TREKPROJECT: 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.
TREKPROJECT
Largest movements
- Cash +€2,958
up €2,958 (+2804.7%), from €105 to €3,064
mainly Net result for the year (+€4,385) and Tax, wage and social debts (+€1,273)
- Receivables within one year +€1,463
up €1,463 (+30.6%), from €4,787 to €6,250
of which Trade receivables: +€1,768
- Tangible fixed assets -€472
down €472 (-44.8%), from €1,054 to €582
- Profit (loss) carried forward +€4,385
up €4,385, from -€3,168 to €1,217
- Other debts -€1,720
down €1,720 (-85.7%), from €2,007 to €287
- Tax, wage and social debts +€1,273
up €1,273 (+46.6%), from €2,733 to €4,007
- Gross operating margin +€9,011
up €9,011, from -€2,655 to €6,356
- Taxes +€1,007
up €1,007, from €0 to €1,007
- Depreciation +€110
up €110 (+30.4%), from €362 to €472
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 | €6,064 | €10,017 | +€3,953 | +65.2% |
| Fixed assets | 21/28 | €1,054 | €582 | -€472 | -44.8% |
| Tangible fixed assets | 22/27 | €1,054 | €582 | -€472 | -44.8% |
| Furniture and vehicles | 24 | €1,054 | €582 | -€472 | -44.8% |
| Current assets | 29/58 | €5,010 | €9,435 | +€4,425 | +88.3% |
| Amounts receivable within one year | 40/41 | €4,787 | €6,250 | +€1,463 | +30.6% |
| Trade receivables | 40 | €4,352 | €6,120 | +€1,768 | +40.6% |
| Other amounts receivable | 41 | €435 | €130 | -€305 | -70.0% |
| Cash at bank and in hand | 54/58 | €105 | €3,064 | +€2,958 | +2804.7% |
| Deferred charges and accrued income | 490/1 | €117 | €121 | +€4 | +3.0% |
| Total equity and liabilities | 10/49 | €6,064 | €10,017 | +€3,953 | +65.2% |
| Equity | 10/15 | -€168 | €4,217 | +€4,385 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,168 | €1,217 | +€4,385 | |
| Amounts payable | 17/49 | €6,232 | €5,800 | -€431 | -6.9% |
| Amounts payable within one year | 42/48 | €4,740 | €4,294 | -€447 | -9.4% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €2,733 | €4,007 | +€1,273 | +46.6% |
| Taxes | 450/3 | €2,733 | €4,007 | +€1,273 | +46.6% |
| Other amounts payable | 47/48 | €2,007 | €287 | -€1,720 | -85.7% |
| Accrued charges and deferred income | 492/3 | €1,492 | €1,507 | +€15 | +1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €362 | €472 | +€110 | +30.4% |
| Other operating charges | 640/8 | €380 | €395 | +€15 | +3.9% |
| Gross operating margin | 9900 | -€2,655 | €6,356 | +€9,011 | |
| Operating profit (loss) | 9901 | -€3,397 | €5,489 | +€8,886 | |
| Financial income | 75/76B | €1 | €30 | +€29 | +4185.7% |
| Recurring financial income | 75 | €1 | €30 | +€29 | +4185.7% |
| Financial charges | 65/66B | €119 | €128 | +€9 | +7.5% |
| Recurring financial charges | 65 | €119 | €128 | +€9 | +7.5% |
| Profit (loss) for the period before taxes | 9903 | -€3,515 | €5,392 | +€8,907 | |
| Income taxes | 67/77 | €0 | €1,007 | +€1,007 | |
| Profit (loss) for the period | 9904 | -€3,515 | €4,385 | +€7,900 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,515 | €4,385 | +€7,900 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.