TREFLE BENELUX: what changed
Two financial 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.
TREFLE BENELUX
Largest movements
- Receivables within one year -€25,211
down €25,211 (-18.8%), from €134,172 to €108,960
of which Trade receivables: -€22,208
- Cash -€12,750
down €12,750 (-19.5%), from €65,441 to €52,690
mainly Net result for the year (-€21,964) and Tax, wage and social debts (-€21,920)
- Profit (loss) carried forward -€21,964
down €21,964 (-21.4%), from -€102,784 to -€124,748
- Tax, wage and social debts -€21,920
down €21,920 (-63.5%), from €34,517 to €12,597
of which Taxes: -€17,189
- Trade debts +€7,356
up €7,356 (+4.4%), from €168,599 to €175,955
- Short-term financial debts -€2,082
down €2,082 (-59.6%), from €3,491 to €1,409
- Gross operating margin +€55,869
up €55,869, from -€23,714 to €32,155
- Staff costs +€12,741
up €12,741 (+36.7%), from €34,757 to €47,498
- Financial charges +€1,763
up €1,763 (+52.9%), from €3,331 to €5,094
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.
Derived cash bridge
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 | €203,823 | €165,213 | -€38,611 | -18.9% |
| Fixed assets | 21/28 | €1,959 | €1,406 | -€554 | -28.3% |
| Tangible fixed assets | 22/27 | €1,596 | €1,043 | -€554 | -34.7% |
| Furniture and vehicles | 24 | €1,596 | €1,043 | -€554 | -34.7% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €201,864 | €163,807 | -€38,057 | -18.9% |
| Amounts receivable within one year | 40/41 | €134,172 | €108,960 | -€25,211 | -18.8% |
| Trade receivables | 40 | €121,700 | €99,492 | -€22,208 | -18.2% |
| Other amounts receivable | 41 | €12,471 | €9,468 | -€3,003 | -24.1% |
| Cash at bank and in hand | 54/58 | €65,441 | €52,690 | -€12,750 | -19.5% |
| Deferred charges and accrued income | 490/1 | €2,252 | €2,156 | -€95 | -4.2% |
| Total equity and liabilities | 10/49 | €203,823 | €165,213 | -€38,611 | -18.9% |
| Equity | 10/15 | -€2,784 | -€24,748 | -€21,964 | -789% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€102,784 | -€124,748 | -€21,964 | -21.4% |
| Amounts payable | 17/49 | €206,607 | €189,961 | -€16,646 | -8.1% |
| Amounts payable within one year | 42/48 | €206,607 | €189,961 | -€16,646 | -8.1% |
| Financial debts | 43 | €3,491 | €1,409 | -€2,082 | -59.6% |
| Credit institutions | 430/8 | €3,491 | €1,409 | -€2,082 | -59.6% |
| Trade debts | 44 | €168,599 | €175,955 | +€7,356 | +4.4% |
| Suppliers | 440/4 | €168,599 | €175,955 | +€7,356 | +4.4% |
| Taxes, remuneration and social security | 45 | €34,517 | €12,597 | -€21,920 | -63.5% |
| Taxes | 450/3 | €29,786 | €12,597 | -€17,189 | -57.7% |
| Remuneration and social security | 454/9 | €4,731 | - | -€4,731 | |
| Remuneration, social security and pensions | 62 | €34,757 | €47,498 | +€12,741 | +36.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €958 | €1,003 | +€45 | +4.7% |
| Other operating charges | 640/8 | €386 | €394 | +€8 | +2.0% |
| Gross operating margin | 9900 | -€23,714 | €32,155 | +€55,869 | |
| Operating profit (loss) | 9901 | -€59,814 | -€16,739 | +€43,075 | +72.0% |
| Financial income | 75/76B | €0 | €0 | +€0 | +400% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +400% |
| Financial charges | 65/66B | €3,331 | €5,094 | +€1,763 | +52.9% |
| Recurring financial charges | 65 | €3,331 | €5,094 | +€1,763 | +52.9% |
| Profit (loss) for the period before taxes | 9903 | -€63,145 | -€21,833 | +€41,312 | +65.4% |
| Income taxes | 67/77 | €115 | €131 | +€16 | +14.3% |
| Profit (loss) for the period | 9904 | -€63,260 | -€21,964 | +€41,296 | +65.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€63,260 | -€21,964 | +€41,296 | +65.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.