TREN'D'ECO: what changed
What changed
TREN'D'ECO
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€98,275
2024 · €75,031+€23,244
Equity
€393,169
2024 · €456,382-€63,213
Cash
€30,394
2024 · €31,042-€648
Balance sheet total
€875,592
2024 · €932,313-€56,721
Largest movements
Assets
- Receivables within one year -€57,843
down €57,843 (-23.5%), from €246,596 to €188,753
of which Other amounts receivable: -€66,824
- Current investments -€28,333
down €28,333 (-28.8%), from €98,333 to €70,000
- Tangible fixed assets +€15,758
up €15,758 (+3.1%), from €507,017 to €522,775
of which Land and buildings: +€37,752
- Deferred charges and accrued income +€14,005
up €14,005 (+71.2%), from €19,665 to €33,670
Equity and liabilities
- Reserves -€63,213
down €63,213 (-14.4%), from €437,782 to €374,569
- Trade debts +€45,580
up €45,580 (+126%), from €36,083 to €81,663
- Debts after one year -€33,751
down €33,751 (-10.0%), from €336,925 to €303,173
- Current portion of long-term debt -€20,616
down €20,616 (-26.6%), from €77,447 to €56,831
Income statement
- Gross operating margin +€21,826
up €21,826 (+11.5%), from €190,137 to €211,963
- Other operating charges -€7,409
down €7,409 (-75.2%), from €9,855 to €2,446
- Staff costs +€5,335
up €5,335 (+29.6%), from €18,018 to €23,354
- Depreciation +€5,284
up €5,284 (+15.0%), from €35,221 to €40,505
- Taxes -€3,913
down €3,913 (-7.2%), from €54,700 to €50,786
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€75,031
Gross operating margin
+€21,826
Staff costs
-€5,335
Depreciation
-€5,284
Other operating charges
+€7,409
Financial income
-€408
Financial charges
+€1,123
Taxes
+€3,913
Result 2025
€98,275
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€240,947
Investment
-€27,930
Financing
-€213,666
Cash 2024
€31,042
From operations (derived)
+€240,947
Net result for the year
+€98,275
Depreciation
+€40,505
Smaller working-capital items
-€376
Receivables within one year
+€57,843
Deferred charges and accrued income
-€14,005
Trade debts
+€45,580
Tax, wage and social debts
+€5,889
Advances received
+€7,236
Investment (derived)
-€27,930
Investment in fixed assets (net)
-€56,262
Current investments
+€28,333
Financing
-€213,666
Debts after one year
-€33,751
Current portion of long-term debt
-€20,616
Short-term financial debts
+€2,190
Contributions, distributions and other
-€161,489
Cash 2025
€30,394
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €932,313 | €875,592 | -€56,721 | -6.1% |
| Fixed assets | 21/28 | €507,017 | €522,775 | +€15,758 | +3.1% |
| Tangible fixed assets | 22/27 | €507,017 | €522,775 | +€15,758 | +3.1% |
| Land and buildings | 22 | €19,215 | €56,967 | +€37,752 | +196% |
| Furniture and vehicles | 24 | €66,021 | €59,134 | -€6,887 | -10.4% |
| Other tangible fixed assets | 26 | €421,781 | €406,674 | -€15,107 | -3.6% |
| Current assets | 29/58 | €425,296 | €352,817 | -€72,479 | -17.0% |
| Amounts receivable after more than one year | 29 | €29,660 | €30,000 | +€340 | +1.1% |
| Trade receivables | 290 | €29,660 | €30,000 | +€340 | +1.1% |
| Amounts receivable within one year | 40/41 | €246,596 | €188,753 | -€57,843 | -23.5% |
| Trade receivables | 40 | €35,913 | €44,894 | +€8,981 | +25.0% |
| Other amounts receivable | 41 | €210,683 | €143,858 | -€66,824 | -31.7% |
| Current investments | 50/53 | €98,333 | €70,000 | -€28,333 | -28.8% |
| Cash at bank and in hand | 54/58 | €31,042 | €30,394 | -€648 | -2.1% |
| Deferred charges and accrued income | 490/1 | €19,665 | €33,670 | +€14,005 | +71.2% |
| Total equity and liabilities | 10/49 | €932,313 | €875,592 | -€56,721 | -6.1% |
| Equity | 10/15 | €456,382 | €393,169 | -€63,213 | -13.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €437,782 | €374,569 | -€63,213 | -14.4% |
| Distributable reserves | 133 | €437,782 | €374,569 | -€63,213 | -14.4% |
| Amounts payable | 17/49 | €475,931 | €482,424 | +€6,492 | +1.4% |
| Amounts payable after more than one year | 17 | €336,925 | €303,173 | -€33,751 | -10.0% |
| Financial debts | 170/4 | €336,925 | €303,173 | -€33,751 | -10.0% |
| Amounts payable within one year | 42/48 | €139,006 | €179,250 | +€40,244 | +29.0% |
| Current portion of amounts payable after more than one year | 42 | €77,447 | €56,831 | -€20,616 | -26.6% |
| Financial debts | 43 | €649 | €2,839 | +€2,190 | +338% |
| Credit institutions | 430/8 | €649 | €2,839 | +€2,190 | +338% |
| Trade debts | 44 | €36,083 | €81,663 | +€45,580 | +126% |
| Suppliers | 440/4 | €36,083 | €81,663 | +€45,580 | +126% |
| Advances received on contracts in progress | 46 | - | €7,236 | +€7,236 | |
| Taxes, remuneration and social security | 45 | €23,641 | €29,530 | +€5,889 | +24.9% |
| Taxes | 450/3 | €16,492 | €21,904 | +€5,412 | +32.8% |
| Remuneration and social security | 454/9 | €7,149 | €7,626 | +€477 | +6.7% |
| Other amounts payable | 47/48 | €1,187 | €1,151 | -€36 | -3.0% |
| Remuneration, social security and pensions | 62 | €18,018 | €23,354 | +€5,335 | +29.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,221 | €40,505 | +€5,284 | +15.0% |
| Other operating charges | 640/8 | €9,855 | €2,446 | -€7,409 | -75.2% |
| Gross operating margin | 9900 | €190,137 | €211,963 | +€21,826 | +11.5% |
| Operating profit (loss) | 9901 | €127,043 | €145,659 | +€18,616 | +14.7% |
| Financial income | 75/76B | €12,983 | €12,574 | -€408 | -3.1% |
| Recurring financial income | 75 | €12,983 | €12,574 | -€408 | -3.1% |
| Financial charges | 65/66B | €10,295 | €9,172 | -€1,123 | -10.9% |
| Recurring financial charges | 65 | €10,295 | €9,172 | -€1,123 | -10.9% |
| Profit (loss) for the period before taxes | 9903 | €129,731 | €149,061 | +€19,331 | +14.9% |
| Income taxes | 67/77 | €54,700 | €50,786 | -€3,913 | -7.2% |
| Profit (loss) for the period | 9904 | €75,031 | €98,275 | +€23,244 | +31.0% |
| Profit (loss) for the period to be appropriated | 9905 | €75,031 | €98,275 | +€23,244 | +31.0% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.