TROTEC: 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.
What changed
TROTEC
NACE 38.210, Materials recovery from waste
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.6m
2024 · -€486,367+€2.1m
Equity
€4.8m
2024 · €4.1m+€744,375
Cash
€1.9m
2024 · €2.3m-€390,218
Balance sheet total
€24.6m
2024 · €20.1m+€4.5m
Largest movements
Assets
- Tangible fixed assets +€3.0m
up €3.0m (+49.1%), from €6.0m to €9.0m
of which Leasing and similar rights: +€2.4m
- Receivables within one year +€1.3m
up €1.3m (+46.7%), from €2.9m to €4.2m
of which Trade receivables: +€771,701
- Financial fixed assets +€799,952
up €799,952 (+18.8%), from €4.2m to €5.0m
of which Affiliated companies: +€799,752
- Cash -€390,218
down €390,218 (-17.0%), from €2.3m to €1.9m
mainly Investment in fixed assets (net) (-€5.2m) and Receivables within one year (-€1.3m)
- Stocks and contracts +€252,438
up €252,438 (+13.9%), from €1.8m to €2.1m
Equity and liabilities
- Debts after one year +€2.7m
up €2.7m (+68.2%), from €4.0m to €6.7m
of which Financial debts: +€3.7m
- Other debts +€1.6m
up €1.6m (+8954.3%), from €18,365 to €1.7m
- Provisions -€1.2m
down €1.2m (-28.6%), from €4.1m to €3.0m
of which Provisions for liabilities and charges: -€1.4m
- Investment grants +€611,441
up €611,441, from €0 to €611,441
- Trade debts +€598,678
up €598,678 (+10.4%), from €5.8m to €6.4m
Income statement
- Turnover +€2.5m
up €2.5m (+6.0%), from €40.8m to €43.3m
- Goods and materials +€1.0m
up €1.0m (+3.8%), from €27.2m to €28.2m
of which Purchases: +€883,414
- Services and other goods -€1.0m
down €1.0m (-8.3%), from €12.2m to €11.2m
- Provisions -€771,300
down €771,300 (-129.4%), from -€595,838 to -€1.4m
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.
Result 2024
-€486,367
Turnover
+€2.5m
Other operating income
-€373,905
Goods and materials
-€1.0m
Services and other goods
+€1.0m
Staff costs
+€140,973
Depreciation
-€202,325
Write-downs
+€1,620
Provisions
+€771,300
Other operating charges
-€19,300
Other operating items
-€268,425
Financial income
-€364,138
Financial charges
+€61,772
Taxes
+€645
Deferred taxes and other
-€69,937
Result 2025
€1.6m
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.
From operations
+€2.9m
Investment
-€5.2m
Financing
+€1.9m
Cash 2024
€2.3m
From operations (derived)
+€2.9m
Net result for the year
+€1.6m
Depreciation
+€1.4m
Receivables after one year
+€250,643
Stocks and contracts
-€252,438
Receivables within one year
-€1.3m
Deferred charges and accrued income
+€174,476
Provisions
-€1.2m
Trade debts
+€598,678
Tax, wage and social debts
-€19,152
Other debts
+€1.6m
Accrued charges and deferred income
-€20,095
Investment (derived)
-€5.2m
Investment in fixed assets (net)
-€5.2m
Financing
+€1.9m
Debts after one year
+€2.7m
Current portion of long-term debt
+€49,485
Contributions, distributions and other
-€888,559
Cash 2025
€1.9m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €20,062,069 | €24,586,280 | +€4.5m | +22.6% |
| Fixed assets | 21/28 | €10,266,160 | €14,021,184 | +€3.8m | +36.6% |
| Tangible fixed assets | 22/27 | €6,017,438 | €8,972,510 | +€3.0m | +49.1% |
| Plant, machinery and equipment | 23 | €1,866,457 | €2,563,262 | +€696,805 | +37.3% |
| Furniture and vehicles | 24 | €425,078 | €518,015 | +€92,937 | +21.9% |
| Leasing and similar rights | 25 | €1,804,054 | €4,178,912 | +€2.4m | +131.6% |
