TRIANGLE 7: 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 7
Largest movements
- Receivables within one year -€81,540
down €81,540 (-18.7%), from €436,026 to €354,486
of which Trade receivables: -€81,540
- Tangible fixed assets -€27,265
down €27,265 (-18.2%), from €149,767 to €122,502
of which Plant, machinery and equipment: -€23,444
- Deferred charges and accrued income +€9,188
up €9,188 (+385%), from €2,387 to €11,575
- Profit (loss) carried forward -€102,064
down €102,064 (-67.8%), from -€150,608 to -€252,671
- Tax, wage and social debts +€72,097
up €72,097 (+39.7%), from €181,787 to €253,884
of which Taxes: +€51,126
- Trade debts -€37,327
down €37,327 (-28.7%), from €130,170 to €92,844
- Other debts -€30,685
down €30,685 (-16.2%), from €189,226 to €158,541
- Gross operating margin -€139,867
down €139,867 (-28.0%), from €499,969 to €360,102
- Staff costs -€64,508
down €64,508 (-14.2%), from €455,474 to €390,966
- Financial income +€48,493
new in 2024: €48,493
- Financial charges +€33,472
up €33,472 (+175%), from €19,098 to €52,570
- Depreciation +€5,442
up €5,442 (+11.2%), from €48,673 to €54,115
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €597,451 | €495,605 | -€101,847 | -17.0% |
| Fixed assets | 21/28 | €150,570 | €123,306 | -€27,265 | -18.1% |
| Tangible fixed assets | 22/27 | €149,767 | €122,502 | -€27,265 | -18.2% |
| Plant, machinery and equipment | 23 | €103,456 | €80,012 | -€23,444 | -22.7% |
| Furniture and vehicles | 24 | €46,311 | €42,490 | -€3,821 | -8.3% |
| Financial fixed assets | 28 | €803 | €803 | = | 0.0% |
| Current assets | 29/58 | €446,881 | €372,299 | -€74,582 | -16.7% |
| Amounts receivable within one year | 40/41 | €436,026 | €354,486 | -€81,540 | -18.7% |
| Trade receivables | 40 | €432,236 | €350,696 | -€81,540 | -18.9% |
| Other amounts receivable | 41 | €3,790 | €3,790 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €8,468 | €6,239 | -€2,229 | -26.3% |
| Deferred charges and accrued income | 490/1 | €2,387 | €11,575 | +€9,188 | +385% |
| Total equity and liabilities | 10/49 | €597,451 | €495,605 | -€101,847 | -17.0% |
| Equity | 10/15 | -€93,626 | -€195,690 | -€102,064 | -109% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €37,981 | €37,981 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Other | 1319 | €1,900 | €1,900 | = | 0.0% |
| Tax-exempt reserves | 132 | €35,957 | €35,957 | = | 0.0% |
| Distributable reserves | 133 | €124 | €124 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€150,608 | -€252,671 | -€102,064 | -67.8% |
| Amounts payable | 17/49 | €691,078 | €691,295 | +€217 | 0.0% |
| Amounts payable within one year | 42/48 | €683,848 | €684,395 | +€547 | +0.1% |
| Financial debts | 43 | €177,665 | €179,126 | +€1,462 | +0.8% |
| Credit institutions | 430/8 | €172,665 | €174,126 | +€1,462 | +0.8% |
| Other loans | 439 | €5,000 | €5,000 | = | 0.0% |
| Trade debts | 44 | €130,170 | €92,844 | -€37,327 | -28.7% |
| Suppliers | 440/4 | €130,170 | €92,844 | -€37,327 | -28.7% |
| Advances received on contracts in progress | 46 | €5,000 | - | -€5,000 | |
| Taxes, remuneration and social security | 45 | €181,787 | €253,884 | +€72,097 | +39.7% |
| Taxes | 450/3 | €106,710 | €157,836 | +€51,126 | +47.9% |
| Remuneration and social security | 454/9 | €75,077 | €96,047 | +€20,971 | +27.9% |
| Other amounts payable | 47/48 | €189,226 | €158,541 | -€30,685 | -16.2% |
| Accrued charges and deferred income | 492/3 | €7,230 | €6,900 | -€330 | -4.6% |
| Remuneration, social security and pensions | 62 | €455,474 | €390,966 | -€64,508 | -14.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,673 | €54,115 | +€5,442 | +11.2% |
| Other operating charges | 640/8 | €10,782 | €8,637 | -€2,145 | -19.9% |
| Gross operating margin | 9900 | €499,969 | €360,102 | -€139,867 | -28.0% |
| Operating profit (loss) | 9901 | -€14,960 | -€93,616 | -€78,655 | -526% |
| Financial income | 75/76B | - | €48,493 | +€48,493 | |
| Recurring financial income | 75 | - | €48,493 | +€48,493 | |
| Financial charges | 65/66B | €19,098 | €52,570 | +€33,472 | +175% |
| Recurring financial charges | 65 | €19,098 | €52,570 | +€33,472 | +175% |
| Profit (loss) for the period before taxes | 9903 | -€34,058 | -€97,693 | -€63,634 | -187% |
| Income taxes | 67/77 | €2,133 | €4,371 | +€2,238 | +105% |
| Profit (loss) for the period | 9904 | -€36,191 | -€102,064 | -€65,872 | -182% |
| Profit (loss) for the period to be appropriated | 9905 | -€36,191 | -€102,064 | -€65,872 | -182% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.