Trecodis: 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.
What changed
Trecodis
NACE 46.180, Agents specialised in the wholesale of other particular products
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
-€6,217
2023 · €741-€6,957
Equity
€337,642
2023 · €343,859-€6,217
Cash
€14,626
2023 · €41,079-€26,453
Balance sheet total
€1.2m
2023 · €1.3m-€96,653
Largest movements
Assets
- Tangible fixed assets -€61,547
down €61,547 (-6.2%), from €991,331 to €929,785
of which Land and buildings: -€65,109
- Cash -€26,453
down €26,453 (-64.4%), from €41,079 to €14,626
mainly Debts after one year (-€49,718) and Trade debts (-€27,456)
- Intangible fixed assets -€15,000
down €15,000 (-50.0%), from €30,000 to €15,000
Equity and liabilities
- Debts after one year -€49,718
down €49,718 (-7.1%), from €697,233 to €647,515
- Trade debts -€27,456
down €27,456 (-59.2%), from €46,408 to €18,952
Income statement
- Depreciation +€9,819
up €9,819 (+12.7%), from €77,227 to €87,047
- Staff costs +€7,327
up €7,327 (+8.4%), from €87,116 to €94,442
- Financial charges -€4,840
down €4,840 (-14.0%), from €34,614 to €29,774
of which Non-recurring financial charges: -€12,857
- Gross operating margin +€4,395
up €4,395 (+2.1%), from €207,664 to €212,058
- Taxes -€3,106
down €3,106 (-46.3%), from €6,702 to €3,595
From the 2023 result to the 2024 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 2023
€741
Gross operating margin
+€4,395
Staff costs
-€7,327
Depreciation
-€9,819
Other operating charges
-€2,132
Financial income
-€21
Financial charges
+€4,840
Taxes
+€3,106
Result 2024
-€6,217
raises the resultlowers the result
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€25,458
Investment
-€10,500
Financing
-€41,411
Cash 2023
€41,079
From operations (derived)
+€25,458
Net result for the year
-€6,217
Depreciation
+€87,047
Stocks and contracts
+€3,858
Receivables within one year
-€11,049
Deferred charges and accrued income
+€844
Provisions
-€5,393
Trade debts
-€27,456
Tax, wage and social debts
-€10,241
Other debts
-€11,256
Accrued charges and deferred income
+€5,321
Investment (derived)
-€10,500
Investment in fixed assets (net)
-€10,500
Financing
-€41,411
Debts after one year
-€49,718
Current portion of long-term debt
+€8,307
Cash 2024
€14,626
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,250,265 | €1,153,612 | -€96,653 | -7.7% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €1,021,431 | €944,884 | -€76,547 | -7.5% |
| Intangible fixed assets | 21 | €30,000 | €15,000 | -€15,000 | -50.0% |
| Tangible fixed assets | 22/27 | €991,331 | €929,785 | -€61,547 | -6.2% |
| Land and buildings | 22 | €970,142 | €905,032 | -€65,109 | -6.7% |
| Plant, machinery and equipment | 23 | €10,964 | €13,317 | +€2,353 | +21.5% |
| Furniture and vehicles | 24 | €10,225 | €11,435 | +€1,210 | +11.8% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €228,834 | €208,727 | -€20,107 | -8.8% |
| Stocks and contracts in progress | 3 | €159,263 | €155,405 | -€3,858 | -2.4% |
| Stocks | 30/36 | €159,263 | €155,405 | -€3,858 | -2.4% |
| Amounts receivable within one year | 40/41 | €23,664 | €34,713 | +€11,049 | +46.7% |
| Trade receivables | 40 | €23,664 | €34,713 | +€11,049 | +46.7% |
| Other amounts receivable | 41 | €0 | €0 | = | |
| Cash at bank and in hand | 54/58 | €41,079 | €14,626 | -€26,453 | -64.4% |
| Deferred charges and accrued income | 490/1 | €4,827 | €3,983 | -€844 | -17.5% |
| Total equity and liabilities | 10/49 | €1,250,265 | €1,153,612 | -€96,653 | -7.7% |
| Equity | 10/15 | €343,859 | €337,642 | -€6,217 | -1.8% |
| Contributions | 10/11 | €59,000 | €59,000 | = | 0.0% |
| Reserves | 13 | €136,839 | €126,366 | -€10,473 | -7.7% |
| Non-distributable reserves | 130/1 | €3,069 | €3,069 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,069 | €3,069 | = | 0.0% |
| Tax-exempt reserves | 132 | €133,770 | €123,297 | -€10,473 | -7.8% |
| Profit (loss) carried forward | 14 | €148,020 | €152,276 | +€4,256 | +2.9% |
| Provisions and deferred taxes | 16 | €64,721 | €59,328 | -€5,393 | -8.3% |
| Deferred taxes | 168 | €64,721 | €59,328 | -€5,393 | -8.3% |
| Amounts payable | 17/49 | €841,685 | €756,642 | -€85,043 | -10.1% |
| Amounts payable after more than one year | 17 | €697,233 | €647,515 | -€49,718 | -7.1% |
| Financial debts | 170/4 | €697,233 | €647,515 | -€49,718 | -7.1% |
| Amounts payable within one year | 42/48 | €144,452 | €103,805 | -€40,646 | -28.1% |
| Current portion of amounts payable after more than one year | 42 | €39,579 | €47,886 | +€8,307 | +21.0% |
| Trade debts | 44 | €46,408 | €18,952 | -€27,456 | -59.2% |
| Suppliers | 440/4 | €46,408 | €18,952 | -€27,456 | -59.2% |
| Taxes, remuneration and social security | 45 | €40,142 | €29,901 | -€10,241 | -25.5% |
| Taxes | 450/3 | €30,493 | €24,013 | -€6,480 | -21.3% |
| Remuneration and social security | 454/9 | €9,649 | €5,888 | -€3,760 | -39.0% |
| Other amounts payable | 47/48 | €18,323 | €7,067 | -€11,256 | -61.4% |
| Accrued charges and deferred income | 492/3 | - | €5,321 | +€5,321 | |
| Turnover | 70 | €0 | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | €0 | = | |
| Remuneration, social security and pensions | 62 | €87,116 | €94,442 | +€7,327 | +8.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77,227 | €87,047 | +€9,819 | +12.7% |
| Other operating charges | 640/8 | €6,778 | €8,910 | +€2,132 | +31.4% |
| Operating charges capitalised as restructuring costs | 649 | - | €0 | = | |
| Gross operating margin | 9900 | €207,664 | €212,058 | +€4,395 | +2.1% |
| Operating profit (loss) | 9901 | €36,543 | €21,660 | -€14,883 | -40.7% |
| Financial income | 75/76B | €120 | €99 | -€21 | -17.2% |
| Recurring financial income | 75 | €120 | €99 | -€21 | -17.2% |
| Financial charges | 65/66B | €34,614 | €29,774 | -€4,840 | -14.0% |
| Recurring financial charges | 65 | €21,757 | €29,774 | +€8,017 | +36.8% |
| Non-recurring financial charges | 66B | €12,857 | - | -€12,857 | |
| Profit (loss) for the period before taxes | 9903 | €2,049 | -€8,015 | -€10,064 | |
| Transfer from deferred taxes | 780 | €5,393 | €5,393 | = | 0.0% |
| Income taxes | 67/77 | €6,702 | €3,595 | -€3,106 | -46.3% |
| Profit (loss) for the period | 9904 | €741 | -€6,217 | -€6,957 | |
| Transfer from tax-exempt reserves | 789 | €10,473 | €10,473 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €11,214 | €4,256 | -€6,957 | -62.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.