Tréma & Partners: 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.
Tréma & Partners
Largest movements
- Cash +€332,508
up €332,508 (+109%), from €305,897 to €638,405
mainly Net result for the year (+€200,085) and Investment in fixed assets (net) (+€92,703)
- Tangible fixed assets -€114,668
down €114,668 (-30.1%), from €380,802 to €266,133
- Reserves +€200,085
up €200,085 (+334%), from €59,834 to €259,919
of which Distributable reserves: +€200,085
- Other debts +€12,026
up €12,026 (+3.2%), from €371,858 to €383,883
- Gross operating margin +€290,663
up €290,663 (+512%), from €56,724 to €347,387
- Taxes +€94,379
up €94,379, from -€83 to €94,297
- Depreciation -€5,769
down €5,769 (-20.8%), from €27,734 to €21,965
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 | €796,104 | €1,009,155 | +€213,051 | +26.8% |
| Fixed assets | 21/28 | €381,028 | €266,360 | -€114,668 | -30.1% |
| Tangible fixed assets | 22/27 | €380,802 | €266,133 | -€114,668 | -30.1% |
| Land and buildings | 22 | €380,802 | €266,133 | -€114,668 | -30.1% |
| Financial fixed assets | 28 | €226 | €226 | = | 0.0% |
| Current assets | 29/58 | €415,076 | €742,795 | +€327,719 | +79.0% |
| Amounts receivable within one year | 40/41 | €109,179 | €103,665 | -€5,514 | -5.1% |
| Trade receivables | 40 | €13,985 | €15,039 | +€1,054 | +7.5% |
| Other amounts receivable | 41 | €95,194 | €88,626 | -€6,568 | -6.9% |
| Cash at bank and in hand | 54/58 | €305,897 | €638,405 | +€332,508 | +109% |
| Deferred charges and accrued income | 490/1 | - | €725 | +€725 | |
| Total equity and liabilities | 10/49 | €796,104 | €1,009,155 | +€213,051 | +26.8% |
| Equity | 10/15 | €412,191 | €612,276 | +€200,085 | +48.5% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €59,834 | €259,919 | +€200,085 | +334% |
| Non-distributable reserves | 130/1 | €12,395 | €12,395 | = | 0.0% |
| Reserves not available under the articles | 1311 | €12,395 | - | -€12,395 | |
| Other | 1319 | - | €12,395 | +€12,395 | |
| Distributable reserves | 133 | €47,439 | €247,525 | +€200,085 | +422% |
| Profit (loss) carried forward | 14 | €333,807 | €333,807 | = | 0.0% |
| Amounts payable | 17/49 | €383,913 | €396,878 | +€12,966 | +3.4% |
| Amounts payable within one year | 42/48 | €383,913 | €396,878 | +€12,966 | +3.4% |
| Trade debts | 44 | €1,392 | €995 | -€397 | -28.5% |
| Suppliers | 440/4 | €1,392 | €995 | -€397 | -28.5% |
| Taxes, remuneration and social security | 45 | €10,663 | €12,000 | +€1,337 | +12.5% |
| Taxes | 450/3 | €10,663 | €12,000 | +€1,337 | +12.5% |
| Other amounts payable | 47/48 | €371,858 | €383,883 | +€12,026 | +3.2% |
| Non-recurring operating income | 76A | - | €322,297 | +€322,297 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,734 | €21,965 | -€5,769 | -20.8% |
| Other operating charges | 640/8 | €5,816 | €5,444 | -€372 | -6.4% |
| Gross operating margin | 9900 | €56,724 | €347,387 | +€290,663 | +512% |
| Operating profit (loss) | 9901 | €23,174 | €319,978 | +€296,805 | +1,281% |
| Financial income | 75/76B | - | €827 | +€827 | |
| Recurring financial income | 75 | - | €827 | +€827 | |
| Financial charges | 65/66B | €28,315 | €26,423 | -€1,892 | -6.7% |
| Recurring financial charges | 65 | €28,315 | €26,423 | -€1,892 | -6.7% |
| Profit (loss) for the period before taxes | 9903 | -€5,142 | €294,382 | +€299,524 | |
| Income taxes | 67/77 | -€83 | €94,297 | +€94,379 | |
| Profit (loss) for the period | 9904 | -€5,059 | €200,085 | +€205,144 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,059 | €200,085 | +€205,144 |
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 25 October 2026 via checked.be.