TROX Belgium: 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.
What changed
TROX Belgium
NACE 43.222, Installation of electric heating, air conditioning, cooling and ventilation
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
€210,239
2023 · €437,363-€227,124
Equity
€1.4m
2023 · €1.2m+€210,239
Cash
€649,329
2023 · €452,191+€197,138
Balance sheet total
€9.4m
2023 · €7.7m+€1.7m
Largest movements
Assets
- Receivables within one year +€1.5m
up €1.5m (+22.6%), from €6.5m to €8.0m
of which Trade receivables: +€1.5m
- Cash +€197,138
up €197,138 (+43.6%), from €452,191 to €649,329
mainly Trade debts (+€2.4m) and Net result for the year (+€210,239)
Equity and liabilities
- Trade debts +€2.4m
up €2.4m (+164%), from €1.4m to €3.8m
- Short-term financial debts -€1.0m
down €1.0m (-26.7%), from €3.8m to €2.8m
- Profit (loss) carried forward +€210,239
up €210,239 (+75.2%), from €279,691 to €489,930
- Tax, wage and social debts +€132,006
up €132,006 (+10.2%), from €1.3m to €1.4m
of which Taxes: +€230,689
Income statement
- Services and other goods +€461,864
up €461,864 (+15.8%), from €2.9m to €3.4m
- Goods and materials -€443,647
down €443,647 (-2.3%), from €19.5m to €19.0m
of which Purchases: -€382,543
From the 2023 result to the 2024 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.
Result 2023
€437,363
Turnover
-€135,973
Other operating income
+€11,584
Goods and materials
+€443,647
Services and other goods
-€461,864
Staff costs
-€153,803
Depreciation
-€3,126
Write-downs
+€25,327
Provisions
-€2,662
Other operating charges
-€8,869
Financial income
-€14,965
Financial charges
+€17,594
Taxes
+€55,986
Result 2024
€210,239
raises the resultlowers the result
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€1.2m
Investment
-€40,785
Financing
-€1.0m
Cash 2023
€452,191
From operations (derived)
+€1.2m
Net result for the year
+€210,239
Depreciation
+€96,117
Stocks and contracts
-€13,852
Receivables within one year
-€1.5m
Deferred charges and accrued income
-€68,704
Trade debts
+€2.4m
Tax, wage and social debts
+€132,006
Smaller working-capital items
-€2,237
Investment (derived)
-€40,785
Investment in fixed assets (net)
-€40,785
Financing
-€1.0m
Short-term financial debts
-€1.0m
Cash 2024
€649,329
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,669,393 | €9,369,295 | +€1.7m | +22.2% |
| Fixed assets | 21/28 | €342,765 | €287,433 | -€55,332 | -16.1% |
| Intangible fixed assets | 21 | €3,941 | - | -€3,941 | |
| Tangible fixed assets | 22/27 | €338,824 | €287,433 | -€51,391 | -15.2% |
| Furniture and vehicles | 24 | €184,894 | €163,253 | -€21,641 | -11.7% |
| Other tangible fixed assets | 26 | €153,930 | €124,180 | -€29,750 | -19.3% |
| Current assets | 29/58 | €7,326,628 | €9,081,862 | +€1.8m | +24.0% |
| Stocks and contracts in progress | 3 | €299,216 | €313,068 | +€13,852 | +4.6% |
| Stocks | 30/36 | €299,216 | €313,068 | +€13,852 | +4.6% |
| Goods purchased for resale | 34 | €299,216 | €313,068 | +€13,852 | +4.6% |
| Amounts receivable within one year | 40/41 | €6,517,281 | €7,992,821 | +€1.5m | +22.6% |
| Trade receivables | 40 | €6,510,654 | €7,985,935 | +€1.5m | +22.7% |
| Other amounts receivable | 41 | €6,627 | €6,886 | +€259 | +3.9% |
| Cash at bank and in hand | 54/58 | €452,191 | €649,329 | +€197,138 | +43.6% |
| Deferred charges and accrued income | 490/1 | €57,940 | €126,644 | +€68,704 | +119% |
| Total equity and liabilities | 10/49 | €7,669,393 | €9,369,295 | +€1.7m | +22.2% |
