TREVO: 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.
TREVO
Largest movements
- Cash +€71,250
up €71,250 (+3442.9%), from €2,069 to €73,320
mainly Net result for the year (+€82,154) and Depreciation (+€16,318)
- Receivables within one year +€13,581
up €13,581 (+50.1%), from €27,101 to €40,681
of which Trade receivables: +€14,146
- Tangible fixed assets -€13,449
down €13,449 (-22.9%), from €58,840 to €45,391
- Deferred charges and accrued income +€12,274
up €12,274 (+801.7%), from €1,531 to €13,805
- Reserves +€80,000
up €80,000 (+309.2%), from €25,875 to €105,875
- Other debts -€18,208
down €18,208 (-40.9%), from €44,481 to €26,273
- Trade debts +€14,235
up €14,235 (+87.4%), from €16,291 to €30,526
- Tax, wage and social debts +€8,574
up €8,574 (+33.9%), from €25,291 to €33,865
- Current portion of long-term debt -€3,100
down €3,100 (-100.0%), from €3,100 to €0
- Gross operating margin +€157,225
up €157,225, from -€26,843 to €130,383
- Taxes +€24,694
up €24,694 (+4724.8%), from €523 to €25,217
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 | €89,541 | €173,197 | +€83,656 | +93.4% |
| Fixed assets | 21/28 | €58,840 | €45,391 | -€13,449 | -22.9% |
| Tangible fixed assets | 22/27 | €58,840 | €45,391 | -€13,449 | -22.9% |
| Land and buildings | 22 | €1,954 | €1,245 | -€710 | -36.3% |
| Furniture and vehicles | 24 | €31,572 | €24,934 | -€6,638 | -21.0% |
| Leasing and similar rights | 25 | €5,155 | €1,756 | -€3,399 | -65.9% |
| Other tangible fixed assets | 26 | €20,159 | €17,457 | -€2,702 | -13.4% |
| Current assets | 29/58 | €30,701 | €127,806 | +€97,105 | +316.3% |
| Amounts receivable within one year | 40/41 | €27,101 | €40,681 | +€13,581 | +50.1% |
| Trade receivables | 40 | €26,535 | €40,681 | +€14,146 | +53.3% |
| Other amounts receivable | 41 | €565 | €0 | -€565 | -100.0% |
| Cash at bank and in hand | 54/58 | €2,069 | €73,320 | +€71,250 | +3442.9% |
| Deferred charges and accrued income | 490/1 | €1,531 | €13,805 | +€12,274 | +801.7% |
| Total equity and liabilities | 10/49 | €89,541 | €173,197 | +€83,656 | +93.4% |
| Equity | 10/15 | €379 | €82,533 | +€82,154 | +21682.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €25,875 | €105,875 | +€80,000 | +309.2% |
| Distributable reserves | 133 | €25,875 | €105,875 | +€80,000 | +309.2% |
| Profit (loss) carried forward | 14 | -€44,096 | -€41,942 | +€2,154 | +4.9% |
| Amounts payable | 17/49 | €89,162 | €90,664 | +€1,502 | +1.7% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €89,162 | €90,664 | +€1,502 | +1.7% |
| Current portion of amounts payable after more than one year | 42 | €3,100 | €0 | -€3,100 | -100.0% |
| Trade debts | 44 | €16,291 | €30,526 | +€14,235 | +87.4% |
| Suppliers | 440/4 | €16,291 | €30,526 | +€14,235 | +87.4% |
| Taxes, remuneration and social security | 45 | €25,291 | €33,865 | +€8,574 | +33.9% |
| Taxes | 450/3 | €25,291 | €33,865 | +€8,574 | +33.9% |
| Other amounts payable | 47/48 | €44,481 | €26,273 | -€18,208 | -40.9% |
| Non-recurring operating income | 76A | €7,357 | €0 | -€7,357 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,223 | €16,318 | +€95 | +0.6% |
| Other operating charges | 640/8 | €1,946 | €1,333 | -€613 | -31.5% |
| Non-recurring operating charges | 66A | €1,548 | €0 | -€1,548 | -100.0% |
| Gross operating margin | 9900 | -€26,843 | €130,383 | +€157,225 | |
| Operating profit (loss) | 9901 | -€46,560 | €112,731 | +€159,291 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €5,698 | €5,361 | -€337 | -5.9% |
| Recurring financial charges | 65 | €5,698 | €5,361 | -€337 | -5.9% |
| Profit (loss) for the period before taxes | 9903 | -€52,258 | €107,371 | +€159,629 | |
| Income taxes | 67/77 | €523 | €25,217 | +€24,694 | +4724.8% |
| Profit (loss) for the period | 9904 | -€52,780 | €82,154 | +€134,935 | |
| Profit (loss) for the period to be appropriated | 9905 | -€52,780 | €82,154 | +€134,935 |
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 5 October 2026 via checked.be.