TREBOR FISC: 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 FISC
Largest movements
- Cash -€27,754
down €27,754 (-61.2%), from €45,378 to €17,623
mainly Receivables within one year (-€27,645) and Tax, wage and social debts (-€11,799)
- Receivables within one year +€27,645
up €27,645 (+67.1%), from €41,208 to €68,852
- Tangible fixed assets -€5,235
down €5,235 (-12.7%), from €41,275 to €36,040
of which Other tangible fixed assets: -€4,538
- Tax, wage and social debts -€11,799
down €11,799 (-36.3%), from €32,483 to €20,684
- Profit (loss) carried forward +€10,618
up €10,618 (+18.4%), from €57,798 to €68,415
- Debts after one year -€6,492
down €6,492 (-23.4%), from €27,790 to €21,299
- Trade debts +€2,274
up €2,274 (+1,029%), from €221 to €2,494
- Gross operating margin -€13,092
down €13,092 (-34.8%), from €37,617 to €24,525
- Taxes -€4,214
down €4,214 (-48.0%), from €8,776 to €4,561
- Financial charges +€2,120
up €2,120 (+71.5%), from €2,965 to €5,085
- Depreciation +€1,257
up €1,257 (+31.6%), from €3,978 to €5,235
- Financial income +€569
up €569 (+47.1%), from €1,209 to €1,778
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 | €127,860 | €122,515 | -€5,345 | -4.2% |
| Fixed assets | 21/28 | €41,275 | €36,040 | -€5,235 | -12.7% |
| Tangible fixed assets | 22/27 | €41,275 | €36,040 | -€5,235 | -12.7% |
| Furniture and vehicles | 24 | €1,547 | €850 | -€697 | -45.1% |
| Other tangible fixed assets | 26 | €39,728 | €35,190 | -€4,538 | -11.4% |
| Current assets | 29/58 | €86,586 | €86,476 | -€110 | -0.1% |
| Amounts receivable within one year | 40/41 | €41,208 | €68,852 | +€27,645 | +67.1% |
| Other amounts receivable | 41 | €41,208 | €68,852 | +€27,645 | +67.1% |
| Cash at bank and in hand | 54/58 | €45,378 | €17,623 | -€27,754 | -61.2% |
| Total equity and liabilities | 10/49 | €127,860 | €122,515 | -€5,345 | -4.2% |
| Equity | 10/15 | €59,798 | €70,415 | +€10,618 | +17.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €57,798 | €68,415 | +€10,618 | +18.4% |
| Amounts payable | 17/49 | €68,063 | €52,100 | -€15,962 | -23.5% |
| Amounts payable after more than one year | 17 | €27,790 | €21,299 | -€6,492 | -23.4% |
| Financial debts | 170/4 | €27,790 | €21,299 | -€6,492 | -23.4% |
| Amounts payable within one year | 42/48 | €39,971 | €30,801 | -€9,170 | -22.9% |
| Current portion of amounts payable after more than one year | 42 | €6,210 | €6,492 | +€282 | +4.5% |
| Financial debts | 43 | €1,058 | €1,131 | +€74 | +7.0% |
| Credit institutions | 430/8 | €1,058 | €1,131 | +€74 | +7.0% |
| Trade debts | 44 | €221 | €2,494 | +€2,274 | +1,029% |
| Suppliers | 440/4 | €221 | €2,494 | +€2,274 | +1,029% |
| Taxes, remuneration and social security | 45 | €32,483 | €20,684 | -€11,799 | -36.3% |
| Taxes | 450/3 | €32,483 | €20,684 | -€11,799 | -36.3% |
| Accrued charges and deferred income | 492/3 | €301 | - | -€301 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,978 | €5,235 | +€1,257 | +31.6% |
| Other operating charges | 640/8 | €994 | €804 | -€190 | -19.1% |
| Gross operating margin | 9900 | €37,617 | €24,525 | -€13,092 | -34.8% |
| Operating profit (loss) | 9901 | €32,645 | €18,486 | -€14,159 | -43.4% |
| Financial income | 75/76B | €1,209 | €1,778 | +€569 | +47.1% |
| Recurring financial income | 75 | €1,209 | €1,778 | +€569 | +47.1% |
| Financial charges | 65/66B | €2,965 | €5,085 | +€2,120 | +71.5% |
| Recurring financial charges | 65 | €2,965 | €5,085 | +€2,120 | +71.5% |
| Profit (loss) for the period before taxes | 9903 | €30,889 | €15,179 | -€15,710 | -50.9% |
| Income taxes | 67/77 | €8,776 | €4,561 | -€4,214 | -48.0% |
| Profit (loss) for the period | 9904 | €22,113 | €10,618 | -€11,495 | -52.0% |
| Profit (loss) for the period to be appropriated | 9905 | €22,113 | €10,618 | -€11,495 | -52.0% |
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.