TREPALIA: 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.
TREPALIA
Largest movements
- Receivables within one year +€211,299
up €211,299 (+31.8%), from €664,130 to €875,429
of which Trade receivables: +€208,175
- Cash -€62,753
down €62,753 (-5.5%), from €1.1m to €1.1m
mainly Receivables within one year (-€211,299) and Accrued charges and deferred income (-€183,500)
- Tangible fixed assets +€52,280
up €52,280 (+70.0%), from €74,639 to €126,919
of which Furniture and vehicles: +€41,388
- Reserves +€337,534
up €337,534 (+25.9%), from €1.3m to €1.6m
of which Distributable reserves: +€337,534
- Accrued charges and deferred income -€183,500
no longer reported in 2025 (was €183,500)
- Debts after one year +€34,953
up €34,953 (+335.5%), from €10,420 to €45,373
- Trade debts -€29,753
down €29,753 (-9.0%), from €329,961 to €300,208
- Gross operating margin +€257,573
up €257,573 (+17.4%), from €1.5m to €1.7m
- Staff costs +€100,440
up €100,440 (+10.6%), from €948,628 to €1.0m
- Taxes +€54,474
up €54,474 (+37.9%), from €143,822 to €198,296
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 | €2,145,903 | €2,343,308 | +€197,405 | +9.2% |
| Fixed assets | 21/28 | €74,779 | €127,059 | +€52,280 | +69.9% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €74,639 | €126,919 | +€52,280 | +70.0% |
| Plant, machinery and equipment | 23 | €6,141 | €17,033 | +€10,892 | +177.4% |
| Furniture and vehicles | 24 | €68,498 | €109,886 | +€41,388 | +60.4% |
| Financial fixed assets | 28 | €140 | €140 | = | 0.0% |
| Current assets | 29/58 | €2,071,124 | €2,216,249 | +€145,125 | +7.0% |
| Amounts receivable after more than one year | 29 | €15,168 | €11,746 | -€3,422 | -22.6% |
| Other amounts receivable | 291 | €15,168 | €11,746 | -€3,422 | -22.6% |
| Amounts receivable within one year | 40/41 | €664,130 | €875,429 | +€211,299 | +31.8% |
| Trade receivables | 40 | €664,130 | €872,304 | +€208,175 | +31.3% |
| Other amounts receivable | 41 | - | €3,125 | +€3,125 | |
| Current investments | 50/53 | €250,000 | €250,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,141,826 | €1,079,073 | -€62,753 | -5.5% |
| Total equity and liabilities | 10/49 | €2,145,903 | €2,343,308 | +€197,405 | +9.2% |
| Equity | 10/15 | €1,439,055 | €1,776,589 | +€337,534 | +23.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,304,008 | €1,641,542 | +€337,534 | +25.9% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €1,285,258 | €1,622,792 | +€337,534 | +26.3% |
| Profit (loss) carried forward | 14 | €116,447 | €116,447 | = | 0.0% |
| Amounts payable | 17/49 | €706,848 | €566,719 | -€140,129 | -19.8% |
| Amounts payable after more than one year | 17 | €10,420 | €45,373 | +€34,953 | +335.5% |
| Financial debts | 170/4 | €10,420 | €45,373 | +€34,953 | +335.5% |
| Amounts payable within one year | 42/48 | €512,928 | €521,346 | +€8,418 | +1.6% |
| Current portion of amounts payable after more than one year | 42 | €22,208 | €27,624 | +€5,417 | +24.4% |
| Trade debts | 44 | €329,961 | €300,208 | -€29,753 | -9.0% |
| Suppliers | 440/4 | €329,961 | €300,208 | -€29,753 | -9.0% |
| Taxes, remuneration and social security | 45 | €159,289 | €180,264 | +€20,975 | +13.2% |
| Taxes | 450/3 | €96,500 | €107,632 | +€11,132 | +11.5% |
| Remuneration and social security | 454/9 | €62,789 | €72,632 | +€9,844 | +15.7% |
| Other amounts payable | 47/48 | €1,470 | €13,249 | +€11,779 | +801.4% |
| Accrued charges and deferred income | 492/3 | €183,500 | - | -€183,500 | |
| Remuneration, social security and pensions | 62 | €948,628 | €1,049,068 | +€100,440 | +10.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,141 | €25,596 | -€10,545 | -29.2% |
| Other operating charges | 640/8 | €55,370 | €49,945 | -€5,425 | -9.8% |
| Gross operating margin | 9900 | €1,479,403 | €1,736,977 | +€257,573 | +17.4% |
| Operating profit (loss) | 9901 | €439,264 | €612,368 | +€173,104 | +39.4% |
| Financial income | 75/76B | €4,707 | €10,017 | +€5,310 | +112.8% |
| Recurring financial income | 75 | €4,707 | €10,017 | +€5,310 | +112.8% |
| Financial charges | 65/66B | €1,393 | €7,801 | +€6,408 | +460.0% |
| Recurring financial charges | 65 | €1,393 | €3,077 | +€1,684 | +120.9% |
| Non-recurring financial charges | 66B | - | €4,725 | +€4,725 | |
| Profit (loss) for the period before taxes | 9903 | €442,577 | €614,583 | +€172,006 | +38.9% |
| Income taxes | 67/77 | €143,822 | €198,296 | +€54,474 | +37.9% |
| Profit (loss) for the period | 9904 | €298,755 | €416,287 | +€117,532 | +39.3% |
| Profit (loss) for the period to be appropriated | 9905 | €298,755 | €416,287 | +€117,532 | +39.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.