TREAMERA: 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.
TREAMERA
Largest movements
- Cash +€6,554
up €6,554 (+3.4%), from €190,080 to €196,635
mainly Net result for the year (+€50,030) and Depreciation (+€2,319)
- Tangible fixed assets -€2,319
down €2,319 (-42.5%), from €5,457 to €3,138
of which Other tangible fixed assets: -€1,696
- Reserves +€45,630
up €45,630 (+28.5%), from €160,295 to €205,925
of which Distributable reserves: +€45,630
- Contributions -€42,000
down €42,000 (-95.5%), from €44,000 to €2,000
- Gross operating margin +€2,264
up €2,264 (+3.2%), from €70,906 to €73,170
- Taxes +€1,761
up €1,761 (+9.7%), from €18,219 to €19,980
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 | €216,641 | €221,482 | +€4,841 | +2.2% |
| Fixed assets | 21/28 | €5,457 | €3,138 | -€2,319 | -42.5% |
| Tangible fixed assets | 22/27 | €5,457 | €3,138 | -€2,319 | -42.5% |
| Furniture and vehicles | 24 | €793 | €169 | -€624 | -78.6% |
| Other tangible fixed assets | 26 | €4,664 | €2,969 | -€1,696 | -36.4% |
| Current assets | 29/58 | €211,184 | €218,344 | +€7,161 | +3.4% |
| Stocks and contracts in progress | 3 | €3,728 | €4,041 | +€313 | +8.4% |
| Stocks | 30/36 | €3,728 | €4,041 | +€313 | +8.4% |
| Amounts receivable within one year | 40/41 | €15,911 | €16,044 | +€133 | +0.8% |
| Trade receivables | 40 | €13,832 | €13,965 | +€132 | +1.0% |
| Other amounts receivable | 41 | €2,079 | €2,080 | +€1 | 0.0% |
| Cash at bank and in hand | 54/58 | €190,080 | €196,635 | +€6,554 | +3.4% |
| Deferred charges and accrued income | 490/1 | €1,465 | €1,624 | +€159 | +10.9% |
| Total equity and liabilities | 10/49 | €216,641 | €221,482 | +€4,841 | +2.2% |
| Equity | 10/15 | €204,295 | €207,925 | +€3,630 | +1.8% |
| Contributions | 10/11 | €44,000 | €2,000 | -€42,000 | -95.5% |
| Reserves | 13 | €160,295 | €205,925 | +€45,630 | +28.5% |
| Tax-exempt reserves | 132 | €21,050 | €21,050 | = | 0.0% |
| Distributable reserves | 133 | €139,245 | €184,875 | +€45,630 | +32.8% |
| Amounts payable | 17/49 | €12,346 | €13,557 | +€1,211 | +9.8% |
| Amounts payable within one year | 42/48 | €12,346 | €13,557 | +€1,211 | +9.8% |
| Trade debts | 44 | €1,597 | €1,710 | +€112 | +7.0% |
| Suppliers | 440/4 | €1,597 | €1,710 | +€112 | +7.0% |
| Taxes, remuneration and social security | 45 | €10,748 | €11,847 | +€1,099 | +10.2% |
| Taxes | 450/3 | €10,748 | €11,847 | +€1,099 | +10.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,826 | €2,319 | -€506 | -17.9% |
| Other operating charges | 640/8 | €985 | €1,016 | +€31 | +3.1% |
| Gross operating margin | 9900 | €70,906 | €73,170 | +€2,264 | +3.2% |
| Operating profit (loss) | 9901 | €67,096 | €69,835 | +€2,739 | +4.1% |
| Financial income | 75/76B | €992 | €306 | -€686 | -69.1% |
| Recurring financial income | 75 | €992 | €306 | -€686 | -69.1% |
| Financial charges | 65/66B | €119 | €131 | +€12 | +10.2% |
| Recurring financial charges | 65 | €119 | €131 | +€12 | +10.2% |
| Profit (loss) for the period before taxes | 9903 | €67,969 | €70,010 | +€2,041 | +3.0% |
| Income taxes | 67/77 | €18,219 | €19,980 | +€1,761 | +9.7% |
| Profit (loss) for the period | 9904 | €49,750 | €50,030 | +€280 | +0.6% |
| Transfer to tax-exempt reserves | 689 | €21,050 | - | -€21,050 | |
| Profit (loss) for the period to be appropriated | 9905 | €28,700 | €50,030 | +€21,330 | +74.3% |
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 15 October 2026 via checked.be.