Trezano: 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.
Trezano
Largest movements
- Cash +€437,035
up €437,035 (+1,289%), from €33,907 to €470,942
mainly Net result for the year (+€343,095) and Investment in fixed assets (net) (+€325,877)
- Financial fixed assets -€333,300
down €333,300 (-100%), from €333,300 to €0
- Receivables within one year +€84,616
up €84,616 (+885%), from €9,557 to €94,173
of which Trade receivables: +€51,558
- Current investments -€25,000
down €25,000 (-100%), from €25,000 to €0
- Deferred charges and accrued income -€8,140
down €8,140 (-73.8%), from €11,029 to €2,889
- Reserves +€343,095
up €343,095 (+795%), from €43,135 to €386,230
- Short-term financial debts -€251,075
down €251,075 (-100%), from €251,075 to €0
- Tax, wage and social debts +€138,158
up €138,158 (+1,382%), from €9,996 to €148,154
- Debts after one year -€92,677
down €92,677 (-100%), from €92,677 to €0
- Trade debts +€61,549
up €61,549 (+623%), from €9,887 to €71,435
- Gross operating margin +€295,951
up €295,951 (+150%), from €196,690 to €492,641
- Taxes +€99,732
up €99,732 (+437%), from €22,808 to €122,541
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.
Derived cash bridge
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 | €476,384 | €623,724 | +€147,340 | +30.9% |
| Fixed assets | 21/28 | €396,891 | €55,720 | -€341,171 | -86.0% |
| Tangible fixed assets | 22/27 | €63,591 | €55,720 | -€7,871 | -12.4% |
| Plant, machinery and equipment | 23 | €30,473 | €27,717 | -€2,756 | -9.0% |
| Furniture and vehicles | 24 | €33,118 | €28,003 | -€5,115 | -15.4% |
| Financial fixed assets | 28 | €333,300 | €0 | -€333,300 | -100% |
| Current assets | 29/58 | €79,493 | €568,004 | +€488,511 | +615% |
| Amounts receivable within one year | 40/41 | €9,557 | €94,173 | +€84,616 | +885% |
| Trade receivables | 40 | €5,304 | €56,862 | +€51,558 | +972% |
| Other amounts receivable | 41 | €4,253 | €37,311 | +€33,058 | +777% |
| Current investments | 50/53 | €25,000 | €0 | -€25,000 | -100% |
| Cash at bank and in hand | 54/58 | €33,907 | €470,942 | +€437,035 | +1,289% |
| Deferred charges and accrued income | 490/1 | €11,029 | €2,889 | -€8,140 | -73.8% |
| Total equity and liabilities | 10/49 | €476,384 | €623,724 | +€147,340 | +30.9% |
| Equity | 10/15 | €58,135 | €401,230 | +€343,095 | +590% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €43,135 | €386,230 | +€343,095 | +795% |
| Distributable reserves | 133 | €43,135 | €386,230 | +€343,095 | +795% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €418,249 | €222,494 | -€195,755 | -46.8% |
| Amounts payable after more than one year | 17 | €92,677 | €0 | -€92,677 | -100% |
| Financial debts | 170/4 | €92,677 | €0 | -€92,677 | -100% |
| Amounts payable within one year | 42/48 | €311,124 | €219,589 | -€91,535 | -29.4% |
| Current portion of amounts payable after more than one year | 42 | €34,179 | €0 | -€34,179 | -100% |
| Financial debts | 43 | €251,075 | €0 | -€251,075 | -100% |
| Other loans | 439 | €251,075 | €0 | -€251,075 | -100% |
| Trade debts | 44 | €9,887 | €71,435 | +€61,549 | +623% |
| Suppliers | 440/4 | €9,887 | €71,435 | +€61,549 | +623% |
| Taxes, remuneration and social security | 45 | €9,996 | €148,154 | +€138,158 | +1,382% |
| Taxes | 450/3 | €9,996 | €148,154 | +€138,158 | +1,382% |
| Other amounts payable | 47/48 | €5,987 | €0 | -€5,987 | -100% |
| Accrued charges and deferred income | 492/3 | €14,448 | €2,905 | -€11,544 | -79.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,228 | €15,294 | +€4,066 | +36.2% |
| Other operating charges | 640/8 | €511 | €1,648 | +€1,137 | +223% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €196,690 | €492,641 | +€295,951 | +150% |
| Operating profit (loss) | 9901 | €184,951 | €475,699 | +€290,748 | +157% |
| Financial income | 75/76B | €9,682 | €8,064 | -€1,618 | -16.7% |
| Recurring financial income | 75 | €9,682 | €8,064 | -€1,618 | -16.7% |
| Financial charges | 65/66B | €21,748 | €18,128 | -€3,621 | -16.6% |
| Recurring financial charges | 65 | €21,748 | €18,128 | -€3,621 | -16.6% |
| Profit (loss) for the period before taxes | 9903 | €172,884 | €465,635 | +€292,751 | +169% |
| Income taxes | 67/77 | €22,808 | €122,541 | +€99,732 | +437% |
| Profit (loss) for the period | 9904 | €150,076 | €343,095 | +€193,019 | +129% |
| Profit (loss) for the period to be appropriated | 9905 | €150,076 | €343,095 | +€193,019 | +129% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.