Triangle Management: 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 Management
Largest movements
- Cash +€29,608
up €29,608 (+56.6%), from €52,284 to €81,892
mainly Net result for the year (+€40,351) and Receivables within one year (+€8,463)
- Tangible fixed assets +€18,484
new in 2025: €18,484
- Receivables within one year -€8,463
down €8,463 (-83.6%), from €10,128 to €1,665
of which Trade receivables: -€7,079
- Profit (loss) carried forward +€40,351
up €40,351 (+72.9%), from -€55,376 to -€15,026
- Gross operating margin +€18,825
up €18,825 (+43.9%), from €42,910 to €61,735
- Depreciation +€5,321
up €5,321, from €0 to €5,321
- Taxes +€4,680
up €4,680 (+45.3%), from €10,336 to €15,016
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 | €62,413 | €102,042 | +€39,629 | +63.5% |
| Fixed assets | 21/28 | - | €18,484 | +€18,484 | |
| Tangible fixed assets | 22/27 | - | €18,484 | +€18,484 | |
| Furniture and vehicles | 24 | - | €18,484 | +€18,484 | |
| Current assets | 29/58 | €62,413 | €83,558 | +€21,145 | +33.9% |
| Amounts receivable within one year | 40/41 | €10,128 | €1,665 | -€8,463 | -83.6% |
| Trade receivables | 40 | €7,079 | €0 | -€7,079 | -100.0% |
| Other amounts receivable | 41 | €3,050 | €1,665 | -€1,385 | -45.4% |
| Cash at bank and in hand | 54/58 | €52,284 | €81,892 | +€29,608 | +56.6% |
| Total equity and liabilities | 10/49 | €62,413 | €102,042 | +€39,629 | +63.5% |
| Equity | 10/15 | €52,524 | €92,874 | +€40,351 | +76.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €105,400 | €105,400 | = | 0.0% |
| Distributable reserves | 133 | €105,400 | €105,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€55,376 | -€15,026 | +€40,351 | +72.9% |
| Amounts payable | 17/49 | €9,889 | €9,167 | -€722 | -7.3% |
| Amounts payable within one year | 42/48 | €9,889 | €9,167 | -€722 | -7.3% |
| Trade debts | 44 | €2,359 | €1,623 | -€736 | -31.2% |
| Suppliers | 440/4 | €2,359 | €1,623 | -€736 | -31.2% |
| Taxes, remuneration and social security | 45 | €5,635 | €5,941 | +€306 | +5.4% |
| Taxes | 450/3 | €5,635 | €5,941 | +€306 | +5.4% |
| Other amounts payable | 47/48 | €1,896 | €1,604 | -€292 | -15.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | €5,321 | +€5,321 | |
| Other operating charges | 640/8 | €505 | €906 | +€401 | +79.4% |
| Gross operating margin | 9900 | €42,910 | €61,735 | +€18,825 | +43.9% |
| Operating profit (loss) | 9901 | €42,404 | €55,508 | +€13,104 | +30.9% |
| Financial income | 75/76B | €250 | €0 | -€250 | -100.0% |
| Recurring financial income | 75 | €250 | €0 | -€250 | -100.0% |
| Financial charges | 65/66B | €105 | €141 | +€36 | +34.4% |
| Recurring financial charges | 65 | €105 | €141 | +€36 | +34.4% |
| Profit (loss) for the period before taxes | 9903 | €42,549 | €55,367 | +€12,817 | +30.1% |
| Income taxes | 67/77 | €10,336 | €15,016 | +€4,680 | +45.3% |
| Profit (loss) for the period | 9904 | €32,213 | €40,351 | +€8,137 | +25.3% |
| Profit (loss) for the period to be appropriated | 9905 | €32,213 | €40,351 | +€8,137 | +25.3% |
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 10 October 2026 via checked.be.