TREZ-RECORDZ: 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.
TREZ-RECORDZ
Largest movements
- Receivables within one year +€67,493
up €67,493 (+129.7%), from €52,038 to €119,531
of which Trade receivables: +€67,697
- Tangible fixed assets +€29,428
up €29,428 (+690.5%), from €4,262 to €33,690
- Cash +€24,722
up €24,722 (+70.0%), from €35,302 to €60,024
mainly Trade debts (+€57,089) and Net result for the year (+€39,374)
- Reserves +€92,481
up €92,481 (+4974.8%), from €1,859 to €94,340
of which Distributable reserves: +€92,481
- Trade debts +€57,089
up €57,089 (+2175.6%), from €2,624 to €59,713
- Profit (loss) carried forward -€53,107
no longer reported in 2024 (was €53,107)
- Accrued charges and deferred income +€23,159
new in 2024: €23,159
- Gross operating margin +€18,646
up €18,646 (+35.6%), from €52,381 to €71,027
- Taxes +€3,281
up €3,281 (+21.3%), from €15,420 to €18,701
- Depreciation +€1,780
up €1,780 (+59.0%), from €3,017 to €4,797
- Financial charges +€1,640
up €1,640 (+380.5%), from €431 to €2,071
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €91,602 | €213,245 | +€121,643 | +132.8% |
| Fixed assets | 21/28 | €4,262 | €33,690 | +€29,428 | +690.5% |
| Tangible fixed assets | 22/27 | €4,262 | €33,690 | +€29,428 | +690.5% |
| Furniture and vehicles | 24 | €4,262 | €33,690 | +€29,428 | +690.5% |
| Current assets | 29/58 | €87,340 | €179,555 | +€92,215 | +105.6% |
| Amounts receivable within one year | 40/41 | €52,038 | €119,531 | +€67,493 | +129.7% |
| Trade receivables | 40 | €37,573 | €105,270 | +€67,697 | +180.2% |
| Other amounts receivable | 41 | €14,465 | €14,261 | -€204 | -1.4% |
| Cash at bank and in hand | 54/58 | €35,302 | €60,024 | +€24,722 | +70.0% |
| Total equity and liabilities | 10/49 | €91,602 | €213,245 | +€121,643 | +132.8% |
| Equity | 10/15 | €73,558 | €112,932 | +€39,374 | +53.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €94,340 | +€92,481 | +4974.8% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | - | €92,481 | +€92,481 | |
| Profit (loss) carried forward | 14 | €53,107 | - | -€53,107 | |
| Amounts payable | 17/49 | €18,044 | €100,313 | +€82,269 | +455.9% |
| Amounts payable within one year | 42/48 | €18,044 | €77,154 | +€59,110 | +327.6% |
| Trade debts | 44 | €2,624 | €59,713 | +€57,089 | +2175.6% |
| Suppliers | 440/4 | €2,624 | €59,713 | +€57,089 | +2175.6% |
| Taxes, remuneration and social security | 45 | €15,420 | €17,441 | +€2,021 | +13.1% |
| Taxes | 450/3 | €15,420 | €17,441 | +€2,021 | +13.1% |
| Accrued charges and deferred income | 492/3 | - | €23,159 | +€23,159 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,017 | €4,797 | +€1,780 | +59.0% |
| Other operating charges | 640/8 | €5,989 | €6,084 | +€95 | +1.6% |
| Gross operating margin | 9900 | €52,381 | €71,027 | +€18,646 | +35.6% |
| Operating profit (loss) | 9901 | €43,375 | €60,146 | +€16,771 | +38.7% |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €431 | €2,071 | +€1,640 | +380.5% |
| Recurring financial charges | 65 | €431 | €2,071 | +€1,640 | +380.5% |
| Profit (loss) for the period before taxes | 9903 | €42,947 | €58,075 | +€15,128 | +35.2% |
| Income taxes | 67/77 | €15,420 | €18,701 | +€3,281 | +21.3% |
| Profit (loss) for the period | 9904 | €27,527 | €39,374 | +€11,847 | +43.0% |
| Profit (loss) for the period to be appropriated | 9905 | €27,527 | €39,374 | +€11,847 | +43.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2023 and 30 June 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.