TREX.PARTS: what changed
TREX.PARTS
Largest movements
- Receivables within one year -€106,321
down €106,321 (-24.5%), from €434,176 to €327,856
of which Trade receivables: -€102,919
- Cash -€22,296
down €22,296 (-33.7%), from €66,217 to €43,921
mainly Trade debts (-€123,150) and Tax, wage and social debts (-€24,166)
- Tangible fixed assets -€8,518
down €8,518 (-36.5%), from €23,328 to €14,810
- Trade debts -€123,150
down €123,150 (-48.5%), from €253,727 to €130,576
- Tax, wage and social debts -€24,166
down €24,166 (-16.3%), from €148,374 to €124,208
of which Remuneration and social security: -€41,404
- Profit (loss) carried forward +€13,534
up €13,534 (+75.6%), from €17,901 to €31,435
- Staff costs -€63,398
down €63,398 (-9.6%), from €662,159 to €598,761
- Gross operating margin -€26,880
down €26,880 (-3.9%), from €688,542 to €661,662
- Other operating charges +€24,253
up €24,253 (+6,890%), from €352 to €24,605
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 | €523,721 | €386,586 | -€137,135 | -26.2% |
| Fixed assets | 21/28 | €23,328 | €14,810 | -€8,518 | -36.5% |
| Tangible fixed assets | 22/27 | €23,328 | €14,810 | -€8,518 | -36.5% |
| Plant, machinery and equipment | 23 | €9,747 | €6,378 | -€3,369 | -34.6% |
| Furniture and vehicles | 24 | €10,584 | €6,717 | -€3,867 | -36.5% |
| Other tangible fixed assets | 26 | €2,996 | €1,714 | -€1,282 | -42.8% |
| Current assets | 29/58 | €500,393 | €371,777 | -€128,617 | -25.7% |
| Amounts receivable within one year | 40/41 | €434,176 | €327,856 | -€106,321 | -24.5% |
| Trade receivables | 40 | €429,950 | €327,031 | -€102,919 | -23.9% |
| Other amounts receivable | 41 | €4,226 | €825 | -€3,401 | -80.5% |
| Cash at bank and in hand | 54/58 | €66,217 | €43,921 | -€22,296 | -33.7% |
| Total equity and liabilities | 10/49 | €523,721 | €386,586 | -€137,135 | -26.2% |
| Equity | 10/15 | €117,901 | €131,435 | +€13,534 | +11.5% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,901 | €31,435 | +€13,534 | +75.6% |
| Amounts payable | 17/49 | €405,820 | €255,151 | -€150,669 | -37.1% |
| Amounts payable within one year | 42/48 | €405,820 | €255,151 | -€150,669 | -37.1% |
| Trade debts | 44 | €253,727 | €130,576 | -€123,150 | -48.5% |
| Suppliers | 440/4 | €253,727 | €130,576 | -€123,150 | -48.5% |
| Taxes, remuneration and social security | 45 | €148,374 | €124,208 | -€24,166 | -16.3% |
| Taxes | 450/3 | €52,138 | €69,376 | +€17,238 | +33.1% |
| Remuneration and social security | 454/9 | €96,237 | €54,832 | -€41,404 | -43.0% |
| Other amounts payable | 47/48 | €3,719 | €366 | -€3,353 | -90.2% |
| Remuneration, social security and pensions | 62 | €662,159 | €598,761 | -€63,398 | -9.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,518 | €8,518 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €708 | €3,200 | +€2,491 | +352% |
| Other operating charges | 640/8 | €352 | €24,605 | +€24,253 | +6,890% |
| Gross operating margin | 9900 | €688,542 | €661,662 | -€26,880 | -3.9% |
| Operating profit (loss) | 9901 | €16,804 | €26,577 | +€9,773 | +58.2% |
| Financial income | 75/76B | - | €75 | +€75 | |
| Recurring financial income | 75 | - | €75 | +€75 | |
| Financial charges | 65/66B | €106 | €1,381 | +€1,274 | +1,198% |
| Recurring financial charges | 65 | €106 | €1,381 | +€1,274 | +1,198% |
| Profit (loss) for the period before taxes | 9903 | €16,698 | €25,271 | +€8,573 | +51.3% |
| Income taxes | 67/77 | €8,784 | €11,737 | +€2,953 | +33.6% |
| Profit (loss) for the period | 9904 | €7,914 | €13,534 | +€5,620 | +71.0% |
| Profit (loss) for the period to be appropriated | 9905 | €7,914 | €13,534 | +€5,620 | +71.0% |
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 3 November 2026 via checked.be.