TREMA: 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.
TREMA
Largest movements
- Cash +€3,705
up €3,705 (+90.6%), from €4,091 to €7,796
mainly Other debts (+€8,743) and Depreciation (+€4,946)
- Tangible fixed assets -€2,963
down €2,963 (-44.7%), from €6,623 to €3,660
of which Furniture and vehicles: -€3,398
- Receivables within one year +€1,663
up €1,663 (+71.2%), from €2,337 to €4,000
of which Trade receivables: +€1,152
- Deferred charges and accrued income -€293
down €293 (-20.7%), from €1,413 to €1,120
- Other debts +€8,743
up €8,743 (+128%), from €6,850 to €15,593
- Profit (loss) carried forward -€8,519
down €8,519 (-82.6%), from -€10,318 to -€18,837
- Trade debts +€1,929
up €1,929 (+235%), from €822 to €2,751
- Current portion of long-term debt -€862
no longer reported in 2025 (was €862)
- Tax, wage and social debts +€850
up €850 (+131%), from €650 to €1,500
of which Taxes: +€1,500
- Gross operating margin +€2,236
up €2,236 (+52.9%), from -€4,229 to -€1,993
- Depreciation +€349
up €349 (+7.6%), from €4,598 to €4,946
- Financial charges +€87
up €87 (+10.7%), from €810 to €897
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.
Derived cash bridge
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 | €15,066 | €17,207 | +€2,141 | +14.2% |
| Fixed assets | 21/28 | €6,623 | €3,660 | -€2,963 | -44.7% |
| Tangible fixed assets | 22/27 | €6,623 | €3,660 | -€2,963 | -44.7% |
| Plant, machinery and equipment | 23 | €965 | €1,400 | +€435 | +45.0% |
| Furniture and vehicles | 24 | €5,657 | €2,260 | -€3,398 | -60.1% |
| Current assets | 29/58 | €8,444 | €13,547 | +€5,104 | +60.4% |
| Stocks and contracts in progress | 3 | €603 | €632 | +€29 | +4.7% |
| Stocks | 30/36 | €603 | €632 | +€29 | +4.7% |
| Amounts receivable within one year | 40/41 | €2,337 | €4,000 | +€1,663 | +71.2% |
| Trade receivables | 40 | €514 | €1,666 | +€1,152 | +224% |
| Other amounts receivable | 41 | €1,822 | €2,333 | +€511 | +28.0% |
| Cash at bank and in hand | 54/58 | €4,091 | €7,796 | +€3,705 | +90.6% |
| Deferred charges and accrued income | 490/1 | €1,413 | €1,120 | -€293 | -20.7% |
| Total equity and liabilities | 10/49 | €15,066 | €17,207 | +€2,141 | +14.2% |
| Equity | 10/15 | €5,882 | -€2,637 | -€8,519 | |
| Contributions | 10/11 | €9,296 | €9,296 | = | 0.0% |
| Reserves | 13 | €6,904 | €6,904 | = | 0.0% |
| Distributable reserves | 133 | €6,904 | €6,904 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,318 | -€18,837 | -€8,519 | -82.6% |
| Amounts payable | 17/49 | €9,184 | €19,844 | +€10,660 | +116% |
| Amounts payable within one year | 42/48 | €9,184 | €19,844 | +€10,660 | +116% |
| Current portion of amounts payable after more than one year | 42 | €862 | - | -€862 | |
| Trade debts | 44 | €822 | €2,751 | +€1,929 | +235% |
| Suppliers | 440/4 | €822 | €2,751 | +€1,929 | +235% |
| Taxes, remuneration and social security | 45 | €650 | €1,500 | +€850 | +131% |
| Taxes | 450/3 | - | €1,500 | +€1,500 | |
| Remuneration and social security | 454/9 | €650 | - | -€650 | |
| Other amounts payable | 47/48 | €6,850 | €15,593 | +€8,743 | +128% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,598 | €4,946 | +€349 | +7.6% |
| Other operating charges | 640/8 | €683 | €683 | -€0 | 0.0% |
| Gross operating margin | 9900 | -€4,229 | -€1,993 | +€2,236 | +52.9% |
| Operating profit (loss) | 9901 | -€9,510 | -€7,623 | +€1,887 | +19.8% |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €810 | €897 | +€87 | +10.7% |
| Recurring financial charges | 65 | €810 | €897 | +€87 | +10.7% |
| Profit (loss) for the period before taxes | 9903 | -€10,318 | -€8,519 | +€1,798 | +17.4% |
| Profit (loss) for the period | 9904 | -€10,318 | -€8,519 | +€1,798 | +17.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,318 | -€8,519 | +€1,798 | +17.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.