T&R Concept: 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 Concept
Largest movements
- Receivables within one year -€40,310
down €40,310 (-74.7%), from €53,954 to €13,645
- Tangible fixed assets -€2,251
no longer reported in 2025 (was €2,251)
- Cash +€2,116
up €2,116 (+4,635%), from €46 to €2,161
mainly Receivables within one year (+€40,310) and Investment in fixed assets (net) (+€2,251)
- Other debts -€21,090
down €21,090 (-78.0%), from €27,053 to €5,963
- Profit (loss) carried forward -€17,158
down €17,158 (-91.8%), from €18,690 to €1,533
- Tax, wage and social debts -€2,893
down €2,893 (-67.2%), from €4,308 to €1,415
- Trade debts +€696
new in 2025: €696
- Gross operating margin -€10,422
down €10,422 (-238%), from -€4,388 to -€14,810
- Depreciation -€7,243
no longer reported in 2025 (was €7,243)
- Financial charges +€1,252
up €1,252 (+2,879%), from €44 to €1,296
of which Non-recurring financial charges: +€1,251
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 | €56,251 | €15,806 | -€40,445 | -71.9% |
| Fixed assets | 21/28 | €2,251 | - | -€2,251 | |
| Tangible fixed assets | 22/27 | €2,251 | - | -€2,251 | |
| Furniture and vehicles | 24 | €2,251 | - | -€2,251 | |
| Current assets | 29/58 | €54,000 | €15,806 | -€38,194 | -70.7% |
| Amounts receivable within one year | 40/41 | €53,954 | €13,645 | -€40,310 | -74.7% |
| Other amounts receivable | 41 | €53,954 | €13,645 | -€40,310 | -74.7% |
| Cash at bank and in hand | 54/58 | €46 | €2,161 | +€2,116 | +4,635% |
| Total equity and liabilities | 10/49 | €56,251 | €15,806 | -€40,445 | -71.9% |
| Equity | 10/15 | €24,890 | €7,733 | -€17,158 | -68.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,690 | €1,533 | -€17,158 | -91.8% |
| Amounts payable | 17/49 | €31,361 | €8,074 | -€23,287 | -74.3% |
| Amounts payable within one year | 42/48 | €31,361 | €8,074 | -€23,287 | -74.3% |
| Trade debts | 44 | - | €696 | +€696 | |
| Suppliers | 440/4 | - | €696 | +€696 | |
| Taxes, remuneration and social security | 45 | €4,308 | €1,415 | -€2,893 | -67.2% |
| Taxes | 450/3 | €4,308 | €1,415 | -€2,893 | -67.2% |
| Other amounts payable | 47/48 | €27,053 | €5,963 | -€21,090 | -78.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,243 | - | -€7,243 | |
| Other operating charges | 640/8 | €725 | €782 | +€57 | +7.8% |
| Gross operating margin | 9900 | -€4,388 | -€14,810 | -€10,422 | -238% |
| Operating profit (loss) | 9901 | -€12,356 | -€15,592 | -€3,235 | -26.2% |
| Financial charges | 65/66B | €44 | €1,296 | +€1,252 | +2,879% |
| Recurring financial charges | 65 | €44 | €45 | +€2 | +3.4% |
| Non-recurring financial charges | 66B | - | €1,251 | +€1,251 | |
| Profit (loss) for the period before taxes | 9903 | -€12,400 | -€16,888 | -€4,488 | -36.2% |
| Income taxes | 67/77 | €274 | €270 | -€4 | -1.5% |
| Profit (loss) for the period | 9904 | -€12,674 | -€17,158 | -€4,484 | -35.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,674 | -€17,158 | -€4,484 | -35.4% |
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 20 October 2026 via checked.be.