T-REX SERVICES: 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 SERVICES
Largest movements
- Cash +€124,070
up €124,070 (+39.1%), from €317,315 to €441,385
mainly Depreciation (+€161,124) and Receivables within one year (+€119,953)
- Receivables within one year -€119,953
down €119,953 (-28.4%), from €421,851 to €301,898
of which Trade receivables: -€106,564
- Tangible fixed assets -€94,556
down €94,556 (-14.3%), from €661,812 to €567,255
of which Leasing and similar rights: -€56,597
- Debts after one year -€102,071
down €102,071 (-24.0%), from €425,123 to €323,052
- Reserves +€45,633
up €45,633 (+7.5%), from €605,374 to €651,006
- Trade debts -€40,330
down €40,330 (-26.6%), from €151,791 to €111,461
- Other debts +€31,187
up €31,187 (+72.8%), from €42,813 to €74,000
- Current portion of long-term debt -€26,515
down €26,515 (-16.5%), from €160,975 to €134,460
- Gross operating margin +€142,745
up €142,745 (+21.9%), from €651,599 to €794,344
- Staff costs +€102,339
up €102,339 (+24.3%), from €421,064 to €523,403
- Financial income +€79,473
up €79,473 (+5004.1%), from €1,588 to €81,061
- Taxes +€29,705
up €29,705 (+225.7%), from €13,160 to €42,865
- Other operating charges -€9,115
down €9,115 (-49.2%), from €18,518 to €9,403
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 | €1,503,605 | €1,408,531 | -€95,073 | -6.3% |
| Fixed assets | 21/28 | €738,672 | €632,047 | -€106,625 | -14.4% |
| Intangible fixed assets | 21 | €75,362 | €63,294 | -€12,068 | -16.0% |
| Tangible fixed assets | 22/27 | €661,812 | €567,255 | -€94,556 | -14.3% |
| Land and buildings | 22 | €464,647 | €437,227 | -€27,420 | -5.9% |
| Plant, machinery and equipment | 23 | €1,123 | €580 | -€543 | -48.4% |
| Furniture and vehicles | 24 | €14,894 | €6,139 | -€8,755 | -58.8% |
| Leasing and similar rights | 25 | €172,134 | €115,537 | -€56,597 | -32.9% |
| Other tangible fixed assets | 26 | €9,014 | €7,773 | -€1,241 | -13.8% |
| Financial fixed assets | 28 | €1,498 | €1,498 | = | 0.0% |
| Current assets | 29/58 | €764,933 | €776,484 | +€11,551 | +1.5% |
| Amounts receivable within one year | 40/41 | €421,851 | €301,898 | -€119,953 | -28.4% |
| Trade receivables | 40 | €398,466 | €291,902 | -€106,564 | -26.7% |
| Other amounts receivable | 41 | €23,386 | €9,996 | -€13,389 | -57.3% |
| Cash at bank and in hand | 54/58 | €317,315 | €441,385 | +€124,070 | +39.1% |
| Deferred charges and accrued income | 490/1 | €25,767 | €33,201 | +€7,434 | +28.9% |
| Total equity and liabilities | 10/49 | €1,503,605 | €1,408,531 | -€95,073 | -6.3% |
| Equity | 10/15 | €624,124 | €669,756 | +€45,633 | +7.3% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €605,374 | €651,006 | +€45,633 | +7.5% |
| Distributable reserves | 133 | €605,374 | €651,006 | +€45,633 | +7.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €879,481 | €738,775 | -€140,706 | -16.0% |
| Amounts payable after more than one year | 17 | €425,123 | €323,052 | -€102,071 | -24.0% |
| Financial debts | 170/4 | €425,123 | €323,052 | -€102,071 | -24.0% |
| Amounts payable within one year | 42/48 | €454,358 | €415,723 | -€38,635 | -8.5% |
| Current portion of amounts payable after more than one year | 42 | €160,975 | €134,460 | -€26,515 | -16.5% |
| Trade debts | 44 | €151,791 | €111,461 | -€40,330 | -26.6% |
| Suppliers | 440/4 | €151,791 | €111,461 | -€40,330 | -26.6% |
| Taxes, remuneration and social security | 45 | €98,779 | €95,802 | -€2,977 | -3.0% |
| Taxes | 450/3 | €49,464 | €23,895 | -€25,569 | -51.7% |
| Remuneration and social security | 454/9 | €49,315 | €71,907 | +€22,592 | +45.8% |
| Other amounts payable | 47/48 | €42,813 | €74,000 | +€31,187 | +72.8% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €421,064 | €523,403 | +€102,339 | +24.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €154,637 | €161,124 | +€6,487 | +4.2% |
| Other operating charges | 640/8 | €18,518 | €9,403 | -€9,115 | -49.2% |
| Non-recurring operating charges | 66A | €10,703 | €1,093 | -€9,610 | -89.8% |
| Gross operating margin | 9900 | €651,599 | €794,344 | +€142,745 | +21.9% |
| Operating profit (loss) | 9901 | €46,677 | €99,321 | +€52,644 | +112.8% |
| Financial income | 75/76B | €1,588 | €81,061 | +€79,473 | +5004.1% |
| Recurring financial income | 75 | €1,588 | €81,061 | +€79,473 | +5004.1% |
| Financial charges | 65/66B | €19,302 | €17,884 | -€1,417 | -7.3% |
| Recurring financial charges | 65 | €19,302 | €17,884 | -€1,417 | -7.3% |
| Profit (loss) for the period before taxes | 9903 | €28,963 | €162,498 | +€133,534 | +461.0% |
| Income taxes | 67/77 | €13,160 | €42,865 | +€29,705 | +225.7% |
| Profit (loss) for the period | 9904 | €15,803 | €119,633 | +€103,829 | +657.0% |
| Profit (loss) for the period to be appropriated | 9905 | €15,803 | €119,633 | +€103,829 | +657.0% |
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 10 October 2026 via checked.be.