TROY: what changed
TROY
Largest movements
- Receivables within one year -€16,808
down €16,808 (-54.6%), from €30,777 to €13,969
of which Other amounts receivable: -€23,033
- Cash +€1,604
up €1,604 (+21,706%), from €7 to €1,611
mainly Receivables within one year (+€16,808) and Trade debts (+€2,438)
- Profit (loss) carried forward -€16,745
down €16,745 (-492%), from -€3,404 to -€20,149
- Trade debts +€2,438
up €2,438 (+41.4%), from €5,892 to €8,330
- Tax, wage and social debts -€669
down €669 (-4.4%), from €15,098 to €14,428
- Gross operating margin -€41,812
down €41,812, from €33,289 to -€8,523
- Taxes -€19,519
down €19,519 (-94.5%), from €20,644 to €1,125
- Staff costs -€2,352
down €2,352 (-53.8%), from €4,376 to €2,023
- Financial charges -€1,552
down €1,552 (-26.5%), from €5,850 to €4,298
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €32,784 | €17,581 | -€15,204 | -46.4% |
| Fixed assets | 21/28 | €2,000 | €2,000 | = | 0.0% |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €30,784 | €15,581 | -€15,204 | -49.4% |
| Amounts receivable within one year | 40/41 | €30,777 | €13,969 | -€16,808 | -54.6% |
| Trade receivables | 40 | €2,167 | €8,392 | +€6,225 | +287% |
| Other amounts receivable | 41 | €28,610 | €5,577 | -€23,033 | -80.5% |
| Cash at bank and in hand | 54/58 | €7 | €1,611 | +€1,604 | +21,706% |
| Total equity and liabilities | 10/49 | €32,784 | €17,581 | -€15,204 | -46.4% |
| Equity | 10/15 | €11,795 | -€5,178 | -€16,973 | |
| Contributions | 10/11 | €14,971 | €14,971 | = | 0.0% |
| Reserves | 13 | €228 | - | -€228 | |
| Distributable reserves | 133 | €228 | - | -€228 | |
| Profit (loss) carried forward | 14 | -€3,404 | -€20,149 | -€16,745 | -492% |
| Amounts payable | 17/49 | €20,990 | €22,759 | +€1,769 | +8.4% |
| Amounts payable within one year | 42/48 | €20,990 | €22,759 | +€1,769 | +8.4% |
| Trade debts | 44 | €5,892 | €8,330 | +€2,438 | +41.4% |
| Suppliers | 440/4 | €5,892 | €8,330 | +€2,438 | +41.4% |
| Taxes, remuneration and social security | 45 | €15,098 | €14,428 | -€669 | -4.4% |
| Taxes | 450/3 | €15,098 | €14,428 | -€669 | -4.4% |
| Remuneration, social security and pensions | 62 | €4,376 | €2,023 | -€2,352 | -53.8% |
| Other operating charges | 640/8 | €2,011 | €1,741 | -€270 | -13.4% |
| Gross operating margin | 9900 | €33,289 | -€8,523 | -€41,812 | |
| Operating profit (loss) | 9901 | €26,903 | -€12,287 | -€39,190 | |
| Financial income | 75/76B | €1,066 | €738 | -€328 | -30.8% |
| Recurring financial income | 75 | €1,066 | €738 | -€328 | -30.8% |
| Financial charges | 65/66B | €5,850 | €4,298 | -€1,552 | -26.5% |
| Recurring financial charges | 65 | €5,850 | €4,298 | -€1,552 | -26.5% |
| Profit (loss) for the period before taxes | 9903 | €22,119 | -€15,847 | -€37,966 | |
| Income taxes | 67/77 | €20,644 | €1,125 | -€19,519 | -94.5% |
| Profit (loss) for the period | 9904 | €1,475 | -€16,973 | -€18,448 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,475 | -€16,973 | -€18,448 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.