TREDABO: 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.
TREDABO
Largest movements
- Cash +€67,522
up €67,522 (+52.5%), from €128,516 to €196,038
mainly Other debts (+€290,869) and Net result for the year (+€79,735)
- Receivables within one year -€27,293
down €27,293 (-25.5%), from €106,878 to €79,586
of which Trade receivables: -€27,856
- Other debts +€290,869
up €290,869 (+140.5%), from €207,006 to €497,875
- Reserves -€240,265
down €240,265 (-99.1%), from €242,327 to €2,061
- Debts after one year -€28,740
down €28,740 (-9.0%), from €318,444 to €289,704
- Trade debts +€16,301
up €16,301 (+269.4%), from €6,050 to €22,351
- Accrued charges and deferred income +€9,566
up €9,566 (+205.5%), from €4,654 to €14,220
- Gross operating margin -€77,092
down €77,092 (-29.5%), from €261,766 to €184,674
- Taxes -€24,856
down €24,856 (-48.4%), from €51,311 to €26,455
- Depreciation +€15,756
up €15,756 (+51.8%), from €30,438 to €46,193
- Financial charges +€14,078
up €14,078 (+81.6%), from €17,250 to €31,328
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 | €825,727 | €874,783 | +€49,055 | +5.9% |
| Fixed assets | 21/28 | €516,878 | €519,123 | +€2,246 | +0.4% |
| Tangible fixed assets | 22/27 | €516,878 | €519,123 | +€2,246 | +0.4% |
| Land and buildings | 22 | €428,723 | €443,325 | +€14,602 | +3.4% |
| Plant, machinery and equipment | 23 | €13,059 | €18,144 | +€5,085 | +38.9% |
| Furniture and vehicles | 24 | €3,850 | €2,976 | -€874 | -22.7% |
| Leasing and similar rights | 25 | €70,560 | €54,360 | -€16,200 | -23.0% |
| Other tangible fixed assets | 26 | €686 | €318 | -€368 | -53.7% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €308,850 | €355,659 | +€46,810 | +15.2% |
| Stocks and contracts in progress | 3 | €70,594 | €77,304 | +€6,710 | +9.5% |
| Stocks | 30/36 | €70,594 | €50,624 | -€19,970 | -28.3% |
| Contracts in progress | 37 | - | €26,680 | +€26,680 | |
| Amounts receivable within one year | 40/41 | €106,878 | €79,586 | -€27,293 | -25.5% |
| Trade receivables | 40 | €84,119 | €56,263 | -€27,856 | -33.1% |
| Other amounts receivable | 41 | €22,760 | €23,323 | +€563 | +2.5% |
| Cash at bank and in hand | 54/58 | €128,516 | €196,038 | +€67,522 | +52.5% |
| Deferred charges and accrued income | 490/1 | €2,862 | €2,731 | -€130 | -4.6% |
| Total equity and liabilities | 10/49 | €825,727 | €874,783 | +€49,055 | +5.9% |
| Equity | 10/15 | €260,927 | €20,661 | -€240,265 | -92.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €242,327 | €2,061 | -€240,265 | -99.1% |
| Distributable reserves | 133 | €242,327 | €2,061 | -€240,265 | -99.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €564,801 | €854,121 | +€289,321 | +51.2% |
| Amounts payable after more than one year | 17 | €318,444 | €289,704 | -€28,740 | -9.0% |
| Financial debts | 170/4 | €318,444 | €289,704 | -€28,740 | -9.0% |
| Amounts payable within one year | 42/48 | €241,703 | €550,198 | +€308,495 | +127.6% |
| Current portion of amounts payable after more than one year | 42 | €27,492 | €28,740 | +€1,249 | +4.5% |
| Trade debts | 44 | €6,050 | €22,351 | +€16,301 | +269.4% |
| Suppliers | 440/4 | €6,050 | €22,351 | +€16,301 | +269.4% |
| Taxes, remuneration and social security | 45 | €1,156 | €1,232 | +€76 | +6.6% |
| Taxes | 450/3 | €1,156 | €1,232 | +€76 | +6.6% |
| Other amounts payable | 47/48 | €207,006 | €497,875 | +€290,869 | +140.5% |
| Accrued charges and deferred income | 492/3 | €4,654 | €14,220 | +€9,566 | +205.5% |
| Non-recurring operating income | 76A | €14,118 | €4,000 | -€10,118 | -71.7% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,438 | €46,193 | +€15,756 | +51.8% |
| Other operating charges | 640/8 | €5,085 | €3,239 | -€1,845 | -36.3% |
| Gross operating margin | 9900 | €261,766 | €184,674 | -€77,092 | -29.5% |
| Operating profit (loss) | 9901 | €226,244 | €135,241 | -€91,003 | -40.2% |
| Financial income | 75/76B | €2,515 | €2,276 | -€240 | -9.5% |
| Recurring financial income | 75 | €2,515 | €2,276 | -€240 | -9.5% |
| Financial charges | 65/66B | €17,250 | €31,328 | +€14,078 | +81.6% |
| Recurring financial charges | 65 | €17,250 | €31,328 | +€14,078 | +81.6% |
| Profit (loss) for the period before taxes | 9903 | €211,509 | €106,190 | -€105,320 | -49.8% |
| Income taxes | 67/77 | €51,311 | €26,455 | -€24,856 | -48.4% |
| Profit (loss) for the period | 9904 | €160,199 | €79,735 | -€80,464 | -50.2% |
| Profit (loss) for the period to be appropriated | 9905 | €160,199 | €79,735 | -€80,464 | -50.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.