Trek & Tech: 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.
Trek & Tech
Largest movements
- Receivables within one year +€51,843
up €51,843 (+117.9%), from €43,964 to €95,808
- Cash -€8,112
down €8,112 (-95.9%), from €8,461 to €349
mainly Receivables within one year (-€51,843) and Current portion of long-term debt (-€13,639)
- Other debts +€27,676
up €27,676 (+173.6%), from €15,947 to €43,623
- Profit (loss) carried forward +€19,355
up €19,355 (+16.8%), from €114,915 to €134,270
- Current portion of long-term debt -€13,639
down €13,639 (-40.1%), from €34,027 to €20,387
- Financial income -€96,848
down €96,848 (-89.5%), from €108,155 to €11,307
- Depreciation -€1,226
down €1,226 (-14.2%), from €8,613 to €7,387
- Gross operating margin -€734
down €734 (-2.8%), from €25,997 to €25,264
- Taxes -€614
down €614 (-8.8%), from €7,005 to €6,390
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €757,391 | €793,734 | +€36,344 | +4.8% |
| Fixed assets | 21/28 | €504,965 | €497,578 | -€7,387 | -1.5% |
| Tangible fixed assets | 22/27 | €111,653 | €104,266 | -€7,387 | -6.6% |
| Land and buildings | 22 | €65,957 | €61,870 | -€4,087 | -6.2% |
| Other tangible fixed assets | 26 | €45,696 | €42,396 | -€3,300 | -7.2% |
| Financial fixed assets | 28 | €393,312 | €393,312 | = | 0.0% |
| Current assets | 29/58 | €252,426 | €296,157 | +€43,731 | +17.3% |
| Amounts receivable after more than one year | 29 | €200,000 | €200,000 | = | 0.0% |
| Other amounts receivable | 291 | €200,000 | €200,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €43,964 | €95,808 | +€51,843 | +117.9% |
| Other amounts receivable | 41 | €43,964 | €95,808 | +€51,843 | +117.9% |
| Cash at bank and in hand | 54/58 | €8,461 | €349 | -€8,112 | -95.9% |
| Total equity and liabilities | 10/49 | €757,391 | €793,734 | +€36,344 | +4.8% |
| Equity | 10/15 | €555,573 | €574,928 | +€19,355 | +3.5% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €340,658 | €340,658 | = | 0.0% |
| Distributable reserves | 133 | €340,658 | €340,658 | = | 0.0% |
| Profit (loss) carried forward | 14 | €114,915 | €134,270 | +€19,355 | +16.8% |
| Amounts payable | 17/49 | €201,818 | €218,807 | +€16,989 | +8.4% |
| Amounts payable after more than one year | 17 | €141,911 | €137,336 | -€4,575 | -3.2% |
| Financial debts | 170/4 | €141,911 | €137,336 | -€4,575 | -3.2% |
| Amounts payable within one year | 42/48 | €59,907 | €81,471 | +€21,564 | +36.0% |
| Current portion of amounts payable after more than one year | 42 | €34,027 | €20,387 | -€13,639 | -40.1% |
| Trade debts | 44 | €6,061 | €5,979 | -€82 | -1.3% |
| Suppliers | 440/4 | €6,061 | €5,979 | -€82 | -1.3% |
| Taxes, remuneration and social security | 45 | €3,872 | €11,481 | +€7,609 | +196.5% |
| Taxes | 450/3 | €3,872 | €11,481 | +€7,609 | +196.5% |
| Other amounts payable | 47/48 | €15,947 | €43,623 | +€27,676 | +173.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,613 | €7,387 | -€1,226 | -14.2% |
| Gross operating margin | 9900 | €25,997 | €25,264 | -€734 | -2.8% |
| Operating profit (loss) | 9901 | €17,384 | €17,876 | +€492 | +2.8% |
| Financial income | 75/76B | €108,155 | €11,307 | -€96,848 | -89.5% |
| Recurring financial income | 75 | €108,155 | €11,307 | -€96,848 | -89.5% |
| Financial charges | 65/66B | €3,619 | €3,438 | -€182 | -5.0% |
| Recurring financial charges | 65 | €3,619 | €3,438 | -€182 | -5.0% |
| Profit (loss) for the period before taxes | 9903 | €121,919 | €25,745 | -€96,174 | -78.9% |
| Income taxes | 67/77 | €7,005 | €6,390 | -€614 | -8.8% |
| Profit (loss) for the period | 9904 | €114,915 | €19,355 | -€95,560 | -83.2% |
| Profit (loss) for the period to be appropriated | 9905 | €114,915 | €19,355 | -€95,560 | -83.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.