TROPICAL: 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.
TROPICAL
Largest movements
- Cash -€10,643
down €10,643 (-95.3%), from €11,167 to €524
mainly Receivables within one year (-€9,209) and Net result for the year (-€3,526)
- Receivables within one year +€9,209
up €9,209 (+94.4%), from €9,753 to €18,962
of which Trade receivables: +€10,495
- Tangible fixed assets -€1,806
down €1,806 (-42.7%), from €4,233 to €2,427
of which Furniture and vehicles: -€1,510
- Profit (loss) carried forward -€3,526
down €3,526 (-17.0%), from -€20,778 to -€24,304
- Tax, wage and social debts +€316
up €316 (+129.4%), from €244 to €561
- Gross operating margin -€2,578
down €2,578, from €1,294 to -€1,283
- Depreciation +€741
up €741 (+69.7%), from €1,064 to €1,806
- Financial charges +€186
up €186 (+427.9%), from €44 to €230
- Financial income -€88
down €88 (-22.0%), from €401 to €312
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 | €25,826 | €22,517 | -€3,309 | -12.8% |
| Fixed assets | 21/28 | €4,233 | €2,427 | -€1,806 | -42.7% |
| Tangible fixed assets | 22/27 | €4,233 | €2,427 | -€1,806 | -42.7% |
| Plant, machinery and equipment | 23 | €308 | €12 | -€296 | -96.1% |
| Furniture and vehicles | 24 | €3,926 | €2,415 | -€1,510 | -38.5% |
| Current assets | 29/58 | €21,593 | €20,089 | -€1,504 | -7.0% |
| Stocks and contracts in progress | 3 | €672 | €603 | -€69 | -10.3% |
| Stocks | 30/36 | €672 | €603 | -€69 | -10.3% |
| Amounts receivable within one year | 40/41 | €9,753 | €18,962 | +€9,209 | +94.4% |
| Trade receivables | 40 | €3,858 | €14,353 | +€10,495 | +272.0% |
| Other amounts receivable | 41 | €5,895 | €4,609 | -€1,286 | -21.8% |
| Cash at bank and in hand | 54/58 | €11,167 | €524 | -€10,643 | -95.3% |
| Total equity and liabilities | 10/49 | €25,826 | €22,517 | -€3,309 | -12.8% |
| Equity | 10/15 | €25,082 | €21,556 | -€3,526 | -14.1% |
| Contributions | 10/11 | €45,860 | €45,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,778 | -€24,304 | -€3,526 | -17.0% |
| Amounts payable | 17/49 | €744 | €960 | +€217 | +29.1% |
| Amounts payable within one year | 42/48 | €744 | €960 | +€217 | +29.1% |
| Trade debts | 44 | €499 | €400 | -€99 | -19.9% |
| Suppliers | 440/4 | €499 | €400 | -€99 | -19.9% |
| Taxes, remuneration and social security | 45 | €244 | €561 | +€316 | +129.4% |
| Taxes | 450/3 | €244 | €561 | +€316 | +129.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,064 | €1,806 | +€741 | +69.7% |
| Other operating charges | 640/8 | €521 | €520 | -€1 | -0.3% |
| Gross operating margin | 9900 | €1,294 | -€1,283 | -€2,578 | |
| Operating profit (loss) | 9901 | -€291 | -€3,609 | -€3,318 | -1139.3% |
| Financial income | 75/76B | €401 | €312 | -€88 | -22.0% |
| Recurring financial income | 75 | €401 | €312 | -€88 | -22.0% |
| Financial charges | 65/66B | €44 | €230 | +€186 | +427.9% |
| Recurring financial charges | 65 | €44 | €230 | +€186 | +427.9% |
| Profit (loss) for the period before taxes | 9903 | €66 | -€3,526 | -€3,592 | |
| Profit (loss) for the period | 9904 | €66 | -€3,526 | -€3,592 | |
| Profit (loss) for the period to be appropriated | 9905 | €66 | -€3,526 | -€3,592 |
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 6 October 2026 via checked.be.