Trent: 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.
Trent
Largest movements
- Tangible fixed assets -€33,938
down €33,938 (-7.2%), from €468,781 to €434,843
of which Land and buildings: -€21,572
- Receivables within one year +€31,339
up €31,339 (+250%), from €12,541 to €43,880
of which Trade receivables: +€28,903
- Reserves +€31,818
up €31,818 (+16.4%), from €193,781 to €225,599
of which Distributable reserves: +€31,818
- Debts after one year -€23,708
down €23,708 (-12.2%), from €194,255 to €170,548
- Current portion of long-term debt -€9,448
down €9,448 (-28.5%), from €33,156 to €23,708
- Gross operating margin +€11,019
up €11,019 (+13.5%), from €81,561 to €92,580
- Financial charges +€2,488
up €2,488 (+36.3%), from €6,848 to €9,337
- Taxes +€1,866
up €1,866 (+16.0%), from €11,680 to €13,547
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 | €523,790 | €521,432 | -€2,358 | -0.5% |
| Fixed assets | 21/28 | €468,781 | €434,843 | -€33,938 | -7.2% |
| Tangible fixed assets | 22/27 | €468,781 | €434,843 | -€33,938 | -7.2% |
| Land and buildings | 22 | €418,157 | €396,585 | -€21,572 | -5.2% |
| Plant, machinery and equipment | 23 | €8,273 | €6,402 | -€1,872 | -22.6% |
| Furniture and vehicles | 24 | €42,351 | €31,857 | -€10,494 | -24.8% |
| Current assets | 29/58 | €55,009 | €86,589 | +€31,581 | +57.4% |
| Stocks and contracts in progress | 3 | €40,500 | €41,500 | +€1,000 | +2.5% |
| Stocks | 30/36 | €40,500 | €41,500 | +€1,000 | +2.5% |
| Amounts receivable within one year | 40/41 | €12,541 | €43,880 | +€31,339 | +250% |
| Trade receivables | 40 | €6,369 | €35,272 | +€28,903 | +454% |
| Other amounts receivable | 41 | €6,172 | €8,608 | +€2,437 | +39.5% |
| Cash at bank and in hand | 54/58 | €1,404 | - | -€1,404 | |
| Deferred charges and accrued income | 490/1 | €564 | €1,209 | +€645 | +115% |
| Total equity and liabilities | 10/49 | €523,790 | €521,432 | -€2,358 | -0.5% |
| Equity | 10/15 | €199,981 | €231,799 | +€31,818 | +15.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €193,781 | €225,599 | +€31,818 | +16.4% |
| Tax-exempt reserves | 132 | €23,000 | €23,000 | = | 0.0% |
| Distributable reserves | 133 | €170,781 | €202,599 | +€31,818 | +18.6% |
| Amounts payable | 17/49 | €323,809 | €289,634 | -€34,176 | -10.6% |
| Amounts payable after more than one year | 17 | €194,255 | €170,548 | -€23,708 | -12.2% |
| Financial debts | 170/4 | €194,255 | €170,548 | -€23,708 | -12.2% |
| Amounts payable within one year | 42/48 | €129,554 | €119,086 | -€10,468 | -8.1% |
| Current portion of amounts payable after more than one year | 42 | €33,156 | €23,708 | -€9,448 | -28.5% |
| Financial debts | 43 | - | €150 | +€150 | |
| Credit institutions | 430/8 | - | €150 | +€150 | |
| Trade debts | 44 | €37,449 | €37,797 | +€347 | +0.9% |
| Suppliers | 440/4 | €37,449 | €37,797 | +€347 | +0.9% |
| Taxes, remuneration and social security | 45 | €2,689 | €1,315 | -€1,374 | -51.1% |
| Taxes | 450/3 | €2,689 | €1,315 | -€1,374 | -51.1% |
| Other amounts payable | 47/48 | €56,260 | €56,116 | -€144 | -0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,704 | €36,037 | +€333 | +0.9% |
| Other operating charges | 640/8 | €1,180 | €1,841 | +€661 | +56.0% |
| Gross operating margin | 9900 | €81,561 | €92,580 | +€11,019 | +13.5% |
| Operating profit (loss) | 9901 | €44,677 | €54,702 | +€10,025 | +22.4% |
| Financial income | 75/76B | €5 | - | -€5 | |
| Recurring financial income | 75 | €5 | - | -€5 | |
| Financial charges | 65/66B | €6,848 | €9,337 | +€2,488 | +36.3% |
| Recurring financial charges | 65 | €6,848 | €9,337 | +€2,488 | +36.3% |
| Profit (loss) for the period before taxes | 9903 | €37,834 | €45,365 | +€7,531 | +19.9% |
| Income taxes | 67/77 | €11,680 | €13,547 | +€1,866 | +16.0% |
| Profit (loss) for the period | 9904 | €26,153 | €31,818 | +€5,665 | +21.7% |
| Profit (loss) for the period to be appropriated | 9905 | €26,153 | €31,818 | +€5,665 | +21.7% |
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 22 October 2026 via checked.be.