TRYAS: 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.
TRYAS
Largest movements
- Receivables within one year -€610,184
down €610,184 (-56.7%), from €1.1m to €466,641
of which Trade receivables: -€583,102
- Receivables after one year +€374,655
new in 2025: €374,655
- Cash -€74,982
down €74,982 (-27.2%), from €275,452 to €200,469
mainly Receivables after one year (-€374,655) and Tax, wage and social debts (-€168,725)
- Tangible fixed assets +€19,539
up €19,539 (+7.9%), from €248,654 to €268,193
of which Plant, machinery and equipment: +€27,154
- Tax, wage and social debts -€168,725
down €168,725 (-95.2%), from €177,181 to €8,457
- Profit (loss) carried forward -€48,921
down €48,921 (-13.4%), from €364,046 to €315,125
- Debts after one year -€37,708
down €37,708 (-23.9%), from €157,766 to €120,058
- Other debts -€34,438
down €34,438 (-85.8%), from €40,157 to €5,719
- Gross operating margin -€825,803
down €825,803, from €805,302 to -€20,501
- Taxes -€210,757
down €210,757 (-99.8%), from €211,124 to €366
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.
Derived cash bridge
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 | €1,615,939 | €1,316,651 | -€299,288 | -18.5% |
| Fixed assets | 21/28 | €248,654 | €268,193 | +€19,539 | +7.9% |
| Tangible fixed assets | 22/27 | €248,654 | €268,193 | +€19,539 | +7.9% |
| Land and buildings | 22 | €102,909 | €98,364 | -€4,545 | -4.4% |
| Plant, machinery and equipment | 23 | €17,459 | €44,613 | +€27,154 | +156% |
| Furniture and vehicles | 24 | €3,826 | €6,294 | +€2,468 | +64.5% |
| Other tangible fixed assets | 26 | €124,460 | €118,922 | -€5,538 | -4.4% |
| Current assets | 29/58 | €1,367,285 | €1,048,459 | -€318,826 | -23.3% |
| Amounts receivable after more than one year | 29 | - | €374,655 | +€374,655 | |
| Trade receivables | 290 | - | €374,655 | +€374,655 | |
| Amounts receivable within one year | 40/41 | €1,076,824 | €466,641 | -€610,184 | -56.7% |
| Trade receivables | 40 | €1,019,635 | €436,533 | -€583,102 | -57.2% |
| Other amounts receivable | 41 | €57,189 | €30,108 | -€27,081 | -47.4% |
| Cash at bank and in hand | 54/58 | €275,452 | €200,469 | -€74,982 | -27.2% |
| Deferred charges and accrued income | 490/1 | €15,009 | €6,693 | -€8,316 | -55.4% |
| Total equity and liabilities | 10/49 | €1,615,939 | €1,316,651 | -€299,288 | -18.5% |
| Equity | 10/15 | €1,188,901 | €1,139,981 | -€48,921 | -4.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €806,255 | €806,255 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €804,395 | €804,395 | = | 0.0% |
| Profit (loss) carried forward | 14 | €364,046 | €315,125 | -€48,921 | -13.4% |
| Amounts payable | 17/49 | €427,038 | €176,671 | -€250,367 | -58.6% |
| Amounts payable after more than one year | 17 | €157,766 | €120,058 | -€37,708 | -23.9% |
| Financial debts | 170/4 | €157,766 | €120,058 | -€37,708 | -23.9% |
| Amounts payable within one year | 42/48 | €266,105 | €56,564 | -€209,541 | -78.7% |
| Current portion of amounts payable after more than one year | 42 | €35,902 | €37,708 | +€1,806 | +5.0% |
| Financial debts | 43 | €207 | €83 | -€124 | -59.8% |
| Credit institutions | 430/8 | €207 | €83 | -€124 | -59.8% |
| Trade debts | 44 | €12,657 | €4,598 | -€8,060 | -63.7% |
| Suppliers | 440/4 | €12,657 | €4,598 | -€8,060 | -63.7% |
| Taxes, remuneration and social security | 45 | €177,181 | €8,457 | -€168,725 | -95.2% |
| Taxes | 450/3 | €177,181 | €8,457 | -€168,725 | -95.2% |
| Other amounts payable | 47/48 | €40,157 | €5,719 | -€34,438 | -85.8% |
| Accrued charges and deferred income | 492/3 | €3,167 | €49 | -€3,118 | -98.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,871 | €15,823 | +€1,952 | +14.1% |
| Other operating charges | 640/8 | €1,722 | €1,776 | +€54 | +3.1% |
| Gross operating margin | 9900 | €805,302 | -€20,501 | -€825,803 | |
| Operating profit (loss) | 9901 | €789,709 | -€38,100 | -€827,809 | |
| Financial income | 75/76B | €4,378 | €6,560 | +€2,182 | +49.9% |
| Recurring financial income | 75 | €4,378 | €6,560 | +€2,182 | +49.9% |
| Financial charges | 65/66B | €17,251 | €15,296 | -€1,955 | -11.3% |
| Recurring financial charges | 65 | €17,251 | €15,296 | -€1,955 | -11.3% |
| Profit (loss) for the period before taxes | 9903 | €776,836 | -€46,836 | -€823,672 | |
| Income taxes | 67/77 | €211,124 | €366 | -€210,757 | -99.8% |
| Profit (loss) for the period | 9904 | €565,712 | -€47,203 | -€612,914 | |
| Profit (loss) for the period to be appropriated | 9905 | €565,712 | -€47,203 | -€612,914 |
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 26 October 2026 via checked.be.