TRENZUP: 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.
TRENZUP
Largest movements
- Receivables within one year +€10,915
up €10,915 (+128.9%), from €8,470 to €19,385
of which Trade receivables: +€10,890
- Cash +€3,374
up €3,374 (+173.1%), from €1,949 to €5,322
mainly Net result for the year (+€14,698) and Tax, wage and social debts (+€1,435)
- Tangible fixed assets -€720
no longer reported in 2025 (was €720)
- Profit (loss) carried forward +€14,698
up €14,698 (+21.0%), from -€69,902 to -€55,204
- Accrued charges and deferred income -€2,100
no longer reported in 2025 (was €2,100)
- Tax, wage and social debts +€1,435
up €1,435 (+32.0%), from €4,484 to €5,919
of which Taxes: +€2,935
- Other debts -€580
down €580 (-1.6%), from €35,498 to €34,918
- Gross operating margin +€13,366
up €13,366 (+388.3%), from €3,442 to €16,809
- Depreciation -€1,163
down €1,163 (-61.8%), from €1,884 to €720
- Other operating charges -€191
down €191 (-21.5%), from €890 to €699
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 | €11,337 | €24,853 | +€13,515 | +119.2% |
| Fixed assets | 21/28 | €720 | - | -€720 | |
| Tangible fixed assets | 22/27 | €720 | - | -€720 | |
| Furniture and vehicles | 24 | €720 | - | -€720 | |
| Current assets | 29/58 | €10,617 | €24,853 | +€14,236 | +134.1% |
| Amounts receivable within one year | 40/41 | €8,470 | €19,385 | +€10,915 | +128.9% |
| Trade receivables | 40 | €8,470 | €19,360 | +€10,890 | +128.6% |
| Other amounts receivable | 41 | - | €25 | +€25 | |
| Cash at bank and in hand | 54/58 | €1,949 | €5,322 | +€3,374 | +173.1% |
| Deferred charges and accrued income | 490/1 | €199 | €146 | -€53 | -26.5% |
| Total equity and liabilities | 10/49 | €11,337 | €24,853 | +€13,515 | +119.2% |
| Equity | 10/15 | -€30,902 | -€16,204 | +€14,698 | +47.6% |
| Contributions | 10/11 | €39,000 | €39,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€69,902 | -€55,204 | +€14,698 | +21.0% |
| Amounts payable | 17/49 | €42,239 | €41,057 | -€1,182 | -2.8% |
| Amounts payable within one year | 42/48 | €40,139 | €41,057 | +€918 | +2.3% |
| Trade debts | 44 | €157 | €220 | +€63 | +39.9% |
| Suppliers | 440/4 | €157 | €220 | +€63 | +39.9% |
| Taxes, remuneration and social security | 45 | €4,484 | €5,919 | +€1,435 | +32.0% |
| Taxes | 450/3 | €2,984 | €5,919 | +€2,935 | +98.4% |
| Remuneration and social security | 454/9 | €1,500 | - | -€1,500 | |
| Other amounts payable | 47/48 | €35,498 | €34,918 | -€580 | -1.6% |
| Accrued charges and deferred income | 492/3 | €2,100 | - | -€2,100 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,884 | €720 | -€1,163 | -61.8% |
| Other operating charges | 640/8 | €890 | €699 | -€191 | -21.5% |
| Gross operating margin | 9900 | €3,442 | €16,809 | +€13,366 | +388.3% |
| Operating profit (loss) | 9901 | €669 | €15,390 | +€14,721 | +2202.0% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €313 | €369 | +€56 | +17.8% |
| Recurring financial charges | 65 | €313 | €369 | +€56 | +17.8% |
| Profit (loss) for the period before taxes | 9903 | €355 | €15,023 | +€14,668 | +4130.6% |
| Income taxes | 67/77 | €331 | €326 | -€5 | -1.6% |
| Profit (loss) for the period | 9904 | €24 | €14,698 | +€14,673 | +60508.8% |
| Profit (loss) for the period to be appropriated | 9905 | €24 | €14,698 | +€14,673 | +60508.8% |
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 10 October 2026 via checked.be.