TREBOL ENGINEERING: 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.
TREBOL ENGINEERING
Largest movements
- Intangible fixed assets -€53,640
down €53,640 (-48.6%), from €110,423 to €56,784
- Tangible fixed assets -€45,075
down €45,075 (-7.3%), from €618,529 to €573,454
of which Land and buildings: -€31,435
- Receivables within one year -€12,687
down €12,687 (-29.9%), from €42,409 to €29,722
of which Trade receivables: -€10,390
- Reserves -€67,537
down €67,537 (-22.5%), from €300,825 to €233,288
- Debts after one year -€28,129
down €28,129 (-7.6%), from €370,062 to €341,933
- Tax, wage and social debts -€15,522
down €15,522 (-53.9%), from €28,781 to €13,259
of which Remuneration and social security: -€8,133
- Other debts +€10,521
up €10,521 (+11.3%), from €93,379 to €103,900
- Gross operating margin -€43,832
down €43,832 (-49.1%), from €89,349 to €45,517
- Financial income -€13,417
down €13,417 (-100.0%), from €13,417 to €0
of which Non-recurring financial income: -€13,000
- Depreciation -€4,314
down €4,314 (-4.2%), from €103,029 to €98,715
- Staff costs -€4,165
down €4,165 (-100.0%), from €4,165 to €0
- Financial charges -€1,897
down €1,897 (-15.3%), from €12,383 to €10,486
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €850,818 | €743,997 | -€106,820 | -12.6% |
| Fixed assets | 21/28 | €728,952 | €630,237 | -€98,715 | -13.5% |
| Intangible fixed assets | 21 | €110,423 | €56,784 | -€53,640 | -48.6% |
| Tangible fixed assets | 22/27 | €618,529 | €573,454 | -€45,075 | -7.3% |
| Land and buildings | 22 | €577,275 | €545,840 | -€31,435 | -5.4% |
| Plant, machinery and equipment | 23 | €37,503 | €25,421 | -€12,082 | -32.2% |
| Furniture and vehicles | 24 | €3,751 | €2,192 | -€1,558 | -41.5% |
| Current assets | 29/58 | €121,865 | €113,760 | -€8,105 | -6.7% |
| Amounts receivable within one year | 40/41 | €42,409 | €29,722 | -€12,687 | -29.9% |
| Trade receivables | 40 | €39,360 | €28,970 | -€10,390 | -26.4% |
| Other amounts receivable | 41 | €3,049 | €752 | -€2,298 | -75.3% |
| Cash at bank and in hand | 54/58 | €79,456 | €84,038 | +€4,582 | +5.8% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €850,818 | €743,997 | -€106,820 | -12.6% |
| Equity | 10/15 | €319,425 | €251,888 | -€67,537 | -21.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €300,825 | €233,288 | -€67,537 | -22.5% |
| Distributable reserves | 133 | €300,825 | €233,288 | -€67,537 | -22.5% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €531,392 | €492,109 | -€39,283 | -7.4% |
| Amounts payable after more than one year | 17 | €370,062 | €341,933 | -€28,129 | -7.6% |
| Financial debts | 170/4 | €370,062 | €341,933 | -€28,129 | -7.6% |
| Amounts payable within one year | 42/48 | €152,557 | €146,193 | -€6,363 | -4.2% |
| Current portion of amounts payable after more than one year | 42 | €27,803 | €28,129 | +€326 | +1.2% |
| Trade debts | 44 | €2,594 | €905 | -€1,688 | -65.1% |
| Suppliers | 440/4 | €2,594 | €905 | -€1,688 | -65.1% |
| Taxes, remuneration and social security | 45 | €28,781 | €13,259 | -€15,522 | -53.9% |
| Taxes | 450/3 | €20,649 | €13,259 | -€7,389 | -35.8% |
| Remuneration and social security | 454/9 | €8,133 | €0 | -€8,133 | -100.0% |
| Other amounts payable | 47/48 | €93,379 | €103,900 | +€10,521 | +11.3% |
| Accrued charges and deferred income | 492/3 | €8,774 | €3,983 | -€4,791 | -54.6% |
| Remuneration, social security and pensions | 62 | €4,165 | €0 | -€4,165 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €103,029 | €98,715 | -€4,314 | -4.2% |
| Other operating charges | 640/8 | €3,983 | €3,713 | -€271 | -6.8% |
| Gross operating margin | 9900 | €89,349 | €45,517 | -€43,832 | -49.1% |
| Operating profit (loss) | 9901 | -€21,829 | -€56,911 | -€35,081 | -160.7% |
| Financial income | 75/76B | €13,417 | €0 | -€13,417 | -100.0% |
| Recurring financial income | 75 | €417 | €0 | -€417 | -100.0% |
| Non-recurring financial income | 76B | €13,000 | €0 | -€13,000 | -100.0% |
| Financial charges | 65/66B | €12,383 | €10,486 | -€1,897 | -15.3% |
| Recurring financial charges | 65 | €12,383 | €10,486 | -€1,897 | -15.3% |
| Profit (loss) for the period before taxes | 9903 | -€20,795 | -€67,396 | -€46,602 | -224.1% |
| Income taxes | 67/77 | €153 | €141 | -€13 | -8.2% |
| Profit (loss) for the period | 9904 | -€20,948 | -€67,537 | -€46,589 | -222.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,948 | -€67,537 | -€46,589 | -222.4% |
Source: filed annual accounts (NBB), fiscal years ended 1 January 2025 and 1 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.