TRPG: 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.
TRPG
Largest movements
- Tangible fixed assets -€20,616
down €20,616 (-4.7%), from €436,584 to €415,969
of which Land and buildings: -€17,878
- Receivables within one year +€17,242
up €17,242 (+82.6%), from €20,886 to €38,129
of which Other amounts receivable: +€18,975
- Deferred charges and accrued income +€16,937
up €16,937 (+60.3%), from €28,080 to €45,017
- Profit (loss) carried forward +€13,706
up €13,706 (+77.8%), from -€17,625 to -€3,919
- Trade debts +€11,933
up €11,933 (+47.5%), from €25,110 to €37,043
- Debts after one year -€10,642
down €10,642 (-7.4%), from €143,567 to €132,925
- Accrued charges and deferred income -€5,461
down €5,461 (-100.0%), from €5,461 to €0
- Gross operating margin +€13,860
up €13,860 (+29.5%), from €47,041 to €60,901
- Depreciation +€1,280
up €1,280 (+6.6%), from €19,336 to €20,616
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 | €486,520 | €499,504 | +€12,984 | +2.7% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €436,584 | €415,969 | -€20,616 | -4.7% |
| Tangible fixed assets | 22/27 | €436,584 | €415,969 | -€20,616 | -4.7% |
| Land and buildings | 22 | €427,594 | €409,715 | -€17,878 | -4.2% |
| Plant, machinery and equipment | 23 | €8,991 | €6,253 | -€2,737 | -30.4% |
| Current assets | 29/58 | €49,935 | €83,535 | +€33,600 | +67.3% |
| Amounts receivable within one year | 40/41 | €20,886 | €38,129 | +€17,242 | +82.6% |
| Trade receivables | 40 | €20,369 | €18,636 | -€1,733 | -8.5% |
| Other amounts receivable | 41 | €517 | €19,493 | +€18,975 | +3667.1% |
| Cash at bank and in hand | 54/58 | €969 | €390 | -€579 | -59.8% |
| Deferred charges and accrued income | 490/1 | €28,080 | €45,017 | +€16,937 | +60.3% |
| Total equity and liabilities | 10/49 | €486,520 | €499,504 | +€12,984 | +2.7% |
| Equity | 10/15 | €79,021 | €92,727 | +€13,706 | +17.3% |
| Contributions | 10/11 | €18,050 | €18,050 | = | 0.0% |
| Reserves | 13 | €78,596 | €78,596 | = | 0.0% |
| Tax-exempt reserves | 132 | €78,596 | €78,596 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,625 | -€3,919 | +€13,706 | +77.8% |
| Provisions and deferred taxes | 16 | €26,199 | €26,199 | = | 0.0% |
| Deferred taxes | 168 | €26,199 | €26,199 | = | 0.0% |
| Amounts payable | 17/49 | €381,301 | €380,579 | -€722 | -0.2% |
| Amounts payable after more than one year | 17 | €143,567 | €132,925 | -€10,642 | -7.4% |
| Financial debts | 170/4 | €143,567 | €132,925 | -€10,642 | -7.4% |
| Amounts payable within one year | 42/48 | €232,273 | €247,654 | +€15,381 | +6.6% |
| Current portion of amounts payable after more than one year | 42 | €12,834 | €17,472 | +€4,639 | +36.1% |
| Trade debts | 44 | €25,110 | €37,043 | +€11,933 | +47.5% |
| Suppliers | 440/4 | €25,110 | €37,043 | +€11,933 | +47.5% |
| Taxes, remuneration and social security | 45 | €735 | €0 | -€735 | -100.0% |
| Taxes | 450/3 | €735 | €0 | -€735 | -100.0% |
| Other amounts payable | 47/48 | €193,595 | €193,139 | -€456 | -0.2% |
| Accrued charges and deferred income | 492/3 | €5,461 | €0 | -€5,461 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,336 | €20,616 | +€1,280 | +6.6% |
| Other operating charges | 640/8 | €18,082 | €18,685 | +€603 | +3.3% |
| Non-recurring operating charges | 66A | - | €0 | +€0 | |
| Gross operating margin | 9900 | €47,041 | €60,901 | +€13,860 | +29.5% |
| Operating profit (loss) | 9901 | €9,623 | €21,600 | +€11,977 | +124.5% |
| Financial income | 75/76B | €244 | €110 | -€133 | -54.7% |
| Recurring financial income | 75 | €244 | €110 | -€133 | -54.7% |
| Financial charges | 65/66B | €8,594 | €8,004 | -€589 | -6.9% |
| Recurring financial charges | 65 | €8,594 | €8,004 | -€589 | -6.9% |
| Profit (loss) for the period before taxes | 9903 | €1,273 | €13,706 | +€12,433 | +976.9% |
| Transfer from deferred taxes | 780 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €1,273 | €13,706 | +€12,433 | +976.9% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €1,273 | €13,706 | +€12,433 | +976.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.