | 22 | €308,172 | €294,554 | -€13,618 | -4.4% |
| Current assets | 29/58 | €18,142 | €1,428 | -€16,714 | -92.1% |
| Amounts receivable within one year | 40/41 | €17,177 | €496 | -€16,681 | -97.1% |
| Other amounts receivable | 41 | €17,177 | €496 | -€16,681 | -97.1% |
| Cash at bank and in hand | 54/58 | €965 | €932 | -€33 | -3.4% |
| Total equity and liabilities | 10/49 | €326,314 | €295,981 | -€30,333 | -9.3% |
| Equity | 10/15 | -€487,658 | -€492,181 | -€4,523 | -0.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | €18,600 | - | -€18,600 | |
| Other | 1109/19 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €15,925 | €15,925 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €14,065 | €14,065 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€522,183 | -€526,705 | -€4,523 | -0.9% |
| Amounts payable | 17/49 | €813,972 | €788,162 | -€25,810 | -3.2% |
| Amounts payable within one year | 42/48 | €813,585 | €788,162 | -€25,422 | -3.1% |
| Trade debts | 44 | - | €1,109 | +€1,109 | |
| Suppliers | 440/4 | - | €1,109 | +€1,109 | |
| Taxes, remuneration and social security | 45 | €265 | €279 | +€15 | +5.5% |
| Taxes | 450/3 | €265 | €279 | +€15 | +5.5% |
| Other amounts payable | 47/48 | €813,320 | €786,774 | -€26,547 | -3.3% |
| Accrued charges and deferred income | 492/3 | €387 | €0 | -€387 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,573 | €13,618 | +€46 | +0.3% |
| Other operating charges | 640/8 | €3,356 | €3,065 | -€291 | -8.7% |
| Gross operating margin | 9900 | €13,860 | €12,653 | -€1,206 | -8.7% |
| Operating profit (loss) | 9901 | -€3,069 | -€4,030 | -€961 | -31.3% |
| Financial charges | 65/66B | €135 | €213 | +€79 | +58.4% |
| Recurring financial charges | 65 | €135 | €213 | +€79 | +58.4% |
| Profit (loss) for the period before taxes | 9903 | -€3,204 | -€4,244 | -€1,040 | -32.5% |
| Income taxes | 67/77 | €265 | €279 | +€15 | +5.5% |
| Profit (loss) for the period | 9904 | -€3,468 | -€4,523 | -€1,054 | -30.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,468 | -€4,523 | -€1,054 | -30.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.