TROUBLEYN/JAN FABRE: what changed
TROUBLEYN/JAN FABRE
Largest movements
- Current investments -€700,000
down €700,000 (-63.6%), from €1.1m to €400,063
- Cash +€122,713
up €122,713 (+119%), from €102,875 to €225,588
mainly Current investments (+€700,000) and Receivables within one year (+€70,396)
- Receivables within one year -€70,396
down €70,396 (-54.9%), from €128,160 to €57,764
of which Trade receivables: -€85,466
- Deferred charges and accrued income +€20,678
up €20,678 (+3,245%), from €637 to €21,315
- Tangible fixed assets -€16,470
down €16,470 (-39.4%), from €41,789 to €25,320
of which Land and buildings: -€13,947
- Accrued charges and deferred income -€429,336
down €429,336 (-63.6%), from €675,433 to €246,097
- Profit (loss) carried forward -€227,378
down €227,378, from €204,238 to -€23,139
- Trade debts +€17,386
up €17,386 (+277%), from €6,271 to €23,656
- Gross operating margin -€169,728
down €169,728 (-51.4%), from €329,947 to €160,219
- Staff costs -€33,678
down €33,678 (-8.2%), from €408,417 to €374,739
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,373,626 | €730,151 | -€643,475 | -46.8% |
| Fixed assets | 21/28 | €41,889 | €25,420 | -€16,470 | -39.3% |
| Tangible fixed assets | 22/27 | €41,789 | €25,320 | -€16,470 | -39.4% |
| Land and buildings | 22 | €39,209 | €25,263 | -€13,947 | -35.6% |
| Plant, machinery and equipment | 23 | €2,580 | €57 | -€2,523 | -97.8% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €1,331,736 | €704,731 | -€627,006 | -47.1% |
| Amounts receivable within one year | 40/41 | €128,160 | €57,764 | -€70,396 | -54.9% |
| Trade receivables | 40 | €128,160 | €42,694 | -€85,466 | -66.7% |
| Other amounts receivable | 41 | - | €15,070 | +€15,070 | |
| Current investments | 50/53 | €1,100,063 | €400,063 | -€700,000 | -63.6% |
| Cash at bank and in hand | 54/58 | €102,875 | €225,588 | +€122,713 | +119% |
| Deferred charges and accrued income | 490/1 | €637 | €21,315 | +€20,678 | +3,245% |
| Total equity and liabilities | 10/49 | €1,373,626 | €730,151 | -€643,475 | -46.8% |
| Equity | 10/15 | €204,238 | -€23,139 | -€227,378 | |
| Profit (loss) carried forward | 14 | €204,238 | -€23,139 | -€227,378 | |
| Provisions and deferred taxes | 16 | €450,000 | €450,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €450,000 | €450,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €450,000 | €450,000 | = | 0.0% |
| Amounts payable | 17/49 | €719,387 | €303,290 | -€416,097 | -57.8% |
| Amounts payable within one year | 42/48 | €43,954 | €57,193 | +€13,239 | +30.1% |
| Trade debts | 44 | €6,271 | €23,656 | +€17,386 | +277% |
| Suppliers | 440/4 | €6,271 | €23,656 | +€17,386 | +277% |
| Taxes, remuneration and social security | 45 | €37,684 | €33,537 | -€4,147 | -11.0% |
| Taxes | 450/3 | €1,312 | - | -€1,312 | |
| Remuneration and social security | 454/9 | €36,371 | €33,537 | -€2,835 | -7.8% |
| Accrued charges and deferred income | 492/3 | €675,433 | €246,097 | -€429,336 | -63.6% |
| Remuneration, social security and pensions | 62 | €408,417 | €374,739 | -€33,678 | -8.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,583 | €16,470 | -€2,113 | -11.4% |
| Other operating charges | 640/8 | €7,207 | €7,608 | +€401 | +5.6% |
| Gross operating margin | 9900 | €329,947 | €160,219 | -€169,728 | -51.4% |
| Operating profit (loss) | 9901 | -€104,259 | -€238,597 | -€134,338 | -129% |
| Financial income | 75/76B | €11,347 | €12,121 | +€775 | +6.8% |
| Recurring financial income | 75 | €11,347 | €12,121 | +€775 | +6.8% |
| Financial charges | 65/66B | €1,115 | €902 | -€213 | -19.1% |
| Recurring financial charges | 65 | €1,115 | €902 | -€213 | -19.1% |
| Profit (loss) for the period before taxes | 9903 | -€94,028 | -€227,378 | -€133,350 | -142% |
| Profit (loss) for the period | 9904 | -€94,028 | -€227,378 | -€133,350 | -142% |
| Profit (loss) for the period to be appropriated | 9905 | -€94,028 | -€227,378 | -€133,350 | -142% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.