TREKANT: 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.
TREKANT
Largest movements
- Receivables within one year +€31,861
up €31,861 (+209.2%), from €15,228 to €47,088
of which Trade receivables: +€24,998
- Cash +€10,650
up €10,650 (+15.3%), from €69,693 to €80,343
mainly Net result for the year (+€36,564) and Tax, wage and social debts (+€10,374)
- Tangible fixed assets -€4,018
down €4,018 (-30.8%), from €13,044 to €9,026
- Reserves +€36,564
up €36,564 (+65.7%), from €55,687 to €92,251
- Tax, wage and social debts +€10,374
up €10,374 (+158.1%), from €6,562 to €16,936
- Debts after one year -€8,034
no longer reported in 2025 (was €8,034)
- Other debts +€2,218
up €2,218 (+31.3%), from €7,096 to €9,313
- Accrued charges and deferred income -€1,463
no longer reported in 2025 (was €1,463)
- Gross operating margin -€26,607
down €26,607 (-30.8%), from €86,333 to €59,726
- Taxes -€5,218
down €5,218 (-32.9%), from €15,855 to €10,637
- Depreciation -€1,321
down €1,321 (-11.3%), from €11,667 to €10,347
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 | €99,091 | €137,652 | +€38,561 | +38.9% |
| Fixed assets | 21/28 | €13,044 | €9,026 | -€4,018 | -30.8% |
| Tangible fixed assets | 22/27 | €13,044 | €9,026 | -€4,018 | -30.8% |
| Furniture and vehicles | 24 | €13,044 | €9,026 | -€4,018 | -30.8% |
| Current assets | 29/58 | €86,047 | €128,626 | +€42,579 | +49.5% |
| Amounts receivable within one year | 40/41 | €15,228 | €47,088 | +€31,861 | +209.2% |
| Trade receivables | 40 | €13,583 | €38,581 | +€24,998 | +184.0% |
| Other amounts receivable | 41 | €1,645 | €8,507 | +€6,863 | +417.3% |
| Cash at bank and in hand | 54/58 | €69,693 | €80,343 | +€10,650 | +15.3% |
| Deferred charges and accrued income | 490/1 | €1,127 | €1,194 | +€68 | +6.0% |
| Total equity and liabilities | 10/49 | €99,091 | €137,652 | +€38,561 | +38.9% |
| Equity | 10/15 | €60,687 | €97,251 | +€36,564 | +60.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Outside capital | 11 | €5,000 | €5,000 | = | 0.0% |
| Other | 1109/19 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €55,687 | €92,251 | +€36,564 | +65.7% |
| Distributable reserves | 133 | €55,687 | €92,251 | +€36,564 | +65.7% |
| Amounts payable | 17/49 | €38,404 | €40,401 | +€1,997 | +5.2% |
| Amounts payable after more than one year | 17 | €8,034 | - | -€8,034 | |
| Financial debts | 170/4 | €8,034 | - | -€8,034 | |
| Amounts payable within one year | 42/48 | €28,907 | €40,401 | +€11,495 | +39.8% |
| Current portion of amounts payable after more than one year | 42 | €8,271 | €8,034 | -€236 | -2.9% |
| Trade debts | 44 | €6,979 | €6,118 | -€861 | -12.3% |
| Suppliers | 440/4 | €6,979 | €6,118 | -€861 | -12.3% |
| Taxes, remuneration and social security | 45 | €6,562 | €16,936 | +€10,374 | +158.1% |
| Taxes | 450/3 | €6,562 | €16,936 | +€10,374 | +158.1% |
| Other amounts payable | 47/48 | €7,096 | €9,313 | +€2,218 | +31.3% |
| Accrued charges and deferred income | 492/3 | €1,463 | - | -€1,463 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,667 | €10,347 | -€1,321 | -11.3% |
| Other operating charges | 640/8 | €1,424 | €1,091 | -€333 | -23.4% |
| Gross operating margin | 9900 | €86,333 | €59,726 | -€26,607 | -30.8% |
| Operating profit (loss) | 9901 | €73,242 | €48,288 | -€24,953 | -34.1% |
| Financial charges | 65/66B | €1,700 | €1,087 | -€612 | -36.0% |
| Recurring financial charges | 65 | €1,700 | €1,087 | -€612 | -36.0% |
| Profit (loss) for the period before taxes | 9903 | €71,542 | €47,201 | -€24,341 | -34.0% |
| Income taxes | 67/77 | €15,855 | €10,637 | -€5,218 | -32.9% |
| Profit (loss) for the period | 9904 | €55,687 | €36,564 | -€19,123 | -34.3% |
| Profit (loss) for the period to be appropriated | 9905 | €55,687 | €36,564 | -€19,123 | -34.3% |
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 1 October 2026 via checked.be.