TRENDOO: what changed
Two fiscal 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.
TRENDOO
Largest movements
- Receivables within one year -€31,191
down €31,191 (-40.2%), from €77,527 to €46,336
of which Trade receivables: -€22,990
- Tangible fixed assets -€15,810
down €15,810 (-25.8%), from €61,275 to €45,465
- Cash +€2,934
up €2,934 (+105.1%), from €2,790 to €5,724
mainly Net result for the year (+€72,151) and Receivables within one year (+€31,191)
- Other debts -€93,209
down €93,209 (-31.9%), from €292,069 to €198,860
- Profit (loss) carried forward +€72,151
up €72,151 (+26.6%), from -€271,316 to -€199,165
- Tax, wage and social debts -€13,966
down €13,966 (-49.6%), from €28,171 to €14,205
- Debts after one year -€8,547
down €8,547 (-30.8%), from €27,715 to €19,169
- Financial charges -€478,479
down €478,479 (-99.6%), from €480,253 to €1,775
of which Non-recurring financial charges: -€477,993
- Gross operating margin +€63,356
up €63,356 (+119.5%), from €53,035 to €116,390
- Taxes +€18,015
up €18,015 (+237.1%), from €7,600 to €25,614
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.
Cash bridge derived
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 | €142,665 | €98,675 | -€43,990 | -30.8% |
| Fixed assets | 21/28 | €61,296 | €45,486 | -€15,810 | -25.8% |
| Tangible fixed assets | 22/27 | €61,275 | €45,465 | -€15,810 | -25.8% |
| Furniture and vehicles | 24 | €61,275 | €45,465 | -€15,810 | -25.8% |
| Financial fixed assets | 28 | €21 | €21 | = | 0.0% |
| Current assets | 29/58 | €81,369 | €53,189 | -€28,180 | -34.6% |
| Amounts receivable within one year | 40/41 | €77,527 | €46,336 | -€31,191 | -40.2% |
| Trade receivables | 40 | €39,930 | €16,940 | -€22,990 | -57.6% |
| Other amounts receivable | 41 | €37,597 | €29,396 | -€8,201 | -21.8% |
| Cash at bank and in hand | 54/58 | €2,790 | €5,724 | +€2,934 | +105.1% |
| Deferred charges and accrued income | 490/1 | €1,052 | €1,130 | +€77 | +7.4% |
| Total equity and liabilities | 10/49 | €142,665 | €98,675 | -€43,990 | -30.8% |
| Equity | 10/15 | -€214,502 | -€142,351 | +€72,151 | +33.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €50,614 | €50,614 | = | 0.0% |
| Distributable reserves | 133 | €50,614 | €50,614 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€271,316 | -€199,165 | +€72,151 | +26.6% |
| Amounts payable | 17/49 | €357,167 | €241,026 | -€116,141 | -32.5% |
| Amounts payable after more than one year | 17 | €27,715 | €19,169 | -€8,547 | -30.8% |
| Financial debts | 170/4 | €27,715 | €19,169 | -€8,547 | -30.8% |
| Amounts payable within one year | 42/48 | €329,452 | €221,858 | -€107,594 | -32.7% |
| Current portion of amounts payable after more than one year | 42 | €8,149 | €8,547 | +€398 | +4.9% |
| Trade debts | 44 | €1,064 | €247 | -€817 | -76.8% |
| Suppliers | 440/4 | €1,064 | €247 | -€817 | -76.8% |
| Taxes, remuneration and social security | 45 | €28,171 | €14,205 | -€13,966 | -49.6% |
| Taxes | 450/3 | €28,171 | €14,205 | -€13,966 | -49.6% |
| Other amounts payable | 47/48 | €292,069 | €198,860 | -€93,209 | -31.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,392 | €17,074 | +€682 | +4.2% |
| Other operating charges | 640/8 | €874 | €779 | -€95 | -10.9% |
| Gross operating margin | 9900 | €53,035 | €116,390 | +€63,356 | +119.5% |
| Operating profit (loss) | 9901 | €35,769 | €98,537 | +€62,769 | +175.5% |
| Financial income | 75/76B | €151 | €1,002 | +€851 | +564.2% |
| Recurring financial income | 75 | €151 | €1,002 | +€851 | +564.2% |
| Financial charges | 65/66B | €480,253 | €1,775 | -€478,479 | -99.6% |
| Recurring financial charges | 65 | €2,261 | €1,775 | -€486 | -21.5% |
| Non-recurring financial charges | 66B | €477,993 | - | -€477,993 | |
| Profit (loss) for the period before taxes | 9903 | -€444,333 | €97,765 | +€542,099 | |
| Income taxes | 67/77 | €7,600 | €25,614 | +€18,015 | +237.1% |
| Profit (loss) for the period | 9904 | -€451,933 | €72,151 | +€524,084 | |
| Profit (loss) for the period to be appropriated | 9905 | -€451,933 | €72,151 | +€524,084 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.