B-Trendy: 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.
B-Trendy
Largest movements
- Tangible fixed assets -€22,139
down €22,139 (-19.9%), from €111,471 to €89,333
of which Plant, machinery and equipment: -€18,096
- Stocks and contracts +€12,526
up €12,526 (+2.2%), from €574,186 to €586,713
- Cash -€12,006
down €12,006 (-44.5%), from €26,958 to €14,952
mainly Trade debts (-€39,272) and Other debts (-€34,378)
- Reserves +€71,682
up €71,682 (+40.7%), from €175,971 to €247,653
- Trade debts -€39,272
down €39,272 (-32.7%), from €120,051 to €80,779
- Other debts -€34,378
down €34,378 (-70.3%), from €48,879 to €14,501
- Debts after one year -€30,910
down €30,910 (-12.1%), from €255,105 to €224,196
- Tax, wage and social debts +€17,174
up €17,174 (+100%), from €17,142 to €34,316
of which Remuneration and social security: +€9,193
- Write-downs -€33,481
down €33,481, from €19,176 to -€14,305
- Taxes +€10,512
up €10,512 (+56.4%), from €18,627 to €29,139
- Gross operating margin +€7,726
up €7,726 (+6.1%), from €127,382 to €135,109
- Depreciation +€7,473
up €7,473 (+38.2%), from €19,538 to €27,011
- Other operating charges +€2,181
up €2,181 (+88.1%), from €2,474 to €4,655
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 | €735,842 | €719,678 | -€16,163 | -2.2% |
| Fixed assets | 21/28 | €111,746 | €89,608 | -€22,139 | -19.8% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €111,471 | €89,333 | -€22,139 | -19.9% |
| Land and buildings | 22 | €29,088 | €22,157 | -€6,931 | -23.8% |
| Plant, machinery and equipment | 23 | €79,661 | €61,565 | -€18,096 | -22.7% |
| Furniture and vehicles | 24 | €2,722 | €5,610 | +€2,888 | +106% |
| Financial fixed assets | 28 | €275 | €275 | = | 0.0% |
| Current assets | 29/58 | €624,095 | €630,071 | +€5,975 | +1.0% |
| Stocks and contracts in progress | 3 | €574,186 | €586,713 | +€12,526 | +2.2% |
| Stocks | 30/36 | €574,186 | €586,713 | +€12,526 | +2.2% |
| Amounts receivable within one year | 40/41 | €20,927 | €25,848 | +€4,921 | +23.5% |
| Trade receivables | 40 | €9,896 | €25,216 | +€15,320 | +155% |
| Other amounts receivable | 41 | €11,031 | €633 | -€10,399 | -94.3% |
| Cash at bank and in hand | 54/58 | €26,958 | €14,952 | -€12,006 | -44.5% |
| Deferred charges and accrued income | 490/1 | €2,024 | €2,558 | +€534 | +26.4% |
| Total equity and liabilities | 10/49 | €735,842 | €719,678 | -€16,163 | -2.2% |
| Equity | 10/15 | €254,571 | €326,253 | +€71,682 | +28.2% |
| Contributions | 10/11 | €78,600 | €78,600 | = | 0.0% |
| Reserves | 13 | €175,971 | €247,653 | +€71,682 | +40.7% |
| Distributable reserves | 133 | €175,971 | €247,653 | +€71,682 | +40.7% |
| Amounts payable | 17/49 | €481,271 | €393,425 | -€87,846 | -18.3% |
| Amounts payable after more than one year | 17 | €255,105 | €224,196 | -€30,910 | -12.1% |
| Financial debts | 170/4 | €255,105 | €224,196 | -€30,910 | -12.1% |
| Amounts payable within one year | 42/48 | €226,165 | €169,229 | -€56,936 | -25.2% |
| Current portion of amounts payable after more than one year | 42 | €30,055 | €39,633 | +€9,578 | +31.9% |
| Financial debts | 43 | €10,038 | - | -€10,038 | |
| Credit institutions | 430/8 | €10,038 | - | -€10,038 | |
| Trade debts | 44 | €120,051 | €80,779 | -€39,272 | -32.7% |
| Suppliers | 440/4 | €120,051 | €80,779 | -€39,272 | -32.7% |
| Taxes, remuneration and social security | 45 | €17,142 | €34,316 | +€17,174 | +100% |
| Taxes | 450/3 | €16,261 | €24,242 | +€7,981 | +49.1% |
| Remuneration and social security | 454/9 | €881 | €10,073 | +€9,193 | +1,044% |
| Other amounts payable | 47/48 | €48,879 | €14,501 | -€34,378 | -70.3% |
| Remuneration, social security and pensions | 62 | €4,905 | €3,397 | -€1,508 | -30.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,538 | €27,011 | +€7,473 | +38.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €19,176 | -€14,305 | -€33,481 | |
| Other operating charges | 640/8 | €2,474 | €4,655 | +€2,181 | +88.1% |
| Gross operating margin | 9900 | €127,382 | €135,109 | +€7,726 | +6.1% |
| Operating profit (loss) | 9901 | €81,289 | €114,351 | +€33,062 | +40.7% |
| Financial income | 75/76B | €290 | €145 | -€145 | -50.1% |
| Recurring financial income | 75 | €290 | €145 | -€145 | -50.1% |
| Financial charges | 65/66B | €13,010 | €13,675 | +€665 | +5.1% |
| Recurring financial charges | 65 | €13,010 | €13,675 | +€665 | +5.1% |
| Profit (loss) for the period before taxes | 9903 | €68,569 | €100,821 | +€32,252 | +47.0% |
| Income taxes | 67/77 | €18,627 | €29,139 | +€10,512 | +56.4% |
| Profit (loss) for the period | 9904 | €49,943 | €71,682 | +€21,739 | +43.5% |
| Profit (loss) for the period to be appropriated | 9905 | €49,943 | €71,682 | +€21,739 | +43.5% |
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 16 October 2026 via checked.be.