TRENDOLOGY: what changed
TRENDOLOGY
Largest movements
- Cash +€10,100
up €10,100 (+34.5%), from €29,238 to €39,338
mainly Other debts (+€4,851) and Trade debts (+€2,313)
- Stocks and contracts -€750
down €750 (-4.7%), from €15,934 to €15,184
- Other debts +€4,851
up €4,851 (+37.3%), from €13,019 to €17,870
- Trade debts +€2,313
up €2,313 (+1,524%), from €152 to €2,465
- Tax, wage and social debts +€1,335
up €1,335 (+179%), from €747 to €2,082
- Depreciation -€2,757
no longer reported in 2025 (was €2,757)
- Gross operating margin +€1,277
up €1,277 (+327%), from €391 to €1,668
- Financial income -€194
down €194 (-97.0%), from €200 to €6
- Financial charges +€181
up €181 (+46.3%), from €392 to €574
- Other operating charges +€65
up €65 (+12.8%), from €506 to €571
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 | €46,489 | €55,517 | +€9,028 | +19.4% |
| Current assets | 29/58 | €46,489 | €55,517 | +€9,028 | +19.4% |
| Stocks and contracts in progress | 3 | €15,934 | €15,184 | -€750 | -4.7% |
| Stocks | 30/36 | €15,934 | €15,184 | -€750 | -4.7% |
| Amounts receivable within one year | 40/41 | €1,317 | €995 | -€322 | -24.5% |
| Trade receivables | 40 | €1,317 | €995 | -€322 | -24.5% |
| Cash at bank and in hand | 54/58 | €29,238 | €39,338 | +€10,100 | +34.5% |
| Total equity and liabilities | 10/49 | €46,489 | €55,517 | +€9,028 | +19.4% |
| Equity | 10/15 | €32,571 | €33,101 | +€529 | +1.6% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Contributions outside capital | 11 | €20,460 | €20,460 | = | 0.0% |
| Other | 1109/19 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €15,700 | €15,700 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,500 | €6,500 | = | 0.0% |
| Distributable reserves | 133 | €9,200 | €9,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,589 | -€3,059 | +€529 | +14.7% |
| Amounts payable | 17/49 | €13,917 | €22,416 | +€8,498 | +61.1% |
| Amounts payable within one year | 42/48 | €13,917 | €22,416 | +€8,498 | +61.1% |
| Trade debts | 44 | €152 | €2,465 | +€2,313 | +1,524% |
| Suppliers | 440/4 | €152 | €2,465 | +€2,313 | +1,524% |
| Taxes, remuneration and social security | 45 | €747 | €2,082 | +€1,335 | +179% |
| Taxes | 450/3 | €747 | €2,082 | +€1,335 | +179% |
| Other amounts payable | 47/48 | €13,019 | €17,870 | +€4,851 | +37.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,757 | - | -€2,757 | |
| Other operating charges | 640/8 | €506 | €571 | +€65 | +12.8% |
| Gross operating margin | 9900 | €391 | €1,668 | +€1,277 | +327% |
| Operating profit (loss) | 9901 | -€2,873 | €1,097 | +€3,970 | |
| Financial income | 75/76B | €200 | €6 | -€194 | -97.0% |
| Recurring financial income | 75 | €200 | €6 | -€194 | -97.0% |
| Financial charges | 65/66B | €392 | €574 | +€181 | +46.3% |
| Recurring financial charges | 65 | €392 | €574 | +€181 | +46.3% |
| Profit (loss) for the period before taxes | 9903 | -€3,065 | €529 | +€3,594 | |
| Profit (loss) for the period | 9904 | -€3,065 | €529 | +€3,594 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,065 | €529 | +€3,594 |
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 3 November 2026 via checked.be.