TRYGO: 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.
TRYGO
Largest movements
- Receivables within one year -€126,364
down €126,364 (-65.9%), from €191,714 to €65,350
of which Trade receivables: -€121,019
- Stocks and contracts -€14,278
down €14,278 (-69.3%), from €20,600 to €6,322
of which Contracts in progress: -€12,300
- Cash -€7,446
down €7,446 (-78.7%), from €9,461 to €2,015
mainly Trade debts (-€118,035) and Tax, wage and social debts (-€25,028)
- Deferred charges and accrued income +€7,273
up €7,273 (+414%), from €1,757 to €9,030
- Tangible fixed assets -€3,056
down €3,056 (-37.0%), from €8,248 to €5,193
of which Plant, machinery and equipment: -€2,085
- Trade debts -€118,035
down €118,035 (-74.0%), from €159,558 to €41,523
- Tax, wage and social debts -€25,028
down €25,028 (-39.4%), from €63,455 to €38,427
of which Taxes: -€25,028
- Accrued charges and deferred income -€3,115
down €3,115 (-100%), from €3,115 to €0
- Purchases and services -€1.1m
no longer reported in 2024 (was €1.1m)
- Turnover -€989,145
no longer reported in 2024 (was €989,145)
- Gross operating margin +€102,606
up €102,606, from -€76,487 to €26,119
- Other operating charges +€18,079
up €18,079 (+1,967%), from €919 to €18,998
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €235,474 | €91,603 | -€143,871 | -61.1% |
| Formation expenses | 20 | €1,149 | €1,149 | = | 0.0% |
| Fixed assets | 21/28 | €8,814 | €5,759 | -€3,056 | -34.7% |
| Tangible fixed assets | 22/27 | €8,248 | €5,193 | -€3,056 | -37.0% |
| Land and buildings | 22 | €0 | €0 | = | |
| Plant, machinery and equipment | 23 | €6,906 | €4,820 | -€2,085 | -30.2% |
| Furniture and vehicles | 24 | €1,342 | €372 | -€970 | -72.3% |
| Financial fixed assets | 28 | €566 | €566 | = | 0.0% |
| Current assets | 29/58 | €225,511 | €84,695 | -€140,815 | -62.4% |
| Amounts receivable after more than one year | 29 | €1,978 | €1,978 | = | 0.0% |
| Trade receivables | 290 | €1,978 | €1,978 | = | 0.0% |
| Stocks and contracts in progress | 3 | €20,600 | €6,322 | -€14,278 | -69.3% |
| Stocks | 30/36 | €8,300 | €6,322 | -€1,978 | -23.8% |
| Contracts in progress | 37 | €12,300 | €0 | -€12,300 | -100% |
| Amounts receivable within one year | 40/41 | €191,714 | €65,350 | -€126,364 | -65.9% |
| Trade receivables | 40 | €154,264 | €33,244 | -€121,019 | -78.4% |
| Other amounts receivable | 41 | €37,450 | €32,106 | -€5,344 | -14.3% |
| Cash at bank and in hand | 54/58 | €9,461 | €2,015 | -€7,446 | -78.7% |
| Deferred charges and accrued income | 490/1 | €1,757 | €9,030 | +€7,273 | +414% |
| Total equity and liabilities | 10/49 | €235,474 | €91,603 | -€143,871 | -61.1% |
| Equity | 10/15 | €9,346 | €10,623 | +€1,277 | +13.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€654 | €623 | +€1,277 | |
| Amounts payable | 17/49 | €226,128 | €80,980 | -€145,148 | -64.2% |
| Amounts payable within one year | 42/48 | €223,013 | €80,980 | -€142,033 | -63.7% |
| Trade debts | 44 | €159,558 | €41,523 | -€118,035 | -74.0% |
| Suppliers | 440/4 | €159,558 | €41,523 | -€118,035 | -74.0% |
| Taxes, remuneration and social security | 45 | €63,455 | €38,427 | -€25,028 | -39.4% |
| Taxes | 450/3 | €63,455 | €38,427 | -€25,028 | -39.4% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €0 | €1,030 | +€1,030 | |
| Accrued charges and deferred income | 492/3 | €3,115 | €0 | -€3,115 | -100% |
| Turnover | 70 | €989,145 | - | -€989,145 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €1,079,228 | - | -€1.1m | |
| Remuneration, social security and pensions | 62 | €1,514 | €381 | -€1,134 | -74.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,736 | €3,056 | +€319 | +11.7% |
| Other operating charges | 640/8 | €919 | €18,998 | +€18,079 | +1,967% |
| Gross operating margin | 9900 | -€76,487 | €26,119 | +€102,606 | |
| Operating profit (loss) | 9901 | -€81,657 | €3,685 | +€85,342 | |
| Financial income | 75/76B | €16 | €10 | -€6 | -37.6% |
| Recurring financial income | 75 | €16 | €10 | -€6 | -37.6% |
| Financial charges | 65/66B | €602 | €2,248 | +€1,646 | +273% |
| Recurring financial charges | 65 | €602 | €2,248 | +€1,646 | +273% |
| Profit (loss) for the period before taxes | 9903 | -€82,243 | €1,447 | +€83,690 | |
| Income taxes | 67/77 | - | €170 | +€170 | |
| Profit (loss) for the period | 9904 | -€82,243 | €1,277 | +€83,520 | |
| Profit (loss) for the period to be appropriated | 9905 | -€82,243 | €1,277 | +€83,520 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.