TRE FONTANE: 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.
TRE FONTANE
Largest movements
- Tangible fixed assets -€8,830
down €8,830 (-24.5%), from €36,100 to €27,270
of which Plant, machinery and equipment: -€6,420
- Cash +€3,379
up €3,379 (+191.4%), from €1,766 to €5,145
mainly Net result for the year (+€13,606) and Depreciation (+€9,078)
- Other debts -€14,568
down €14,568 (-95.8%), from €15,211 to €643
- Profit (loss) carried forward +€13,606
up €13,606 (+81.1%), from -€16,769 to -€3,163
- Debts after one year -€4,491
down €4,491 (-16.1%), from €27,921 to €23,430
- Trade debts -€936
down €936 (-24.5%), from €3,818 to €2,882
- Tax, wage and social debts +€691
up €691 (+45.0%), from €1,535 to €2,226
of which Taxes: +€1,114
- Gross operating margin +€18,856
up €18,856 (+90.4%), from €20,860 to €39,716
- Staff costs -€15,461
down €15,461 (-59.1%), from €26,171 to €10,710
- Other operating charges +€3,665
up €3,665 (+1266.1%), from €290 to €3,955
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €38,876 | €33,509 | -€5,367 | -13.8% |
| Fixed assets | 21/28 | €36,100 | €27,270 | -€8,830 | -24.5% |
| Tangible fixed assets | 22/27 | €36,100 | €27,270 | -€8,830 | -24.5% |
| Plant, machinery and equipment | 23 | €25,000 | €18,580 | -€6,420 | -25.7% |
| Furniture and vehicles | 24 | €4,400 | €3,530 | -€870 | -19.8% |
| Other tangible fixed assets | 26 | €6,700 | €5,160 | -€1,540 | -23.0% |
| Current assets | 29/58 | €2,776 | €6,239 | +€3,463 | +124.7% |
| Stocks and contracts in progress | 3 | €1,010 | €1,093 | +€83 | +8.2% |
| Stocks | 30/36 | €1,010 | €1,093 | +€83 | +8.2% |
| Cash at bank and in hand | 54/58 | €1,766 | €5,145 | +€3,379 | +191.4% |
| Total equity and liabilities | 10/49 | €38,876 | €33,509 | -€5,367 | -13.8% |
| Equity | 10/15 | -€14,669 | -€1,063 | +€13,606 | +92.8% |
| Contributions | 10/11 | €2,100 | €2,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,769 | -€3,163 | +€13,606 | +81.1% |
| Amounts payable | 17/49 | €53,545 | €34,572 | -€18,974 | -35.4% |
| Amounts payable after more than one year | 17 | €27,921 | €23,430 | -€4,491 | -16.1% |
| Financial debts | 170/4 | €27,921 | €23,430 | -€4,491 | -16.1% |
| Amounts payable within one year | 42/48 | €24,724 | €10,242 | -€14,482 | -58.6% |
| Current portion of amounts payable after more than one year | 42 | €4,161 | €4,491 | +€331 | +7.9% |
| Trade debts | 44 | €3,818 | €2,882 | -€936 | -24.5% |
| Suppliers | 440/4 | €3,818 | €2,882 | -€936 | -24.5% |
| Taxes, remuneration and social security | 45 | €1,535 | €2,226 | +€691 | +45.0% |
| Taxes | 450/3 | €345 | €1,460 | +€1,114 | +322.7% |
| Remuneration and social security | 454/9 | €1,190 | €766 | -€423 | -35.6% |
| Other amounts payable | 47/48 | €15,211 | €643 | -€14,568 | -95.8% |
| Accrued charges and deferred income | 492/3 | €900 | €900 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €26,171 | €10,710 | -€15,461 | -59.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,219 | €9,078 | -€141 | -1.5% |
| Other operating charges | 640/8 | €290 | €3,955 | +€3,665 | +1266.1% |
| Gross operating margin | 9900 | €20,860 | €39,716 | +€18,856 | +90.4% |
| Operating profit (loss) | 9901 | -€14,819 | €15,973 | +€30,792 | |
| Financial income | 75/76B | €20 | €0 | -€20 | -100.0% |
| Recurring financial income | 75 | €20 | €0 | -€20 | -100.0% |
| Financial charges | 65/66B | €1,970 | €2,367 | +€396 | +20.1% |
| Recurring financial charges | 65 | €1,970 | €2,367 | +€396 | +20.1% |
| Profit (loss) for the period before taxes | 9903 | -€16,769 | €13,606 | +€30,376 | |
| Profit (loss) for the period | 9904 | -€16,769 | €13,606 | +€30,376 | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,769 | €13,606 | +€30,376 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.