TREAVO: 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.
TREAVO
Largest movements
- Receivables within one year +€48,344
up €48,344 (+78.1%), from €61,871 to €110,215
of which Other amounts receivable: +€28,450
- Cash -€22,285
down €22,285 (-49.6%), from €44,945 to €22,660
mainly Other debts (-€55,526) and Receivables within one year (-€48,344)
- Tangible fixed assets -€7,801
down €7,801 (-25.8%), from €30,228 to €22,427
of which Furniture and vehicles: -€7,304
- Profit (loss) carried forward +€74,976
up €74,976 (+947.6%), from €7,912 to €82,888
- Other debts -€55,526
down €55,526 (-55.5%), from €100,000 to €44,474
- Trade debts -€2,322
down €2,322 (-86.0%), from €2,701 to €378
- Gross operating margin +€30,912
up €30,912 (+37.7%), from €82,036 to €112,947
- Taxes +€9,771
up €9,771 (+49.1%), from €19,898 to €29,669
- Financial charges +€1,156
up €1,156 (+2751.9%), from €42 to €1,198
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 | €137,751 | €155,615 | +€17,864 | +13.0% |
| Fixed assets | 21/28 | €30,228 | €22,427 | -€7,801 | -25.8% |
| Tangible fixed assets | 22/27 | €30,228 | €22,427 | -€7,801 | -25.8% |
| Plant, machinery and equipment | 23 | €693 | €196 | -€497 | -71.7% |
| Furniture and vehicles | 24 | €29,535 | €22,231 | -€7,304 | -24.7% |
| Current assets | 29/58 | €107,523 | €133,187 | +€25,665 | +23.9% |
| Amounts receivable within one year | 40/41 | €61,871 | €110,215 | +€48,344 | +78.1% |
| Trade receivables | 40 | €10,364 | €30,258 | +€19,894 | +192.0% |
| Other amounts receivable | 41 | €51,507 | €79,957 | +€28,450 | +55.2% |
| Cash at bank and in hand | 54/58 | €44,945 | €22,660 | -€22,285 | -49.6% |
| Deferred charges and accrued income | 490/1 | €707 | €313 | -€394 | -55.8% |
| Total equity and liabilities | 10/49 | €137,751 | €155,615 | +€17,864 | +13.0% |
| Equity | 10/15 | €21,352 | €96,328 | +€74,976 | +351.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,040 | €1,040 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,040 | €1,040 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,040 | €1,040 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,912 | €82,888 | +€74,976 | +947.6% |
| Amounts payable | 17/49 | €116,399 | €59,286 | -€57,113 | -49.1% |
| Amounts payable within one year | 42/48 | €115,149 | €57,786 | -€57,363 | -49.8% |
| Trade debts | 44 | €2,701 | €378 | -€2,322 | -86.0% |
| Suppliers | 440/4 | €2,701 | €378 | -€2,322 | -86.0% |
| Taxes, remuneration and social security | 45 | €12,448 | €12,934 | +€485 | +3.9% |
| Taxes | 450/3 | €12,448 | €12,934 | +€485 | +3.9% |
| Other amounts payable | 47/48 | €100,000 | €44,474 | -€55,526 | -55.5% |
| Accrued charges and deferred income | 492/3 | €1,250 | €1,500 | +€250 | +20.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,527 | €7,801 | +€273 | +3.6% |
| Other operating charges | 640/8 | €770 | €1,047 | +€278 | +36.1% |
| Non-recurring operating charges | 66A | €1,323 | €0 | -€1,323 | -100.0% |
| Gross operating margin | 9900 | €82,036 | €112,947 | +€30,912 | +37.7% |
| Operating profit (loss) | 9901 | €72,416 | €104,099 | +€31,684 | +43.8% |
| Financial income | 75/76B | €746 | €1,744 | +€997 | +133.6% |
| Recurring financial income | 75 | €746 | €1,744 | +€997 | +133.6% |
| Financial charges | 65/66B | €42 | €1,198 | +€1,156 | +2751.9% |
| Recurring financial charges | 65 | €42 | €1,198 | +€1,156 | +2751.9% |
| Profit (loss) for the period before taxes | 9903 | €73,120 | €104,645 | +€31,525 | +43.1% |
| Income taxes | 67/77 | €19,898 | €29,669 | +€9,771 | +49.1% |
| Profit (loss) for the period | 9904 | €53,222 | €74,976 | +€21,754 | +40.9% |
| Profit (loss) for the period to be appropriated | 9905 | €53,222 | €74,976 | +€21,754 | +40.9% |
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 12 October 2026 via checked.be.