Trèves Expansion: 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.
Trèves Expansion
Largest movements
- Cash +€190,498
up €190,498 (+191%), from €99,845 to €290,343
mainly Net result for the year (+€163,370) and Investment in fixed assets (net) (+€75,790)
- Tangible fixed assets -€106,240
down €106,240 (-14.0%), from €757,022 to €650,782
of which Land and buildings: -€113,626
- Deferred charges and accrued income -€37,065
down €37,065 (-68.0%), from €54,476 to €17,411
- Profit (loss) carried forward +€163,370
up €163,370 (+62.9%), from -€259,671 to -€96,302
- Other debts -€109,405
down €109,405 (-12.4%), from €879,405 to €770,000
- Accrued charges and deferred income -€14,819
down €14,819 (-45.6%), from €32,475 to €17,655
- Gross operating margin +€73,413
up €73,413 (+40.3%), from €182,205 to €255,619
- Financial charges -€14,325
down €14,325 (-51.0%), from €28,071 to €13,746
- Other operating charges -€10,665
down €10,665 (-17.3%), from €61,738 to €51,073
- Financial income +€10,033
up €10,033 (+50,166,550%), from €0 to €10,033
- Taxes +€7,013
new in 2025: €7,013
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 | €911,583 | €958,535 | +€46,952 | +5.2% |
| Fixed assets | 21/28 | €757,022 | €650,782 | -€106,240 | -14.0% |
| Tangible fixed assets | 22/27 | €757,022 | €650,782 | -€106,240 | -14.0% |
| Land and buildings | 22 | €722,832 | €609,206 | -€113,626 | -15.7% |
| Other tangible fixed assets | 26 | €34,190 | €41,576 | +€7,386 | +21.6% |
| Current assets | 29/58 | €154,561 | €307,754 | +€153,192 | +99.1% |
| Amounts receivable within one year | 40/41 | €241 | - | -€241 | |
| Trade receivables | 40 | €241 | - | -€241 | |
| Cash at bank and in hand | 54/58 | €99,845 | €290,343 | +€190,498 | +191% |
| Deferred charges and accrued income | 490/1 | €54,476 | €17,411 | -€37,065 | -68.0% |
| Total equity and liabilities | 10/49 | €911,583 | €958,535 | +€46,952 | +5.2% |
| Equity | 10/15 | -€17,671 | €145,698 | +€163,370 | |
| Contributions | 10/11 | €220,000 | €220,000 | = | 0.0% |
| Capital | 10 | €220,000 | €220,000 | = | 0.0% |
| Issued capital | 100 | €220,000 | €220,000 | = | 0.0% |
| Reserves | 13 | €22,000 | €22,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €22,000 | €22,000 | = | 0.0% |
| Legal reserve | 130 | €22,000 | €22,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€259,671 | -€96,302 | +€163,370 | +62.9% |
| Amounts payable | 17/49 | €929,254 | €812,837 | -€116,417 | -12.5% |
| Amounts payable after more than one year | 17 | €12,420 | €9,303 | -€3,117 | -25.1% |
| Other amounts payable | 178/9 | €12,420 | €9,303 | -€3,117 | -25.1% |
| Amounts payable within one year | 42/48 | €884,359 | €785,879 | -€98,481 | -11.1% |
| Trade debts | 44 | €4,954 | €8,866 | +€3,911 | +78.9% |
| Suppliers | 440/4 | €4,954 | €8,866 | +€3,911 | +78.9% |
| Taxes, remuneration and social security | 45 | - | €7,013 | +€7,013 | |
| Taxes | 450/3 | - | €7,013 | +€7,013 | |
| Other amounts payable | 47/48 | €879,405 | €770,000 | -€109,405 | -12.4% |
| Accrued charges and deferred income | 492/3 | €32,475 | €17,655 | -€14,819 | -45.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,899 | €30,450 | -€449 | -1.5% |
| Other operating charges | 640/8 | €61,738 | €51,073 | -€10,665 | -17.3% |
| Gross operating margin | 9900 | €182,205 | €255,619 | +€73,413 | +40.3% |
| Operating profit (loss) | 9901 | €89,569 | €174,096 | +€84,527 | +94.4% |
| Financial income | 75/76B | €0 | €10,033 | +€10,033 | +50,166,550% |
| Recurring financial income | 75 | €0 | €10,033 | +€10,033 | +50,166,550% |
| Financial charges | 65/66B | €28,071 | €13,746 | -€14,325 | -51.0% |
| Recurring financial charges | 65 | €28,071 | €13,746 | -€14,325 | -51.0% |
| Profit (loss) for the period before taxes | 9903 | €61,498 | €170,383 | +€108,885 | +177% |
| Income taxes | 67/77 | - | €7,013 | +€7,013 | |
| Profit (loss) for the period | 9904 | €61,498 | €163,370 | +€101,872 | +166% |
| Profit (loss) for the period to be appropriated | 9905 | €61,498 | €163,370 | +€101,872 | +166% |
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.