TREDI: 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.
TREDI
Largest movements
- Tangible fixed assets -€4,891
down €4,891 (-76.9%), from €6,359 to €1,468
of which Furniture and vehicles: -€4,443
- Receivables within one year -€1,482
no longer reported in 2025 (was €1,482)
- Cash -€300
down €300 (-2.7%), from €11,222 to €10,922
mainly Debts after one year (-€9,871)
- Debts after one year -€9,871
down €9,871 (-11.8%), from €83,616 to €73,745
- Profit (loss) carried forward +€2,760
up €2,760 (+3.3%), from -€84,230 to -€81,469
- Tax, wage and social debts +€356
up €356 (+54.9%), from €648 to €1,003
- Gross operating margin -€6,294
down €6,294 (-57.6%), from €10,918 to €4,624
- Depreciation -€2,009
down €2,009 (-65.0%), from €3,091 to €1,082
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 | €19,064 | €12,390 | -€6,673 | -35.0% |
| Fixed assets | 21/28 | €6,359 | €1,468 | -€4,891 | -76.9% |
| Tangible fixed assets | 22/27 | €6,359 | €1,468 | -€4,891 | -76.9% |
| Plant, machinery and equipment | 23 | €652 | €204 | -€448 | -68.8% |
| Furniture and vehicles | 24 | €5,707 | €1,265 | -€4,443 | -77.8% |
| Current assets | 29/58 | €12,704 | €10,922 | -€1,782 | -14.0% |
| Amounts receivable within one year | 40/41 | €1,482 | - | -€1,482 | |
| Trade receivables | 40 | €1,482 | - | -€1,482 | |
| Cash at bank and in hand | 54/58 | €11,222 | €10,922 | -€300 | -2.7% |
| Total equity and liabilities | 10/49 | €19,064 | €12,390 | -€6,673 | -35.0% |
| Equity | 10/15 | -€65,230 | -€62,469 | +€2,760 | +4.2% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€84,230 | -€81,469 | +€2,760 | +3.3% |
| Amounts payable | 17/49 | €84,294 | €74,860 | -€9,434 | -11.2% |
| Amounts payable after more than one year | 17 | €83,616 | €73,745 | -€9,871 | -11.8% |
| Other amounts payable | 178/9 | €83,616 | €73,745 | -€9,871 | -11.8% |
| Amounts payable within one year | 42/48 | €678 | €1,115 | +€437 | +64.4% |
| Trade debts | 44 | €30 | €112 | +€81 | +267.3% |
| Suppliers | 440/4 | €30 | €112 | +€81 | +267.3% |
| Taxes, remuneration and social security | 45 | €648 | €1,003 | +€356 | +54.9% |
| Taxes | 450/3 | €648 | €1,003 | +€356 | +54.9% |
| Non-recurring operating income | 76A | - | €1,418 | +€1,418 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,091 | €1,082 | -€2,009 | -65.0% |
| Other operating charges | 640/8 | €747 | €740 | -€7 | -1.0% |
| Gross operating margin | 9900 | €10,918 | €4,624 | -€6,294 | -57.6% |
| Operating profit (loss) | 9901 | €7,080 | €2,802 | -€4,278 | -60.4% |
| Financial charges | 65/66B | €42 | €42 | = | 0.0% |
| Recurring financial charges | 65 | €42 | €42 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €7,038 | €2,760 | -€4,278 | -60.8% |
| Profit (loss) for the period | 9904 | €7,038 | €2,760 | -€4,278 | -60.8% |
| Profit (loss) for the period to be appropriated | 9905 | €7,038 | €2,760 | -€4,278 | -60.8% |
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 2 October 2026 via checked.be.