TRIAM: 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.
TRIAM
Largest movements
- Tangible fixed assets -€21,076
down €21,076 (-8.3%), from €252,525 to €231,449
of which Land and buildings: -€12,621
- Cash +€12,436
up €12,436 (+82.5%), from €15,067 to €27,503
mainly Depreciation (+€21,076) and Receivables within one year (+€10,594)
- Receivables within one year -€10,594
down €10,594 (-53.3%), from €19,865 to €9,271
of which Trade receivables: -€13,151
- Debts after one year -€11,359
down €11,359 (-14.6%), from €77,582 to €66,223
- Trade debts -€6,251
down €6,251 (-68.8%), from €9,087 to €2,836
- Reserves -€3,191
down €3,191 (-2.2%), from €143,362 to €140,172
of which Tax-exempt reserves: -€5,717
- Gross operating margin +€18,753
up €18,753 (+569%), from €3,296 to €22,049
- Other operating charges -€772
down €772 (-17.1%), from €4,512 to €3,740
- Depreciation -€737
down €737 (-3.4%), from €21,812 to €21,076
- Financial charges -€281
down €281 (-13.8%), from €2,040 to €1,759
- Taxes +€253
up €253 (+192%), from €131 to €385
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 | €288,255 | €268,897 | -€19,358 | -6.7% |
| Fixed assets | 21/28 | €252,525 | €231,449 | -€21,076 | -8.3% |
| Tangible fixed assets | 22/27 | €252,525 | €231,449 | -€21,076 | -8.3% |
| Land and buildings | 22 | €232,292 | €219,671 | -€12,621 | -5.4% |
| Plant, machinery and equipment | 23 | €85 | €0 | -€85 | -100% |
| Furniture and vehicles | 24 | €1,053 | €427 | -€626 | -59.4% |
| Leasing and similar rights | 25 | €19,095 | €11,351 | -€7,744 | -40.6% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €35,730 | €37,448 | +€1,718 | +4.8% |
| Amounts receivable within one year | 40/41 | €19,865 | €9,271 | -€10,594 | -53.3% |
| Trade receivables | 40 | €14,559 | €1,408 | -€13,151 | -90.3% |
| Other amounts receivable | 41 | €5,306 | €7,863 | +€2,557 | +48.2% |
| Cash at bank and in hand | 54/58 | €15,067 | €27,503 | +€12,436 | +82.5% |
| Deferred charges and accrued income | 490/1 | €798 | €674 | -€124 | -15.6% |
| Total equity and liabilities | 10/49 | €288,255 | €268,897 | -€19,358 | -6.7% |
| Equity | 10/15 | €161,954 | €158,764 | -€3,191 | -2.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €143,362 | €140,172 | -€3,191 | -2.2% |
| Tax-exempt reserves | 132 | €98,262 | €92,546 | -€5,717 | -5.8% |
| Distributable reserves | 133 | €45,100 | €47,626 | +€2,526 | +5.6% |
| Provisions and deferred taxes | 16 | €24,566 | €23,136 | -€1,429 | -5.8% |
| Deferred taxes | 168 | €24,566 | €23,136 | -€1,429 | -5.8% |
| Amounts payable | 17/49 | €101,735 | €86,997 | -€14,738 | -14.5% |
| Amounts payable after more than one year | 17 | €77,582 | €66,223 | -€11,359 | -14.6% |
| Financial debts | 170/4 | €77,582 | €66,223 | -€11,359 | -14.6% |
| Amounts payable within one year | 42/48 | €23,997 | €20,645 | -€3,352 | -14.0% |
| Current portion of amounts payable after more than one year | 42 | €11,147 | €11,359 | +€213 | +1.9% |
| Trade debts | 44 | €9,087 | €2,836 | -€6,251 | -68.8% |
| Suppliers | 440/4 | €9,087 | €2,836 | -€6,251 | -68.8% |
| Taxes, remuneration and social security | 45 | €3,763 | €6,450 | +€2,687 | +71.4% |
| Taxes | 450/3 | €3,763 | €3,452 | -€312 | -8.3% |
| Remuneration and social security | 454/9 | €0 | €2,998 | +€2,998 | |
| Accrued charges and deferred income | 492/3 | €156 | €129 | -€27 | -17.0% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,812 | €21,076 | -€737 | -3.4% |
| Other operating charges | 640/8 | €4,512 | €3,740 | -€772 | -17.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €3,296 | €22,049 | +€18,753 | +569% |
| Operating profit (loss) | 9901 | -€23,028 | -€2,766 | +€20,262 | +88.0% |
| Financial income | 75/76B | €380 | €290 | -€90 | -23.6% |
| Recurring financial income | 75 | €380 | €290 | -€90 | -23.6% |
| Financial charges | 65/66B | €2,040 | €1,759 | -€281 | -13.8% |
| Recurring financial charges | 65 | €2,040 | €1,759 | -€281 | -13.8% |
| Profit (loss) for the period before taxes | 9903 | -€24,689 | -€4,235 | +€20,453 | +82.8% |
| Transfer from deferred taxes | 780 | €1,429 | €1,429 | = | 0.0% |
| Income taxes | 67/77 | €131 | €385 | +€253 | +192% |
| Profit (loss) for the period | 9904 | -€23,391 | -€3,191 | +€20,200 | +86.4% |
| Transfer from tax-exempt reserves | 789 | €5,717 | €5,717 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,674 | €2,526 | +€20,200 |
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.