TROYD: 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.
TROYD
Largest movements
- Receivables within one year -€107,471
down €107,471 (-5.5%), from €2.0m to €1.8m
of which Other amounts receivable: -€148,409
- Cash -€47,299
down €47,299 (-83.5%), from €56,633 to €9,334
mainly Other debts (-€337,306) and Trade debts (-€23,562)
- Other debts -€337,306
down €337,306 (-11.7%), from €2.9m to €2.5m
- Profit (loss) carried forward +€195,887
up €195,887 (+14.2%), from -€1.4m to -€1.2m
- Trade debts -€23,562
down €23,562 (-54.2%), from €43,463 to €19,901
- Gross operating margin -€140,749
down €140,749 (-51.7%), from €272,100 to €131,351
- Financial income -€30,944
down €30,944 (-28.4%), from €109,046 to €78,102
- Depreciation -€4,127
down €4,127 (-86.8%), from €4,753 to €625
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 | €2,076,993 | €1,918,265 | -€158,728 | -7.6% |
| Fixed assets | 21/28 | €67,302 | €63,344 | -€3,959 | -5.9% |
| Tangible fixed assets | 22/27 | €4,752 | €794 | -€3,959 | -83.3% |
| Plant, machinery and equipment | 23 | €1,029 | €794 | -€235 | -22.9% |
| Furniture and vehicles | 24 | €3,333 | - | -€3,333 | |
| Other tangible fixed assets | 26 | €390 | - | -€390 | |
| Financial fixed assets | 28 | €62,550 | €62,550 | = | 0.0% |
| Current assets | 29/58 | €2,009,691 | €1,854,921 | -€154,770 | -7.7% |
| Amounts receivable within one year | 40/41 | €1,953,058 | €1,845,587 | -€107,471 | -5.5% |
| Trade receivables | 40 | €107,041 | €147,980 | +€40,939 | +38.2% |
| Other amounts receivable | 41 | €1,846,017 | €1,697,607 | -€148,409 | -8.0% |
| Cash at bank and in hand | 54/58 | €56,633 | €9,334 | -€47,299 | -83.5% |
| Total equity and liabilities | 10/49 | €2,076,993 | €1,918,265 | -€158,728 | -7.6% |
| Equity | 10/15 | -€884,303 | -€688,416 | +€195,887 | +22.2% |
| Contributions | 10/11 | €495,787 | €495,787 | = | 0.0% |
| Capital | 10 | €495,787 | €495,787 | = | 0.0% |
| Issued capital | 100 | €495,787 | €495,787 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,380,090 | -€1,184,203 | +€195,887 | +14.2% |
| Amounts payable | 17/49 | €2,961,296 | €2,606,680 | -€354,615 | -12.0% |
| Amounts payable within one year | 42/48 | €2,926,296 | €2,571,680 | -€354,615 | -12.1% |
| Trade debts | 44 | €43,463 | €19,901 | -€23,562 | -54.2% |
| Suppliers | 440/4 | €43,463 | €19,901 | -€23,562 | -54.2% |
| Taxes, remuneration and social security | 45 | €5,794 | €12,048 | +€6,254 | +107.9% |
| Taxes | 450/3 | €643 | €959 | +€316 | +49.1% |
| Remuneration and social security | 454/9 | €5,152 | €11,089 | +€5,938 | +115.3% |
| Other amounts payable | 47/48 | €2,877,038 | €2,539,732 | -€337,306 | -11.7% |
| Accrued charges and deferred income | 492/3 | €35,000 | €35,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,753 | €625 | -€4,127 | -86.8% |
| Other operating charges | 640/8 | €2,664 | €2,686 | +€22 | +0.8% |
| Non-recurring operating charges | 66A | - | €3,333 | +€3,333 | |
| Gross operating margin | 9900 | €272,100 | €131,351 | -€140,749 | -51.7% |
| Operating profit (loss) | 9901 | €264,684 | €124,707 | -€139,977 | -52.9% |
| Financial income | 75/76B | €109,046 | €78,102 | -€30,944 | -28.4% |
| Recurring financial income | 75 | €109,046 | €78,102 | -€30,944 | -28.4% |
| Financial charges | 65/66B | €6,251 | €6,922 | +€671 | +10.7% |
| Recurring financial charges | 65 | €6,251 | €6,922 | +€671 | +10.7% |
| Profit (loss) for the period before taxes | 9903 | €367,479 | €195,887 | -€171,592 | -46.7% |
| Profit (loss) for the period | 9904 | €367,479 | €195,887 | -€171,592 | -46.7% |
| Profit (loss) for the period to be appropriated | 9905 | €367,479 | €195,887 | -€171,592 | -46.7% |
Source: filed annual accounts (NBB), financial years ended 30 December 2024 and 30 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.