TROUSSART MANAGEMENT: 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.
TROUSSART MANAGEMENT
Largest movements
- Tangible fixed assets -€36,806
down €36,806 (-7.4%), from €500,216 to €463,410
of which Land and buildings: -€26,644
- Cash +€35,932
up €35,932 (+302%), from €11,879 to €47,811
mainly Depreciation (+€36,806) and Other debts (+€13,962)
- Receivables within one year -€9,641
down €9,641 (-30.9%), from €31,226 to €21,585
- Other debts +€13,962
up €13,962 (+205%), from €6,823 to €20,785
- Current portion of long-term debt -€12,992
down €12,992 (-48.3%), from €26,878 to €13,886
- Debts after one year -€12,886
down €12,886 (-16.7%), from €77,150 to €64,264
of which Financial debts: -€13,886
- Gross operating margin -€8,441
down €8,441 (-16.4%), from €51,384 to €42,943
- Other operating charges -€1,988
down €1,988 (-80.8%), from €2,460 to €472
- Financial charges -€1,030
down €1,030 (-32.0%), from €3,222 to €2,192
- Depreciation -€1,021
down €1,021 (-2.7%), from €37,827 to €36,806
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 | €619,340 | €609,126 | -€10,215 | -1.6% |
| Fixed assets | 21/28 | €500,516 | €463,710 | -€36,806 | -7.4% |
| Tangible fixed assets | 22/27 | €500,216 | €463,410 | -€36,806 | -7.4% |
| Land and buildings | 22 | €488,800 | €462,155 | -€26,644 | -5.5% |
| Furniture and vehicles | 24 | €11,416 | €1,255 | -€10,161 | -89.0% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €118,824 | €145,415 | +€26,591 | +22.4% |
| Amounts receivable after more than one year | 29 | €75,280 | €75,280 | = | 0.0% |
| Trade receivables | 290 | €75,280 | €75,280 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €31,226 | €21,585 | -€9,641 | -30.9% |
| Other amounts receivable | 41 | €31,226 | €21,585 | -€9,641 | -30.9% |
| Cash at bank and in hand | 54/58 | €11,879 | €47,811 | +€35,932 | +302% |
| Deferred charges and accrued income | 490/1 | €440 | €740 | +€300 | +68.1% |
| Total equity and liabilities | 10/49 | €619,340 | €609,126 | -€10,215 | -1.6% |
| Equity | 10/15 | €465,051 | €469,906 | +€4,855 | +1.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €439,712 | €444,564 | +€4,852 | +1.1% |
| Tax-exempt reserves | 132 | €79,413 | €74,780 | -€4,633 | -5.8% |
| Distributable reserves | 133 | €360,299 | €369,784 | +€9,485 | +2.6% |
| Profit (loss) carried forward | 14 | €6,747 | €6,750 | +€3 | 0.0% |
| Provisions and deferred taxes | 16 | €40,892 | €38,506 | -€2,386 | -5.8% |
| Deferred taxes | 168 | €40,892 | €38,506 | -€2,386 | -5.8% |
| Amounts payable | 17/49 | €113,398 | €100,714 | -€12,684 | -11.2% |
| Amounts payable after more than one year | 17 | €77,150 | €64,264 | -€12,886 | -16.7% |
| Financial debts | 170/4 | €77,150 | €63,264 | -€13,886 | -18.0% |
| Other amounts payable | 178/9 | - | €1,000 | +€1,000 | |
| Amounts payable within one year | 42/48 | €36,248 | €36,450 | +€202 | +0.6% |
| Current portion of amounts payable after more than one year | 42 | €26,878 | €13,886 | -€12,992 | -48.3% |
| Financial debts | 43 | €223 | €77 | -€146 | -65.5% |
| Credit institutions | 430/8 | €223 | €77 | -€146 | -65.5% |
| Trade debts | 44 | €822 | €573 | -€249 | -30.3% |
| Suppliers | 440/4 | €822 | €573 | -€249 | -30.3% |
| Taxes, remuneration and social security | 45 | €1,502 | €1,128 | -€373 | -24.9% |
| Taxes | 450/3 | €1,502 | €1,128 | -€373 | -24.9% |
| Other amounts payable | 47/48 | €6,823 | €20,785 | +€13,962 | +205% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,827 | €36,806 | -€1,021 | -2.7% |
| Other operating charges | 640/8 | €2,460 | €472 | -€1,988 | -80.8% |
| Gross operating margin | 9900 | €51,384 | €42,943 | -€8,441 | -16.4% |
| Operating profit (loss) | 9901 | €11,097 | €5,665 | -€5,432 | -49.0% |
| Financial income | 75/76B | €11 | €136 | +€125 | +1,167% |
| Recurring financial income | 75 | €11 | €136 | +€125 | +1,167% |
| Financial charges | 65/66B | €3,222 | €2,192 | -€1,030 | -32.0% |
| Recurring financial charges | 65 | €3,222 | €2,192 | -€1,030 | -32.0% |
| Profit (loss) for the period before taxes | 9903 | €7,886 | €3,608 | -€4,277 | -54.2% |
| Transfer from deferred taxes | 780 | €2,386 | €2,386 | = | 0.0% |
| Income taxes | 67/77 | €1,503 | €1,139 | -€364 | -24.2% |
| Profit (loss) for the period | 9904 | €8,768 | €4,855 | -€3,913 | -44.6% |
| Transfer from tax-exempt reserves | 789 | €4,633 | €4,633 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €13,402 | €9,488 | -€3,913 | -29.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.