| Other tangible fixed assets | 26 | €693,604 | €741,839 | +€48,235 | +7.0% |
| Assets under construction and advance payments | 27 | €1,228,245 | €970,481 | -€257,764 | -21.0% |
| Financial fixed assets | 28 | €4,248,722 | €5,048,675 | +€799,952 | +18.8% |
| Affiliated companies | 280/1 | €4,243,344 | €5,043,097 | +€799,752 | +18.8% |
| Participating interests | 280 | €3,249,127 | €3,249,127 | = | 0.0% |
| Amounts receivable | 281 | €994,217 | €1,793,970 | +€799,752 | +80.4% |
| Other financial fixed assets | 284/8 | €5,378 | €5,578 | +€200 | +3.7% |
| Amounts receivable and cash guarantees | 285/8 | €5,378 | €5,578 | +€200 | +3.7% |
| Current assets | 29/58 | €9,795,909 | €10,565,095 | +€769,186 | +7.9% |
| Amounts receivable after more than one year | 29 | €2,327,745 | €2,077,102 | -€250,643 | -10.8% |
| Other amounts receivable | 291 | €2,327,745 | €2,077,102 | -€250,643 | -10.8% |
| Stocks and contracts in progress | 3 | €1,815,346 | €2,067,784 | +€252,438 | +13.9% |
| Stocks | 30/36 | €1,815,346 | €2,067,784 | +€252,438 | +13.9% |
| Raw materials and consumables | 30/31 | €1,777,029 | €2,056,481 | +€279,452 | +15.7% |
| Goods purchased for resale | 34 | €38,317 | €11,303 | -€27,014 | -70.5% |
| Amounts receivable within one year | 40/41 | €2,852,652 | €4,184,737 | +€1.3m | +46.7% |
| Trade receivables | 40 | €2,036,271 | €2,807,971 | +€771,701 | +37.9% |
| Other amounts receivable | 41 | €816,381 | €1,376,765 | +€560,384 | +68.6% |
| Current investments | 50/53 | €0 | - | = | |
| Other investments | 51/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €2,289,403 | €1,899,185 | -€390,218 | -17.0% |
| Deferred charges and accrued income | 490/1 | €510,764 | €336,287 | -€174,476 | -34.2% |
| Total equity and liabilities | 10/49 | €20,062,069 | €24,586,280 | +€4.5m | +22.6% |
| Equity | 10/15 | €4,087,889 | €4,832,265 | +€744,375 | +18.2% |
| Contributions | 10/11 | €463,980 | €463,980 | = | 0.0% |
| Capital | 10 | €463,980 | €463,980 | = | 0.0% |
| Issued capital | 100 | €463,980 | €463,980 | = | 0.0% |
| Reserves | 13 | €365,075 | €311,867 | -€53,208 | -14.6% |
| Non-distributable reserves | 130/1 | €46,398 | €46,398 | = | 0.0% |
| Legal reserve | 130 | €46,398 | €46,398 | = | 0.0% |
| Tax-exempt reserves | 132 | €318,677 | €265,469 | -€53,208 | -16.7% |
| Profit (loss) carried forward | 14 | €3,258,834 | €3,444,977 | +€186,143 | +5.7% |
| Investment grants | 15 | €0 | €611,441 | +€611,441 | |
| Provisions and deferred taxes | 16 | €4,136,711 | €2,955,649 | -€1.2m | -28.6% |
| Provisions for liabilities and charges | 160/5 | €4,052,738 | €2,685,599 | -€1.4m | -33.7% |
| Other liabilities and charges | 164/5 | €4,052,738 | €2,685,599 | -€1.4m | -33.7% |
| Deferred taxes | 168 | €83,973 | €270,050 | +€186,077 | +221.6% |
| Amounts payable | 17/49 | €11,837,469 | €16,798,366 | +€5.0m | +41.9% |
| Amounts payable after more than one year | 17 | €3,969,614 | €6,677,163 | +€2.7m | +68.2% |
| Financial debts | 170/4 | €2,969,614 | €6,677,163 | +€3.7m | +124.8% |
| Subordinated loans | 170 | €1,200,000 | €1,600,000 | +€400,000 | +33.3% |
| Leasing and similar obligations | 172 | €1,489,728 | €4,010,009 | +€2.5m | +169.2% |
| Credit institutions | 173 | €279,886 | €1,067,154 | +€787,268 | +281.3% |
| Other amounts payable | 178/9 | €1,000,000 | €0 | -€1.0m | -100.0% |
