DE 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.
DE TREFLE
Largest movements
- Cash +€36,514
up €36,514 (+67.0%), from €54,519 to €91,033
mainly Net result for the year (+€40,716) and Depreciation (+€3,465)
- Tangible fixed assets +€2,261
up €2,261 (+16.4%), from €13,762 to €16,023
of which Other tangible fixed assets: +€5,170
- Profit (loss) carried forward +€40,716
up €40,716 (+51.1%), from €79,697 to €120,413
- Other debts -€3,427
down €3,427 (-60.3%), from €5,684 to €2,258
- Gross operating margin +€23,672
up €23,672 (+72.1%), from €32,835 to €56,508
- Taxes +€4,631
up €4,631 (+82.1%), from €5,638 to €10,269
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 | €98,413 | €135,892 | +€37,479 | +38.1% |
| Fixed assets | 21/28 | €13,762 | €16,023 | +€2,261 | +16.4% |
| Tangible fixed assets | 22/27 | €13,762 | €16,023 | +€2,261 | +16.4% |
| Furniture and vehicles | 24 | €9,194 | €6,285 | -€2,909 | -31.6% |
| Other tangible fixed assets | 26 | €4,568 | €9,738 | +€5,170 | +113.2% |
| Current assets | 29/58 | €84,651 | €119,869 | +€35,218 | +41.6% |
| Amounts receivable within one year | 40/41 | €26,378 | €26,360 | -€18 | -0.1% |
| Trade receivables | 40 | €26,366 | €25,579 | -€787 | -3.0% |
| Other amounts receivable | 41 | €12 | €782 | +€769 | +6212.6% |
| Cash at bank and in hand | 54/58 | €54,519 | €91,033 | +€36,514 | +67.0% |
| Deferred charges and accrued income | 490/1 | €3,754 | €2,476 | -€1,278 | -34.0% |
| Total equity and liabilities | 10/49 | €98,413 | €135,892 | +€37,479 | +38.1% |
| Equity | 10/15 | €84,697 | €125,413 | +€40,716 | +48.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €79,697 | €120,413 | +€40,716 | +51.1% |
| Amounts payable | 17/49 | €13,716 | €10,479 | -€3,237 | -23.6% |
| Amounts payable within one year | 42/48 | €13,716 | €10,479 | -€3,237 | -23.6% |
| Trade debts | 44 | €2,096 | €2,446 | +€350 | +16.7% |
| Suppliers | 440/4 | €2,096 | €2,446 | +€350 | +16.7% |
| Taxes, remuneration and social security | 45 | €5,935 | €5,775 | -€160 | -2.7% |
| Taxes | 450/3 | €5,935 | €5,775 | -€160 | -2.7% |
| Other amounts payable | 47/48 | €5,684 | €2,258 | -€3,427 | -60.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,637 | €3,465 | -€172 | -4.7% |
| Other operating charges | 640/8 | €815 | €799 | -€15 | -1.9% |
| Gross operating margin | 9900 | €32,835 | €56,508 | +€23,672 | +72.1% |
| Operating profit (loss) | 9901 | €28,384 | €52,244 | +€23,860 | +84.1% |
| Financial income | 75/76B | €8 | - | -€8 | |
| Recurring financial income | 75 | €8 | - | -€8 | |
| Financial charges | 65/66B | €1,599 | €1,260 | -€339 | -21.2% |
| Recurring financial charges | 65 | €1,599 | €1,260 | -€339 | -21.2% |
| Profit (loss) for the period before taxes | 9903 | €26,792 | €50,984 | +€24,192 | +90.3% |
| Income taxes | 67/77 | €5,638 | €10,269 | +€4,631 | +82.1% |
| Profit (loss) for the period | 9904 | €21,155 | €40,716 | +€19,561 | +92.5% |
| Profit (loss) for the period to be appropriated | 9905 | €21,155 | €40,716 | +€19,561 | +92.5% |
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.