TRIANGLE: 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.
TRIANGLE
Largest movements
- Receivables within one year +€305,560
up €305,560, from €0 to €305,560
of which Other amounts receivable: +€305,560
- Cash -€181,768
down €181,768 (-66.0%), from €275,330 to €93,563
mainly Receivables within one year (-€305,560) and Advances received (-€430)
- Profit (loss) carried forward +€112,183
up €112,183 (+11.4%), from €981,229 to €1.1m
- Financial income +€5,559
up €5,559 (+1,111,830%), from €1 to €5,560
- Gross operating margin +€2,892
up €2,892 (+2.0%), from €141,432 to €144,325
- Taxes +€2,113
up €2,113 (+6.0%), from €35,282 to €37,394
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 | €1,134,768 | €1,258,560 | +€123,792 | +10.9% |
| Fixed assets | 21/28 | €859,437 | €859,437 | = | 0.0% |
| Tangible fixed assets | 22/27 | €859,437 | €859,437 | = | 0.0% |
| Land and buildings | 22 | €859,437 | €859,437 | = | 0.0% |
| Current assets | 29/58 | €275,330 | €399,122 | +€123,792 | +45.0% |
| Amounts receivable within one year | 40/41 | €0 | €305,560 | +€305,560 | |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | - | €305,560 | +€305,560 | |
| Cash at bank and in hand | 54/58 | €275,330 | €93,563 | -€181,768 | -66.0% |
| Total equity and liabilities | 10/49 | €1,134,768 | €1,258,560 | +€123,792 | +10.9% |
| Equity | 10/15 | €1,116,529 | €1,228,712 | +€112,183 | +10.0% |
| Contributions | 10/11 | €123,000 | €123,000 | = | 0.0% |
| Capital | 10 | €123,000 | €123,000 | = | 0.0% |
| Issued capital | 100 | €123,000 | €123,000 | = | 0.0% |
| Reserves | 13 | €12,300 | €12,300 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,300 | €12,300 | = | 0.0% |
| Legal reserve | 130 | €12,300 | €12,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | €981,229 | €1,093,412 | +€112,183 | +11.4% |
| Amounts payable | 17/49 | €18,239 | €29,848 | +€11,609 | +63.7% |
| Amounts payable within one year | 42/48 | €18,239 | €29,848 | +€11,609 | +63.7% |
| Trade debts | 44 | €593 | €3,031 | +€2,438 | +411% |
| Suppliers | 440/4 | €593 | €3,031 | +€2,438 | +411% |
| Advances received on contracts in progress | 46 | €12,364 | €11,934 | -€430 | -3.5% |
| Taxes, remuneration and social security | 45 | €5,282 | €14,883 | +€9,602 | +182% |
| Taxes | 450/3 | €5,282 | €14,883 | +€9,602 | +182% |
| Other operating charges | 640/8 | €271 | €254 | -€16 | -6.1% |
| Gross operating margin | 9900 | €141,432 | €144,325 | +€2,892 | +2.0% |
| Operating profit (loss) | 9901 | €141,162 | €144,071 | +€2,909 | +2.1% |
| Financial income | 75/76B | €1 | €5,560 | +€5,559 | +1,111,830% |
| Recurring financial income | 75 | €1 | €5,560 | +€5,559 | +1,111,830% |
| Financial charges | 65/66B | €36 | €53 | +€17 | +48.4% |
| Recurring financial charges | 65 | €36 | €53 | +€17 | +48.4% |
| Profit (loss) for the period before taxes | 9903 | €141,126 | €149,577 | +€8,450 | +6.0% |
| Income taxes | 67/77 | €35,282 | €37,394 | +€2,113 | +6.0% |
| Profit (loss) for the period | 9904 | €105,845 | €112,183 | +€6,338 | +6.0% |
| Profit (loss) for the period to be appropriated | 9905 | €105,845 | €112,183 | +€6,338 | +6.0% |
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 28 October 2026 via checked.be.