TREVION: 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.
What changed
TREVION
NACE 35.150, Electricity, gas, steam and air conditioning supply
fiscal year 31-12-2024 against 31-12-2025filed annual accounts (NBB)
Net result for the year
€2.1m
31-12-2024 · €1.6m+€460,314
Equity
€2.9m
31-12-2024 · €1.8m+€1.1m
Cash
€276,898
31-12-2024 · €251,237+€25,661
Balance sheet total
€11.3m
31-12-2024 · €9.0m+€2.3m
Largest movements
Assets
- Receivables within one year +€914,670
up €914,670 (+13.1%), from €7.0m to €7.9m
of which Trade receivables: +€2.6m
- Current investments +€800,793
new in 2025: €800,793
- Deferred charges and accrued income +€687,783
up €687,783 (+44.1%), from €1.6m to €2.2m
- Financial fixed assets -€143,000
down €143,000 (-96.0%), from €149,000 to €6,000
Equity and liabilities
- Advances received +€2.6m
up €2.6m, from €0 to €2.6m
- Reserves +€1.1m
up €1.1m (+90.8%), from €1.2m to €2.3m
of which Distributable reserves: +€1.1m
- Accrued charges and deferred income -€790,490
down €790,490 (-83.4%), from €948,135 to €157,645
- Provisions -€577,673
down €577,673 (-71.4%), from €809,215 to €231,542
- Other debts -€502,831
down €502,831 (-32.8%), from €1.5m to €1.0m
Income statement
- Turnover +€5.3m
up €5.3m (+16.5%), from €32.2m to €37.5m
- Goods and materials +€4.2m
up €4.2m (+14.0%), from €30.0m to €34.2m
From the 31-12-2024 result to the 31-12-2025 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.
Result 31-12-2024
€1.6m
Turnover
+€5.3m
Other operating income
-€23,705
Goods and materials
-€4.2m
Services and other goods
-€330,689
Staff costs
-€21,849
Depreciation
+€3,402
Provisions
+€181,000
Other operating charges
-€239,788
Financial income
-€72,296
Financial charges
+€1,825
Taxes
-€170,136
Result 31-12-2025
€2.1m
Cash bridge derived
Derived from the 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€1.7m
Investment
-€669,730
Financing
-€1.0m
Cash 31-12-2024
€251,237
From operations (derived)
+€1.7m
Net result for the year
+€2.1m
Depreciation
+€16,535
Receivables within one year
-€914,670
Deferred charges and accrued income
-€687,783
Provisions
-€577,673
Trade debts
+€257,940
Tax, wage and social debts
+€206,918
Advances received
+€2.6m
Other debts
-€502,831
Accrued charges and deferred income
-€790,490
Investment (derived)
-€669,730
Investment in fixed assets (net)
+€131,063
Current investments
-€800,793
Financing
-€1.0m
Contributions, distributions and other
-€1.0m
Cash 31-12-2025
€276,898
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,982,780 | €11,264,090 | +€2.3m | +25.4% |
| Fixed assets | 21/28 | €193,820 | €46,223 | -€147,597 | -76.2% |
| Intangible fixed assets | 21 | €7,182 | €12,481 | +€5,299 | +73.8% |
| Tangible fixed assets | 22/27 | €37,638 | €27,742 | -€9,896 | -26.3% |
| Plant, machinery and equipment | 23 | €2,226 | €1,990 | -€236 | -10.6% |
| Furniture and vehicles | 24 | €35,412 | €25,752 | -€9,660 | -27.3% |
| Financial fixed assets | 28 | €149,000 | €6,000 | -€143,000 | -96.0% |
| Other financial fixed assets | 284/8 | €149,000 | €6,000 | -€143,000 | -96.0% |
| Amounts receivable and cash guarantees | 285/8 | €149,000 | €6,000 | -€143,000 | -96.0% |
| Current assets | 29/58 | €8,788,960 | €11,217,867 | +€2.4m | +27.6% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €6,979,390 | €7,894,060 | +€914,670 | +13.1% |
| Trade receivables | 40 | €3,524,811 | €6,136,970 | +€2.6m | +74.1% |
| Other amounts receivable | 41 | €3,454,579 | €1,757,090 | -€1.7m | -49.1% |
| Current investments | 50/53 | - | €800,793 | +€800,793 | |
| Other investments | 51/53 | - | €800,793 | +€800,793 | |
| Cash at bank and in hand | 54/58 | €251,237 | €276,898 | +€25,661 | +10.2% |
| Deferred charges and accrued income | 490/1 | €1,558,333 | €2,246,116 | +€687,783 | +44.1% |
