LE ROI DE TREFLE: 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.
LE ROI DE TREFLE
Largest movements
- Stocks and contracts +€53,950
up €53,950 (+55.9%), from €96,530 to €150,480
- Tangible fixed assets -€30,298
down €30,298 (-24.8%), from €122,270 to €91,972
- Debts after one year -€23,129
down €23,129 (-48.8%), from €47,417 to €24,288
- Reserves +€20,000
new in 2025: €20,000
- Trade debts +€8,269
up €8,269 (+55.5%), from €14,912 to €23,181
- Tax, wage and social debts +€8,123
up €8,123 (+65.2%), from €12,457 to €20,580
of which Taxes: +€5,162
- Other debts +€3,048
up €3,048 (+6.0%), from €50,527 to €53,575
- Gross operating margin +€29,661
up €29,661 (+29.6%), from €100,044 to €129,705
- Staff costs +€20,279
up €20,279 (+51.4%), from €39,446 to €59,725
- Taxes +€5,408
up €5,408 (+88.8%), from €6,092 to €11,500
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 | €236,118 | €255,469 | +€19,351 | +8.2% |
| Fixed assets | 21/28 | €122,535 | €92,237 | -€30,298 | -24.7% |
| Tangible fixed assets | 22/27 | €122,270 | €91,972 | -€30,298 | -24.8% |
| Plant, machinery and equipment | 23 | €16,637 | €7,935 | -€8,702 | -52.3% |
| Furniture and vehicles | 24 | €17,827 | €10,037 | -€7,790 | -43.7% |
| Other tangible fixed assets | 26 | €87,806 | €74,000 | -€13,806 | -15.7% |
| Financial fixed assets | 28 | €265 | €265 | = | 0.0% |
| Current assets | 29/58 | €113,583 | €163,232 | +€49,649 | +43.7% |
| Stocks and contracts in progress | 3 | €96,530 | €150,480 | +€53,950 | +55.9% |
| Stocks | 30/36 | €96,530 | €150,480 | +€53,950 | +55.9% |
| Amounts receivable within one year | 40/41 | €1,485 | €175 | -€1,310 | -88.2% |
| Trade receivables | 40 | €1,485 | €175 | -€1,310 | -88.2% |
| Cash at bank and in hand | 54/58 | €11,931 | €10,691 | -€1,240 | -10.4% |
| Deferred charges and accrued income | 490/1 | €3,637 | €1,886 | -€1,751 | -48.1% |
| Total equity and liabilities | 10/49 | €236,118 | €255,469 | +€19,351 | +8.2% |
| Equity | 10/15 | €87,111 | €108,041 | +€20,930 | +24.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | - | €20,000 | +€20,000 | |
| Non-distributable reserves | 130/1 | - | €20,000 | +€20,000 | |
| Other | 1319 | - | €20,000 | +€20,000 | |
| Profit (loss) carried forward | 14 | €82,111 | €83,041 | +€930 | +1.1% |
| Amounts payable | 17/49 | €149,007 | €147,428 | -€1,579 | -1.1% |
| Amounts payable after more than one year | 17 | €47,417 | €24,288 | -€23,129 | -48.8% |
| Financial debts | 170/4 | €47,417 | €24,288 | -€23,129 | -48.8% |
| Amounts payable within one year | 42/48 | €101,590 | €121,740 | +€20,150 | +19.8% |
| Current portion of amounts payable after more than one year | 42 | €23,694 | €24,404 | +€710 | +3.0% |
| Trade debts | 44 | €14,912 | €23,181 | +€8,269 | +55.5% |
| Suppliers | 440/4 | €14,912 | €23,181 | +€8,269 | +55.5% |
| Taxes, remuneration and social security | 45 | €12,457 | €20,580 | +€8,123 | +65.2% |
| Taxes | 450/3 | €7,667 | €12,829 | +€5,162 | +67.3% |
| Remuneration and social security | 454/9 | €4,790 | €7,751 | +€2,961 | +61.8% |
| Other amounts payable | 47/48 | €50,527 | €53,575 | +€3,048 | +6.0% |
| Accrued charges and deferred income | 492/3 | - | €1,400 | +€1,400 | |
| Remuneration, social security and pensions | 62 | €39,446 | €59,725 | +€20,279 | +51.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,745 | €30,298 | +€553 | +1.9% |
| Other operating charges | 640/8 | €1,829 | €1,735 | -€94 | -5.1% |
| Gross operating margin | 9900 | €100,044 | €129,705 | +€29,661 | +29.6% |
| Operating profit (loss) | 9901 | €29,024 | €37,947 | +€8,923 | +30.7% |
| Financial charges | 65/66B | €5,351 | €5,517 | +€166 | +3.1% |
| Recurring financial charges | 65 | €5,351 | €5,517 | +€166 | +3.1% |
| Profit (loss) for the period before taxes | 9903 | €23,673 | €32,430 | +€8,757 | +37.0% |
| Income taxes | 67/77 | €6,092 | €11,500 | +€5,408 | +88.8% |
| Profit (loss) for the period | 9904 | €17,581 | €20,930 | +€3,349 | +19.0% |
| Profit (loss) for the period to be appropriated | 9905 | €17,581 | €20,930 | +€3,349 | +19.0% |
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 21 October 2026 via checked.be.