T. REX: what changed
Two fiscal 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. REX
Largest movements
- Cash +€39,694
up €39,694 (+304.4%), from €13,041 to €52,735
mainly Depreciation (+€37,777) and Net result for the year (+€5,694)
- Tangible fixed assets -€37,777
down €37,777 (-14.5%), from €259,862 to €222,085
of which Furniture and vehicles: -€26,827
- Receivables within one year -€4,510
down €4,510 (-15.7%), from €28,763 to €24,253
of which Other amounts receivable: -€4,935
- Deferred charges and accrued income -€3,657
down €3,657 (-56.2%), from €6,508 to €2,851
- Provisions -€10,389
down €10,389 (-5.7%), from €180,855 to €170,466
- Reserves +€5,694
up €5,694 (+5.7%), from €100,587 to €106,280
- Trade debts -€4,539
down €4,539 (-100.0%), from €4,539 to €0
- Gross operating margin -€8,263
down €8,263 (-13.1%), from €63,197 to €54,935
- Depreciation +€4,285
up €4,285 (+12.8%), from €33,492 to €37,777
- Other operating charges +€3,806
up €3,806 (+135.6%), from €2,806 to €6,612
- Taxes +€2,979
up €2,979 (+209.8%), from €1,420 to €4,400
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.
Cash bridge derived
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 | €308,174 | €301,925 | -€6,250 | -2.0% |
| Fixed assets | 21/28 | €259,862 | €222,085 | -€37,777 | -14.5% |
| Tangible fixed assets | 22/27 | €259,862 | €222,085 | -€37,777 | -14.5% |
| Land and buildings | 22 | €197,460 | €186,510 | -€10,950 | -5.5% |
| Furniture and vehicles | 24 | €62,402 | €35,575 | -€26,827 | -43.0% |
| Current assets | 29/58 | €48,312 | €79,840 | +€31,528 | +65.3% |
| Amounts receivable within one year | 40/41 | €28,763 | €24,253 | -€4,510 | -15.7% |
| Trade receivables | 40 | - | €425 | +€425 | |
| Other amounts receivable | 41 | €28,763 | €23,828 | -€4,935 | -17.2% |
| Cash at bank and in hand | 54/58 | €13,041 | €52,735 | +€39,694 | +304.4% |
| Deferred charges and accrued income | 490/1 | €6,508 | €2,851 | -€3,657 | -56.2% |
| Total equity and liabilities | 10/49 | €308,174 | €301,925 | -€6,250 | -2.0% |
| Equity | 10/15 | €114,847 | €120,540 | +€5,694 | +5.0% |
| Contributions | 10/11 | €14,260 | €14,260 | = | 0.0% |
| Reserves | 13 | €100,587 | €106,280 | +€5,694 | +5.7% |
| Distributable reserves | 133 | €100,587 | €106,280 | +€5,694 | +5.7% |
| Provisions and deferred taxes | 16 | €180,855 | €170,466 | -€10,389 | -5.7% |
| Provisions for liabilities and charges | 160/5 | €180,855 | €170,466 | -€10,389 | -5.7% |
| Environmental obligations | 163 | €180,855 | €170,466 | -€10,389 | -5.7% |
| Amounts payable | 17/49 | €12,473 | €10,919 | -€1,554 | -12.5% |
| Amounts payable within one year | 42/48 | €12,473 | €10,919 | -€1,554 | -12.5% |
| Trade debts | 44 | €4,539 | €0 | -€4,539 | -100.0% |
| Suppliers | 440/4 | €4,539 | €0 | -€4,539 | -100.0% |
| Taxes, remuneration and social security | 45 | €7,934 | €10,919 | +€2,985 | +37.6% |
| Taxes | 450/3 | €5,434 | €8,419 | +€2,985 | +54.9% |
| Remuneration and social security | 454/9 | €2,500 | €2,500 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,492 | €37,777 | +€4,285 | +12.8% |
| Other operating charges | 640/8 | €2,806 | €6,612 | +€3,806 | +135.6% |
| Gross operating margin | 9900 | €63,197 | €54,935 | -€8,263 | -13.1% |
| Operating profit (loss) | 9901 | €26,899 | €10,545 | -€16,354 | -60.8% |
| Financial charges | 65/66B | €481 | €452 | -€29 | -6.0% |
| Recurring financial charges | 65 | €481 | €452 | -€29 | -6.0% |
| Profit (loss) for the period before taxes | 9903 | €26,419 | €10,093 | -€16,325 | -61.8% |
| Income taxes | 67/77 | €1,420 | €4,400 | +€2,979 | +209.8% |
| Profit (loss) for the period | 9904 | €24,998 | €5,694 | -€19,304 | -77.2% |
| Profit (loss) for the period to be appropriated | 9905 | €24,998 | €5,694 | -€19,304 | -77.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.