Trossaert Tim: 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.
Trossaert Tim
Largest movements
- Cash +€167,075
up €167,075 (+89.4%), from €186,971 to €354,046
mainly Net result for the year (+€193,936) and Tax, wage and social debts (+€42,240)
- Receivables within one year +€67,614
up €67,614 (+89.0%), from €76,002 to €143,616
of which Trade receivables: +€63,028
- Reserves +€193,936
up €193,936 (+68.2%), from €284,192 to €478,128
- Tax, wage and social debts +€42,240
up €42,240 (+108%), from €39,266 to €81,506
of which Taxes: +€40,844
- Trade debts +€24,578
up €24,578 (+57.8%), from €42,499 to €67,077
- Debts after one year -€16,573
down €16,573 (-5.7%), from €288,957 to €272,384
- Advances received -€14,086
down €14,086 (-31.1%), from €45,348 to €31,262
- Gross operating margin +€123,174
up €123,174 (+40.8%), from €301,731 to €424,905
- Staff costs +€38,386
up €38,386 (+58.5%), from €65,638 to €104,024
- Taxes +€30,208
up €30,208 (+53.5%), from €56,508 to €86,716
- Depreciation -€12,377
down €12,377 (-30.4%), from €40,684 to €28,307
- Financial charges +€9,025
up €9,025 (+586%), from €1,539 to €10,564
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.
Derived cash bridge
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 | €729,518 | €960,223 | +€230,705 | +31.6% |
| Fixed assets | 21/28 | €455,422 | €451,059 | -€4,363 | -1.0% |
| Tangible fixed assets | 22/27 | €455,287 | €450,924 | -€4,363 | -1.0% |
| Land and buildings | 22 | €410,552 | €402,534 | -€8,018 | -2.0% |
| Plant, machinery and equipment | 23 | €26,860 | €17,466 | -€9,394 | -35.0% |
| Furniture and vehicles | 24 | €16,559 | €29,886 | +€13,327 | +80.5% |
| Other tangible fixed assets | 26 | €1,316 | €1,038 | -€278 | -21.1% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €274,096 | €509,164 | +€235,068 | +85.8% |
| Stocks and contracts in progress | 3 | €7,660 | €7,335 | -€325 | -4.2% |
| Stocks | 30/36 | €7,660 | €7,335 | -€325 | -4.2% |
| Amounts receivable within one year | 40/41 | €76,002 | €143,616 | +€67,614 | +89.0% |
| Trade receivables | 40 | €75,914 | €138,942 | +€63,028 | +83.0% |
| Other amounts receivable | 41 | €88 | €4,674 | +€4,586 | +5,211% |
| Cash at bank and in hand | 54/58 | €186,971 | €354,046 | +€167,075 | +89.4% |
| Deferred charges and accrued income | 490/1 | €3,464 | €4,168 | +€704 | +20.3% |
| Total equity and liabilities | 10/49 | €729,518 | €960,223 | +€230,705 | +31.6% |
| Equity | 10/15 | €296,646 | €490,582 | +€193,936 | +65.4% |
| Contributions | 10/11 | €12,453 | €12,453 | +€0 | 0.0% |
| Reserves | 13 | €284,192 | €478,128 | +€193,936 | +68.2% |
| Distributable reserves | 133 | €284,192 | €478,128 | +€193,936 | +68.2% |
| Amounts payable | 17/49 | €432,872 | €469,642 | +€36,770 | +8.5% |
| Amounts payable after more than one year | 17 | €288,957 | €272,384 | -€16,573 | -5.7% |
| Financial debts | 170/4 | €288,957 | €272,384 | -€16,573 | -5.7% |
| Amounts payable within one year | 42/48 | €143,359 | €196,506 | +€53,147 | +37.1% |
| Current portion of amounts payable after more than one year | 42 | €16,043 | €16,572 | +€529 | +3.3% |
| Trade debts | 44 | €42,499 | €67,077 | +€24,578 | +57.8% |
| Suppliers | 440/4 | €42,499 | €67,077 | +€24,578 | +57.8% |
| Advances received on contracts in progress | 46 | €45,348 | €31,262 | -€14,086 | -31.1% |
| Taxes, remuneration and social security | 45 | €39,266 | €81,506 | +€42,240 | +108% |
| Taxes | 450/3 | €30,185 | €71,029 | +€40,844 | +135% |
| Remuneration and social security | 454/9 | €9,080 | €10,478 | +€1,398 | +15.4% |
| Other amounts payable | 47/48 | €204 | €87 | -€117 | -57.1% |
| Accrued charges and deferred income | 492/3 | €556 | €752 | +€196 | +35.2% |
| Remuneration, social security and pensions | 62 | €65,638 | €104,024 | +€38,386 | +58.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,684 | €28,307 | -€12,377 | -30.4% |
| Other operating charges | 640/8 | €4,193 | €3,806 | -€387 | -9.2% |
| Gross operating margin | 9900 | €301,731 | €424,905 | +€123,174 | +40.8% |
| Operating profit (loss) | 9901 | €191,216 | €288,768 | +€97,552 | +51.0% |
| Financial income | 75/76B | €815 | €2,448 | +€1,633 | +200% |
| Recurring financial income | 75 | €815 | €2,448 | +€1,633 | +200% |
| Financial charges | 65/66B | €1,539 | €10,564 | +€9,025 | +586% |
| Recurring financial charges | 65 | €1,539 | €10,564 | +€9,025 | +586% |
| Profit (loss) for the period before taxes | 9903 | €190,492 | €280,652 | +€90,160 | +47.3% |
| Income taxes | 67/77 | €56,508 | €86,716 | +€30,208 | +53.5% |
| Profit (loss) for the period | 9904 | €133,984 | €193,936 | +€59,952 | +44.7% |
| Profit (loss) for the period to be appropriated | 9905 | €133,984 | €193,936 | +€59,952 | +44.7% |
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 24 October 2026 via checked.be.