TRAINM Clinics: 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.
TRAINM Clinics
Largest movements
- Receivables within one year +€1.2m
up €1.2m (+52.3%), from €2.3m to €3.5m
of which Trade receivables: +€872,795
- Tangible fixed assets -€506,639
down €506,639 (-11.8%), from €4.3m to €3.8m
of which Leasing and similar rights: -€359,341
- Cash +€238,716
up €238,716 (+15.5%), from €1.5m to €1.8m
mainly Depreciation (+€629,980) and Debts after one year (+€547,319)
- Financial fixed assets +€189,650
up €189,650 (+1,534%), from €12,363 to €202,014
- Current investments -€119,000
down €119,000 (-33.3%), from €357,000 to €238,000
- Debts after one year +€547,319
up €547,319 (+8.6%), from €6.3m to €6.9m
- Revaluation surpluses +€189,650
new in 2025: €189,650
- Profit (loss) carried forward +€184,384
up €184,384 (+23.3%), from -€792,841 to -€608,457
- Accrued charges and deferred income +€158,420
up €158,420 (+63.9%), from €248,035 to €406,455
- Gross operating margin +€134,538
up €134,538 (+12.1%), from €1.1m to €1.2m
- Staff costs +€83,371
up €83,371 (+138%), from €60,231 to €143,602
- Depreciation +€48,363
up €48,363 (+8.3%), from €581,618 to €629,980
- Financial income -€47,909
down €47,909 (-45.9%), from €104,332 to €56,423
of which Non-recurring financial income: -€37,228
- Financial charges -€16,319
down €16,319 (-4.7%), from €348,089 to €331,770
of which Financial charges: -€16,319
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.
Derived cash bridge
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 | €9,584,502 | €10,732,889 | +€1.1m | +12.0% |
| Formation expenses | 20 | €149,122 | €124,041 | -€25,081 | -16.8% |
| Fixed assets | 21/28 | €5,104,070 | €4,841,023 | -€263,047 | -5.2% |
| Intangible fixed assets | 21 | €804,978 | €858,920 | +€53,942 | +6.7% |
| Tangible fixed assets | 22/27 | €4,286,729 | €3,780,090 | -€506,639 | -11.8% |
| Plant, machinery and equipment | 23 | €429,919 | €352,143 | -€77,776 | -18.1% |
| Furniture and vehicles | 24 | €117,399 | €94,313 | -€23,085 | -19.7% |
| Leasing and similar rights | 25 | €3,044,366 | €2,685,025 | -€359,341 | -11.8% |
| Other tangible fixed assets | 26 | €695,046 | €648,608 | -€46,437 | -6.7% |
| Financial fixed assets | 28 | €12,363 | €202,014 | +€189,650 | +1,534% |
| Current assets | 29/58 | €4,331,310 | €5,767,825 | +€1.4m | +33.2% |
| Amounts receivable within one year | 40/41 | €2,320,571 | €3,534,868 | +€1.2m | +52.3% |
| Trade receivables | 40 | €1,088,455 | €1,961,251 | +€872,795 | +80.2% |
| Other amounts receivable | 41 | €1,232,115 | €1,573,617 | +€341,502 | +27.7% |
| Current investments | 50/53 | €357,000 | €238,000 | -€119,000 | -33.3% |
| Cash at bank and in hand | 54/58 | €1,537,488 | €1,776,204 | +€238,716 | +15.5% |
| Deferred charges and accrued income | 490/1 | €116,252 | €218,753 | +€102,501 | +88.2% |
| Total equity and liabilities | 10/49 | €9,584,502 | €10,732,889 | +€1.1m | +12.0% |
| Equity | 10/15 | €1,539,864 | €1,913,899 | +€374,035 | +24.3% |
| Contributions | 10/11 | €2,332,705 | €2,332,705 | = | 0.0% |
| Capital | 10 | €2,332,705 | €2,332,705 | = | 0.0% |
| Issued capital | 100 | €2,332,705 | €2,332,705 | = | 0.0% |
| Revaluation surpluses | 12 | - | €189,650 | +€189,650 | |
| Profit (loss) carried forward | 14 | -€792,841 | -€608,457 | +€184,384 | +23.3% |
| Amounts payable | 17/49 | €8,044,638 | €8,818,991 | +€774,353 | +9.6% |
| Amounts payable after more than one year | 17 | €6,334,918 | €6,882,237 | +€547,319 | +8.6% |
| Financial debts | 170/4 | €6,334,918 | €6,882,237 | +€547,319 | +8.6% |
| Amounts payable within one year | 42/48 | €1,461,685 | €1,530,299 | +€68,614 | +4.7% |
| Current portion of amounts payable after more than one year | 42 | €637,174 | €711,377 | +€74,202 | +11.6% |
| Trade debts | 44 | €749,516 | €762,193 | +€12,677 | +1.7% |
| Suppliers | 440/4 | €749,516 | €762,193 | +€12,677 | +1.7% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €69,815 | €56,607 | -€13,208 | -18.9% |
| Taxes | 450/3 | €49,016 | €42,562 | -€6,455 | -13.2% |
| Remuneration and social security | 454/9 | €20,799 | €14,045 | -€6,754 | -32.5% |
| Other amounts payable | 47/48 | €5,180 | €123 | -€5,057 | -97.6% |
| Accrued charges and deferred income | 492/3 | €248,035 | €406,455 | +€158,420 | +63.9% |
| Remuneration, social security and pensions | 62 | €60,231 | €143,602 | +€83,371 | +138% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €581,618 | €629,980 | +€48,363 | +8.3% |
| Other operating charges | 640/8 | €16,624 | €8,858 | -€7,766 | -46.7% |
| Gross operating margin | 9900 | €1,107,633 | €1,242,171 | +€134,538 | +12.1% |
| Operating profit (loss) | 9901 | €449,161 | €459,731 | +€10,570 | +2.4% |
| Financial income | 75/76B | €104,332 | €56,423 | -€47,909 | -45.9% |
| Recurring financial income | 75 | €67,105 | €56,423 | -€10,681 | -15.9% |
| Non-recurring financial income | 76B | €37,228 | €0 | -€37,228 | -100% |
| Financial charges | 65/66B | €348,089 | €331,770 | -€16,319 | -4.7% |
| Recurring financial charges | 65 | €348,089 | €331,770 | -€16,319 | -4.7% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €205,404 | €184,384 | -€21,020 | -10.2% |
| Income taxes | 67/77 | -€5,172 | €0 | +€5,172 | |
| Profit (loss) for the period | 9904 | €210,576 | €184,384 | -€26,192 | -12.4% |
| Profit (loss) for the period to be appropriated | 9905 | €210,576 | €184,384 | -€26,192 | -12.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.