TRIANGLE 21: 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.
TRIANGLE 21
Largest movements
- Cash -€50,680
down €50,680 (-82.6%), from €61,336 to €10,656
mainly Net result for the year (-€32,060) and Other debts (-€18,952)
- Reserves -€32,060
down €32,060 (-92.9%), from €34,492 to €2,432
- Other debts -€18,952
down €18,952 (-98.9%), from €19,154 to €202
- Gross operating margin -€95,425
down €95,425, from €65,231 to -€30,194
- Taxes -€9,445
down €9,445 (-98.3%), from €9,613 to €168
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 | €66,919 | €16,269 | -€50,650 | -75.7% |
| Fixed assets | 21/28 | €2,261 | €1,935 | -€326 | -14.4% |
| Tangible fixed assets | 22/27 | €2,261 | €1,935 | -€326 | -14.4% |
| Furniture and vehicles | 24 | €2,261 | €1,935 | -€326 | -14.4% |
| Current assets | 29/58 | €64,658 | €14,333 | -€50,324 | -77.8% |
| Amounts receivable within one year | 40/41 | €1,126 | €1,375 | +€249 | +22.1% |
| Trade receivables | 40 | - | €554 | +€554 | |
| Other amounts receivable | 41 | €1,126 | €821 | -€305 | -27.1% |
| Cash at bank and in hand | 54/58 | €61,336 | €10,656 | -€50,680 | -82.6% |
| Deferred charges and accrued income | 490/1 | €2,195 | €2,302 | +€107 | +4.9% |
| Total equity and liabilities | 10/49 | €66,919 | €16,269 | -€50,650 | -75.7% |
| Equity | 10/15 | €36,992 | €4,932 | -€32,060 | -86.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €34,492 | €2,432 | -€32,060 | -92.9% |
| Distributable reserves | 133 | €34,492 | €2,432 | -€32,060 | -92.9% |
| Amounts payable | 17/49 | €29,927 | €11,337 | -€18,590 | -62.1% |
| Amounts payable within one year | 42/48 | €29,927 | €11,337 | -€18,590 | -62.1% |
| Trade debts | 44 | €1,160 | €1,355 | +€194 | +16.8% |
| Suppliers | 440/4 | €1,160 | €1,355 | +€194 | +16.8% |
| Taxes, remuneration and social security | 45 | €9,613 | €9,780 | +€168 | +1.7% |
| Taxes | 450/3 | €9,613 | €9,780 | +€168 | +1.7% |
| Other amounts payable | 47/48 | €19,154 | €202 | -€18,952 | -98.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,226 | €1,038 | -€188 | -15.3% |
| Other operating charges | 640/8 | €852 | €400 | -€452 | -53.1% |
| Gross operating margin | 9900 | €65,231 | -€30,194 | -€95,425 | |
| Operating profit (loss) | 9901 | €63,154 | -€31,632 | -€94,785 | |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €49 | €264 | +€214 | +436.4% |
| Recurring financial charges | 65 | €49 | €264 | +€214 | +436.4% |
| Profit (loss) for the period before taxes | 9903 | €63,105 | -€31,893 | -€94,997 | |
| Income taxes | 67/77 | €9,613 | €168 | -€9,445 | -98.3% |
| Profit (loss) for the period | 9904 | €53,492 | -€32,060 | -€85,552 | |
| Profit (loss) for the period to be appropriated | 9905 | €53,492 | -€32,060 | -€85,552 |
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 6 October 2026 via checked.be.