TREVCO: 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.
TREVCO
Largest movements
- Receivables within one year +€26,156
up €26,156 (+130.3%), from €20,075 to €46,230
of which Other amounts receivable: +€18,054
- Cash -€6,857
down €6,857 (-79.0%), from €8,682 to €1,824
mainly Receivables within one year (-€26,156) and Investment in fixed assets (net) (-€6,266)
- Tangible fixed assets -€1,699
down €1,699 (-2.5%), from €67,885 to €66,186
of which Other tangible fixed assets: -€5,696
- Reserves +€16,900
up €16,900 (+42.6%), from €39,660 to €56,560
of which Distributable reserves: +€16,900
- Accrued charges and deferred income +€5,753
up €5,753 (+131057.2%), from €4 to €5,758
- Other debts -€5,276
down €5,276 (-86.4%), from €6,109 to €833
- Debts after one year -€3,585
down €3,585 (-12.6%), from €28,400 to €24,815
- Current portion of long-term debt +€3,047
up €3,047 (+66.6%), from €4,577 to €7,624
- Gross operating margin +€5,440
up €5,440 (+17.2%), from €31,571 to €37,011
- Financial charges +€3,153
up €3,153 (+219.7%), from €1,435 to €4,588
- Depreciation +€1,937
up €1,937 (+32.1%), from €6,028 to €7,965
- Financial income +€702
up €702 (+104.5%), from €672 to €1,374
- Other operating charges -€685
down €685 (-28.7%), from €2,384 to €1,699
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 | €113,935 | €132,389 | +€18,454 | +16.2% |
| Fixed assets | 21/28 | €84,135 | €82,436 | -€1,699 | -2.0% |
| Tangible fixed assets | 22/27 | €67,885 | €66,186 | -€1,699 | -2.5% |
| Furniture and vehicles | 24 | €411 | €4,408 | +€3,998 | +973.3% |
| Other tangible fixed assets | 26 | €67,474 | €61,778 | -€5,696 | -8.4% |
| Financial fixed assets | 28 | €16,250 | €16,250 | = | 0.0% |
| Current assets | 29/58 | €29,800 | €49,953 | +€20,153 | +67.6% |
| Amounts receivable within one year | 40/41 | €20,075 | €46,230 | +€26,156 | +130.3% |
| Trade receivables | 40 | €3,939 | €12,041 | +€8,102 | +205.7% |
| Other amounts receivable | 41 | €16,136 | €34,190 | +€18,054 | +111.9% |
| Cash at bank and in hand | 54/58 | €8,682 | €1,824 | -€6,857 | -79.0% |
| Deferred charges and accrued income | 490/1 | €1,043 | €1,898 | +€855 | +82.0% |
| Total equity and liabilities | 10/49 | €113,935 | €132,389 | +€18,454 | +16.2% |
| Equity | 10/15 | €60,141 | €76,218 | +€16,077 | +26.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €39,660 | €56,560 | +€16,900 | +42.6% |
| 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 | €37,800 | €54,700 | +€16,900 | +44.7% |
| Profit (loss) carried forward | 14 | €1,881 | €1,058 | -€823 | -43.8% |
| Amounts payable | 17/49 | €53,794 | €56,171 | +€2,377 | +4.4% |
| Amounts payable after more than one year | 17 | €28,400 | €24,815 | -€3,585 | -12.6% |
| Financial debts | 170/4 | €28,400 | €24,815 | -€3,585 | -12.6% |
| Amounts payable within one year | 42/48 | €25,390 | €25,598 | +€208 | +0.8% |
| Current portion of amounts payable after more than one year | 42 | €4,577 | €7,624 | +€3,047 | +66.6% |
| Trade debts | 44 | €4,428 | €6,103 | +€1,674 | +37.8% |
| Suppliers | 440/4 | €4,428 | €6,103 | +€1,674 | +37.8% |
| Taxes, remuneration and social security | 45 | €10,276 | €11,038 | +€762 | +7.4% |
| Taxes | 450/3 | €10,276 | €11,038 | +€762 | +7.4% |
| Other amounts payable | 47/48 | €6,109 | €833 | -€5,276 | -86.4% |
| Accrued charges and deferred income | 492/3 | €4 | €5,758 | +€5,753 | +131057.2% |
| Non-recurring operating income | 76A | €2,066 | - | -€2,066 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,028 | €7,965 | +€1,937 | +32.1% |
| Other operating charges | 640/8 | €2,384 | €1,699 | -€685 | -28.7% |
| Gross operating margin | 9900 | €31,571 | €37,011 | +€5,440 | +17.2% |
| Operating profit (loss) | 9901 | €23,158 | €27,347 | +€4,188 | +18.1% |
| Financial income | 75/76B | €672 | €1,374 | +€702 | +104.5% |
| Recurring financial income | 75 | €672 | €1,374 | +€702 | +104.5% |
| Financial charges | 65/66B | €1,435 | €4,588 | +€3,153 | +219.7% |
| Recurring financial charges | 65 | €1,435 | €4,588 | +€3,153 | +219.7% |
| Profit (loss) for the period before taxes | 9903 | €22,395 | €24,133 | +€1,738 | +7.8% |
| Income taxes | 67/77 | €6,802 | €7,223 | +€421 | +6.2% |
| Profit (loss) for the period | 9904 | €15,594 | €16,910 | +€1,317 | +8.4% |
| Profit (loss) for the period to be appropriated | 9905 | €15,594 | €16,910 | +€1,317 | +8.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.