TREBOR: 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.
TREBOR
Largest movements
- Cash +€8,593
up €8,593 (+2.8%), from €304,490 to €313,083
mainly Trade debts (+€9,470) and Depreciation (+€5,978)
- Tangible fixed assets -€5,978
down €5,978 (-33.9%), from €17,630 to €11,652
- Profit (loss) carried forward -€11,205
down €11,205 (-5.0%), from €222,639 to €211,434
- Trade debts +€9,470
up €9,470 (+278.5%), from €3,400 to €12,870
- Financial income -€13,946
down €13,946 (-98.4%), from €14,166 to €220
of which Financial income: -€13,946
- Taxes -€11,653
no longer reported in 2025 (was €11,653)
- Financial charges -€3,158
no longer reported in 2025 (was €3,158)
of which Non-recurring financial charges: -€2,524
- Gross operating margin +€1,744
up €1,744 (+28.3%), from -€6,156 to -€4,412
- Other operating charges +€1,035
new in 2025: €1,035
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 | €360,066 | €360,063 | -€3 | 0.0% |
| Fixed assets | 21/28 | €18,294 | €12,316 | -€5,978 | -32.7% |
| Tangible fixed assets | 22/27 | €17,630 | €11,652 | -€5,978 | -33.9% |
| Plant, machinery and equipment | 23 | €17,630 | €11,652 | -€5,978 | -33.9% |
| Financial fixed assets | 28 | €664 | €664 | = | 0.0% |
| Current assets | 29/58 | €341,772 | €347,747 | +€5,975 | +1.7% |
| Amounts receivable within one year | 40/41 | €27,888 | €25,270 | -€2,618 | -9.4% |
| Trade receivables | 40 | €26,388 | €22,205 | -€4,183 | -15.9% |
| Other amounts receivable | 41 | €1,500 | €3,065 | +€1,565 | +104.3% |
| Current investments | 50/53 | €9,394 | €9,394 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €304,490 | €313,083 | +€8,593 | +2.8% |
| Total equity and liabilities | 10/49 | €360,066 | €360,063 | -€3 | 0.0% |
| Equity | 10/15 | €336,927 | €325,722 | -€11,205 | -3.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €95,688 | €95,688 | = | 0.0% |
| Non-distributable reserves | 130/1 | €86,517 | €86,517 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €84,657 | €84,657 | = | 0.0% |
| Distributable reserves | 133 | €9,171 | €9,171 | = | 0.0% |
| Profit (loss) carried forward | 14 | €222,639 | €211,434 | -€11,205 | -5.0% |
| Amounts payable | 17/49 | €23,139 | €34,341 | +€11,202 | +48.4% |
| Amounts payable within one year | 42/48 | €13,139 | €24,341 | +€11,202 | +85.3% |
| Trade debts | 44 | €3,400 | €12,870 | +€9,470 | +278.5% |
| Suppliers | 440/4 | €3,400 | €12,870 | +€9,470 | +278.5% |
| Taxes, remuneration and social security | 45 | €411 | €3,135 | +€2,724 | +662.8% |
| Taxes | 450/3 | €411 | €3,135 | +€2,724 | +662.8% |
| Other amounts payable | 47/48 | €9,328 | €8,336 | -€992 | -10.6% |
| Accrued charges and deferred income | 492/3 | €10,000 | €10,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,458 | €5,978 | -€480 | -7.4% |
| Other operating charges | 640/8 | - | €1,035 | +€1,035 | |
| Gross operating margin | 9900 | -€6,156 | -€4,412 | +€1,744 | +28.3% |
| Operating profit (loss) | 9901 | -€12,614 | -€11,425 | +€1,189 | +9.4% |
| Financial income | 75/76B | €14,166 | €220 | -€13,946 | -98.4% |
| Recurring financial income | 75 | €14,166 | €220 | -€13,946 | -98.4% |
| Non-recurring financial income | 76B | - | €220 | +€220 | |
| Financial charges | 65/66B | €3,158 | - | -€3,158 | |
| Recurring financial charges | 65 | €634 | - | -€634 | |
| Non-recurring financial charges | 66B | €2,524 | - | -€2,524 | |
| Profit (loss) for the period before taxes | 9903 | -€1,606 | -€11,205 | -€9,599 | -597.7% |
| Income taxes | 67/77 | €11,653 | - | -€11,653 | |
| Profit (loss) for the period | 9904 | -€13,259 | -€11,205 | +€2,054 | +15.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,259 | -€11,205 | +€2,054 | +15.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.