TroviSolvon: 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.
TroviSolvon
Largest movements
- Current investments +€30,399
up €30,399 (+25.2%), from €120,404 to €150,803
- Tangible fixed assets -€10,959
down €10,959 (-41.0%), from €26,751 to €15,793
- Cash -€8,270
down €8,270 (-17.2%), from €48,149 to €39,879
mainly Current investments (-€30,399) and Contributions, distributions and other (-€20,000)
- Other debts +€20,082
up €20,082 (+15,472%), from €130 to €20,211
- Tax, wage and social debts -€7,253
down €7,253 (-60.2%), from €12,053 to €4,801
- Current portion of long-term debt -€5,134
no longer reported in 2025 (was €5,134)
- Reserves +€3,580
up €3,580 (+1.8%), from €201,772 to €205,352
- Gross operating margin -€42,911
down €42,911 (-50.1%), from €85,599 to €42,688
- Taxes -€12,584
down €12,584 (-62.7%), from €20,083 to €7,499
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 | €220,059 | €231,505 | +€11,445 | +5.2% |
| Fixed assets | 21/28 | €26,776 | €15,818 | -€10,959 | -40.9% |
| Tangible fixed assets | 22/27 | €26,751 | €15,793 | -€10,959 | -41.0% |
| Furniture and vehicles | 24 | €26,751 | €15,793 | -€10,959 | -41.0% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €193,283 | €215,687 | +€22,404 | +11.6% |
| Amounts receivable within one year | 40/41 | €20,801 | €21,425 | +€624 | +3.0% |
| Trade receivables | 40 | €16,728 | €8,775 | -€7,953 | -47.5% |
| Other amounts receivable | 41 | €4,073 | €12,650 | +€8,577 | +211% |
| Current investments | 50/53 | €120,404 | €150,803 | +€30,399 | +25.2% |
| Cash at bank and in hand | 54/58 | €48,149 | €39,879 | -€8,270 | -17.2% |
| Deferred charges and accrued income | 490/1 | €3,929 | €3,580 | -€348 | -8.9% |
| Total equity and liabilities | 10/49 | €220,059 | €231,505 | +€11,445 | +5.2% |
| Equity | 10/15 | €201,772 | €205,352 | +€3,580 | +1.8% |
| Reserves | 13 | €201,772 | €205,352 | +€3,580 | +1.8% |
| Distributable reserves | 133 | €201,772 | €205,352 | +€3,580 | +1.8% |
| Amounts payable | 17/49 | €18,288 | €26,153 | +€7,865 | +43.0% |
| Amounts payable within one year | 42/48 | €18,266 | €26,153 | +€7,887 | +43.2% |
| Current portion of amounts payable after more than one year | 42 | €5,134 | - | -€5,134 | |
| Trade debts | 44 | €948 | €1,141 | +€193 | +20.4% |
| Suppliers | 440/4 | €948 | €1,141 | +€193 | +20.4% |
| Taxes, remuneration and social security | 45 | €12,053 | €4,801 | -€7,253 | -60.2% |
| Taxes | 450/3 | €12,053 | €4,801 | -€7,253 | -60.2% |
| Other amounts payable | 47/48 | €130 | €20,211 | +€20,082 | +15,472% |
| Accrued charges and deferred income | 492/3 | €22 | - | -€22 | |
| Non-recurring operating income | 76A | €6,991 | - | -€6,991 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,959 | €10,959 | = | 0.0% |
| Other operating charges | 640/8 | €1,071 | €976 | -€95 | -8.9% |
| Gross operating margin | 9900 | €85,599 | €42,688 | -€42,911 | -50.1% |
| Operating profit (loss) | 9901 | €73,569 | €30,753 | -€42,816 | -58.2% |
| Financial income | 75/76B | €332 | €571 | +€239 | +72.2% |
| Recurring financial income | 75 | €332 | €571 | +€239 | +72.2% |
| Financial charges | 65/66B | €424 | €245 | -€179 | -42.2% |
| Recurring financial charges | 65 | €424 | €245 | -€179 | -42.2% |
| Profit (loss) for the period before taxes | 9903 | €73,477 | €31,079 | -€42,398 | -57.7% |
| Income taxes | 67/77 | €20,083 | €7,499 | -€12,584 | -62.7% |
| Profit (loss) for the period | 9904 | €53,394 | €23,580 | -€29,814 | -55.8% |
| Profit (loss) for the period to be appropriated | 9905 | €53,394 | €23,580 | -€29,814 | -55.8% |
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 17 October 2026 via checked.be.