Treffi: what changed
Treffi
Largest movements
- Receivables within one year -€341,302
down €341,302 (-98.1%), from €347,913 to €6,611
of which Trade receivables: -€346,730
- Stocks and contracts -€225,867
down €225,867 (-93.4%), from €241,740 to €15,873
- Cash +€193,991
up €193,991 (+213%), from €91,111 to €285,102
mainly Receivables within one year (+€341,302) and Stocks and contracts (+€225,867)
- Intangible fixed assets +€153,758
up €153,758 (+50.0%), from €307,210 to €460,969
- Other debts -€289,960
down €289,960 (-68.8%), from €421,334 to €131,373
- Profit (loss) carried forward +€84,876
up €84,876 (+696%), from €12,202 to €97,078
- Debts after one year -€33,003
down €33,003 (-57.2%), from €57,687 to €24,684
of which Financial debts: -€33,003
- Trade debts +€23,309
up €23,309 (+459%), from €5,081 to €28,391
- Tax, wage and social debts +€19,487
up €19,487 (+214%), from €9,112 to €28,600
of which Taxes: +€22,720
- Depreciation +€80,580
up €80,580 (+199%), from €40,580 to €121,160
- Gross operating margin +€65,520
up €65,520 (+35.0%), from €187,039 to €252,559
- Taxes +€25,122
new in 2026: €25,122
- Staff costs -€18,656
down €18,656 (-70.3%), from €26,542 to €7,886
- Financial charges +€6,827
up €6,827 (+151%), from €4,523 to €11,351
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,055,395 | €843,905 | -€211,490 | -20.0% |
| Fixed assets | 21/28 | €366,765 | €533,214 | +€166,449 | +45.4% |
| Intangible fixed assets | 21 | €307,210 | €460,969 | +€153,758 | +50.0% |
| Tangible fixed assets | 22/27 | €59,555 | €68,720 | +€9,165 | +15.4% |
| Plant, machinery and equipment | 23 | €15,035 | €21,580 | +€6,545 | +43.5% |
| Furniture and vehicles | 24 | €35,031 | €38,612 | +€3,581 | +10.2% |
| Other tangible fixed assets | 26 | €9,489 | €8,528 | -€960 | -10.1% |
| Financial fixed assets | 28 | - | €3,525 | +€3,525 | |
| Current assets | 29/58 | €688,630 | €310,691 | -€377,938 | -54.9% |
| Stocks and contracts in progress | 3 | €241,740 | €15,873 | -€225,867 | -93.4% |
| Stocks | 30/36 | €241,740 | €15,873 | -€225,867 | -93.4% |
| Amounts receivable within one year | 40/41 | €347,913 | €6,611 | -€341,302 | -98.1% |
| Trade receivables | 40 | €346,730 | €0 | -€346,730 | -100% |
| Other amounts receivable | 41 | €1,183 | €6,611 | +€5,428 | +459% |
| Cash at bank and in hand | 54/58 | €91,111 | €285,102 | +€193,991 | +213% |
| Deferred charges and accrued income | 490/1 | €7,866 | €3,105 | -€4,761 | -60.5% |
| Total equity and liabilities | 10/49 | €1,055,395 | €843,905 | -€211,490 | -20.0% |
| Equity | 10/15 | €513,202 | €598,078 | +€84,876 | +16.5% |
| Contributions | 10/11 | €501,000 | €501,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,202 | €97,078 | +€84,876 | +696% |
| Amounts payable | 17/49 | €542,193 | €245,827 | -€296,365 | -54.7% |
| Amounts payable after more than one year | 17 | €57,687 | €24,684 | -€33,003 | -57.2% |
| Financial debts | 170/4 | €57,687 | €24,684 | -€33,003 | -57.2% |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €484,506 | €221,143 | -€263,363 | -54.4% |
| Current portion of amounts payable after more than one year | 42 | €48,979 | €32,780 | -€16,199 | -33.1% |
| Trade debts | 44 | €5,081 | €28,391 | +€23,309 | +459% |
| Suppliers | 440/4 | €5,081 | €28,391 | +€23,309 | +459% |
| Taxes, remuneration and social security | 45 | €9,112 | €28,600 | +€19,487 | +214% |
| Taxes | 450/3 | €2,402 | €25,122 | +€22,720 | +946% |
| Remuneration and social security | 454/9 | €6,710 | €3,478 | -€3,233 | -48.2% |
| Other amounts payable | 47/48 | €421,334 | €131,373 | -€289,960 | -68.8% |
| Remuneration, social security and pensions | 62 | €26,542 | €7,886 | -€18,656 | -70.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,580 | €121,160 | +€80,580 | +199% |
| Other operating charges | 640/8 | €2,483 | €2,165 | -€317 | -12.8% |
| Gross operating margin | 9900 | €187,039 | €252,559 | +€65,520 | +35.0% |
| Operating profit (loss) | 9901 | €117,434 | €121,348 | +€3,914 | +3.3% |
| Financial income | 75/76B | €1 | €1 | +€0 | +0.8% |
| Recurring financial income | 75 | €1 | €1 | +€0 | +0.8% |
| Financial charges | 65/66B | €4,523 | €11,351 | +€6,827 | +151% |
| Recurring financial charges | 65 | €4,523 | €11,351 | +€6,827 | +151% |
| Profit (loss) for the period before taxes | 9903 | €112,912 | €109,998 | -€2,914 | -2.6% |
| Income taxes | 67/77 | - | €25,122 | +€25,122 | |
| Profit (loss) for the period | 9904 | €112,912 | €84,876 | -€28,036 | -24.8% |
| Profit (loss) for the period to be appropriated | 9905 | €112,912 | €84,876 | -€28,036 | -24.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 30 June 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.