TR&I: what changed
TR&I
Largest movements
- Cash +€19,789
up €19,789 (+114%), from €17,399 to €37,188
mainly Net result for the year (+€11,932) and Other debts (+€6,894)
- Receivables within one year +€4,786
up €4,786 (+334%), from €1,433 to €6,220
of which Trade receivables: +€5,062
- Tangible fixed assets -€3,800
down €3,800 (-21.4%), from €17,733 to €13,933
- Deferred charges and accrued income +€1,012
new in 2025: €1,012
- Profit (loss) carried forward +€11,932
up €11,932, from -€7,231 to €4,701
- Other debts +€6,894
up €6,894 (+17.4%), from €39,525 to €46,419
- Tax, wage and social debts +€2,695
new in 2025: €2,695
of which Remuneration and social security: +€1,504
- Gross operating margin +€22,904
up €22,904, from -€5,351 to €17,553
- Depreciation +€2,533
up €2,533 (+200%), from €1,267 to €3,800
- Taxes +€1,191
new in 2025: €1,191
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €36,565 | €58,353 | +€21,788 | +59.6% |
| Fixed assets | 21/28 | €17,733 | €13,933 | -€3,800 | -21.4% |
| Tangible fixed assets | 22/27 | €17,733 | €13,933 | -€3,800 | -21.4% |
| Furniture and vehicles | 24 | €17,733 | €13,933 | -€3,800 | -21.4% |
| Current assets | 29/58 | €18,832 | €44,420 | +€25,588 | +136% |
| Amounts receivable within one year | 40/41 | €1,433 | €6,220 | +€4,786 | +334% |
| Trade receivables | 40 | €1,157 | €6,219 | +€5,062 | +438% |
| Other amounts receivable | 41 | €276 | €0 | -€276 | -100.0% |
| Cash at bank and in hand | 54/58 | €17,399 | €37,188 | +€19,789 | +114% |
| Deferred charges and accrued income | 490/1 | - | €1,012 | +€1,012 | |
| Total equity and liabilities | 10/49 | €36,565 | €58,353 | +€21,788 | +59.6% |
| Equity | 10/15 | -€4,231 | €7,701 | +€11,932 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,231 | €4,701 | +€11,932 | |
| Amounts payable | 17/49 | €40,797 | €50,653 | +€9,856 | +24.2% |
| Amounts payable within one year | 42/48 | €40,797 | €50,653 | +€9,856 | +24.2% |
| Trade debts | 44 | €1,272 | €1,539 | +€268 | +21.0% |
| Suppliers | 440/4 | €1,272 | €1,539 | +€268 | +21.0% |
| Taxes, remuneration and social security | 45 | - | €2,695 | +€2,695 | |
| Taxes | 450/3 | - | €1,191 | +€1,191 | |
| Remuneration and social security | 454/9 | - | €1,504 | +€1,504 | |
| Other amounts payable | 47/48 | €39,525 | €46,419 | +€6,894 | +17.4% |
| Remuneration, social security and pensions | 62 | - | €15 | +€15 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,267 | €3,800 | +€2,533 | +200% |
| Other operating charges | 640/8 | €574 | €540 | -€34 | -5.9% |
| Gross operating margin | 9900 | -€5,351 | €17,553 | +€22,904 | |
| Operating profit (loss) | 9901 | -€7,191 | €13,198 | +€20,389 | |
| Financial charges | 65/66B | €40 | €75 | +€35 | +87.5% |
| Recurring financial charges | 65 | €40 | €75 | +€35 | +87.5% |
| Profit (loss) for the period before taxes | 9903 | -€7,231 | €13,123 | +€20,354 | |
| Income taxes | 67/77 | - | €1,191 | +€1,191 | |
| Profit (loss) for the period | 9904 | -€7,231 | €11,932 | +€19,163 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,231 | €11,932 | +€19,163 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.