Troubadours: 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.
Troubadours
Largest movements
- Tangible fixed assets -€15,675
down €15,675 (-23.6%), from €66,485 to €50,810
of which Plant, machinery and equipment: -€17,367
- Financial fixed assets +€6,000
new in 2025: €6,000
- Cash -€4,677
down €4,677 (-12.6%), from €37,112 to €32,435
mainly Contributions, distributions and other (-€15,000) and Investment in fixed assets (net) (-€13,385)
- Stocks and contracts +€3,722
up €3,722 (+22.5%), from €16,554 to €20,276
- Receivables within one year +€1,769
up €1,769 (+105.0%), from €1,684 to €3,453
of which Trade receivables: +€1,106
- Debts after one year -€11,970
down €11,970 (-34.1%), from €35,131 to €23,161
- Profit (loss) carried forward +€6,668
up €6,668 (+15.9%), from €41,867 to €48,535
- Other debts +€5,000
up €5,000 (+50.0%), from €10,000 to €15,000
- Tax, wage and social debts -€4,924
down €4,924 (-31.7%), from €15,525 to €10,600
of which Taxes: -€5,473
- Current portion of long-term debt -€2,306
down €2,306 (-20.1%), from €11,479 to €9,173
- Gross operating margin -€45,743
down €45,743 (-35.3%), from €129,684 to €83,942
- Staff costs -€33,334
down €33,334 (-48.4%), from €68,937 to €35,604
- Taxes -€2,726
down €2,726 (-57.8%), from €4,715 to €1,989
- Financial charges -€2,002
down €2,002 (-59.4%), from €3,368 to €1,366
- Depreciation +€1,325
up €1,325 (+6.1%), from €21,736 to €23,060
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 | €124,311 | €115,743 | -€8,569 | -6.9% |
| Fixed assets | 21/28 | €66,485 | €56,810 | -€9,675 | -14.6% |
| Tangible fixed assets | 22/27 | €66,485 | €50,810 | -€15,675 | -23.6% |
| Plant, machinery and equipment | 23 | €63,291 | €45,923 | -€17,367 | -27.4% |
| Furniture and vehicles | 24 | €2,287 | €4,248 | +€1,960 | +85.7% |
| Other tangible fixed assets | 26 | €907 | €639 | -€268 | -29.5% |
| Financial fixed assets | 28 | - | €6,000 | +€6,000 | |
| Current assets | 29/58 | €57,826 | €58,933 | +€1,106 | +1.9% |
| Stocks and contracts in progress | 3 | €16,554 | €20,276 | +€3,722 | +22.5% |
| Stocks | 30/36 | €16,554 | €20,276 | +€3,722 | +22.5% |
| Amounts receivable within one year | 40/41 | €1,684 | €3,453 | +€1,769 | +105.0% |
| Trade receivables | 40 | €250 | €1,356 | +€1,106 | +442.5% |
| Other amounts receivable | 41 | €1,434 | €2,097 | +€662 | +46.2% |
| Cash at bank and in hand | 54/58 | €37,112 | €32,435 | -€4,677 | -12.6% |
| Deferred charges and accrued income | 490/1 | €2,476 | €2,768 | +€293 | +11.8% |
| Total equity and liabilities | 10/49 | €124,311 | €115,743 | -€8,569 | -6.9% |
| Equity | 10/15 | €50,867 | €57,535 | +€6,668 | +13.1% |
| Contributions | 10/11 | €9,000 | €9,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €41,867 | €48,535 | +€6,668 | +15.9% |
| Amounts payable | 17/49 | €73,444 | €58,207 | -€15,237 | -20.7% |
| Amounts payable after more than one year | 17 | €35,131 | €23,161 | -€11,970 | -34.1% |
| Financial debts | 170/4 | €35,131 | €23,161 | -€11,970 | -34.1% |
| Amounts payable within one year | 42/48 | €38,313 | €35,046 | -€3,267 | -8.5% |
| Current portion of amounts payable after more than one year | 42 | €11,479 | €9,173 | -€2,306 | -20.1% |
| Trade debts | 44 | €1,309 | €272 | -€1,037 | -79.2% |
| Suppliers | 440/4 | €1,309 | €272 | -€1,037 | -79.2% |
| Taxes, remuneration and social security | 45 | €15,525 | €10,600 | -€4,924 | -31.7% |
| Taxes | 450/3 | €11,962 | €6,489 | -€5,473 | -45.8% |
| Remuneration and social security | 454/9 | €3,563 | €4,111 | +€548 | +15.4% |
| Other amounts payable | 47/48 | €10,000 | €15,000 | +€5,000 | +50.0% |
| Remuneration, social security and pensions | 62 | €68,937 | €35,604 | -€33,334 | -48.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,736 | €23,060 | +€1,325 | +6.1% |
| Other operating charges | 640/8 | €1,560 | €1,605 | +€46 | +2.9% |
| Gross operating margin | 9900 | €129,684 | €83,942 | -€45,743 | -35.3% |
| Operating profit (loss) | 9901 | €37,452 | €23,672 | -€13,779 | -36.8% |
| Financial income | 75/76B | €239 | €1,351 | +€1,112 | +465.7% |
| Recurring financial income | 75 | €239 | €1,351 | +€1,112 | +465.7% |
| Financial charges | 65/66B | €3,368 | €1,366 | -€2,002 | -59.4% |
| Recurring financial charges | 65 | €3,368 | €1,366 | -€2,002 | -59.4% |
| Profit (loss) for the period before taxes | 9903 | €34,322 | €23,657 | -€10,665 | -31.1% |
| Income taxes | 67/77 | €4,715 | €1,989 | -€2,726 | -57.8% |
| Profit (loss) for the period | 9904 | €29,607 | €21,668 | -€7,939 | -26.8% |
| Profit (loss) for the period to be appropriated | 9905 | €29,607 | €21,668 | -€7,939 | -26.8% |
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 5 October 2026 via checked.be.