TR Services: 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 Services
Largest movements
- Cash +€10,853
up €10,853 (+13.6%), from €79,684 to €90,537
mainly Net result for the year (+€24,893) and Other debts (+€24,360)
- Tangible fixed assets -€10,167
down €10,167 (-53.1%), from €19,163 to €8,996
of which Furniture and vehicles: -€9,759
- Receivables within one year +€1,540
up €1,540 (+230.2%), from €669 to €2,209
of which Other amounts receivable: +€2,209
- Deferred charges and accrued income -€1,314
down €1,314 (-38.3%), from €3,427 to €2,113
- Other debts +€24,360
up €24,360 (+5130.4%), from €475 to €24,835
- Debts after one year -€13,199
down €13,199 (-53.9%), from €24,481 to €11,282
- Tax, wage and social debts -€5,637
down €5,637 (-35.3%), from €15,949 to €10,312
- Reserves -€5,107
down €5,107 (-11.4%), from €44,643 to €39,536
- Depreciation -€8,992
down €8,992 (-38.5%), from €23,356 to €14,365
- Gross operating margin -€5,740
down €5,740 (-10.1%), from €56,959 to €51,220
- Staff costs +€2,720
new in 2025: €2,720
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 | €102,943 | €103,855 | +€912 | +0.9% |
| Fixed assets | 21/28 | €19,163 | €8,996 | -€10,167 | -53.1% |
| Tangible fixed assets | 22/27 | €19,163 | €8,996 | -€10,167 | -53.1% |
| Plant, machinery and equipment | 23 | €1,592 | €1,184 | -€408 | -25.6% |
| Furniture and vehicles | 24 | €17,570 | €7,812 | -€9,759 | -55.5% |
| Current assets | 29/58 | €83,780 | €94,859 | +€11,078 | +13.2% |
| Amounts receivable within one year | 40/41 | €669 | €2,209 | +€1,540 | +230.2% |
| Trade receivables | 40 | €669 | €0 | -€669 | -100.0% |
| Other amounts receivable | 41 | - | €2,209 | +€2,209 | |
| Cash at bank and in hand | 54/58 | €79,684 | €90,537 | +€10,853 | +13.6% |
| Deferred charges and accrued income | 490/1 | €3,427 | €2,113 | -€1,314 | -38.3% |
| Total equity and liabilities | 10/49 | €102,943 | €103,855 | +€912 | +0.9% |
| Equity | 10/15 | €47,643 | €42,536 | -€5,107 | -10.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €44,643 | €39,536 | -€5,107 | -11.4% |
| Distributable reserves | 133 | €44,643 | €39,536 | -€5,107 | -11.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €55,300 | €61,319 | +€6,019 | +10.9% |
| Amounts payable after more than one year | 17 | €24,481 | €11,282 | -€13,199 | -53.9% |
| Financial debts | 170/4 | €24,481 | €11,282 | -€13,199 | -53.9% |
| Amounts payable within one year | 42/48 | €30,819 | €50,037 | +€19,218 | +62.4% |
| Current portion of amounts payable after more than one year | 42 | €12,839 | €13,199 | +€360 | +2.8% |
| Trade debts | 44 | €1,556 | €1,691 | +€135 | +8.7% |
| Suppliers | 440/4 | €1,556 | €1,691 | +€135 | +8.7% |
| Taxes, remuneration and social security | 45 | €15,949 | €10,312 | -€5,637 | -35.3% |
| Taxes | 450/3 | €15,949 | €10,312 | -€5,637 | -35.3% |
| Other amounts payable | 47/48 | €475 | €24,835 | +€24,360 | +5130.4% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | - | €2,720 | +€2,720 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,356 | €14,365 | -€8,992 | -38.5% |
| Other operating charges | 640/8 | €1,013 | €989 | -€24 | -2.4% |
| Non-recurring operating charges | 66A | - | €13 | +€13 | |
| Gross operating margin | 9900 | €56,959 | €51,220 | -€5,740 | -10.1% |
| Operating profit (loss) | 9901 | €32,590 | €33,133 | +€543 | +1.7% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €1,286 | €950 | -€336 | -26.1% |
| Recurring financial charges | 65 | €1,286 | €950 | -€336 | -26.1% |
| Profit (loss) for the period before taxes | 9903 | €31,304 | €32,183 | +€879 | +2.8% |
| Income taxes | 67/77 | €7,215 | €7,291 | +€75 | +1.0% |
| Profit (loss) for the period | 9904 | €24,089 | €24,893 | +€804 | +3.3% |
| Profit (loss) for the period to be appropriated | 9905 | €24,089 | €24,893 | +€804 | +3.3% |
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 8 October 2026 via checked.be.