TREBLA: 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.
What changed
TREBLA
NACE 25.999, Manufacture of fabricated metal products, except machinery and equipment
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€31,292
2024 · -€33,283+€64,575
Equity
€642,029
2024 · €610,737+€31,292
Cash
€6,161
2024 · €1,289+€4,873
Balance sheet total
€876,109
2024 · €930,868-€54,759
Largest movements
Assets
- Receivables within one year -€73,233
down €73,233 (-14.2%), from €516,771 to €443,538
of which Other amounts receivable: -€107,327
Equity and liabilities
- Trade debts -€59,815
down €59,815 (-22.1%), from €271,081 to €211,266
- Profit (loss) carried forward +€31,292
up €31,292 (+5.4%), from -€580,315 to -€549,023
- Short-term financial debts -€19,641
down €19,641 (-100.0%), from €19,641 to €0
Income statement
- Gross operating margin +€91,133
up €91,133 (+60.5%), from €150,684 to €241,817
- Staff costs +€14,921
up €14,921 (+10.9%), from €136,320 to €151,241
- Taxes +€6,423
up €6,423, from -€917 to €5,506
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.
Result 2024
-€33,283
Gross operating margin
+€91,133
Staff costs
-€14,921
Depreciation
+€216
Other operating charges
+€2,004
Other operating items
-€6,668
Financial income
+€151
Financial charges
-€917
Taxes
-€6,423
Result 2025
€31,292
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.
From operations
+€40,183
Investment
-€15,669
Financing
-€19,641
Cash 2024
€1,289
From operations (derived)
+€40,183
Net result for the year
+€31,292
Depreciation
+€9,704
Stocks and contracts
-€7,472
Receivables within one year
+€73,233
Deferred charges and accrued income
-€163
Trade debts
-€59,815
Tax, wage and social debts
+€1,904
Other debts
-€8,500
Investment (derived)
-€15,669
Investment in fixed assets (net)
-€15,669
Financing
-€19,641
Short-term financial debts
-€19,641
Cash 2025
€6,161
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €930,868 | €876,109 | -€54,759 | -5.9% |
| Fixed assets | 21/28 | €201,242 | €207,207 | +€5,965 | +3.0% |
| Tangible fixed assets | 22/27 | €122,779 | €128,744 | +€5,965 | +4.9% |
| Land and buildings | 22 | €90,034 | €87,461 | -€2,573 | -2.9% |
| Furniture and vehicles | 24 | €32,744 | €31,283 | -€1,461 | -4.5% |
| Assets under construction and advance payments | 27 | - | €10,000 | +€10,000 | |
| Financial fixed assets | 28 | €78,463 | €78,463 | = | 0.0% |
| Current assets | 29/58 | €729,626 | €668,902 | -€60,724 | -8.3% |
| Stocks and contracts in progress | 3 | €211,567 | €219,038 | +€7,472 | +3.5% |
| Stocks | 30/36 | €211,567 | €219,038 | +€7,472 | +3.5% |
| Amounts receivable within one year | 40/41 | €516,771 | €443,538 | -€73,233 | -14.2% |
| Trade receivables | 40 | €182,986 | €217,081 | +€34,095 | +18.6% |
| Other amounts receivable | 41 | €333,784 | €226,457 | -€107,327 | -32.2% |
| Cash at bank and in hand | 54/58 | €1,289 | €6,161 | +€4,873 | +378.2% |
| Deferred charges and accrued income | 490/1 | €0 | €163 | +€163 | |
| Total equity and liabilities | 10/49 | €930,868 | €876,109 | -€54,759 | -5.9% |
| Equity | 10/15 | €610,737 | €642,029 | +€31,292 | +5.1% |
| Contributions | 10/11 | €1,045,000 | €1,045,000 | = | 0.0% |
| Capital | 10 | €1,045,000 | €1,045,000 | = | 0.0% |
| Issued capital | 100 | €1,045,000 | €1,045,000 | = | 0.0% |
| Reserves | 13 | €146,052 | €146,052 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,950 | €10,950 | = | 0.0% |
| Legal reserve | 130 | €10,950 | €10,950 | = | 0.0% |
| Distributable reserves | 133 | €135,102 | €135,102 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€580,315 | -€549,023 | +€31,292 | +5.4% |
| Amounts payable | 17/49 | €320,131 | €234,080 | -€86,051 | -26.9% |
| Amounts payable within one year | 42/48 | €320,131 | €234,080 | -€86,051 | -26.9% |
| Financial debts | 43 | €19,641 | €0 | -€19,641 | -100.0% |
| Credit institutions | 430/8 | €19,641 | €0 | -€19,641 | -100.0% |
| Trade debts | 44 | €271,081 | €211,266 | -€59,815 | -22.1% |
| Suppliers | 440/4 | €271,081 | €211,266 | -€59,815 | -22.1% |
| Taxes, remuneration and social security | 45 | €14,166 | €16,070 | +€1,904 | +13.4% |
| Taxes | 450/3 | - | €506 | +€506 | |
| Remuneration and social security | 454/9 | €14,166 | €15,563 | +€1,398 | +9.9% |
| Other amounts payable | 47/48 | €15,244 | €6,744 | -€8,500 | -55.8% |
| Non-recurring operating income | 76A | €16,981 | €0 | -€16,981 | -100.0% |
| Remuneration, social security and pensions | 62 | €136,320 | €151,241 | +€14,921 | +10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,920 | €9,704 | -€216 | -2.2% |
| Other operating charges | 640/8 | €17,487 | €15,483 | -€2,004 | -11.5% |
| Non-recurring operating charges | 66A | €0 | €6,668 | +€6,668 | |
| Gross operating margin | 9900 | €150,684 | €241,817 | +€91,133 | +60.5% |
| Operating profit (loss) | 9901 | -€13,043 | €58,721 | +€71,764 | |
| Financial income | 75/76B | €188 | €339 | +€151 | +80.2% |
| Recurring financial income | 75 | €188 | €339 | +€151 | +80.2% |
| Financial charges | 65/66B | €21,345 | €22,261 | +€917 | +4.3% |
| Recurring financial charges | 65 | €21,345 | €22,261 | +€917 | +4.3% |
| Profit (loss) for the period before taxes | 9903 | -€34,200 | €36,799 | +€70,998 | |
| Income taxes | 67/77 | -€917 | €5,506 | +€6,423 | |
| Profit (loss) for the period | 9904 | -€33,283 | €31,292 | +€64,575 | |
| Profit (loss) for the period to be appropriated | 9905 | -€33,283 | €31,292 | +€64,575 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.