TRENZA: 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.
TRENZA
Largest movements
- Cash +€51,063
up €51,063 (+234.5%), from €21,773 to €72,836
mainly Net result for the year (+€50,321) and Other debts (+€3,224)
- Tangible fixed assets -€2,000
down €2,000 (-22.2%), from €8,995 to €6,995
- Reserves +€50,321
up €50,321 (+214.6%), from €23,449 to €73,770
- Tax, wage and social debts -€3,471
down €3,471 (-39.4%), from €8,812 to €5,341
- Other debts +€3,224
up €3,224 (+363.9%), from €886 to €4,109
- Gross operating margin +€35,700
up €35,700 (+114.8%), from €31,090 to €66,790
- Taxes +€7,216
up €7,216 (+116.1%), from €6,214 to €13,430
- Depreciation +€995
up €995 (+98.9%), from €1,005 to €2,000
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 | €37,601 | €87,673 | +€50,072 | +133.2% |
| Fixed assets | 21/28 | €8,995 | €6,995 | -€2,000 | -22.2% |
| Tangible fixed assets | 22/27 | €8,995 | €6,995 | -€2,000 | -22.2% |
| Plant, machinery and equipment | 23 | €8,995 | €6,995 | -€2,000 | -22.2% |
| Current assets | 29/58 | €28,606 | €80,679 | +€52,072 | +182.0% |
| Stocks and contracts in progress | 3 | €5,526 | €6,269 | +€744 | +13.5% |
| Stocks | 30/36 | €5,526 | €6,269 | +€744 | +13.5% |
| Amounts receivable within one year | 40/41 | €67 | €0 | -€67 | -100.0% |
| Other amounts receivable | 41 | €67 | €0 | -€67 | -100.0% |
| Cash at bank and in hand | 54/58 | €21,773 | €72,836 | +€51,063 | +234.5% |
| Deferred charges and accrued income | 490/1 | €1,240 | €1,573 | +€332 | +26.8% |
| Total equity and liabilities | 10/49 | €37,601 | €87,673 | +€50,072 | +133.2% |
| Equity | 10/15 | €27,449 | €77,770 | +€50,321 | +183.3% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €23,449 | €73,770 | +€50,321 | +214.6% |
| Distributable reserves | 133 | €23,449 | €73,770 | +€50,321 | +214.6% |
| Amounts payable | 17/49 | €10,152 | €9,904 | -€249 | -2.4% |
| Amounts payable within one year | 42/48 | €10,152 | €9,904 | -€249 | -2.4% |
| Trade debts | 44 | €454 | €453 | -€1 | -0.3% |
| Suppliers | 440/4 | €454 | €453 | -€1 | -0.3% |
| Taxes, remuneration and social security | 45 | €8,812 | €5,341 | -€3,471 | -39.4% |
| Taxes | 450/3 | €8,812 | €5,341 | -€3,471 | -39.4% |
| Other amounts payable | 47/48 | €886 | €4,109 | +€3,224 | +363.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,005 | €2,000 | +€995 | +98.9% |
| Other operating charges | 640/8 | €387 | €900 | +€512 | +132.2% |
| Gross operating margin | 9900 | €31,090 | €66,790 | +€35,700 | +114.8% |
| Operating profit (loss) | 9901 | €29,698 | €63,891 | +€34,193 | +115.1% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €35 | €140 | +€105 | +299.9% |
| Recurring financial charges | 65 | €35 | €140 | +€105 | +299.9% |
| Profit (loss) for the period before taxes | 9903 | €29,663 | €63,751 | +€34,089 | +114.9% |
| Income taxes | 67/77 | €6,214 | €13,430 | +€7,216 | +116.1% |
| Profit (loss) for the period | 9904 | €23,449 | €50,321 | +€26,872 | +114.6% |
| Profit (loss) for the period to be appropriated | 9905 | €23,449 | €50,321 | +€26,872 | +114.6% |
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 6 October 2026 via checked.be.