TréO: 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.
TréO
Largest movements
- Receivables within one year -€18,335
down €18,335 (-13.2%), from €138,886 to €120,551
of which Trade receivables: -€33,792
- Trade debts -€40,382
down €40,382 (-98.0%), from €41,209 to €827
- Reserves +€10,000
up €10,000 (+19.8%), from €50,600 to €60,600
of which Distributable reserves: +€10,000
- Other debts +€9,500
new in 2025: €9,500
- Tax, wage and social debts +€4,389
up €4,389 (+16.6%), from €26,406 to €30,795
of which Remuneration and social security: +€3,000
- Short-term financial debts -€2,938
down €2,938 (-22.1%), from €13,293 to €10,355
- Gross operating margin +€18,884
up €18,884 (+105.6%), from €17,879 to €36,763
- Taxes +€4,771
up €4,771 (+90.3%), from €5,286 to €10,057
- Other operating charges +€2,439
up €2,439 (+1488.9%), from €164 to €2,603
- Financial charges +€1,389
up €1,389 (+33.5%), from €4,143 to €5,532
- Financial income +€1,159
up €1,159 (+40.0%), from €2,900 to €4,058
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €181,914 | €164,175 | -€17,740 | -9.8% |
| Fixed assets | 21/28 | €2,856 | €1,918 | -€938 | -32.8% |
| Tangible fixed assets | 22/27 | €2,526 | €1,588 | -€938 | -37.1% |
| Plant, machinery and equipment | 23 | €689 | €429 | -€260 | -37.8% |
| Furniture and vehicles | 24 | €1,836 | €1,159 | -€678 | -36.9% |
| Financial fixed assets | 28 | €330 | €330 | = | 0.0% |
| Current assets | 29/58 | €179,059 | €162,257 | -€16,802 | -9.4% |
| Amounts receivable after more than one year | 29 | €40,172 | €41,706 | +€1,533 | +3.8% |
| Other amounts receivable | 291 | €40,172 | €41,706 | +€1,533 | +3.8% |
| Amounts receivable within one year | 40/41 | €138,886 | €120,551 | -€18,335 | -13.2% |
| Trade receivables | 40 | €97,829 | €64,037 | -€33,792 | -34.5% |
| Other amounts receivable | 41 | €41,057 | €56,515 | +€15,457 | +37.6% |
| Total equity and liabilities | 10/49 | €181,914 | €164,175 | -€17,740 | -9.8% |
| Equity | 10/15 | €101,006 | €112,697 | +€11,691 | +11.6% |
| Contributions | 10/11 | €6,900 | €6,900 | = | 0.0% |
| Reserves | 13 | €50,600 | €60,600 | +€10,000 | +19.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €48,740 | €58,740 | +€10,000 | +20.5% |
| Profit (loss) carried forward | 14 | €43,506 | €45,197 | +€1,691 | +3.9% |
| Amounts payable | 17/49 | €80,909 | €51,477 | -€29,431 | -36.4% |
| Amounts payable within one year | 42/48 | €80,909 | €51,477 | -€29,431 | -36.4% |
| Financial debts | 43 | €13,293 | €10,355 | -€2,938 | -22.1% |
| Credit institutions | 430/8 | €13,293 | €10,355 | -€2,938 | -22.1% |
| Trade debts | 44 | €41,209 | €827 | -€40,382 | -98.0% |
| Suppliers | 440/4 | €41,209 | €827 | -€40,382 | -98.0% |
| Taxes, remuneration and social security | 45 | €26,406 | €30,795 | +€4,389 | +16.6% |
| Taxes | 450/3 | €26,406 | €27,795 | +€1,389 | +5.3% |
| Remuneration and social security | 454/9 | - | €3,000 | +€3,000 | |
| Other amounts payable | 47/48 | - | €9,500 | +€9,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,201 | €938 | -€263 | -21.9% |
| Other operating charges | 640/8 | €164 | €2,603 | +€2,439 | +1488.9% |
| Gross operating margin | 9900 | €17,879 | €36,763 | +€18,884 | +105.6% |
| Operating profit (loss) | 9901 | €16,515 | €33,222 | +€16,708 | +101.2% |
| Financial income | 75/76B | €2,900 | €4,058 | +€1,159 | +40.0% |
| Recurring financial income | 75 | €2,900 | €4,058 | +€1,159 | +40.0% |
| Financial charges | 65/66B | €4,143 | €5,532 | +€1,389 | +33.5% |
| Recurring financial charges | 65 | €4,143 | €5,532 | +€1,389 | +33.5% |
| Profit (loss) for the period before taxes | 9903 | €15,271 | €31,748 | +€16,477 | +107.9% |
| Income taxes | 67/77 | €5,286 | €10,057 | +€4,771 | +90.3% |
| Profit (loss) for the period | 9904 | €9,985 | €21,691 | +€11,706 | +117.2% |
| Profit (loss) for the period to be appropriated | 9905 | €9,985 | €21,691 | +€11,706 | +117.2% |
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 7 October 2026 via checked.be.