T.R. Graphics: 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. Graphics
Largest movements
- Tangible fixed assets +€19,238
up €19,238 (+54.8%), from €35,137 to €54,375
of which Plant, machinery and equipment: +€27,402
- Cash +€8,923
up €8,923 (+20.4%), from €43,654 to €52,577
mainly Net result for the year (+€20,155) and Depreciation (+€15,995)
- Stocks and contracts -€7,469
down €7,469 (-43.4%), from €17,200 to €9,731
- Receivables within one year -€3,977
down €3,977 (-20.6%), from €19,349 to €15,372
of which Trade receivables: -€6,357
- Profit (loss) carried forward +€20,155
up €20,155, from -€4,235 to €15,920
- Tax, wage and social debts +€7,107
up €7,107 (+381%), from €1,863 to €8,970
- Trade debts -€4,745
no longer reported in 2025 (was €4,745)
- Other debts -€3,367
down €3,367 (-6.1%), from €54,832 to €51,465
- Debts after one year -€1,872
down €1,872 (-4.5%), from €41,872 to €40,000
- Turnover -€245,199
no longer reported in 2025 (was €245,199)
- Purchases and services -€224,163
no longer reported in 2025 (was €224,163)
- Gross operating margin +€16,732
up €16,732 (+79.5%), from €21,036 to €37,768
- Depreciation -€5,769
down €5,769 (-26.5%), from €21,764 to €15,995
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 | €115,340 | €132,270 | +€16,930 | +14.7% |
| Fixed assets | 21/28 | €35,137 | €54,375 | +€19,238 | +54.8% |
| Tangible fixed assets | 22/27 | €35,137 | €54,375 | +€19,238 | +54.8% |
| Land and buildings | 22 | €16,212 | €9,545 | -€6,667 | -41.1% |
| Plant, machinery and equipment | 23 | €17,428 | €44,830 | +€27,402 | +157% |
| Furniture and vehicles | 24 | €1,497 | - | -€1,497 | |
| Current assets | 29/58 | €80,203 | €77,895 | -€2,308 | -2.9% |
| Stocks and contracts in progress | 3 | €17,200 | €9,731 | -€7,469 | -43.4% |
| Stocks | 30/36 | €17,200 | €9,731 | -€7,469 | -43.4% |
| Amounts receivable within one year | 40/41 | €19,349 | €15,372 | -€3,977 | -20.6% |
| Trade receivables | 40 | €19,349 | €12,992 | -€6,357 | -32.9% |
| Other amounts receivable | 41 | - | €2,380 | +€2,380 | |
| Cash at bank and in hand | 54/58 | €43,654 | €52,577 | +€8,923 | +20.4% |
| Deferred charges and accrued income | 490/1 | - | €215 | +€215 | |
| Total equity and liabilities | 10/49 | €115,340 | €132,270 | +€16,930 | +14.7% |
| Equity | 10/15 | €9,781 | €29,936 | +€20,155 | +206% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €7,811 | €7,811 | = | 0.0% |
| Distributable reserves | 133 | €7,811 | €7,811 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,235 | €15,920 | +€20,155 | |
| Amounts payable | 17/49 | €105,559 | €102,334 | -€3,225 | -3.1% |
| Amounts payable after more than one year | 17 | €41,872 | €40,000 | -€1,872 | -4.5% |
| Financial debts | 170/4 | €41,872 | €40,000 | -€1,872 | -4.5% |
| Amounts payable within one year | 42/48 | €63,002 | €62,307 | -€695 | -1.1% |
| Current portion of amounts payable after more than one year | 42 | €1,562 | €1,872 | +€310 | +19.8% |
| Trade debts | 44 | €4,745 | - | -€4,745 | |
| Suppliers | 440/4 | €4,745 | - | -€4,745 | |
| Taxes, remuneration and social security | 45 | €1,863 | €8,970 | +€7,107 | +381% |
| Taxes | 450/3 | €1,863 | €8,970 | +€7,107 | +381% |
| Other amounts payable | 47/48 | €54,832 | €51,465 | -€3,367 | -6.1% |
| Accrued charges and deferred income | 492/3 | €685 | €27 | -€658 | -96.1% |
| Turnover | 70 | €245,199 | - | -€245,199 | |
| Goods, raw materials, services and sundry goods | 60/61 | €224,163 | - | -€224,163 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,764 | €15,995 | -€5,769 | -26.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €150 | +€150 | |
| Other operating charges | 640/8 | €1,530 | €687 | -€843 | -55.1% |
| Gross operating margin | 9900 | €21,036 | €37,768 | +€16,732 | +79.5% |
| Operating profit (loss) | 9901 | -€2,258 | €20,936 | +€23,194 | |
| Financial income | 75/76B | €9 | €1 | -€8 | -88.9% |
| Recurring financial income | 75 | €9 | €1 | -€8 | -88.9% |
| Financial charges | 65/66B | €744 | €485 | -€259 | -34.8% |
| Recurring financial charges | 65 | €744 | €485 | -€259 | -34.8% |
| Profit (loss) for the period before taxes | 9903 | -€2,993 | €20,452 | +€23,445 | |
| Income taxes | 67/77 | €275 | €297 | +€22 | +8.0% |
| Profit (loss) for the period | 9904 | -€3,268 | €20,155 | +€23,423 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,268 | €20,155 | +€23,423 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.