Trepa: 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.
Trepa
Largest movements
- Receivables within one year -€32,017
down €32,017 (-91.3%), from €35,066 to €3,049
- Tangible fixed assets +€23,590
up €23,590 (+2.8%), from €834,622 to €858,213
of which Land and buildings: +€23,756
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€28,160
up €28,160 (+150.9%), from €18,668 to €46,828
- Depreciation +€1,989
up €1,989 (+4.7%), from €42,447 to €44,436
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 | €908,129 | €904,373 | -€3,756 | -0.4% |
| Fixed assets | 21/28 | €834,622 | €858,213 | +€23,590 | +2.8% |
| Tangible fixed assets | 22/27 | €834,622 | €858,213 | +€23,590 | +2.8% |
| Land and buildings | 22 | €833,885 | €857,641 | +€23,756 | +2.8% |
| Plant, machinery and equipment | 23 | €737 | €572 | -€165 | -22.4% |
| Current assets | 29/58 | €73,507 | €46,160 | -€27,347 | -37.2% |
| Amounts receivable within one year | 40/41 | €35,066 | €3,049 | -€32,017 | -91.3% |
| Other amounts receivable | 41 | €35,066 | €3,049 | -€32,017 | -91.3% |
| Cash at bank and in hand | 54/58 | €37,965 | €37,510 | -€455 | -1.2% |
| Deferred charges and accrued income | 490/1 | €475 | €5,601 | +€5,126 | +1078.1% |
| Total equity and liabilities | 10/49 | €908,129 | €904,373 | -€3,756 | -0.4% |
| Equity | 10/15 | €569,274 | €561,836 | -€7,438 | -1.3% |
| Contributions | 10/11 | €600,000 | €600,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€30,726 | -€38,164 | -€7,438 | -24.2% |
| Amounts payable | 17/49 | €338,855 | €342,537 | +€3,682 | +1.1% |
| Amounts payable within one year | 42/48 | €338,855 | €342,537 | +€3,682 | +1.1% |
| Trade debts | 44 | €279 | €1,253 | +€974 | +349.9% |
| Suppliers | 440/4 | €279 | €1,253 | +€974 | +349.9% |
| Taxes, remuneration and social security | 45 | €3,859 | €6,567 | +€2,708 | +70.2% |
| Taxes | 450/3 | €3,859 | €6,567 | +€2,708 | +70.2% |
| Other amounts payable | 47/48 | €334,717 | €334,717 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,447 | €44,436 | +€1,989 | +4.7% |
| Other operating charges | 640/8 | €9,339 | €9,640 | +€301 | +3.2% |
| Gross operating margin | 9900 | €18,668 | €46,828 | +€28,160 | +150.9% |
| Operating profit (loss) | 9901 | -€33,118 | -€7,248 | +€25,870 | +78.1% |
| Financial charges | 65/66B | €124 | €190 | +€67 | +53.8% |
| Recurring financial charges | 65 | €124 | €190 | +€67 | +53.8% |
| Profit (loss) for the period before taxes | 9903 | -€33,242 | -€7,438 | +€25,804 | +77.6% |
| Profit (loss) for the period | 9904 | -€33,242 | -€7,438 | +€25,804 | +77.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€33,242 | -€7,438 | +€25,804 | +77.6% |
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.