TRENDEX INTERNATIONAL: 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.
TRENDEX INTERNATIONAL
Largest movements
- Stocks and contracts -€378,423
down €378,423 (-51.6%), from €732,960 to €354,537
- Tangible fixed assets -€184,670
down €184,670 (-17.9%), from €1.0m to €844,798
of which Plant, machinery and equipment: -€133,678
- Receivables within one year +€148,558
up €148,558 (+27.5%), from €540,038 to €688,595
of which Trade receivables: +€161,035
- Cash -€56,322
down €56,322 (-15.3%), from €367,776 to €311,454
mainly Other debts (-€410,210) and Trade debts (-€269,288)
- Other debts -€410,210
down €410,210 (-43.0%), from €954,927 to €544,717
- Trade debts -€269,288
down €269,288 (-33.2%), from €811,109 to €541,821
- Accrued charges and deferred income +€204,329
up €204,329 (+909%), from €22,477 to €226,805
- Gross operating margin +€51,667
up €51,667 (+15.9%), from €325,847 to €377,514
- Financial charges +€32,679
up €32,679 (+131%), from €25,022 to €57,701
- Depreciation +€8,384
up €8,384 (+3.6%), from €234,043 to €242,427
- Taxes +€4,240
up €4,240 (+65.6%), from €6,466 to €10,706
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 | €2,688,887 | €2,218,915 | -€469,972 | -17.5% |
| Fixed assets | 21/28 | €1,034,462 | €848,123 | -€186,340 | -18.0% |
| Intangible fixed assets | 21 | €3,871 | €2,201 | -€1,670 | -43.1% |
| Tangible fixed assets | 22/27 | €1,029,468 | €844,798 | -€184,670 | -17.9% |
| Land and buildings | 22 | €400,497 | €392,717 | -€7,780 | -1.9% |
| Plant, machinery and equipment | 23 | €451,368 | €317,690 | -€133,678 | -29.6% |
| Furniture and vehicles | 24 | €144,918 | €112,495 | -€32,423 | -22.4% |
| Leasing and similar rights | 25 | €27,167 | €17,195 | -€9,972 | -36.7% |
| Other tangible fixed assets | 26 | €5,518 | €4,701 | -€816 | -14.8% |
| Financial fixed assets | 28 | €1,124 | €1,124 | = | 0.0% |
| Current assets | 29/58 | €1,654,424 | €1,370,792 | -€283,632 | -17.1% |
| Stocks and contracts in progress | 3 | €732,960 | €354,537 | -€378,423 | -51.6% |
| Stocks | 30/36 | €732,960 | €354,537 | -€378,423 | -51.6% |
| Amounts receivable within one year | 40/41 | €540,038 | €688,595 | +€148,558 | +27.5% |
| Trade receivables | 40 | €177,937 | €338,972 | +€161,035 | +90.5% |
| Other amounts receivable | 41 | €362,100 | €349,623 | -€12,477 | -3.4% |
| Cash at bank and in hand | 54/58 | €367,776 | €311,454 | -€56,322 | -15.3% |
| Deferred charges and accrued income | 490/1 | €13,651 | €16,206 | +€2,555 | +18.7% |
| Total equity and liabilities | 10/49 | €2,688,887 | €2,218,915 | -€469,972 | -17.5% |
| Equity | 10/15 | €860,151 | €883,919 | +€23,768 | +2.8% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | €50,000 | €50,000 | = | 0.0% |
| Distributable reserves | 133 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €310,151 | €333,919 | +€23,768 | +7.7% |
| Amounts payable | 17/49 | €1,828,735 | €1,334,996 | -€493,740 | -27.0% |
| Amounts payable after more than one year | 17 | €14,288 | €5,790 | -€8,498 | -59.5% |
| Financial debts | 170/4 | €14,288 | €5,790 | -€8,498 | -59.5% |
| Amounts payable within one year | 42/48 | €1,791,971 | €1,102,401 | -€689,570 | -38.5% |
| Current portion of amounts payable after more than one year | 42 | €8,278 | €8,498 | +€219 | +2.7% |
| Financial debts | 43 | €14,723 | €5,880 | -€8,843 | -60.1% |
| Credit institutions | 430/8 | €14,723 | €5,880 | -€8,843 | -60.1% |
| Trade debts | 44 | €811,109 | €541,821 | -€269,288 | -33.2% |
| Suppliers | 440/4 | €811,109 | €541,821 | -€269,288 | -33.2% |
| Taxes, remuneration and social security | 45 | €2,934 | €1,485 | -€1,449 | -49.4% |
| Taxes | 450/3 | €2,934 | €1,485 | -€1,449 | -49.4% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €954,927 | €544,717 | -€410,210 | -43.0% |
| Accrued charges and deferred income | 492/3 | €22,477 | €226,805 | +€204,329 | +909% |
| Non-recurring operating income | 76A | €41,467 | €0 | -€41,467 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €234,043 | €242,427 | +€8,384 | +3.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,290 | €4,290 | = | 0.0% |
| Other operating charges | 640/8 | €16,530 | €19,156 | +€2,626 | +15.9% |
| Gross operating margin | 9900 | €325,847 | €377,514 | +€51,667 | +15.9% |
| Operating profit (loss) | 9901 | €70,983 | €111,641 | +€40,658 | +57.3% |
| Financial income | 75/76B | €15,663 | €15,534 | -€129 | -0.8% |
| Recurring financial income | 75 | €15,663 | €15,534 | -€129 | -0.8% |
| Financial charges | 65/66B | €25,022 | €57,701 | +€32,679 | +131% |
| Recurring financial charges | 65 | €25,022 | €57,701 | +€32,679 | +131% |
| Profit (loss) for the period before taxes | 9903 | €61,624 | €69,474 | +€7,850 | +12.7% |
| Transfer from deferred taxes | 780 | €0 | - | = | |
| Income taxes | 67/77 | €6,466 | €10,706 | +€4,240 | +65.6% |
| Profit (loss) for the period | 9904 | €55,158 | €58,768 | +€3,610 | +6.5% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €55,158 | €58,768 | +€3,610 | +6.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.