TRB INDUSTRIES: 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.
TRB INDUSTRIES
Largest movements
- Current investments +€127,107
up €127,107 (+25.6%), from €497,472 to €624,580
- Receivables within one year +€71,139
up €71,139 (+11.6%), from €613,087 to €684,226
of which Trade receivables: +€115,183
- Stocks and contracts +€45,044
up €45,044 (+184%), from €24,535 to €69,578
of which Contracts in progress: +€44,290
- Cash +€33,950
up €33,950 (+449%), from €7,553 to €41,504
mainly Net result for the year (+€311,934) and Depreciation (+€9,595)
- Reserves +€309,000
up €309,000 (+36.4%), from €850,000 to €1.2m
of which Distributable reserves: +€309,000
- Short-term financial debts -€38,423
down €38,423 (-35.8%), from €107,190 to €68,767
- Gross operating margin +€153,190
up €153,190 (+16.9%), from €906,399 to €1.1m
- Staff costs +€79,469
up €79,469 (+14.5%), from €548,807 to €628,276
- Other operating charges -€20,992
down €20,992 (-91.7%), from €22,889 to €1,898
- Write-downs +€20,749
no longer reported in 2025 (was -€20,749)
- Taxes +€20,011
up €20,011 (+23.2%), from €86,356 to €106,367
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 | €1,253,598 | €1,523,011 | +€269,414 | +21.5% |
| Fixed assets | 21/28 | €107,748 | €99,847 | -€7,901 | -7.3% |
| Tangible fixed assets | 22/27 | €17,257 | €11,536 | -€5,721 | -33.2% |
| Plant, machinery and equipment | 23 | €5,930 | €4,964 | -€966 | -16.3% |
| Furniture and vehicles | 24 | €9,140 | €2,757 | -€6,384 | -69.8% |
| Other tangible fixed assets | 26 | €2,187 | €3,815 | +€1,628 | +74.5% |
| Financial fixed assets | 28 | €90,491 | €88,311 | -€2,180 | -2.4% |
| Current assets | 29/58 | €1,145,849 | €1,423,165 | +€277,315 | +24.2% |
| Stocks and contracts in progress | 3 | €24,535 | €69,578 | +€45,044 | +184% |
| Stocks | 30/36 | €10,400 | €11,154 | +€754 | +7.2% |
| Contracts in progress | 37 | €14,134 | €58,424 | +€44,290 | +313% |
| Amounts receivable within one year | 40/41 | €613,087 | €684,226 | +€71,139 | +11.6% |
| Trade receivables | 40 | €490,621 | €605,805 | +€115,183 | +23.5% |
| Other amounts receivable | 41 | €122,465 | €78,421 | -€44,045 | -36.0% |
| Current investments | 50/53 | €497,472 | €624,580 | +€127,107 | +25.6% |
| Cash at bank and in hand | 54/58 | €7,553 | €41,504 | +€33,950 | +449% |
| Deferred charges and accrued income | 490/1 | €3,202 | €3,277 | +€75 | +2.3% |
| Total equity and liabilities | 10/49 | €1,253,598 | €1,523,011 | +€269,414 | +21.5% |
| Equity | 10/15 | €881,726 | €1,193,660 | +€311,934 | +35.4% |
| Contributions | 10/11 | €26,650 | €26,650 | = | 0.0% |
| Reserves | 13 | €850,000 | €1,159,000 | +€309,000 | +36.4% |
| Tax-exempt reserves | 132 | €9,000 | €9,000 | = | 0.0% |
| Distributable reserves | 133 | €841,000 | €1,150,000 | +€309,000 | +36.7% |
| Profit (loss) carried forward | 14 | €5,076 | €8,010 | +€2,934 | +57.8% |
| Amounts payable | 17/49 | €371,871 | €329,352 | -€42,520 | -11.4% |
| Amounts payable within one year | 42/48 | €371,499 | €329,152 | -€42,348 | -11.4% |
| Current portion of amounts payable after more than one year | 42 | €5,386 | - | -€5,386 | |
| Financial debts | 43 | €107,190 | €68,767 | -€38,423 | -35.8% |
| Credit institutions | 430/8 | €107,190 | €68,767 | -€38,423 | -35.8% |
| Trade debts | 44 | €228,807 | €226,016 | -€2,791 | -1.2% |
| Suppliers | 440/4 | €228,807 | €226,016 | -€2,791 | -1.2% |
| Taxes, remuneration and social security | 45 | €29,661 | €33,913 | +€4,253 | +14.3% |
| Taxes | 450/3 | €7,655 | €8,540 | +€885 | +11.6% |
| Remuneration and social security | 454/9 | €22,005 | €25,373 | +€3,368 | +15.3% |
| Other amounts payable | 47/48 | €456 | €456 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €372 | €200 | -€172 | -46.3% |
| Remuneration, social security and pensions | 62 | €548,807 | €628,276 | +€79,469 | +14.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,428 | €9,595 | -€832 | -8.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€20,749 | - | +€20,749 | |
| Other operating charges | 640/8 | €22,889 | €1,898 | -€20,992 | -91.7% |
| Non-recurring operating charges | 66A | €771 | - | -€771 | |
| Gross operating margin | 9900 | €906,399 | €1,059,589 | +€153,190 | +16.9% |
| Operating profit (loss) | 9901 | €344,253 | €419,820 | +€75,567 | +22.0% |
| Financial income | 75/76B | €4,794 | €7,239 | +€2,444 | +51.0% |
| Recurring financial income | 75 | €4,794 | €7,239 | +€2,444 | +51.0% |
| Financial charges | 65/66B | €9,929 | €8,758 | -€1,171 | -11.8% |
| Recurring financial charges | 65 | €9,929 | €8,758 | -€1,171 | -11.8% |
| Profit (loss) for the period before taxes | 9903 | €339,118 | €418,301 | +€79,182 | +23.3% |
| Income taxes | 67/77 | €86,356 | €106,367 | +€20,011 | +23.2% |
| Profit (loss) for the period | 9904 | €252,762 | €311,934 | +€59,172 | +23.4% |
| Profit (loss) for the period to be appropriated | 9905 | €252,762 | €311,934 | +€59,172 | +23.4% |
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 20 October 2026 via checked.be.