Le Cercle Trianon: what changed
Le Cercle Trianon
Largest movements
- Cash +€92,076
up €92,076 (+62.0%), from €148,493 to €240,569
mainly Tax, wage and social debts (+€42,682) and Net result for the year (+€38,732)
- Tangible fixed assets -€27,247
down €27,247 (-25.5%), from €106,656 to €79,409
of which Land and buildings: -€19,842
- Deferred charges and accrued income -€5,402
down €5,402 (-14.9%), from €36,359 to €30,957
- Receivables within one year +€5,017
up €5,017 (+24.3%), from €20,606 to €25,623
- Tax, wage and social debts +€42,682
up €42,682 (+78.4%), from €54,410 to €97,092
- Profit (loss) carried forward +€38,732
up €38,732 (+76.5%), from €50,637 to €89,369
- Debts after one year -€8,000
down €8,000 (-9.9%), from €81,000 to €73,000
- Trade debts -€6,526
down €6,526 (-4.9%), from €132,800 to €126,274
- Staff costs +€39,231
up €39,231 (+6.7%), from €581,769 to €620,999
- Gross operating margin -€27,380
down €27,380 (-3.8%), from €711,515 to €684,135
- Other operating charges -€10,489
down €10,489 (-95.9%), from €10,932 to €443
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 | €318,847 | €385,735 | +€66,888 | +21.0% |
| Fixed assets | 21/28 | €107,130 | €79,883 | -€27,247 | -25.4% |
| Tangible fixed assets | 22/27 | €106,656 | €79,409 | -€27,247 | -25.5% |
| Land and buildings | 22 | €26,593 | €6,751 | -€19,842 | -74.6% |
| Plant, machinery and equipment | 23 | €27,456 | €22,931 | -€4,525 | -16.5% |
| Furniture and vehicles | 24 | €39,125 | €39,261 | +€136 | +0.3% |
| Leasing and similar rights | 25 | €13,481 | - | -€13,481 | |
| Other tangible fixed assets | 26 | - | €10,466 | +€10,466 | |
| Financial fixed assets | 28 | €475 | €475 | = | 0.0% |
| Current assets | 29/58 | €211,717 | €305,852 | +€94,135 | +44.5% |
| Stocks and contracts in progress | 3 | €6,258 | €8,702 | +€2,444 | +39.1% |
| Stocks | 30/36 | €6,258 | €8,702 | +€2,444 | +39.1% |
| Amounts receivable within one year | 40/41 | €20,606 | €25,623 | +€5,017 | +24.3% |
| Trade receivables | 40 | €20,606 | €25,623 | +€5,017 | +24.3% |
| Cash at bank and in hand | 54/58 | €148,493 | €240,569 | +€92,076 | +62.0% |
| Deferred charges and accrued income | 490/1 | €36,359 | €30,957 | -€5,402 | -14.9% |
| Total equity and liabilities | 10/49 | €318,847 | €385,735 | +€66,888 | +21.0% |
| Equity | 10/15 | €50,637 | €89,369 | +€38,732 | +76.5% |
| Profit (loss) carried forward | 14 | €50,637 | €89,369 | +€38,732 | +76.5% |
| Amounts payable | 17/49 | €268,210 | €296,367 | +€28,156 | +10.5% |
| Amounts payable after more than one year | 17 | €81,000 | €73,000 | -€8,000 | -9.9% |
| Financial debts | 170/4 | €81,000 | €73,000 | -€8,000 | -9.9% |
| Amounts payable within one year | 42/48 | €187,210 | €223,367 | +€36,156 | +19.3% |
| Trade debts | 44 | €132,800 | €126,274 | -€6,526 | -4.9% |
| Suppliers | 440/4 | €132,800 | €126,274 | -€6,526 | -4.9% |
| Taxes, remuneration and social security | 45 | €54,410 | €97,092 | +€42,682 | +78.4% |
| Taxes | 450/3 | €54,410 | €97,092 | +€42,682 | +78.4% |
| Remuneration, social security and pensions | 62 | €581,769 | €620,999 | +€39,231 | +6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,285 | €23,608 | +€4,323 | +22.4% |
| Other operating charges | 640/8 | €10,932 | €443 | -€10,489 | -95.9% |
| Gross operating margin | 9900 | €711,515 | €684,135 | -€27,380 | -3.8% |
| Operating profit (loss) | 9901 | €99,528 | €39,085 | -€60,444 | -60.7% |
| Financial income | 75/76B | €584 | €685 | +€101 | +17.3% |
| Recurring financial income | 75 | €584 | €685 | +€101 | +17.3% |
| Financial charges | 65/66B | €1,066 | €917 | -€149 | -14.0% |
| Recurring financial charges | 65 | €1,066 | €917 | -€149 | -14.0% |
| Profit (loss) for the period before taxes | 9903 | €99,047 | €38,853 | -€60,194 | -60.8% |
| Income taxes | 67/77 | €46 | €121 | +€75 | +162% |
| Profit (loss) for the period | 9904 | €99,001 | €38,732 | -€60,269 | -60.9% |
| Profit (loss) for the period to be appropriated | 9905 | €99,001 | €38,732 | -€60,269 | -60.9% |
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.