TRDP: 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.
TRDP
Largest movements
- Receivables within one year -€29,259
down €29,259 (-12.5%), from €234,570 to €205,311
of which Trade receivables: -€33,076
- Tangible fixed assets -€17,126
down €17,126 (-9.9%), from €172,365 to €155,239
of which Furniture and vehicles: -€17,054
- Cash +€15,061
up €15,061 (+14.3%), from €105,619 to €120,680
mainly Depreciation (+€47,089) and Net result for the year (+€31,492)
- Debts after one year -€34,592
down €34,592 (-28.6%), from €121,017 to €86,425
- Profit (loss) carried forward +€31,492
up €31,492 (+111.6%), from €28,229 to €59,721
- Tax, wage and social debts -€20,702
down €20,702 (-34.7%), from €59,612 to €38,910
of which Remuneration and social security: -€15,305
- Gross operating margin +€29,756
up €29,756 (+7.9%), from €378,710 to €408,466
- Staff costs +€9,343
up €9,343 (+3.1%), from €298,188 to €307,531
- Financial charges -€6,951
down €6,951 (-51.2%), from €13,586 to €6,634
- Other operating charges -€5,633
down €5,633 (-42.5%), from €13,245 to €7,612
- Taxes +€5,626
up €5,626 (+225.4%), from €2,496 to €8,122
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 | €512,554 | €481,231 | -€31,323 | -6.1% |
| Fixed assets | 21/28 | €172,365 | €155,239 | -€17,126 | -9.9% |
| Tangible fixed assets | 22/27 | €172,365 | €155,239 | -€17,126 | -9.9% |
| Plant, machinery and equipment | 23 | €714 | €643 | -€71 | -10.0% |
| Furniture and vehicles | 24 | €171,651 | €154,597 | -€17,054 | -9.9% |
| Current assets | 29/58 | €340,189 | €325,991 | -€14,198 | -4.2% |
| Amounts receivable within one year | 40/41 | €234,570 | €205,311 | -€29,259 | -12.5% |
| Trade receivables | 40 | €234,570 | €201,494 | -€33,076 | -14.1% |
| Other amounts receivable | 41 | €0 | €3,817 | +€3,817 | |
| Cash at bank and in hand | 54/58 | €105,619 | €120,680 | +€15,061 | +14.3% |
| Total equity and liabilities | 10/49 | €512,554 | €481,231 | -€31,323 | -6.1% |
| Equity | 10/15 | €131,729 | €163,221 | +€31,492 | +23.9% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €3,500 | €3,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,500 | €3,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,500 | €3,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,229 | €59,721 | +€31,492 | +111.6% |
| Amounts payable | 17/49 | €380,825 | €318,010 | -€62,815 | -16.5% |
| Amounts payable after more than one year | 17 | €121,017 | €86,425 | -€34,592 | -28.6% |
| Financial debts | 170/4 | €121,017 | €86,425 | -€34,592 | -28.6% |
| Amounts payable within one year | 42/48 | €259,808 | €231,585 | -€28,223 | -10.9% |
| Current portion of amounts payable after more than one year | 42 | €33,099 | €29,463 | -€3,636 | -11.0% |
| Trade debts | 44 | €96,107 | €94,428 | -€1,679 | -1.7% |
| Suppliers | 440/4 | €96,107 | €94,428 | -€1,679 | -1.7% |
| Taxes, remuneration and social security | 45 | €59,612 | €38,910 | -€20,702 | -34.7% |
| Taxes | 450/3 | €19,804 | €14,407 | -€5,397 | -27.3% |
| Remuneration and social security | 454/9 | €39,808 | €24,503 | -€15,305 | -38.4% |
| Other amounts payable | 47/48 | €70,990 | €68,785 | -€2,206 | -3.1% |
| Remuneration, social security and pensions | 62 | €298,188 | €307,531 | +€9,343 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,642 | €47,089 | +€3,447 | +7.9% |
| Other operating charges | 640/8 | €13,245 | €7,612 | -€5,633 | -42.5% |
| Gross operating margin | 9900 | €378,710 | €408,466 | +€29,756 | +7.9% |
| Operating profit (loss) | 9901 | €23,635 | €46,234 | +€22,599 | +95.6% |
| Financial income | 75/76B | - | €15 | +€15 | |
| Recurring financial income | 75 | - | €15 | +€15 | |
| Non-recurring financial income | 76B | - | €15 | +€15 | |
| Financial charges | 65/66B | €13,586 | €6,634 | -€6,951 | -51.2% |
| Recurring financial charges | 65 | €13,586 | €6,634 | -€6,951 | -51.2% |
| Profit (loss) for the period before taxes | 9903 | €10,049 | €39,614 | +€29,565 | +294.2% |
| Income taxes | 67/77 | €2,496 | €8,122 | +€5,626 | +225.4% |
| Profit (loss) for the period | 9904 | €7,553 | €31,492 | +€23,939 | +317.0% |
| Profit (loss) for the period to be appropriated | 9905 | €7,553 | €31,492 | +€23,939 | +317.0% |
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 2 October 2026 via checked.be.