TRMV: 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.
TRMV
Largest movements
- Current investments -€450,000
no longer reported in 2025 (was €450,000)
- Cash +€331,592
up €331,592 (+1082.4%), from €30,636 to €362,228
mainly Current investments (+€450,000) and Other debts (+€349,250)
- Receivables within one year +€88,598
new in 2025: €88,598
- Reserves -€369,348
down €369,348 (-78.7%), from €469,103 to €99,756
- Other debts +€349,250
up €349,250 (+46566.7%), from €750 to €350,000
- Financial income -€80,403
down €80,403 (-90.8%), from €88,570 to €8,167
- Gross operating margin -€7,319
down €7,319 (-47.3%), from -€15,478 to -€22,798
- Taxes -€6,059
down €6,059 (-97.6%), from €6,207 to €148
- Financial charges -€2,788
down €2,788 (-93.0%), from €2,999 to €211
- Depreciation +€936
up €936 (+31.6%), from €2,960 to €3,896
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 | €496,143 | €468,887 | -€27,257 | -5.5% |
| Fixed assets | 21/28 | €14,759 | €16,874 | +€2,115 | +14.3% |
| Tangible fixed assets | 22/27 | €14,759 | €16,874 | +€2,115 | +14.3% |
| Furniture and vehicles | 24 | €1,258 | €5,397 | +€4,138 | +328.8% |
| Other tangible fixed assets | 26 | €13,500 | €11,477 | -€2,023 | -15.0% |
| Current assets | 29/58 | €481,385 | €452,013 | -€29,372 | -6.1% |
| Amounts receivable within one year | 40/41 | - | €88,598 | +€88,598 | |
| Other amounts receivable | 41 | - | €88,598 | +€88,598 | |
| Current investments | 50/53 | €450,000 | - | -€450,000 | |
| Cash at bank and in hand | 54/58 | €30,636 | €362,228 | +€331,592 | +1082.4% |
| Deferred charges and accrued income | 490/1 | €748 | €1,187 | +€438 | +58.5% |
| Total equity and liabilities | 10/49 | €496,143 | €468,887 | -€27,257 | -5.5% |
| Equity | 10/15 | €487,703 | €118,356 | -€369,348 | -75.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €469,103 | €99,756 | -€369,348 | -78.7% |
| Distributable reserves | 133 | €469,103 | €99,756 | -€369,348 | -78.7% |
| Amounts payable | 17/49 | €8,440 | €350,531 | +€342,091 | +4053.1% |
| Amounts payable within one year | 42/48 | €8,440 | €350,531 | +€342,091 | +4053.1% |
| Financial debts | 43 | €1,690 | - | -€1,690 | |
| Credit institutions | 430/8 | €1,690 | - | -€1,690 | |
| Trade debts | 44 | €1,524 | €531 | -€993 | -65.2% |
| Suppliers | 440/4 | €1,524 | €531 | -€993 | -65.2% |
| Taxes, remuneration and social security | 45 | €4,476 | - | -€4,476 | |
| Taxes | 450/3 | €2,041 | - | -€2,041 | |
| Remuneration and social security | 454/9 | €2,435 | - | -€2,435 | |
| Other amounts payable | 47/48 | €750 | €350,000 | +€349,250 | +46566.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,960 | €3,896 | +€936 | +31.6% |
| Other operating charges | 640/8 | €449 | €462 | +€12 | +2.8% |
| Gross operating margin | 9900 | -€15,478 | -€22,798 | -€7,319 | -47.3% |
| Operating profit (loss) | 9901 | -€18,887 | -€27,155 | -€8,268 | -43.8% |
| Financial income | 75/76B | €88,570 | €8,167 | -€80,403 | -90.8% |
| Recurring financial income | 75 | €88,570 | €8,167 | -€80,403 | -90.8% |
| Financial charges | 65/66B | €2,999 | €211 | -€2,788 | -93.0% |
| Recurring financial charges | 65 | €2,999 | €211 | -€2,788 | -93.0% |
| Profit (loss) for the period before taxes | 9903 | €66,683 | -€19,199 | -€85,883 | |
| Income taxes | 67/77 | €6,207 | €148 | -€6,059 | -97.6% |
| Profit (loss) for the period | 9904 | €60,477 | -€19,348 | -€79,824 | |
| Profit (loss) for the period to be appropriated | 9905 | €60,477 | -€19,348 | -€79,824 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.