TREVES-FESIMMO: what changed
TREVES-FESIMMO
Largest movements
- Receivables within one year +€32,022
up €32,022 (+46.9%), from €68,278 to €100,299
of which Trade receivables: +€28,685
- Tangible fixed assets -€23,037
down €23,037 (-4.8%), from €476,065 to €453,028
of which Land and buildings: -€18,675
- Cash -€17,834
down €17,834 (-80.9%), from €22,039 to €4,205
mainly Receivables within one year (-€32,022) and Short-term financial debts (-€29,700)
- Profit (loss) carried forward +€34,989
up €34,989 (+11.5%), from €303,562 to €338,551
- Short-term financial debts -€29,700
down €29,700 (-17.5%), from €169,850 to €140,150
- Current portion of long-term debt -€9,558
down €9,558 (-65.5%), from €14,585 to €5,028
- Gross operating margin -€6,555
down €6,555 (-7.2%), from €90,916 to €84,361
- Taxes -€3,009
down €3,009 (-20.5%), from €14,672 to €11,663
- Other operating charges +€1,767
up €1,767 (+15.0%), from €11,788 to €13,556
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €566,381 | €557,532 | -€8,849 | -1.6% |
| Fixed assets | 21/28 | €476,065 | €453,028 | -€23,037 | -4.8% |
| Tangible fixed assets | 22/27 | €476,065 | €453,028 | -€23,037 | -4.8% |
| Land and buildings | 22 | €442,150 | €423,475 | -€18,675 | -4.2% |
| Plant, machinery and equipment | 23 | €33,915 | €29,553 | -€4,362 | -12.9% |
| Current assets | 29/58 | €90,317 | €104,504 | +€14,188 | +15.7% |
| Amounts receivable within one year | 40/41 | €68,278 | €100,299 | +€32,022 | +46.9% |
| Trade receivables | 40 | €55,156 | €83,841 | +€28,685 | +52.0% |
| Other amounts receivable | 41 | €13,122 | €16,459 | +€3,337 | +25.4% |
| Cash at bank and in hand | 54/58 | €22,039 | €4,205 | -€17,834 | -80.9% |
| Total equity and liabilities | 10/49 | €566,381 | €557,532 | -€8,849 | -1.6% |
| Equity | 10/15 | €371,762 | €406,751 | +€34,989 | +9.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €303,562 | €338,551 | +€34,989 | +11.5% |
| Amounts payable | 17/49 | €194,619 | €150,781 | -€43,839 | -22.5% |
| Amounts payable after more than one year | 17 | €5,028 | - | -€5,028 | |
| Financial debts | 170/4 | €5,028 | - | -€5,028 | |
| Amounts payable within one year | 42/48 | €189,591 | €150,781 | -€38,811 | -20.5% |
| Current portion of amounts payable after more than one year | 42 | €14,585 | €5,028 | -€9,558 | -65.5% |
| Financial debts | 43 | €169,850 | €140,150 | -€29,700 | -17.5% |
| Credit institutions | 430/8 | €169,850 | €140,150 | -€29,700 | -17.5% |
| Trade debts | 44 | €3,573 | €5,603 | +€2,030 | +56.8% |
| Suppliers | 440/4 | €3,573 | €5,603 | +€2,030 | +56.8% |
| Taxes, remuneration and social security | 45 | €1,583 | - | -€1,583 | |
| Taxes | 450/3 | €1,583 | - | -€1,583 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,037 | €23,037 | = | 0.0% |
| Other operating charges | 640/8 | €11,788 | €13,556 | +€1,767 | +15.0% |
| Gross operating margin | 9900 | €90,916 | €84,361 | -€6,555 | -7.2% |
| Operating profit (loss) | 9901 | €56,090 | €47,768 | -€8,322 | -14.8% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €1,758 | €1,117 | -€642 | -36.5% |
| Recurring financial charges | 65 | €1,758 | €1,117 | -€642 | -36.5% |
| Profit (loss) for the period before taxes | 9903 | €54,332 | €46,652 | -€7,680 | -14.1% |
| Income taxes | 67/77 | €14,672 | €11,663 | -€3,009 | -20.5% |
| Profit (loss) for the period | 9904 | €39,660 | €34,989 | -€4,671 | -11.8% |
| Profit (loss) for the period to be appropriated | 9905 | €39,660 | €34,989 | -€4,671 | -11.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.