Tredis: 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.
Tredis
Largest movements
- Cash -€11,691
down €11,691 (-24.1%), from €48,588 to €36,897
mainly Debts after one year (-€5,287) and Receivables within one year (-€3,429)
- Receivables within one year +€3,429
up €3,429 (+75.8%), from €4,521 to €7,951
of which Other amounts receivable: +€2,933
- Tangible fixed assets -€1,428
down €1,428 (-31.5%), from €4,528 to €3,100
- Debts after one year -€5,287
down €5,287 (-100.0%), from €5,288 to €0
- Reserves -€2,400
down €2,400 (-2.4%), from €99,129 to €96,729
- Profit (loss) carried forward -€1,807
down €1,807 (-42.5%), from €4,250 to €2,443
- Gross operating margin -€1,818
down €1,818, from €1,015 to -€804
- Other operating charges -€841
down €841 (-43.6%), from €1,926 to €1,085
- Financial charges -€695
down €695 (-68.8%), from €1,009 to €315
- Write-downs -€550
down €550 (-100.0%), from €550 to €0
- Financial income -€291
down €291 (-11.3%), from €2,584 to €2,292
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 | €127,638 | €117,948 | -€9,690 | -7.6% |
| Fixed assets | 21/28 | €4,528 | €3,100 | -€1,428 | -31.5% |
| Tangible fixed assets | 22/27 | €4,528 | €3,100 | -€1,428 | -31.5% |
| Furniture and vehicles | 24 | €4,528 | €3,100 | -€1,428 | -31.5% |
| Current assets | 29/58 | €123,110 | €114,848 | -€8,262 | -6.7% |
| Amounts receivable within one year | 40/41 | €4,521 | €7,951 | +€3,429 | +75.8% |
| Trade receivables | 40 | €1,557 | €2,053 | +€496 | +31.9% |
| Other amounts receivable | 41 | €2,964 | €5,897 | +€2,933 | +98.9% |
| Current investments | 50/53 | €70,000 | €70,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €48,588 | €36,897 | -€11,691 | -24.1% |
| Total equity and liabilities | 10/49 | €127,638 | €117,948 | -€9,690 | -7.6% |
| Equity | 10/15 | €121,978 | €117,771 | -€4,207 | -3.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €99,129 | €96,729 | -€2,400 | -2.4% |
| Distributable reserves | 133 | €99,129 | €96,729 | -€2,400 | -2.4% |
| Profit (loss) carried forward | 14 | €4,250 | €2,443 | -€1,807 | -42.5% |
| Amounts payable | 17/49 | €5,659 | €177 | -€5,483 | -96.9% |
| Amounts payable after more than one year | 17 | €5,288 | €0 | -€5,287 | -100.0% |
| Other amounts payable | 178/9 | €5,288 | €0 | -€5,287 | -100.0% |
| Amounts payable within one year | 42/48 | €372 | €176 | -€195 | -52.6% |
| Trade debts | 44 | €81 | €37 | -€44 | -54.0% |
| Suppliers | 440/4 | €81 | €37 | -€44 | -54.0% |
| Taxes, remuneration and social security | 45 | €290 | €139 | -€152 | -52.2% |
| Taxes | 450/3 | €290 | €139 | -€152 | -52.2% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,479 | €1,428 | -€52 | -3.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €550 | €0 | -€550 | -100.0% |
| Other operating charges | 640/8 | €1,926 | €1,085 | -€841 | -43.6% |
| Gross operating margin | 9900 | €1,015 | -€804 | -€1,818 | |
| Operating profit (loss) | 9901 | -€2,940 | -€3,316 | -€376 | -12.8% |
| Financial income | 75/76B | €2,584 | €2,292 | -€291 | -11.3% |
| Recurring financial income | 75 | €2,584 | €2,292 | -€291 | -11.3% |
| Financial charges | 65/66B | €1,009 | €315 | -€695 | -68.8% |
| Recurring financial charges | 65 | €1,009 | €315 | -€695 | -68.8% |
| Profit (loss) for the period before taxes | 9903 | -€1,366 | -€1,339 | +€27 | +2.0% |
| Income taxes | 67/77 | €452 | €468 | +€16 | +3.6% |
| Profit (loss) for the period | 9904 | -€1,818 | -€1,807 | +€11 | +0.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,818 | -€1,807 | +€11 | +0.6% |
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 8 October 2026 via checked.be.