TRA: 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.
TRA
Largest movements
- Receivables within one year +€104,493
up €104,493 (+77.9%), from €134,148 to €238,641
of which Trade receivables: +€125,949
- Tangible fixed assets +€25,956
up €25,956 (+88.7%), from €29,264 to €55,220
- Stocks and contracts +€10,250
up €10,250 (+21.0%), from €48,802 to €59,052
- Cash -€4,854
down €4,854 (-50.8%), from €9,555 to €4,701
mainly Receivables within one year (-€104,493) and Investment in fixed assets (net) (-€37,470)
- Trade debts +€116,711
up €116,711 (+197.8%), from €59,013 to €175,724
- Profit (loss) carried forward +€59,347
up €59,347 (+114.4%), from €51,882 to €111,229
- Other debts -€21,442
down €21,442 (-70.4%), from €30,461 to €9,019
- Tax, wage and social debts -€19,271
down €19,271 (-25.2%), from €76,606 to €57,335
of which Remuneration and social security: -€31,378
- Turnover -€581,605
no longer reported in 2024 (was €581,605)
- Purchases and services -€386,243
no longer reported in 2024 (was €386,243)
- Gross operating margin -€13,152
down €13,152 (-6.7%), from €195,180 to €182,028
- Staff costs -€11,053
down €11,053 (-9.9%), from €112,055 to €101,003
- Taxes +€6,691
new in 2024: €6,691
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €237,276 | €373,121 | +€135,845 | +57.3% |
| Fixed assets | 21/28 | €44,364 | €70,320 | +€25,956 | +58.5% |
| Tangible fixed assets | 22/27 | €29,264 | €55,220 | +€25,956 | +88.7% |
| Plant, machinery and equipment | 23 | - | €8,555 | +€8,555 | |
| Furniture and vehicles | 24 | €27,767 | €33,107 | +€5,340 | +19.2% |
| Other tangible fixed assets | 26 | €1,497 | €13,558 | +€12,061 | +805.6% |
| Financial fixed assets | 28 | €15,100 | €15,100 | = | 0.0% |
| Current assets | 29/58 | €192,912 | €302,800 | +€109,889 | +57.0% |
| Stocks and contracts in progress | 3 | €48,802 | €59,052 | +€10,250 | +21.0% |
| Stocks | 30/36 | €48,802 | €59,052 | +€10,250 | +21.0% |
| Amounts receivable within one year | 40/41 | €134,148 | €238,641 | +€104,493 | +77.9% |
| Trade receivables | 40 | €112,692 | €238,641 | +€125,949 | +111.8% |
| Other amounts receivable | 41 | €21,456 | - | -€21,456 | |
| Cash at bank and in hand | 54/58 | €9,555 | €4,701 | -€4,854 | -50.8% |
| Deferred charges and accrued income | 490/1 | €406 | €406 | = | 0.0% |
| Total equity and liabilities | 10/49 | €237,276 | €373,121 | +€135,845 | +57.3% |
| Equity | 10/15 | €70,570 | €129,917 | +€59,347 | +84.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €88 | €88 | = | 0.0% |
| Non-distributable reserves | 130/1 | €88 | €88 | = | 0.0% |
| Reserves not available under the articles | 1311 | €88 | €88 | = | 0.0% |
| Profit (loss) carried forward | 14 | €51,882 | €111,229 | +€59,347 | +114.4% |
| Amounts payable | 17/49 | €166,706 | €243,204 | +€76,498 | +45.9% |
| Amounts payable within one year | 42/48 | €166,706 | €243,204 | +€76,498 | +45.9% |
| Trade debts | 44 | €59,013 | €175,724 | +€116,711 | +197.8% |
| Suppliers | 440/4 | €59,013 | €175,724 | +€116,711 | +197.8% |
| Advances received on contracts in progress | 46 | €626 | €1,126 | +€500 | +79.9% |
| Taxes, remuneration and social security | 45 | €76,606 | €57,335 | -€19,271 | -25.2% |
| Taxes | 450/3 | €15,521 | €27,628 | +€12,107 | +78.0% |
| Remuneration and social security | 454/9 | €61,085 | €29,706 | -€31,378 | -51.4% |
| Other amounts payable | 47/48 | €30,461 | €9,019 | -€21,442 | -70.4% |
| Turnover | 70 | €581,605 | - | -€581,605 | |
| Goods, raw materials, services and sundry goods | 60/61 | €386,243 | - | -€386,243 | |
| Remuneration, social security and pensions | 62 | €112,055 | €101,003 | -€11,053 | -9.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,119 | €11,513 | +€3,395 | +41.8% |
| Other operating charges | 640/8 | €2,353 | €2,950 | +€597 | +25.4% |
| Gross operating margin | 9900 | €195,180 | €182,028 | -€13,152 | -6.7% |
| Operating profit (loss) | 9901 | €72,653 | €66,562 | -€6,091 | -8.4% |
| Financial charges | 65/66B | €457 | €524 | +€67 | +14.6% |
| Recurring financial charges | 65 | €457 | €524 | +€67 | +14.6% |
| Profit (loss) for the period before taxes | 9903 | €72,196 | €66,039 | -€6,157 | -8.5% |
| Income taxes | 67/77 | - | €6,691 | +€6,691 | |
| Profit (loss) for the period | 9904 | €72,196 | €59,347 | -€12,849 | -17.8% |
| Profit (loss) for the period to be appropriated | 9905 | €72,196 | €59,347 | -€12,849 | -17.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.