TROVATO: 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.
TROVATO
Largest movements
- Cash -€20,895
down €20,895 (-37.1%), from €56,254 to €35,358
mainly Contributions, distributions and other (-€19,433) and Net result for the year (-€15,028)
- Receivables within one year +€9,507
new in 2025: €9,507
- Stocks and contracts +€3,272
up €3,272 (+3.6%), from €89,664 to €92,936
- Reserves -€34,461
down €34,461 (-43.8%), from €78,628 to €44,166
- Other debts +€19,221
up €19,221 (+3887.8%), from €494 to €19,716
- Trade debts +€4,117
up €4,117 (+35.3%), from €11,651 to €15,768
- Tax, wage and social debts +€4,098
up €4,098 (+14.8%), from €27,715 to €31,813
of which Taxes: +€5,172
- Gross operating margin -€28,225
down €28,225 (-49.5%), from €57,001 to €28,775
- Taxes -€4,916
no longer reported in 2025 (was €4,916)
- Staff costs +€3,786
up €3,786 (+8.6%), from €44,038 to €47,824
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 | €153,488 | €146,463 | -€7,025 | -4.6% |
| Fixed assets | 21/28 | €6,775 | €6,967 | +€191 | +2.8% |
| Tangible fixed assets | 22/27 | €6,775 | €6,967 | +€191 | +2.8% |
| Plant, machinery and equipment | 23 | €6,701 | €6,967 | +€266 | +4.0% |
| Furniture and vehicles | 24 | €74 | €0 | -€74 | -100.0% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Current assets | 29/58 | €146,713 | €139,496 | -€7,217 | -4.9% |
| Stocks and contracts in progress | 3 | €89,664 | €92,936 | +€3,272 | +3.6% |
| Stocks | 30/36 | €89,664 | €92,936 | +€3,272 | +3.6% |
| Amounts receivable within one year | 40/41 | - | €9,507 | +€9,507 | |
| Other amounts receivable | 41 | - | €9,507 | +€9,507 | |
| Cash at bank and in hand | 54/58 | €56,254 | €35,358 | -€20,895 | -37.1% |
| Deferred charges and accrued income | 490/1 | €795 | €1,695 | +€900 | +113.2% |
| Total equity and liabilities | 10/49 | €153,488 | €146,463 | -€7,025 | -4.6% |
| Equity | 10/15 | €113,628 | €79,166 | -€34,461 | -30.3% |
| Contributions | 10/11 | €35,000 | €35,000 | = | 0.0% |
| Reserves | 13 | €78,628 | €44,166 | -€34,461 | -43.8% |
| Distributable reserves | 133 | €78,628 | €44,166 | -€34,461 | -43.8% |
| Amounts payable | 17/49 | €39,860 | €67,297 | +€27,436 | +68.8% |
| Amounts payable within one year | 42/48 | €39,860 | €67,297 | +€27,436 | +68.8% |
| Trade debts | 44 | €11,651 | €15,768 | +€4,117 | +35.3% |
| Suppliers | 440/4 | €11,651 | €15,768 | +€4,117 | +35.3% |
| Taxes, remuneration and social security | 45 | €27,715 | €31,813 | +€4,098 | +14.8% |
| Taxes | 450/3 | €22,598 | €27,770 | +€5,172 | +22.9% |
| Remuneration and social security | 454/9 | €5,117 | €4,043 | -€1,074 | -21.0% |
| Other amounts payable | 47/48 | €494 | €19,716 | +€19,221 | +3887.8% |
| Remuneration, social security and pensions | 62 | €44,038 | €47,824 | +€3,786 | +8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,117 | €1,502 | +€385 | +34.5% |
| Other operating charges | 640/8 | €406 | €300 | -€106 | -26.1% |
| Gross operating margin | 9900 | €57,001 | €28,775 | -€28,225 | -49.5% |
| Operating profit (loss) | 9901 | €11,440 | -€20,851 | -€32,290 | |
| Financial income | 75/76B | €7,487 | €7,303 | -€184 | -2.5% |
| Recurring financial income | 75 | €7,487 | €7,303 | -€184 | -2.5% |
| Financial charges | 65/66B | €1,590 | €1,480 | -€110 | -6.9% |
| Recurring financial charges | 65 | €1,590 | €1,480 | -€110 | -6.9% |
| Profit (loss) for the period before taxes | 9903 | €17,336 | -€15,028 | -€32,364 | |
| Income taxes | 67/77 | €4,916 | - | -€4,916 | |
| Profit (loss) for the period | 9904 | €12,420 | -€15,028 | -€27,448 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,420 | -€15,028 | -€27,448 |
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 7 October 2026 via checked.be.