TREM: 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.
TREM
Largest movements
- Tangible fixed assets +€19,929
up €19,929 (+8040.9%), from €248 to €20,176
of which Furniture and vehicles: +€17,495
- Receivables within one year +€7,283
up €7,283 (+27.7%), from €26,334 to €33,617
of which Other amounts receivable: +€5,390
- Other debts +€19,782
up €19,782 (+62.7%), from €31,569 to €51,351
- Debts after one year +€13,754
new in 2024: €13,754
- Profit (loss) carried forward -€9,278
down €9,278 (-12.9%), from -€71,774 to -€81,052
- Tax, wage and social debts +€1,069
up €1,069 (+54.1%), from €1,975 to €3,044
of which Remuneration and social security: +€1,050
- Current portion of long-term debt +€831
up €831 (+29.4%), from €2,829 to €3,659
- Depreciation +€2,998
up €2,998 (+311.4%), from €963 to €3,961
- Financial charges +€784
up €784 (+286.5%), from €274 to €1,058
- Gross operating margin -€711
down €711 (-25.0%), from -€2,845 to -€3,556
- Other operating charges +€234
up €234 (+49.8%), from €469 to €703
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 | €28,277 | €55,299 | +€27,022 | +95.6% |
| Fixed assets | 21/28 | €248 | €20,176 | +€19,929 | +8040.9% |
| Tangible fixed assets | 22/27 | €248 | €20,176 | +€19,929 | +8040.9% |
| Plant, machinery and equipment | 23 | €248 | €2,681 | +€2,433 | +981.8% |
| Furniture and vehicles | 24 | - | €17,495 | +€17,495 | |
| Current assets | 29/58 | €28,029 | €35,123 | +€7,094 | +25.3% |
| Amounts receivable within one year | 40/41 | €26,334 | €33,617 | +€7,283 | +27.7% |
| Trade receivables | 40 | €26,334 | €28,227 | +€1,892 | +7.2% |
| Other amounts receivable | 41 | - | €5,390 | +€5,390 | |
| Cash at bank and in hand | 54/58 | €1,102 | €1,102 | = | 0.0% |
| Deferred charges and accrued income | 490/1 | €593 | €404 | -€189 | -31.8% |
| Total equity and liabilities | 10/49 | €28,277 | €55,299 | +€27,022 | +95.6% |
| Equity | 10/15 | -€9,801 | -€19,079 | -€9,278 | -94.7% |
| 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% |
| Profit (loss) carried forward | 14 | -€71,774 | -€81,052 | -€9,278 | -12.9% |
| Amounts payable | 17/49 | €38,077 | €74,378 | +€36,301 | +95.3% |
| Amounts payable after more than one year | 17 | - | €13,754 | +€13,754 | |
| Financial debts | 170/4 | - | €13,754 | +€13,754 | |
| Amounts payable within one year | 42/48 | €38,077 | €60,624 | +€22,547 | +59.2% |
| Current portion of amounts payable after more than one year | 42 | €2,829 | €3,659 | +€831 | +29.4% |
| Financial debts | 43 | €1,598 | €2,000 | +€402 | +25.1% |
| Credit institutions | 430/8 | €1,598 | €2,000 | +€402 | +25.1% |
| Trade debts | 44 | €106 | €570 | +€464 | +438.1% |
| Suppliers | 440/4 | €106 | €570 | +€464 | +438.1% |
| Taxes, remuneration and social security | 45 | €1,975 | €3,044 | +€1,069 | +54.1% |
| Taxes | 450/3 | €1,975 | €1,994 | +€19 | +1.0% |
| Remuneration and social security | 454/9 | - | €1,050 | +€1,050 | |
| Other amounts payable | 47/48 | €31,569 | €51,351 | +€19,782 | +62.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €963 | €3,961 | +€2,998 | +311.4% |
| Other operating charges | 640/8 | €469 | €703 | +€234 | +49.8% |
| Gross operating margin | 9900 | -€2,845 | -€3,556 | -€711 | -25.0% |
| Operating profit (loss) | 9901 | -€4,277 | -€8,220 | -€3,943 | -92.2% |
| Financial charges | 65/66B | €274 | €1,058 | +€784 | +286.5% |
| Recurring financial charges | 65 | €274 | €1,058 | +€784 | +286.5% |
| Profit (loss) for the period before taxes | 9903 | -€4,551 | -€9,278 | -€4,728 | -103.9% |
| Income taxes | 67/77 | €24 | - | -€24 | |
| Profit (loss) for the period | 9904 | -€4,575 | -€9,278 | -€4,704 | -102.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,575 | -€9,278 | -€4,704 | -102.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.