TREND FACTORY: what changed
TREND FACTORY
Largest movements
- Receivables within one year -€99,043
down €99,043 (-89.0%), from €111,343 to €12,300
of which Trade receivables: -€98,900
- Tangible fixed assets -€9,825
down €9,825 (-32.5%), from €30,253 to €20,428
of which Other tangible fixed assets: -€6,998
- Stocks and contracts +€8,600
up €8,600 (+2.8%), from €307,281 to €315,881
- Cash +€7,769
up €7,769 (+12.5%), from €61,967 to €69,736
mainly Receivables within one year (+€99,043) and Net result for the year (+€26,202)
- Trade debts -€77,328
down €77,328 (-73.3%), from €105,453 to €28,125
- Profit (loss) carried forward +€26,202
up €26,202 (+104%), from €25,282 to €51,484
- Debts after one year -€23,016
down €23,016 (-24.8%), from €92,870 to €69,854
- Tax, wage and social debts -€11,231
down €11,231 (-18.7%), from €60,056 to €48,825
of which Remuneration and social security: -€12,109
- Other debts -€8,187
down €8,187 (-6.7%), from €122,060 to €113,874
- Staff costs -€34,084
down €34,084 (-72.4%), from €47,079 to €12,994
- Gross operating margin +€11,809
up €11,809 (+23.0%), from €51,292 to €63,101
- Taxes +€3,369
up €3,369, from €0 to €3,369
- Financial income -€3,080
down €3,080 (-22.2%), from €13,879 to €10,798
- Financial charges -€2,348
down €2,348 (-12.8%), from €18,276 to €15,927
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €518,026 | €425,638 | -€92,388 | -17.8% |
| Fixed assets | 21/28 | €30,253 | €20,428 | -€9,825 | -32.5% |
| Tangible fixed assets | 22/27 | €30,253 | €20,428 | -€9,825 | -32.5% |
| Furniture and vehicles | 24 | €6,083 | €3,256 | -€2,827 | -46.5% |
| Other tangible fixed assets | 26 | €24,170 | €17,172 | -€6,998 | -29.0% |
| Current assets | 29/58 | €487,773 | €405,210 | -€82,563 | -16.9% |
| Stocks and contracts in progress | 3 | €307,281 | €315,881 | +€8,600 | +2.8% |
| Stocks | 30/36 | €307,281 | €315,881 | +€8,600 | +2.8% |
| Amounts receivable within one year | 40/41 | €111,343 | €12,300 | -€99,043 | -89.0% |
| Trade receivables | 40 | €102,315 | €3,415 | -€98,900 | -96.7% |
| Other amounts receivable | 41 | €9,028 | €8,885 | -€142 | -1.6% |
| Current investments | 50/53 | €3,709 | €3,729 | +€19 | +0.5% |
| Cash at bank and in hand | 54/58 | €61,967 | €69,736 | +€7,769 | +12.5% |
| Deferred charges and accrued income | 490/1 | €3,473 | €3,565 | +€92 | +2.6% |
| Total equity and liabilities | 10/49 | €518,026 | €425,638 | -€92,388 | -17.8% |
| Equity | 10/15 | €45,742 | €71,944 | +€26,202 | +57.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,282 | €51,484 | +€26,202 | +104% |
| Amounts payable | 17/49 | €472,283 | €353,693 | -€118,590 | -25.1% |
| Amounts payable after more than one year | 17 | €92,870 | €69,854 | -€23,016 | -24.8% |
| Financial debts | 170/4 | €92,870 | €69,854 | -€23,016 | -24.8% |
| Amounts payable within one year | 42/48 | €379,414 | €283,839 | -€95,575 | -25.2% |
| Current portion of amounts payable after more than one year | 42 | €21,845 | €23,016 | +€1,171 | +5.4% |
| Financial debts | 43 | €70,000 | €70,000 | = | 0.0% |
| Credit institutions | 430/8 | €70,000 | €70,000 | = | 0.0% |
| Trade debts | 44 | €105,453 | €28,125 | -€77,328 | -73.3% |
| Suppliers | 440/4 | €105,453 | €28,125 | -€77,328 | -73.3% |
| Taxes, remuneration and social security | 45 | €60,056 | €48,825 | -€11,231 | -18.7% |
| Taxes | 450/3 | €39,901 | €40,780 | +€878 | +2.2% |
| Remuneration and social security | 454/9 | €20,154 | €8,045 | -€12,109 | -60.1% |
| Other amounts payable | 47/48 | €122,060 | €113,874 | -€8,187 | -6.7% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €47,079 | €12,994 | -€34,084 | -72.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,407 | €14,374 | -€1,033 | -6.7% |
| Other operating charges | 640/8 | €1,035 | €1,033 | -€2 | -0.2% |
| Gross operating margin | 9900 | €51,292 | €63,101 | +€11,809 | +23.0% |
| Operating profit (loss) | 9901 | -€12,228 | €34,701 | +€46,929 | |
| Financial income | 75/76B | €13,879 | €10,798 | -€3,080 | -22.2% |
| Recurring financial income | 75 | €13,879 | €10,798 | -€3,080 | -22.2% |
| Financial charges | 65/66B | €18,276 | €15,927 | -€2,348 | -12.8% |
| Recurring financial charges | 65 | €18,276 | €15,927 | -€2,348 | -12.8% |
| Profit (loss) for the period before taxes | 9903 | -€16,625 | €29,572 | +€46,197 | |
| Income taxes | 67/77 | €0 | €3,369 | +€3,369 | |
| Profit (loss) for the period | 9904 | -€16,625 | €26,202 | +€42,827 | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,625 | €26,202 | +€42,827 |
Next steps
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 1 November 2026 via checked.be.