DU TRÉ: 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.
DU TRÉ
Largest movements
- Tangible fixed assets -€20,722
down €20,722 (-26.7%), from €77,611 to €56,889
- Cash +€20,204
up €20,204 (+61.1%), from €33,085 to €53,288
mainly Other debts (+€85,886) and Net result for the year (+€43,434)
- Receivables within one year +€19,626
up €19,626 (+41.3%), from €47,487 to €67,113
of which Trade receivables: +€22,598
- Other debts +€85,886
up €85,886 (+413.1%), from €20,792 to €106,678
- Reserves -€56,566
down €56,566 (-55.7%), from €101,507 to €44,941
- Trade debts +€15,190
up €15,190 (+578.9%), from €2,624 to €17,814
- Tax, wage and social debts -€14,772
down €14,772 (-77.2%), from €19,126 to €4,354
- Current portion of long-term debt -€10,414
down €10,414 (-100.0%), from €10,414 to €0
- Gross operating margin -€25,582
down €25,582 (-23.0%), from €111,005 to €85,424
- Depreciation +€6,040
up €6,040 (+37.9%), from €15,943 to €21,982
- Taxes -€1,545
down €1,545 (-8.3%), from €18,636 to €17,091
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 | €158,462 | €177,787 | +€19,325 | +12.2% |
| Fixed assets | 21/28 | €77,611 | €56,889 | -€20,722 | -26.7% |
| Tangible fixed assets | 22/27 | €77,611 | €56,889 | -€20,722 | -26.7% |
| Furniture and vehicles | 24 | €77,611 | €56,889 | -€20,722 | -26.7% |
| Current assets | 29/58 | €80,851 | €120,898 | +€40,047 | +49.5% |
| Amounts receivable within one year | 40/41 | €47,487 | €67,113 | +€19,626 | +41.3% |
| Trade receivables | 40 | €37,601 | €60,199 | +€22,598 | +60.1% |
| Other amounts receivable | 41 | €9,886 | €6,913 | -€2,972 | -30.1% |
| Cash at bank and in hand | 54/58 | €33,085 | €53,288 | +€20,204 | +61.1% |
| Deferred charges and accrued income | 490/1 | €279 | €497 | +€218 | +78.1% |
| Total equity and liabilities | 10/49 | €158,462 | €177,787 | +€19,325 | +12.2% |
| Equity | 10/15 | €105,507 | €48,941 | -€56,566 | -53.6% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €101,507 | €44,941 | -€56,566 | -55.7% |
| Distributable reserves | 133 | €101,507 | €44,941 | -€56,566 | -55.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €52,955 | €128,846 | +€75,891 | +143.3% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €52,955 | €128,846 | +€75,891 | +143.3% |
| Current portion of amounts payable after more than one year | 42 | €10,414 | €0 | -€10,414 | -100.0% |
| Trade debts | 44 | €2,624 | €17,814 | +€15,190 | +578.9% |
| Suppliers | 440/4 | €2,624 | €17,814 | +€15,190 | +578.9% |
| Taxes, remuneration and social security | 45 | €19,126 | €4,354 | -€14,772 | -77.2% |
| Taxes | 450/3 | €19,126 | €4,354 | -€14,772 | -77.2% |
| Other amounts payable | 47/48 | €20,792 | €106,678 | +€85,886 | +413.1% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,943 | €21,982 | +€6,040 | +37.9% |
| Other operating charges | 640/8 | €1,024 | €1,215 | +€191 | +18.7% |
| Gross operating margin | 9900 | €111,005 | €85,424 | -€25,582 | -23.0% |
| Operating profit (loss) | 9901 | €94,039 | €62,226 | -€31,812 | -33.8% |
| Financial income | 75/76B | €0 | €236 | +€236 | +472160.0% |
| Recurring financial income | 75 | €0 | €236 | +€236 | +472160.0% |
| Financial charges | 65/66B | €2,041 | €1,937 | -€103 | -5.1% |
| Recurring financial charges | 65 | €2,041 | €1,937 | -€103 | -5.1% |
| Profit (loss) for the period before taxes | 9903 | €91,998 | €60,525 | -€31,473 | -34.2% |
| Income taxes | 67/77 | €18,636 | €17,091 | -€1,545 | -8.3% |
| Profit (loss) for the period | 9904 | €73,362 | €43,434 | -€29,928 | -40.8% |
| Profit (loss) for the period to be appropriated | 9905 | €73,362 | €43,434 | -€29,928 | -40.8% |
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 6 October 2026 via checked.be.