TRI DEE PROJECTS: 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.
TRI DEE PROJECTS
Largest movements
- Stocks and contracts -€465,000
down €465,000 (-100.0%), from €465,000 to €0
- Deferred charges and accrued income +€177,438
up €177,438 (+550.3%), from €32,245 to €209,683
- Current investments +€100,000
up €100,000 (+30.8%), from €325,000 to €425,000
- Receivables within one year +€85,803
up €85,803 (+148.6%), from €57,739 to €143,542
of which Other amounts receivable: +€45,661
- Tangible fixed assets -€53,404
down €53,404 (-4.3%), from €1.2m to €1.2m
of which Land and buildings: -€28,484
- Reserves +€532,114
up €532,114 (+62.9%), from €845,723 to €1.4m
- Other debts -€420,589
down €420,589 (-43.5%), from €965,795 to €545,206
- Debts after one year -€223,006
down €223,006 (-26.9%), from €828,006 to €605,000
of which Financial debts: -€223,006
- Trade debts -€48,492
down €48,492 (-95.6%), from €50,700 to €2,209
- Financial income +€169,232
up €169,232 (+44.3%), from €381,808 to €551,040
- Gross operating margin -€45,841
down €45,841 (-28.0%), from €163,936 to €118,095
- Depreciation -€20,900
down €20,900 (-27.0%), from €77,275 to €56,375
- Financial charges +€16,380
up €16,380 (+31.6%), from €51,879 to €68,258
- Other operating charges +€9,124
up €9,124 (+573.5%), from €1,591 to €10,715
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 | €3,002,732 | €2,855,166 | -€147,566 | -4.9% |
| Fixed assets | 21/28 | €2,069,759 | €2,016,355 | -€53,404 | -2.6% |
| Tangible fixed assets | 22/27 | €1,229,053 | €1,175,648 | -€53,404 | -4.3% |
| Land and buildings | 22 | €1,105,414 | €1,076,929 | -€28,484 | -2.6% |
| Plant, machinery and equipment | 23 | €52,644 | €45,637 | -€7,007 | -13.3% |
| Furniture and vehicles | 24 | €70,081 | €52,632 | -€17,449 | -24.9% |
| Other tangible fixed assets | 26 | €914 | €450 | -€464 | -50.8% |
| Financial fixed assets | 28 | €840,707 | €840,707 | = | 0.0% |
| Current assets | 29/58 | €932,972 | €838,811 | -€94,162 | -10.1% |
| Stocks and contracts in progress | 3 | €465,000 | €0 | -€465,000 | -100.0% |
| Contracts in progress | 37 | €465,000 | €0 | -€465,000 | -100.0% |
| Amounts receivable within one year | 40/41 | €57,739 | €143,542 | +€85,803 | +148.6% |
| Trade receivables | 40 | €49,701 | €89,843 | +€40,142 | +80.8% |
| Other amounts receivable | 41 | €8,038 | €53,699 | +€45,661 | +568.1% |
| Current investments | 50/53 | €325,000 | €425,000 | +€100,000 | +30.8% |
| Cash at bank and in hand | 54/58 | €52,989 | €60,586 | +€7,597 | +14.3% |
| Deferred charges and accrued income | 490/1 | €32,245 | €209,683 | +€177,438 | +550.3% |
| Total equity and liabilities | 10/49 | €3,002,732 | €2,855,166 | -€147,566 | -4.9% |
| Equity | 10/15 | €1,140,723 | €1,672,837 | +€532,114 | +46.6% |
| Contributions | 10/11 | €295,000 | €295,000 | = | 0.0% |
| Reserves | 13 | €845,723 | €1,377,837 | +€532,114 | +62.9% |
| Distributable reserves | 133 | €845,723 | €1,377,837 | +€532,114 | +62.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,862,009 | €1,182,329 | -€679,680 | -36.5% |
| Amounts payable after more than one year | 17 | €828,006 | €605,000 | -€223,006 | -26.9% |
| Financial debts | 170/4 | €223,006 | €0 | -€223,006 | -100.0% |
| Other amounts payable | 178/9 | €605,000 | €605,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,033,076 | €577,070 | -€456,007 | -44.1% |
| Current portion of amounts payable after more than one year | 42 | €13,981 | €0 | -€13,981 | -100.0% |
| Trade debts | 44 | €50,700 | €2,209 | -€48,492 | -95.6% |
| Suppliers | 440/4 | €50,700 | €2,209 | -€48,492 | -95.6% |
| Taxes, remuneration and social security | 45 | €2,600 | €29,655 | +€27,055 | +1040.6% |
| Taxes | 450/3 | €1,500 | €28,555 | +€27,055 | +1803.6% |
| Remuneration and social security | 454/9 | €1,100 | €1,100 | = | 0.0% |
| Other amounts payable | 47/48 | €965,795 | €545,206 | -€420,589 | -43.5% |
| Accrued charges and deferred income | 492/3 | €927 | €259 | -€668 | -72.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77,275 | €56,375 | -€20,900 | -27.0% |
| Other operating charges | 640/8 | €1,591 | €10,715 | +€9,124 | +573.5% |
| Gross operating margin | 9900 | €163,936 | €118,095 | -€45,841 | -28.0% |
| Operating profit (loss) | 9901 | €85,070 | €51,005 | -€34,065 | -40.0% |
| Financial income | 75/76B | €381,808 | €551,040 | +€169,232 | +44.3% |
| Recurring financial income | 75 | €381,808 | €551,040 | +€169,232 | +44.3% |
| Financial charges | 65/66B | €51,879 | €68,258 | +€16,380 | +31.6% |
| Recurring financial charges | 65 | €51,879 | €68,258 | +€16,380 | +31.6% |
| Profit (loss) for the period before taxes | 9903 | €415,000 | €533,786 | +€118,787 | +28.6% |
| Income taxes | 67/77 | €7,663 | €1,672 | -€5,991 | -78.2% |
| Profit (loss) for the period | 9904 | €407,337 | €532,114 | +€124,778 | +30.6% |
| Profit (loss) for the period to be appropriated | 9905 | €407,337 | €532,114 | +€124,778 | +30.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.