TREFFER: 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.
TREFFER
Largest movements
- Stocks and contracts +€19,108
up €19,108 (+32.8%), from €58,230 to €77,338
- Cash -€10,397
down €10,397 (-6.8%), from €152,757 to €142,359
mainly Stocks and contracts (-€19,108) and Net result for the year (-€9,487)
- Tangible fixed assets -€9,359
down €9,359 (-23.0%), from €40,655 to €31,296
of which Furniture and vehicles: -€7,905
- Profit (loss) carried forward -€9,487
down €9,487 (-18.9%), from €50,120 to €40,633
- Tax, wage and social debts +€6,340
up €6,340 (+116.6%), from €5,436 to €11,776
of which Taxes: +€4,696
- Trade debts +€4,583
up €4,583 (+125.4%), from €3,654 to €8,237
- Other debts -€3,923
down €3,923 (-3.4%), from €116,255 to €112,332
- Gross operating margin +€11,919
up €11,919, from -€2,193 to €9,726
- Write-downs +€5,635
up €5,635 (+125.2%), from €4,501 to €10,136
- Depreciation +€3,388
up €3,388 (+56.7%), from €5,971 to €9,359
- Financial charges -€1,026
down €1,026 (-58.4%), from €1,757 to €731
- Taxes +€1,006
up €1,006 (+103.3%), from €974 to €1,980
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 | €259,704 | €257,217 | -€2,486 | -1.0% |
| Fixed assets | 21/28 | €43,947 | €34,588 | -€9,359 | -21.3% |
| Tangible fixed assets | 22/27 | €40,655 | €31,296 | -€9,359 | -23.0% |
| Plant, machinery and equipment | 23 | €996 | €750 | -€246 | -24.7% |
| Furniture and vehicles | 24 | €34,756 | €26,851 | -€7,905 | -22.7% |
| Other tangible fixed assets | 26 | €4,903 | €3,695 | -€1,208 | -24.6% |
| Financial fixed assets | 28 | €3,292 | €3,292 | = | 0.0% |
| Current assets | 29/58 | €215,757 | €222,629 | +€6,872 | +3.2% |
| Stocks and contracts in progress | 3 | €58,230 | €77,338 | +€19,108 | +32.8% |
| Stocks | 30/36 | €58,230 | €77,338 | +€19,108 | +32.8% |
| Amounts receivable within one year | 40/41 | €2,443 | €2,789 | +€346 | +14.2% |
| Trade receivables | 40 | €2,443 | €2,789 | +€346 | +14.2% |
| Cash at bank and in hand | 54/58 | €152,757 | €142,359 | -€10,397 | -6.8% |
| Deferred charges and accrued income | 490/1 | €2,327 | €143 | -€2,185 | -93.9% |
| Total equity and liabilities | 10/49 | €259,704 | €257,217 | -€2,486 | -1.0% |
| Equity | 10/15 | €110,662 | €101,175 | -€9,487 | -8.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €41,950 | €41,950 | = | 0.0% |
| Distributable reserves | 133 | €41,950 | €41,950 | = | 0.0% |
| Profit (loss) carried forward | 14 | €50,120 | €40,633 | -€9,487 | -18.9% |
| Provisions and deferred taxes | 16 | €21,577 | €21,577 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €21,577 | €21,577 | = | 0.0% |
| Pensions and similar obligations | 160 | €21,577 | €21,577 | = | 0.0% |
| Amounts payable | 17/49 | €127,465 | €134,465 | +€7,000 | +5.5% |
| Amounts payable within one year | 42/48 | €127,465 | €134,465 | +€7,000 | +5.5% |
| Trade debts | 44 | €3,654 | €8,237 | +€4,583 | +125.4% |
| Suppliers | 440/4 | €3,654 | €8,237 | +€4,583 | +125.4% |
| Advances received on contracts in progress | 46 | €2,120 | €2,120 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €5,436 | €11,776 | +€6,340 | +116.6% |
| Taxes | 450/3 | €5,436 | €10,132 | +€4,696 | +86.4% |
| Remuneration and social security | 454/9 | €0 | €1,644 | +€1,644 | |
| Other amounts payable | 47/48 | €116,255 | €112,332 | -€3,923 | -3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,971 | €9,359 | +€3,388 | +56.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,501 | €10,136 | +€5,635 | +125.2% |
| Other operating charges | 640/8 | €1,481 | €1,423 | -€58 | -3.9% |
| Gross operating margin | 9900 | -€2,193 | €9,726 | +€11,919 | |
| Operating profit (loss) | 9901 | -€14,146 | -€11,192 | +€2,954 | +20.9% |
| Financial income | 75/76B | €3,943 | €4,416 | +€473 | +12.0% |
| Recurring financial income | 75 | €3,943 | €4,416 | +€473 | +12.0% |
| Financial charges | 65/66B | €1,757 | €731 | -€1,026 | -58.4% |
| Recurring financial charges | 65 | €1,757 | €731 | -€1,026 | -58.4% |
| Profit (loss) for the period before taxes | 9903 | -€11,960 | -€7,507 | +€4,453 | +37.2% |
| Income taxes | 67/77 | €974 | €1,980 | +€1,006 | +103.3% |
| Profit (loss) for the period | 9904 | -€12,934 | -€9,487 | +€3,447 | +26.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,934 | -€9,487 | +€3,447 | +26.7% |
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 30 September 2026 via checked.be.