TRARHO: 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.
TRARHO
Largest movements
- Receivables within one year +€55,275
up €55,275 (+211.3%), from €26,154 to €81,430
of which Other amounts receivable: +€54,875
- Tangible fixed assets +€14,739
up €14,739 (+4.8%), from €305,120 to €319,858
of which Furniture and vehicles: +€22,746
- Debts after one year +€43,869
up €43,869 (+19.5%), from €224,552 to €268,421
- Current portion of long-term debt +€9,653
up €9,653 (+70.5%), from €13,694 to €23,348
- Trade debts +€8,490
up €8,490 (+48.9%), from €17,365 to €25,855
- Reserves +€6,831
up €6,831 (+177.9%), from €3,839 to €10,670
- Other debts +€5,685
up €5,685 (+113.7%), from €5,000 to €10,685
- Gross operating margin +€38,281
up €38,281 (+184.8%), from €20,718 to €59,000
- Financial charges +€11,016
up €11,016 (+97.1%), from €11,348 to €22,364
- Depreciation +€9,371
up €9,371 (+112.7%), from €8,313 to €17,684
- Taxes +€5,158
up €5,158 (+141.2%), from €3,652 to €8,811
- Other operating charges +€743
up €743 (+32.8%), from €2,268 to €3,011
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 | €334,948 | €403,211 | +€68,263 | +20.4% |
| Fixed assets | 21/28 | €305,120 | €319,858 | +€14,739 | +4.8% |
| Tangible fixed assets | 22/27 | €305,120 | €319,858 | +€14,739 | +4.8% |
| Land and buildings | 22 | €298,082 | €289,468 | -€8,614 | -2.9% |
| Plant, machinery and equipment | 23 | €7,038 | €7,644 | +€606 | +8.6% |
| Furniture and vehicles | 24 | €0 | €22,746 | +€22,746 | |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €29,828 | €83,353 | +€53,525 | +179.4% |
| Amounts receivable within one year | 40/41 | €26,154 | €81,430 | +€55,275 | +211.3% |
| Trade receivables | 40 | €783 | €1,183 | +€400 | +51.1% |
| Other amounts receivable | 41 | €25,371 | €80,246 | +€54,875 | +216.3% |
| Cash at bank and in hand | 54/58 | €3,594 | €462 | -€3,132 | -87.1% |
| Deferred charges and accrued income | 490/1 | €80 | €1,461 | +€1,381 | +1728.3% |
| Total equity and liabilities | 10/49 | €334,948 | €403,211 | +€68,263 | +20.4% |
| Equity | 10/15 | €53,606 | €60,437 | +€6,831 | +12.7% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €3,839 | €10,670 | +€6,831 | +177.9% |
| Distributable reserves | 133 | €3,839 | €10,670 | +€6,831 | +177.9% |
| Profit (loss) carried forward | 14 | €37,267 | €37,267 | +€0 | 0.0% |
| Amounts payable | 17/49 | €281,342 | €342,773 | +€61,432 | +21.8% |
| Amounts payable after more than one year | 17 | €224,552 | €268,421 | +€43,869 | +19.5% |
| Financial debts | 170/4 | €224,552 | €268,421 | +€43,869 | +19.5% |
| Amounts payable within one year | 42/48 | €56,789 | €74,353 | +€17,563 | +30.9% |
| Current portion of amounts payable after more than one year | 42 | €13,694 | €23,348 | +€9,653 | +70.5% |
| Financial debts | 43 | - | €2 | +€2 | |
| Credit institutions | 430/8 | - | €2 | +€2 | |
| Trade debts | 44 | €17,365 | €25,855 | +€8,490 | +48.9% |
| Suppliers | 440/4 | €17,365 | €25,855 | +€8,490 | +48.9% |
| Advances received on contracts in progress | 46 | €6,685 | €2,000 | -€4,685 | -70.1% |
| Taxes, remuneration and social security | 45 | €14,045 | €12,463 | -€1,582 | -11.3% |
| Taxes | 450/3 | €14,045 | €12,463 | -€1,582 | -11.3% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €5,000 | €10,685 | +€5,685 | +113.7% |
| Remuneration, social security and pensions | 62 | €147 | €0 | -€147 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,313 | €17,684 | +€9,371 | +112.7% |
| Other operating charges | 640/8 | €2,268 | €3,011 | +€743 | +32.8% |
| Non-recurring operating charges | 66A | €705 | €300 | -€405 | -57.4% |
| Gross operating margin | 9900 | €20,718 | €59,000 | +€38,281 | +184.8% |
| Operating profit (loss) | 9901 | €9,285 | €38,005 | +€28,720 | +309.3% |
| Financial income | 75/76B | €45 | €1 | -€44 | -98.3% |
| Recurring financial income | 75 | €45 | €1 | -€44 | -98.3% |
| Financial charges | 65/66B | €11,348 | €22,364 | +€11,016 | +97.1% |
| Recurring financial charges | 65 | €11,348 | €22,364 | +€11,016 | +97.1% |
| Profit (loss) for the period before taxes | 9903 | -€2,018 | €15,642 | +€17,660 | |
| Income taxes | 67/77 | €3,652 | €8,811 | +€5,158 | +141.2% |
| Profit (loss) for the period | 9904 | -€5,670 | €6,831 | +€12,502 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,670 | €6,831 | +€12,502 |
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.