TRBA: 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.
What changed
TRBA
NACE 23.630, Manufacture of other non-metallic mineral products
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€3.7m
2024 · €2.7m+€990,960
Equity
€32.8m
2024 · €29.1m+€3.6m
Cash
€0
2024 · €874,996-€874,996
Balance sheet total
€129.8m
2024 · €127.0m+€2.8m
Largest movements
Assets
- Receivables within one year +€4.8m
up €4.8m (+7.5%), from €63.8m to €68.6m
of which Trade receivables: +€6.1m
Equity and liabilities
- Short-term financial debts -€5.9m
down €5.9m (-72.8%), from €8.2m to €2.2m
- Profit (loss) carried forward +€3.7m
up €3.7m (+32.9%), from €11.1m to €14.8m
- Trade debts +€2.5m
up €2.5m (+7.2%), from €34.3m to €36.8m
Income statement
- Turnover +€38.5m
up €38.5m (+26.9%), from €143.0m to €181.5m
- Goods and materials +€14.2m
up €14.2m (+16.7%), from €85.1m to €99.4m
of which Purchases: +€10.6m
- Staff costs +€5.2m
up €5.2m (+17.3%), from €29.9m to €35.1m
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.
Result 2024
€2.7m
Turnover
+€38.5m
Other operating income
+€884,888
Goods and materials
-€14.2m
Services and other goods
-€1.3m
Staff costs
-€5.2m
Depreciation
-€1.3m
Other operating charges
+€329,190
Other operating items
-€16.0m
Financial income
-€99,773
Financial charges
-€206,700
Taxes
-€326,752
Result 2025
€3.7m
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.
From operations
+€12.9m
Investment
-€8.3m
Financing
-€5.5m
Cash 2024
€874,996
From operations (derived)
+€12.9m
Net result for the year
+€3.7m
Depreciation
+€8.3m
Stocks and contracts
+€1.0m
Receivables within one year
-€4.8m
Deferred charges and accrued income
+€114,373
Trade debts
+€2.5m
Tax, wage and social debts
+€1.2m
Advances received
+€1.1m
Other debts
-€137,361
Accrued charges and deferred income
-€48,222
Investment (derived)
-€8.3m
Investment in fixed assets (net)
-€8.3m
Financing
-€5.5m
Debts after one year
-€342,534
Current portion of long-term debt
+€841,364
Short-term financial debts
-€5.9m
Contributions, distributions and other
-€19,200
Cash 2025
€0
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €127,014,270 | €129,768,087 | +€2.8m | +2.2% |
| Fixed assets | 21/28 | €53,500,985 | €53,492,896 | -€8,088 | 0.0% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €50,794,852 | €50,986,088 | +€191,237 | +0.4% |
| Land and buildings | 22 | €20,875,708 | €19,810,560 | -€1.1m | -5.1% |
| Plant, machinery and equipment | 23 | €1,340,886 | €1,126,205 | -€214,682 | -16.0% |
| Furniture and vehicles | 24 | €210,215 | €328,279 | +€118,064 | +56.2% |
| Leasing and similar rights | 25 | €28,309,909 | €29,639,212 | +€1.3m | +4.7% |
| Other tangible fixed assets | 26 | €58,134 | €36,172 | -€21,962 | -37.8% |
| Assets under construction and advance payments | 27 | €0 | €45,661 | +€45,661 | |
| Financial fixed assets | 28 | €2,706,133 | €2,506,808 | -€199,325 | -7.4% |
| Affiliated companies | 280/1 | €402,000 | €402,000 | = | 0.0% |
| Participating interests | 280 | €402,000 | €402,000 | = | 0.0% |
| Other financial fixed assets | 284/8 | €2,304,133 | €2,104,808 | -€199,325 | -8.7% |
| Shares | 284 | €200,539 | €200,539 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €2,103,594 | €1,904,269 | -€199,325 | -9.5% |
| Current assets | 29/58 | €73,513,285 | €76,275,190 | +€2.8m | +3.8% |
| Stocks and contracts in progress | 3 | €8,430,307 | €7,408,741 | -€1.0m | -12.1% |
| Stocks | 30/36 | €8,430,307 | €7,408,741 | -€1.0m | -12.1% |
| Raw materials and consumables | 30/31 | €8,430,307 | €7,408,741 | -€1.0m | -12.1% |
| Amounts receivable within one year | 40/41 | €63,843,276 | €68,616,115 | +€4.8m | +7.5% |
| Trade receivables | 40 | €57,703,379 | €63,812,228 | +€6.1m | +10.6% |
| Other amounts receivable | 41 | €6,139,896 | €4,803,888 | -€1.3m | -21.8% |
| Cash at bank and in hand | 54/58 | €874,996 | €0 | -€874,996 | -100.0% |
| Deferred charges and accrued income | 490/1 | €364,707 | €250,334 | -€114,373 | -31.4% |
| Total equity and liabilities | 10/49 | €127,014,270 | €129,768,087 | +€2.8m | +2.2% |
| Equity | 10/15 | €29,116,505 | €32,750,248 | +€3.6m | +12.5% |
| Contributions | 10/11 | €7,000,000 | €7,000,000 | = | 0.0% |
| Capital | 10 | €7,000,000 | €7,000,000 | = | 0.0% |
| Issued capital | 100 | €7,000,000 | €7,000,000 | = | 0.0% |
| Reserves | 13 | €10,387,644 | €10,387,644 | = | 0.0% |
| Non-distributable reserves | 130/1 | €700,000 | €700,000 | = | 0.0% |
