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 +€36,609
up €36,609 (+103.8%), from €35,274 to €71,882
- Cash -€2,640
down €2,640 (-13.3%), from €19,873 to €17,233
mainly Receivables within one year (-€36,609) and Trade debts (-€109)
- Reserves +€23,959
up €23,959 (+133.7%), from €17,918 to €41,876
- Tax, wage and social debts +€6,289
up €6,289 (+96.7%), from €6,506 to €12,795
- Other debts +€3,475
up €3,475 (+30.9%), from €11,254 to €14,729
- Gross operating margin +€13,785
up €13,785 (+65.7%), from €20,989 to €34,774
- Taxes +€3,670
up €3,670 (+68.7%), from €5,343 to €9,013
- Other operating charges -€486
down €486 (-48.6%), from €999 to €513
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 | €56,151 | €89,765 | +€33,614 | +59.9% |
| Fixed assets | 21/28 | €1,005 | €650 | -€355 | -35.3% |
| Tangible fixed assets | 22/27 | €1,005 | €650 | -€355 | -35.3% |
| Furniture and vehicles | 24 | €1,005 | €650 | -€355 | -35.3% |
| Current assets | 29/58 | €55,147 | €89,115 | +€33,969 | +61.6% |
| Amounts receivable within one year | 40/41 | €35,274 | €71,882 | +€36,609 | +103.8% |
| Trade receivables | 40 | €35,274 | €71,882 | +€36,609 | +103.8% |
| Cash at bank and in hand | 54/58 | €19,873 | €17,233 | -€2,640 | -13.3% |
| Total equity and liabilities | 10/49 | €56,151 | €89,765 | +€33,614 | +59.9% |
| Equity | 10/15 | €37,918 | €61,876 | +€23,959 | +63.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €17,918 | €41,876 | +€23,959 | +133.7% |
| Distributable reserves | 133 | €17,918 | €41,876 | +€23,959 | +133.7% |
| Amounts payable | 17/49 | €18,233 | €27,889 | +€9,655 | +53.0% |
| Amounts payable within one year | 42/48 | €18,233 | €27,889 | +€9,655 | +53.0% |
| Trade debts | 44 | €474 | €365 | -€109 | -23.0% |
| Suppliers | 440/4 | €474 | €365 | -€109 | -23.0% |
| Taxes, remuneration and social security | 45 | €6,506 | €12,795 | +€6,289 | +96.7% |
| Taxes | 450/3 | €6,506 | €12,795 | +€6,289 | +96.7% |
| Other amounts payable | 47/48 | €11,254 | €14,729 | +€3,475 | +30.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20 | €355 | +€335 | +1656.9% |
| Other operating charges | 640/8 | €999 | €513 | -€486 | -48.6% |
| Gross operating margin | 9900 | €20,989 | €34,774 | +€13,785 | +65.7% |
| Operating profit (loss) | 9901 | €19,969 | €33,906 | +€13,936 | +69.8% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €834 | €934 | +€100 | +12.0% |
| Recurring financial charges | 65 | €834 | €934 | +€100 | +12.0% |
| Profit (loss) for the period before taxes | 9903 | €19,135 | €32,971 | +€13,836 | +72.3% |
| Income taxes | 67/77 | €5,343 | €9,013 | +€3,670 | +68.7% |
| Profit (loss) for the period | 9904 | €13,792 | €23,959 | +€10,167 | +73.7% |
| Profit (loss) for the period to be appropriated | 9905 | €13,792 | €23,959 | +€10,167 | +73.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.