TROPOS-AR: what changed
What changed
TROPOS-AR
NACE 63.920, Other information service activities
filed annual accounts (NBB)
Net result for the year
-€284,160
2024 · -€172,811-€111,348
Equity
€2.9m
2024 · €3.2m-€284,160
Cash
€32,893
2024 · €1,129+€31,764
Balance sheet total
€3.4m
2024 · €3.4m-€12,084
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Profit (loss) carried forward -€284,160
down €284,160 (-37.1%), from -€765,521 to -€1.0m
- Debts after one year +€198,480
up €198,480 (+873%), from €22,730 to €221,210
- Trade debts +€55,904
up €55,904 (+83.9%), from €66,659 to €122,563
Income statement
- Gross operating margin -€66,801
down €66,801 (-901%), from -€7,413 to -€74,213
- Depreciation +€29,381
up €29,381 (+19.9%), from €147,898 to €177,279
- Staff costs +€9,048
new in 2025: €9,048
- Financial charges +€3,572
up €3,572 (+114%), from €3,144 to €6,716
- Other operating charges +€2,623
up €2,623 (+18.3%), from €14,357 to €16,980
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.
Result 2024
-€172,811
Gross operating margin
-€66,801
Staff costs
-€9,048
Depreciation
-€29,381
Other operating charges
-€2,623
Financial income
+€77
Financial charges
-€3,572
Result 2025
-€284,160
raises the resultlowers the result
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.
From operations
-€20,093
Investment
-€144,035
Financing
+€195,892
Cash 2024
€1,129
From operations (derived)
-€20,093
Net result for the year
-€284,160
Depreciation
+€177,279
Receivables within one year
+€10,604
Trade debts
+€55,904
Tax, wage and social debts
+€3,732
Other debts
+€16,547
Investment (derived)
-€144,035
Investment in fixed assets (net)
-€144,035
Financing
+€195,892
Debts after one year
+€198,480
Short-term financial debts
-€2,588
Cash 2025
€32,893
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,444,881 | €3,432,797 | -€12,084 | -0.4% |
| Formation expenses | 20 | €6,098 | €491 | -€5,607 | -91.9% |
| Fixed assets | 21/28 | €3,417,863 | €3,390,226 | -€27,637 | -0.8% |
| Intangible fixed assets | 21 | €415,542 | €388,326 | -€27,216 | -6.5% |
| Tangible fixed assets | 22/27 | €421 | €0 | -€421 | -100% |
| Furniture and vehicles | 24 | €421 | €0 | -€421 | -100% |
| Financial fixed assets | 28 | €3,001,900 | €3,001,900 | = | 0.0% |
| Current assets | 29/58 | €20,919 | €42,080 | +€21,160 | +101% |
| Amounts receivable within one year | 40/41 | €19,791 | €9,187 | -€10,604 | -53.6% |
| Trade receivables | 40 | €18,131 | €9,187 | -€8,944 | -49.3% |
| Other amounts receivable | 41 | €1,660 | €0 | -€1,660 | -100% |
| Cash at bank and in hand | 54/58 | €1,129 | €32,893 | +€31,764 | +2,814% |
| Total equity and liabilities | 10/49 | €3,444,881 | €3,432,797 | -€12,084 | -0.4% |
| Equity | 10/15 | €3,209,156 | €2,924,997 | -€284,160 | -8.9% |
| Contributions | 10/11 | €981,277 | €981,277 | = | 0.0% |
| Revaluation surpluses | 12 | €2,993,400 | €2,993,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€765,521 | -€1,049,681 | -€284,160 | -37.1% |
| Amounts payable | 17/49 | €235,724 | €507,800 | +€272,076 | +115% |
| Amounts payable after more than one year | 17 | €22,730 | €221,210 | +€198,480 | +873% |
| Financial debts | 170/4 | €22,730 | €221,210 | +€198,480 | +873% |
| Amounts payable within one year | 42/48 | €212,994 | €286,590 | +€73,596 | +34.6% |
| Financial debts | 43 | €2,588 | €0 | -€2,588 | -100% |
| Other loans | 439 | €2,588 | €0 | -€2,588 | -100% |
| Trade debts | 44 | €66,659 | €122,563 | +€55,904 | +83.9% |
| Suppliers | 440/4 | €66,659 | €122,563 | +€55,904 | +83.9% |
| Advances received on contracts in progress | 46 | €8,625 | €8,625 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €13,687 | €17,419 | +€3,732 | +27.3% |
| Taxes | 450/3 | €1,501 | €14,784 | +€13,283 | +885% |
| Remuneration and social security | 454/9 | €12,186 | €2,635 | -€9,551 | -78.4% |
| Other amounts payable | 47/48 | €121,435 | €137,982 | +€16,547 | +13.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | - | €9,048 | +€9,048 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €147,898 | €177,279 | +€29,381 | +19.9% |
| Other operating charges | 640/8 | €14,357 | €16,980 | +€2,623 | +18.3% |
| Gross operating margin | 9900 | -€7,413 | -€74,213 | -€66,801 | -901% |
| Operating profit (loss) | 9901 | -€169,667 | -€277,521 | -€107,853 | -63.6% |
| Financial income | 75/76B | €0 | €77 | +€77 | +255,933% |
| Recurring financial income | 75 | €0 | €77 | +€77 | +255,933% |
| Financial charges | 65/66B | €3,144 | €6,716 | +€3,572 | +114% |
| Recurring financial charges | 65 | €3,144 | €6,716 | +€3,572 | +114% |
| Profit (loss) for the period before taxes | 9903 | -€172,811 | -€284,160 | -€111,348 | -64.4% |
| Profit (loss) for the period | 9904 | -€172,811 | -€284,160 | -€111,348 | -64.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€172,811 | -€284,160 | -€111,348 | -64.4% |
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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 1 November 2026 via checked.be.