TRESCO: 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.
TRESCO
Largest movements
- Financial fixed assets +€500,008
up €500,008 (+20,829%), from €2,401 to €502,409
- Receivables within one year -€206,706
down €206,706 (-89.4%), from €231,179 to €24,473
of which Other amounts receivable: -€215,313
- Cash -€68,635
down €68,635 (-66.6%), from €103,132 to €34,498
mainly Investment in fixed assets (net) (-€501,054) and Deferred charges and accrued income (-€1,024)
- Current investments -€39,793
down €39,793 (-99.5%), from €40,000 to €207
- Other debts +€104,463
up €104,463 (+30,403%), from €344 to €104,807
- Profit (loss) carried forward +€69,350
up €69,350 (+20.3%), from €341,135 to €410,484
- Gross operating margin +€29,846
up €29,846 (+34.2%), from €87,381 to €117,226
- Taxes +€20,114
up €20,114 (+94.5%), from €21,285 to €41,398
- Financial income +€4,601
up €4,601 (+152%), from €3,032 to €7,633
- Depreciation -€4,315
down €4,315 (-41.6%), from €10,375 to €6,060
- Staff costs +€3,732
new in 2025: €3,732
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 | €423,685 | €604,569 | +€180,884 | +42.7% |
| Fixed assets | 21/28 | €32,294 | €527,288 | +€494,993 | +1,533% |
| Tangible fixed assets | 22/27 | €29,894 | €24,879 | -€5,015 | -16.8% |
| Plant, machinery and equipment | 23 | €1,599 | €968 | -€631 | -39.5% |
| Furniture and vehicles | 24 | €28,294 | €23,911 | -€4,384 | -15.5% |
| Financial fixed assets | 28 | €2,401 | €502,409 | +€500,008 | +20,829% |
| Current assets | 29/58 | €391,391 | €77,282 | -€314,110 | -80.3% |
| Stocks and contracts in progress | 3 | €6,107 | €6,107 | = | 0.0% |
| Stocks | 30/36 | €6,107 | €6,107 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €231,179 | €24,473 | -€206,706 | -89.4% |
| Trade receivables | 40 | €15,730 | €24,338 | +€8,608 | +54.7% |
| Other amounts receivable | 41 | €215,449 | €136 | -€215,313 | -99.9% |
| Current investments | 50/53 | €40,000 | €207 | -€39,793 | -99.5% |
| Cash at bank and in hand | 54/58 | €103,132 | €34,498 | -€68,635 | -66.6% |
| Deferred charges and accrued income | 490/1 | €10,972 | €11,996 | +€1,024 | +9.3% |
| Total equity and liabilities | 10/49 | €423,685 | €604,569 | +€180,884 | +42.7% |
| Equity | 10/15 | €405,361 | €474,711 | +€69,350 | +17.1% |
| Contributions | 10/11 | €20,405 | €20,405 | = | 0.0% |
| Reserves | 13 | €43,822 | €43,822 | = | 0.0% |
| Distributable reserves | 133 | €43,822 | €43,822 | = | 0.0% |
| Profit (loss) carried forward | 14 | €341,135 | €410,484 | +€69,350 | +20.3% |
| Amounts payable | 17/49 | €18,324 | €129,859 | +€111,534 | +609% |
| Amounts payable within one year | 42/48 | €18,324 | €129,859 | +€111,534 | +609% |
| Trade debts | 44 | €297 | €3,112 | +€2,815 | +946% |
| Suppliers | 440/4 | €297 | €3,112 | +€2,815 | +946% |
| Taxes, remuneration and social security | 45 | €17,683 | €21,939 | +€4,256 | +24.1% |
| Taxes | 450/3 | €17,683 | €21,939 | +€4,256 | +24.1% |
| Other amounts payable | 47/48 | €344 | €104,807 | +€104,463 | +30,403% |
| Remuneration, social security and pensions | 62 | - | €3,732 | +€3,732 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,375 | €6,060 | -€4,315 | -41.6% |
| Other operating charges | 640/8 | €354 | €1,560 | +€1,206 | +341% |
| Gross operating margin | 9900 | €87,381 | €117,226 | +€29,846 | +34.2% |
| Operating profit (loss) | 9901 | €76,652 | €105,874 | +€29,222 | +38.1% |
| Financial income | 75/76B | €3,032 | €7,633 | +€4,601 | +152% |
| Recurring financial income | 75 | €3,032 | €7,633 | +€4,601 | +152% |
| Financial charges | 65/66B | €2,734 | €2,760 | +€26 | +1.0% |
| Recurring financial charges | 65 | €2,734 | €2,760 | +€26 | +1.0% |
| Profit (loss) for the period before taxes | 9903 | €76,951 | €110,748 | +€33,797 | +43.9% |
| Income taxes | 67/77 | €21,285 | €41,398 | +€20,114 | +94.5% |
| Profit (loss) for the period | 9904 | €55,666 | €69,350 | +€13,684 | +24.6% |
| Profit (loss) for the period to be appropriated | 9905 | €55,666 | €69,350 | +€13,684 | +24.6% |
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 24 October 2026 via checked.be.