TREVISAN: 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.
TREVISAN
Largest movements
- Cash +€42,494
up €42,494 (+187.1%), from €22,708 to €65,202
mainly Net result for the year (+€26,684) and Depreciation (+€12,067)
- Tangible fixed assets -€18,259
down €18,259 (-9.0%), from €202,018 to €183,759
of which Land and buildings: -€10,750
- Reserves +€26,684
up €26,684 (+12.6%), from €211,400 to €238,085
of which Tax-exempt reserves: +€55,460
- Other debts -€6,062
down €6,062 (-42.9%), from €14,139 to €8,077
- Gross operating margin -€20,002
down €20,002 (-32.4%), from €61,784 to €41,782
- Staff costs -€11,190
no longer reported in 2025 (was €11,190)
- Depreciation -€3,806
down €3,806 (-24.0%), from €15,873 to €12,067
- Taxes -€2,381
no longer reported in 2025 (was €2,381)
- Financial income -€1,754
no longer reported in 2025 (was €1,754)
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 | €245,805 | €269,066 | +€23,261 | +9.5% |
| Fixed assets | 21/28 | €202,018 | €183,759 | -€18,259 | -9.0% |
| Tangible fixed assets | 22/27 | €202,018 | €183,759 | -€18,259 | -9.0% |
| Land and buildings | 22 | €191,875 | €181,125 | -€10,750 | -5.6% |
| Plant, machinery and equipment | 23 | €5,030 | €2,634 | -€2,396 | -47.6% |
| Furniture and vehicles | 24 | €5,113 | - | -€5,113 | |
| Current assets | 29/58 | €43,787 | €85,308 | +€41,521 | +94.8% |
| Amounts receivable within one year | 40/41 | €20,909 | €19,948 | -€960 | -4.6% |
| Trade receivables | 40 | €3,381 | €15,481 | +€12,100 | +357.9% |
| Other amounts receivable | 41 | €17,528 | €4,468 | -€13,060 | -74.5% |
| Cash at bank and in hand | 54/58 | €22,708 | €65,202 | +€42,494 | +187.1% |
| Deferred charges and accrued income | 490/1 | €170 | €157 | -€13 | -7.6% |
| Total equity and liabilities | 10/49 | €245,805 | €269,066 | +€23,261 | +9.5% |
| Equity | 10/15 | €229,992 | €256,677 | +€26,684 | +11.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €211,400 | €238,085 | +€26,684 | +12.6% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €55,460 | +€55,460 | |
| Distributable reserves | 133 | €209,541 | €180,766 | -€28,776 | -13.7% |
| Amounts payable | 17/49 | €15,813 | €12,390 | -€3,423 | -21.6% |
| Amounts payable within one year | 42/48 | €15,813 | €12,390 | -€3,423 | -21.6% |
| Trade debts | 44 | €1,673 | €2,693 | +€1,019 | +60.9% |
| Suppliers | 440/4 | €1,673 | €2,693 | +€1,019 | +60.9% |
| Taxes, remuneration and social security | 45 | - | €1,620 | +€1,620 | |
| Taxes | 450/3 | - | €1,620 | +€1,620 | |
| Other amounts payable | 47/48 | €14,139 | €8,077 | -€6,062 | -42.9% |
| Non-recurring operating income | 76A | - | €59,268 | +€59,268 | |
| Remuneration, social security and pensions | 62 | €11,190 | - | -€11,190 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,873 | €12,067 | -€3,806 | -24.0% |
| Other operating charges | 640/8 | €3,194 | €2,840 | -€354 | -11.1% |
| Gross operating margin | 9900 | €61,784 | €41,782 | -€20,002 | -32.4% |
| Operating profit (loss) | 9901 | €31,527 | €26,875 | -€4,652 | -14.8% |
| Financial income | 75/76B | €1,754 | - | -€1,754 | |
| Recurring financial income | 75 | €1,754 | - | -€1,754 | |
| Financial charges | 65/66B | €559 | €191 | -€368 | -65.9% |
| Recurring financial charges | 65 | €559 | €191 | -€368 | -65.9% |
| Profit (loss) for the period before taxes | 9903 | €32,723 | €26,684 | -€6,038 | -18.5% |
| Income taxes | 67/77 | €2,381 | - | -€2,381 | |
| Profit (loss) for the period | 9904 | €30,342 | €26,684 | -€3,657 | -12.1% |
| Transfer to tax-exempt reserves | 689 | - | €55,460 | +€55,460 | |
| Profit (loss) for the period to be appropriated | 9905 | €30,342 | -€28,776 | -€59,117 |
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 9 October 2026 via checked.be.