TRYVAN: 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.
TRYVAN
Largest movements
- Receivables within one year -€398,185
down €398,185 (-50.1%), from €794,603 to €396,418
of which Trade receivables: -€364,784
- Cash -€373,095
down €373,095 (-59.0%), from €632,763 to €259,667
mainly Investment in fixed assets (net) (-€951,423) and Short-term financial debts (-€700,000)
- Tangible fixed assets +€267,994
up €267,994 (+9.6%), from €2.8m to €3.1m
of which Plant, machinery and equipment: +€138,355
- Stocks and contracts +€155,931
up €155,931 (+327.1%), from €47,674 to €203,605
- Short-term financial debts -€700,000
down €700,000 (-100.0%), from €700,000 to €0
- Reserves +€311,837
up €311,837 (+30.6%), from €1.0m to €1.3m
of which Distributable reserves: +€315,837
- Current portion of long-term debt +€61,127
up €61,127 (+11.9%), from €511,684 to €572,810
- Debts after one year -€45,610
down €45,610 (-2.7%), from €1.7m to €1.6m
- Gross operating margin +€373,083
up €373,083 (+21.2%), from €1.8m to €2.1m
- Depreciation +€203,963
up €203,963 (+42.5%), from €479,466 to €683,429
- Staff costs +€108,159
up €108,159 (+13.2%), from €817,429 to €925,588
- Taxes +€44,588
up €44,588 (+147.8%), from €30,174 to €74,762
- Other operating charges +€37,635
up €37,635 (+197.7%), from €19,036 to €56,671
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 | €4,353,516 | €4,003,746 | -€349,771 | -8.0% |
| Fixed assets | 21/28 | €2,851,770 | €3,119,763 | +€267,994 | +9.4% |
| Tangible fixed assets | 22/27 | €2,804,870 | €3,072,863 | +€267,994 | +9.6% |
| Land and buildings | 22 | €1,034,218 | €1,090,469 | +€56,251 | +5.4% |
| Plant, machinery and equipment | 23 | €1,670,747 | €1,809,102 | +€138,355 | +8.3% |
| Furniture and vehicles | 24 | €99,904 | €173,292 | +€73,387 | +73.5% |
| Financial fixed assets | 28 | €46,900 | €46,900 | = | 0.0% |
| Current assets | 29/58 | €1,501,747 | €883,982 | -€617,764 | -41.1% |
| Stocks and contracts in progress | 3 | €47,674 | €203,605 | +€155,931 | +327.1% |
| Stocks | 30/36 | €47,674 | €203,605 | +€155,931 | +327.1% |
| Amounts receivable within one year | 40/41 | €794,603 | €396,418 | -€398,185 | -50.1% |
| Trade receivables | 40 | €558,607 | €193,822 | -€364,784 | -65.3% |
| Other amounts receivable | 41 | €235,996 | €202,595 | -€33,401 | -14.2% |
| Cash at bank and in hand | 54/58 | €632,763 | €259,667 | -€373,095 | -59.0% |
| Deferred charges and accrued income | 490/1 | €26,707 | €24,293 | -€2,415 | -9.0% |
| Total equity and liabilities | 10/49 | €4,353,516 | €4,003,746 | -€349,771 | -8.0% |
| Equity | 10/15 | €1,060,688 | €1,372,526 | +€311,837 | +29.4% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €1,020,688 | €1,332,526 | +€311,837 | +30.6% |
| Non-distributable reserves | 130/1 | €4,000 | €0 | -€4,000 | -100.0% |
| Reserves not available under the articles | 1311 | €4,000 | €0 | -€4,000 | -100.0% |
| Distributable reserves | 133 | €1,016,688 | €1,332,526 | +€315,837 | +31.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €3,292,828 | €2,631,220 | -€661,608 | -20.1% |
| Amounts payable after more than one year | 17 | €1,678,195 | €1,632,585 | -€45,610 | -2.7% |
| Financial debts | 170/4 | €1,678,195 | €1,632,585 | -€45,610 | -2.7% |
| Amounts payable within one year | 42/48 | €1,598,486 | €991,775 | -€606,711 | -38.0% |
| Current portion of amounts payable after more than one year | 42 | €511,684 | €572,810 | +€61,127 | +11.9% |
| Financial debts | 43 | €700,000 | €0 | -€700,000 | -100.0% |
| Credit institutions | 430/8 | €700,000 | €0 | -€700,000 | -100.0% |
| Trade debts | 44 | €365,825 | €389,871 | +€24,045 | +6.6% |
| Suppliers | 440/4 | €365,825 | €389,871 | +€24,045 | +6.6% |
| Taxes, remuneration and social security | 45 | €5,201 | €21,701 | +€16,500 | +317.3% |
| Taxes | 450/3 | €1,338 | €5,900 | +€4,561 | +340.9% |
| Remuneration and social security | 454/9 | €3,862 | €15,801 | +€11,939 | +309.1% |
| Other amounts payable | 47/48 | €15,777 | €7,393 | -€8,383 | -53.1% |
| Accrued charges and deferred income | 492/3 | €16,147 | €6,860 | -€9,287 | -57.5% |
| Remuneration, social security and pensions | 62 | €817,429 | €925,588 | +€108,159 | +13.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €479,466 | €683,429 | +€203,963 | +42.5% |
| Other operating charges | 640/8 | €19,036 | €56,671 | +€37,635 | +197.7% |
| Gross operating margin | 9900 | €1,762,846 | €2,135,930 | +€373,083 | +21.2% |
| Operating profit (loss) | 9901 | €446,914 | €470,241 | +€23,327 | +5.2% |
| Financial income | 75/76B | €6,369 | €17,985 | +€11,617 | +182.4% |
| Recurring financial income | 75 | €6,369 | €17,985 | +€11,617 | +182.4% |
| Financial charges | 65/66B | €95,217 | €101,627 | +€6,410 | +6.7% |
| Recurring financial charges | 65 | €95,217 | €101,627 | +€6,410 | +6.7% |
| Profit (loss) for the period before taxes | 9903 | €358,066 | €386,599 | +€28,533 | +8.0% |
| Income taxes | 67/77 | €30,174 | €74,762 | +€44,588 | +147.8% |
| Profit (loss) for the period | 9904 | €327,892 | €311,837 | -€16,055 | -4.9% |
| Profit (loss) for the period to be appropriated | 9905 | €327,892 | €311,837 | -€16,055 | -4.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.