LE TRIO: 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.
LE TRIO
Largest movements
- Receivables within one year -€60,640
down €60,640 (-20.3%), from €298,075 to €237,435
of which Trade receivables: -€60,093
- Cash -€5,507
down €5,507 (-53.8%), from €10,231 to €4,724
mainly Trade debts (-€51,443) and Investment in fixed assets (net) (-€11,915)
- Trade debts -€51,443
down €51,443 (-71.6%), from €71,821 to €20,378
- Reserves +€13,868
up €13,868 (+14.2%), from €97,823 to €111,691
of which Distributable reserves: +€13,868
- Debts after one year -€11,648
down €11,648 (-35.8%), from €32,494 to €20,846
- Short-term financial debts -€6,878
down €6,878 (-23.2%), from €29,681 to €22,803
- Staff costs +€22,496
up €22,496 (+23.1%), from €97,199 to €119,695
- Gross operating margin -€7,987
down €7,987 (-4.9%), from €163,808 to €155,821
- Taxes -€6,991
down €6,991 (-50.7%), from €13,779 to €6,788
- Depreciation +€5,641
up €5,641 (+77.3%), from €7,298 to €12,940
- Other operating charges -€4,993
down €4,993 (-46.2%), from €10,814 to €5,821
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.
Cash bridge derived
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 | €406,967 | €344,607 | -€62,359 | -15.3% |
| Fixed assets | 21/28 | €97,058 | €96,034 | -€1,024 | -1.1% |
| Tangible fixed assets | 22/27 | €78,094 | €77,070 | -€1,024 | -1.3% |
| Land and buildings | 22 | €66,449 | €58,633 | -€7,817 | -11.8% |
| Plant, machinery and equipment | 23 | €6,706 | €5,742 | -€964 | -14.4% |
| Furniture and vehicles | 24 | €4,939 | €12,696 | +€7,757 | +157.0% |
| Financial fixed assets | 28 | €18,964 | €18,964 | = | 0.0% |
| Current assets | 29/58 | €309,909 | €248,573 | -€61,335 | -19.8% |
| Stocks and contracts in progress | 3 | €884 | €4,842 | +€3,958 | +447.6% |
| Stocks | 30/36 | €884 | €4,842 | +€3,958 | +447.6% |
| Amounts receivable within one year | 40/41 | €298,075 | €237,435 | -€60,640 | -20.3% |
| Trade receivables | 40 | €63,729 | €3,635 | -€60,093 | -94.3% |
| Other amounts receivable | 41 | €234,347 | €233,800 | -€547 | -0.2% |
| Cash at bank and in hand | 54/58 | €10,231 | €4,724 | -€5,507 | -53.8% |
| Deferred charges and accrued income | 490/1 | €718 | €1,572 | +€854 | +118.9% |
| Total equity and liabilities | 10/49 | €406,967 | €344,607 | -€62,359 | -15.3% |
| Equity | 10/15 | €192,289 | €206,158 | +€13,868 | +7.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €97,823 | €111,691 | +€13,868 | +14.2% |
| Non-distributable reserves | 130/1 | €6,627 | €6,627 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,627 | €6,627 | = | 0.0% |
| Distributable reserves | 133 | €91,196 | €105,065 | +€13,868 | +15.2% |
| Profit (loss) carried forward | 14 | €75,875 | €75,875 | = | 0.0% |
| Amounts payable | 17/49 | €214,677 | €138,450 | -€76,228 | -35.5% |
| Amounts payable after more than one year | 17 | €32,494 | €20,846 | -€11,648 | -35.8% |
| Financial debts | 170/4 | €32,494 | €20,846 | -€11,648 | -35.8% |
| Amounts payable within one year | 42/48 | €179,782 | €117,266 | -€62,515 | -34.8% |
| Current portion of amounts payable after more than one year | 42 | €14,843 | €11,653 | -€3,190 | -21.5% |
| Financial debts | 43 | €29,681 | €22,803 | -€6,878 | -23.2% |
| Credit institutions | 430/8 | €29,681 | €22,803 | -€6,878 | -23.2% |
| Trade debts | 44 | €71,821 | €20,378 | -€51,443 | -71.6% |
| Suppliers | 440/4 | €71,821 | €20,378 | -€51,443 | -71.6% |
| Advances received on contracts in progress | 46 | - | €21 | +€21 | |
| Taxes, remuneration and social security | 45 | €60,118 | €59,093 | -€1,025 | -1.7% |
| Taxes | 450/3 | €34,021 | €25,692 | -€8,330 | -24.5% |
| Remuneration and social security | 454/9 | €26,096 | €33,401 | +€7,305 | +28.0% |
| Other amounts payable | 47/48 | €3,319 | €3,319 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €2,401 | €337 | -€2,064 | -85.9% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €97,199 | €119,695 | +€22,496 | +23.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,298 | €12,940 | +€5,641 | +77.3% |
| Other operating charges | 640/8 | €10,814 | €5,821 | -€4,993 | -46.2% |
| Non-recurring operating charges | 66A | €23,244 | - | -€23,244 | |
| Gross operating margin | 9900 | €163,808 | €155,821 | -€7,987 | -4.9% |
| Operating profit (loss) | 9901 | €25,252 | €17,366 | -€7,887 | -31.2% |
| Financial income | 75/76B | €11,200 | €14,334 | +€3,134 | +28.0% |
| Recurring financial income | 75 | €11,200 | €14,334 | +€3,134 | +28.0% |
| Financial charges | 65/66B | €10,411 | €11,043 | +€632 | +6.1% |
| Recurring financial charges | 65 | €10,411 | €11,043 | +€632 | +6.1% |
| Profit (loss) for the period before taxes | 9903 | €26,041 | €20,657 | -€5,385 | -20.7% |
| Income taxes | 67/77 | €13,779 | €6,788 | -€6,991 | -50.7% |
| Profit (loss) for the period | 9904 | €12,262 | €13,868 | +€1,606 | +13.1% |
| Profit (loss) for the period to be appropriated | 9905 | €12,262 | €13,868 | +€1,606 | +13.1% |
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 10 October 2026 via checked.be.