| Amounts payable within one year | 42/48 | €7,497,071 | €9,770,515 | +€2.3m | +30.3% |
| Current portion of amounts payable after more than one year | 42 | €1,278,752 | €1,328,237 | +€49,485 | +3.9% |
| Trade debts | 44 | €5,777,512 | €6,376,191 | +€598,678 | +10.4% |
| Suppliers | 440/4 | €5,777,512 | €6,376,191 | +€598,678 | +10.4% |
| Taxes, remuneration and social security | 45 | €422,442 | €403,290 | -€19,152 | -4.5% |
| Taxes | 450/3 | €2,510 | €7,551 | +€5,041 | +200.9% |
| Remuneration and social security | 454/9 | €419,933 | €395,739 | -€24,193 | -5.8% |
| Other amounts payable | 47/48 | €18,365 | €1,662,797 | +€1.6m | +8954.3% |
| Accrued charges and deferred income | 492/3 | €370,784 | €350,689 | -€20,095 | -5.4% |
| Operating income | 70/76A | €42,046,970 | €43,948,147 | +€1.9m | +4.5% |
| Turnover | 70 | €40,815,932 | €43,281,940 | +€2.5m | +6.0% |
| Other operating income | 74 | €1,036,542 | €662,637 | -€373,905 | -36.1% |
| Non-recurring operating income | 76A | €194,496 | €3,570 | -€190,926 | -98.2% |
| Operating charges | 60/66A | €42,828,400 | €42,238,618 | -€589,782 | -1.4% |
| Goods for resale, raw materials and consumables | 60 | €27,158,589 | €28,195,504 | +€1.0m | +3.8% |
| Purchases | 600/8 | €27,564,529 | €28,447,942 | +€883,414 | +3.2% |
| Change in stocks: decrease (increase) | 609 | -€405,940 | -€252,438 | +€153,501 | +37.8% |
| Services and other goods | 61 | €12,229,403 | €11,217,477 | -€1.0m | -8.3% |
| Remuneration, social security and pensions | 62 | €2,737,993 | €2,597,020 | -€140,973 | -5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,216,396 | €1,418,721 | +€202,325 | +16.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,620 | €0 | -€1,620 | -100.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€595,838 | -€1,367,139 | -€771,300 | -129.4% |
| Other operating charges | 640/8 | €80,238 | €99,538 | +€19,300 | +24.1% |
| Non-recurring operating charges | 66A | - | €77,498 | +€77,498 | |
| Operating profit (loss) | 9901 | -€781,430 | €1,709,529 | +€2.5m | |
| Financial income | 75/76B | €471,386 | €107,248 | -€364,138 | -77.2% |
| Recurring financial income | 75 | €471,386 | €107,248 | -€364,138 | -77.2% |
| Income from financial fixed assets | 750 | €52,677 | €25,094 | -€27,582 | -52.4% |
| Income from current assets | 751 | €193,203 | €76,834 | -€116,369 | -60.2% |
| Other financial income | 752/9 | €225,507 | €5,320 | -€220,187 | -97.6% |
| Financial charges | 65/66B | €260,633 | €198,861 | -€61,772 | -23.7% |
| Recurring financial charges | 65 | €260,633 | €198,861 | -€61,772 | -23.7% |
| Debt charges | 650 | €239,646 | €182,158 | -€57,488 | -24.0% |
| Other financial charges | 652/9 | €20,987 | €16,703 | -€4,284 | -20.4% |
| Profit (loss) for the period before taxes | 9903 | -€570,677 | €1,617,916 | +€2.2m | |
| Transfer from deferred taxes | 780 | €87,673 | €17,736 | -€69,937 | -79.8% |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | €3,362 | €2,717 | -€645 | -19.2% |
| Taxes | 670/3 | €3,362 | €2,717 | -€645 | -19.2% |
| Profit (loss) for the period | 9904 | -€486,367 | €1,632,935 | +€2.1m | |
| Transfer from tax-exempt reserves | 789 | €53,208 | €53,208 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | -€433,158 | €1,686,143 | +€2.1m |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.