TRCC Services: what changed
What changed
TRCC Services
NACE 41.001, General construction of residential buildings
filed annual accounts (NBB)
Net result for the year
€92,166
2024 · €23,037+€69,128
Equity
€241,054
2024 · €221,416+€19,638
Cash
€509,461
2024 · €345,387+€164,074
Balance sheet total
€2.3m
2024 · €2.7m-€434,592
Largest movements
Assets
- Tangible fixed assets -€445,687
down €445,687 (-23.7%), from €1.9m to €1.4m
of which Leasing and similar rights: -€312,099
- Cash +€164,074
up €164,074 (+47.5%), from €345,387 to €509,461
mainly Depreciation (+€401,711) and Receivables within one year (+€122,283)
- Receivables within one year -€122,283
down €122,283 (-34.5%), from €354,742 to €232,459
of which Trade receivables: -€119,812
Equity and liabilities
- Debts after one year -€459,468
down €459,468 (-25.8%), from €1.8m to €1.3m
Income statement
- Staff costs -€42,754
down €42,754 (-20.2%), from €212,082 to €169,328
- Taxes +€35,482
up €35,482 (+613%), from €5,790 to €41,272
- Financial charges -€30,839
down €30,839 (-21.7%), from €141,850 to €111,011
- Gross operating margin +€30,750
up €30,750 (+3.9%), from €791,734 to €822,484
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
€23,037
Gross operating margin
+€30,750
Staff costs
+€42,754
Depreciation
-€4,384
Other operating charges
+€4,681
Financial income
-€29
Financial charges
+€30,839
Taxes
-€35,482
Result 2025
€92,166
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
+€662,733
Investment
+€48,695
Financing
-€547,354
Cash 2024
€345,387
From operations (derived)
+€662,733
Net result for the year
+€92,166
Depreciation
+€401,711
Stocks and contracts
+€23,000
Receivables within one year
+€122,283
Deferred charges and accrued income
+€2,977
Trade debts
+€4,251
Tax, wage and social debts
+€966
Other debts
+€16,868
Accrued charges and deferred income
-€1,489
Investment (derived)
+€48,695
Investment in fixed assets (net)
+€48,695
Financing
-€547,354
Debts after one year
-€459,468
Current portion of long-term debt
-€15,358
Contributions, distributions and other
-€72,527
Cash 2025
€509,461
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,688,337 | €2,253,746 | -€434,592 | -16.2% |
| Fixed assets | 21/28 | €1,921,443 | €1,471,037 | -€450,406 | -23.4% |
| Tangible fixed assets | 22/27 | €1,877,454 | €1,431,768 | -€445,687 | -23.7% |
| Land and buildings | 22 | €73,374 | - | -€73,374 | |
| Plant, machinery and equipment | 23 | €107,602 | €80,218 | -€27,384 | -25.4% |
| Furniture and vehicles | 24 | €68,800 | €67,290 | -€1,509 | -2.2% |
| Leasing and similar rights | 25 | €1,596,359 | €1,284,260 | -€312,099 | -19.6% |
| Other tangible fixed assets | 26 | €31,321 | - | -€31,321 | |
| Financial fixed assets | 28 | €43,988 | €39,269 | -€4,719 | -10.7% |
| Current assets | 29/58 | €766,895 | €782,708 | +€15,814 | +2.1% |
| Amounts receivable after more than one year | 29 | €35,000 | €35,000 | = | 0.0% |
| Trade receivables | 290 | €35,000 | €35,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €23,000 | - | -€23,000 | |
| Stocks | 30/36 | €23,000 | - | -€23,000 | |
| Amounts receivable within one year | 40/41 | €354,742 | €232,459 | -€122,283 | -34.5% |
| Trade receivables | 40 | €301,783 | €181,971 | -€119,812 | -39.7% |
| Other amounts receivable | 41 | €52,959 | €50,487 | -€2,471 | -4.7% |
| Cash at bank and in hand | 54/58 | €345,387 | €509,461 | +€164,074 | +47.5% |
| Deferred charges and accrued income | 490/1 | €8,766 | €5,789 | -€2,977 | -34.0% |
| Total equity and liabilities | 10/49 | €2,688,337 | €2,253,746 | -€434,592 | -16.2% |
| Equity | 10/15 | €221,416 | €241,054 | +€19,638 | +8.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €202,816 | €222,454 | +€19,638 | +9.7% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €200,956 | €222,454 | +€21,498 | +10.7% |
| Amounts payable | 17/49 | €2,466,921 | €2,012,691 | -€454,230 | -18.4% |
| Amounts payable after more than one year | 17 | €1,780,798 | €1,321,331 | -€459,468 | -25.8% |
| Financial debts | 170/4 | €1,780,798 | €1,321,331 | -€459,468 | -25.8% |
| Amounts payable within one year | 42/48 | €677,735 | €684,461 | +€6,727 | +1.0% |
| Current portion of amounts payable after more than one year | 42 | €474,826 | €459,468 | -€15,358 | -3.2% |
| Financial debts | 43 | €125,000 | €125,000 | = | 0.0% |
| Credit institutions | 430/8 | €125,000 | €125,000 | = | 0.0% |
| Trade debts | 44 | €50,962 | €55,213 | +€4,251 | +8.3% |
| Suppliers | 440/4 | €50,962 | €55,213 | +€4,251 | +8.3% |
| Taxes, remuneration and social security | 45 | €26,947 | €27,913 | +€966 | +3.6% |
| Taxes | 450/3 | €5,744 | €16,531 | +€10,787 | +188% |
| Remuneration and social security | 454/9 | €21,203 | €11,381 | -€9,821 | -46.3% |
| Other amounts payable | 47/48 | - | €16,868 | +€16,868 | |
| Accrued charges and deferred income | 492/3 | €8,388 | €6,899 | -€1,489 | -17.8% |
| Non-recurring operating income | 76A | - | €20,477 | +€20,477 | |
| Remuneration, social security and pensions | 62 | €212,082 | €169,328 | -€42,754 | -20.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €397,327 | €401,711 | +€4,384 | +1.1% |
| Other operating charges | 640/8 | €11,821 | €7,140 | -€4,681 | -39.6% |
| Gross operating margin | 9900 | €791,734 | €822,484 | +€30,750 | +3.9% |
| Operating profit (loss) | 9901 | €170,504 | €244,305 | +€73,801 | +43.3% |
| Financial income | 75/76B | €173 | €144 | -€29 | -16.9% |
| Recurring financial income | 75 | €173 | €144 | -€29 | -16.9% |
| Financial charges | 65/66B | €141,850 | €111,011 | -€30,839 | -21.7% |
| Recurring financial charges | 65 | €141,850 | €111,011 | -€30,839 | -21.7% |
| Profit (loss) for the period before taxes | 9903 | €28,827 | €133,438 | +€104,611 | +363% |
| Income taxes | 67/77 | €5,790 | €41,272 | +€35,482 | +613% |
| Profit (loss) for the period | 9904 | €23,037 | €92,166 | +€69,128 | +300% |
| Profit (loss) for the period to be appropriated | 9905 | €23,037 | €92,166 | +€69,128 | +300% |
Next steps
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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 1 November 2026 via checked.be.