Trendmakers: 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.
Trendmakers
Largest movements
- Tangible fixed assets -€3,412
down €3,412 (-6.4%), from €53,470 to €50,058
of which Land and buildings: -€3,412
- Cash +€2,890
up €2,890 (+3.7%), from €77,684 to €80,574
mainly Net result for the year (+€4,629) and Depreciation (+€3,412)
- Receivables within one year +€1,513
new in 2025: €1,513
of which Other amounts receivable: +€1,111
- Reserves +€4,629
up €4,629 (+14.4%), from €32,187 to €36,817
- Trade debts -€2,147
down €2,147 (-84.5%), from €2,539 to €393
- Gross operating margin -€3,048
down €3,048 (-17.5%), from €17,380 to €14,332
- Taxes -€657
down €657 (-25.8%), from €2,546 to €1,889
- Financial charges -€501
down €501 (-71.8%), from €699 to €197
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 | €139,597 | €141,465 | +€1,868 | +1.3% |
| Fixed assets | 21/28 | €53,470 | €50,058 | -€3,412 | -6.4% |
| Tangible fixed assets | 22/27 | €53,470 | €50,058 | -€3,412 | -6.4% |
| Land and buildings | 22 | €53,470 | €50,058 | -€3,412 | -6.4% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Current assets | 29/58 | €86,128 | €91,407 | +€5,279 | +6.1% |
| Stocks and contracts in progress | 3 | €8,274 | €9,142 | +€869 | +10.5% |
| Stocks | 30/36 | €8,274 | €9,142 | +€869 | +10.5% |
| Amounts receivable within one year | 40/41 | - | €1,513 | +€1,513 | |
| Trade receivables | 40 | - | €401 | +€401 | |
| Other amounts receivable | 41 | - | €1,111 | +€1,111 | |
| Cash at bank and in hand | 54/58 | €77,684 | €80,574 | +€2,890 | +3.7% |
| Deferred charges and accrued income | 490/1 | €170 | €178 | +€8 | +4.8% |
| Total equity and liabilities | 10/49 | €139,597 | €141,465 | +€1,868 | +1.3% |
| Equity | 10/15 | €133,187 | €137,817 | +€4,629 | +3.5% |
| Contributions | 10/11 | €101,000 | €101,000 | = | 0.0% |
| Reserves | 13 | €32,187 | €36,817 | +€4,629 | +14.4% |
| Distributable reserves | 133 | €32,187 | €36,817 | +€4,629 | +14.4% |
| Amounts payable | 17/49 | €6,410 | €3,648 | -€2,762 | -43.1% |
| Amounts payable within one year | 42/48 | €6,410 | €3,648 | -€2,762 | -43.1% |
| Trade debts | 44 | €2,539 | €393 | -€2,147 | -84.5% |
| Suppliers | 440/4 | €2,539 | €393 | -€2,147 | -84.5% |
| Taxes, remuneration and social security | 45 | €2,752 | €2,584 | -€168 | -6.1% |
| Taxes | 450/3 | €2,752 | €2,584 | -€168 | -6.1% |
| Other amounts payable | 47/48 | €1,119 | €671 | -€447 | -40.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,520 | €3,412 | -€108 | -3.1% |
| Other operating charges | 640/8 | €4,071 | €4,205 | +€134 | +3.3% |
| Gross operating margin | 9900 | €17,380 | €14,332 | -€3,048 | -17.5% |
| Operating profit (loss) | 9901 | €9,790 | €6,715 | -€3,074 | -31.4% |
| Financial income | 75/76B | €0 | €0 | -€0 | -45.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -45.0% |
| Financial charges | 65/66B | €699 | €197 | -€501 | -71.8% |
| Recurring financial charges | 65 | €699 | €197 | -€501 | -71.8% |
| Profit (loss) for the period before taxes | 9903 | €9,091 | €6,518 | -€2,573 | -28.3% |
| Income taxes | 67/77 | €2,546 | €1,889 | -€657 | -25.8% |
| Profit (loss) for the period | 9904 | €6,545 | €4,629 | -€1,916 | -29.3% |
| Profit (loss) for the period to be appropriated | 9905 | €6,545 | €4,629 | -€1,916 | -29.3% |
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 13 October 2026 via checked.be.