TRB Construct: 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.
TRB Construct
Largest movements
- Cash -€39,102
down €39,102 (-39.3%), from €99,392 to €60,290
mainly Contributions, distributions and other (-€55,000) and Debts after one year (-€10,130)
- Tangible fixed assets -€7,396
down €7,396 (-11.6%), from €63,507 to €56,111
- Stocks and contracts +€7,199
new in 2025: €7,199
- Receivables within one year -€4,439
down €4,439 (-12.6%), from €35,209 to €30,770
of which Other amounts receivable: -€5,901
- Reserves -€34,000
down €34,000 (-20.4%), from €166,398 to €132,398
- Debts after one year -€10,130
down €10,130 (-36.1%), from €28,057 to €17,926
- Trade debts +€7,670
up €7,670 (+222.9%), from €3,441 to €11,111
- Other debts -€5,665
down €5,665 (-28.3%), from €20,011 to €14,347
- Gross operating margin +€25,387
up €25,387 (+103.8%), from €24,464 to €49,851
- Taxes +€5,942
up €5,942 (+193.9%), from €3,065 to €9,006
- Depreciation -€808
down €808 (-6.6%), from €12,314 to €11,507
- Financial charges -€707
down €707 (-18.3%), from €3,868 to €3,162
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 | €251,096 | €209,067 | -€42,029 | -16.7% |
| Fixed assets | 21/28 | €63,507 | €56,111 | -€7,396 | -11.6% |
| Tangible fixed assets | 22/27 | €63,507 | €56,111 | -€7,396 | -11.6% |
| Furniture and vehicles | 24 | €63,507 | €56,111 | -€7,396 | -11.6% |
| Current assets | 29/58 | €187,590 | €152,956 | -€34,633 | -18.5% |
| Stocks and contracts in progress | 3 | - | €7,199 | +€7,199 | |
| Stocks | 30/36 | - | €7,199 | +€7,199 | |
| Amounts receivable within one year | 40/41 | €35,209 | €30,770 | -€4,439 | -12.6% |
| Trade receivables | 40 | €26,594 | €28,056 | +€1,462 | +5.5% |
| Other amounts receivable | 41 | €8,615 | €2,714 | -€5,901 | -68.5% |
| Current investments | 50/53 | €50,000 | €50,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €99,392 | €60,290 | -€39,102 | -39.3% |
| Deferred charges and accrued income | 490/1 | €2,988 | €4,697 | +€1,709 | +57.2% |
| Total equity and liabilities | 10/49 | €251,096 | €209,067 | -€42,029 | -16.7% |
| Equity | 10/15 | €167,323 | €133,639 | -€33,685 | -20.1% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €166,398 | €132,398 | -€34,000 | -20.4% |
| Distributable reserves | 133 | €166,398 | €132,398 | -€34,000 | -20.4% |
| Profit (loss) carried forward | 14 | €426 | €741 | +€315 | +74.0% |
| Provisions and deferred taxes | 16 | €15,004 | €15,004 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €15,004 | €15,004 | = | 0.0% |
| Pensions and similar obligations | 160 | €15,004 | €15,004 | = | 0.0% |
| Amounts payable | 17/49 | €68,769 | €60,425 | -€8,344 | -12.1% |
| Amounts payable after more than one year | 17 | €28,057 | €17,926 | -€10,130 | -36.1% |
| Financial debts | 170/4 | €28,057 | €17,926 | -€10,130 | -36.1% |
| Amounts payable within one year | 42/48 | €39,120 | €41,268 | +€2,147 | +5.5% |
| Current portion of amounts payable after more than one year | 42 | €9,686 | €10,130 | +€444 | +4.6% |
| Trade debts | 44 | €3,441 | €11,111 | +€7,670 | +222.9% |
| Suppliers | 440/4 | €3,441 | €11,111 | +€7,670 | +222.9% |
| Taxes, remuneration and social security | 45 | €5,982 | €5,680 | -€302 | -5.0% |
| Taxes | 450/3 | €3,782 | €3,730 | -€51 | -1.4% |
| Remuneration and social security | 454/9 | €2,201 | €1,950 | -€251 | -11.4% |
| Other amounts payable | 47/48 | €20,011 | €14,347 | -€5,665 | -28.3% |
| Accrued charges and deferred income | 492/3 | €1,592 | €1,231 | -€361 | -22.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,314 | €11,507 | -€808 | -6.6% |
| Other operating charges | 640/8 | €1,604 | €1,561 | -€44 | -2.7% |
| Non-recurring operating charges | 66A | - | €4,702 | +€4,702 | |
| Gross operating margin | 9900 | €24,464 | €49,851 | +€25,387 | +103.8% |
| Operating profit (loss) | 9901 | €10,545 | €32,082 | +€21,536 | +204.2% |
| Financial income | 75/76B | €1,734 | €1,401 | -€333 | -19.2% |
| Recurring financial income | 75 | €1,734 | €1,401 | -€333 | -19.2% |
| Financial charges | 65/66B | €3,868 | €3,162 | -€707 | -18.3% |
| Recurring financial charges | 65 | €3,868 | €3,162 | -€707 | -18.3% |
| Profit (loss) for the period before taxes | 9903 | €8,411 | €30,321 | +€21,910 | +260.5% |
| Income taxes | 67/77 | €3,065 | €9,006 | +€5,942 | +193.9% |
| Profit (loss) for the period | 9904 | €5,346 | €21,315 | +€15,969 | +298.7% |
| Profit (loss) for the period to be appropriated | 9905 | €5,346 | €21,315 | +€15,969 | +298.7% |
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 28 September 2026 via checked.be.