TRK Infra: 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.
TRK Infra
Largest movements
- Cash +€25,451
up €25,451 (+224%), from €11,365 to €36,817
mainly Depreciation (+€27,983) and Net result for the year (+€21,636)
- Tangible fixed assets -€24,455
down €24,455 (-49.8%), from €49,155 to €24,701
of which Furniture and vehicles: -€24,431
- Receivables within one year +€20,737
up €20,737 (+6.5%), from €317,723 to €338,460
of which Other amounts receivable: +€31,683
- Reserves +€21,636
up €21,636 (+17.3%), from €125,221 to €146,857
- Trade debts +€9,574
up €9,574 (+11.7%), from €81,686 to €91,260
- Tax, wage and social debts -€5,609
down €5,609 (-6.7%), from €83,164 to €77,555
of which Remuneration and social security: -€16,983
- Debts after one year -€4,757
down €4,757 (-13.2%), from €36,079 to €31,322
- Gross operating margin -€267,555
down €267,555 (-60.4%), from €443,091 to €175,536
- Staff costs -€157,954
down €157,954 (-59.6%), from €265,134 to €107,180
- Taxes -€31,784
down €31,784 (-70.9%), from €44,849 to €13,065
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.
Derived cash bridge
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 | €382,715 | €403,750 | +€21,036 | +5.5% |
| Fixed assets | 21/28 | €49,155 | €24,701 | -€24,455 | -49.8% |
| Tangible fixed assets | 22/27 | €49,155 | €24,701 | -€24,455 | -49.8% |
| Plant, machinery and equipment | 23 | €6,430 | €6,406 | -€24 | -0.4% |
| Furniture and vehicles | 24 | €42,725 | €18,294 | -€24,431 | -57.2% |
| Current assets | 29/58 | €333,559 | €379,050 | +€45,490 | +13.6% |
| Amounts receivable within one year | 40/41 | €317,723 | €338,460 | +€20,737 | +6.5% |
| Trade receivables | 40 | €280,901 | €269,955 | -€10,946 | -3.9% |
| Other amounts receivable | 41 | €36,822 | €68,505 | +€31,683 | +86.0% |
| Cash at bank and in hand | 54/58 | €11,365 | €36,817 | +€25,451 | +224% |
| Deferred charges and accrued income | 490/1 | €4,471 | €3,773 | -€698 | -15.6% |
| Total equity and liabilities | 10/49 | €382,715 | €403,750 | +€21,036 | +5.5% |
| Equity | 10/15 | €127,221 | €148,857 | +€21,636 | +17.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €125,221 | €146,857 | +€21,636 | +17.3% |
| Distributable reserves | 133 | €125,221 | €146,857 | +€21,636 | +17.3% |
| Amounts payable | 17/49 | €255,494 | €254,894 | -€600 | -0.2% |
| Amounts payable after more than one year | 17 | €36,079 | €31,322 | -€4,757 | -13.2% |
| Financial debts | 170/4 | €36,079 | €31,322 | -€4,757 | -13.2% |
| Amounts payable within one year | 42/48 | €219,415 | €223,572 | +€4,156 | +1.9% |
| Current portion of amounts payable after more than one year | 42 | €4,566 | €4,757 | +€191 | +4.2% |
| Trade debts | 44 | €81,686 | €91,260 | +€9,574 | +11.7% |
| Suppliers | 440/4 | €81,686 | €91,260 | +€9,574 | +11.7% |
| Taxes, remuneration and social security | 45 | €83,164 | €77,555 | -€5,609 | -6.7% |
| Taxes | 450/3 | €52,622 | €63,996 | +€11,375 | +21.6% |
| Remuneration and social security | 454/9 | €30,542 | €13,559 | -€16,983 | -55.6% |
| Other amounts payable | 47/48 | €50,000 | €50,000 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €265,134 | €107,180 | -€157,954 | -59.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,576 | €27,983 | +€1,408 | +5.3% |
| Other operating charges | 640/8 | €3,446 | €5,354 | +€1,908 | +55.4% |
| Gross operating margin | 9900 | €443,091 | €175,536 | -€267,555 | -60.4% |
| Operating profit (loss) | 9901 | €147,934 | €35,019 | -€112,915 | -76.3% |
| Financial income | 75/76B | €743 | €2,718 | +€1,975 | +266% |
| Recurring financial income | 75 | €743 | €2,718 | +€1,975 | +266% |
| Financial charges | 65/66B | €3,321 | €3,035 | -€286 | -8.6% |
| Recurring financial charges | 65 | €3,321 | €3,035 | -€286 | -8.6% |
| Profit (loss) for the period before taxes | 9903 | €145,356 | €34,701 | -€110,655 | -76.1% |
| Income taxes | 67/77 | €44,849 | €13,065 | -€31,784 | -70.9% |
| Profit (loss) for the period | 9904 | €100,506 | €21,636 | -€78,871 | -78.5% |
| Profit (loss) for the period to be appropriated | 9905 | €100,506 | €21,636 | -€78,871 | -78.5% |
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 14 October 2026 via checked.be.