TREBOR IMMO: 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 IMMO
Largest movements
- Tangible fixed assets -€86,081
down €86,081 (-3.7%), from €2.4m to €2.3m
of which Land and buildings: -€86,081
- Debts after one year -€121,359
down €121,359 (-6.8%), from €1.8m to €1.7m
of which Financial debts: -€106,213
- Reserves +€41,832
up €41,832 (+180.6%), from €23,162 to €64,994
of which Distributable reserves: +€41,832
- Depreciation -€64,899
down €64,899 (-43.0%), from €150,980 to €86,081
- Financial charges -€21,009
down €21,009 (-25.2%), from €83,368 to €62,360
- Other operating charges -€15,007
down €15,007 (-41.7%), from €35,954 to €20,947
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 | €2,361,601 | €2,286,018 | -€75,583 | -3.2% |
| Fixed assets | 21/28 | €2,352,895 | €2,266,815 | -€86,081 | -3.7% |
| Tangible fixed assets | 22/27 | €2,352,895 | €2,266,815 | -€86,081 | -3.7% |
| Land and buildings | 22 | €2,238,895 | €2,152,815 | -€86,081 | -3.8% |
| Other tangible fixed assets | 26 | €114,000 | €114,000 | = | 0.0% |
| Current assets | 29/58 | €8,706 | €19,203 | +€10,498 | +120.6% |
| Amounts receivable within one year | 40/41 | €5,500 | €0 | -€5,500 | -100.0% |
| Other amounts receivable | 41 | €5,500 | €0 | -€5,500 | -100.0% |
| Cash at bank and in hand | 54/58 | €3,206 | €19,203 | +€15,998 | +499.0% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €2,361,601 | €2,286,018 | -€75,583 | -3.2% |
| Equity | 10/15 | €445,162 | €486,994 | +€41,832 | +9.4% |
| Contributions | 10/11 | €422,000 | €422,000 | = | 0.0% |
| Reserves | 13 | €23,162 | €64,994 | +€41,832 | +180.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €23,162 | €64,994 | +€41,832 | +180.6% |
| Amounts payable | 17/49 | €1,916,439 | €1,799,024 | -€117,415 | -6.1% |
| Amounts payable after more than one year | 17 | €1,788,169 | €1,666,811 | -€121,359 | -6.8% |
| Financial debts | 170/4 | €1,446,481 | €1,340,268 | -€106,213 | -7.3% |
| Other amounts payable | 178/9 | €341,689 | €326,543 | -€15,146 | -4.4% |
| Amounts payable within one year | 42/48 | €128,270 | €132,213 | +€3,943 | +3.1% |
| Current portion of amounts payable after more than one year | 42 | €102,270 | €106,213 | +€3,943 | +3.9% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €26,000 | €26,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €150,980 | €86,081 | -€64,899 | -43.0% |
| Other operating charges | 640/8 | €35,954 | €20,947 | -€15,007 | -41.7% |
| Gross operating margin | 9900 | €212,631 | €211,220 | -€1,411 | -0.7% |
| Operating profit (loss) | 9901 | €25,697 | €104,192 | +€78,495 | +305.5% |
| Financial charges | 65/66B | €83,368 | €62,360 | -€21,009 | -25.2% |
| Recurring financial charges | 65 | €83,368 | €62,360 | -€21,009 | -25.2% |
| Profit (loss) for the period before taxes | 9903 | -€57,672 | €41,832 | +€99,504 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€57,672 | €41,832 | +€99,504 | |
| Profit (loss) for the period to be appropriated | 9905 | -€57,672 | €41,832 | +€99,504 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.