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
- Receivables within one year +€62,869
up €62,869 (+16.2%), from €388,750 to €451,619
of which Trade receivables: +€62,565
- Intangible fixed assets -€47,712
down €47,712 (-30.1%), from €158,652 to €110,940
- Tax, wage and social debts +€19,321
up €19,321 (+30.5%), from €63,422 to €82,743
of which Taxes: +€27,846
- Trade debts -€9,959
down €9,959 (-6.3%), from €157,329 to €147,370
- Gross operating margin -€70,424
down €70,424 (-12.8%), from €549,271 to €478,847
- Staff costs -€18,696
down €18,696 (-4.4%), from €424,361 to €405,666
- Taxes -€11,676
down €11,676 (-54.6%), from €21,393 to €9,716
- Financial charges +€5,535
up €5,535 (+201%), from €2,753 to €8,288
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 | €672,702 | €684,867 | +€12,165 | +1.8% |
| Fixed assets | 21/28 | €168,489 | €117,419 | -€51,070 | -30.3% |
| Intangible fixed assets | 21 | €158,652 | €110,940 | -€47,712 | -30.1% |
| Tangible fixed assets | 22/27 | €7,637 | €4,279 | -€3,358 | -44.0% |
| Furniture and vehicles | 24 | €7,637 | €4,279 | -€3,358 | -44.0% |
| Financial fixed assets | 28 | €2,200 | €2,200 | = | 0.0% |
| Current assets | 29/58 | €504,213 | €567,448 | +€63,235 | +12.5% |
| Amounts receivable within one year | 40/41 | €388,750 | €451,619 | +€62,869 | +16.2% |
| Trade receivables | 40 | €383,136 | €445,701 | +€62,565 | +16.3% |
| Other amounts receivable | 41 | €5,615 | €5,918 | +€303 | +5.4% |
| Cash at bank and in hand | 54/58 | €95,986 | €97,466 | +€1,479 | +1.5% |
| Deferred charges and accrued income | 490/1 | €19,477 | €18,363 | -€1,113 | -5.7% |
| Total equity and liabilities | 10/49 | €672,702 | €684,867 | +€12,165 | +1.8% |
| Equity | 10/15 | €251,838 | €253,906 | +€2,068 | +0.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €230,000 | €230,000 | = | 0.0% |
| Distributable reserves | 133 | €230,000 | €230,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,838 | €3,906 | +€2,068 | +112% |
| Amounts payable | 17/49 | €420,864 | €430,961 | +€10,097 | +2.4% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €420,751 | €430,114 | +€9,363 | +2.2% |
| Current portion of amounts payable after more than one year | 42 | €200,000 | €200,000 | = | 0.0% |
| Trade debts | 44 | €157,329 | €147,370 | -€9,959 | -6.3% |
| Suppliers | 440/4 | €157,329 | €147,370 | -€9,959 | -6.3% |
| Taxes, remuneration and social security | 45 | €63,422 | €82,743 | +€19,321 | +30.5% |
| Taxes | 450/3 | €17,846 | €45,692 | +€27,846 | +156% |
| Remuneration and social security | 454/9 | €45,576 | €37,051 | -€8,524 | -18.7% |
| Accrued charges and deferred income | 492/3 | €113 | €847 | +€734 | +650% |
| Remuneration, social security and pensions | 62 | €424,361 | €405,666 | -€18,696 | -4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,229 | €51,945 | +€716 | +1.4% |
| Other operating charges | 640/8 | €1,426 | €4,103 | +€2,676 | +188% |
| Gross operating margin | 9900 | €549,271 | €478,847 | -€70,424 | -12.8% |
| Operating profit (loss) | 9901 | €72,255 | €17,134 | -€55,120 | -76.3% |
| Financial income | 75/76B | €807 | €2,938 | +€2,131 | +264% |
| Recurring financial income | 75 | €807 | €2,938 | +€2,131 | +264% |
| Financial charges | 65/66B | €2,753 | €8,288 | +€5,535 | +201% |
| Recurring financial charges | 65 | €2,753 | €8,288 | +€5,535 | +201% |
| Profit (loss) for the period before taxes | 9903 | €70,308 | €11,784 | -€58,524 | -83.2% |
| Income taxes | 67/77 | €21,393 | €9,716 | -€11,676 | -54.6% |
| Profit (loss) for the period | 9904 | €48,915 | €2,068 | -€46,847 | -95.8% |
| Profit (loss) for the period to be appropriated | 9905 | €48,915 | €2,068 | -€46,847 | -95.8% |
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 16 October 2026 via checked.be.