T.R. ENGINEERING: 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. ENGINEERING
Largest movements
- Cash +€383,118
up €383,118 (+62.6%), from €611,527 to €994,645
mainly Net result for the year (+€837,698) and Depreciation (+€134,327)
- Receivables within one year +€230,043
up €230,043 (+52.2%), from €441,051 to €671,094
of which Trade receivables: +€228,747
- Tangible fixed assets +€139,797
up €139,797 (+12.3%), from €1.1m to €1.3m
of which Plant, machinery and equipment: +€195,052
- Reserves +€837,698
up €837,698 (+70.6%), from €1.2m to €2.0m
of which Distributable reserves: +€837,698
- Debts after one year -€125,778
down €125,778 (-29.3%), from €428,976 to €303,198
- Tax, wage and social debts +€33,367
up €33,367 (+31.2%), from €106,981 to €140,348
of which Remuneration and social security: +€33,272
- Trade debts +€32,947
up €32,947 (+39.1%), from €84,344 to €117,291
- Other debts -€31,658
down €31,658 (-31.2%), from €101,495 to €69,837
- Gross operating margin +€257,708
up €257,708 (+14.1%), from €1.8m to €2.1m
- Taxes +€46,409
up €46,409 (+19.4%), from €238,698 to €285,107
- Depreciation +€24,370
up €24,370 (+22.2%), from €109,958 to €134,327
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 | €2,220,978 | €2,964,414 | +€743,436 | +33.5% |
| Fixed assets | 21/28 | €1,143,066 | €1,282,862 | +€139,797 | +12.2% |
| Tangible fixed assets | 22/27 | €1,137,506 | €1,277,302 | +€139,797 | +12.3% |
| Land and buildings | 22 | €126,449 | €112,404 | -€14,045 | -11.1% |
| Plant, machinery and equipment | 23 | €176,969 | €372,021 | +€195,052 | +110% |
| Furniture and vehicles | 24 | €53,294 | €39,360 | -€13,934 | -26.1% |
| Leasing and similar rights | 25 | €629,926 | €592,879 | -€37,047 | -5.9% |
| Other tangible fixed assets | 26 | €150,867 | €160,638 | +€9,771 | +6.5% |
| Financial fixed assets | 28 | €5,560 | €5,560 | = | 0.0% |
| Current assets | 29/58 | €1,077,912 | €1,681,552 | +€603,639 | +56.0% |
| Amounts receivable within one year | 40/41 | €441,051 | €671,094 | +€230,043 | +52.2% |
| Trade receivables | 40 | €315,162 | €543,909 | +€228,747 | +72.6% |
| Other amounts receivable | 41 | €125,889 | €127,185 | +€1,296 | +1.0% |
| Cash at bank and in hand | 54/58 | €611,527 | €994,645 | +€383,118 | +62.6% |
| Deferred charges and accrued income | 490/1 | €25,334 | €15,813 | -€9,521 | -37.6% |
| Total equity and liabilities | 10/49 | €2,220,978 | €2,964,414 | +€743,436 | +33.5% |
| Equity | 10/15 | €1,248,952 | €2,086,650 | +€837,698 | +67.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Contributions outside capital | 11 | €62,000 | €62,000 | = | 0.0% |
| Other | 1109/19 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €1,186,952 | €2,024,650 | +€837,698 | +70.6% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €1,180,752 | €2,018,450 | +€837,698 | +70.9% |
| Amounts payable | 17/49 | €972,026 | €877,764 | -€94,262 | -9.7% |
| Amounts payable after more than one year | 17 | €428,976 | €303,198 | -€125,778 | -29.3% |
| Financial debts | 170/4 | €428,976 | €303,198 | -€125,778 | -29.3% |
| Amounts payable within one year | 42/48 | €543,050 | €574,566 | +€31,516 | +5.8% |
| Current portion of amounts payable after more than one year | 42 | €125,230 | €125,778 | +€548 | +0.4% |
| Financial debts | 43 | €125,000 | €121,312 | -€3,688 | -3.0% |
| Credit institutions | 430/8 | €125,000 | €121,312 | -€3,688 | -3.0% |
| Trade debts | 44 | €84,344 | €117,291 | +€32,947 | +39.1% |
| Suppliers | 440/4 | €84,344 | €117,291 | +€32,947 | +39.1% |
| Taxes, remuneration and social security | 45 | €106,981 | €140,348 | +€33,367 | +31.2% |
| Taxes | 450/3 | €88,698 | €88,792 | +€95 | +0.1% |
| Remuneration and social security | 454/9 | €18,284 | €51,556 | +€33,272 | +182% |
| Other amounts payable | 47/48 | €101,495 | €69,837 | -€31,658 | -31.2% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €748,342 | €766,014 | +€17,671 | +2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €109,958 | €134,327 | +€24,370 | +22.2% |
| Other operating charges | 640/8 | €31,663 | €34,200 | +€2,537 | +8.0% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €1,822,460 | €2,080,169 | +€257,708 | +14.1% |
| Operating profit (loss) | 9901 | €932,497 | €1,145,627 | +€213,130 | +22.9% |
| Financial income | 75/76B | €599 | €1,716 | +€1,117 | +187% |
| Recurring financial income | 75 | €599 | €1,716 | +€1,117 | +187% |
| Financial charges | 65/66B | €27,437 | €24,538 | -€2,899 | -10.6% |
| Recurring financial charges | 65 | €27,437 | €24,538 | -€2,899 | -10.6% |
| Profit (loss) for the period before taxes | 9903 | €905,659 | €1,122,805 | +€217,146 | +24.0% |
| Income taxes | 67/77 | €238,698 | €285,107 | +€46,409 | +19.4% |
| Profit (loss) for the period | 9904 | €666,961 | €837,698 | +€170,737 | +25.6% |
| Profit (loss) for the period to be appropriated | 9905 | €666,961 | €837,698 | +€170,737 | +25.6% |
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 27 October 2026 via checked.be.