Tri-A: 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.
Tri-A
Largest movements
- Receivables within one year +€25,734
up €25,734 (+444%), from €5,790 to €31,524
- Intangible fixed assets +€17,636
up €17,636 (+95.5%), from €18,458 to €36,094
- Cash -€9,687
down €9,687 (-66.1%), from €14,646 to €4,959
mainly Investment in fixed assets (net) (-€43,037) and Receivables within one year (-€25,734)
- Tangible fixed assets +€2,281
up €2,281 (+1,380%), from €165 to €2,446
of which Other tangible fixed assets: +€2,446
- Other debts +€15,596
up €15,596 (+38.0%), from €41,006 to €56,602
- Trade debts +€14,771
up €14,771 (+392%), from €3,772 to €18,544
- Tax, wage and social debts +€8,177
up €8,177 (+40.8%), from €20,027 to €28,204
of which Taxes: +€7,724
- Profit (loss) carried forward -€2,580
down €2,580 (-7.5%), from -€34,350 to -€36,930
- Gross operating margin +€29,739
up €29,739 (+24.3%), from €122,331 to €152,070
- Staff costs +€5,139
up €5,139 (+4.7%), from €109,164 to €114,302
- Depreciation -€4,743
down €4,743 (-17.0%), from €27,863 to €23,120
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 | €39,367 | €75,331 | +€35,964 | +91.4% |
| Fixed assets | 21/28 | €18,728 | €38,645 | +€19,917 | +106% |
| Intangible fixed assets | 21 | €18,458 | €36,094 | +€17,636 | +95.5% |
| Tangible fixed assets | 22/27 | €165 | €2,446 | +€2,281 | +1,380% |
| Plant, machinery and equipment | 23 | €165 | - | -€165 | |
| Other tangible fixed assets | 26 | - | €2,446 | +€2,446 | |
| Financial fixed assets | 28 | €105 | €105 | = | 0.0% |
| Current assets | 29/58 | €20,639 | €36,686 | +€16,047 | +77.8% |
| Amounts receivable within one year | 40/41 | €5,790 | €31,524 | +€25,734 | +444% |
| Trade receivables | 40 | €5,790 | €31,524 | +€25,734 | +444% |
| Cash at bank and in hand | 54/58 | €14,646 | €4,959 | -€9,687 | -66.1% |
| Deferred charges and accrued income | 490/1 | €203 | €203 | +€1 | +0.3% |
| Total equity and liabilities | 10/49 | €39,367 | €75,331 | +€35,964 | +91.4% |
| Equity | 10/15 | -€26,100 | -€28,680 | -€2,580 | -9.9% |
| Contributions | 10/11 | €8,250 | €8,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€34,350 | -€36,930 | -€2,580 | -7.5% |
| Amounts payable | 17/49 | €65,467 | €104,011 | +€38,544 | +58.9% |
| Amounts payable within one year | 42/48 | €64,805 | €103,350 | +€38,544 | +59.5% |
| Trade debts | 44 | €3,772 | €18,544 | +€14,771 | +392% |
| Suppliers | 440/4 | €3,772 | €18,544 | +€14,771 | +392% |
| Taxes, remuneration and social security | 45 | €20,027 | €28,204 | +€8,177 | +40.8% |
| Taxes | 450/3 | €6,596 | €14,320 | +€7,724 | +117% |
| Remuneration and social security | 454/9 | €13,431 | €13,884 | +€453 | +3.4% |
| Other amounts payable | 47/48 | €41,006 | €56,602 | +€15,596 | +38.0% |
| Accrued charges and deferred income | 492/3 | €662 | €662 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €109,164 | €114,302 | +€5,139 | +4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,863 | €23,120 | -€4,743 | -17.0% |
| Other operating charges | 640/8 | €64 | €1,445 | +€1,381 | +2,164% |
| Non-recurring operating charges | 66A | - | €7,985 | +€7,985 | |
| Gross operating margin | 9900 | €122,331 | €152,070 | +€29,739 | +24.3% |
| Operating profit (loss) | 9901 | -€14,759 | €5,218 | +€19,977 | |
| Financial charges | 65/66B | €6,443 | €7,622 | +€1,179 | +18.3% |
| Recurring financial charges | 65 | €6,443 | €7,622 | +€1,179 | +18.3% |
| Profit (loss) for the period before taxes | 9903 | -€21,202 | -€2,404 | +€18,798 | +88.7% |
| Income taxes | 67/77 | €164 | €176 | +€12 | +7.4% |
| Profit (loss) for the period | 9904 | -€21,366 | -€2,580 | +€18,786 | +87.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,366 | -€2,580 | +€18,786 | +87.9% |
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 14 October 2026 via checked.be.