T-REX SAFETY: 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-REX SAFETY
Largest movements
- Cash -€82,447
down €82,447 (-60.9%), from €135,450 to €53,003
mainly Receivables within one year (-€55,492) and Debts after one year (-€30,762)
- Receivables within one year +€55,492
up €55,492 (+147%), from €37,864 to €93,356
of which Trade receivables: +€54,795
- Tangible fixed assets -€13,691
down €13,691 (-21.1%), from €64,972 to €51,281
of which Furniture and vehicles: -€12,841
- Intangible fixed assets -€10,000
down €10,000 (-14.3%), from €70,000 to €60,000
- Stocks and contracts +€7,520
up €7,520 (+41.1%), from €18,280 to €25,800
- Debts after one year -€30,762
down €30,762 (-44.6%), from €68,974 to €38,212
- Trade debts +€13,786
up €13,786 (+24.5%), from €56,299 to €70,085
- Current portion of long-term debt -€13,157
down €13,157 (-26.5%), from €49,659 to €36,502
- Reserves -€9,000
down €9,000 (-47.3%), from €19,047 to €10,047
of which Distributable reserves: -€9,000
- Tax, wage and social debts -€5,349
down €5,349 (-22.5%), from €23,778 to €18,429
- Taxes +€2,483
up €2,483 (+56.8%), from €4,370 to €6,853
- Other operating charges +€2,247
up €2,247 (+229%), from €982 to €3,229
- Financial charges -€2,028
down €2,028 (-33.9%), from €5,982 to €3,954
- Depreciation +€1,703
up €1,703 (+5.5%), from €30,728 to €32,431
- Gross operating margin -€1,056
down €1,056 (-1.9%), from €55,279 to €54,223
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 | €327,815 | €285,911 | -€41,904 | -12.8% |
| Fixed assets | 21/28 | €135,022 | €111,331 | -€23,691 | -17.5% |
| Intangible fixed assets | 21 | €70,000 | €60,000 | -€10,000 | -14.3% |
| Tangible fixed assets | 22/27 | €64,972 | €51,281 | -€13,691 | -21.1% |
| Plant, machinery and equipment | 23 | €1,534 | €684 | -€850 | -55.4% |
| Furniture and vehicles | 24 | €63,438 | €50,597 | -€12,841 | -20.2% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €192,793 | €174,580 | -€18,213 | -9.4% |
| Stocks and contracts in progress | 3 | €18,280 | €25,800 | +€7,520 | +41.1% |
| Stocks | 30/36 | €18,280 | €25,800 | +€7,520 | +41.1% |
| Amounts receivable within one year | 40/41 | €37,864 | €93,356 | +€55,492 | +147% |
| Trade receivables | 40 | €26,304 | €81,099 | +€54,795 | +208% |
| Other amounts receivable | 41 | €11,560 | €12,257 | +€697 | +6.0% |
| Cash at bank and in hand | 54/58 | €135,450 | €53,003 | -€82,447 | -60.9% |
| Deferred charges and accrued income | 490/1 | €1,199 | €2,421 | +€1,222 | +102% |
| Total equity and liabilities | 10/49 | €327,815 | €285,911 | -€41,904 | -12.8% |
| Equity | 10/15 | €128,506 | €122,683 | -€5,823 | -4.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €19,047 | €10,047 | -€9,000 | -47.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €17,187 | €8,187 | -€9,000 | -52.4% |
| Profit (loss) carried forward | 14 | €90,859 | €94,036 | +€3,177 | +3.5% |
| Amounts payable | 17/49 | €199,309 | €163,228 | -€36,081 | -18.1% |
| Amounts payable after more than one year | 17 | €68,974 | €38,212 | -€30,762 | -44.6% |
| Financial debts | 170/4 | €68,974 | €38,212 | -€30,762 | -44.6% |
| Amounts payable within one year | 42/48 | €130,335 | €125,016 | -€5,319 | -4.1% |
| Current portion of amounts payable after more than one year | 42 | €49,659 | €36,502 | -€13,157 | -26.5% |
| Trade debts | 44 | €56,299 | €70,085 | +€13,786 | +24.5% |
| Suppliers | 440/4 | €56,299 | €70,085 | +€13,786 | +24.5% |
| Taxes, remuneration and social security | 45 | €23,778 | €18,429 | -€5,349 | -22.5% |
| Taxes | 450/3 | €23,778 | €18,429 | -€5,349 | -22.5% |
| Other amounts payable | 47/48 | €599 | - | -€599 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,728 | €32,431 | +€1,703 | +5.5% |
| Other operating charges | 640/8 | €982 | €3,229 | +€2,247 | +229% |
| Non-recurring operating charges | 66A | €11,112 | - | -€11,112 | |
| Gross operating margin | 9900 | €55,279 | €54,223 | -€1,056 | -1.9% |
| Operating profit (loss) | 9901 | €12,457 | €18,563 | +€6,106 | +49.0% |
| Financial income | 75/76B | €709 | €421 | -€288 | -40.6% |
| Recurring financial income | 75 | €709 | €421 | -€288 | -40.6% |
| Financial charges | 65/66B | €5,982 | €3,954 | -€2,028 | -33.9% |
| Recurring financial charges | 65 | €5,982 | €3,954 | -€2,028 | -33.9% |
| Profit (loss) for the period before taxes | 9903 | €7,184 | €15,030 | +€7,846 | +109% |
| Income taxes | 67/77 | €4,370 | €6,853 | +€2,483 | +56.8% |
| Profit (loss) for the period | 9904 | €2,814 | €8,177 | +€5,363 | +191% |
| Profit (loss) for the period to be appropriated | 9905 | €2,814 | €8,177 | +€5,363 | +191% |
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.