TRC SOLUTION: 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 SOLUTION
Largest movements
- Receivables within one year -€30,000
down €30,000 (-73.2%), from €41,003 to €11,003
- Cash +€24,893
up €24,893 (+28.5%), from €87,291 to €112,183
mainly Net result for the year (+€91,689) and Depreciation (+€40,463)
- Financial fixed assets -€8,467
down €8,467 (-60.5%), from €14,000 to €5,533
- Tangible fixed assets -€6,423
down €6,423 (-4.2%), from €153,108 to €146,685
of which Furniture and vehicles: -€34,630
- Other debts -€15,393
down €15,393 (-5.9%), from €262,584 to €247,191
- Profit (loss) carried forward -€3,311
down €3,311 (-84.2%), from €3,930 to €620
- Gross operating margin +€38,245
up €38,245 (+31.8%), from €120,339 to €158,584
- Depreciation -€16,221
down €16,221 (-28.6%), from €56,684 to €40,463
- Taxes +€12,091
up €12,091 (+95.7%), from €12,640 to €24,732
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €297,064 | €277,330 | -€19,734 | -6.6% |
| Fixed assets | 21/28 | €167,108 | €152,219 | -€14,889 | -8.9% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €153,108 | €146,685 | -€6,423 | -4.2% |
| Land and buildings | 22 | €17,135 | €45,043 | +€27,909 | +162.9% |
| Plant, machinery and equipment | 23 | €1,512 | €1,810 | +€298 | +19.7% |
| Furniture and vehicles | 24 | €134,462 | €99,832 | -€34,630 | -25.8% |
| Financial fixed assets | 28 | €14,000 | €5,533 | -€8,467 | -60.5% |
| Current assets | 29/58 | €129,956 | €125,112 | -€4,844 | -3.7% |
| Amounts receivable within one year | 40/41 | €41,003 | €11,003 | -€30,000 | -73.2% |
| Trade receivables | 40 | €41,003 | €11,003 | -€30,000 | -73.2% |
| Cash at bank and in hand | 54/58 | €87,291 | €112,183 | +€24,893 | +28.5% |
| Deferred charges and accrued income | 490/1 | €1,662 | €1,925 | +€262 | +15.8% |
| Total equity and liabilities | 10/49 | €297,064 | €277,330 | -€19,734 | -6.6% |
| Equity | 10/15 | €6,930 | €3,620 | -€3,311 | -47.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,930 | €620 | -€3,311 | -84.2% |
| Amounts payable | 17/49 | €290,134 | €273,711 | -€16,423 | -5.7% |
| Amounts payable within one year | 42/48 | €290,134 | €273,711 | -€16,423 | -5.7% |
| Trade debts | 44 | €4,950 | €4,518 | -€432 | -8.7% |
| Suppliers | 440/4 | €4,950 | €4,518 | -€432 | -8.7% |
| Taxes, remuneration and social security | 45 | €22,600 | €22,002 | -€598 | -2.6% |
| Taxes | 450/3 | €22,600 | €22,002 | -€598 | -2.6% |
| Other amounts payable | 47/48 | €262,584 | €247,191 | -€15,393 | -5.9% |
| Non-recurring operating income | 76A | €107 | - | -€107 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,684 | €40,463 | -€16,221 | -28.6% |
| Other operating charges | 640/8 | €2,436 | €1,088 | -€1,348 | -55.3% |
| Gross operating margin | 9900 | €120,339 | €158,584 | +€38,245 | +31.8% |
| Operating profit (loss) | 9901 | €61,219 | €117,033 | +€55,814 | +91.2% |
| Financial charges | 65/66B | €1,736 | €612 | -€1,123 | -64.7% |
| Recurring financial charges | 65 | €1,736 | €612 | -€1,123 | -64.7% |
| Profit (loss) for the period before taxes | 9903 | €59,484 | €116,421 | +€56,937 | +95.7% |
| Income taxes | 67/77 | €12,640 | €24,732 | +€12,091 | +95.7% |
| Profit (loss) for the period | 9904 | €46,843 | €91,689 | +€44,846 | +95.7% |
| Profit (loss) for the period to be appropriated | 9905 | €46,843 | €91,689 | +€44,846 | +95.7% |
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 7 October 2026 via checked.be.