TRRZ: 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.
TRRZ
Largest movements
- Tangible fixed assets -€90,116
down €90,116 (-85.5%), from €105,378 to €15,262
of which Furniture and vehicles: -€89,628
- Cash +€74,265
up €74,265 (+109.9%), from €67,580 to €141,845
mainly Net result for the year (+€144,881) and Investment in fixed assets (net) (+€85,217)
- Receivables within one year +€11,628
up €11,628 (+29.7%), from €39,137 to €50,764
- Other debts -€156,575
down €156,575 (-99.3%), from €157,750 to €1,175
- Reserves +€144,800
up €144,800 (+7784.9%), from €1,860 to €146,660
- Tax, wage and social debts +€8,787
up €8,787 (+33.9%), from €25,891 to €34,677
- Other operating charges +€49,789
up €49,789 (+2667.5%), from €1,867 to €51,656
- Depreciation -€4,551
down €4,551 (-48.2%), from €9,451 to €4,900
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 | €213,026 | €208,737 | -€4,289 | -2.0% |
| Fixed assets | 21/28 | €105,468 | €15,352 | -€90,116 | -85.4% |
| Tangible fixed assets | 22/27 | €105,378 | €15,262 | -€90,116 | -85.5% |
| Plant, machinery and equipment | 23 | €2,438 | €1,950 | -€488 | -20.0% |
| Furniture and vehicles | 24 | €97,985 | €8,357 | -€89,628 | -91.5% |
| Other tangible fixed assets | 26 | €4,955 | €4,955 | = | 0.0% |
| Financial fixed assets | 28 | €90 | €90 | = | 0.0% |
| Current assets | 29/58 | €107,558 | €193,385 | +€85,827 | +79.8% |
| Amounts receivable within one year | 40/41 | €39,137 | €50,764 | +€11,628 | +29.7% |
| Trade receivables | 40 | €39,137 | €50,764 | +€11,628 | +29.7% |
| Cash at bank and in hand | 54/58 | €67,580 | €141,845 | +€74,265 | +109.9% |
| Deferred charges and accrued income | 490/1 | €841 | €776 | -€65 | -7.8% |
| Total equity and liabilities | 10/49 | €213,026 | €208,737 | -€4,289 | -2.0% |
| Equity | 10/15 | €25,675 | €170,556 | +€144,881 | +564.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €146,660 | +€144,800 | +7784.9% |
| Distributable reserves | 133 | €1,860 | €146,660 | +€144,800 | +7784.9% |
| Profit (loss) carried forward | 14 | €5,215 | €5,296 | +€81 | +1.6% |
| Amounts payable | 17/49 | €187,351 | €38,181 | -€149,170 | -79.6% |
| Amounts payable within one year | 42/48 | €187,351 | €38,181 | -€149,170 | -79.6% |
| Trade debts | 44 | €3,710 | €2,328 | -€1,381 | -37.2% |
| Suppliers | 440/4 | €3,710 | €2,328 | -€1,381 | -37.2% |
| Taxes, remuneration and social security | 45 | €25,891 | €34,677 | +€8,787 | +33.9% |
| Taxes | 450/3 | €25,891 | €34,677 | +€8,787 | +33.9% |
| Other amounts payable | 47/48 | €157,750 | €1,175 | -€156,575 | -99.3% |
| Non-recurring operating income | 76A | €22,653 | - | -€22,653 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,451 | €4,900 | -€4,551 | -48.2% |
| Other operating charges | 640/8 | €1,867 | €51,656 | +€49,789 | +2667.5% |
| Gross operating margin | 9900 | €266,451 | €264,823 | -€1,628 | -0.6% |
| Operating profit (loss) | 9901 | €255,134 | €208,268 | -€46,866 | -18.4% |
| Financial charges | 65/66B | €178 | €196 | +€19 | +10.6% |
| Recurring financial charges | 65 | €178 | €196 | +€19 | +10.6% |
| Profit (loss) for the period before taxes | 9903 | €254,956 | €208,071 | -€46,885 | -18.4% |
| Income taxes | 67/77 | €61,258 | €63,190 | +€1,932 | +3.2% |
| Profit (loss) for the period | 9904 | €193,698 | €144,881 | -€48,817 | -25.2% |
| Profit (loss) for the period to be appropriated | 9905 | €193,698 | €144,881 | -€48,817 | -25.2% |
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 5 October 2026 via checked.be.