TREKO: 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.
TREKO
Largest movements
- Cash +€20,686
up €20,686 (+18.4%), from €112,205 to €132,891
mainly Net result for the year (+€125,822) and Other debts (+€24,721)
- Receivables within one year +€3,995
up €3,995 (+14.1%), from €28,270 to €32,265
of which Trade receivables: +€6,651
- Tangible fixed assets +€1,766
up €1,766 (+48.1%), from €3,674 to €5,440
- Other debts +€24,721
up €24,721 (+30.1%), from €82,227 to €106,949
- Tax, wage and social debts +€2,221
up €2,221 (+8.3%), from €26,837 to €29,059
- Gross operating margin +€38,533
up €38,533 (+29.0%), from €133,028 to €171,561
- Taxes +€9,237
up €9,237 (+33.5%), from €27,586 to €36,823
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €144,766 | €171,225 | +€26,459 | +18.3% |
| Fixed assets | 21/28 | €3,674 | €5,440 | +€1,766 | +48.1% |
| Tangible fixed assets | 22/27 | €3,674 | €5,440 | +€1,766 | +48.1% |
| Furniture and vehicles | 24 | €3,674 | €5,440 | +€1,766 | +48.1% |
| Current assets | 29/58 | €141,092 | €165,785 | +€24,693 | +17.5% |
| Amounts receivable within one year | 40/41 | €28,270 | €32,265 | +€3,995 | +14.1% |
| Trade receivables | 40 | €25,436 | €32,087 | +€6,651 | +26.1% |
| Other amounts receivable | 41 | €2,834 | €178 | -€2,656 | -93.7% |
| Cash at bank and in hand | 54/58 | €112,205 | €132,891 | +€20,686 | +18.4% |
| Deferred charges and accrued income | 490/1 | €616 | €628 | +€12 | +1.9% |
| Total equity and liabilities | 10/49 | €144,766 | €171,225 | +€26,459 | +18.3% |
| Equity | 10/15 | €35,096 | €35,096 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €16,496 | €16,496 | = | 0.0% |
| Tax-exempt reserves | 132 | €172 | €172 | = | 0.0% |
| Distributable reserves | 133 | €16,324 | €16,324 | = | 0.0% |
| Amounts payable | 17/49 | €109,670 | €136,129 | +€26,459 | +24.1% |
| Amounts payable within one year | 42/48 | €109,670 | €136,129 | +€26,459 | +24.1% |
| Trade debts | 44 | €605 | €122 | -€484 | -79.9% |
| Suppliers | 440/4 | €605 | €122 | -€484 | -79.9% |
| Taxes, remuneration and social security | 45 | €26,837 | €29,059 | +€2,221 | +8.3% |
| Taxes | 450/3 | €26,837 | €29,059 | +€2,221 | +8.3% |
| Other amounts payable | 47/48 | €82,227 | €106,949 | +€24,721 | +30.1% |
| Remuneration, social security and pensions | 62 | €6,400 | €6,288 | -€112 | -1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €935 | €1,242 | +€306 | +32.8% |
| Other operating charges | 640/8 | €1,306 | €1,261 | -€45 | -3.4% |
| Gross operating margin | 9900 | €133,028 | €171,561 | +€38,533 | +29.0% |
| Operating profit (loss) | 9901 | €124,388 | €162,771 | +€38,383 | +30.9% |
| Financial income | 75/76B | €132 | €93 | -€38 | -29.1% |
| Recurring financial income | 75 | €132 | €93 | -€38 | -29.1% |
| Financial charges | 65/66B | €195 | €219 | +€24 | +12.1% |
| Recurring financial charges | 65 | €195 | €219 | +€24 | +12.1% |
| Profit (loss) for the period before taxes | 9903 | €124,324 | €162,645 | +€38,321 | +30.8% |
| Income taxes | 67/77 | €27,586 | €36,823 | +€9,237 | +33.5% |
| Profit (loss) for the period | 9904 | €96,738 | €125,822 | +€29,084 | +30.1% |
| Profit (loss) for the period to be appropriated | 9905 | €96,738 | €125,822 | +€29,084 | +30.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.