FINANCE TRYBOU: what changed
Two fiscal 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.
FINANCE TRYBOU
Largest movements
- Intangible fixed assets +€52,624
up €52,624 (+16.3%), from €321,908 to €374,532
- Cash -€16,244
down €16,244 (-5.9%), from €277,058 to €260,813
mainly Investment in fixed assets (net) (-€131,999) and Debts after one year (-€29,216)
- Receivables within one year +€10,634
up €10,634 (+12.0%), from €88,720 to €99,354
of which Trade receivables: +€50,950
- Tangible fixed assets -€10,450
down €10,450 (-25.2%), from €41,402 to €30,953
of which Furniture and vehicles: -€12,111
- Reserves +€70,042
up €70,042 (+15.6%), from €449,469 to €519,511
- Debts after one year -€29,216
down €29,216 (-85.6%), from €34,118 to €4,903
- Trade debts -€26,601
down €26,601 (-23.3%), from €114,295 to €87,694
- Tax, wage and social debts +€24,030
up €24,030 (+24.5%), from €98,126 to €122,156
of which Remuneration and social security: +€17,528
- Gross operating margin +€119,745
up €119,745 (+20.5%), from €583,680 to €703,426
- Staff costs +€92,005
up €92,005 (+21.7%), from €423,317 to €515,322
- Depreciation +€15,003
up €15,003 (+20.1%), from €74,821 to €89,824
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.
Cash bridge derived
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 | €729,088 | €767,203 | +€38,115 | +5.2% |
| Fixed assets | 21/28 | €363,310 | €405,484 | +€42,174 | +11.6% |
| Intangible fixed assets | 21 | €321,908 | €374,532 | +€52,624 | +16.3% |
| Tangible fixed assets | 22/27 | €41,402 | €30,953 | -€10,450 | -25.2% |
| Plant, machinery and equipment | 23 | - | €1,661 | +€1,661 | |
| Furniture and vehicles | 24 | €41,402 | €29,292 | -€12,111 | -29.3% |
| Current assets | 29/58 | €365,778 | €361,719 | -€4,059 | -1.1% |
| Amounts receivable within one year | 40/41 | €88,720 | €99,354 | +€10,634 | +12.0% |
| Trade receivables | 40 | €0 | €50,950 | +€50,950 | |
| Other amounts receivable | 41 | €88,720 | €48,404 | -€40,317 | -45.4% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €277,058 | €260,813 | -€16,244 | -5.9% |
| Deferred charges and accrued income | 490/1 | €0 | €1,551 | +€1,551 | |
| Total equity and liabilities | 10/49 | €729,088 | €767,203 | +€38,115 | +5.2% |
| Equity | 10/15 | €453,192 | €523,234 | +€70,042 | +15.5% |
| Contributions | 10/11 | €3,724 | €3,724 | = | 0.0% |
| Reserves | 13 | €449,469 | €519,511 | +€70,042 | +15.6% |
| Distributable reserves | 133 | €449,469 | €519,511 | +€70,042 | +15.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €275,896 | €243,969 | -€31,927 | -11.6% |
| Amounts payable after more than one year | 17 | €34,118 | €4,903 | -€29,216 | -85.6% |
| Financial debts | 170/4 | €34,118 | €4,903 | -€29,216 | -85.6% |
| Amounts payable within one year | 42/48 | €241,777 | €239,066 | -€2,711 | -1.1% |
| Current portion of amounts payable after more than one year | 42 | €28,876 | €29,216 | +€340 | +1.2% |
| Trade debts | 44 | €114,295 | €87,694 | -€26,601 | -23.3% |
| Suppliers | 440/4 | €114,295 | €87,694 | -€26,601 | -23.3% |
| Advances received on contracts in progress | 46 | €64 | €0 | -€64 | -100.0% |
| Taxes, remuneration and social security | 45 | €98,126 | €122,156 | +€24,030 | +24.5% |
| Taxes | 450/3 | €13,731 | €20,233 | +€6,502 | +47.4% |
| Remuneration and social security | 454/9 | €84,395 | €101,923 | +€17,528 | +20.8% |
| Other amounts payable | 47/48 | €416 | €0 | -€416 | -100.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €423,317 | €515,322 | +€92,005 | +21.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,821 | €89,824 | +€15,003 | +20.1% |
| Other operating charges | 640/8 | €3,215 | €2,964 | -€251 | -7.8% |
| Gross operating margin | 9900 | €583,680 | €703,426 | +€119,745 | +20.5% |
| Operating profit (loss) | 9901 | €82,328 | €95,316 | +€12,988 | +15.8% |
| Financial income | 75/76B | €6,271 | €1,302 | -€4,969 | -79.2% |
| Recurring financial income | 75 | €6,271 | €1,302 | -€4,969 | -79.2% |
| Financial charges | 65/66B | €2,349 | €2,586 | +€238 | +10.1% |
| Recurring financial charges | 65 | €2,349 | €2,586 | +€238 | +10.1% |
| Profit (loss) for the period before taxes | 9903 | €86,250 | €94,032 | +€7,781 | +9.0% |
| Income taxes | 67/77 | €21,275 | €23,989 | +€2,715 | +12.8% |
| Profit (loss) for the period | 9904 | €64,976 | €70,042 | +€5,066 | +7.8% |
| Profit (loss) for the period to be appropriated | 9905 | €64,976 | €70,042 | +€5,066 | +7.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.