TROTTOIR: 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.
TROTTOIR
Largest movements
- Receivables within one year +€19,128
up €19,128 (+47.8%), from €40,017 to €59,146
of which Trade receivables: +€10,291
- Financial fixed assets -€17,273
down €17,273 (-24.2%), from €71,294 to €54,021
- Tangible fixed assets -€9,472
down €9,472 (-17.8%), from €53,245 to €43,773
of which Furniture and vehicles: -€10,274
- Cash +€7,225
up €7,225 (+17.1%), from €42,288 to €49,513
mainly Net result for the year (+€24,283) and Investment in fixed assets (net) (+€14,382)
- Deferred charges and accrued income +€3,977
new in 2025: €3,977
- Reserves +€30,321
up €30,321 (+23.7%), from €127,957 to €158,278
- Debts after one year -€16,014
down €16,014 (-42.1%), from €38,051 to €22,036
- Current portion of long-term debt -€8,544
down €8,544 (-34.6%), from €24,713 to €16,168
- Profit (loss) carried forward -€6,038
down €6,038 (-99.9%), from €6,041 to €3
- Tax, wage and social debts +€4,347
new in 2025: €4,347
- Other operating charges +€10,532
up €10,532 (+1,689%), from €623 to €11,155
- Depreciation +€8,866
up €8,866 (+253%), from €3,498 to €12,363
- Taxes -€6,786
down €6,786 (-66.9%), from €10,142 to €3,356
- Financial income +€5,173
up €5,173 (+17.0%), from €30,373 to €35,546
- Gross operating margin -€2,860
down €2,860 (-13.7%), from €20,812 to €17,952
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 | €206,845 | €210,429 | +€3,584 | +1.7% |
| Fixed assets | 21/28 | €124,539 | €97,794 | -€26,745 | -21.5% |
| Tangible fixed assets | 22/27 | €53,245 | €43,773 | -€9,472 | -17.8% |
| Plant, machinery and equipment | 23 | €3,746 | €4,548 | +€802 | +21.4% |
| Furniture and vehicles | 24 | €49,500 | €39,226 | -€10,274 | -20.8% |
| Financial fixed assets | 28 | €71,294 | €54,021 | -€17,273 | -24.2% |
| Current assets | 29/58 | €82,306 | €112,635 | +€30,329 | +36.8% |
| Amounts receivable within one year | 40/41 | €40,017 | €59,146 | +€19,128 | +47.8% |
| Trade receivables | 40 | €1,667 | €11,958 | +€10,291 | +617% |
| Other amounts receivable | 41 | €38,350 | €47,188 | +€8,837 | +23.0% |
| Cash at bank and in hand | 54/58 | €42,288 | €49,513 | +€7,225 | +17.1% |
| Deferred charges and accrued income | 490/1 | - | €3,977 | +€3,977 | |
| Total equity and liabilities | 10/49 | €206,845 | €210,429 | +€3,584 | +1.7% |
| Equity | 10/15 | €140,198 | €164,481 | +€24,283 | +17.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €127,957 | €158,278 | +€30,321 | +23.7% |
| Distributable reserves | 133 | €127,957 | €158,278 | +€30,321 | +23.7% |
| Profit (loss) carried forward | 14 | €6,041 | €3 | -€6,038 | -99.9% |
| Amounts payable | 17/49 | €66,647 | €45,948 | -€20,699 | -31.1% |
| Amounts payable after more than one year | 17 | €38,051 | €22,036 | -€16,014 | -42.1% |
| Financial debts | 170/4 | €38,051 | €22,036 | -€16,014 | -42.1% |
| Amounts payable within one year | 42/48 | €28,597 | €23,912 | -€4,685 | -16.4% |
| Current portion of amounts payable after more than one year | 42 | €24,713 | €16,168 | -€8,544 | -34.6% |
| Trade debts | 44 | €3,884 | €3,396 | -€488 | -12.6% |
| Suppliers | 440/4 | €3,884 | €3,396 | -€488 | -12.6% |
| Taxes, remuneration and social security | 45 | - | €4,347 | +€4,347 | |
| Taxes | 450/3 | - | €4,347 | +€4,347 | |
| Non-recurring operating income | 76A | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,498 | €12,363 | +€8,866 | +253% |
| Other operating charges | 640/8 | €623 | €11,155 | +€10,532 | +1,689% |
| Gross operating margin | 9900 | €20,812 | €17,952 | -€2,860 | -13.7% |
| Operating profit (loss) | 9901 | €16,691 | -€5,566 | -€22,257 | |
| Financial income | 75/76B | €30,373 | €35,546 | +€5,173 | +17.0% |
| Recurring financial income | 75 | €30,373 | €35,546 | +€5,173 | +17.0% |
| Financial charges | 65/66B | €1,239 | €2,341 | +€1,102 | +89.0% |
| Recurring financial charges | 65 | €1,239 | €2,341 | +€1,102 | +89.0% |
| Profit (loss) for the period before taxes | 9903 | €45,825 | €27,639 | -€18,186 | -39.7% |
| Income taxes | 67/77 | €10,142 | €3,356 | -€6,786 | -66.9% |
| Profit (loss) for the period | 9904 | €35,683 | €24,283 | -€11,399 | -31.9% |
| Profit (loss) for the period to be appropriated | 9905 | €35,683 | €24,283 | -€11,399 | -31.9% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.