TRESOR: 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.
TRESOR
Largest movements
- Cash -€3,514
down €3,514 (-2.8%), from €124,240 to €120,727
mainly Trade debts (-€1,607) and Net result for the year (-€1,598)
- Trade debts -€1,607
no longer reported in 2025 (was €1,607)
- Reserves -€1,598
down €1,598 (-1.3%), from €119,487 to €117,889
of which Distributable reserves: -€1,598
- Gross operating margin +€6,099
up €6,099, from -€5,358 to €741
- Depreciation -€1,681
no longer reported in 2025 (was €1,681)
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 | €142,039 | €138,525 | -€3,514 | -2.5% |
| Fixed assets | 21/28 | €17,799 | €17,799 | = | 0.0% |
| Tangible fixed assets | 22/27 | €17,799 | €17,799 | = | 0.0% |
| Land and buildings | 22 | €17,799 | €17,799 | = | 0.0% |
| Current assets | 29/58 | €124,240 | €120,727 | -€3,514 | -2.8% |
| Cash at bank and in hand | 54/58 | €124,240 | €120,727 | -€3,514 | -2.8% |
| Total equity and liabilities | 10/49 | €142,039 | €138,525 | -€3,514 | -2.5% |
| Equity | 10/15 | €138,087 | €136,489 | -€1,598 | -1.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €119,487 | €117,889 | -€1,598 | -1.3% |
| Non-distributable reserves | 130/1 | €7,248 | €7,248 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,248 | €7,248 | = | 0.0% |
| Distributable reserves | 133 | €112,239 | €110,641 | -€1,598 | -1.4% |
| Amounts payable | 17/49 | €3,952 | €2,036 | -€1,916 | -48.5% |
| Amounts payable within one year | 42/48 | €3,952 | €2,036 | -€1,916 | -48.5% |
| Trade debts | 44 | €1,607 | - | -€1,607 | |
| Suppliers | 440/4 | €1,607 | - | -€1,607 | |
| Other amounts payable | 47/48 | €2,346 | €2,036 | -€309 | -13.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,681 | - | -€1,681 | |
| Other operating charges | 640/8 | €2,033 | €2,086 | +€53 | +2.6% |
| Gross operating margin | 9900 | -€5,358 | €741 | +€6,099 | |
| Operating profit (loss) | 9901 | -€9,073 | -€1,345 | +€7,728 | +85.2% |
| Financial charges | 65/66B | €236 | €253 | +€17 | +7.1% |
| Recurring financial charges | 65 | €236 | €253 | +€17 | +7.1% |
| Profit (loss) for the period before taxes | 9903 | -€9,309 | -€1,598 | +€7,711 | +82.8% |
| Profit (loss) for the period | 9904 | -€9,309 | -€1,598 | +€7,711 | +82.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,309 | -€1,598 | +€7,711 | +82.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.