TRF CONSEILS: 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.
TRF CONSEILS
Largest movements
- Receivables within one year -€104,702
down €104,702 (-88.4%), from €118,452 to €13,750
of which Other amounts receivable: -€94,452
- Tangible fixed assets +€26,464
up €26,464 (+169.9%), from €15,581 to €42,044
- Deferred charges and accrued income +€18,335
up €18,335 (+4235.5%), from €433 to €18,768
- Cash -€7,551
down €7,551 (-86.0%), from €8,782 to €1,231
mainly Net result for the year (-€92,615) and Investment in fixed assets (net) (-€47,500)
- Profit (loss) carried forward -€78,355
down €78,355 (-67.0%), from -€117,022 to -€195,377
- Other debts +€25,130
new in 2024: €25,130
- Contributions -€12,400
no longer reported in 2024 (was €12,400)
- Current portion of long-term debt +€9,757
up €9,757 (+27.3%), from €35,679 to €45,436
- Debts after one year -€6,706
down €6,706 (-3.7%), from €183,290 to €176,585
- Purchases and services -€180,322
no longer reported in 2024 (was €180,322)
- Gross operating margin +€72,318
up €72,318 (+75.9%), from -€95,277 to -€22,959
- Depreciation +€11,766
up €11,766 (+126.9%), from €9,270 to €21,036
- Other operating charges +€6,120
up €6,120 (+146.5%), from €4,179 to €10,299
- Financial charges +€5,351
up €5,351 (+44.4%), from €12,065 to €17,416
of which Financial charges: +€10,718
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 | €143,755 | €76,301 | -€67,454 | -46.9% |
| Fixed assets | 21/28 | €16,088 | €42,552 | +€26,464 | +164.5% |
| Tangible fixed assets | 22/27 | €15,581 | €42,044 | +€26,464 | +169.9% |
| Furniture and vehicles | 24 | €15,581 | €42,044 | +€26,464 | +169.9% |
| Financial fixed assets | 28 | €507 | €507 | = | 0.0% |
| Current assets | 29/58 | €127,667 | €33,749 | -€93,918 | -73.6% |
| Amounts receivable within one year | 40/41 | €118,452 | €13,750 | -€104,702 | -88.4% |
| Trade receivables | 40 | €24,000 | €13,750 | -€10,250 | -42.7% |
| Other amounts receivable | 41 | €94,452 | - | -€94,452 | |
| Cash at bank and in hand | 54/58 | €8,782 | €1,231 | -€7,551 | -86.0% |
| Deferred charges and accrued income | 490/1 | €433 | €18,768 | +€18,335 | +4235.5% |
| Total equity and liabilities | 10/49 | €143,755 | €76,301 | -€67,454 | -46.9% |
| Equity | 10/15 | -€80,332 | -€172,947 | -€92,615 | -115.3% |
| Contributions | 10/11 | €12,400 | - | -€12,400 | |
| Contributions outside capital | 11 | €12,400 | - | -€12,400 | |
| Share premium | 1100/10 | €12,400 | - | -€12,400 | |
| Reserves | 13 | €24,290 | €22,430 | -€1,860 | -7.7% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €22,430 | €22,430 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€117,022 | -€195,377 | -€78,355 | -67.0% |
| Amounts payable | 17/49 | €224,087 | €249,248 | +€25,161 | +11.2% |
| Amounts payable after more than one year | 17 | €183,290 | €176,585 | -€6,706 | -3.7% |
| Financial debts | 170/4 | €183,290 | €176,585 | -€6,706 | -3.7% |
| Amounts payable within one year | 42/48 | €40,797 | €72,663 | +€31,866 | +78.1% |
| Current portion of amounts payable after more than one year | 42 | €35,679 | €45,436 | +€9,757 | +27.3% |
| Trade debts | 44 | €4,059 | €1,038 | -€3,021 | -74.4% |
| Suppliers | 440/4 | €4,059 | €1,038 | -€3,021 | -74.4% |
| Taxes, remuneration and social security | 45 | €1,059 | €1,059 | = | 0.0% |
| Remuneration and social security | 454/9 | €1,059 | €1,059 | = | 0.0% |
| Other amounts payable | 47/48 | - | €25,130 | +€25,130 | |
| Goods, raw materials, services and sundry goods | 60/61 | €180,322 | - | -€180,322 | |
| Remuneration, social security and pensions | 62 | €366 | €4,225 | +€3,859 | +1054.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,270 | €21,036 | +€11,766 | +126.9% |
| Other operating charges | 640/8 | €4,179 | €10,299 | +€6,120 | +146.5% |
| Gross operating margin | 9900 | -€95,277 | -€22,959 | +€72,318 | +75.9% |
| Operating profit (loss) | 9901 | -€109,092 | -€58,519 | +€50,573 | +46.4% |
| Financial charges | 65/66B | €12,065 | €17,416 | +€5,351 | +44.4% |
| Recurring financial charges | 65 | €6,698 | €17,416 | +€10,718 | +160.0% |
| Non-recurring financial charges | 66B | €5,367 | - | -€5,367 | |
| Profit (loss) for the period before taxes | 9903 | -€121,157 | -€75,935 | +€45,221 | +37.3% |
| Income taxes | 67/77 | €18,648 | €16,679 | -€1,969 | -10.6% |
| Profit (loss) for the period | 9904 | -€139,805 | -€92,615 | +€47,190 | +33.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€139,805 | -€92,615 | +€47,190 | +33.8% |
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 11 October 2026 via checked.be.