TREBORA: 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.
What changed
TREBORA
NACE 68.310, Real estate agency activities
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€89,370
2024 · €78,937+€10,434
Equity
€415,551
2024 · €326,181+€89,370
Cash
€211,132
2024 · €172,569+€38,563
Balance sheet total
€4.7m
2024 · €4.9m-€129,786
Largest movements
Assets
- Tangible fixed assets -€183,226
down €183,226 (-4.3%), from €4.3m to €4.1m
of which Land and buildings: -€146,293
Equity and liabilities
- Other debts -€201,224
down €201,224 (-4.6%), from €4.4m to €4.2m
- Profit (loss) carried forward +€110,391
up €110,391 (+14.4%), from -€767,022 to -€656,630
Income statement
- Gross operating margin +€34,536
up €34,536 (+8.1%), from €428,537 to €463,072
- Depreciation +€9,136
up €9,136 (+3.6%), from €255,857 to €264,992
- Other operating charges +€6,003
up €6,003 (+13.9%), from €43,314 to €49,317
- Staff costs +€5,997
up €5,997 (+26.6%), from €22,577 to €28,574
- Taxes +€4,660
up €4,660 (+13.6%), from €34,281 to €38,941
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
€78,937
Gross operating margin
+€34,536
Staff costs
-€5,997
Depreciation
-€9,136
Other operating charges
-€6,003
Financial income
+€1,598
Financial charges
+€96
Taxes
-€4,660
Result 2025
€89,370
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
+€146,121
Investment
-€107,558
Financing
€0
Cash 2024
€172,569
From operations (derived)
+€146,121
Net result for the year
+€89,370
Depreciation
+€264,992
Receivables within one year
+€11,810
Deferred charges and accrued income
-€896
Provisions
-€7,007
Trade debts
+€5,505
Tax, wage and social debts
+€10,717
Advances received
-€27,147
Other debts
-€201,224
Investment (derived)
-€107,558
Investment in fixed assets (net)
-€107,558
Cash 2025
€211,132
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,850,498 | €4,720,713 | -€129,786 | -2.7% |
| Fixed assets | 21/28 | €4,305,201 | €4,147,767 | -€157,434 | -3.7% |
| Intangible fixed assets | 21 | €2,069 | €27,861 | +€25,792 | +1246.3% |
| Tangible fixed assets | 22/27 | €4,303,132 | €4,119,905 | -€183,226 | -4.3% |
| Land and buildings | 22 | €3,283,066 | €3,136,773 | -€146,293 | -4.5% |
| Plant, machinery and equipment | 23 | €993,210 | €955,791 | -€37,419 | -3.8% |
| Furniture and vehicles | 24 | €26,856 | €27,342 | +€486 | +1.8% |
| Current assets | 29/58 | €545,297 | €572,946 | +€27,649 | +5.1% |
| Amounts receivable within one year | 40/41 | €359,125 | €347,315 | -€11,810 | -3.3% |
| Trade receivables | 40 | €35,726 | €23,344 | -€12,382 | -34.7% |
| Other amounts receivable | 41 | €323,399 | €323,971 | +€572 | +0.2% |
| Cash at bank and in hand | 54/58 | €172,569 | €211,132 | +€38,563 | +22.3% |
| Deferred charges and accrued income | 490/1 | €13,603 | €14,500 | +€896 | +6.6% |
| Total equity and liabilities | 10/49 | €4,850,498 | €4,720,713 | -€129,786 | -2.7% |
| Equity | 10/15 | €326,181 | €415,551 | +€89,370 | +27.4% |
| Contributions | 10/11 | €969,000 | €969,000 | = | 0.0% |
| Capital | 10 | €969,000 | €969,000 | = | 0.0% |
| Issued capital | 100 | €969,000 | €969,000 | = | 0.0% |
| Reserves | 13 | €124,202 | €103,181 | -€21,021 | -16.9% |
| Non-distributable reserves | 130/1 | €382 | €382 | = | 0.0% |
| Legal reserve | 130 | €382 | €382 | = | 0.0% |
| Tax-exempt reserves | 132 | €123,821 | €102,800 | -€21,021 | -17.0% |
| Profit (loss) carried forward | 14 | -€767,022 | -€656,630 | +€110,391 | +14.4% |
| Provisions and deferred taxes | 16 | €41,274 | €34,267 | -€7,007 | -17.0% |
| Deferred taxes | 168 | €41,274 | €34,267 | -€7,007 | -17.0% |
| Amounts payable | 17/49 | €4,483,044 | €4,270,895 | -€212,149 | -4.7% |
| Amounts payable within one year | 42/48 | €4,483,044 | €4,270,895 | -€212,149 | -4.7% |
| Trade debts | 44 | €21,777 | €27,281 | +€5,505 | +25.3% |
| Suppliers | 440/4 | €21,777 | €27,281 | +€5,505 | +25.3% |
| Advances received on contracts in progress | 46 | €46,978 | €19,831 | -€27,147 | -57.8% |
| Taxes, remuneration and social security | 45 | €17,489 | €28,206 | +€10,717 | +61.3% |
| Taxes | 450/3 | €14,892 | €25,245 | +€10,353 | +69.5% |
| Remuneration and social security | 454/9 | €2,597 | €2,961 | +€364 | +14.0% |
| Other amounts payable | 47/48 | €4,396,801 | €4,195,578 | -€201,224 | -4.6% |
| Remuneration, social security and pensions | 62 | €22,577 | €28,574 | +€5,997 | +26.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €255,857 | €264,992 | +€9,136 | +3.6% |
| Other operating charges | 640/8 | €43,314 | €49,317 | +€6,003 | +13.9% |
| Gross operating margin | 9900 | €428,537 | €463,072 | +€34,536 | +8.1% |
| Operating profit (loss) | 9901 | €106,789 | €120,189 | +€13,400 | +12.5% |
| Financial income | 75/76B | €10 | €1,608 | +€1,598 | +15726.5% |
| Recurring financial income | 75 | €10 | €1,608 | +€1,598 | +15726.5% |
| Financial charges | 65/66B | €588 | €493 | -€96 | -16.2% |
| Recurring financial charges | 65 | €588 | €493 | -€96 | -16.2% |
| Profit (loss) for the period before taxes | 9903 | €106,211 | €121,304 | +€15,093 | +14.2% |
| Transfer from deferred taxes | 780 | €7,007 | €7,007 | = | 0.0% |
| Income taxes | 67/77 | €34,281 | €38,941 | +€4,660 | +13.6% |
| Profit (loss) for the period | 9904 | €78,937 | €89,370 | +€10,434 | +13.2% |
| Transfer from tax-exempt reserves | 789 | €21,021 | €21,021 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €99,958 | €110,391 | +€10,434 | +10.4% |
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 3 October 2026 via checked.be.