TRINH FRERES: 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.
TRINH FRERES
Largest movements
- Receivables within one year +€15,961
up €15,961 (+54.3%), from €29,406 to €45,367
of which Other amounts receivable: +€15,191
- Tangible fixed assets -€10,403
down €10,403 (-33.7%), from €30,874 to €20,471
- Cash -€6,600
down €6,600 (-3.8%), from €174,079 to €167,479
mainly Trade debts (-€21,281) and Receivables within one year (-€15,961)
- Trade debts -€21,281
down €21,281 (-42.2%), from €50,446 to €29,166
- Debts after one year +€20,509
up €20,509 (+41.9%), from €48,943 to €69,453
- Tax, wage and social debts -€5,420
down €5,420 (-93.8%), from €5,777 to €357
of which Remuneration and social security: -€3,398
- Profit (loss) carried forward +€3,425
up €3,425 (+3.3%), from €104,351 to €107,776
- Turnover -€95,527
down €95,527 (-32.2%), from €296,550 to €201,022
- Gross operating margin -€44,212
down €44,212 (-56.3%), from €78,539 to €34,326
- Staff costs -€15,391
down €15,391 (-54.7%), from €28,138 to €12,747
- Taxes -€8,163
down €8,163 (-85.0%), from €9,606 to €1,443
- Financial income -€3,131
down €3,131 (-80.9%), from €3,872 to €741
of which Non-recurring financial income: -€3,037
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.
Derived cash bridge
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 | €267,160 | €265,593 | -€1,567 | -0.6% |
| Fixed assets | 21/28 | €31,842 | €21,439 | -€10,403 | -32.7% |
| Tangible fixed assets | 22/27 | €30,874 | €20,471 | -€10,403 | -33.7% |
| Furniture and vehicles | 24 | €30,874 | €20,471 | -€10,403 | -33.7% |
| Financial fixed assets | 28 | €968 | €968 | = | 0.0% |
| Current assets | 29/58 | €235,319 | €244,154 | +€8,835 | +3.8% |
| Stocks and contracts in progress | 3 | €31,833 | €31,307 | -€526 | -1.7% |
| Stocks | 30/36 | €31,833 | €31,307 | -€526 | -1.7% |
| Amounts receivable within one year | 40/41 | €29,406 | €45,367 | +€15,961 | +54.3% |
| Trade receivables | 40 | - | €770 | +€770 | |
| Other amounts receivable | 41 | €29,406 | €44,597 | +€15,191 | +51.7% |
| Cash at bank and in hand | 54/58 | €174,079 | €167,479 | -€6,600 | -3.8% |
| Total equity and liabilities | 10/49 | €267,160 | €265,593 | -€1,567 | -0.6% |
| Equity | 10/15 | €145,271 | €148,696 | +€3,425 | +2.4% |
| Contributions | 10/11 | €37,200 | €37,200 | = | 0.0% |
| Contributions outside capital | 11 | €37,200 | - | -€37,200 | |
| Share premium | 1100/10 | €37,200 | - | -€37,200 | |
| Reserves | 13 | €3,720 | €3,720 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,720 | €3,720 | = | 0.0% |
| Legal reserve | 130 | €3,720 | - | -€3,720 | |
| Reserves not available under the articles | 1311 | - | €3,720 | +€3,720 | |
| Profit (loss) carried forward | 14 | €104,351 | €107,776 | +€3,425 | +3.3% |
| Amounts payable | 17/49 | €121,890 | €116,897 | -€4,993 | -4.1% |
| Amounts payable after more than one year | 17 | €48,943 | €69,453 | +€20,509 | +41.9% |
| Financial debts | 170/4 | €48,943 | €69,453 | +€20,509 | +41.9% |
| Amounts payable within one year | 42/48 | €72,946 | €47,444 | -€25,502 | -35.0% |
| Current portion of amounts payable after more than one year | 42 | €3,296 | €5,794 | +€2,499 | +75.8% |
| Trade debts | 44 | €50,446 | €29,166 | -€21,281 | -42.2% |
| Suppliers | 440/4 | €50,446 | €29,166 | -€21,281 | -42.2% |
| Taxes, remuneration and social security | 45 | €5,777 | €357 | -€5,420 | -93.8% |
| Taxes | 450/3 | €2,379 | €357 | -€2,022 | -85.0% |
| Remuneration and social security | 454/9 | €3,398 | - | -€3,398 | |
| Other amounts payable | 47/48 | €13,428 | €12,128 | -€1,300 | -9.7% |
| Turnover | 70 | €296,550 | €201,022 | -€95,527 | -32.2% |
| Remuneration, social security and pensions | 62 | €28,138 | €12,747 | -€15,391 | -54.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,145 | €10,421 | +€1,276 | +14.0% |
| Other operating charges | 640/8 | €2,421 | €1,697 | -€724 | -29.9% |
| Gross operating margin | 9900 | €78,539 | €34,326 | -€44,212 | -56.3% |
| Operating profit (loss) | 9901 | €38,836 | €9,462 | -€29,374 | -75.6% |
| Financial income | 75/76B | €3,872 | €741 | -€3,131 | -80.9% |
| Recurring financial income | 75 | €218 | €124 | -€94 | -43.1% |
| Non-recurring financial income | 76B | €3,654 | €617 | -€3,037 | -83.1% |
| Financial charges | 65/66B | €3,874 | €3,534 | -€339 | -8.8% |
| Recurring financial charges | 65 | €3,874 | €3,534 | -€339 | -8.8% |
| Profit (loss) for the period before taxes | 9903 | €38,834 | €6,668 | -€32,165 | -82.8% |
| Income taxes | 67/77 | €9,606 | €1,443 | -€8,163 | -85.0% |
| Profit (loss) for the period | 9904 | €29,228 | €5,225 | -€24,003 | -82.1% |
| Profit (loss) for the period to be appropriated | 9905 | €29,228 | €5,225 | -€24,003 | -82.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.