TREBOR 2000: 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.
What changed
TREBOR 2000
NACE 82.300, Organisation of conventions and trade shows
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€7,482
2024 · €424+€7,058
Equity
€501,751
2024 · €495,933+€5,817
Cash
€35,518
2024 · €87,789-€52,271
Balance sheet total
€5.9m
2024 · €6.1m-€212,984
Largest movements
Assets
- Receivables within one year -€116,936
down €116,936 (-4.5%), from €2.6m to €2.5m
of which Other amounts receivable: -€187,705
Equity and liabilities
- Tax, wage and social debts -€170,888
down €170,888 (-81.6%), from €209,297 to €38,410
of which Taxes: -€162,443
Income statement
- Gross operating margin -€280,547
down €280,547, from €269,446 to -€11,101
- Other operating charges -€179,167
no longer reported in 2025 (was €179,167)
- Depreciation -€14,416
down €14,416 (-24.8%), from €58,188 to €43,772
- Financial income +€8,360
up €8,360 (+477.7%), from €1,750 to €10,110
- Financial charges +€6,871
up €6,871 (+22.4%), from €30,622 to €37,493
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
€424
Gross operating margin
-€280,547
Staff costs
+€42
Depreciation
+€14,416
Other operating charges
+€179,167
Other operating items
+€99,218
Financial income
+€8,360
Financial charges
-€6,871
Taxes
-€6,727
Result 2025
€7,482
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
-€28,816
Investment
€0
Financing
-€23,455
Cash 2024
€87,789
From operations (derived)
-€28,816
Net result for the year
+€7,482
Depreciation
+€43,772
Receivables within one year
+€116,936
Deferred charges and accrued income
+€5
Provisions
-€2,089
Trade debts
-€24,035
Tax, wage and social debts
-€170,888
Financing
-€23,455
Debts after one year
-€21,244
Current portion of long-term debt
-€546
Contributions, distributions and other
-€1,665
Cash 2025
€35,518
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,130,295 | €5,917,311 | -€212,984 | -3.5% |
| Fixed assets | 21/28 | €3,450,194 | €3,406,423 | -€43,772 | -1.3% |
| Tangible fixed assets | 22/27 | €1,061,378 | €1,017,607 | -€43,772 | -4.1% |
| Land and buildings | 22 | €1,056,586 | €1,016,349 | -€40,237 | -3.8% |
| Plant, machinery and equipment | 23 | €2,817 | €1,257 | -€1,560 | -55.4% |
| Furniture and vehicles | 24 | €1,975 | - | -€1,975 | |
| Financial fixed assets | 28 | €2,388,816 | €2,388,816 | = | 0.0% |
| Current assets | 29/58 | €2,680,100 | €2,510,888 | -€169,212 | -6.3% |
| Amounts receivable within one year | 40/41 | €2,588,134 | €2,471,198 | -€116,936 | -4.5% |
| Trade receivables | 40 | €1,461,993 | €1,532,762 | +€70,769 | +4.8% |
| Other amounts receivable | 41 | €1,126,141 | €938,436 | -€187,705 | -16.7% |
| Cash at bank and in hand | 54/58 | €87,789 | €35,518 | -€52,271 | -59.5% |
| Deferred charges and accrued income | 490/1 | €4,177 | €4,172 | -€5 | -0.1% |
| Total equity and liabilities | 10/49 | €6,130,295 | €5,917,311 | -€212,984 | -3.5% |
| Equity | 10/15 | €495,933 | €501,751 | +€5,817 | +1.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Revaluation surpluses | 12 | €270,000 | €270,000 | = | 0.0% |
| Reserves | 13 | €164,599 | €178,837 | +€14,239 | +8.7% |
| Tax-exempt reserves | 132 | €164,599 | €160,542 | -€4,057 | -2.5% |
| Distributable reserves | 133 | - | €18,295 | +€18,295 | |
| Profit (loss) carried forward | 14 | €6,756 | - | -€6,756 | |
| Investment grants | 15 | €35,986 | €34,321 | -€1,665 | -4.6% |
| Provisions and deferred taxes | 16 | €84,757 | €82,668 | -€2,089 | -2.5% |
| Deferred taxes | 168 | €84,757 | €82,668 | -€2,089 | -2.5% |
| Amounts payable | 17/49 | €5,549,605 | €5,332,892 | -€216,713 | -3.9% |
| Amounts payable after more than one year | 17 | €2,710,096 | €2,688,852 | -€21,244 | -0.8% |
| Financial debts | 170/4 | €596,280 | €575,036 | -€21,244 | -3.6% |
| Other amounts payable | 178/9 | €2,113,816 | €2,113,816 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,839,509 | €2,644,040 | -€195,468 | -6.9% |
| Current portion of amounts payable after more than one year | 42 | €78,019 | €77,473 | -€546 | -0.7% |
| Trade debts | 44 | €2,552,192 | €2,528,157 | -€24,035 | -0.9% |
| Suppliers | 440/4 | €2,552,192 | €2,528,157 | -€24,035 | -0.9% |
| Taxes, remuneration and social security | 45 | €209,297 | €38,410 | -€170,888 | -81.6% |
| Taxes | 450/3 | €200,853 | €38,410 | -€162,443 | -80.9% |
| Remuneration and social security | 454/9 | €8,445 | - | -€8,445 | |
| Remuneration, social security and pensions | 62 | €42 | - | -€42 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,188 | €43,772 | -€14,416 | -24.8% |
| Other operating charges | 640/8 | €179,167 | - | -€179,167 | |
| Operating charges capitalised as restructuring costs | 649 | - | -€99,218 | -€99,218 | |
| Gross operating margin | 9900 | €269,446 | -€11,101 | -€280,547 | |
| Operating profit (loss) | 9901 | €32,049 | €44,346 | +€12,296 | +38.4% |
| Financial income | 75/76B | €1,750 | €10,110 | +€8,360 | +477.7% |
| Recurring financial income | 75 | €1,750 | €10,110 | +€8,360 | +477.7% |
| Financial charges | 65/66B | €30,622 | €37,493 | +€6,871 | +22.4% |
| Recurring financial charges | 65 | €30,622 | €37,493 | +€6,871 | +22.4% |
| Profit (loss) for the period before taxes | 9903 | €3,177 | €16,963 | +€13,785 | +433.8% |
| Transfer from deferred taxes | 780 | €2,089 | €2,089 | = | 0.0% |
| Income taxes | 67/77 | €4,842 | €11,569 | +€6,727 | +138.9% |
| Profit (loss) for the period | 9904 | €424 | €7,482 | +€7,058 | +1662.8% |
| Transfer from tax-exempt reserves | 789 | €4,057 | €4,057 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €4,481 | €11,539 | +€7,058 | +157.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.