| Equity | 10/15 | €1,180,895 | €1,391,134 | +€210,239 | +17.8% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Capital | 10 | €250,000 | €250,000 | = | 0.0% |
| Issued capital | 100 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €651,204 | €651,204 | = | 0.0% |
| Non-distributable reserves | 130/1 | €31,470 | €31,470 | = | 0.0% |
| Legal reserve | 130 | €25,000 | €25,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,470 | €6,470 | = | 0.0% |
| Distributable reserves | 133 | €619,734 | €619,734 | = | 0.0% |
| Profit (loss) carried forward | 14 | €279,691 | €489,930 | +€210,239 | +75.2% |
| Amounts payable | 17/49 | €6,488,498 | €7,978,161 | +€1.5m | +23.0% |
| Amounts payable within one year | 42/48 | €6,484,408 | €7,978,161 | +€1.5m | +23.0% |
| Financial debts | 43 | €3,750,000 | €2,750,000 | -€1.0m | -26.7% |
| Other loans | 439 | €3,750,000 | €2,750,000 | -€1.0m | -26.7% |
| Trade debts | 44 | €1,441,287 | €3,801,181 | +€2.4m | +164% |
| Suppliers | 440/4 | €1,441,287 | €3,801,181 | +€2.4m | +164% |
| Advances received on contracts in progress | 46 | - | €1,853 | +€1,853 | |
| Taxes, remuneration and social security | 45 | €1,293,121 | €1,425,127 | +€132,006 | +10.2% |
| Taxes | 450/3 | €298,392 | €529,081 | +€230,689 | +77.3% |
| Remuneration and social security | 454/9 | €994,729 | €896,046 | -€98,683 | -9.9% |
| Accrued charges and deferred income | 492/3 | €4,090 | - | -€4,090 | |
| Operating income | 70/76A | €28,184,743 | €28,060,354 | -€124,389 | -0.4% |
| Turnover | 70 | €28,070,418 | €27,934,445 | -€135,973 | -0.5% |
| Other operating income | 74 | €114,325 | €125,909 | +€11,584 | +10.1% |
| Operating charges | 60/66A | €27,298,674 | €27,460,024 | +€161,350 | +0.6% |
| Goods for resale, raw materials and consumables | 60 | €19,472,478 | €19,028,831 | -€443,647 | -2.3% |
| Purchases | 600/8 | €19,454,063 | €19,071,520 | -€382,543 | -2.0% |
| Change in stocks: decrease (increase) | 609 | €18,415 | -€42,689 | -€61,104 | |
| Services and other goods | 61 | €2,914,546 | €3,376,410 | +€461,864 | +15.8% |
| Remuneration, social security and pensions | 62 | €4,744,390 | €4,898,193 | +€153,803 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €92,991 | €96,117 | +€3,126 | +3.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €46,695 | €21,368 | -€25,327 | -54.2% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€2,662 | - | +€2,662 | |
| Other operating charges | 640/8 | €30,236 | €39,105 | +€8,869 | +29.3% |
| Operating profit (loss) | 9901 | €886,069 | €600,330 | -€285,739 | -32.2% |
| Financial income | 75/76B | €21,081 | €6,116 | -€14,965 | -71.0% |
| Recurring financial income | 75 | €21,081 | €6,116 | -€14,965 | -71.0% |
| Other financial income | 752/9 | €21,081 | €6,116 | -€14,965 | -71.0% |
| Financial charges | 65/66B | €251,582 | €233,988 | -€17,594 | -7.0% |
| Recurring financial charges | 65 | €251,582 | €233,988 | -€17,594 | -7.0% |
| Debt charges | 650 | €162,523 | €132,844 | -€29,679 | -18.3% |
| Other financial charges | 652/9 | €89,059 | €101,144 | +€12,085 | +13.6% |
| Profit (loss) for the period before taxes | 9903 | €655,568 | €372,458 | -€283,110 | -43.2% |
| Income taxes | 67/77 | €218,205 | €162,219 | -€55,986 | -25.7% |
| Taxes | 670/3 | €218,205 | €162,219 | -€55,986 | -25.7% |
| Profit (loss) for the period | 9904 | €437,363 | €210,239 | -€227,124 | -51.9% |
| Profit (loss) for the period to be appropriated | 9905 | €437,363 | €210,239 | -€227,124 | -51.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.