T.R.S. EXPRESS: 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.S. EXPRESS
Largest movements
- Tangible fixed assets +€15,769
new in 2025: €15,769
- Cash -€5,488
down €5,488 (-26.4%), from €20,776 to €15,288
mainly Investment in fixed assets (net) (-€23,653) and Tax, wage and social debts (-€3,672)
- Receivables within one year -€923
down €923 (-12.1%), from €7,627 to €6,704
of which Trade receivables: -€2,367
- Trade debts +€11,849
up €11,849 (+964%), from €1,229 to €13,078
- Profit (loss) carried forward +€4,331
up €4,331 (+30.9%), from €13,995 to €18,325
- Tax, wage and social debts -€3,672
down €3,672 (-52.2%), from €7,029 to €3,357
of which Remuneration and social security: -€3,000
- Other debts -€3,150
no longer reported in 2025 (was €3,150)
- Purchases and services +€8,087
up €8,087 (+15.6%), from €51,710 to €59,797
- Depreciation +€7,884
new in 2025: €7,884
- Turnover +€4,509
up €4,509 (+6.6%), from €68,361 to €72,870
- Gross operating margin -€3,578
down €3,578 (-21.5%), from €16,652 to €13,073
- Taxes -€1,967
no longer reported in 2025 (was €1,967)
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 | €28,403 | €37,760 | +€9,357 | +32.9% |
| Fixed assets | 21/28 | - | €15,769 | +€15,769 | |
| Tangible fixed assets | 22/27 | - | €15,769 | +€15,769 | |
| Furniture and vehicles | 24 | - | €15,769 | +€15,769 | |
| Current assets | 29/58 | €28,403 | €21,992 | -€6,411 | -22.6% |
| Amounts receivable within one year | 40/41 | €7,627 | €6,704 | -€923 | -12.1% |
| Trade receivables | 40 | €7,488 | €5,121 | -€2,367 | -31.6% |
| Other amounts receivable | 41 | €140 | €1,583 | +€1,444 | +1,034% |
| Cash at bank and in hand | 54/58 | €20,776 | €15,288 | -€5,488 | -26.4% |
| Total equity and liabilities | 10/49 | €28,403 | €37,760 | +€9,357 | +32.9% |
| Equity | 10/15 | €16,995 | €21,325 | +€4,331 | +25.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,995 | €18,325 | +€4,331 | +30.9% |
| Amounts payable | 17/49 | €11,408 | €16,435 | +€5,027 | +44.1% |
| Amounts payable within one year | 42/48 | €11,408 | €16,435 | +€5,027 | +44.1% |
| Trade debts | 44 | €1,229 | €13,078 | +€11,849 | +964% |
| Suppliers | 440/4 | €1,229 | €13,078 | +€11,849 | +964% |
| Taxes, remuneration and social security | 45 | €7,029 | €3,357 | -€3,672 | -52.2% |
| Taxes | 450/3 | €4,029 | €3,357 | -€672 | -16.7% |
| Remuneration and social security | 454/9 | €3,000 | - | -€3,000 | |
| Other amounts payable | 47/48 | €3,150 | - | -€3,150 | |
| Turnover | 70 | €68,361 | €72,870 | +€4,509 | +6.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €51,710 | €59,797 | +€8,087 | +15.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €7,884 | +€7,884 | |
| Other operating charges | 640/8 | €754 | €471 | -€283 | -37.5% |
| Gross operating margin | 9900 | €16,652 | €13,073 | -€3,578 | -21.5% |
| Operating profit (loss) | 9901 | €15,898 | €4,718 | -€11,180 | -70.3% |
| Financial charges | 65/66B | €202 | €388 | +€186 | +91.9% |
| Recurring financial charges | 65 | €202 | €388 | +€186 | +91.9% |
| Profit (loss) for the period before taxes | 9903 | €15,696 | €4,331 | -€11,366 | -72.4% |
| Income taxes | 67/77 | €1,967 | - | -€1,967 | |
| Profit (loss) for the period | 9904 | €13,729 | €4,331 | -€9,398 | -68.5% |
| Profit (loss) for the period to be appropriated | 9905 | €13,729 | €4,331 | -€9,398 | -68.5% |
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 26 October 2026 via checked.be.