4 TREFLE: 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.
4 TREFLE
Largest movements
- Cash +€41,957
up €41,957 (+51.5%), from €81,542 to €123,500
mainly Net result for the year (+€166,229) and Debts after one year (+€50,000)
- Receivables within one year +€38,322
up €38,322 (+61.0%), from €62,830 to €101,152
of which Other amounts receivable: +€41,944
- Receivables after one year +€30,986
up €30,986 (+6.8%), from €455,681 to €486,667
- Profit (loss) carried forward +€116,229
up €116,229 (+46.2%), from €251,564 to €367,793
- Tax, wage and social debts -€50,762
down €50,762 (-93.8%), from €54,126 to €3,364
- Debts after one year +€50,000
up €50,000 (+32.1%), from €155,533 to €205,533
of which Other amounts payable: +€50,000
- Trade debts -€12,304
down €12,304 (-32.6%), from €37,758 to €25,454
- Purchases and services -€248,500
down €248,500 (-40.0%), from €620,651 to €372,151
- Turnover -€200,327
down €200,327 (-28.2%), from €709,460 to €509,132
- Gross operating margin +€43,081
up €43,081 (+42.8%), from €100,646 to €143,727
- Taxes -€33,453
down €33,453 (-97.6%), from €34,287 to €835
- Other operating charges -€16,572
down €16,572 (-73.9%), from €22,426 to €5,854
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.
Cash bridge derived
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 | €616,552 | €720,497 | +€103,945 | +16.9% |
| Fixed assets | 21/28 | €11,865 | €8,438 | -€3,426 | -28.9% |
| Tangible fixed assets | 22/27 | €11,865 | €8,438 | -€3,426 | -28.9% |
| Plant, machinery and equipment | 23 | €0 | - | -€0 | |
| Furniture and vehicles | 24 | €7,355 | €5,178 | -€2,177 | -29.6% |
| Other tangible fixed assets | 26 | €4,510 | €3,261 | -€1,249 | -27.7% |
| Current assets | 29/58 | €604,687 | €712,058 | +€107,371 | +17.8% |
| Amounts receivable after more than one year | 29 | €455,681 | €486,667 | +€30,986 | +6.8% |
| Trade receivables | 290 | €455,681 | €486,667 | +€30,986 | +6.8% |
| Stocks and contracts in progress | 3 | €4,269 | €364 | -€3,905 | -91.5% |
| Stocks | 30/36 | €4,269 | €364 | -€3,905 | -91.5% |
| Amounts receivable within one year | 40/41 | €62,830 | €101,152 | +€38,322 | +61.0% |
| Trade receivables | 40 | €25,934 | €22,312 | -€3,621 | -14.0% |
| Other amounts receivable | 41 | €36,896 | €78,840 | +€41,944 | +113.7% |
| Cash at bank and in hand | 54/58 | €81,542 | €123,500 | +€41,957 | +51.5% |
| Deferred charges and accrued income | 490/1 | €365 | €375 | +€10 | +2.8% |
| Total equity and liabilities | 10/49 | €616,552 | €720,497 | +€103,945 | +16.9% |
| Equity | 10/15 | €272,024 | €388,253 | +€116,229 | +42.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 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% |
| Profit (loss) carried forward | 14 | €251,564 | €367,793 | +€116,229 | +46.2% |
| Amounts payable | 17/49 | €344,528 | €332,244 | -€12,284 | -3.6% |
| Amounts payable after more than one year | 17 | €155,533 | €205,533 | +€50,000 | +32.1% |
| Financial debts | 170/4 | €5,533 | €5,533 | = | 0.0% |
| Other amounts payable | 178/9 | €150,000 | €200,000 | +€50,000 | +33.3% |
| Amounts payable within one year | 42/48 | €188,995 | €123,510 | -€65,484 | -34.6% |
| Current portion of amounts payable after more than one year | 42 | €2,306 | €77 | -€2,229 | -96.6% |
| Financial debts | 43 | €5 | - | -€5 | |
| Credit institutions | 430/8 | €5 | - | -€5 | |
| Trade debts | 44 | €37,758 | €25,454 | -€12,304 | -32.6% |
| Suppliers | 440/4 | €37,758 | €25,454 | -€12,304 | -32.6% |
| Taxes, remuneration and social security | 45 | €54,126 | €3,364 | -€50,762 | -93.8% |
| Taxes | 450/3 | €54,126 | €3,364 | -€50,762 | -93.8% |
| Other amounts payable | 47/48 | €94,800 | €94,614 | -€185 | -0.2% |
| Accrued charges and deferred income | 492/3 | - | €3,200 | +€3,200 | |
| Turnover | 70 | €709,460 | €509,132 | -€200,327 | -28.2% |
| Non-recurring operating income | 76A | - | €6,746 | +€6,746 | |
| Goods, raw materials, services and sundry goods | 60/61 | €620,651 | €372,151 | -€248,500 | -40.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,124 | €3,426 | -€3,698 | -51.9% |
| Other operating charges | 640/8 | €22,426 | €5,854 | -€16,572 | -73.9% |
| Gross operating margin | 9900 | €100,646 | €143,727 | +€43,081 | +42.8% |
| Operating profit (loss) | 9901 | €71,097 | €134,447 | +€63,350 | +89.1% |
| Financial income | 75/76B | €33,698 | €33,548 | -€150 | -0.4% |
| Recurring financial income | 75 | €26,498 | €33,548 | +€7,050 | +26.6% |
| Non-recurring financial income | 76B | €7,201 | - | -€7,201 | |
| Financial charges | 65/66B | €3,244 | €931 | -€2,313 | -71.3% |
| Recurring financial charges | 65 | €3,244 | €931 | -€2,313 | -71.3% |
| Profit (loss) for the period before taxes | 9903 | €101,551 | €167,064 | +€65,513 | +64.5% |
| Income taxes | 67/77 | €34,287 | €835 | -€33,453 | -97.6% |
| Profit (loss) for the period | 9904 | €67,264 | €166,229 | +€98,966 | +147.1% |
| Profit (loss) for the period to be appropriated | 9905 | €67,264 | €166,229 | +€98,966 | +147.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.