TRI-PHASES: 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-PHASES
Largest movements
No asset line moved by more than 1% of the balance sheet total.
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€6,585
down €6,585 (-28.3%), from €23,253 to €16,668
- Taxes -€1,016
down €1,016 (-39.8%), from €2,552 to €1,536
- Staff costs -€763
no longer reported in 2025 (was €763)
- Financial charges -€527
down €527 (-12.6%), from €4,172 to €3,645
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 | €1,118,611 | €1,114,507 | -€4,104 | -0.4% |
| Fixed assets | 21/28 | €1,098,522 | €1,090,335 | -€8,187 | -0.7% |
| Tangible fixed assets | 22/27 | €167,522 | €159,335 | -€8,187 | -4.9% |
| Land and buildings | 22 | €146,955 | €141,572 | -€5,383 | -3.7% |
| Plant, machinery and equipment | 23 | €20,568 | €17,764 | -€2,804 | -13.6% |
| Financial fixed assets | 28 | €931,000 | €931,000 | = | 0.0% |
| Current assets | 29/58 | €20,089 | €24,172 | +€4,083 | +20.3% |
| Amounts receivable within one year | 40/41 | €15,117 | €16,036 | +€919 | +6.1% |
| Trade receivables | 40 | €10,870 | €10,123 | -€747 | -6.9% |
| Other amounts receivable | 41 | €4,247 | €5,913 | +€1,666 | +39.2% |
| Cash at bank and in hand | 54/58 | €4,006 | €7,567 | +€3,561 | +88.9% |
| Deferred charges and accrued income | 490/1 | €966 | €570 | -€396 | -41.0% |
| Total equity and liabilities | 10/49 | €1,118,611 | €1,114,507 | -€4,104 | -0.4% |
| Equity | 10/15 | €963,665 | €964,488 | +€823 | +0.1% |
| Contributions | 10/11 | €696,000 | €696,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €257,665 | €258,488 | +€823 | +0.3% |
| Amounts payable | 17/49 | €154,946 | €150,019 | -€4,927 | -3.2% |
| Amounts payable after more than one year | 17 | €126,445 | €117,416 | -€9,029 | -7.1% |
| Financial debts | 170/4 | €126,445 | €117,416 | -€9,029 | -7.1% |
| Amounts payable within one year | 42/48 | €28,501 | €32,603 | +€4,102 | +14.4% |
| Current portion of amounts payable after more than one year | 42 | €10,526 | €10,739 | +€214 | +2.0% |
| Trade debts | 44 | €2,571 | - | -€2,571 | |
| Suppliers | 440/4 | €2,571 | - | -€2,571 | |
| Taxes, remuneration and social security | 45 | €826 | €276 | -€550 | -66.6% |
| Taxes | 450/3 | €826 | €276 | -€550 | -66.6% |
| Other amounts payable | 47/48 | €14,579 | €21,588 | +€7,009 | +48.1% |
| Remuneration, social security and pensions | 62 | €763 | - | -€763 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,403 | €8,187 | -€216 | -2.6% |
| Other operating charges | 640/8 | €2,663 | €2,482 | -€181 | -6.8% |
| Gross operating margin | 9900 | €23,253 | €16,668 | -€6,585 | -28.3% |
| Operating profit (loss) | 9901 | €11,423 | €5,999 | -€5,424 | -47.5% |
| Financial income | 75/76B | - | €5 | +€5 | |
| Recurring financial income | 75 | - | €5 | +€5 | |
| Financial charges | 65/66B | €4,172 | €3,645 | -€527 | -12.6% |
| Recurring financial charges | 65 | €4,172 | €3,645 | -€527 | -12.6% |
| Profit (loss) for the period before taxes | 9903 | €7,251 | €2,359 | -€4,893 | -67.5% |
| Income taxes | 67/77 | €2,552 | €1,536 | -€1,016 | -39.8% |
| Profit (loss) for the period | 9904 | €4,700 | €823 | -€3,877 | -82.5% |
| Profit (loss) for the period to be appropriated | 9905 | €4,700 | €823 | -€3,877 | -82.5% |
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.