TRENDSON: 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.
TRENDSON
Largest movements
- Stocks and contracts -€192,868
down €192,868 (-39.4%), from €489,175 to €296,307
- Cash -€13,737
down €13,737 (-68.4%), from €20,090 to €6,353
mainly Short-term financial debts (-€270,000) and Net result for the year (-€176,142)
- Tangible fixed assets -€6,817
down €6,817 (-62.3%), from €10,943 to €4,126
of which Furniture and vehicles: -€3,696
- Debts after one year +€319,444
up €319,444 (+449.0%), from €71,151 to €390,596
of which Other amounts payable: +€369,596
- Short-term financial debts -€270,000
down €270,000 (-100.0%), from €270,013 to €13
- Profit (loss) carried forward -€176,142
down €176,142 (-88.9%), from -€198,165 to -€374,307
- Other debts -€34,968
down €34,968 (-100.0%), from €34,968 to €0
- Trade debts -€24,750
down €24,750 (-36.9%), from €67,046 to €42,296
- Gross operating margin -€99,314
down €99,314 (-93.7%), from €105,974 to €6,660
- Staff costs +€12,072
up €12,072 (+8.8%), from €136,848 to €148,920
- Depreciation -€3,506
down €3,506 (-31.7%), from €11,073 to €7,567
- Financial charges +€3,219
up €3,219 (+22.7%), from €14,151 to €17,371
- Other operating charges -€1,459
down €1,459 (-14.0%), from €10,453 to €8,995
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 | €538,107 | €320,630 | -€217,476 | -40.4% |
| Fixed assets | 21/28 | €12,085 | €4,519 | -€7,567 | -62.6% |
| Intangible fixed assets | 21 | €1,142 | €392 | -€750 | -65.6% |
| Tangible fixed assets | 22/27 | €10,943 | €4,126 | -€6,817 | -62.3% |
| Land and buildings | 22 | €2,810 | €1,230 | -€1,580 | -56.2% |
| Plant, machinery and equipment | 23 | €4,188 | €2,647 | -€1,540 | -36.8% |
| Furniture and vehicles | 24 | €3,945 | €249 | -€3,696 | -93.7% |
| Current assets | 29/58 | €526,022 | €316,112 | -€209,910 | -39.9% |
| Stocks and contracts in progress | 3 | €489,175 | €296,307 | -€192,868 | -39.4% |
| Stocks | 30/36 | €489,175 | €296,307 | -€192,868 | -39.4% |
| Amounts receivable within one year | 40/41 | €12,403 | €9,199 | -€3,204 | -25.8% |
| Trade receivables | 40 | €12,237 | €8,521 | -€3,716 | -30.4% |
| Other amounts receivable | 41 | €167 | €678 | +€512 | +307.0% |
| Cash at bank and in hand | 54/58 | €20,090 | €6,353 | -€13,737 | -68.4% |
| Deferred charges and accrued income | 490/1 | €4,353 | €4,253 | -€100 | -2.3% |
| Total equity and liabilities | 10/49 | €538,107 | €320,630 | -€217,476 | -40.4% |
| Equity | 10/15 | €44,328 | -€131,813 | -€176,142 | |
| Contributions | 10/11 | €220,000 | €220,000 | = | 0.0% |
| Capital | 10 | €220,000 | €220,000 | = | 0.0% |
| Issued capital | 100 | €220,000 | €220,000 | = | 0.0% |
| Reserves | 13 | €22,493 | €22,493 | = | 0.0% |
| Non-distributable reserves | 130/1 | €22,000 | €22,000 | = | 0.0% |
| Legal reserve | 130 | €22,000 | €22,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €493 | €493 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€198,165 | -€374,307 | -€176,142 | -88.9% |
| Amounts payable | 17/49 | €493,778 | €452,444 | -€41,335 | -8.4% |
| Amounts payable after more than one year | 17 | €71,151 | €390,596 | +€319,444 | +449.0% |
| Financial debts | 170/4 | €50,151 | €0 | -€50,151 | -100.0% |
| Other amounts payable | 178/9 | €21,000 | €390,596 | +€369,596 | +1760.0% |
| Amounts payable within one year | 42/48 | €422,627 | €61,848 | -€360,779 | -85.4% |
| Current portion of amounts payable after more than one year | 42 | €12,181 | €0 | -€12,181 | -100.0% |
| Financial debts | 43 | €270,013 | €13 | -€270,000 | -100.0% |
| Credit institutions | 430/8 | €270,013 | €13 | -€270,000 | -100.0% |
| Trade debts | 44 | €67,046 | €42,296 | -€24,750 | -36.9% |
| Suppliers | 440/4 | €67,046 | €42,296 | -€24,750 | -36.9% |
| Advances received on contracts in progress | 46 | €176 | €30 | -€146 | -83.0% |
| Taxes, remuneration and social security | 45 | €38,242 | €19,509 | -€18,733 | -49.0% |
| Taxes | 450/3 | €18,898 | €19,509 | +€611 | +3.2% |
| Remuneration and social security | 454/9 | €19,345 | €0 | -€19,345 | -100.0% |
| Other amounts payable | 47/48 | €34,968 | €0 | -€34,968 | -100.0% |
| Non-recurring operating income | 76A | - | €826 | +€826 | |
| Remuneration, social security and pensions | 62 | €136,848 | €148,920 | +€12,072 | +8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,073 | €7,567 | -€3,506 | -31.7% |
| Other operating charges | 640/8 | €10,453 | €8,995 | -€1,459 | -14.0% |
| Gross operating margin | 9900 | €105,974 | €6,660 | -€99,314 | -93.7% |
| Operating profit (loss) | 9901 | -€52,400 | -€158,821 | -€106,421 | -203.1% |
| Financial income | 75/76B | €235 | €366 | +€130 | +55.5% |
| Recurring financial income | 75 | €235 | €366 | +€130 | +55.5% |
| Financial charges | 65/66B | €14,151 | €17,371 | +€3,219 | +22.7% |
| Recurring financial charges | 65 | €14,151 | €17,371 | +€3,219 | +22.7% |
| Profit (loss) for the period before taxes | 9903 | -€66,316 | -€175,826 | -€109,510 | -165.1% |
| Income taxes | 67/77 | €541 | €316 | -€225 | -41.6% |
| Profit (loss) for the period | 9904 | -€66,857 | -€176,142 | -€109,285 | -163.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€66,857 | -€176,142 | -€109,285 | -163.5% |
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 12 October 2026 via checked.be.