Tremdecor: 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.
Tremdecor
Largest movements
- Current investments +€200,065
new in 2025: €200,065
- Cash -€121,681
down €121,681 (-38.8%), from €313,828 to €192,147
mainly Current investments (-€200,065) and Contributions, distributions and other (-€23,500)
- Stocks and contracts -€86,620
down €86,620 (-38.1%), from €227,240 to €140,620
- Tangible fixed assets -€37,820
down €37,820 (-24.8%), from €152,555 to €114,735
of which Furniture and vehicles: -€26,130
- Reserves -€17,836
down €17,836 (-2.9%), from €621,906 to €604,070
- Debts after one year -€11,948
down €11,948 (-85.4%), from €13,994 to €2,045
- Trade debts -€11,326
down €11,326 (-37.5%), from €30,199 to €18,873
- Staff costs +€7,950
up €7,950 (+10.3%), from €77,255 to €85,205
- Gross operating margin -€2,936
down €2,936 (-2.0%), from €148,044 to €145,107
- Taxes -€2,759
down €2,759 (-41.6%), from €6,626 to €3,867
- Depreciation +€2,575
up €2,575 (+5.5%), from €46,684 to €49,260
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 | €735,400 | €684,558 | -€50,842 | -6.9% |
| Fixed assets | 21/28 | €152,555 | €114,735 | -€37,820 | -24.8% |
| Tangible fixed assets | 22/27 | €152,555 | €114,735 | -€37,820 | -24.8% |
| Land and buildings | 22 | €39,186 | €32,288 | -€6,898 | -17.6% |
| Plant, machinery and equipment | 23 | €22,927 | €14,486 | -€8,441 | -36.8% |
| Furniture and vehicles | 24 | €72,996 | €46,867 | -€26,130 | -35.8% |
| Other tangible fixed assets | 26 | €17,445 | €21,094 | +€3,649 | +20.9% |
| Current assets | 29/58 | €582,845 | €569,823 | -€13,022 | -2.2% |
| Stocks and contracts in progress | 3 | €227,240 | €140,620 | -€86,620 | -38.1% |
| Stocks | 30/36 | €227,240 | €140,620 | -€86,620 | -38.1% |
| Amounts receivable within one year | 40/41 | €39,729 | €34,084 | -€5,645 | -14.2% |
| Trade receivables | 40 | €11,355 | €8,051 | -€3,304 | -29.1% |
| Other amounts receivable | 41 | €28,374 | €26,032 | -€2,342 | -8.3% |
| Current investments | 50/53 | - | €200,065 | +€200,065 | |
| Cash at bank and in hand | 54/58 | €313,828 | €192,147 | -€121,681 | -38.8% |
| Deferred charges and accrued income | 490/1 | €2,049 | €2,907 | +€859 | +41.9% |
| Total equity and liabilities | 10/49 | €735,400 | €684,558 | -€50,842 | -6.9% |
| Equity | 10/15 | €640,506 | €622,670 | -€17,836 | -2.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €621,906 | €604,070 | -€17,836 | -2.9% |
| Distributable reserves | 133 | €621,906 | €604,070 | -€17,836 | -2.9% |
| Amounts payable | 17/49 | €94,894 | €61,888 | -€33,006 | -34.8% |
| Amounts payable after more than one year | 17 | €13,994 | €2,045 | -€11,948 | -85.4% |
| Financial debts | 170/4 | €13,994 | €2,045 | -€11,948 | -85.4% |
| Amounts payable within one year | 42/48 | €80,900 | €59,843 | -€21,058 | -26.0% |
| Current portion of amounts payable after more than one year | 42 | €16,800 | €11,948 | -€4,852 | -28.9% |
| Trade debts | 44 | €30,199 | €18,873 | -€11,326 | -37.5% |
| Suppliers | 440/4 | €30,199 | €18,873 | -€11,326 | -37.5% |
| Taxes, remuneration and social security | 45 | €15,028 | €11,541 | -€3,487 | -23.2% |
| Taxes | 450/3 | €7,145 | €6,568 | -€576 | -8.1% |
| Remuneration and social security | 454/9 | €7,883 | €4,973 | -€2,911 | -36.9% |
| Other amounts payable | 47/48 | €18,873 | €17,480 | -€1,393 | -7.4% |
| Remuneration, social security and pensions | 62 | €77,255 | €85,205 | +€7,950 | +10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,684 | €49,260 | +€2,575 | +5.5% |
| Other operating charges | 640/8 | €1,048 | €1,079 | +€31 | +3.0% |
| Gross operating margin | 9900 | €148,044 | €145,107 | -€2,936 | -2.0% |
| Operating profit (loss) | 9901 | €23,056 | €9,563 | -€13,492 | -58.5% |
| Financial income | 75/76B | €948 | €1,267 | +€318 | +33.5% |
| Recurring financial income | 75 | €948 | €1,267 | +€318 | +33.5% |
| Financial charges | 65/66B | €2,614 | €1,299 | -€1,315 | -50.3% |
| Recurring financial charges | 65 | €2,614 | €1,299 | -€1,315 | -50.3% |
| Profit (loss) for the period before taxes | 9903 | €21,390 | €9,531 | -€11,859 | -55.4% |
| Income taxes | 67/77 | €6,626 | €3,867 | -€2,759 | -41.6% |
| Profit (loss) for the period | 9904 | €14,764 | €5,664 | -€9,100 | -61.6% |
| Profit (loss) for the period to be appropriated | 9905 | €14,764 | €5,664 | -€9,100 | -61.6% |
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 14 October 2026 via checked.be.