TRIANGLE DE DEVELOPPEMENT: 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 DE DEVELOPPEMENT
Largest movements
- Cash -€3,246
down €3,246 (-99.8%), from €3,252 to €5
mainly Net result for the year (-€34,244)
- Receivables within one year -€2,845
down €2,845 (-22.6%), from €12,581 to €9,735
of which Trade receivables: -€1,909
- Tangible fixed assets -€1,138
down €1,138 (-54.5%), from €2,089 to €951
- Profit (loss) carried forward -€34,244
down €34,244 (-430%), from -€7,966 to -€42,210
- Other debts +€24,477
up €24,477 (+104%), from €23,507 to €47,984
- Tax, wage and social debts +€1,683
up €1,683 (+794%), from €212 to €1,895
- Trade debts +€854
up €854 (+47.0%), from €1,816 to €2,671
- Gross operating margin -€25,298
down €25,298 (-365%), from -€6,932 to -€32,230
- Other operating charges -€346
down €346 (-34.2%), from €1,013 to €666
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 | €22,569 | €15,339 | -€7,229 | -32.0% |
| Fixed assets | 21/28 | €6,589 | €5,451 | -€1,138 | -17.3% |
| Tangible fixed assets | 22/27 | €2,089 | €951 | -€1,138 | -54.5% |
| Plant, machinery and equipment | 23 | €2,089 | €951 | -€1,138 | -54.5% |
| Financial fixed assets | 28 | €4,500 | €4,500 | = | 0.0% |
| Current assets | 29/58 | €15,980 | €9,888 | -€6,092 | -38.1% |
| Amounts receivable within one year | 40/41 | €12,581 | €9,735 | -€2,845 | -22.6% |
| Trade receivables | 40 | €10,909 | €9,000 | -€1,909 | -17.5% |
| Other amounts receivable | 41 | €1,671 | €735 | -€936 | -56.0% |
| Cash at bank and in hand | 54/58 | €3,252 | €5 | -€3,246 | -99.8% |
| Deferred charges and accrued income | 490/1 | €147 | €147 | = | 0.0% |
| Total equity and liabilities | 10/49 | €22,569 | €15,339 | -€7,229 | -32.0% |
| Equity | 10/15 | -€2,966 | -€37,210 | -€34,244 | -1,154% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,966 | -€42,210 | -€34,244 | -430% |
| Amounts payable | 17/49 | €25,535 | €52,549 | +€27,014 | +106% |
| Amounts payable within one year | 42/48 | €25,535 | €52,549 | +€27,014 | +106% |
| Trade debts | 44 | €1,816 | €2,671 | +€854 | +47.0% |
| Suppliers | 440/4 | €1,816 | €2,671 | +€854 | +47.0% |
| Taxes, remuneration and social security | 45 | €212 | €1,895 | +€1,683 | +794% |
| Taxes | 450/3 | €212 | €1,895 | +€1,683 | +794% |
| Other amounts payable | 47/48 | €23,507 | €47,984 | +€24,477 | +104% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,138 | €1,138 | = | 0.0% |
| Other operating charges | 640/8 | €1,013 | €666 | -€346 | -34.2% |
| Gross operating margin | 9900 | -€6,932 | -€32,230 | -€25,298 | -365% |
| Operating profit (loss) | 9901 | -€9,083 | -€34,035 | -€24,952 | -275% |
| Financial charges | 65/66B | €3 | €40 | +€37 | +1,234% |
| Recurring financial charges | 65 | €3 | €40 | +€37 | +1,234% |
| Profit (loss) for the period before taxes | 9903 | -€9,086 | -€34,075 | -€24,989 | -275% |
| Income taxes | 67/77 | - | €169 | +€169 | |
| Profit (loss) for the period | 9904 | -€9,086 | -€34,244 | -€25,158 | -277% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,086 | -€34,244 | -€25,158 | -277% |
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 15 October 2026 via checked.be.