TRV SECURITY: 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.
TRV SECURITY
Largest movements
- Cash -€42,550
down €42,550 (-16.0%), from €266,717 to €224,166
mainly Net result for the year (-€36,338) and Trade debts (-€20,006)
- Receivables within one year -€10,125
down €10,125 (-42.0%), from €24,118 to €13,993
of which Trade receivables: -€6,937
- Profit (loss) carried forward -€36,338
down €36,338, from €3,700 to -€32,638
- Trade debts -€20,006
down €20,006 (-82.9%), from €24,126 to €4,121
- Gross operating margin -€42,851
down €42,851 (-69.0%), from €62,087 to €19,235
- Taxes -€2,429
down €2,429 (-84.0%), from €2,890 to €461
- Staff costs -€2,364
down €2,364 (-4.3%), from €55,041 to €52,677
- Other operating charges +€1,975
up €1,975 (+655.6%), from €301 to €2,276
- Financial income +€1,233
up €1,233 (+230.3%), from €535 to €1,768
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 | €294,513 | €240,438 | -€54,075 | -18.4% |
| Fixed assets | 21/28 | €3,526 | €2,275 | -€1,251 | -35.5% |
| Tangible fixed assets | 22/27 | €2,270 | €1,019 | -€1,251 | -55.1% |
| Furniture and vehicles | 24 | €2,270 | €1,019 | -€1,251 | -55.1% |
| Financial fixed assets | 28 | €1,256 | €1,256 | = | 0.0% |
| Current assets | 29/58 | €290,987 | €238,163 | -€52,824 | -18.2% |
| Amounts receivable within one year | 40/41 | €24,118 | €13,993 | -€10,125 | -42.0% |
| Trade receivables | 40 | €19,630 | €12,693 | -€6,937 | -35.3% |
| Other amounts receivable | 41 | €4,488 | €1,300 | -€3,188 | -71.0% |
| Cash at bank and in hand | 54/58 | €266,717 | €224,166 | -€42,550 | -16.0% |
| Deferred charges and accrued income | 490/1 | €151 | €3 | -€148 | -97.9% |
| Total equity and liabilities | 10/49 | €294,513 | €240,438 | -€54,075 | -18.4% |
| Equity | 10/15 | €229,059 | €192,721 | -€36,338 | -15.9% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Outside capital | 11 | €25,000 | €25,000 | = | 0.0% |
| Other | 1109/19 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €200,359 | €200,359 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €197,859 | €197,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,700 | -€32,638 | -€36,338 | |
| Amounts payable | 17/49 | €65,453 | €47,717 | -€17,737 | -27.1% |
| Amounts payable within one year | 42/48 | €53,318 | €35,607 | -€17,711 | -33.2% |
| Trade debts | 44 | €24,126 | €4,121 | -€20,006 | -82.9% |
| Suppliers | 440/4 | €24,126 | €4,121 | -€20,006 | -82.9% |
| Taxes, remuneration and social security | 45 | €11,484 | €10,940 | -€544 | -4.7% |
| Taxes | 450/3 | €1,481 | €801 | -€681 | -46.0% |
| Remuneration and social security | 454/9 | €10,002 | €10,140 | +€137 | +1.4% |
| Other amounts payable | 47/48 | €17,708 | €20,546 | +€2,838 | +16.0% |
| Accrued charges and deferred income | 492/3 | €12,136 | €12,110 | -€26 | -0.2% |
| Remuneration, social security and pensions | 62 | €55,041 | €52,677 | -€2,364 | -4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,315 | €1,251 | -€64 | -4.9% |
| Other operating charges | 640/8 | €301 | €2,276 | +€1,975 | +655.6% |
| Gross operating margin | 9900 | €62,087 | €19,235 | -€42,851 | -69.0% |
| Operating profit (loss) | 9901 | €5,430 | -€36,968 | -€42,398 | |
| Financial income | 75/76B | €535 | €1,768 | +€1,233 | +230.3% |
| Recurring financial income | 75 | €535 | €1,768 | +€1,233 | +230.3% |
| Financial charges | 65/66B | €165 | €677 | +€511 | +309.4% |
| Recurring financial charges | 65 | €165 | €677 | +€511 | +309.4% |
| Profit (loss) for the period before taxes | 9903 | €5,800 | -€35,877 | -€41,677 | |
| Income taxes | 67/77 | €2,890 | €461 | -€2,429 | -84.0% |
| Profit (loss) for the period | 9904 | €2,910 | -€36,338 | -€39,248 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,910 | -€36,338 | -€39,248 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.