TREFLASSUR: 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.
TREFLASSUR
Largest movements
- Receivables within one year +€3,015
up €3,015 (+5.8%), from €51,715 to €54,730
of which Other amounts receivable: +€3,388
- Cash +€1,154
up €1,154 (+1947.5%), from €59 to €1,213
mainly Net result for the year (+€3,936) and Other debts (+€771)
- Reserves +€3,900
up €3,900 (+89.4%), from €4,360 to €8,260
- Other debts +€771
up €771 (+16.4%), from €4,697 to €5,468
- Gross operating margin -€3,676
down €3,676 (-38.6%), from €9,529 to €5,853
- Financial income +€2,856
up €2,856 (+5491.1%), from €52 to €2,908
- Taxes -€215
down €215 (-6.8%), from €3,185 to €2,969
- Financial charges -€144
down €144 (-28.9%), from €499 to €355
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 | €52,885 | €56,842 | +€3,957 | +7.5% |
| Fixed assets | 21/28 | €255 | €18 | -€237 | -93.1% |
| Tangible fixed assets | 22/27 | €255 | €18 | -€237 | -93.1% |
| Plant, machinery and equipment | 23 | €255 | €18 | -€237 | -93.1% |
| Current assets | 29/58 | €52,630 | €56,824 | +€4,194 | +8.0% |
| Amounts receivable within one year | 40/41 | €51,715 | €54,730 | +€3,015 | +5.8% |
| Trade receivables | 40 | €373 | - | -€373 | |
| Other amounts receivable | 41 | €51,342 | €54,730 | +€3,388 | +6.6% |
| Cash at bank and in hand | 54/58 | €59 | €1,213 | +€1,154 | +1947.5% |
| Deferred charges and accrued income | 490/1 | €856 | €882 | +€25 | +2.9% |
| Total equity and liabilities | 10/49 | €52,885 | €56,842 | +€3,957 | +7.5% |
| Equity | 10/15 | €29,172 | €33,108 | +€3,936 | +13.5% |
| Contributions | 10/11 | €14,100 | €14,100 | = | 0.0% |
| Reserves | 13 | €4,360 | €8,260 | +€3,900 | +89.4% |
| Distributable reserves | 133 | €4,360 | €8,260 | +€3,900 | +89.4% |
| Profit (loss) carried forward | 14 | €10,712 | €10,748 | +€36 | +0.3% |
| Amounts payable | 17/49 | €23,713 | €23,734 | +€20 | +0.1% |
| Amounts payable within one year | 42/48 | €23,713 | €23,734 | +€20 | +0.1% |
| Financial debts | 43 | €1,289 | €1,177 | -€113 | -8.7% |
| Credit institutions | 430/8 | €1,289 | €1,177 | -€113 | -8.7% |
| Trade debts | 44 | €10,183 | €10,112 | -€71 | -0.7% |
| Suppliers | 440/4 | €10,183 | €10,112 | -€71 | -0.7% |
| Advances received on contracts in progress | 46 | €250 | - | -€250 | |
| Taxes, remuneration and social security | 45 | €7,294 | €6,977 | -€317 | -4.3% |
| Taxes | 450/3 | €7,294 | €6,177 | -€1,117 | -15.3% |
| Remuneration and social security | 454/9 | - | €800 | +€800 | |
| Other amounts payable | 47/48 | €4,697 | €5,468 | +€771 | +16.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €237 | €237 | = | 0.0% |
| Other operating charges | 640/8 | €1,324 | €1,263 | -€60 | -4.6% |
| Gross operating margin | 9900 | €9,529 | €5,853 | -€3,676 | -38.6% |
| Operating profit (loss) | 9901 | €7,968 | €4,353 | -€3,616 | -45.4% |
| Financial income | 75/76B | €52 | €2,908 | +€2,856 | +5491.1% |
| Recurring financial income | 75 | €52 | €2,908 | +€2,856 | +5491.1% |
| Financial charges | 65/66B | €499 | €355 | -€144 | -28.9% |
| Recurring financial charges | 65 | €499 | €355 | -€144 | -28.9% |
| Profit (loss) for the period before taxes | 9903 | €7,522 | €6,906 | -€616 | -8.2% |
| Income taxes | 67/77 | €3,185 | €2,969 | -€215 | -6.8% |
| Profit (loss) for the period | 9904 | €4,337 | €3,936 | -€401 | -9.2% |
| Profit (loss) for the period to be appropriated | 9905 | €4,337 | €3,936 | -€401 | -9.2% |
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.