TROTTEL: 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.
TROTTEL
Largest movements
- Tangible fixed assets +€45,842
up €45,842 (+905.1%), from €5,065 to €50,906
of which Furniture and vehicles: +€47,853
- Receivables within one year +€22,151
up €22,151 (+149.0%), from €14,868 to €37,019
of which Trade receivables: +€22,126
- Cash +€9,175
up €9,175 (+4.6%), from €199,265 to €208,439
mainly Net result for the year (+€60,107) and Tax, wage and social debts (+€16,955)
- Reserves +€60,107
up €60,107 (+26.5%), from €227,022 to €287,129
- Tax, wage and social debts +€16,955
up €16,955 (+91.2%), from €18,596 to €35,552
of which Taxes: +€16,712
- Gross operating margin +€50,430
up €50,430 (+63.2%), from €79,788 to €130,218
- Taxes +€20,167
up €20,167 (+153.3%), from €13,157 to €33,324
- Depreciation -€3,890
down €3,890 (-38.4%), from €10,141 to €6,251
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 | €253,968 | €330,597 | +€76,629 | +30.2% |
| Fixed assets | 21/28 | €5,290 | €51,131 | +€45,842 | +866.6% |
| Tangible fixed assets | 22/27 | €5,065 | €50,906 | +€45,842 | +905.1% |
| Land and buildings | 22 | €662 | €169 | -€493 | -74.5% |
| Plant, machinery and equipment | 23 | €2,295 | €776 | -€1,519 | -66.2% |
| Furniture and vehicles | 24 | €2,108 | €49,962 | +€47,853 | +2269.7% |
| Financial fixed assets | 28 | €225 | €225 | = | 0.0% |
| Current assets | 29/58 | €248,678 | €279,465 | +€30,787 | +12.4% |
| Amounts receivable within one year | 40/41 | €14,868 | €37,019 | +€22,151 | +149.0% |
| Trade receivables | 40 | €13,178 | €35,304 | +€22,126 | +167.9% |
| Other amounts receivable | 41 | €1,690 | €1,715 | +€25 | +1.5% |
| Current investments | 50/53 | €31,672 | €31,672 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €199,265 | €208,439 | +€9,175 | +4.6% |
| Deferred charges and accrued income | 490/1 | €2,874 | €2,335 | -€538 | -18.7% |
| Total equity and liabilities | 10/49 | €253,968 | €330,597 | +€76,629 | +30.2% |
| Equity | 10/15 | €233,222 | €293,329 | +€60,107 | +25.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €227,022 | €287,129 | +€60,107 | +26.5% |
| Distributable reserves | 133 | €227,022 | €287,129 | +€60,107 | +26.5% |
| Amounts payable | 17/49 | €20,746 | €37,268 | +€16,522 | +79.6% |
| Amounts payable within one year | 42/48 | €20,746 | €37,268 | +€16,522 | +79.6% |
| Trade debts | 44 | €2,150 | €1,716 | -€433 | -20.2% |
| Suppliers | 440/4 | €2,150 | €1,716 | -€433 | -20.2% |
| Taxes, remuneration and social security | 45 | €18,596 | €35,552 | +€16,955 | +91.2% |
| Taxes | 450/3 | €13,730 | €30,441 | +€16,712 | +121.7% |
| Remuneration and social security | 454/9 | €4,866 | €5,110 | +€244 | +5.0% |
| Non-recurring operating income | 76A | - | €8,595 | +€8,595 | |
| Remuneration, social security and pensions | 62 | €26,404 | €27,242 | +€838 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,141 | €6,251 | -€3,890 | -38.4% |
| Other operating charges | 640/8 | €1,721 | €1,949 | +€228 | +13.2% |
| Gross operating margin | 9900 | €79,788 | €130,218 | +€50,430 | +63.2% |
| Operating profit (loss) | 9901 | €41,522 | €94,776 | +€53,254 | +128.3% |
| Financial income | 75/76B | €1,114 | €10 | -€1,104 | -99.1% |
| Recurring financial income | 75 | €217 | €10 | -€207 | -95.4% |
| Non-recurring financial income | 76B | €897 | €0 | -€897 | -100.0% |
| Financial charges | 65/66B | €723 | €1,355 | +€632 | +87.5% |
| Recurring financial charges | 65 | €723 | €1,355 | +€632 | +87.5% |
| Profit (loss) for the period before taxes | 9903 | €41,913 | €93,431 | +€51,517 | +122.9% |
| Income taxes | 67/77 | €13,157 | €33,324 | +€20,167 | +153.3% |
| Profit (loss) for the period | 9904 | €28,757 | €60,107 | +€31,350 | +109.0% |
| Profit (loss) for the period to be appropriated | 9905 | €28,757 | €60,107 | +€31,350 | +109.0% |
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 8 October 2026 via checked.be.