TREBIS: 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.
TREBIS
Largest movements
- Cash +€2.6m
up €2.6m (+4,165%), from €62,472 to €2.7m
mainly Receivables within one year (+€1.9m) and Other debts (+€967,794)
- Receivables within one year -€1.9m
down €1.9m (-97.9%), from €2.0m to €41,501
of which Other amounts receivable: -€1.9m
- Current investments +€571,776
new in 2025: €571,776
- Tangible fixed assets +€48,021
up €48,021 (+814%), from €5,902 to €53,923
of which Furniture and vehicles: +€50,426
- Other debts +€967,794
up €967,794 (+1,674%), from €57,797 to €1.0m
- Reserves +€320,739
up €320,739 (+16.3%), from €2.0m to €2.3m
of which Non-distributable reserves: +€320,739
- Gross operating margin +€28,614
up €28,614 (+7.4%), from €385,169 to €413,783
- Financial income +€12,531
up €12,531 (+25.0%), from €50,062 to €62,592
- Taxes +€11,081
up €11,081 (+8.4%), from €132,562 to €143,643
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 | €2,096,417 | €3,394,100 | +€1.3m | +61.9% |
| Fixed assets | 21/28 | €5,902 | €53,923 | +€48,021 | +814% |
| Tangible fixed assets | 22/27 | €5,902 | €53,923 | +€48,021 | +814% |
| Furniture and vehicles | 24 | €1,091 | €51,517 | +€50,426 | +4,622% |
| Other tangible fixed assets | 26 | €4,811 | €2,406 | -€2,406 | -50.0% |
| Current assets | 29/58 | €2,090,515 | €3,340,177 | +€1.2m | +59.8% |
| Amounts receivable within one year | 40/41 | €1,977,647 | €41,501 | -€1.9m | -97.9% |
| Trade receivables | 40 | €40,197 | €41,501 | +€1,303 | +3.2% |
| Other amounts receivable | 41 | €1,937,449 | - | -€1.9m | |
| Current investments | 50/53 | - | €571,776 | +€571,776 | |
| Cash at bank and in hand | 54/58 | €62,472 | €2,664,308 | +€2.6m | +4,165% |
| Deferred charges and accrued income | 490/1 | €50,397 | €62,592 | +€12,195 | +24.2% |
| Total equity and liabilities | 10/49 | €2,096,417 | €3,394,100 | +€1.3m | +61.9% |
| Equity | 10/15 | €1,979,762 | €2,300,501 | +€320,739 | +16.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,973,562 | €2,294,301 | +€320,739 | +16.3% |
| Non-distributable reserves | 130/1 | €1,973,028 | €2,293,767 | +€320,739 | +16.3% |
| Other | 1319 | €1,973,028 | €2,293,767 | +€320,739 | +16.3% |
| Tax-exempt reserves | 132 | €535 | €535 | = | 0.0% |
| Amounts payable | 17/49 | €116,655 | €1,093,598 | +€976,943 | +837% |
| Amounts payable within one year | 42/48 | €111,778 | €1,088,342 | +€976,564 | +874% |
| Trade debts | 44 | €1,545 | €3,137 | +€1,593 | +103% |
| Suppliers | 440/4 | €1,545 | €3,137 | +€1,593 | +103% |
| Taxes, remuneration and social security | 45 | €52,436 | €59,613 | +€7,177 | +13.7% |
| Taxes | 450/3 | €52,436 | €59,613 | +€7,177 | +13.7% |
| Other amounts payable | 47/48 | €57,797 | €1,025,592 | +€967,794 | +1,674% |
| Accrued charges and deferred income | 492/3 | €4,877 | €5,256 | +€379 | +7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,692 | €6,294 | +€2,602 | +70.5% |
| Other operating charges | 640/8 | €1,422 | €1,134 | -€288 | -20.2% |
| Non-recurring operating charges | 66A | €117 | - | -€117 | |
| Gross operating margin | 9900 | €385,169 | €413,783 | +€28,614 | +7.4% |
| Operating profit (loss) | 9901 | €379,938 | €406,355 | +€26,417 | +7.0% |
| Financial income | 75/76B | €50,062 | €62,592 | +€12,531 | +25.0% |
| Recurring financial income | 75 | €50,062 | €62,592 | +€12,531 | +25.0% |
| Financial charges | 65/66B | €4,339 | €4,565 | +€226 | +5.2% |
| Recurring financial charges | 65 | €4,339 | €4,565 | +€226 | +5.2% |
| Profit (loss) for the period before taxes | 9903 | €425,661 | €464,383 | +€38,722 | +9.1% |
| Income taxes | 67/77 | €132,562 | €143,643 | +€11,081 | +8.4% |
| Profit (loss) for the period | 9904 | €293,099 | €320,739 | +€27,640 | +9.4% |
| Profit (loss) for the period to be appropriated | 9905 | €293,099 | €320,739 | +€27,640 | +9.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.