TROSAN: what changed
Two financial 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.
TROSAN
Largest movements
- Tangible fixed assets -€27,896
down €27,896 (-4.1%), from €673,277 to €645,381
of which Land and buildings: -€14,921
- Debts after one year -€47,706
down €47,706 (-11.2%), from €426,320 to €378,614
of which Financial debts: -€47,706
- Reserves +€21,933
up €21,933 (+16.2%), from €135,359 to €157,291
of which Distributable reserves: +€21,933
- Short-term financial debts -€12,000
no longer reported in 2025 (was €12,000)
- Tax, wage and social debts +€8,095
up €8,095 (+66.6%), from €12,161 to €20,256
- Gross operating margin -€16,306
down €16,306 (-13.6%), from €119,746 to €103,440
- Taxes -€6,107
down €6,107 (-35.7%), from €17,110 to €11,003
- Depreciation -€3,498
down €3,498 (-7.4%), from €47,003 to €43,505
- Other operating charges +€3,430
up €3,430 (+47.9%), from €7,155 to €10,586
- Financial charges -€1,846
down €1,846 (-9.8%), from €18,903 to €17,057
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 | €750,277 | €724,447 | -€25,830 | -3.4% |
| Fixed assets | 21/28 | €674,777 | €646,881 | -€27,896 | -4.1% |
| Tangible fixed assets | 22/27 | €673,277 | €645,381 | -€27,896 | -4.1% |
| Land and buildings | 22 | €642,170 | €627,249 | -€14,921 | -2.3% |
| Furniture and vehicles | 24 | €31,107 | €18,132 | -€12,975 | -41.7% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €75,500 | €77,566 | +€2,066 | +2.7% |
| Amounts receivable within one year | 40/41 | €24,431 | €20,931 | -€3,500 | -14.3% |
| Trade receivables | 40 | €23,384 | €19,888 | -€3,496 | -15.0% |
| Other amounts receivable | 41 | €1,047 | €1,043 | -€4 | -0.4% |
| Cash at bank and in hand | 54/58 | €28,264 | €31,135 | +€2,871 | +10.2% |
| Deferred charges and accrued income | 490/1 | €22,805 | €25,500 | +€2,695 | +11.8% |
| Total equity and liabilities | 10/49 | €750,277 | €724,447 | -€25,830 | -3.4% |
| Equity | 10/15 | €215,142 | €237,075 | +€21,933 | +10.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €135,359 | €157,291 | +€21,933 | +16.2% |
| Tax-exempt reserves | 132 | €9,719 | €9,719 | = | 0.0% |
| Distributable reserves | 133 | €125,640 | €147,572 | +€21,933 | +17.5% |
| Profit (loss) carried forward | 14 | €61,183 | €61,183 | = | 0.0% |
| Provisions and deferred taxes | 16 | €3,240 | €3,240 | = | 0.0% |
| Deferred taxes | 168 | €3,240 | €3,240 | = | 0.0% |
| Amounts payable | 17/49 | €531,895 | €484,133 | -€47,762 | -9.0% |
| Amounts payable after more than one year | 17 | €426,320 | €378,614 | -€47,706 | -11.2% |
| Financial debts | 170/4 | €331,320 | €283,614 | -€47,706 | -14.4% |
| Other amounts payable | 178/9 | €95,000 | €95,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €97,909 | €98,267 | +€358 | +0.4% |
| Current portion of amounts payable after more than one year | 42 | €51,576 | €47,706 | -€3,870 | -7.5% |
| Financial debts | 43 | €12,000 | - | -€12,000 | |
| Credit institutions | 430/8 | €12,000 | - | -€12,000 | |
| Trade debts | 44 | €6,479 | €8,945 | +€2,466 | +38.1% |
| Suppliers | 440/4 | €6,479 | €8,945 | +€2,466 | +38.1% |
| Taxes, remuneration and social security | 45 | €12,161 | €20,256 | +€8,095 | +66.6% |
| Taxes | 450/3 | €12,161 | €20,256 | +€8,095 | +66.6% |
| Other amounts payable | 47/48 | €15,693 | €21,360 | +€5,667 | +36.1% |
| Accrued charges and deferred income | 492/3 | €7,667 | €7,252 | -€414 | -5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,003 | €43,505 | -€3,498 | -7.4% |
| Other operating charges | 640/8 | €7,155 | €10,586 | +€3,430 | +47.9% |
| Gross operating margin | 9900 | €119,746 | €103,440 | -€16,306 | -13.6% |
| Operating profit (loss) | 9901 | €65,588 | €49,350 | -€16,239 | -24.8% |
| Financial income | 75/76B | €1 | €643 | +€643 | +119061.1% |
| Recurring financial income | 75 | €1 | €643 | +€643 | +119061.1% |
| Financial charges | 65/66B | €18,903 | €17,057 | -€1,846 | -9.8% |
| Recurring financial charges | 65 | €18,903 | €17,057 | -€1,846 | -9.8% |
| Profit (loss) for the period before taxes | 9903 | €46,685 | €32,936 | -€13,750 | -29.5% |
| Income taxes | 67/77 | €17,110 | €11,003 | -€6,107 | -35.7% |
| Profit (loss) for the period | 9904 | €29,575 | €21,933 | -€7,643 | -25.8% |
| Profit (loss) for the period to be appropriated | 9905 | €29,575 | €21,933 | -€7,643 | -25.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.