TRIANGIS: 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.
TRIANGIS
Largest movements
- Current investments +€28,939
up €28,939 (+3.7%), from €780,922 to €809,861
- Cash +€28,033
up €28,033 (+25.5%), from €109,893 to €137,926
mainly Net result for the year (+€103,180) and Other debts (+€18,701)
- Reserves +€50,179
up €50,179 (+5.7%), from €873,876 to €924,055
of which Distributable reserves: +€51,792
- Trade debts -€25,367
down €25,367 (-44.1%), from €57,525 to €32,158
- Other debts +€18,701
up €18,701 (+36.5%), from €51,244 to €69,945
- Gross operating margin -€48,332
down €48,332 (-23.1%), from €209,657 to €161,325
- Financial income +€22,708
up €22,708 (+345.9%), from €6,564 to €29,272
- Taxes -€9,556
down €9,556 (-16.1%), from €59,421 to €49,865
- Depreciation +€2,870
up €2,870 (+37.4%), from €7,680 to €10,550
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 | €1,044,720 | €1,094,386 | +€49,666 | +4.8% |
| Fixed assets | 21/28 | €67,304 | €56,754 | -€10,550 | -15.7% |
| Tangible fixed assets | 22/27 | €67,304 | €56,754 | -€10,550 | -15.7% |
| Land and buildings | 22 | €28,086 | €27,000 | -€1,086 | -3.9% |
| Plant, machinery and equipment | 23 | €1,638 | €1,281 | -€357 | -21.8% |
| Furniture and vehicles | 24 | €37,456 | €28,471 | -€8,985 | -24.0% |
| Other tangible fixed assets | 26 | €124 | €2 | -€122 | -98.4% |
| Current assets | 29/58 | €977,416 | €1,037,632 | +€60,216 | +6.2% |
| Amounts receivable within one year | 40/41 | €81,175 | €84,097 | +€2,922 | +3.6% |
| Trade receivables | 40 | €81,175 | €84,097 | +€2,922 | +3.6% |
| Current investments | 50/53 | €780,922 | €809,861 | +€28,939 | +3.7% |
| Cash at bank and in hand | 54/58 | €109,893 | €137,926 | +€28,033 | +25.5% |
| Deferred charges and accrued income | 490/1 | €5,426 | €5,748 | +€322 | +5.9% |
| Total equity and liabilities | 10/49 | €1,044,720 | €1,094,386 | +€49,666 | +4.8% |
| Equity | 10/15 | €903,876 | €954,055 | +€50,179 | +5.6% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €873,876 | €924,055 | +€50,179 | +5.7% |
| Non-distributable reserves | 130/1 | €6,755 | €6,755 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,755 | €6,755 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,613 | - | -€1,613 | |
| Distributable reserves | 133 | €865,508 | €917,300 | +€51,792 | +6.0% |
| Amounts payable | 17/49 | €140,844 | €140,331 | -€513 | -0.4% |
| Amounts payable within one year | 42/48 | €140,844 | €140,331 | -€513 | -0.4% |
| Financial debts | 43 | - | €3,376 | +€3,376 | |
| Credit institutions | 430/8 | - | €3,376 | +€3,376 | |
| Trade debts | 44 | €57,525 | €32,158 | -€25,367 | -44.1% |
| Suppliers | 440/4 | €57,525 | €32,158 | -€25,367 | -44.1% |
| Taxes, remuneration and social security | 45 | €32,075 | €34,852 | +€2,777 | +8.7% |
| Taxes | 450/3 | €32,075 | €34,852 | +€2,777 | +8.7% |
| Other amounts payable | 47/48 | €51,244 | €69,945 | +€18,701 | +36.5% |
| Non-recurring operating income | 76A | €7,240 | - | -€7,240 | |
| Remuneration, social security and pensions | 62 | - | €472 | +€472 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,680 | €10,550 | +€2,870 | +37.4% |
| Other operating charges | 640/8 | €24,845 | €25,485 | +€640 | +2.6% |
| Gross operating margin | 9900 | €209,657 | €161,325 | -€48,332 | -23.1% |
| Operating profit (loss) | 9901 | €177,132 | €124,818 | -€52,314 | -29.5% |
| Financial income | 75/76B | €6,564 | €29,272 | +€22,708 | +345.9% |
| Recurring financial income | 75 | €6,564 | €29,272 | +€22,708 | +345.9% |
| Financial charges | 65/66B | €863 | €1,045 | +€182 | +21.1% |
| Recurring financial charges | 65 | €863 | €1,045 | +€182 | +21.1% |
| Profit (loss) for the period before taxes | 9903 | €182,833 | €153,045 | -€29,788 | -16.3% |
| Income taxes | 67/77 | €59,421 | €49,865 | -€9,556 | -16.1% |
| Profit (loss) for the period | 9904 | €123,412 | €103,180 | -€20,232 | -16.4% |
| Profit (loss) for the period to be appropriated | 9905 | €123,412 | €103,180 | -€20,232 | -16.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.