GREG TRILLET: 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.
GREG TRILLET
Largest movements
- Tangible fixed assets +€28,699
up €28,699 (+52.9%), from €54,213 to €82,912
of which Land and buildings: +€44,244
- Receivables within one year -€12,005
down €12,005 (-30.1%), from €39,875 to €27,869
of which Trade receivables: -€26,739
- Cash -€7,116
down €7,116 (-25.5%), from €27,855 to €20,739
mainly Investment in fixed assets (net) (-€52,582) and Trade debts (-€7,603)
- Deferred charges and accrued income +€5,903
up €5,903 (+732%), from €807 to €6,710
- Stocks and contracts +€4,500
new in 2025: €4,500
- Reserves +€23,180
up €23,180 (+37.3%), from €62,179 to €85,359
- Trade debts -€7,603
down €7,603 (-23.1%), from €32,871 to €25,268
- Tax, wage and social debts +€4,091
up €4,091 (+16.7%), from €24,429 to €28,520
- Gross operating margin -€44,421
down €44,421 (-43.2%), from €102,848 to €58,427
- Taxes -€10,359
down €10,359 (-57.5%), from €18,026 to €7,667
- Depreciation +€5,515
up €5,515 (+30.0%), from €18,369 to €23,884
- Other operating charges -€2,843
down €2,843 (-78.0%), from €3,646 to €803
- Financial charges +€2,040
up €2,040 (+324%), from €629 to €2,669
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 | €122,749 | €142,730 | +€19,981 | +16.3% |
| Fixed assets | 21/28 | €54,213 | €82,912 | +€28,699 | +52.9% |
| Tangible fixed assets | 22/27 | €54,213 | €82,912 | +€28,699 | +52.9% |
| Land and buildings | 22 | €6,464 | €50,708 | +€44,244 | +684% |
| Plant, machinery and equipment | 23 | €27,646 | €20,607 | -€7,039 | -25.5% |
| Furniture and vehicles | 24 | €20,104 | €11,597 | -€8,506 | -42.3% |
| Current assets | 29/58 | €68,536 | €59,818 | -€8,718 | -12.7% |
| Stocks and contracts in progress | 3 | - | €4,500 | +€4,500 | |
| Contracts in progress | 37 | - | €4,500 | +€4,500 | |
| Amounts receivable within one year | 40/41 | €39,875 | €27,869 | -€12,005 | -30.1% |
| Trade receivables | 40 | €33,173 | €6,434 | -€26,739 | -80.6% |
| Other amounts receivable | 41 | €6,702 | €21,435 | +€14,734 | +220% |
| Cash at bank and in hand | 54/58 | €27,855 | €20,739 | -€7,116 | -25.5% |
| Deferred charges and accrued income | 490/1 | €807 | €6,710 | +€5,903 | +732% |
| Total equity and liabilities | 10/49 | €122,749 | €142,730 | +€19,981 | +16.3% |
| Equity | 10/15 | €65,179 | €88,359 | +€23,180 | +35.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €62,179 | €85,359 | +€23,180 | +37.3% |
| Distributable reserves | 133 | €62,179 | €85,359 | +€23,180 | +37.3% |
| Amounts payable | 17/49 | €57,570 | €54,371 | -€3,199 | -5.6% |
| Amounts payable within one year | 42/48 | €57,570 | €54,371 | -€3,199 | -5.6% |
| Trade debts | 44 | €32,871 | €25,268 | -€7,603 | -23.1% |
| Suppliers | 440/4 | €32,871 | €25,268 | -€7,603 | -23.1% |
| Taxes, remuneration and social security | 45 | €24,429 | €28,520 | +€4,091 | +16.7% |
| Taxes | 450/3 | €24,429 | €28,520 | +€4,091 | +16.7% |
| Other amounts payable | 47/48 | €270 | €583 | +€313 | +116% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,369 | €23,884 | +€5,515 | +30.0% |
| Other operating charges | 640/8 | €3,646 | €803 | -€2,843 | -78.0% |
| Gross operating margin | 9900 | €102,848 | €58,427 | -€44,421 | -43.2% |
| Operating profit (loss) | 9901 | €80,833 | €33,740 | -€47,093 | -58.3% |
| Financial income | 75/76B | €1 | €609 | +€609 | +77,033% |
| Recurring financial income | 75 | €1 | €609 | +€609 | +77,033% |
| Financial charges | 65/66B | €629 | €2,669 | +€2,040 | +324% |
| Recurring financial charges | 65 | €629 | €2,669 | +€2,040 | +324% |
| Profit (loss) for the period before taxes | 9903 | €80,205 | €31,681 | -€48,524 | -60.5% |
| Income taxes | 67/77 | €18,026 | €7,667 | -€10,359 | -57.5% |
| Profit (loss) for the period | 9904 | €62,179 | €24,013 | -€38,165 | -61.4% |
| Profit (loss) for the period to be appropriated | 9905 | €62,179 | €24,013 | -€38,165 | -61.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.