TroudyWeb.be: 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.
TroudyWeb.be
Largest movements
- Current investments +€1.4m
up €1.4m (+190%), from €725,000 to €2.1m
- Cash -€624,393
down €624,393 (-71.5%), from €872,826 to €248,432
mainly Current investments (-€1.4m) and Contributions, distributions and other (-€577,618)
- Receivables within one year +€118,996
up €118,996 (+104%), from €113,989 to €232,985
of which Other amounts receivable: +€105,770
- Tangible fixed assets -€47,144
down €47,144 (-15.9%), from €297,057 to €249,913
of which Land and buildings: -€141,831
- Other debts +€462,091
up €462,091 (+399%), from €115,829 to €577,920
- Reserves +€335,922
up €335,922 (+18.3%), from €1.8m to €2.2m
- Financial income +€655,619
up €655,619 (+264%), from €247,885 to €903,504
- Taxes +€43,225
up €43,225 (+47.8%), from €90,404 to €133,628
- Gross operating margin -€17,802
down €17,802 (-6.1%), from €293,640 to €275,837
- Staff costs -€9,165
down €9,165 (-14.5%), from €63,117 to €53,952
- Depreciation +€4,079
up €4,079 (+8.2%), from €49,774 to €53,853
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 | €3,493,363 | €4,322,211 | +€828,848 | +23.7% |
| Fixed assets | 21/28 | €1,778,912 | €1,731,768 | -€47,144 | -2.7% |
| Tangible fixed assets | 22/27 | €297,057 | €249,913 | -€47,144 | -15.9% |
| Land and buildings | 22 | €141,831 | €0 | -€141,831 | -100% |
| Plant, machinery and equipment | 23 | €14,756 | €3,803 | -€10,953 | -74.2% |
| Furniture and vehicles | 24 | €140,470 | €246,110 | +€105,640 | +75.2% |
| Financial fixed assets | 28 | €1,481,855 | €1,481,855 | = | 0.0% |
| Current assets | 29/58 | €1,714,451 | €2,590,443 | +€875,992 | +51.1% |
| Amounts receivable within one year | 40/41 | €113,989 | €232,985 | +€118,996 | +104% |
| Trade receivables | 40 | €875 | €14,101 | +€13,225 | +1,511% |
| Other amounts receivable | 41 | €113,114 | €218,884 | +€105,770 | +93.5% |
| Current investments | 50/53 | €725,000 | €2,100,000 | +€1.4m | +190% |
| Cash at bank and in hand | 54/58 | €872,826 | €248,432 | -€624,393 | -71.5% |
| Deferred charges and accrued income | 490/1 | €2,637 | €9,026 | +€6,390 | +242% |
| Total equity and liabilities | 10/49 | €3,493,363 | €4,322,211 | +€828,848 | +23.7% |
| Equity | 10/15 | €3,333,437 | €3,669,359 | +€335,922 | +10.1% |
| Contributions | 10/11 | €1,500,455 | €1,500,455 | = | 0.0% |
| Reserves | 13 | €1,832,982 | €2,168,904 | +€335,922 | +18.3% |
| Distributable reserves | 133 | €1,832,982 | €2,168,904 | +€335,922 | +18.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €159,926 | €652,852 | +€492,926 | +308% |
| Amounts payable within one year | 42/48 | €158,958 | €651,496 | +€492,537 | +310% |
| Trade debts | 44 | €213 | €14,163 | +€13,950 | +6,564% |
| Suppliers | 440/4 | €213 | €14,163 | +€13,950 | +6,564% |
| Taxes, remuneration and social security | 45 | €42,917 | €59,413 | +€16,496 | +38.4% |
| Taxes | 450/3 | €36,576 | €59,413 | +€22,837 | +62.4% |
| Remuneration and social security | 454/9 | €6,341 | €0 | -€6,341 | -100% |
| Other amounts payable | 47/48 | €115,829 | €577,920 | +€462,091 | +399% |
| Accrued charges and deferred income | 492/3 | €968 | €1,357 | +€389 | +40.2% |
| Non-recurring operating income | 76A | €20,422 | €13,519 | -€6,904 | -33.8% |
| Remuneration, social security and pensions | 62 | €63,117 | €53,952 | -€9,165 | -14.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,774 | €53,853 | +€4,079 | +8.2% |
| Other operating charges | 640/8 | €2,304 | €1,988 | -€316 | -13.7% |
| Non-recurring operating charges | 66A | - | €21,800 | +€21,800 | |
| Gross operating margin | 9900 | €293,640 | €275,837 | -€17,802 | -6.1% |
| Operating profit (loss) | 9901 | €178,444 | €144,244 | -€34,200 | -19.2% |
| Financial income | 75/76B | €247,885 | €903,504 | +€655,619 | +264% |
| Recurring financial income | 75 | €247,885 | €903,504 | +€655,619 | +264% |
| Financial charges | 65/66B | €443 | €580 | +€137 | +30.9% |
| Recurring financial charges | 65 | €443 | €580 | +€137 | +30.9% |
| Profit (loss) for the period before taxes | 9903 | €425,886 | €1,047,168 | +€621,282 | +146% |
| Income taxes | 67/77 | €90,404 | €133,628 | +€43,225 | +47.8% |
| Profit (loss) for the period | 9904 | €335,482 | €913,540 | +€578,058 | +172% |
| Profit (loss) for the period to be appropriated | 9905 | €335,482 | €913,540 | +€578,058 | +172% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.