trc: 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.
trc
Largest movements
- Cash +€9,300
up €9,300 (+14.9%), from €62,264 to €71,564
mainly Net result for the year (+€31,009) and Receivables within one year (+€5,083)
- Tangible fixed assets +€8,715
up €8,715 (+51.9%), from €16,807 to €25,522
of which Other tangible fixed assets: +€5,824
- Receivables within one year -€5,083
down €5,083 (-14.5%), from €35,036 to €29,953
of which Other amounts receivable: -€5,719
- Reserves +€28,009
up €28,009 (+41.7%), from €67,127 to €95,136
of which Distributable reserves: +€28,009
- Other debts -€9,000
down €9,000 (-75.0%), from €12,000 to €3,000
- Tax, wage and social debts -€2,960
down €2,960 (-19.9%), from €14,839 to €11,879
- Trade debts -€2,189
down €2,189 (-65.7%), from €3,330 to €1,141
- Gross operating margin -€10,558
down €10,558 (-17.8%), from €59,277 to €48,719
- Taxes -€2,782
down €2,782 (-18.2%), from €15,285 to €12,502
- Depreciation -€1,255
down €1,255 (-20.0%), from €6,265 to €5,010
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 | €114,107 | €127,040 | +€12,932 | +11.3% |
| Fixed assets | 21/28 | €16,807 | €25,522 | +€8,715 | +51.9% |
| Tangible fixed assets | 22/27 | €16,807 | €25,522 | +€8,715 | +51.9% |
| Plant, machinery and equipment | 23 | €11,928 | €10,666 | -€1,262 | -10.6% |
| Furniture and vehicles | 24 | €3,943 | €8,096 | +€4,153 | +105.3% |
| Other tangible fixed assets | 26 | €937 | €6,761 | +€5,824 | +621.4% |
| Current assets | 29/58 | €97,300 | €101,517 | +€4,218 | +4.3% |
| Amounts receivable within one year | 40/41 | €35,036 | €29,953 | -€5,083 | -14.5% |
| Trade receivables | 40 | €28,556 | €29,192 | +€636 | +2.2% |
| Other amounts receivable | 41 | €6,480 | €761 | -€5,719 | -88.3% |
| Cash at bank and in hand | 54/58 | €62,264 | €71,564 | +€9,300 | +14.9% |
| Total equity and liabilities | 10/49 | €114,107 | €127,040 | +€12,932 | +11.3% |
| Equity | 10/15 | €81,387 | €109,396 | +€28,009 | +34.4% |
| Contributions | 10/11 | €14,260 | €14,260 | = | 0.0% |
| Reserves | 13 | €67,127 | €95,136 | +€28,009 | +41.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €67,127 | €95,136 | +€28,009 | +41.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €32,720 | €17,644 | -€15,076 | -46.1% |
| Amounts payable within one year | 42/48 | €32,720 | €17,644 | -€15,076 | -46.1% |
| Current portion of amounts payable after more than one year | 42 | €2,551 | €1,624 | -€927 | -36.3% |
| Trade debts | 44 | €3,330 | €1,141 | -€2,189 | -65.7% |
| Suppliers | 440/4 | €3,330 | €1,141 | -€2,189 | -65.7% |
| Taxes, remuneration and social security | 45 | €14,839 | €11,879 | -€2,960 | -19.9% |
| Taxes | 450/3 | €14,839 | €11,879 | -€2,960 | -19.9% |
| Other amounts payable | 47/48 | €12,000 | €3,000 | -€9,000 | -75.0% |
| Non-recurring operating income | 76A | €24,373 | €0 | -€24,373 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,265 | €5,010 | -€1,255 | -20.0% |
| Other operating charges | 640/8 | €172 | €148 | -€24 | -14.0% |
| Gross operating margin | 9900 | €59,277 | €48,719 | -€10,558 | -17.8% |
| Operating profit (loss) | 9901 | €52,840 | €43,561 | -€9,279 | -17.6% |
| Financial income | 75/76B | €0 | €0 | = | 0.0% |
| Recurring financial income | 75 | €0 | €0 | = | 0.0% |
| Financial charges | 65/66B | €278 | €50 | -€228 | -82.0% |
| Recurring financial charges | 65 | €278 | €50 | -€228 | -82.0% |
| Profit (loss) for the period before taxes | 9903 | €52,562 | €43,511 | -€9,051 | -17.2% |
| Income taxes | 67/77 | €15,285 | €12,502 | -€2,782 | -18.2% |
| Profit (loss) for the period | 9904 | €37,277 | €31,009 | -€6,268 | -16.8% |
| Profit (loss) for the period to be appropriated | 9905 | €37,277 | €31,009 | -€6,268 | -16.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.