TROUKAS: 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.
TROUKAS
Largest movements
- Cash +€1,892
up €1,892 (+82.7%), from €2,288 to €4,181
mainly Other debts (+€13,323) and Tax, wage and social debts (+€7,339)
- Tangible fixed assets -€1,252
down €1,252 (-37.2%), from €3,366 to €2,113
- Receivables within one year -€280
down €280 (-70.6%), from €397 to €117
- Profit (loss) carried forward -€19,538
down €19,538 (-26.4%), from -€73,988 to -€93,526
- Other debts +€13,323
up €13,323 (+27.0%), from €49,360 to €62,683
- Tax, wage and social debts +€7,339
up €7,339 (+46.4%), from €15,803 to €23,142
of which Taxes: +€4,346
- Trade debts -€765
down €765 (-30.9%), from €2,475 to €1,711
- Gross operating margin -€5,421
down €5,421 (-135.8%), from -€3,991 to -€9,412
- Staff costs +€2,883
up €2,883 (+189.8%), from €1,519 to €4,402
- Other operating charges -€869
down €869 (-16.4%), from €5,302 to €4,433
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 | €6,051 | €6,411 | +€360 | +5.9% |
| Fixed assets | 21/28 | €3,366 | €2,113 | -€1,252 | -37.2% |
| Tangible fixed assets | 22/27 | €3,366 | €2,113 | -€1,252 | -37.2% |
| Plant, machinery and equipment | 23 | €3,366 | €2,113 | -€1,252 | -37.2% |
| Current assets | 29/58 | €2,685 | €4,297 | +€1,612 | +60.0% |
| Amounts receivable within one year | 40/41 | €397 | €117 | -€280 | -70.6% |
| Other amounts receivable | 41 | €397 | €117 | -€280 | -70.6% |
| Cash at bank and in hand | 54/58 | €2,288 | €4,181 | +€1,892 | +82.7% |
| Total equity and liabilities | 10/49 | €6,051 | €6,411 | +€360 | +5.9% |
| Equity | 10/15 | -€61,588 | -€81,126 | -€19,538 | -31.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Contributions outside capital | 11 | €12,400 | €12,400 | = | 0.0% |
| Other | 1109/19 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€73,988 | -€93,526 | -€19,538 | -26.4% |
| Amounts payable | 17/49 | €67,639 | €87,536 | +€19,897 | +29.4% |
| Amounts payable within one year | 42/48 | €67,639 | €87,536 | +€19,897 | +29.4% |
| Trade debts | 44 | €2,475 | €1,711 | -€765 | -30.9% |
| Suppliers | 440/4 | €2,475 | €1,711 | -€765 | -30.9% |
| Taxes, remuneration and social security | 45 | €15,803 | €23,142 | +€7,339 | +46.4% |
| Taxes | 450/3 | €11,804 | €16,151 | +€4,346 | +36.8% |
| Remuneration and social security | 454/9 | €3,999 | €6,992 | +€2,993 | +74.9% |
| Other amounts payable | 47/48 | €49,360 | €62,683 | +€13,323 | +27.0% |
| Remuneration, social security and pensions | 62 | €1,519 | €4,402 | +€2,883 | +189.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,252 | €1,252 | = | 0.0% |
| Other operating charges | 640/8 | €5,302 | €4,433 | -€869 | -16.4% |
| Gross operating margin | 9900 | -€3,991 | -€9,412 | -€5,421 | -135.8% |
| Operating profit (loss) | 9901 | -€12,064 | -€19,499 | -€7,435 | -61.6% |
| Financial charges | 65/66B | €88 | €39 | -€49 | -55.7% |
| Recurring financial charges | 65 | €88 | €39 | -€49 | -55.7% |
| Profit (loss) for the period before taxes | 9903 | -€12,152 | -€19,538 | -€7,386 | -60.8% |
| Profit (loss) for the period | 9904 | -€12,152 | -€19,538 | -€7,386 | -60.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,152 | -€19,538 | -€7,386 | -60.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.