Zeven Troef: 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.
Zeven Troef
Largest movements
- Cash +€19,353
up €19,353 (+163%), from €11,902 to €31,255
mainly Depreciation (+€13,534) and Net result for the year (+€10,344)
- Tangible fixed assets -€13,534
down €13,534 (-18.8%), from €71,955 to €58,421
of which Furniture and vehicles: -€9,474
- Receivables within one year -€3,661
down €3,661 (-56.6%), from €6,464 to €2,804
of which Other amounts receivable: -€3,304
- Reserves +€9,511
up €9,511 (+29.0%), from €32,851 to €42,362
- Debts after one year -€4,350
down €4,350 (-37.1%), from €11,712 to €7,363
- Other debts -€2,426
down €2,426 (-11.1%), from €21,759 to €19,333
- Depreciation +€4,021
up €4,021 (+42.3%), from €9,512 to €13,534
- Gross operating margin +€976
up €976 (+2.9%), from €33,826 to €34,802
- Financial charges +€590
up €590 (+13.5%), from €4,359 to €4,949
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 | €91,229 | €93,475 | +€2,246 | +2.5% |
| Fixed assets | 21/28 | €71,955 | €58,421 | -€13,534 | -18.8% |
| Tangible fixed assets | 22/27 | €71,955 | €58,421 | -€13,534 | -18.8% |
| Plant, machinery and equipment | 23 | €1,070 | €462 | -€608 | -56.9% |
| Furniture and vehicles | 24 | €41,608 | €32,133 | -€9,474 | -22.8% |
| Other tangible fixed assets | 26 | €29,278 | €25,826 | -€3,451 | -11.8% |
| Current assets | 29/58 | €19,273 | €35,053 | +€15,780 | +81.9% |
| Amounts receivable within one year | 40/41 | €6,464 | €2,804 | -€3,661 | -56.6% |
| Trade receivables | 40 | €1,699 | €1,343 | -€356 | -21.0% |
| Other amounts receivable | 41 | €4,765 | €1,461 | -€3,304 | -69.3% |
| Cash at bank and in hand | 54/58 | €11,902 | €31,255 | +€19,353 | +163% |
| Deferred charges and accrued income | 490/1 | €907 | €994 | +€87 | +9.6% |
| Total equity and liabilities | 10/49 | €91,229 | €93,475 | +€2,246 | +2.5% |
| Equity | 10/15 | €37,851 | €47,362 | +€9,511 | +25.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €32,851 | €42,362 | +€9,511 | +29.0% |
| Distributable reserves | 133 | €32,851 | €42,362 | +€9,511 | +29.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €53,378 | €46,113 | -€7,265 | -13.6% |
| Amounts payable after more than one year | 17 | €11,712 | €7,363 | -€4,350 | -37.1% |
| Financial debts | 170/4 | €11,712 | €7,363 | -€4,350 | -37.1% |
| Amounts payable within one year | 42/48 | €38,693 | €35,982 | -€2,711 | -7.0% |
| Current portion of amounts payable after more than one year | 42 | €4,131 | €4,350 | +€219 | +5.3% |
| Trade debts | 44 | €7,151 | €7,222 | +€71 | +1.0% |
| Suppliers | 440/4 | €7,151 | €7,222 | +€71 | +1.0% |
| Advances received on contracts in progress | 46 | €500 | €0 | -€500 | -100% |
| Taxes, remuneration and social security | 45 | €5,152 | €5,077 | -€75 | -1.4% |
| Taxes | 450/3 | €5,152 | €5,077 | -€75 | -1.4% |
| Other amounts payable | 47/48 | €21,759 | €19,333 | -€2,426 | -11.1% |
| Accrued charges and deferred income | 492/3 | €2,973 | €2,769 | -€204 | -6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,512 | €13,534 | +€4,021 | +42.3% |
| Other operating charges | 640/8 | €2,972 | €3,057 | +€85 | +2.9% |
| Gross operating margin | 9900 | €33,826 | €34,802 | +€976 | +2.9% |
| Operating profit (loss) | 9901 | €21,342 | €18,212 | -€3,130 | -14.7% |
| Financial income | 75/76B | €82 | €285 | +€203 | +248% |
| Recurring financial income | 75 | €82 | €285 | +€203 | +248% |
| Financial charges | 65/66B | €4,359 | €4,949 | +€590 | +13.5% |
| Recurring financial charges | 65 | €4,359 | €4,949 | +€590 | +13.5% |
| Profit (loss) for the period before taxes | 9903 | €17,065 | €13,548 | -€3,517 | -20.6% |
| Income taxes | 67/77 | €3,380 | €3,204 | -€176 | -5.2% |
| Profit (loss) for the period | 9904 | €13,685 | €10,344 | -€3,341 | -24.4% |
| Profit (loss) for the period to be appropriated | 9905 | €13,685 | €10,344 | -€3,341 | -24.4% |
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 24 October 2026 via checked.be.