TREND MICRO BELGIUM: 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.
TREND MICRO BELGIUM
Largest movements
- Receivables within one year +€342,566
up €342,566 (+33.9%), from €1.0m to €1.4m
of which Trade receivables: +€335,241
- Cash -€78,336
down €78,336 (-46.0%), from €170,462 to €92,126
mainly Receivables within one year (-€342,566) and Tax, wage and social debts (-€8,172)
- Trade debts +€241,124
up €241,124 (+24.1%), from €998,768 to €1.2m
- Other debts +€22,078
new in 2025: €22,078
- Gross operating margin -€14,969
down €14,969 (-5.8%), from €259,071 to €244,102
- Staff costs -€14,103
down €14,103 (-5.9%), from €240,915 to €226,811
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 | €1,181,365 | €1,445,610 | +€264,245 | +22.4% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €1,181,365 | €1,445,610 | +€264,245 | +22.4% |
| Amounts receivable within one year | 40/41 | €1,010,568 | €1,353,134 | +€342,566 | +33.9% |
| Trade receivables | 40 | €994,331 | €1,329,572 | +€335,241 | +33.7% |
| Other amounts receivable | 41 | €16,236 | €23,561 | +€7,325 | +45.1% |
| Cash at bank and in hand | 54/58 | €170,462 | €92,126 | -€78,336 | -46.0% |
| Deferred charges and accrued income | 490/1 | €335 | €350 | +€15 | +4.4% |
| Total equity and liabilities | 10/49 | €1,181,365 | €1,445,610 | +€264,245 | +22.4% |
| Equity | 10/15 | €113,960 | €123,206 | +€9,246 | +8.1% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,960 | €48,206 | +€9,246 | +23.7% |
| Amounts payable | 17/49 | €1,067,405 | €1,322,404 | +€254,999 | +23.9% |
| Amounts payable within one year | 42/48 | €1,067,276 | €1,322,306 | +€255,030 | +23.9% |
| Trade debts | 44 | €998,768 | €1,239,892 | +€241,124 | +24.1% |
| Suppliers | 440/4 | €998,768 | €1,239,892 | +€241,124 | +24.1% |
| Taxes, remuneration and social security | 45 | €68,508 | €60,336 | -€8,172 | -11.9% |
| Taxes | 450/3 | €3,644 | €7,445 | +€3,801 | +104% |
| Remuneration and social security | 454/9 | €64,864 | €52,891 | -€11,973 | -18.5% |
| Other amounts payable | 47/48 | - | €22,078 | +€22,078 | |
| Accrued charges and deferred income | 492/3 | €129 | €98 | -€31 | -23.8% |
| Remuneration, social security and pensions | 62 | €240,915 | €226,811 | -€14,103 | -5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €265 | €0 | -€265 | -100% |
| Other operating charges | 640/8 | - | €456 | +€456 | |
| Gross operating margin | 9900 | €259,071 | €244,102 | -€14,969 | -5.8% |
| Operating profit (loss) | 9901 | €17,891 | €16,835 | -€1,056 | -5.9% |
| Financial income | 75/76B | €3,318 | €1,033 | -€2,284 | -68.9% |
| Recurring financial income | 75 | €3,318 | €1,033 | -€2,284 | -68.9% |
| Financial charges | 65/66B | €2,278 | €3,052 | +€774 | +34.0% |
| Recurring financial charges | 65 | €2,278 | €3,052 | +€774 | +34.0% |
| Profit (loss) for the period before taxes | 9903 | €18,931 | €14,816 | -€4,115 | -21.7% |
| Income taxes | 67/77 | €7,646 | €5,570 | -€2,076 | -27.2% |
| Profit (loss) for the period | 9904 | €11,285 | €9,246 | -€2,039 | -18.1% |
| Profit (loss) for the period to be appropriated | 9905 | €11,285 | €9,246 | -€2,039 | -18.1% |
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 28 October 2026 via checked.be.