TRES: 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.
TRES
Largest movements
- Cash +€69,447
up €69,447 (+64.6%), from €107,512 to €176,959
mainly Net result for the year (+€50,820) and Depreciation (+€42,820)
- Receivables within one year -€9,160
down €9,160 (-93.4%), from €9,803 to €643
of which Trade receivables: -€5,888
- Intangible fixed assets -€6,246
down €6,246 (-9.5%), from €65,500 to €59,254
- Profit (loss) carried forward +€50,820
up €50,820 (+56.6%), from -€89,825 to -€39,006
- Trade debts +€4,738
up €4,738 (+3.5%), from €136,830 to €141,568
- Depreciation -€76,902
down €76,902 (-64.2%), from €119,721 to €42,820
- Gross operating margin -€6,051
down €6,051 (-6.0%), from €100,311 to €94,259
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.
Derived cash bridge
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 | €182,815 | €236,856 | +€54,041 | +29.6% |
| Fixed assets | 21/28 | €65,500 | €59,254 | -€6,246 | -9.5% |
| Intangible fixed assets | 21 | €65,500 | €59,254 | -€6,246 | -9.5% |
| Current assets | 29/58 | €117,315 | €177,602 | +€60,287 | +51.4% |
| Amounts receivable within one year | 40/41 | €9,803 | €643 | -€9,160 | -93.4% |
| Trade receivables | 40 | €5,888 | - | -€5,888 | |
| Other amounts receivable | 41 | €3,915 | €643 | -€3,272 | -83.6% |
| Cash at bank and in hand | 54/58 | €107,512 | €176,959 | +€69,447 | +64.6% |
| Total equity and liabilities | 10/49 | €182,815 | €236,856 | +€54,041 | +29.6% |
| Equity | 10/15 | €44,469 | €95,288 | +€50,820 | +114% |
| Contributions | 10/11 | €134,294 | €134,294 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€89,825 | -€39,006 | +€50,820 | +56.6% |
| Amounts payable | 17/49 | €138,346 | €141,568 | +€3,221 | +2.3% |
| Amounts payable within one year | 42/48 | €137,040 | €141,568 | +€4,528 | +3.3% |
| Trade debts | 44 | €136,830 | €141,568 | +€4,738 | +3.5% |
| Suppliers | 440/4 | €136,830 | €141,568 | +€4,738 | +3.5% |
| Taxes, remuneration and social security | 45 | €210 | - | -€210 | |
| Taxes | 450/3 | €210 | - | -€210 | |
| Accrued charges and deferred income | 492/3 | €1,307 | - | -€1,307 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €119,721 | €42,820 | -€76,902 | -64.2% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €100,311 | €94,259 | -€6,051 | -6.0% |
| Operating profit (loss) | 9901 | -€19,916 | €50,920 | +€70,836 | |
| Financial income | 75/76B | €7 | €1 | -€6 | -81.1% |
| Recurring financial income | 75 | €7 | €1 | -€6 | -81.1% |
| Financial charges | 65/66B | €102 | €101 | -€1 | -0.6% |
| Recurring financial charges | 65 | €102 | €101 | -€1 | -0.6% |
| Profit (loss) for the period before taxes | 9903 | -€20,011 | €50,820 | +€70,831 | |
| Profit (loss) for the period | 9904 | -€20,011 | €50,820 | +€70,831 | |
| Profit (loss) for the period to be appropriated | 9905 | -€20,011 | €50,820 | +€70,831 |
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 20 October 2026 via checked.be.