TRC: 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.
TRC
Largest movements
- Cash +€74,355
up €74,355 (+49.4%), from €150,564 to €224,918
mainly Net result for the year (+€77,559) and Receivables within one year (+€32,226)
- Receivables within one year -€32,226
down €32,226 (-42.0%), from €76,645 to €44,419
- Reserves +€27,559
up €27,559 (+34.7%), from €79,515 to €107,074
- Accrued charges and deferred income +€10,000
up €10,000 (+175%), from €5,699 to €15,699
- Other debts +€8,462
up €8,462 (+20.4%), from €41,538 to €50,000
- Tax, wage and social debts -€7,022
down €7,022 (-65.1%), from €10,793 to €3,771
- Trade debts +€3,559
up €3,559 (+4.6%), from €77,146 to €80,704
- Gross operating margin +€24,226
up €24,226 (+36.2%), from €66,926 to €91,152
- Taxes +€4,593
up €4,593 (+77.5%), from €5,924 to €10,516
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.
Derived cash bridge
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 | €234,691 | €277,248 | +€42,557 | +18.1% |
| Fixed assets | 21/28 | €2,633 | €3,259 | +€626 | +23.8% |
| Tangible fixed assets | 22/27 | €2,628 | €3,254 | +€626 | +23.8% |
| Plant, machinery and equipment | 23 | €1,570 | €695 | -€875 | -55.7% |
| Furniture and vehicles | 24 | €1,058 | €2,558 | +€1,501 | +142% |
| Financial fixed assets | 28 | €5 | €5 | = | 0.0% |
| Current assets | 29/58 | €232,058 | €273,989 | +€41,931 | +18.1% |
| Amounts receivable within one year | 40/41 | €76,645 | €44,419 | -€32,226 | -42.0% |
| Trade receivables | 40 | €76,645 | €44,419 | -€32,226 | -42.0% |
| Cash at bank and in hand | 54/58 | €150,564 | €224,918 | +€74,355 | +49.4% |
| Deferred charges and accrued income | 490/1 | €4,849 | €4,651 | -€198 | -4.1% |
| Total equity and liabilities | 10/49 | €234,691 | €277,248 | +€42,557 | +18.1% |
| Equity | 10/15 | €99,515 | €127,074 | +€27,559 | +27.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €79,515 | €107,074 | +€27,559 | +34.7% |
| Distributable reserves | 133 | €79,515 | €107,074 | +€27,559 | +34.7% |
| Amounts payable | 17/49 | €135,176 | €150,174 | +€14,998 | +11.1% |
| Amounts payable within one year | 42/48 | €129,477 | €134,475 | +€4,998 | +3.9% |
| Trade debts | 44 | €77,146 | €80,704 | +€3,559 | +4.6% |
| Suppliers | 440/4 | €77,146 | €80,704 | +€3,559 | +4.6% |
| Taxes, remuneration and social security | 45 | €10,793 | €3,771 | -€7,022 | -65.1% |
| Taxes | 450/3 | €10,793 | €3,771 | -€7,022 | -65.1% |
| Other amounts payable | 47/48 | €41,538 | €50,000 | +€8,462 | +20.4% |
| Accrued charges and deferred income | 492/3 | €5,699 | €15,699 | +€10,000 | +175% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,839 | €2,365 | +€527 | +28.6% |
| Other operating charges | 640/8 | €788 | €866 | +€79 | +10.0% |
| Gross operating margin | 9900 | €66,926 | €91,152 | +€24,226 | +36.2% |
| Operating profit (loss) | 9901 | €64,300 | €87,920 | +€23,620 | +36.7% |
| Financial income | 75/76B | €137 | €567 | +€430 | +313% |
| Recurring financial income | 75 | €137 | €567 | +€430 | +313% |
| Financial charges | 65/66B | €485 | €412 | -€73 | -15.1% |
| Recurring financial charges | 65 | €485 | €412 | -€73 | -15.1% |
| Profit (loss) for the period before taxes | 9903 | €63,952 | €88,075 | +€24,123 | +37.7% |
| Income taxes | 67/77 | €5,924 | €10,516 | +€4,593 | +77.5% |
| Profit (loss) for the period | 9904 | €58,028 | €77,559 | +€19,531 | +33.7% |
| Profit (loss) for the period to be appropriated | 9905 | €58,028 | €77,559 | +€19,531 | +33.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.