Treft: 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.
What changed
Treft
NACE 68.310, Real estate agency activities
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€68,308
2024 · -€55,344-€12,964
Equity
€2.6m
2024 · €2.6m-€68,308
Cash
€195,613
2024 · €182,547+€13,065
Balance sheet total
€7.9m
2024 · €8.1m-€233,689
Largest movements
Assets
- Tangible fixed assets -€247,390
down €247,390 (-3.1%), from €7.9m to €7.7m
Equity and liabilities
- Debts after one year -€200,000
down €200,000 (-3.8%), from €5.3m to €5.1m
Income statement
- Financial charges -€61,533
down €61,533 (-25.7%), from €239,779 to €178,247
- Other operating charges +€47,121
up €47,121 (+152.1%), from €30,986 to €78,107
- Gross operating margin -€31,281
down €31,281 (-6.7%), from €470,025 to €438,744
- Staff costs +€6,553
new in 2025: €6,553
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.
Result 2024
-€55,344
Gross operating margin
-€31,281
Staff costs
-€6,553
Depreciation
-€447
Other operating charges
-€47,121
Other operating items
+€7,660
Financial income
+€14
Financial charges
+€61,533
Taxes
-€2,175
Deferred taxes and other
+€5,406
Result 2025
-€68,308
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.
From operations
+€196,197
Investment
€0
Financing
-€183,132
Cash 2024
€182,547
From operations (derived)
+€196,197
Net result for the year
-€68,308
Depreciation
+€247,390
Receivables within one year
-€636
Provisions
-€5,406
Trade debts
+€14,001
Tax, wage and social debts
+€2,204
Other debts
+€2,910
Accrued charges and deferred income
+€4,042
Financing
-€183,132
Debts after one year
-€200,000
Current portion of long-term debt
+€16,868
Cash 2025
€195,613
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,125,158 | €7,891,469 | -€233,689 | -2.9% |
| Fixed assets | 21/28 | €7,941,249 | €7,693,859 | -€247,390 | -3.1% |
| Tangible fixed assets | 22/27 | €7,941,249 | €7,693,859 | -€247,390 | -3.1% |
| Land and buildings | 22 | €7,941,249 | €7,693,859 | -€247,390 | -3.1% |
| Current assets | 29/58 | €183,908 | €197,610 | +€13,701 | +7.5% |
| Amounts receivable within one year | 40/41 | €1,361 | €1,997 | +€636 | +46.7% |
| Trade receivables | 40 | €1,361 | €1,997 | +€636 | +46.7% |
| Cash at bank and in hand | 54/58 | €182,547 | €195,613 | +€13,065 | +7.2% |
| Total equity and liabilities | 10/49 | €8,125,158 | €7,891,469 | -€233,689 | -2.9% |
| Equity | 10/15 | €2,628,396 | €2,560,088 | -€68,308 | -2.6% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Revaluation surpluses | 12 | €1,683,383 | €1,619,869 | -€63,514 | -3.8% |
| Reserves | 13 | €1,202,271 | €1,252,914 | +€50,643 | +4.2% |
| Non-distributable reserves | 130/1 | €27,514 | €27,514 | = | 0.0% |
| Legal reserve | 130 | €27,514 | €27,514 | = | 0.0% |
| Tax-exempt reserves | 132 | €379,203 | €366,333 | -€12,871 | -3.4% |
| Distributable reserves | 133 | €795,553 | €859,067 | +€63,514 | +8.0% |
| Profit (loss) carried forward | 14 | -€319,230 | -€374,668 | -€55,438 | -17.4% |
| Provisions and deferred taxes | 16 | €159,884 | €154,478 | -€5,406 | -3.4% |
| Deferred taxes | 168 | €159,884 | €154,478 | -€5,406 | -3.4% |
| Amounts payable | 17/49 | €5,336,877 | €5,176,902 | -€159,974 | -3.0% |
| Amounts payable after more than one year | 17 | €5,288,242 | €5,088,242 | -€200,000 | -3.8% |
| Financial debts | 170/4 | €5,288,242 | €5,088,242 | -€200,000 | -3.8% |
| Amounts payable within one year | 42/48 | €33,575 | €69,559 | +€35,983 | +107.2% |
| Current portion of amounts payable after more than one year | 42 | €22,119 | €38,987 | +€16,868 | +76.3% |
| Trade debts | 44 | €11,457 | €25,458 | +€14,001 | +122.2% |
| Suppliers | 440/4 | €11,457 | €25,458 | +€14,001 | +122.2% |
| Taxes, remuneration and social security | 45 | - | €2,204 | +€2,204 | |
| Taxes | 450/3 | - | €1,341 | +€1,341 | |
| Remuneration and social security | 454/9 | - | €863 | +€863 | |
| Other amounts payable | 47/48 | - | €2,910 | +€2,910 | |
| Accrued charges and deferred income | 492/3 | €15,060 | €19,102 | +€4,042 | +26.8% |
| Remuneration, social security and pensions | 62 | - | €6,553 | +€6,553 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €246,943 | €247,390 | +€447 | +0.2% |
| Other operating charges | 640/8 | €30,986 | €78,107 | +€47,121 | +152.1% |
| Non-recurring operating charges | 66A | €7,660 | - | -€7,660 | |
| Gross operating margin | 9900 | €470,025 | €438,744 | -€31,281 | -6.7% |
| Operating profit (loss) | 9901 | €184,436 | €106,693 | -€77,742 | -42.2% |
| Financial income | 75/76B | - | €14 | +€14 | |
| Recurring financial income | 75 | - | €14 | +€14 | |
| Financial charges | 65/66B | €239,779 | €178,247 | -€61,533 | -25.7% |
| Recurring financial charges | 65 | €239,779 | €178,247 | -€61,533 | -25.7% |
| Profit (loss) for the period before taxes | 9903 | -€55,344 | -€71,539 | -€16,195 | -29.3% |
| Transfer from deferred taxes | 780 | - | €5,406 | +€5,406 | |
| Income taxes | 67/77 | - | €2,175 | +€2,175 | |
| Profit (loss) for the period | 9904 | -€55,344 | -€68,308 | -€12,964 | -23.4% |
| Transfer from tax-exempt reserves | 789 | - | €12,871 | +€12,871 | |
| Profit (loss) for the period to be appropriated | 9905 | -€55,344 | -€55,438 | -€94 | -0.2% |
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 30 September 2026 via checked.be.