TRIADE: 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.
TRIADE
Largest movements
- Cash +€140,530
up €140,530 (+171%), from €82,106 to €222,635
mainly Current investments (+€120,000) and Net result for the year (+€27,739)
- Current investments -€120,000
down €120,000 (-100%), from €120,000 to €0
- Receivables within one year +€27,776
up €27,776 (+42.5%), from €65,367 to €93,142
of which Other amounts receivable: +€21,940
- Tangible fixed assets -€19,408
down €19,408 (-42.7%), from €45,406 to €25,998
of which Land and buildings: -€10,425
- Reserves +€27,739
up €27,739 (+11.2%), from €247,184 to €274,923
of which Distributable reserves: +€27,739
- Gross operating margin -€31,259
down €31,259 (-39.5%), from €79,125 to €47,866
- Taxes -€8,022
down €8,022 (-35.2%), from €22,812 to €14,791
- Depreciation -€4,381
down €4,381 (-30.9%), from €14,189 to €9,808
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 | €313,299 | €342,337 | +€29,038 | +9.3% |
| Fixed assets | 21/28 | €45,406 | €25,998 | -€19,408 | -42.7% |
| Tangible fixed assets | 22/27 | €45,406 | €25,998 | -€19,408 | -42.7% |
| Land and buildings | 22 | €10,425 | €0 | -€10,425 | -100% |
| Furniture and vehicles | 24 | €34,981 | €25,998 | -€8,982 | -25.7% |
| Current assets | 29/58 | €267,893 | €316,339 | +€48,446 | +18.1% |
| Amounts receivable within one year | 40/41 | €65,367 | €93,142 | +€27,776 | +42.5% |
| Trade receivables | 40 | - | €5,836 | +€5,836 | |
| Other amounts receivable | 41 | €65,367 | €87,307 | +€21,940 | +33.6% |
| Current investments | 50/53 | €120,000 | €0 | -€120,000 | -100% |
| Cash at bank and in hand | 54/58 | €82,106 | €222,635 | +€140,530 | +171% |
| Deferred charges and accrued income | 490/1 | €420 | €561 | +€141 | +33.4% |
| Total equity and liabilities | 10/49 | €313,299 | €342,337 | +€29,038 | +9.3% |
| Equity | 10/15 | €298,913 | €326,651 | +€27,739 | +9.3% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €247,184 | €274,923 | +€27,739 | +11.2% |
| Tax-exempt reserves | 132 | €34 | €34 | = | 0.0% |
| Distributable reserves | 133 | €247,150 | €274,889 | +€27,739 | +11.2% |
| Profit (loss) carried forward | 14 | €45,531 | €45,531 | = | 0.0% |
| Amounts payable | 17/49 | €14,386 | €15,686 | +€1,299 | +9.0% |
| Amounts payable within one year | 42/48 | €14,386 | €15,686 | +€1,299 | +9.0% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €6,354 | €5,558 | -€796 | -12.5% |
| Suppliers | 440/4 | €6,354 | €5,558 | -€796 | -12.5% |
| Taxes, remuneration and social security | 45 | €8,032 | €10,127 | +€2,095 | +26.1% |
| Taxes | 450/3 | €8,032 | €10,127 | +€2,095 | +26.1% |
| Non-recurring operating income | 76A | €8,134 | €0 | -€8,134 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,189 | €9,808 | -€4,381 | -30.9% |
| Other operating charges | 640/8 | €2,123 | €1,382 | -€741 | -34.9% |
| Gross operating margin | 9900 | €79,125 | €47,866 | -€31,259 | -39.5% |
| Operating profit (loss) | 9901 | €62,814 | €36,676 | -€26,137 | -41.6% |
| Financial income | 75/76B | €5,389 | €6,087 | +€698 | +12.9% |
| Recurring financial income | 75 | €5,389 | €6,087 | +€698 | +12.9% |
| Financial charges | 65/66B | €132 | €234 | +€101 | +76.6% |
| Recurring financial charges | 65 | €132 | €234 | +€101 | +76.6% |
| Profit (loss) for the period before taxes | 9903 | €68,070 | €42,529 | -€25,541 | -37.5% |
| Income taxes | 67/77 | €22,812 | €14,791 | -€8,022 | -35.2% |
| Profit (loss) for the period | 9904 | €45,258 | €27,739 | -€17,519 | -38.7% |
| Profit (loss) for the period to be appropriated | 9905 | €45,258 | €27,739 | -€17,519 | -38.7% |
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 17 October 2026 via checked.be.