| Legal reserve | 130 | €700,000 | €700,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €9,687,644 | €9,687,644 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,114,281 | €14,767,224 | +€3.7m | +32.9% |
| Investment grants | 15 | €614,579 | €595,379 | -€19,200 | -3.1% |
| Provisions and deferred taxes | 16 | €9,621 | €9,621 | = | 0.0% |
| Deferred taxes | 168 | €9,621 | €9,621 | = | 0.0% |
| Amounts payable | 17/49 | €97,888,144 | €97,008,218 | -€879,927 | -0.9% |
| Amounts payable after more than one year | 17 | €32,916,561 | €32,574,028 | -€342,534 | -1.0% |
| Financial debts | 170/4 | €32,755,946 | €32,428,324 | -€327,622 | -1.0% |
| Leasing and similar obligations | 172 | €18,721,477 | €18,755,883 | +€34,405 | +0.2% |
| Credit institutions | 173 | €14,034,469 | €13,672,441 | -€362,028 | -2.6% |
| Other amounts payable | 178/9 | €160,616 | €145,704 | -€14,911 | -9.3% |
| Amounts payable within one year | 42/48 | €64,532,257 | €64,043,086 | -€489,171 | -0.8% |
| Current portion of amounts payable after more than one year | 42 | €7,777,877 | €8,619,241 | +€841,364 | +10.8% |
| Financial debts | 43 | €8,168,754 | €2,219,390 | -€5.9m | -72.8% |
| Credit institutions | 430/8 | €8,168,754 | €2,219,390 | -€5.9m | -72.8% |
| Trade debts | 44 | €34,302,068 | €36,785,958 | +€2.5m | +7.2% |
| Suppliers | 440/4 | €34,302,068 | €36,785,958 | +€2.5m | +7.2% |
| Advances received on contracts in progress | 46 | €8,156,049 | €9,233,858 | +€1.1m | +13.2% |
| Taxes, remuneration and social security | 45 | €5,558,507 | €6,752,999 | +€1.2m | +21.5% |
| Taxes | 450/3 | €1,172,531 | €1,366,817 | +€194,286 | +16.6% |
| Remuneration and social security | 454/9 | €4,385,977 | €5,386,182 | +€1.0m | +22.8% |
| Other amounts payable | 47/48 | €569,000 | €431,639 | -€137,361 | -24.1% |
| Accrued charges and deferred income | 492/3 | €439,326 | €391,104 | -€48,222 | -11.0% |
| Operating income | 70/76A | €151,600,760 | €174,845,739 | +€23.2m | +15.3% |
| Turnover | 70 | €142,979,381 | €181,454,979 | +€38.5m | +26.9% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€159,973 | -€11,672,342 | -€11.5m | -7196.4% |
| Own construction capitalised | 72 | €4,893,610 | €0 | -€4.9m | -100.0% |
| Other operating income | 74 | €3,811,695 | €4,696,583 | +€884,888 | +23.2% |
| Non-recurring operating income | 76A | €76,048 | €366,518 | +€290,471 | +382.0% |
| Operating charges | 60/66A | €146,450,771 | €168,071,565 | +€21.6m | +14.8% |
| Goods for resale, raw materials and consumables | 60 | €85,111,628 | €99,351,575 | +€14.2m | +16.7% |
| Purchases | 600/8 | €87,739,153 | €98,330,009 | +€10.6m | +12.1% |
| Change in stocks: decrease (increase) | 609 | -€2,627,525 | €1,021,565 | +€3.6m | |
| Services and other goods | 61 | €23,383,560 | €24,705,986 | +€1.3m | +5.7% |
| Remuneration, social security and pensions | 62 | €29,933,068 | €35,117,499 | +€5.2m | +17.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,004,509 | €8,274,598 | +€1.3m | +18.1% |
| Other operating charges | 640/8 | €944,789 | €615,599 | -€329,190 | -34.8% |
| Non-recurring operating charges | 66A | €73,218 | €6,307 | -€66,910 | -91.4% |
| Operating profit (loss) | 9901 | €5,149,990 | €6,774,174 | +€1.6m | +31.5% |
| Financial income | 75/76B | €349,506 | €249,733 | -€99,773 | -28.5% |
| Recurring financial income | 75 | €349,506 | €249,733 | -€99,773 | -28.5% |
| Income from current assets | 751 | €181,145 | €127,698 | -€53,448 | -29.5% |
| Other financial income | 752/9 | €168,361 | €122,035 | -€46,326 | -27.5% |
| Financial charges | 65/66B | €1,484,748 | €1,691,447 | +€206,700 | +13.9% |
| Recurring financial charges | 65 | €1,484,748 | €1,691,447 | +€206,700 | +13.9% |
| Debt charges | 650 | €1,415,295 | €1,570,381 | +€155,085 | +11.0% |
| Other financial charges | 652/9 | €69,452 | €121,067 | +€51,614 | +74.3% |
| Profit (loss) for the period before taxes | 9903 | €4,014,748 | €5,332,460 | +€1.3m | +32.8% |
| Income taxes | 67/77 | €1,352,765 | €1,679,517 | +€326,752 | +24.2% |
| Taxes | 670/3 | €1,352,765 | €1,682,642 | +€329,877 | +24.4% |
| Tax adjustments and reversals of tax provisions | 77 | - | €3,125 | +€3,125 | |
| Profit (loss) for the period | 9904 | €2,661,984 | €3,652,943 | +€990,960 | +37.2% |
| Profit (loss) for the period to be appropriated | 9905 | €2,661,984 | €3,652,943 | +€990,960 | +37.2% |
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 3 October 2026 via checked.be.