TRIANGLE 2000: 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 2000
Largest movements
- Receivables within one year -€138,439
down €138,439 (-23.3%), from €593,660 to €455,221
of which Other amounts receivable: -€141,544
- Tangible fixed assets -€65,908
down €65,908 (-35.8%), from €184,242 to €118,334
of which Plant, machinery and equipment: -€34,806
- Cash +€23,844
up €23,844 (+3.5%), from €682,360 to €706,203
mainly Net result for the year (+€192,894) and Receivables within one year (+€138,439)
- Reserves -€188,106
down €188,106 (-25.5%), from €737,934 to €549,829
of which Distributable reserves: -€188,106
- Other debts +€39,097
up €39,097 (+5.5%), from €713,774 to €752,871
- Current portion of long-term debt -€32,786
down €32,786 (-100.0%), from €32,786 to €0
- Trade debts -€32,615
down €32,615 (-46.2%), from €70,595 to €37,979
- Tax, wage and social debts +€26,682
up €26,682 (+46.8%), from €57,017 to €83,698
of which Taxes: +€26,238
- Other operating charges -€141,059
down €141,059 (-78.5%), from €179,805 to €38,746
- Gross operating margin -€56,000
down €56,000 (-9.8%), from €568,829 to €512,830
- Taxes +€29,389
up €29,389 (+45.9%), from €64,078 to €93,467
- Depreciation -€18,243
down €18,243 (-34.8%), from €52,491 to €34,248
- Staff costs +€17,600
up €17,600 (+15.1%), from €116,686 to €134,287
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 | €1,674,079 | €1,486,950 | -€187,128 | -11.2% |
| Fixed assets | 21/28 | €184,242 | €118,334 | -€65,908 | -35.8% |
| Tangible fixed assets | 22/27 | €184,242 | €118,334 | -€65,908 | -35.8% |
| Land and buildings | 22 | €107,720 | €107,720 | = | 0.0% |
| Plant, machinery and equipment | 23 | €41,665 | €6,859 | -€34,806 | -83.5% |
| Furniture and vehicles | 24 | €34,856 | €3,754 | -€31,102 | -89.2% |
| Current assets | 29/58 | €1,489,837 | €1,368,617 | -€121,220 | -8.1% |
| Stocks and contracts in progress | 3 | €204,171 | €199,907 | -€4,264 | -2.1% |
| Stocks | 30/36 | €204,171 | €199,907 | -€4,264 | -2.1% |
| Amounts receivable within one year | 40/41 | €593,660 | €455,221 | -€138,439 | -23.3% |
| Trade receivables | 40 | €18,486 | €21,591 | +€3,104 | +16.8% |
| Other amounts receivable | 41 | €575,174 | €433,630 | -€141,544 | -24.6% |
| Cash at bank and in hand | 54/58 | €682,360 | €706,203 | +€23,844 | +3.5% |
| Deferred charges and accrued income | 490/1 | €9,646 | €7,286 | -€2,360 | -24.5% |
| Total equity and liabilities | 10/49 | €1,674,079 | €1,486,950 | -€187,128 | -11.2% |
| Equity | 10/15 | €799,908 | €611,802 | -€188,106 | -23.5% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €737,934 | €549,829 | -€188,106 | -25.5% |
| Tax-exempt reserves | 132 | €31,194 | €31,194 | = | 0.0% |
| Distributable reserves | 133 | €706,740 | €518,635 | -€188,106 | -26.6% |
| Amounts payable | 17/49 | €874,171 | €875,148 | +€977 | +0.1% |
| Amounts payable within one year | 42/48 | €874,171 | €874,548 | +€377 | 0.0% |
| Current portion of amounts payable after more than one year | 42 | €32,786 | €0 | -€32,786 | -100.0% |
| Trade debts | 44 | €70,595 | €37,979 | -€32,615 | -46.2% |
| Suppliers | 440/4 | €70,595 | €37,979 | -€32,615 | -46.2% |
| Taxes, remuneration and social security | 45 | €57,017 | €83,698 | +€26,682 | +46.8% |
| Taxes | 450/3 | €42,458 | €68,696 | +€26,238 | +61.8% |
| Remuneration and social security | 454/9 | €14,559 | €15,002 | +€443 | +3.0% |
| Other amounts payable | 47/48 | €713,774 | €752,871 | +€39,097 | +5.5% |
| Accrued charges and deferred income | 492/3 | - | €600 | +€600 | |
| Remuneration, social security and pensions | 62 | €116,686 | €134,287 | +€17,600 | +15.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,491 | €34,248 | -€18,243 | -34.8% |
| Other operating charges | 640/8 | €179,805 | €38,746 | -€141,059 | -78.5% |
| Non-recurring operating charges | 66A | €893 | €53 | -€840 | -94.1% |
| Gross operating margin | 9900 | €568,829 | €512,830 | -€56,000 | -9.8% |
| Operating profit (loss) | 9901 | €218,954 | €305,496 | +€86,542 | +39.5% |
| Financial income | 75/76B | €4,713 | €1,452 | -€3,261 | -69.2% |
| Recurring financial income | 75 | €4,713 | €1,452 | -€3,261 | -69.2% |
| Financial charges | 65/66B | €23,502 | €20,586 | -€2,916 | -12.4% |
| Recurring financial charges | 65 | €23,502 | €20,586 | -€2,916 | -12.4% |
| Profit (loss) for the period before taxes | 9903 | €200,165 | €286,361 | +€86,197 | +43.1% |
| Income taxes | 67/77 | €64,078 | €93,467 | +€29,389 | +45.9% |
| Profit (loss) for the period | 9904 | €136,087 | €192,894 | +€56,808 | +41.7% |
| Profit (loss) for the period to be appropriated | 9905 | €136,087 | €192,894 | +€56,808 | +41.7% |
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 12 October 2026 via checked.be.