TREFFA: 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.
TREFFA
Largest movements
- Cash +€26,762
up €26,762 (+381.0%), from €7,025 to €33,787
mainly Net result for the year (+€14,807) and Receivables within one year (+€6,522)
- Receivables within one year -€6,522
down €6,522 (-65.5%), from €9,965 to €3,443
of which Trade receivables: -€7,125
- Tangible fixed assets -€3,845
down €3,845 (-24.0%), from €16,020 to €12,175
- Profit (loss) carried forward +€14,807
up €14,807 (+217.7%), from €6,801 to €21,608
- Tax, wage and social debts +€5,848
up €5,848 (+114.0%), from €5,131 to €10,980
of which Taxes: +€5,848
- Debts after one year -€3,905
down €3,905 (-28.5%), from €13,718 to €9,813
- Trade debts -€959
down €959 (-51.2%), from €1,873 to €914
- Gross operating margin +€10,072
up €10,072 (+66.9%), from €15,045 to €25,117
- Taxes +€2,035
up €2,035 (+70.4%), from €2,892 to €4,927
- Other operating charges -€695
down €695 (-63.4%), from €1,096 to €402
- Depreciation +€641
up €641 (+20.0%), from €3,204 to €3,845
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 | €33,173 | €49,572 | +€16,398 | +49.4% |
| Fixed assets | 21/28 | €16,020 | €12,175 | -€3,845 | -24.0% |
| Tangible fixed assets | 22/27 | €16,020 | €12,175 | -€3,845 | -24.0% |
| Furniture and vehicles | 24 | €16,020 | €12,175 | -€3,845 | -24.0% |
| Current assets | 29/58 | €17,153 | €37,396 | +€20,243 | +118.0% |
| Amounts receivable within one year | 40/41 | €9,965 | €3,443 | -€6,522 | -65.5% |
| Trade receivables | 40 | €7,125 | - | -€7,125 | |
| Other amounts receivable | 41 | €2,840 | €3,443 | +€603 | +21.2% |
| Cash at bank and in hand | 54/58 | €7,025 | €33,787 | +€26,762 | +381.0% |
| Deferred charges and accrued income | 490/1 | €164 | €167 | +€3 | +2.0% |
| Total equity and liabilities | 10/49 | €33,173 | €49,572 | +€16,398 | +49.4% |
| Equity | 10/15 | €8,801 | €23,608 | +€14,807 | +168.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,801 | €21,608 | +€14,807 | +217.7% |
| Amounts payable | 17/49 | €24,372 | €25,963 | +€1,592 | +6.5% |
| Amounts payable after more than one year | 17 | €13,718 | €9,813 | -€3,905 | -28.5% |
| Financial debts | 170/4 | €13,718 | €9,813 | -€3,905 | -28.5% |
| Amounts payable within one year | 42/48 | €10,654 | €15,798 | +€5,145 | +48.3% |
| Current portion of amounts payable after more than one year | 42 | €3,650 | €3,905 | +€255 | +7.0% |
| Trade debts | 44 | €1,873 | €914 | -€959 | -51.2% |
| Suppliers | 440/4 | €1,873 | €914 | -€959 | -51.2% |
| Taxes, remuneration and social security | 45 | €5,131 | €10,980 | +€5,848 | +114.0% |
| Taxes | 450/3 | €3,631 | €9,480 | +€5,848 | +161.1% |
| Remuneration and social security | 454/9 | €1,500 | €1,500 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €352 | +€352 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,204 | €3,845 | +€641 | +20.0% |
| Other operating charges | 640/8 | €1,096 | €402 | -€695 | -63.4% |
| Gross operating margin | 9900 | €15,045 | €25,117 | +€10,072 | +66.9% |
| Operating profit (loss) | 9901 | €10,745 | €20,871 | +€10,126 | +94.2% |
| Financial income | 75/76B | €3 | €0 | -€2 | -99.2% |
| Recurring financial income | 75 | €3 | €0 | -€2 | -99.2% |
| Financial charges | 65/66B | €1,054 | €1,137 | +€83 | +7.9% |
| Recurring financial charges | 65 | €1,054 | €1,137 | +€83 | +7.9% |
| Profit (loss) for the period before taxes | 9903 | €9,693 | €19,733 | +€10,040 | +103.6% |
| Income taxes | 67/77 | €2,892 | €4,927 | +€2,035 | +70.4% |
| Profit (loss) for the period | 9904 | €6,801 | €14,807 | +€8,005 | +117.7% |
| Profit (loss) for the period to be appropriated | 9905 | €6,801 | €14,807 | +€8,005 | +117.7% |
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 6 October 2026 via checked.be.