TREBOR DE BACKER: 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.
TREBOR DE BACKER
Largest movements
- Tangible fixed assets -€62,057
down €62,057 (-8.0%), from €780,336 to €718,279
of which Leasing and similar rights: -€49,902
- Cash -€38,825
down €38,825 (-99.7%), from €38,948 to €123
mainly Debts after one year (-€76,497) and Trade debts (-€71,214)
- Debts after one year -€76,497
down €76,497 (-23.7%), from €322,941 to €246,444
- Trade debts -€71,214
down €71,214 (-35.3%), from €201,779 to €130,565
- Profit (loss) carried forward +€34,072
up €34,072 (+9.8%), from €348,933 to €383,005
- Tax, wage and social debts +€12,606
up €12,606 (+258%), from €4,889 to €17,495
of which Taxes: +€9,961
- Short-term financial debts +€10,269
up €10,269 (+106%), from €9,668 to €19,937
- Gross operating margin +€74,265
up €74,265 (+23.9%), from €311,057 to €385,322
- Staff costs +€24,421
up €24,421 (+14.5%), from €168,550 to €192,971
- Financial charges +€9,429
up €9,429 (+27.4%), from €34,406 to €43,835
- Taxes +€7,848
up €7,848 (+290%), from €2,705 to €10,553
- Depreciation +€5,474
up €5,474 (+7.4%), from €73,967 to €79,441
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.
Derived cash bridge
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 | €982,128 | €887,044 | -€95,084 | -9.7% |
| Fixed assets | 21/28 | €781,355 | €722,298 | -€59,057 | -7.6% |
| Tangible fixed assets | 22/27 | €780,336 | €718,279 | -€62,057 | -8.0% |
| Land and buildings | 22 | €424,160 | €414,789 | -€9,371 | -2.2% |
| Plant, machinery and equipment | 23 | €67,927 | €60,086 | -€7,841 | -11.5% |
| Furniture and vehicles | 24 | €6,349 | €11,406 | +€5,057 | +79.7% |
| Leasing and similar rights | 25 | €281,900 | €231,998 | -€49,902 | -17.7% |
| Financial fixed assets | 28 | €1,019 | €4,019 | +€3,000 | +294% |
| Current assets | 29/58 | €200,773 | €164,746 | -€36,027 | -17.9% |
| Amounts receivable within one year | 40/41 | €151,800 | €159,247 | +€7,447 | +4.9% |
| Trade receivables | 40 | €109,397 | €111,859 | +€2,462 | +2.3% |
| Other amounts receivable | 41 | €42,403 | €47,388 | +€4,985 | +11.8% |
| Cash at bank and in hand | 54/58 | €38,948 | €123 | -€38,825 | -99.7% |
| Deferred charges and accrued income | 490/1 | €10,025 | €5,376 | -€4,649 | -46.4% |
| Total equity and liabilities | 10/49 | €982,128 | €887,044 | -€95,084 | -9.7% |
| Equity | 10/15 | €356,992 | €391,064 | +€34,072 | +9.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €348,933 | €383,005 | +€34,072 | +9.8% |
| Amounts payable | 17/49 | €625,136 | €495,980 | -€129,156 | -20.7% |
| Amounts payable after more than one year | 17 | €322,941 | €246,444 | -€76,497 | -23.7% |
| Financial debts | 170/4 | €322,941 | €246,444 | -€76,497 | -23.7% |
| Amounts payable within one year | 42/48 | €302,195 | €249,536 | -€52,659 | -17.4% |
| Current portion of amounts payable after more than one year | 42 | €84,859 | €80,539 | -€4,320 | -5.1% |
| Financial debts | 43 | €9,668 | €19,937 | +€10,269 | +106% |
| Credit institutions | 430/8 | €9,668 | €19,937 | +€10,269 | +106% |
| Trade debts | 44 | €201,779 | €130,565 | -€71,214 | -35.3% |
| Suppliers | 440/4 | €201,779 | €130,565 | -€71,214 | -35.3% |
| Advances received on contracts in progress | 46 | €1,000 | €1,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €4,889 | €17,495 | +€12,606 | +258% |
| Taxes | 450/3 | €3,261 | €13,222 | +€9,961 | +305% |
| Remuneration and social security | 454/9 | €1,628 | €4,273 | +€2,645 | +162% |
| Remuneration, social security and pensions | 62 | €168,550 | €192,971 | +€24,421 | +14.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,967 | €79,441 | +€5,474 | +7.4% |
| Other operating charges | 640/8 | €9,068 | €12,452 | +€3,384 | +37.3% |
| Gross operating margin | 9900 | €311,057 | €385,322 | +€74,265 | +23.9% |
| Operating profit (loss) | 9901 | €59,472 | €100,458 | +€40,986 | +68.9% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €34,406 | €43,835 | +€9,429 | +27.4% |
| Recurring financial charges | 65 | €34,406 | €43,835 | +€9,429 | +27.4% |
| Profit (loss) for the period before taxes | 9903 | €25,066 | €56,625 | +€31,559 | +126% |
| Income taxes | 67/77 | €2,705 | €10,553 | +€7,848 | +290% |
| Profit (loss) for the period | 9904 | €22,361 | €46,072 | +€23,711 | +106% |
| Profit (loss) for the period to be appropriated | 9905 | €22,361 | €46,072 | +€23,711 | +106% |
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 21 October 2026 via checked.be.