TreasurFin: 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.
TreasurFin
Largest movements
- Cash +€122,072
up €122,072 (+70.2%), from €173,862 to €295,934
mainly Net result for the year (+€99,009) and Tax, wage and social debts (+€33,358)
- Receivables within one year +€9,919
up €9,919 (+24.3%), from €40,756 to €50,675
of which Trade receivables: +€9,919
- Reserves +€99,009
up €99,009 (+56.8%), from €174,320 to €273,329
of which Distributable reserves: +€67,434
- Tax, wage and social debts +€33,358
up €33,358 (+84.6%), from €39,421 to €72,780
- Gross operating margin +€14,196
up €14,196 (+11.5%), from €123,133 to €137,329
- Taxes +€10,416
up €10,416 (+39.4%), from €26,420 to €36,836
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 | €219,543 | €350,068 | +€130,526 | +59.5% |
| Fixed assets | 21/28 | €3,258 | €1,757 | -€1,502 | -46.1% |
| Tangible fixed assets | 22/27 | €3,258 | €1,757 | -€1,502 | -46.1% |
| Plant, machinery and equipment | 23 | €3,258 | €1,757 | -€1,502 | -46.1% |
| Current assets | 29/58 | €216,284 | €348,311 | +€132,027 | +61.0% |
| Amounts receivable within one year | 40/41 | €40,756 | €50,675 | +€9,919 | +24.3% |
| Trade receivables | 40 | €40,756 | €50,675 | +€9,919 | +24.3% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €173,862 | €295,934 | +€122,072 | +70.2% |
| Deferred charges and accrued income | 490/1 | €1,666 | €1,703 | +€37 | +2.2% |
| Total equity and liabilities | 10/49 | €219,543 | €350,068 | +€130,526 | +59.5% |
| Equity | 10/15 | €177,320 | €276,329 | +€99,009 | +55.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €174,320 | €273,329 | +€99,009 | +56.8% |
| Tax-exempt reserves | 132 | - | €31,575 | +€31,575 | |
| Distributable reserves | 133 | €174,320 | €241,754 | +€67,434 | +38.7% |
| Amounts payable | 17/49 | €42,222 | €73,739 | +€31,517 | +74.6% |
| Amounts payable within one year | 42/48 | €42,222 | €73,739 | +€31,517 | +74.6% |
| Trade debts | 44 | €2,773 | €932 | -€1,841 | -66.4% |
| Suppliers | 440/4 | €2,773 | €932 | -€1,841 | -66.4% |
| Taxes, remuneration and social security | 45 | €39,421 | €72,780 | +€33,358 | +84.6% |
| Taxes | 450/3 | €39,421 | €72,780 | +€33,358 | +84.6% |
| Other amounts payable | 47/48 | €28 | €28 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €867 | €1,502 | +€635 | +73.2% |
| Other operating charges | 640/8 | €64 | €66 | +€2 | +3.0% |
| Gross operating margin | 9900 | €123,133 | €137,329 | +€14,196 | +11.5% |
| Operating profit (loss) | 9901 | €122,202 | €135,762 | +€13,560 | +11.1% |
| Financial income | 75/76B | €589 | €1,358 | +€769 | +130% |
| Recurring financial income | 75 | €589 | €1,358 | +€769 | +130% |
| Financial charges | 65/66B | €1,550 | €1,275 | -€276 | -17.8% |
| Recurring financial charges | 65 | €1,550 | €1,275 | -€276 | -17.8% |
| Profit (loss) for the period before taxes | 9903 | €121,241 | €135,845 | +€14,604 | +12.0% |
| Income taxes | 67/77 | €26,420 | €36,836 | +€10,416 | +39.4% |
| Profit (loss) for the period | 9904 | €94,821 | €99,009 | +€4,188 | +4.4% |
| Transfer to tax-exempt reserves | 689 | - | €31,575 | +€31,575 | |
| Profit (loss) for the period to be appropriated | 9905 | €94,821 | €67,434 | -€27,387 | -28.9% |
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.