TROY PROPERTIES: 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 PROPERTIES
Largest movements
- Receivables within one year -€47,919
down €47,919 (-20.4%), from €234,578 to €186,660
of which Trade receivables: -€58,988
- Cash +€29,104
up €29,104 (+43.0%), from €67,718 to €96,823
mainly Receivables within one year (+€47,919) and Trade debts (+€35,771)
- Provisions -€39,000
no longer reported in 2025 (was €39,000)
- Trade debts +€35,771
up €35,771 (+184.7%), from €19,367 to €55,138
- Current portion of long-term debt -€16,734
no longer reported in 2025 (was €16,734)
- Tax, wage and social debts +€12,803
up €12,803 (+71.9%), from €17,806 to €30,609
of which Remuneration and social security: +€8,468
- Other debts -€12,120
down €12,120 (-67.3%), from €18,000 to €5,880
- Gross operating margin -€181,198
down €181,198 (-84.6%), from €214,228 to €33,030
- Provisions -€78,000
down €78,000, from €39,000 to -€39,000
- Taxes -€42,776
down €42,776 (-99.9%), from €42,814 to €38
- Staff costs +€39,640
new in 2025: €39,640
- Financial charges +€29,923
up €29,923 (+1409.3%), from €2,123 to €32,046
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 | €312,853 | €295,001 | -€17,851 | -5.7% |
| Fixed assets | 21/28 | €10,521 | €9,014 | -€1,507 | -14.3% |
| Tangible fixed assets | 22/27 | €10,381 | €9,014 | -€1,367 | -13.2% |
| Land and buildings | 22 | €5,177 | €4,518 | -€660 | -12.7% |
| Plant, machinery and equipment | 23 | - | €998 | +€998 | |
| Furniture and vehicles | 24 | €5,203 | €3,498 | -€1,705 | -32.8% |
| Financial fixed assets | 28 | €140 | - | -€140 | |
| Current assets | 29/58 | €302,332 | €285,987 | -€16,344 | -5.4% |
| Amounts receivable within one year | 40/41 | €234,578 | €186,660 | -€47,919 | -20.4% |
| Trade receivables | 40 | €71,988 | €13,000 | -€58,988 | -81.9% |
| Other amounts receivable | 41 | €162,591 | €173,660 | +€11,069 | +6.8% |
| Cash at bank and in hand | 54/58 | €67,718 | €96,823 | +€29,104 | +43.0% |
| Deferred charges and accrued income | 490/1 | €35 | €2,505 | +€2,470 | +7073.1% |
| Total equity and liabilities | 10/49 | €312,853 | €295,001 | -€17,851 | -5.7% |
| Equity | 10/15 | €201,945 | €203,374 | +€1,429 | +0.7% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €101,945 | €103,374 | +€1,429 | +1.4% |
| Non-distributable reserves | 130/1 | - | €1,429 | +€1,429 | |
| Legal reserve | 130 | - | €1,429 | +€1,429 | |
| Tax-exempt reserves | 132 | €75,780 | €75,780 | = | 0.0% |
| Distributable reserves | 133 | €26,165 | €26,165 | = | 0.0% |
| Provisions and deferred taxes | 16 | €39,000 | - | -€39,000 | |
| Provisions for liabilities and charges | 160/5 | €39,000 | - | -€39,000 | |
| Other liabilities and charges | 164/5 | €39,000 | - | -€39,000 | |
| Amounts payable | 17/49 | €71,908 | €91,627 | +€19,720 | +27.4% |
| Amounts payable within one year | 42/48 | €71,908 | €91,627 | +€19,720 | +27.4% |
| Current portion of amounts payable after more than one year | 42 | €16,734 | - | -€16,734 | |
| Trade debts | 44 | €19,367 | €55,138 | +€35,771 | +184.7% |
| Suppliers | 440/4 | €19,367 | €55,138 | +€35,771 | +184.7% |
| Taxes, remuneration and social security | 45 | €17,806 | €30,609 | +€12,803 | +71.9% |
| Taxes | 450/3 | €17,806 | €22,141 | +€4,335 | +24.3% |
| Remuneration and social security | 454/9 | - | €8,468 | +€8,468 | |
| Other amounts payable | 47/48 | €18,000 | €5,880 | -€12,120 | -67.3% |
| Remuneration, social security and pensions | 62 | - | €39,640 | +€39,640 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,012 | €2,565 | -€4,447 | -63.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €39,000 | -€39,000 | -€78,000 | |
| Other operating charges | 640/8 | €1,943 | €2,727 | +€784 | +40.4% |
| Gross operating margin | 9900 | €214,228 | €33,030 | -€181,198 | -84.6% |
| Operating profit (loss) | 9901 | €166,274 | €27,098 | -€139,176 | -83.7% |
| Financial income | 75/76B | €5,827 | €12,295 | +€6,468 | +111.0% |
| Recurring financial income | 75 | €5,827 | €12,295 | +€6,468 | +111.0% |
| Financial charges | 65/66B | €2,123 | €32,046 | +€29,923 | +1409.3% |
| Recurring financial charges | 65 | €2,123 | €32,046 | +€29,923 | +1409.3% |
| Profit (loss) for the period before taxes | 9903 | €169,977 | €7,347 | -€162,630 | -95.7% |
| Income taxes | 67/77 | €42,814 | €38 | -€42,776 | -99.9% |
| Profit (loss) for the period | 9904 | €127,164 | €7,309 | -€119,854 | -94.3% |
| Transfer to tax-exempt reserves | 689 | €75,780 | - | -€75,780 | |
| Profit (loss) for the period to be appropriated | 9905 | €51,384 | €7,309 | -€44,074 | -85.8% |
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 10 October 2026 via checked.be.