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
- Receivables within one year -€181,766
down €181,766 (-29.0%), from €627,429 to €445,664
of which Other amounts receivable: -€291,762
- Tangible fixed assets +€173,988
up €173,988 (+95.8%), from €181,537 to €355,525
of which Other tangible fixed assets: +€157,973
- Tax, wage and social debts +€39,496
up €39,496 (+66.6%), from €59,271 to €98,766
of which Remuneration and social security: +€23,543
- Other debts -€36,955
down €36,955 (-43.2%), from €85,560 to €48,605
- Trade debts -€31,240
down €31,240 (-6.7%), from €465,961 to €434,720
- Debts after one year +€11,000
up €11,000 (+32.4%), from €33,970 to €44,970
- Gross operating margin +€401,280
up €401,280 (+36.1%), from €1.1m to €1.5m
- Staff costs +€295,997
up €295,997 (+42.9%), from €690,476 to €986,473
- Other operating charges +€196,676
up €196,676 (+76.0%), from €258,710 to €455,386
- Write-downs -€44,122
down €44,122 (-100%), from €44,122 to €0
- Depreciation +€31,752
up €31,752 (+145%), from €21,901 to €53,653
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 | €1,023,941 | €1,016,303 | -€7,637 | -0.7% |
| Fixed assets | 21/28 | €185,087 | €359,075 | +€173,988 | +94.0% |
| Tangible fixed assets | 22/27 | €181,537 | €355,525 | +€173,988 | +95.8% |
| Plant, machinery and equipment | 23 | - | €16,982 | +€16,982 | |
| Furniture and vehicles | 24 | €969 | €3 | -€967 | -99.7% |
| Other tangible fixed assets | 26 | €180,567 | €338,540 | +€157,973 | +87.5% |
| Financial fixed assets | 28 | €3,550 | €3,550 | = | 0.0% |
| Current assets | 29/58 | €838,854 | €657,228 | -€181,626 | -21.7% |
| Amounts receivable within one year | 40/41 | €627,429 | €445,664 | -€181,766 | -29.0% |
| Trade receivables | 40 | - | €109,997 | +€109,997 | |
| Other amounts receivable | 41 | €627,429 | €335,667 | -€291,762 | -46.5% |
| Cash at bank and in hand | 54/58 | €6,016 | €4,251 | -€1,765 | -29.3% |
| Deferred charges and accrued income | 490/1 | €205,409 | €207,314 | +€1,905 | +0.9% |
| Total equity and liabilities | 10/49 | €1,023,941 | €1,016,303 | -€7,637 | -0.7% |
| Equity | 10/15 | €379,179 | €389,241 | +€10,062 | +2.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €372,979 | €383,041 | +€10,062 | +2.7% |
| 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 | €371,119 | €381,181 | +€10,062 | +2.7% |
| Amounts payable | 17/49 | €644,761 | €627,062 | -€17,699 | -2.7% |
| Amounts payable after more than one year | 17 | €33,970 | €44,970 | +€11,000 | +32.4% |
| Other amounts payable | 178/9 | €33,970 | €44,970 | +€11,000 | +32.4% |
| Amounts payable within one year | 42/48 | €610,791 | €582,092 | -€28,699 | -4.7% |
| Trade debts | 44 | €465,961 | €434,720 | -€31,240 | -6.7% |
| Suppliers | 440/4 | €465,961 | €434,720 | -€31,240 | -6.7% |
| Advances received on contracts in progress | 46 | - | €0 | = | |
| Taxes, remuneration and social security | 45 | €59,271 | €98,766 | +€39,496 | +66.6% |
| Taxes | 450/3 | €2,149 | €18,101 | +€15,952 | +742% |
| Remuneration and social security | 454/9 | €57,122 | €80,665 | +€23,543 | +41.2% |
| Other amounts payable | 47/48 | €85,560 | €48,605 | -€36,955 | -43.2% |
| Remuneration, social security and pensions | 62 | €690,476 | €986,473 | +€295,997 | +42.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,901 | €53,653 | +€31,752 | +145% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €44,122 | €0 | -€44,122 | -100% |
| Other operating charges | 640/8 | €258,710 | €455,386 | +€196,676 | +76.0% |
| Non-recurring operating charges | 66A | €37,684 | €0 | -€37,684 | -100% |
| Gross operating margin | 9900 | €1,112,667 | €1,513,947 | +€401,280 | +36.1% |
| Operating profit (loss) | 9901 | €59,772 | €18,434 | -€41,338 | -69.2% |
| Financial income | 75/76B | €26 | €37 | +€11 | +44.2% |
| Recurring financial income | 75 | €26 | €37 | +€11 | +44.2% |
| Financial charges | 65/66B | €2,076 | €1,934 | -€142 | -6.8% |
| Recurring financial charges | 65 | €2,076 | €1,934 | -€142 | -6.8% |
| Profit (loss) for the period before taxes | 9903 | €57,723 | €16,537 | -€41,185 | -71.4% |
| Income taxes | 67/77 | €18,195 | €6,475 | -€11,720 | -64.4% |
| Profit (loss) for the period | 9904 | €39,527 | €10,062 | -€29,465 | -74.5% |
| Profit (loss) for the period to be appropriated | 9905 | €39,527 | €10,062 | -€29,465 | -74.5% |
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 14 October 2026 via checked.be.