TRI-MAX: 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-MAX
Largest movements
- Tangible fixed assets +€11,054
up €11,054 (+3.5%), from €314,036 to €325,090
of which Land and buildings: +€13,514
- Other debts +€14,503
up €14,503 (+25.9%), from €55,973 to €70,476
- Debts after one year -€3,869
down €3,869 (-0.9%), from €444,557 to €440,688
of which Financial debts: -€3,869
- Gross operating margin -€5,807
down €5,807 (-20.1%), from €28,931 to €23,124
- Depreciation +€4,339
up €4,339 (+37.8%), from €11,464 to €15,803
- Other operating charges +€695
up €695 (+59.2%), from €1,174 to €1,868
- Financial charges +€539
up €539 (+12.3%), from €4,388 to €4,927
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 | €315,728 | €327,825 | +€12,097 | +3.8% |
| Fixed assets | 21/28 | €314,036 | €325,090 | +€11,054 | +3.5% |
| Tangible fixed assets | 22/27 | €314,036 | €325,090 | +€11,054 | +3.5% |
| Land and buildings | 22 | €295,216 | €308,730 | +€13,514 | +4.6% |
| Plant, machinery and equipment | 23 | €18,820 | €16,360 | -€2,460 | -13.1% |
| Current assets | 29/58 | €1,692 | €2,735 | +€1,042 | +61.6% |
| Amounts receivable within one year | 40/41 | - | €1,045 | +€1,045 | |
| Trade receivables | 40 | - | €1,045 | +€1,045 | |
| Cash at bank and in hand | 54/58 | €1,692 | €1,689 | -€3 | -0.2% |
| Total equity and liabilities | 10/49 | €315,728 | €327,825 | +€12,097 | +3.8% |
| Equity | 10/15 | -€206,476 | -€205,950 | +€526 | +0.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€225,076 | -€224,550 | +€526 | +0.2% |
| Amounts payable | 17/49 | €522,204 | €533,775 | +€11,571 | +2.2% |
| Amounts payable after more than one year | 17 | €444,557 | €440,688 | -€3,869 | -0.9% |
| Financial debts | 170/4 | €225,294 | €221,425 | -€3,869 | -1.7% |
| Other amounts payable | 178/9 | €219,263 | €219,263 | = | 0.0% |
| Amounts payable within one year | 42/48 | €76,876 | €92,687 | +€15,812 | +20.6% |
| Current portion of amounts payable after more than one year | 42 | €20,211 | €22,211 | +€2,000 | +9.9% |
| Trade debts | 44 | €692 | - | -€692 | |
| Suppliers | 440/4 | €692 | - | -€692 | |
| Other amounts payable | 47/48 | €55,973 | €70,476 | +€14,503 | +25.9% |
| Accrued charges and deferred income | 492/3 | €772 | €400 | -€372 | -48.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,464 | €15,803 | +€4,339 | +37.8% |
| Other operating charges | 640/8 | €1,174 | €1,868 | +€695 | +59.2% |
| Gross operating margin | 9900 | €28,931 | €23,124 | -€5,807 | -20.1% |
| Operating profit (loss) | 9901 | €16,293 | €5,453 | -€10,840 | -66.5% |
| Financial charges | 65/66B | €4,388 | €4,927 | +€539 | +12.3% |
| Recurring financial charges | 65 | €4,388 | €4,927 | +€539 | +12.3% |
| Profit (loss) for the period before taxes | 9903 | €11,905 | €526 | -€11,379 | -95.6% |
| Profit (loss) for the period | 9904 | €11,905 | €526 | -€11,379 | -95.6% |
| Profit (loss) for the period to be appropriated | 9905 | €11,905 | €526 | -€11,379 | -95.6% |
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 12 October 2026 via checked.be.