TROREMA: 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.
TROREMA
Largest movements
- Current investments +€338,959
up €338,959 (+48.6%), from €697,771 to €1.0m
- Receivables within one year +€55,249
up €55,249 (+17.8%), from €310,823 to €366,073
of which Other amounts receivable: +€51,651
- Cash -€33,723
down €33,723 (-42.2%), from €79,922 to €46,199
mainly Current investments (-€338,959) and Receivables within one year (-€55,249)
- Reserves +€375,267
up €375,267 (+53.9%), from €696,493 to €1.1m
of which Distributable reserves: +€375,267
- Debts after one year -€45,480
down €45,480 (-37.2%), from €122,225 to €76,746
- Tax, wage and social debts +€34,459
up €34,459 (+65.4%), from €52,702 to €87,161
- Gross operating margin +€266,495
up €266,495 (+101.5%), from €262,633 to €529,128
- Taxes +€143,007
up €143,007 (+296.9%), from €48,166 to €191,173
- Financial income +€43,456
up €43,456 (+164.2%), from €26,472 to €69,929
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 | €1,413,863 | €1,774,766 | +€360,903 | +25.5% |
| Fixed assets | 21/28 | €324,192 | €321,716 | -€2,476 | -0.8% |
| Tangible fixed assets | 22/27 | €305,179 | €302,703 | -€2,476 | -0.8% |
| Land and buildings | 22 | €301,721 | €290,371 | -€11,350 | -3.8% |
| Plant, machinery and equipment | 23 | €1,657 | €1,344 | -€312 | -18.9% |
| Furniture and vehicles | 24 | €825 | €10,353 | +€9,529 | +1155.5% |
| Other tangible fixed assets | 26 | €977 | €634 | -€343 | -35.1% |
| Financial fixed assets | 28 | €19,013 | €19,013 | = | 0.0% |
| Current assets | 29/58 | €1,089,671 | €1,453,050 | +€363,379 | +33.3% |
| Amounts receivable within one year | 40/41 | €310,823 | €366,073 | +€55,249 | +17.8% |
| Trade receivables | 40 | €5,579 | €9,178 | +€3,598 | +64.5% |
| Other amounts receivable | 41 | €305,244 | €356,895 | +€51,651 | +16.9% |
| Current investments | 50/53 | €697,771 | €1,036,730 | +€338,959 | +48.6% |
| Cash at bank and in hand | 54/58 | €79,922 | €46,199 | -€33,723 | -42.2% |
| Deferred charges and accrued income | 490/1 | €1,155 | €4,049 | +€2,894 | +250.5% |
| Total equity and liabilities | 10/49 | €1,413,863 | €1,774,766 | +€360,903 | +25.5% |
| Equity | 10/15 | €723,094 | €1,098,361 | +€375,267 | +51.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €696,493 | €1,071,761 | +€375,267 | +53.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €694,633 | €1,069,901 | +€375,267 | +54.0% |
| Profit (loss) carried forward | 14 | €8,000 | €8,000 | = | 0.0% |
| Provisions and deferred taxes | 16 | €412,184 | €412,184 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €412,184 | €412,184 | = | 0.0% |
| Other liabilities and charges | 164/5 | €412,184 | €412,184 | = | 0.0% |
| Amounts payable | 17/49 | €278,585 | €264,221 | -€14,364 | -5.2% |
| Amounts payable after more than one year | 17 | €122,225 | €76,746 | -€45,480 | -37.2% |
| Financial debts | 170/4 | €122,225 | €76,746 | -€45,480 | -37.2% |
| Amounts payable within one year | 42/48 | €156,360 | €187,156 | +€30,797 | +19.7% |
| Financial debts | 43 | €67,357 | €77,230 | +€9,873 | +14.7% |
| Credit institutions | 430/8 | €67,357 | €68,540 | +€1,184 | +1.8% |
| Other loans | 439 | - | €8,690 | +€8,690 | |
| Trade debts | 44 | €36,301 | €22,765 | -€13,536 | -37.3% |
| Suppliers | 440/4 | €36,301 | €22,765 | -€13,536 | -37.3% |
| Taxes, remuneration and social security | 45 | €52,702 | €87,161 | +€34,459 | +65.4% |
| Taxes | 450/3 | €52,702 | €87,161 | +€34,459 | +65.4% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | - | €319 | +€319 | |
| Remuneration, social security and pensions | 62 | €233 | €824 | +€591 | +253.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,210 | €13,757 | +€1,547 | +12.7% |
| Other operating charges | 640/8 | €4,918 | €6,214 | +€1,295 | +26.3% |
| Non-recurring operating charges | 66A | €180 | €0 | -€180 | -100.0% |
| Gross operating margin | 9900 | €262,633 | €529,128 | +€266,495 | +101.5% |
| Operating profit (loss) | 9901 | €245,091 | €508,333 | +€263,242 | +107.4% |
| Financial income | 75/76B | €26,472 | €69,929 | +€43,456 | +164.2% |
| Recurring financial income | 75 | €26,472 | €69,929 | +€43,456 | +164.2% |
| Financial charges | 65/66B | €13,149 | €11,822 | -€1,327 | -10.1% |
| Recurring financial charges | 65 | €13,149 | €11,822 | -€1,327 | -10.1% |
| Profit (loss) for the period before taxes | 9903 | €258,414 | €566,440 | +€308,026 | +119.2% |
| Income taxes | 67/77 | €48,166 | €191,173 | +€143,007 | +296.9% |
| Profit (loss) for the period | 9904 | €210,249 | €375,267 | +€165,019 | +78.5% |
| Profit (loss) for the period to be appropriated | 9905 | €210,249 | €375,267 | +€165,019 | +78.5% |
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 5 October 2026 via checked.be.