TRYGES: 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.
TRYGES
Largest movements
- Current investments -€169,371
down €169,371 (-18.8%), from €901,317 to €731,946
- Tangible fixed assets +€128,544
up €128,544 (+74.3%), from €173,010 to €301,555
of which Other tangible fixed assets: +€150,906
- Stocks and contracts +€126,979
up €126,979 (+15.5%), from €816,674 to €943,653
- Receivables within one year -€91,878
down €91,878 (-31.2%), from €294,110 to €202,231
of which Trade receivables: -€116,020
- Cash +€57,333
up €57,333 (+50.1%), from €114,492 to €171,825
mainly Other debts (+€350,000) and Current investments (+€169,371)
- Other debts +€350,000
new in 2025: €350,000
- Profit (loss) carried forward -€285,589
down €285,589 (-15.9%), from €1.8m to €1.5m
- Tax, wage and social debts -€80,913
down €80,913 (-42.7%), from €189,692 to €108,779
of which Taxes: -€91,619
- Trade debts +€69,149
up €69,149 (+97.8%), from €70,711 to €139,859
- Gross operating margin -€133,689
down €133,689 (-11.6%), from €1.2m to €1.0m
- Staff costs +€122,827
up €122,827 (+16.7%), from €737,463 to €860,290
- Taxes -€80,353
down €80,353 (-77.8%), from €103,275 to €22,922
- Other operating charges +€37,322
up €37,322 (+359.0%), from €10,396 to €47,718
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 | €2,356,082 | €2,408,165 | +€52,084 | +2.2% |
| Fixed assets | 21/28 | €225,311 | €353,855 | +€128,544 | +57.1% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €173,010 | €301,555 | +€128,544 | +74.3% |
| Land and buildings | 22 | €87,175 | €87,175 | = | 0.0% |
| Plant, machinery and equipment | 23 | €0 | €3,663 | +€3,663 | |
| Furniture and vehicles | 24 | €85,835 | €59,811 | -€26,024 | -30.3% |
| Other tangible fixed assets | 26 | €0 | €150,906 | +€150,906 | |
| Financial fixed assets | 28 | €52,301 | €52,301 | = | 0.0% |
| Current assets | 29/58 | €2,130,771 | €2,054,310 | -€76,461 | -3.6% |
| Amounts receivable after more than one year | 29 | €4,179 | €4,179 | = | 0.0% |
| Other amounts receivable | 291 | €4,179 | €4,179 | = | 0.0% |
| Stocks and contracts in progress | 3 | €816,674 | €943,653 | +€126,979 | +15.5% |
| Stocks | 30/36 | €816,674 | €943,653 | +€126,979 | +15.5% |
| Amounts receivable within one year | 40/41 | €294,110 | €202,231 | -€91,878 | -31.2% |
| Trade receivables | 40 | €294,110 | €178,090 | -€116,020 | -39.4% |
| Other amounts receivable | 41 | - | €24,141 | +€24,141 | |
| Current investments | 50/53 | €901,317 | €731,946 | -€169,371 | -18.8% |
| Cash at bank and in hand | 54/58 | €114,492 | €171,825 | +€57,333 | +50.1% |
| Deferred charges and accrued income | 490/1 | €0 | €477 | +€477 | |
| Total equity and liabilities | 10/49 | €2,356,082 | €2,408,165 | +€52,084 | +2.2% |
| Equity | 10/15 | €2,088,272 | €1,802,683 | -€285,589 | -13.7% |
| Contributions | 10/11 | €238,529 | €238,529 | = | 0.0% |
| Capital | 10 | €238,529 | €238,529 | = | 0.0% |
| Issued capital | 100 | €238,529 | €238,529 | = | 0.0% |
| Reserves | 13 | €48,870 | €48,870 | = | 0.0% |
| Non-distributable reserves | 130/1 | €23,853 | €23,853 | = | 0.0% |
| Legal reserve | 130 | €23,853 | €23,853 | = | 0.0% |
| Tax-exempt reserves | 132 | €8,112 | €8,112 | = | 0.0% |
| Distributable reserves | 133 | €16,905 | €16,905 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,800,873 | €1,515,284 | -€285,589 | -15.9% |
| Provisions and deferred taxes | 16 | €6,197 | €6,197 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €6,197 | €6,197 | = | 0.0% |
| Major repairs and maintenance | 162 | €6,197 | €6,197 | = | 0.0% |
| Amounts payable | 17/49 | €261,612 | €599,285 | +€337,673 | +129.1% |
| Amounts payable within one year | 42/48 | €260,402 | €598,638 | +€338,236 | +129.9% |
| Trade debts | 44 | €70,711 | €139,859 | +€69,149 | +97.8% |
| Suppliers | 440/4 | €70,711 | €139,859 | +€69,149 | +97.8% |
| Taxes, remuneration and social security | 45 | €189,692 | €108,779 | -€80,913 | -42.7% |
| Taxes | 450/3 | €105,431 | €13,813 | -€91,619 | -86.9% |
| Remuneration and social security | 454/9 | €84,260 | €94,966 | +€10,706 | +12.7% |
| Other amounts payable | 47/48 | - | €350,000 | +€350,000 | |
| Accrued charges and deferred income | 492/3 | €1,210 | €647 | -€563 | -46.5% |
| Remuneration, social security and pensions | 62 | €737,463 | €860,290 | +€122,827 | +16.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,543 | €30,204 | +€3,661 | +13.8% |
| Other operating charges | 640/8 | €10,396 | €47,718 | +€37,322 | +359.0% |
| Gross operating margin | 9900 | €1,154,289 | €1,020,601 | -€133,689 | -11.6% |
| Operating profit (loss) | 9901 | €379,887 | €82,389 | -€297,499 | -78.3% |
| Financial income | 75/76B | €20,505 | €21,134 | +€629 | +3.1% |
| Recurring financial income | 75 | €20,505 | €21,134 | +€629 | +3.1% |
| Financial charges | 65/66B | €9,428 | €16,190 | +€6,762 | +71.7% |
| Recurring financial charges | 65 | €9,428 | €16,190 | +€6,762 | +71.7% |
| Profit (loss) for the period before taxes | 9903 | €390,964 | €87,332 | -€303,631 | -77.7% |
| Income taxes | 67/77 | €103,275 | €22,922 | -€80,353 | -77.8% |
| Profit (loss) for the period | 9904 | €287,689 | €64,411 | -€223,279 | -77.6% |
| Profit (loss) for the period to be appropriated | 9905 | €287,689 | €64,411 | -€223,279 | -77.6% |
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 7 October 2026 via checked.be.