TRBA IMMO: what changed
What changed
TRBA IMMO
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
-€12,010
2024 · €574,497-€586,507
Equity
€5.0m
2024 · €12.3m-€7.2m
Cash
€14,557
2024 · €39,431-€24,874
Balance sheet total
€9.0m
2024 · €21.3m-€12.3m
Largest movements
Assets
- Financial fixed assets -€9.0m
down €9.0m (-73.4%), from €12.3m to €3.3m
- Receivables within one year -€2.9m
down €2.9m (-97.1%), from €3.0m to €86,562
of which Other amounts receivable: -€2.3m
- Tangible fixed assets -€244,197
down €244,197 (-4.2%), from €5.9m to €5.6m
of which Land and buildings: -€202,199
Equity and liabilities
- Profit (loss) carried forward -€4.1m
down €4.1m (-61.2%), from €6.7m to €2.6m
- Revaluation surpluses -€3.0m
down €3.0m (-56.5%), from €5.4m to €2.3m
- Other debts -€2.5m
down €2.5m (-59.9%), from €4.1m to €1.7m
- Provisions -€1.9m
down €1.9m (-100%), from €1.9m to €0
- Tax, wage and social debts -€283,527
down €283,527 (-94.2%), from €300,895 to €17,368
of which Taxes: -€238,417
Income statement
- Gross operating margin -€1.5m
down €1.5m (-81.3%), from €1.8m to €334,277
- Staff costs -€444,200
down €444,200 (-100%), from €444,200 to €0
- Financial charges -€309,842
down €309,842 (-85.3%), from €363,044 to €53,202
- Taxes -€173,576
down €173,576 (-91.1%), from €190,576 to €17,000
- Financial income -€70,000
down €70,000 (-100%), from €70,000 to €0
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€574,497
Gross operating margin
-€1.5m
Staff costs
+€444,200
Depreciation
+€12,891
Other operating charges
-€4,187
Financial income
-€70,000
Financial charges
+€309,842
Taxes
+€173,576
Result 2025
-€12,010
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€1.6m
Investment
+€9.0m
Financing
-€7.5m
Cash 2024
€39,431
From operations (derived)
-€1.6m
Net result for the year
-€12,010
Depreciation
+€202,199
Receivables within one year
+€2.9m
Deferred charges and accrued income
+€109,872
Provisions
-€1.9m
Trade debts
-€192,481
Tax, wage and social debts
-€283,527
Other debts
-€2.5m
Investment (derived)
+€9.0m
Investment in fixed assets (net)
+€9.0m
Financing
-€7.5m
Debts after one year
-€173,775
Current portion of long-term debt
-€53,389
Contributions, distributions and other
-€7.2m
Cash 2025
€14,557
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €21,305,118 | €8,982,096 | -€12.3m | -57.8% |
| Fixed assets | 21/28 | €18,125,814 | €8,880,977 | -€9.2m | -51.0% |
| Tangible fixed assets | 22/27 | €5,860,249 | €5,616,052 | -€244,197 | -4.2% |
| Land and buildings | 22 | €5,795,251 | €5,593,052 | -€202,199 | -3.5% |
| Furniture and vehicles | 24 | €20,599 | €0 | -€20,599 | -100% |
| Leasing and similar rights | 25 | €21,399 | €0 | -€21,399 | -100% |
| Other tangible fixed assets | 26 | €23,000 | €23,000 | = | 0.0% |
| Financial fixed assets | 28 | €12,265,565 | €3,264,926 | -€9.0m | -73.4% |
| Current assets | 29/58 | €3,179,304 | €101,119 | -€3.1m | -96.8% |
| Amounts receivable within one year | 40/41 | €3,030,001 | €86,562 | -€2.9m | -97.1% |
| Trade receivables | 40 | €660,001 | €155 | -€659,845 | -100.0% |
| Other amounts receivable | 41 | €2,370,000 | €86,407 | -€2.3m | -96.4% |
