TRiE: 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.
TRiE
Largest movements
- Receivables within one year +€134,641
up €134,641 (+192.6%), from €69,901 to €204,543
of which Other amounts receivable: +€136,638
- Current investments -€75,000
no longer reported in 2025 (was €75,000)
- Cash -€46,585
down €46,585 (-27.1%), from €172,108 to €125,523
mainly Receivables within one year (-€134,641) and Net result for the year (-€22,560)
- Tangible fixed assets -€11,444
down €11,444 (-59.1%), from €19,352 to €7,909
- Receivables after one year -€8,959
down €8,959 (-7.2%), from €124,475 to €115,516
- Profit (loss) carried forward -€22,560
down €22,560 (-17.8%), from €126,485 to €103,925
- Provisions +€16,761
up €16,761 (+20.1%), from €83,188 to €99,949
- Gross operating margin +€97,238
up €97,238 (+490.9%), from €19,809 to €117,047
- Financial charges +€91,225
up €91,225 (+104008.1%), from €88 to €91,313
- Provisions -€66,427
down €66,427 (-79.9%), from €83,188 to €16,761
- Depreciation -€51,087
down €51,087 (-81.7%), from €62,531 to €11,444
- Taxes +€20,803
up €20,803 (+399.2%), from €5,211 to €26,014
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 | €464,452 | €457,439 | -€7,014 | -1.5% |
| Fixed assets | 21/28 | €19,719 | €8,276 | -€11,444 | -58.0% |
| Tangible fixed assets | 22/27 | €19,352 | €7,909 | -€11,444 | -59.1% |
| Furniture and vehicles | 24 | €19,352 | €7,909 | -€11,444 | -59.1% |
| Financial fixed assets | 28 | €367 | €367 | = | 0.0% |
| Current assets | 29/58 | €444,733 | €449,163 | +€4,430 | +1.0% |
| Amounts receivable after more than one year | 29 | €124,475 | €115,516 | -€8,959 | -7.2% |
| Other amounts receivable | 291 | €124,475 | €115,516 | -€8,959 | -7.2% |
| Amounts receivable within one year | 40/41 | €69,901 | €204,543 | +€134,641 | +192.6% |
| Trade receivables | 40 | €26,034 | €24,038 | -€1,996 | -7.7% |
| Other amounts receivable | 41 | €43,867 | €180,505 | +€136,638 | +311.5% |
| Current investments | 50/53 | €75,000 | - | -€75,000 | |
| Cash at bank and in hand | 54/58 | €172,108 | €125,523 | -€46,585 | -27.1% |
| Deferred charges and accrued income | 490/1 | €3,249 | €3,582 | +€333 | +10.2% |
| Total equity and liabilities | 10/49 | €464,452 | €457,439 | -€7,014 | -1.5% |
| Equity | 10/15 | €361,460 | €338,900 | -€22,560 | -6.2% |
| Contributions | 10/11 | €61,817 | €61,817 | = | 0.0% |
| Reserves | 13 | €173,158 | €173,158 | = | 0.0% |
| Distributable reserves | 133 | €173,158 | €173,158 | = | 0.0% |
| Profit (loss) carried forward | 14 | €126,485 | €103,925 | -€22,560 | -17.8% |
| Provisions and deferred taxes | 16 | €83,188 | €99,949 | +€16,761 | +20.1% |
| Provisions for liabilities and charges | 160/5 | €83,188 | €99,949 | +€16,761 | +20.1% |
| Other liabilities and charges | 164/5 | €83,188 | €99,949 | +€16,761 | +20.1% |
| Amounts payable | 17/49 | €19,805 | €18,590 | -€1,215 | -6.1% |
| Amounts payable within one year | 42/48 | €19,805 | €18,590 | -€1,215 | -6.1% |
| Trade debts | 44 | €4,145 | €817 | -€3,328 | -80.3% |
| Suppliers | 440/4 | €4,145 | €817 | -€3,328 | -80.3% |
| Taxes, remuneration and social security | 45 | €15,660 | €17,773 | +€2,113 | +13.5% |
| Taxes | 450/3 | €15,660 | €17,773 | +€2,113 | +13.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,531 | €11,444 | -€51,087 | -81.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €83,188 | €16,761 | -€66,427 | -79.9% |
| Other operating charges | 640/8 | €2,130 | €2,270 | +€140 | +6.6% |
| Gross operating margin | 9900 | €19,809 | €117,047 | +€97,238 | +490.9% |
| Operating profit (loss) | 9901 | -€128,040 | €86,572 | +€214,612 | |
| Financial income | 75/76B | €9,490 | €8,196 | -€1,294 | -13.6% |
| Recurring financial income | 75 | €9,490 | €8,196 | -€1,294 | -13.6% |
| Financial charges | 65/66B | €88 | €91,313 | +€91,225 | +104008.1% |
| Recurring financial charges | 65 | €88 | €91,313 | +€91,225 | +104008.1% |
| Profit (loss) for the period before taxes | 9903 | -€118,638 | €3,455 | +€122,093 | |
| Income taxes | 67/77 | €5,211 | €26,014 | +€20,803 | +399.2% |
| Profit (loss) for the period | 9904 | -€123,849 | -€22,560 | +€101,289 | +81.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€123,849 | -€22,560 | +€101,289 | +81.8% |
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 8 October 2026 via checked.be.