TR Consult: 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.
TR Consult
Largest movements
- Financial fixed assets +€112,323
up €112,323 (+44.8%), from €250,936 to €363,258
- Receivables within one year +€9,872
up €9,872 (+81.6%), from €12,091 to €21,963
of which Other amounts receivable: +€8,958
- Reserves +€86,306
up €86,306 (+70.8%), from €121,888 to €208,195
- Other debts +€22,000
up €22,000 (+220.0%), from €10,000 to €32,000
- Debts after one year +€15,399
up €15,399 (+14.9%), from €103,683 to €119,082
of which Other amounts payable: +€44,441
- Financial income +€83,083
new in 2025: €83,083
- Financial charges +€46,140
up €46,140 (+725.6%), from €6,359 to €52,499
- Taxes -€7,401
down €7,401 (-30.7%), from €24,085 to €16,683
- Gross operating margin -€4,128
down €4,128 (-5.0%), from €82,614 to €78,486
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 | €286,406 | €409,877 | +€123,471 | +43.1% |
| Fixed assets | 21/28 | €252,123 | €364,096 | +€111,972 | +44.4% |
| Tangible fixed assets | 22/27 | €1,188 | €837 | -€350 | -29.5% |
| Furniture and vehicles | 24 | €1,188 | €837 | -€350 | -29.5% |
| Financial fixed assets | 28 | €250,936 | €363,258 | +€112,323 | +44.8% |
| Current assets | 29/58 | €34,283 | €45,781 | +€11,499 | +33.5% |
| Amounts receivable within one year | 40/41 | €12,091 | €21,963 | +€9,872 | +81.6% |
| Trade receivables | 40 | €11,882 | €12,796 | +€914 | +7.7% |
| Other amounts receivable | 41 | €209 | €9,167 | +€8,958 | +4283.7% |
| Cash at bank and in hand | 54/58 | €21,724 | €22,658 | +€934 | +4.3% |
| Deferred charges and accrued income | 490/1 | €468 | €1,161 | +€693 | +148.2% |
| Total equity and liabilities | 10/49 | €286,406 | €409,877 | +€123,471 | +43.1% |
| Equity | 10/15 | €121,988 | €208,295 | +€86,306 | +70.7% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €121,888 | €208,195 | +€86,306 | +70.8% |
| Distributable reserves | 133 | €121,888 | €208,195 | +€86,306 | +70.8% |
| Amounts payable | 17/49 | €164,417 | €201,582 | +€37,165 | +22.6% |
| Amounts payable after more than one year | 17 | €103,683 | €119,082 | +€15,399 | +14.9% |
| Financial debts | 170/4 | €89,880 | €60,839 | -€29,042 | -32.3% |
| Other amounts payable | 178/9 | €13,802 | €58,243 | +€44,441 | +322.0% |
| Amounts payable within one year | 42/48 | €59,189 | €81,515 | +€22,326 | +37.7% |
| Current portion of amounts payable after more than one year | 42 | €28,745 | €29,042 | +€297 | +1.0% |
| Trade debts | 44 | €787 | €4,757 | +€3,969 | +504.1% |
| Suppliers | 440/4 | €787 | €4,757 | +€3,969 | +504.1% |
| Taxes, remuneration and social security | 45 | €19,657 | €15,717 | -€3,940 | -20.0% |
| Taxes | 450/3 | €17,757 | €13,817 | -€3,940 | -22.2% |
| Remuneration and social security | 454/9 | €1,900 | €1,900 | = | 0.0% |
| Other amounts payable | 47/48 | €10,000 | €32,000 | +€22,000 | +220.0% |
| Accrued charges and deferred income | 492/3 | €1,545 | €985 | -€560 | -36.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €387 | €350 | -€36 | -9.4% |
| Other operating charges | 640/8 | €490 | €731 | +€241 | +49.1% |
| Gross operating margin | 9900 | €82,614 | €78,486 | -€4,128 | -5.0% |
| Operating profit (loss) | 9901 | €81,737 | €77,405 | -€4,332 | -5.3% |
| Financial income | 75/76B | - | €83,083 | +€83,083 | |
| Recurring financial income | 75 | - | €83,083 | +€83,083 | |
| Financial charges | 65/66B | €6,359 | €52,499 | +€46,140 | +725.6% |
| Recurring financial charges | 65 | €6,359 | €52,499 | +€46,140 | +725.6% |
| Profit (loss) for the period before taxes | 9903 | €75,379 | €107,989 | +€32,611 | +43.3% |
| Income taxes | 67/77 | €24,085 | €16,683 | -€7,401 | -30.7% |
| Profit (loss) for the period | 9904 | €51,294 | €91,306 | +€40,012 | +78.0% |
| Profit (loss) for the period to be appropriated | 9905 | €51,294 | €91,306 | +€40,012 | +78.0% |
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 29 September 2026 via checked.be.