TRECO & PARTNERS: 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.
TRECO & PARTNERS
Largest movements
- Cash -€5,590
down €5,590 (-99.8%), from €5,599 to €9
mainly Net result for the year (-€29,527) and Tax, wage and social debts (-€590)
- Receivables within one year -€4,781
down €4,781 (-54.1%), from €8,841 to €4,060
of which Trade receivables: -€4,884
- Deferred charges and accrued income -€1,972
down €1,972 (-52.3%), from €3,772 to €1,800
- Tangible fixed assets -€621
no longer reported in 2025 (was €621)
- Profit (loss) carried forward -€29,527
down €29,527 (-5.9%), from -€497,357 to -€526,884
- Other debts +€13,429
up €13,429 (+4.7%), from €283,768 to €297,197
- Trade debts +€3,723
up €3,723 (+5044.1%), from €74 to €3,796
- Tax, wage and social debts -€590
no longer reported in 2025 (was €590)
- Other operating charges +€4,642
up €4,642 (+815.6%), from €569 to €5,211
- Gross operating margin -€2,593
down €2,593 (-12.3%), from -€21,088 to -€23,681
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 | €18,834 | €5,868 | -€12,966 | -68.8% |
| Fixed assets | 21/28 | €621 | - | -€621 | |
| Tangible fixed assets | 22/27 | €621 | - | -€621 | |
| Furniture and vehicles | 24 | €621 | - | -€621 | |
| Current assets | 29/58 | €18,213 | €5,868 | -€12,344 | -67.8% |
| Amounts receivable within one year | 40/41 | €8,841 | €4,060 | -€4,781 | -54.1% |
| Trade receivables | 40 | €8,841 | €3,957 | -€4,884 | -55.2% |
| Other amounts receivable | 41 | - | €103 | +€103 | |
| Cash at bank and in hand | 54/58 | €5,599 | €9 | -€5,590 | -99.8% |
| Deferred charges and accrued income | 490/1 | €3,772 | €1,800 | -€1,972 | -52.3% |
| Total equity and liabilities | 10/49 | €18,834 | €5,868 | -€12,966 | -68.8% |
| Equity | 10/15 | -€483,098 | -€512,625 | -€29,527 | -6.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Contributions outside capital | 11 | €12,400 | €12,400 | = | 0.0% |
| Other | 1109/19 | €12,400 | €12,400 | = | 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 | -€497,357 | -€526,884 | -€29,527 | -5.9% |
| Amounts payable | 17/49 | €501,932 | €518,493 | +€16,561 | +3.3% |
| Amounts payable within one year | 42/48 | €501,932 | €518,493 | +€16,561 | +3.3% |
| Financial debts | 43 | €117,500 | €117,500 | = | 0.0% |
| Other loans | 439 | €117,500 | €117,500 | = | 0.0% |
| Trade debts | 44 | €74 | €3,796 | +€3,723 | +5044.1% |
| Suppliers | 440/4 | €74 | €3,796 | +€3,723 | +5044.1% |
| Advances received on contracts in progress | 46 | €100,000 | €100,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €590 | - | -€590 | |
| Taxes | 450/3 | €590 | - | -€590 | |
| Other amounts payable | 47/48 | €283,768 | €297,197 | +€13,429 | +4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €621 | €621 | -€0 | 0.0% |
| Other operating charges | 640/8 | €569 | €5,211 | +€4,642 | +815.6% |
| Gross operating margin | 9900 | -€21,088 | -€23,681 | -€2,593 | -12.3% |
| Operating profit (loss) | 9901 | -€22,278 | -€29,513 | -€7,235 | -32.5% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €100 | €14 | -€86 | -86.3% |
| Recurring financial charges | 65 | €100 | €14 | -€86 | -86.3% |
| Profit (loss) for the period before taxes | 9903 | -€22,378 | -€29,527 | -€7,149 | -31.9% |
| Profit (loss) for the period | 9904 | -€22,378 | -€29,527 | -€7,149 | -31.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€22,378 | -€29,527 | -€7,149 | -31.9% |
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 10 October 2026 via checked.be.