TREMA: what changed
TREMA
Largest movements
- Cash +€3,705
up €3,705 (+90.6%), from €4,091 to €7,796
mainly Other debts (+€8,743) and Depreciation (+€4,946)
- Tangible fixed assets -€2,963
down €2,963 (-44.7%), from €6,623 to €3,660
of which Furniture and vehicles: -€3,398
- Receivables within one year +€1,663
up €1,663 (+71.2%), from €2,337 to €4,000
of which Trade receivables: +€1,152
- Deferred charges and accrued income -€293
down €293 (-20.7%), from €1,413 to €1,120
- Other debts +€8,743
up €8,743 (+128%), from €6,850 to €15,593
- Profit (loss) carried forward -€8,519
down €8,519 (-82.6%), from -€10,318 to -€18,837
- Trade debts +€1,929
up €1,929 (+235%), from €822 to €2,751
- Current portion of long-term debt -€862
no longer reported in 2025 (was €862)
- Tax, wage and social debts +€850
up €850 (+131%), from €650 to €1,500
of which Taxes: +€1,500
- Gross operating margin +€2,236
up €2,236 (+52.9%), from -€4,229 to -€1,993
- Depreciation +€349
up €349 (+7.6%), from €4,598 to €4,946
- Financial charges +€87
up €87 (+10.7%), from €810 to €897
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 | €15,066 | €17,207 | +€2,141 | +14.2% |
| Fixed assets | 21/28 | €6,623 | €3,660 | -€2,963 | -44.7% |
| Tangible fixed assets | 22/27 | €6,623 | €3,660 | -€2,963 | -44.7% |
| Plant, machinery and equipment | 23 | €965 | €1,400 | +€435 | +45.0% |
| Furniture and vehicles | 24 | €5,657 | €2,260 | -€3,398 | -60.1% |
| Current assets | 29/58 | €8,444 | €13,547 | +€5,104 | +60.4% |
| Stocks and contracts in progress | 3 | €603 | €632 | +€29 | +4.7% |
| Stocks | 30/36 | €603 | €632 | +€29 | +4.7% |
| Amounts receivable within one year | 40/41 | €2,337 | €4,000 | +€1,663 | +71.2% |
| Trade receivables | 40 | €514 | €1,666 | +€1,152 | +224% |
| Other amounts receivable | 41 | €1,822 | €2,333 | +€511 | +28.0% |
| Cash at bank and in hand | 54/58 | €4,091 | €7,796 | +€3,705 | +90.6% |
| Deferred charges and accrued income | 490/1 | €1,413 | €1,120 | -€293 | -20.7% |
| Total equity and liabilities | 10/49 | €15,066 | €17,207 | +€2,141 | +14.2% |
| Equity | 10/15 | €5,882 | -€2,637 | -€8,519 | |
| Contributions | 10/11 | €9,296 | €9,296 | = | 0.0% |
| Reserves | 13 | €6,904 | €6,904 | = | 0.0% |
| Distributable reserves | 133 | €6,904 | €6,904 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,318 | -€18,837 | -€8,519 | -82.6% |
| Amounts payable | 17/49 | €9,184 | €19,844 | +€10,660 | +116% |
| Amounts payable within one year | 42/48 | €9,184 | €19,844 | +€10,660 | +116% |
| Current portion of amounts payable after more than one year | 42 | €862 | - | -€862 | |
| Trade debts | 44 | €822 | €2,751 | +€1,929 | +235% |
| Suppliers | 440/4 | €822 | €2,751 | +€1,929 | +235% |
| Taxes, remuneration and social security | 45 | €650 | €1,500 | +€850 | +131% |
| Taxes | 450/3 | - | €1,500 | +€1,500 | |
| Remuneration and social security | 454/9 | €650 | - | -€650 | |
| Other amounts payable | 47/48 | €6,850 | €15,593 | +€8,743 | +128% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,598 | €4,946 | +€349 | +7.6% |
| Other operating charges | 640/8 | €683 | €683 | -€0 | 0.0% |
| Gross operating margin | 9900 | -€4,229 | -€1,993 | +€2,236 | +52.9% |
| Operating profit (loss) | 9901 | -€9,510 | -€7,623 | +€1,887 | +19.8% |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €810 | €897 | +€87 | +10.7% |
| Recurring financial charges | 65 | €810 | €897 | +€87 | +10.7% |
| Profit (loss) for the period before taxes | 9903 | -€10,318 | -€8,519 | +€1,798 | +17.4% |
| Profit (loss) for the period | 9904 | -€10,318 | -€8,519 | +€1,798 | +17.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,318 | -€8,519 | +€1,798 | +17.4% |
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 4 November 2026 via checked.be.