Trema: 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.
Trema
Largest movements
- Cash -€33,981
down €33,981 (-45.8%), from €74,157 to €40,176
mainly Contributions, distributions and other (-€100,000) and Other debts (-€7,540)
- Tangible fixed assets -€7,009
down €7,009 (-22.8%), from €30,699 to €23,690
of which Plant, machinery and equipment: -€5,447
- Stocks and contracts +€5,000
up €5,000 (+33.3%), from €15,000 to €20,000
- Reserves -€30,354
down €30,354 (-54.4%), from €55,845 to €25,491
- Other debts -€7,540
down €7,540 (-15.1%), from €50,004 to €42,464
- Tax, wage and social debts +€5,129
up €5,129 (+63.5%), from €8,074 to €13,203
of which Taxes: +€5,162
- Trade debts -€2,734
down €2,734 (-39.2%), from €6,969 to €4,235
- Gross operating margin +€14,290
up €14,290 (+16.4%), from €87,255 to €101,545
- Taxes +€3,281
up €3,281 (+20.8%), from €15,751 to €19,032
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 | €124,892 | €89,392 | -€35,500 | -28.4% |
| Fixed assets | 21/28 | €30,699 | €23,690 | -€7,009 | -22.8% |
| Tangible fixed assets | 22/27 | €30,699 | €23,690 | -€7,009 | -22.8% |
| Land and buildings | 22 | €21,594 | €18,394 | -€3,199 | -14.8% |
| Plant, machinery and equipment | 23 | €9,056 | €3,609 | -€5,447 | -60.2% |
| Furniture and vehicles | 24 | €50 | €1,687 | +€1,638 | +3297.6% |
| Current assets | 29/58 | €94,193 | €65,702 | -€28,491 | -30.2% |
| Stocks and contracts in progress | 3 | €15,000 | €20,000 | +€5,000 | +33.3% |
| Contracts in progress | 37 | €15,000 | €20,000 | +€5,000 | +33.3% |
| Amounts receivable within one year | 40/41 | €149 | €128 | -€20 | -13.8% |
| Other amounts receivable | 41 | €149 | €128 | -€20 | -13.8% |
| Cash at bank and in hand | 54/58 | €74,157 | €40,176 | -€33,981 | -45.8% |
| Deferred charges and accrued income | 490/1 | €4,888 | €5,398 | +€510 | +10.4% |
| Total equity and liabilities | 10/49 | €124,892 | €89,392 | -€35,500 | -28.4% |
| Equity | 10/15 | €59,845 | €29,491 | -€30,354 | -50.7% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €55,845 | €25,491 | -€30,354 | -54.4% |
| Distributable reserves | 133 | €55,845 | €25,491 | -€30,354 | -54.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €65,047 | €59,902 | -€5,145 | -7.9% |
| Amounts payable within one year | 42/48 | €65,047 | €59,902 | -€5,145 | -7.9% |
| Trade debts | 44 | €6,969 | €4,235 | -€2,734 | -39.2% |
| Suppliers | 440/4 | €6,969 | €4,235 | -€2,734 | -39.2% |
| Taxes, remuneration and social security | 45 | €8,074 | €13,203 | +€5,129 | +63.5% |
| Taxes | 450/3 | €7,997 | €13,159 | +€5,162 | +64.5% |
| Remuneration and social security | 454/9 | €77 | €44 | -€33 | -42.7% |
| Other amounts payable | 47/48 | €50,004 | €42,464 | -€7,540 | -15.1% |
| Non-recurring operating income | 76A | - | €10,281 | +€10,281 | |
| Remuneration, social security and pensions | 62 | €1,103 | €1,161 | +€58 | +5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,413 | €8,944 | -€468 | -5.0% |
| Other operating charges | 640/8 | €649 | €1,036 | +€387 | +59.7% |
| Gross operating margin | 9900 | €87,255 | €101,545 | +€14,290 | +16.4% |
| Operating profit (loss) | 9901 | €76,091 | €90,404 | +€14,313 | +18.8% |
| Financial income | 75/76B | €776 | €619 | -€157 | -20.2% |
| Recurring financial income | 75 | €776 | €619 | -€157 | -20.2% |
| Financial charges | 65/66B | €1,650 | €2,345 | +€695 | +42.1% |
| Recurring financial charges | 65 | €1,650 | €2,345 | +€695 | +42.1% |
| Profit (loss) for the period before taxes | 9903 | €75,216 | €88,677 | +€13,461 | +17.9% |
| Income taxes | 67/77 | €15,751 | €19,032 | +€3,281 | +20.8% |
| Profit (loss) for the period | 9904 | €59,465 | €69,646 | +€10,181 | +17.1% |
| Profit (loss) for the period to be appropriated | 9905 | €59,465 | €69,646 | +€10,181 | +17.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.