Trebo: 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.
Trebo
Largest movements
- Cash +€23,464
up €23,464 (+35.2%), from €66,658 to €90,122
mainly Net result for the year (+€38,523) and Tax, wage and social debts (+€7,818)
- Receivables within one year +€12,678
up €12,678 (+47.5%), from €26,715 to €39,392
of which Trade receivables: +€16,536
- Reserves +€38,523
up €38,523 (+61.0%), from €63,127 to €101,650
of which Distributable reserves: +€38,523
- Trade debts -€10,994
down €10,994 (-83.1%), from €13,231 to €2,238
- Tax, wage and social debts +€7,818
up €7,818 (+820.0%), from €953 to €8,771
- Gross operating margin +€59,058
up €59,058, from -€2,534 to €56,524
- Taxes +€16,731
new in 2025: €16,731
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 | €96,153 | €131,499 | +€35,347 | +36.8% |
| Fixed assets | 21/28 | €2,780 | €1,985 | -€795 | -28.6% |
| Tangible fixed assets | 22/27 | €2,780 | €1,985 | -€795 | -28.6% |
| Plant, machinery and equipment | 23 | €2,780 | €1,985 | -€795 | -28.6% |
| Current assets | 29/58 | €93,373 | €129,514 | +€36,142 | +38.7% |
| Amounts receivable within one year | 40/41 | €26,715 | €39,392 | +€12,678 | +47.5% |
| Trade receivables | 40 | €21,730 | €38,266 | +€16,536 | +76.1% |
| Other amounts receivable | 41 | €4,985 | €1,127 | -€3,858 | -77.4% |
| Cash at bank and in hand | 54/58 | €66,658 | €90,122 | +€23,464 | +35.2% |
| Total equity and liabilities | 10/49 | €96,153 | €131,499 | +€35,347 | +36.8% |
| Equity | 10/15 | €81,727 | €120,250 | +€38,523 | +47.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €63,127 | €101,650 | +€38,523 | +61.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €61,267 | €99,790 | +€38,523 | +62.9% |
| Amounts payable | 17/49 | €14,425 | €11,249 | -€3,176 | -22.0% |
| Amounts payable within one year | 42/48 | €14,425 | €11,249 | -€3,176 | -22.0% |
| Trade debts | 44 | €13,231 | €2,238 | -€10,994 | -83.1% |
| Suppliers | 440/4 | €13,231 | €2,238 | -€10,994 | -83.1% |
| Taxes, remuneration and social security | 45 | €953 | €8,771 | +€7,818 | +820.0% |
| Taxes | 450/3 | €953 | €8,771 | +€7,818 | +820.0% |
| Other amounts payable | 47/48 | €240 | €240 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €795 | €795 | = | 0.0% |
| Other operating charges | 640/8 | €635 | €400 | -€235 | -37.0% |
| Gross operating margin | 9900 | -€2,534 | €56,524 | +€59,058 | |
| Operating profit (loss) | 9901 | -€3,963 | €55,330 | +€59,293 | |
| Financial income | 75/76B | €205 | €157 | -€48 | -23.5% |
| Recurring financial income | 75 | €205 | €157 | -€48 | -23.5% |
| Financial charges | 65/66B | €233 | €233 | +€1 | +0.3% |
| Recurring financial charges | 65 | €233 | €233 | +€1 | +0.3% |
| Profit (loss) for the period before taxes | 9903 | -€3,991 | €55,253 | +€59,244 | |
| Income taxes | 67/77 | - | €16,731 | +€16,731 | |
| Profit (loss) for the period | 9904 | -€3,991 | €38,523 | +€42,513 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,991 | €38,523 | +€42,513 |
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 5 October 2026 via checked.be.