| Total equity and liabilities | 10/49 | €8,982,780 | €11,264,090 | +€2.3m | +25.4% |
| Equity | 10/15 | €1,768,832 | €2,863,604 | +€1.1m | +61.9% |
| Contributions | 10/11 | €562,500 | €562,500 | = | 0.0% |
| Capital | 10 | €562,500 | €562,500 | = | 0.0% |
| Issued capital | 100 | €562,500 | €562,500 | = | 0.0% |
| Reserves | 13 | €1,206,332 | €2,301,104 | +€1.1m | +90.8% |
| Non-distributable reserves | 130/1 | €56,250 | €56,250 | = | 0.0% |
| Legal reserve | 130 | €56,250 | €56,250 | = | 0.0% |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €1,150,082 | €2,244,854 | +€1.1m | +95.2% |
| Provisions and deferred taxes | 16 | €809,215 | €231,542 | -€577,673 | -71.4% |
| Provisions for liabilities and charges | 160/5 | €809,215 | €231,542 | -€577,673 | -71.4% |
| Other liabilities and charges | 164/5 | €809,215 | €231,542 | -€577,673 | -71.4% |
| Amounts payable | 17/49 | €6,404,733 | €8,168,944 | +€1.8m | +27.5% |
| Amounts payable within one year | 42/48 | €5,456,598 | €8,011,299 | +€2.6m | +46.8% |
| Trade debts | 44 | €3,861,657 | €4,119,597 | +€257,940 | +6.7% |
| Suppliers | 440/4 | €3,861,657 | €4,119,597 | +€257,940 | +6.7% |
| Advances received on contracts in progress | 46 | €0 | €2,592,675 | +€2.6m | |
| Taxes, remuneration and social security | 45 | €63,709 | €270,627 | +€206,918 | +324.8% |
| Taxes | 450/3 | €35,261 | €236,849 | +€201,587 | +571.7% |
| Remuneration and social security | 454/9 | €28,448 | €33,778 | +€5,331 | +18.7% |
| Other amounts payable | 47/48 | €1,531,232 | €1,028,401 | -€502,831 | -32.8% |
| Accrued charges and deferred income | 492/3 | €948,135 | €157,645 | -€790,490 | -83.4% |
| Operating income | 70/76A | €32,253,712 | €37,556,077 | +€5.3m | +16.4% |
| Turnover | 70 | €32,207,661 | €37,533,732 | +€5.3m | +16.5% |
| Other operating income | 74 | €46,051 | €22,345 | -€23,705 | -51.5% |
| Operating charges | 60/66A | €30,519,201 | €35,120,646 | +€4.6m | +15.1% |
| Goods for resale, raw materials and consumables | 60 | €29,999,291 | €34,192,811 | +€4.2m | +14.0% |
| Purchases | 600/8 | €29,999,291 | €34,192,811 | +€4.2m | +14.0% |
| Services and other goods | 61 | €538,140 | €868,830 | +€330,689 | +61.5% |
| Remuneration, social security and pensions | 62 | €331,411 | €353,260 | +€21,849 | +6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,937 | €16,535 | -€3,402 | -17.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€396,673 | -€577,673 | -€181,000 | -45.6% |
| Other operating charges | 640/8 | €27,096 | €266,884 | +€239,788 | +885.0% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Operating profit (loss) | 9901 | €1,734,510 | €2,435,431 | +€700,920 | +40.4% |
| Financial income | 75/76B | €120,546 | €48,251 | -€72,296 | -60.0% |
| Recurring financial income | 75 | €120,546 | €48,251 | -€72,296 | -60.0% |
| Income from current assets | 751 | €110,693 | €33,705 | -€76,988 | -69.6% |
| Other financial income | 752/9 | €9,853 | €14,546 | +€4,692 | +47.6% |
| Financial charges | 65/66B | €7,302 | €5,476 | -€1,825 | -25.0% |
| Recurring financial charges | 65 | €7,302 | €5,476 | -€1,825 | -25.0% |
| Debt charges | 650 | €215 | €57 | -€158 | -73.6% |
| Other financial charges | 652/9 | €7,087 | €5,420 | -€1,667 | -23.5% |
| Profit (loss) for the period before taxes | 9903 | €1,847,755 | €2,478,205 | +€630,450 | +34.1% |
| Income taxes | 67/77 | €213,298 | €383,433 | +€170,136 | +79.8% |
| Taxes | 670/3 | €213,298 | €383,433 | +€170,136 | +79.8% |
| Profit (loss) for the period | 9904 | €1,634,457 | €2,094,772 | +€460,314 | +28.2% |
| Transfer from tax-exempt reserves | 789 | €84,200 | €0 | -€84,200 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,718,657 | €2,094,772 | +€376,114 | +21.9% |
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 7 October 2026 via checked.be.