TROPICANA: what changed
TROPICANA
Largest movements
- Stocks and contracts -€20,000
down €20,000 (-33.3%), from €60,000 to €40,000
- Cash -€12,164
down €12,164 (-47.0%), from €25,894 to €13,730
mainly Trade debts (-€30,801) and Other debts (-€13,439)
- Receivables within one year -€3,839
down €3,839 (-6.3%), from €61,208 to €57,369
of which Trade receivables: -€3,271
- Tangible fixed assets -€2,269
down €2,269 (-62.1%), from €3,652 to €1,383
of which Furniture and vehicles: -€2,066
- Deferred charges and accrued income -€2,148
down €2,148 (-33.3%), from €6,446 to €4,298
- Trade debts -€30,801
down €30,801 (-85.0%), from €36,247 to €5,446
- Other debts -€13,439
down €13,439 (-20.3%), from €66,172 to €52,733
- Accrued charges and deferred income +€3,009
up €3,009 (+68.8%), from €4,375 to €7,384
- Gross operating margin -€2,280
down €2,280 (-26.1%), from €8,741 to €6,461
- Financial income +€815
new in 2025: €815
- Financial charges -€737
down €737 (-17.1%), from €4,320 to €3,583
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €157,499 | €117,079 | -€40,420 | -25.7% |
| Fixed assets | 21/28 | €3,951 | €1,682 | -€2,269 | -57.4% |
| Tangible fixed assets | 22/27 | €3,652 | €1,383 | -€2,269 | -62.1% |
| Plant, machinery and equipment | 23 | €1,586 | €1,383 | -€203 | -12.8% |
| Furniture and vehicles | 24 | €2,066 | - | -€2,066 | |
| Financial fixed assets | 28 | €299 | €299 | = | 0.0% |
| Current assets | 29/58 | €153,548 | €115,397 | -€38,151 | -24.8% |
| Stocks and contracts in progress | 3 | €60,000 | €40,000 | -€20,000 | -33.3% |
| Contracts in progress | 37 | €60,000 | €40,000 | -€20,000 | -33.3% |
| Amounts receivable within one year | 40/41 | €61,208 | €57,369 | -€3,839 | -6.3% |
| Trade receivables | 40 | €60,640 | €57,369 | -€3,271 | -5.4% |
| Other amounts receivable | 41 | €568 | - | -€568 | |
| Cash at bank and in hand | 54/58 | €25,894 | €13,730 | -€12,164 | -47.0% |
| Deferred charges and accrued income | 490/1 | €6,446 | €4,298 | -€2,148 | -33.3% |
| Total equity and liabilities | 10/49 | €157,499 | €117,079 | -€40,420 | -25.7% |
| Equity | 10/15 | €50,154 | €51,178 | +€1,024 | +2.0% |
| Contributions | 10/11 | €40,300 | €40,300 | = | 0.0% |
| Capital | 10 | €40,300 | €40,300 | = | 0.0% |
| Issued capital | 100 | €40,300 | €40,300 | = | 0.0% |
| Reserves | 13 | €14,883 | €14,883 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,030 | €4,030 | = | 0.0% |
| Legal reserve | 130 | €4,030 | €4,030 | = | 0.0% |
| Distributable reserves | 133 | €10,853 | €10,853 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,029 | -€4,005 | +€1,024 | +20.4% |
| Amounts payable | 17/49 | €107,345 | €65,901 | -€41,444 | -38.6% |
| Amounts payable within one year | 42/48 | €102,970 | €58,517 | -€44,453 | -43.2% |
| Trade debts | 44 | €36,247 | €5,446 | -€30,801 | -85.0% |
| Suppliers | 440/4 | €36,247 | €5,446 | -€30,801 | -85.0% |
| Taxes, remuneration and social security | 45 | €551 | €338 | -€213 | -38.7% |
| Taxes | 450/3 | €551 | €338 | -€213 | -38.7% |
| Other amounts payable | 47/48 | €66,172 | €52,733 | -€13,439 | -20.3% |
| Accrued charges and deferred income | 492/3 | €4,375 | €7,384 | +€3,009 | +68.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,269 | €2,269 | = | 0.0% |
| Other operating charges | 640/8 | €409 | €400 | -€9 | -2.2% |
| Gross operating margin | 9900 | €8,741 | €6,461 | -€2,280 | -26.1% |
| Operating profit (loss) | 9901 | €6,063 | €3,792 | -€2,271 | -37.5% |
| Financial income | 75/76B | - | €815 | +€815 | |
| Recurring financial income | 75 | - | €815 | +€815 | |
| Financial charges | 65/66B | €4,320 | €3,583 | -€737 | -17.1% |
| Recurring financial charges | 65 | €4,320 | €3,583 | -€737 | -17.1% |
| Profit (loss) for the period before taxes | 9903 | €1,743 | €1,024 | -€719 | -41.3% |
| Profit (loss) for the period | 9904 | €1,743 | €1,024 | -€719 | -41.3% |
| Profit (loss) for the period to be appropriated | 9905 | €1,743 | €1,024 | -€719 | -41.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.