Troyerco: what changed
What changed
Troyerco
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€54,549
2024 · €55,354-€805
Equity
€3.6m
2024 · €3.5m+€54,549
Cash
€304,816
2024 · €401,556-€96,740
Balance sheet total
€5.1m
2024 · €5.1m+€25,973
Largest movements
Assets
- Current investments +€133,348
up €133,348 (+3.4%), from €4.0m to €4.1m
- Cash -€96,740
down €96,740 (-24.1%), from €401,556 to €304,816
mainly Current investments (-€133,348) and Receivables after one year (-€50,000)
Equity and liabilities
- Reserves +€55,000
up €55,000 (+2.7%), from €2.0m to €2.1m
of which Distributable reserves: +€55,000
Income statement
- Financial charges -€60,926
down €60,926 (-80.2%), from €76,008 to €15,082
- Gross operating margin -€35,701
down €35,701, from €18,498 to -€17,203
- Financial income -€13,831
down €13,831 (-9.8%), from €141,455 to €127,623
- Depreciation +€13,615
up €13,615 (+294%), from €4,638 to €18,254
- Taxes +€945
up €945 (+6.4%), from €14,852 to €15,798
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.
Result 2024
€55,354
Gross operating margin
-€35,701
Depreciation
-€13,615
Other operating charges
+€256
Other operating items
+€2,106
Financial income
-€13,831
Financial charges
+€60,926
Taxes
-€945
Result 2025
€54,549
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€36,608
Investment
-€133,348
Financing
€0
Cash 2024
€401,556
From operations (derived)
+€36,608
Net result for the year
+€54,549
Depreciation
+€18,254
Receivables after one year
-€50,000
Receivables within one year
+€42,278
Smaller working-capital items
+€146
Tax, wage and social debts
-€9,709
Other debts
-€18,910
Investment (derived)
-€133,348
Current investments
-€133,348
Cash 2025
€304,816
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,068,807 | €5,094,780 | +€25,973 | +0.5% |
| Fixed assets | 21/28 | €88,279 | €70,026 | -€18,254 | -20.7% |
| Tangible fixed assets | 22/27 | €88,279 | €70,026 | -€18,254 | -20.7% |
| Furniture and vehicles | 24 | €86,629 | €68,376 | -€18,254 | -21.1% |
| Other tangible fixed assets | 26 | €1,650 | €1,650 | = | 0.0% |
| Current assets | 29/58 | €4,980,527 | €5,024,754 | +€44,227 | +0.9% |
| Amounts receivable after more than one year | 29 | €484,600 | €534,600 | +€50,000 | +10.3% |
| Other amounts receivable | 291 | €484,600 | €534,600 | +€50,000 | +10.3% |
| Amounts receivable within one year | 40/41 | €131,364 | €89,086 | -€42,278 | -32.2% |
| Trade receivables | 40 | €44,040 | €13,857 | -€30,183 | -68.5% |
| Other amounts receivable | 41 | €87,324 | €75,229 | -€12,095 | -13.9% |
| Current investments | 50/53 | €3,961,165 | €4,094,514 | +€133,348 | +3.4% |
| Cash at bank and in hand | 54/58 | €401,556 | €304,816 | -€96,740 | -24.1% |
| Deferred charges and accrued income | 490/1 | €1,842 | €1,739 | -€103 | -5.6% |
| Total equity and liabilities | 10/49 | €5,068,807 | €5,094,780 | +€25,973 | +0.5% |
| Equity | 10/15 | €3,540,239 | €3,594,788 | +€54,549 | +1.5% |
| Contributions | 10/11 | €1,500,000 | €1,500,000 | = | 0.0% |
| Reserves | 13 | €2,039,500 | €2,094,500 | +€55,000 | +2.7% |
| Non-distributable reserves | 130/1 | €150,000 | €150,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €150,000 | €150,000 | = | 0.0% |
| Distributable reserves | 133 | €1,889,500 | €1,944,500 | +€55,000 | +2.9% |
| Profit (loss) carried forward | 14 | €739 | €288 | -€451 | -61.0% |
| Amounts payable | 17/49 | €1,528,567 | €1,499,991 | -€28,576 | -1.9% |
| Amounts payable within one year | 42/48 | €1,528,567 | €1,499,991 | -€28,576 | -1.9% |
| Trade debts | 44 | €1,540 | €1,583 | +€43 | +2.8% |
| Suppliers | 440/4 | €1,540 | €1,583 | +€43 | +2.8% |
| Taxes, remuneration and social security | 45 | €10,300 | €591 | -€9,709 | -94.3% |
| Taxes | 450/3 | €9,300 | €591 | -€8,709 | -93.6% |
| Remuneration and social security | 454/9 | €1,000 | €0 | -€1,000 | -100% |
| Other amounts payable | 47/48 | €1,516,727 | €1,497,817 | -€18,910 | -1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,638 | €18,254 | +€13,615 | +294% |
| Other operating charges | 640/8 | €6,994 | €6,738 | -€256 | -3.7% |
| Non-recurring operating charges | 66A | €2,106 | €0 | -€2,106 | -100% |
| Gross operating margin | 9900 | €18,498 | -€17,203 | -€35,701 | |
| Operating profit (loss) | 9901 | €4,760 | -€42,194 | -€46,955 | |
| Financial income | 75/76B | €141,455 | €127,623 | -€13,831 | -9.8% |
| Recurring financial income | 75 | €141,455 | €127,623 | -€13,831 | -9.8% |
| Financial charges | 65/66B | €76,008 | €15,082 | -€60,926 | -80.2% |
| Recurring financial charges | 65 | €76,008 | €15,082 | -€60,926 | -80.2% |
| Profit (loss) for the period before taxes | 9903 | €70,206 | €70,347 | +€141 | +0.2% |
| Income taxes | 67/77 | €14,852 | €15,798 | +€945 | +6.4% |
| Profit (loss) for the period | 9904 | €55,354 | €54,549 | -€805 | -1.5% |
| Profit (loss) for the period to be appropriated | 9905 | €55,354 | €54,549 | -€805 | -1.5% |
Next steps
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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 7 November 2026 via checked.be.