Triangle Factory: what changed
What changed
Triangle Factory
NACE 62.100, Computer programming
filed annual accounts (NBB)
Net result for the year
€306,103
2024 · €220,894+€85,209
Equity
€8.4m
2024 · €8.3m+€106,103
Cash
€4.4m
2024 · €1.3m+€3.1m
Balance sheet total
€9.2m
2024 · €9.1m+€90,376
Largest movements
Assets
- Current investments -€4.2m
down €4.2m (-79.9%), from €5.3m to €1.1m
- Cash +€3.1m
up €3.1m (+229%), from €1.3m to €4.4m
mainly Current investments (+€4.2m) and Depreciation (+€545,769)
- Intangible fixed assets +€1.5m
up €1.5m (+256%), from €590,990 to €2.1m
- Receivables within one year -€208,696
down €208,696 (-13.6%), from €1.5m to €1.3m
of which Other amounts receivable: -€310,060
Equity and liabilities
- Reserves +€306,103
up €306,103 (+9.4%), from €3.3m to €3.6m
of which Non-distributable reserves: +€340,644
- Investment grants -€200,000
down €200,000 (-38.2%), from €524,180 to €324,181
Income statement
- Gross operating margin +€1.0m
up €1.0m (+61.3%), from €1.7m to €2.7m
- Depreciation +€389,126
up €389,126 (+248%), from €156,643 to €545,769
- Financial income -€294,699
down €294,699 (-53.8%), from €548,169 to €253,470
- Staff costs +€168,256
up €168,256 (+9.5%), from €1.8m to €1.9m
- Financial charges +€95,083
up €95,083 (+95.7%), from €99,349 to €194,432
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€220,894
Gross operating margin
+€1.0m
Staff costs
-€168,256
Depreciation
-€389,126
Other operating charges
+€2,641
Financial income
-€294,699
Financial charges
-€95,083
Taxes
-€50,036
Deferred taxes and other
+€41,393
Result 2025
€306,103
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€1.0m
Investment
+€2.2m
Financing
-€200,000
Cash 2024
€1.3m
From operations (derived)
+€1.0m
Net result for the year
+€306,103
Depreciation
+€545,769
Smaller working-capital items
-€10,383
Receivables within one year
+€208,696
Provisions
-€66,667
Tax, wage and social debts
+€54,700
Investment (derived)
+€2.2m
Investment in fixed assets (net)
-€2.0m
Current investments
+€4.2m
Financing
-€200,000
Contributions, distributions and other
-€200,000
Cash 2025
€4.4m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,115,177 | €9,205,553 | +€90,376 | +1.0% |
| Fixed assets | 21/28 | €854,387 | €2,317,296 | +€1.5m | +171% |
| Intangible fixed assets | 21 | €590,990 | €2,106,087 | +€1.5m | +256% |
| Tangible fixed assets | 22/27 | €259,095 | €206,907 | -€52,188 | -20.1% |
| Plant, machinery and equipment | 23 | - | €5,240 | +€5,240 | |
| Furniture and vehicles | 24 | €113,130 | €81,006 | -€32,124 | -28.4% |
| Other tangible fixed assets | 26 | €145,964 | €120,661 | -€25,303 | -17.3% |
| Financial fixed assets | 28 | €4,302 | €4,302 | = | 0.0% |
| Current assets | 29/58 | €8,260,790 | €6,888,257 | -€1.4m | -16.6% |
| Amounts receivable after more than one year | 29 | €73,923 | €80,501 | +€6,578 | +8.9% |
| Other amounts receivable | 291 | €73,923 | €80,501 | +€6,578 | +8.9% |
| Amounts receivable within one year | 40/41 | €1,531,133 | €1,322,437 | -€208,696 | -13.6% |
| Trade receivables | 40 | €404,998 | €506,363 | +€101,365 | +25.0% |
| Other amounts receivable | 41 | €1,126,135 | €816,075 | -€310,060 | -27.5% |
| Current investments | 50/53 | €5,300,822 | €1,066,713 | -€4.2m | -79.9% |
| Cash at bank and in hand | 54/58 | €1,338,398 | €4,402,047 | +€3.1m | +229% |
| Deferred charges and accrued income | 490/1 | €16,514 | €16,558 | +€44 | +0.3% |
| Total equity and liabilities | 10/49 | €9,115,177 | €9,205,553 | +€90,376 | +1.0% |
| Equity | 10/15 | €8,285,199 | €8,391,302 | +€106,103 | +1.3% |
| Contributions | 10/11 | €4,499,375 | €4,499,375 | = | 0.0% |
| Reserves | 13 | €3,261,644 | €3,567,747 | +€306,103 | +9.4% |
| Non-distributable reserves | 130/1 | €726,069 | €1,066,713 | +€340,644 | +46.9% |
| Own shares acquired | 1312 | €726,069 | €1,066,713 | +€340,644 | +46.9% |
| Tax-exempt reserves | 132 | €4,543 | €4,543 | = | 0.0% |
| Distributable reserves | 133 | €2,531,032 | €2,496,491 | -€34,542 | -1.4% |
| Investment grants | 15 | €524,180 | €324,181 | -€200,000 | -38.2% |
| Provisions and deferred taxes | 16 | €174,727 | €108,060 | -€66,667 | -38.2% |
| Deferred taxes | 168 | €174,727 | €108,060 | -€66,667 | -38.2% |
| Amounts payable | 17/49 | €655,250 | €706,190 | +€50,940 | +7.8% |
| Amounts payable within one year | 42/48 | €653,450 | €704,390 | +€50,940 | +7.8% |
| Trade debts | 44 | €322,487 | €318,727 | -€3,760 | -1.2% |
| Suppliers | 440/4 | €322,487 | €318,727 | -€3,760 | -1.2% |
| Taxes, remuneration and social security | 45 | €322,143 | €376,843 | +€54,700 | +17.0% |
| Taxes | 450/3 | €43,024 | €84,700 | +€41,675 | +96.9% |
| Remuneration and social security | 454/9 | €279,119 | €292,143 | +€13,024 | +4.7% |
| Other amounts payable | 47/48 | €8,820 | €8,820 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,800 | €1,800 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €1,775,752 | €1,944,008 | +€168,256 | +9.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €156,643 | €545,769 | +€389,126 | +248% |
| Other operating charges | 640/8 | €3,783 | €1,143 | -€2,641 | -69.8% |
| Gross operating margin | 9900 | €1,692,911 | €2,731,286 | +€1.0m | +61.3% |
| Operating profit (loss) | 9901 | -€243,268 | €240,366 | +€483,634 | |
| Financial income | 75/76B | €548,169 | €253,470 | -€294,699 | -53.8% |
| Recurring financial income | 75 | €548,169 | €253,470 | -€294,699 | -53.8% |
| Financial charges | 65/66B | €99,349 | €194,432 | +€95,083 | +95.7% |
| Recurring financial charges | 65 | €99,349 | €194,432 | +€95,083 | +95.7% |
| Profit (loss) for the period before taxes | 9903 | €205,553 | €299,404 | +€93,852 | +45.7% |
| Transfer from deferred taxes | 780 | €25,273 | €66,667 | +€41,393 | +164% |
| Income taxes | 67/77 | €9,932 | €59,968 | +€50,036 | +504% |
| Profit (loss) for the period | 9904 | €220,894 | €306,103 | +€85,209 | +38.6% |
| Profit (loss) for the period to be appropriated | 9905 | €220,894 | €306,103 | +€85,209 | +38.6% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.