TR SOLUTIONS: 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 SOLUTIONS
Largest movements
- Receivables after one year +€28,649
new in 2025: €28,649
- Receivables within one year -€27,608
down €27,608 (-53.0%), from €52,048 to €24,440
of which Other amounts receivable: -€27,331
- Cash +€16,807
up €16,807 (+16.5%), from €101,790 to €118,597
mainly Other debts (+€50,000) and Net result for the year (+€43,366)
- Other debts +€50,000
new in 2025: €50,000
- Tax, wage and social debts -€25,532
down €25,532 (-58.8%), from €43,392 to €17,860
- Profit (loss) carried forward -€6,634
down €6,634 (-6.1%), from €109,196 to €102,562
- Gross operating margin +€10,652
up €10,652 (+23.5%), from €45,346 to €55,998
- Taxes -€3,782
down €3,782 (-23.8%), from €15,890 to €12,108
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 | €154,842 | €172,876 | +€18,034 | +11.6% |
| Fixed assets | 21/28 | €1,005 | €657 | -€348 | -34.6% |
| Tangible fixed assets | 22/27 | €470 | €122 | -€348 | -74.0% |
| Furniture and vehicles | 24 | €470 | €122 | -€348 | -74.0% |
| Financial fixed assets | 28 | €535 | €535 | = | 0.0% |
| Current assets | 29/58 | €153,838 | €172,219 | +€18,382 | +11.9% |
| Amounts receivable after more than one year | 29 | - | €28,649 | +€28,649 | |
| Other amounts receivable | 291 | - | €28,649 | +€28,649 | |
| Amounts receivable within one year | 40/41 | €52,048 | €24,440 | -€27,608 | -53.0% |
| Trade receivables | 40 | €23,567 | €23,290 | -€277 | -1.2% |
| Other amounts receivable | 41 | €28,481 | €1,150 | -€27,331 | -96.0% |
| Cash at bank and in hand | 54/58 | €101,790 | €118,597 | +€16,807 | +16.5% |
| Deferred charges and accrued income | 490/1 | - | €533 | +€533 | |
| Total equity and liabilities | 10/49 | €154,842 | €172,876 | +€18,034 | +11.6% |
| Equity | 10/15 | €110,346 | €103,712 | -€6,634 | -6.0% |
| Contributions | 10/11 | €1,150 | €1,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | €109,196 | €102,562 | -€6,634 | -6.1% |
| Amounts payable | 17/49 | €44,496 | €69,164 | +€24,668 | +55.4% |
| Amounts payable within one year | 42/48 | €44,496 | €69,164 | +€24,668 | +55.4% |
| Trade debts | 44 | €1,104 | €1,304 | +€200 | +18.1% |
| Suppliers | 440/4 | €1,104 | €1,304 | +€200 | +18.1% |
| Taxes, remuneration and social security | 45 | €43,392 | €17,860 | -€25,532 | -58.8% |
| Taxes | 450/3 | €43,392 | €17,860 | -€25,532 | -58.8% |
| Other amounts payable | 47/48 | - | €50,000 | +€50,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €718 | €348 | -€370 | -51.6% |
| Other operating charges | 640/8 | €159 | €113 | -€46 | -28.7% |
| Gross operating margin | 9900 | €45,346 | €55,998 | +€10,652 | +23.5% |
| Operating profit (loss) | 9901 | €44,469 | €55,537 | +€11,068 | +24.9% |
| Financial charges | 65/66B | €171 | €63 | -€108 | -63.3% |
| Recurring financial charges | 65 | €171 | €63 | -€108 | -63.3% |
| Profit (loss) for the period before taxes | 9903 | €44,298 | €55,474 | +€11,176 | +25.2% |
| Income taxes | 67/77 | €15,890 | €12,108 | -€3,782 | -23.8% |
| Profit (loss) for the period | 9904 | €28,408 | €43,366 | +€14,959 | +52.7% |
| Profit (loss) for the period to be appropriated | 9905 | €28,408 | €43,366 | +€14,959 | +52.7% |
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 1 October 2026 via checked.be.