| Cash at bank and in hand | 54/58 | €39,431 | €14,557 | -€24,874 | -63.1% |
| Deferred charges and accrued income | 490/1 | €109,872 | €0 | -€109,872 | -100% |
| Total equity and liabilities | 10/49 | €21,305,118 | €8,982,096 | -€12.3m | -57.8% |
| Equity | 10/15 | €12,257,783 | €5,017,015 | -€7.2m | -59.1% |
| Contributions | 10/11 | €62,000 | €61,500 | -€500 | -0.8% |
| Capital | 10 | €62,000 | €61,500 | -€500 | -0.8% |
| Issued capital | 100 | €62,000 | €61,500 | -€500 | -0.8% |
| Revaluation surpluses | 12 | €5,360,393 | €2,329,449 | -€3.0m | -56.5% |
| Reserves | 13 | €172,153 | €43,351 | -€128,802 | -74.8% |
| Non-distributable reserves | 130/1 | €6,200 | €2,776 | -€3,424 | -55.2% |
| Legal reserve | 130 | €6,200 | €2,776 | -€3,424 | -55.2% |
| Distributable reserves | 133 | €165,953 | €40,574 | -€125,378 | -75.6% |
| Profit (loss) carried forward | 14 | €6,663,237 | €2,582,716 | -€4.1m | -61.2% |
| Provisions and deferred taxes | 16 | €1,910,976 | €0 | -€1.9m | -100% |
| Provisions for liabilities and charges | 160/5 | €1,910,976 | €0 | -€1.9m | -100% |
| Other liabilities and charges | 164/5 | €1,910,976 | €0 | -€1.9m | -100% |
| Amounts payable | 17/49 | €7,136,358 | €3,965,081 | -€3.2m | -44.4% |
| Amounts payable after more than one year | 17 | €2,265,410 | €2,091,635 | -€173,775 | -7.7% |
| Financial debts | 170/4 | €2,265,410 | €2,091,635 | -€173,775 | -7.7% |
| Amounts payable within one year | 42/48 | €4,828,309 | €1,830,807 | -€3.0m | -62.1% |
| Current portion of amounts payable after more than one year | 42 | €211,751 | €158,362 | -€53,389 | -25.2% |
| Trade debts | 44 | €192,481 | €0 | -€192,481 | -100% |
| Suppliers | 440/4 | €192,481 | €0 | -€192,481 | -100% |
| Taxes, remuneration and social security | 45 | €300,895 | €17,368 | -€283,527 | -94.2% |
| Taxes | 450/3 | €255,417 | €17,000 | -€238,417 | -93.3% |
| Remuneration and social security | 454/9 | €45,478 | €368 | -€45,110 | -99.2% |
| Other amounts payable | 47/48 | €4,123,182 | €1,655,076 | -€2.5m | -59.9% |
| Accrued charges and deferred income | 492/3 | €42,639 | €42,639 | = | 0.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €444,200 | €0 | -€444,200 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €215,091 | €202,199 | -€12,891 | -6.0% |
| Other operating charges | 640/8 | €69,699 | €73,886 | +€4,187 | +6.0% |
| Gross operating margin | 9900 | €1,787,106 | €334,277 | -€1.5m | -81.3% |
| Operating profit (loss) | 9901 | €1,058,117 | €58,192 | -€999,925 | -94.5% |
| Financial income | 75/76B | €70,000 | €0 | -€70,000 | -100% |
| Recurring financial income | 75 | €70,000 | €0 | -€70,000 | -100% |
| Financial charges | 65/66B | €363,044 | €53,202 | -€309,842 | -85.3% |
| Recurring financial charges | 65 | €363,044 | €53,202 | -€309,842 | -85.3% |
| Profit (loss) for the period before taxes | 9903 | €765,073 | €4,990 | -€760,083 | -99.3% |
| Income taxes | 67/77 | €190,576 | €17,000 | -€173,576 | -91.1% |
| Profit (loss) for the period | 9904 | €574,497 | -€12,010 | -€586,507 | |
| Profit (loss) for the period to be appropriated | 9905 | €574,497 | -€12,010 | -€586,507 |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.