DE TRE A.: 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.
DE TRE A.
Largest movements
- Cash -€34,021
down €34,021 (-17.8%), from €190,682 to €156,661
mainly Net result for the year (-€45,053) and Deferred charges and accrued income (-€15,019)
- Receivables within one year -€22,561
no longer reported in 2025 (was €22,561)
- Deferred charges and accrued income +€15,019
up €15,019 (+100.1%), from €14,999 to €30,018
- Profit (loss) carried forward -€45,053
down €45,053 (-20.8%), from €216,672 to €171,619
- Trade debts +€3,312
new in 2025: €3,312
- Gross operating margin -€46,370
down €46,370, from €13,299 to -€33,071
- Other operating charges +€879
up €879 (+135.9%), from €647 to €1,526
- Depreciation -€462
no longer reported in 2025 (was €462)
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 | €229,289 | €188,089 | -€41,200 | -18.0% |
| Fixed assets | 21/28 | €1,047 | €1,410 | +€363 | +34.7% |
| Tangible fixed assets | 22/27 | €1,047 | €1,410 | +€363 | +34.7% |
| Furniture and vehicles | 24 | €1,047 | €1,410 | +€363 | +34.7% |
| Current assets | 29/58 | €228,242 | €186,679 | -€41,563 | -18.2% |
| Amounts receivable within one year | 40/41 | €22,561 | - | -€22,561 | |
| Other amounts receivable | 41 | €22,561 | - | -€22,561 | |
| Cash at bank and in hand | 54/58 | €190,682 | €156,661 | -€34,021 | -17.8% |
| Deferred charges and accrued income | 490/1 | €14,999 | €30,018 | +€15,019 | +100.1% |
| Total equity and liabilities | 10/49 | €229,289 | €188,089 | -€41,200 | -18.0% |
| Equity | 10/15 | €223,534 | €178,481 | -€45,053 | -20.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €662 | €662 | = | 0.0% |
| Non-distributable reserves | 130/1 | €662 | €662 | = | 0.0% |
| Legal reserve | 130 | €662 | €662 | = | 0.0% |
| Profit (loss) carried forward | 14 | €216,672 | €171,619 | -€45,053 | -20.8% |
| Amounts payable | 17/49 | €5,755 | €9,608 | +€3,853 | +67.0% |
| Amounts payable within one year | 42/48 | €5,750 | €9,603 | +€3,853 | +67.0% |
| Trade debts | 44 | - | €3,312 | +€3,312 | |
| Suppliers | 440/4 | - | €3,312 | +€3,312 | |
| Taxes, remuneration and social security | 45 | €5,750 | €6,291 | +€541 | +9.4% |
| Taxes | 450/3 | €5,750 | €6,291 | +€541 | +9.4% |
| Accrued charges and deferred income | 492/3 | €5 | €5 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €462 | - | -€462 | |
| Other operating charges | 640/8 | €647 | €1,526 | +€879 | +135.9% |
| Gross operating margin | 9900 | €13,299 | -€33,071 | -€46,370 | |
| Operating profit (loss) | 9901 | €12,190 | -€34,597 | -€46,787 | |
| Financial charges | 65/66B | €37 | €36 | -€1 | -2.7% |
| Recurring financial charges | 65 | €37 | €36 | -€1 | -2.7% |
| Profit (loss) for the period before taxes | 9903 | €12,153 | -€34,633 | -€46,786 | |
| Income taxes | 67/77 | €10,702 | €10,420 | -€282 | -2.6% |
| Profit (loss) for the period | 9904 | €1,451 | -€45,053 | -€46,504 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,451 | -€45,053 | -€46,504 |
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 5 October 2026 via checked.be.