TROY INVEST: 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.
TROY INVEST
Largest movements
- Receivables after one year +€324,973
new in 2025: €324,973
- Receivables within one year -€322,435
down €322,435 (-69.2%), from €466,128 to €143,693
- Profit (loss) carried forward +€43,458
up €43,458 (+23.5%), from €184,659 to €228,118
- Tax, wage and social debts -€43,111
down €43,111 (-65.1%), from €66,213 to €23,102
- Other debts +€16,326
new in 2025: €16,326
- Accrued charges and deferred income -€16,326
down €16,326 (-25.1%), from €65,155 to €48,829
- Gross operating margin +€33,963
up €33,963 (+121%), from €27,960 to €61,923
- Taxes +€8,538
up €8,538 (+117%), from €7,282 to €15,820
- Financial charges +€999
up €999 (+136%), from €733 to €1,732
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 | €760,132 | €759,053 | -€1,078 | -0.1% |
| Fixed assets | 21/28 | €95,377 | €91,452 | -€3,926 | -4.1% |
| Tangible fixed assets | 22/27 | €95,377 | €91,452 | -€3,926 | -4.1% |
| Land and buildings | 22 | €95,377 | €91,452 | -€3,926 | -4.1% |
| Current assets | 29/58 | €664,754 | €667,602 | +€2,847 | +0.4% |
| Amounts receivable after more than one year | 29 | - | €324,973 | +€324,973 | |
| Other amounts receivable | 291 | - | €324,973 | +€324,973 | |
| Stocks and contracts in progress | 3 | €29,425 | €29,425 | = | 0.0% |
| Stocks | 30/36 | €29,425 | €29,425 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €466,128 | €143,693 | -€322,435 | -69.2% |
| Other amounts receivable | 41 | €466,128 | €143,693 | -€322,435 | -69.2% |
| Cash at bank and in hand | 54/58 | €169,202 | €169,511 | +€309 | +0.2% |
| Total equity and liabilities | 10/49 | €760,132 | €759,053 | -€1,078 | -0.1% |
| Equity | 10/15 | €422,159 | €465,618 | +€43,458 | +10.3% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €137,500 | €137,500 | = | 0.0% |
| Distributable reserves | 133 | €137,500 | €137,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €184,659 | €228,118 | +€43,458 | +23.5% |
| Amounts payable | 17/49 | €337,972 | €293,436 | -€44,537 | -13.2% |
| Amounts payable after more than one year | 17 | €205,000 | €205,000 | = | 0.0% |
| Other amounts payable | 178/9 | €205,000 | €205,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €67,817 | €39,606 | -€28,211 | -41.6% |
| Trade debts | 44 | €1,605 | €178 | -€1,426 | -88.9% |
| Suppliers | 440/4 | €1,605 | €178 | -€1,426 | -88.9% |
| Taxes, remuneration and social security | 45 | €66,213 | €23,102 | -€43,111 | -65.1% |
| Taxes | 450/3 | €66,213 | €23,102 | -€43,111 | -65.1% |
| Other amounts payable | 47/48 | - | €16,326 | +€16,326 | |
| Accrued charges and deferred income | 492/3 | €65,155 | €48,829 | -€16,326 | -25.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,926 | €3,926 | = | 0.0% |
| Other operating charges | 640/8 | €141 | €531 | +€391 | +278% |
| Gross operating margin | 9900 | €27,960 | €61,923 | +€33,963 | +121% |
| Operating profit (loss) | 9901 | €23,894 | €57,466 | +€33,572 | +141% |
| Financial income | 75/76B | €3,562 | €3,544 | -€18 | -0.5% |
| Recurring financial income | 75 | €3,562 | €3,544 | -€18 | -0.5% |
| Financial charges | 65/66B | €733 | €1,732 | +€999 | +136% |
| Recurring financial charges | 65 | €733 | €1,732 | +€999 | +136% |
| Profit (loss) for the period before taxes | 9903 | €26,724 | €59,278 | +€32,554 | +122% |
| Income taxes | 67/77 | €7,282 | €15,820 | +€8,538 | +117% |
| Profit (loss) for the period | 9904 | €19,442 | €43,458 | +€24,017 | +124% |
| Profit (loss) for the period to be appropriated | 9905 | €19,442 | €43,458 | +€24,017 | +124% |
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 27 October 2026 via checked.be.