T.R.B.: 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.
T.R.B.
Largest movements
- Cash +€16,242
up €16,242 (+1,353%), from €1,201 to €17,443
mainly Depreciation (+€16,384) and Net result for the year (+€14,470)
- Tangible fixed assets -€13,839
down €13,839 (-4.7%), from €297,313 to €283,473
of which Land and buildings: -€14,844
- Current investments -€11,508
down €11,508 (-100%), from €11,508 to €0
- Other debts -€23,863
down €23,863 (-10.8%), from €221,383 to €197,520
- Profit (loss) carried forward +€14,470
up €14,470 (+23.1%), from -€62,642 to -€48,171
- Gross operating margin +€2,828
up €2,828 (+9.2%), from €30,697 to €33,524
- Other operating charges -€1,528
down €1,528 (-42.3%), from €3,610 to €2,082
- Depreciation +€559
up €559 (+3.5%), from €15,825 to €16,384
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 | €311,754 | €301,530 | -€10,224 | -3.3% |
| Fixed assets | 21/28 | €297,313 | €283,473 | -€13,839 | -4.7% |
| Tangible fixed assets | 22/27 | €297,313 | €283,473 | -€13,839 | -4.7% |
| Land and buildings | 22 | €296,427 | €281,583 | -€14,844 | -5.0% |
| Plant, machinery and equipment | 23 | €803 | €1,891 | +€1,088 | +136% |
| Furniture and vehicles | 24 | €83 | €0 | -€83 | -100% |
| Current assets | 29/58 | €14,441 | €18,057 | +€3,616 | +25.0% |
| Amounts receivable within one year | 40/41 | €1,281 | €0 | -€1,281 | -100% |
| Trade receivables | 40 | €868 | €0 | -€868 | -100% |
| Other amounts receivable | 41 | €414 | €0 | -€414 | -100% |
| Current investments | 50/53 | €11,508 | €0 | -€11,508 | -100% |
| Cash at bank and in hand | 54/58 | €1,201 | €17,443 | +€16,242 | +1,353% |
| Deferred charges and accrued income | 490/1 | €452 | €614 | +€163 | +36.0% |
| Total equity and liabilities | 10/49 | €311,754 | €301,530 | -€10,224 | -3.3% |
| Equity | 10/15 | €64,954 | €79,424 | +€14,470 | +22.3% |
| Contributions | 10/11 | €115,270 | €115,270 | = | 0.0% |
| Reserves | 13 | €12,325 | €12,325 | = | 0.0% |
| Distributable reserves | 133 | €12,325 | €12,325 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€62,642 | -€48,171 | +€14,470 | +23.1% |
| Amounts payable | 17/49 | €246,800 | €222,107 | -€24,694 | -10.0% |
| Amounts payable within one year | 42/48 | €223,100 | €198,407 | -€24,694 | -11.1% |
| Trade debts | 44 | €1,207 | €179 | -€1,028 | -85.1% |
| Suppliers | 440/4 | €1,207 | €179 | -€1,028 | -85.1% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €510 | €708 | +€197 | +38.7% |
| Taxes | 450/3 | €510 | €708 | +€197 | +38.7% |
| Other amounts payable | 47/48 | €221,383 | €197,520 | -€23,863 | -10.8% |
| Accrued charges and deferred income | 492/3 | €23,700 | €23,700 | = | 0.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,825 | €16,384 | +€559 | +3.5% |
| Other operating charges | 640/8 | €3,610 | €2,082 | -€1,528 | -42.3% |
| Gross operating margin | 9900 | €30,697 | €33,524 | +€2,828 | +9.2% |
| Operating profit (loss) | 9901 | €11,261 | €15,058 | +€3,797 | +33.7% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100% |
| Financial charges | 65/66B | €212 | €251 | +€39 | +18.4% |
| Recurring financial charges | 65 | €212 | €251 | +€39 | +18.4% |
| Profit (loss) for the period before taxes | 9903 | €11,051 | €14,808 | +€3,757 | +34.0% |
| Income taxes | 67/77 | €205 | €337 | +€132 | +64.3% |
| Profit (loss) for the period | 9904 | €10,845 | €14,470 | +€3,625 | +33.4% |
| Profit (loss) for the period to be appropriated | 9905 | €10,845 | €14,470 | +€3,625 | +33.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.