Van den Troost: 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.
Van den Troost
Largest movements
- Tangible fixed assets +€7,416
up €7,416 (+249.2%), from €2,976 to €10,391
of which Plant, machinery and equipment: +€7,816
- Cash -€2,503
down €2,503 (-55.9%), from €4,479 to €1,976
mainly Investment in fixed assets (net) (-€8,770) and Receivables within one year (-€2,177)
- Receivables within one year +€2,177
up €2,177 (+640.3%), from €340 to €2,517
of which Trade receivables: +€2,135
- Deferred charges and accrued income +€1,215
new in 2025: €1,215
- Financial fixed assets +€520
new in 2025: €520
- Debts after one year +€4,500
new in 2025: €4,500
- Trade debts +€2,811
up €2,811 (+94.9%), from €2,962 to €5,773
- Other debts +€1,858
up €1,858 (+64.6%), from €2,876 to €4,734
- Tax, wage and social debts -€369
down €369 (-87.0%), from €424 to €55
- Gross operating margin -€921
down €921 (-37.6%), from €2,450 to €1,529
- Depreciation +€249
up €249 (+42.4%), from €586 to €834
- Financial charges +€32
up €32 (+27.7%), from €117 to €150
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 | €7,794 | €16,619 | +€8,825 | +113.2% |
| Fixed assets | 21/28 | €2,976 | €10,911 | +€7,936 | +266.7% |
| Tangible fixed assets | 22/27 | €2,976 | €10,391 | +€7,416 | +249.2% |
| Plant, machinery and equipment | 23 | €964 | €8,779 | +€7,816 | +811.0% |
| Furniture and vehicles | 24 | €2,012 | €1,612 | -€400 | -19.9% |
| Financial fixed assets | 28 | - | €520 | +€520 | |
| Current assets | 29/58 | €4,819 | €5,708 | +€889 | +18.5% |
| Amounts receivable within one year | 40/41 | €340 | €2,517 | +€2,177 | +640.3% |
| Trade receivables | 40 | €340 | €2,475 | +€2,135 | +627.9% |
| Other amounts receivable | 41 | €0 | €42 | +€42 | |
| Cash at bank and in hand | 54/58 | €4,479 | €1,976 | -€2,503 | -55.9% |
| Deferred charges and accrued income | 490/1 | - | €1,215 | +€1,215 | |
| Total equity and liabilities | 10/49 | €7,794 | €16,619 | +€8,825 | +113.2% |
| Equity | 10/15 | €1,533 | €1,558 | +€25 | +1.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,467 | -€3,442 | +€25 | +0.7% |
| Amounts payable | 17/49 | €6,262 | €15,062 | +€8,800 | +140.5% |
| Amounts payable after more than one year | 17 | - | €4,500 | +€4,500 | |
| Financial debts | 170/4 | - | €4,500 | +€4,500 | |
| Amounts payable within one year | 42/48 | €6,262 | €10,562 | +€4,300 | +68.7% |
| Trade debts | 44 | €2,962 | €5,773 | +€2,811 | +94.9% |
| Suppliers | 440/4 | €2,962 | €5,773 | +€2,811 | +94.9% |
| Taxes, remuneration and social security | 45 | €424 | €55 | -€369 | -87.0% |
| Taxes | 450/3 | €424 | €55 | -€369 | -87.0% |
| Other amounts payable | 47/48 | €2,876 | €4,734 | +€1,858 | +64.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €586 | €834 | +€249 | +42.4% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €2,450 | €1,529 | -€921 | -37.6% |
| Operating profit (loss) | 9901 | €1,359 | €175 | -€1,184 | -87.1% |
| Financial charges | 65/66B | €117 | €150 | +€32 | +27.7% |
| Recurring financial charges | 65 | €117 | €150 | +€32 | +27.7% |
| Profit (loss) for the period before taxes | 9903 | €1,242 | €25 | -€1,216 | -98.0% |
| Profit (loss) for the period | 9904 | €1,242 | €25 | -€1,216 | -98.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,242 | €25 | -€1,216 | -98.0% |
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.