TRESNO: 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.
TRESNO
Largest movements
- Tangible fixed assets -€65,569
down €65,569 (-3.8%), from €1.7m to €1.7m
of which Other tangible fixed assets: -€61,030
- Profit (loss) carried forward +€178,296
no longer reported in 2025 (was -€178,296)
- Other debts -€155,995
down €155,995 (-49.3%), from €316,354 to €160,359
- Debts after one year -€67,470
down €67,470 (-4.7%), from €1.4m to €1.4m
- Reserves -€60,935
down €60,935 (-24.9%), from €244,563 to €183,627
- Trade debts +€45,577
up €45,577 (+58.1%), from €78,438 to €124,016
- Gross operating margin +€785,788
up €785,788, from -€26,995 to €758,792
- Staff costs +€223,802
up €223,802 (+378.8%), from €59,087 to €282,889
- Depreciation +€71,831
up €71,831 (+98.8%), from €72,689 to €144,520
- Financial charges +€16,537
up €16,537 (+53.8%), from €30,767 to €47,304
- Taxes +€8,320
up €8,320, from -€0 to €8,320
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 | €2,049,486 | €2,009,431 | -€40,056 | -2.0% |
| Fixed assets | 21/28 | €1,741,974 | €1,675,397 | -€66,577 | -3.8% |
| Intangible fixed assets | 21 | €2,683 | €1,675 | -€1,008 | -37.6% |
| Tangible fixed assets | 22/27 | €1,739,291 | €1,673,722 | -€65,569 | -3.8% |
| Land and buildings | 22 | €479,800 | €453,144 | -€26,656 | -5.6% |
| Plant, machinery and equipment | 23 | €20,927 | €36,375 | +€15,448 | +73.8% |
| Furniture and vehicles | 24 | €3,077 | €4,940 | +€1,862 | +60.5% |
| Leasing and similar rights | 25 | €249,600 | €254,406 | +€4,806 | +1.9% |
| Other tangible fixed assets | 26 | €985,887 | €924,857 | -€61,030 | -6.2% |
| Current assets | 29/58 | €307,512 | €334,033 | +€26,521 | +8.6% |
| Stocks and contracts in progress | 3 | €21,000 | €38,255 | +€17,255 | +82.2% |
| Stocks | 30/36 | €21,000 | €38,255 | +€17,255 | +82.2% |
| Amounts receivable within one year | 40/41 | €6,314 | €3,971 | -€2,343 | -37.1% |
| Trade receivables | 40 | €3,059 | €402 | -€2,657 | -86.8% |
| Other amounts receivable | 41 | €3,255 | €3,569 | +€314 | +9.6% |
| Cash at bank and in hand | 54/58 | €277,683 | €288,798 | +€11,114 | +4.0% |
| Deferred charges and accrued income | 490/1 | €2,515 | €3,010 | +€495 | +19.7% |
| Total equity and liabilities | 10/49 | €2,049,486 | €2,009,431 | -€40,056 | -2.0% |
| Equity | 10/15 | €84,866 | €202,227 | +€117,361 | +138.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €244,563 | €183,627 | -€60,935 | -24.9% |
| Distributable reserves | 133 | €244,563 | €183,627 | -€60,935 | -24.9% |
| Profit (loss) carried forward | 14 | -€178,296 | - | +€178,296 | |
| Amounts payable | 17/49 | €1,964,620 | €1,807,204 | -€157,417 | -8.0% |
| Amounts payable after more than one year | 17 | €1,431,434 | €1,363,964 | -€67,470 | -4.7% |
| Financial debts | 170/4 | €1,431,434 | €1,363,964 | -€67,470 | -4.7% |
| Amounts payable within one year | 42/48 | €517,812 | €442,056 | -€75,756 | -14.6% |
| Current portion of amounts payable after more than one year | 42 | €98,101 | €108,238 | +€10,137 | +10.3% |
| Trade debts | 44 | €78,438 | €124,016 | +€45,577 | +58.1% |
| Suppliers | 440/4 | €78,438 | €124,016 | +€45,577 | +58.1% |
| Taxes, remuneration and social security | 45 | €24,918 | €49,443 | +€24,524 | +98.4% |
| Taxes | 450/3 | €7,864 | €15,527 | +€7,663 | +97.4% |
| Remuneration and social security | 454/9 | €17,055 | €33,916 | +€16,861 | +98.9% |
| Other amounts payable | 47/48 | €316,354 | €160,359 | -€155,995 | -49.3% |
| Accrued charges and deferred income | 492/3 | €15,374 | €1,183 | -€14,191 | -92.3% |
| Remuneration, social security and pensions | 62 | €59,087 | €282,889 | +€223,802 | +378.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €72,689 | €144,520 | +€71,831 | +98.8% |
| Other operating charges | 640/8 | €7,244 | €14,286 | +€7,041 | +97.2% |
| Gross operating margin | 9900 | -€26,995 | €758,792 | +€785,788 | |
| Operating profit (loss) | 9901 | -€166,015 | €317,098 | +€483,113 | |
| Financial income | 75/76B | €8,059 | €24 | -€8,035 | -99.7% |
| Recurring financial income | 75 | €8,059 | €24 | -€8,035 | -99.7% |
| Financial charges | 65/66B | €30,767 | €47,304 | +€16,537 | +53.8% |
| Recurring financial charges | 65 | €30,767 | €47,304 | +€16,537 | +53.8% |
| Profit (loss) for the period before taxes | 9903 | -€188,723 | €269,818 | +€458,541 | |
| Income taxes | 67/77 | -€0 | €8,320 | +€8,320 | |
| Profit (loss) for the period | 9904 | -€188,723 | €261,498 | +€450,220 | |
| Profit (loss) for the period to be appropriated | 9905 | -€188,723 | €261,498 | +€450,220 |
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.