Triangle Procurement: 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 Procurement
Largest movements
- Cash -€61,068
down €61,068 (-64.5%), from €94,699 to €33,630
mainly Contributions, distributions and other (-€120,000) and Other debts (-€60,000)
- Current investments -€44,000
down €44,000 (-48.9%), from €90,000 to €46,000
- Receivables within one year -€7,725
down €7,725 (-32.6%), from €23,686 to €15,962
of which Trade receivables: -€7,110
- Intangible fixed assets -€2,916
down €2,916 (-18.6%), from €15,685 to €12,769
- Other debts -€60,000
down €60,000 (-93.1%), from €64,442 to €4,442
- Reserves -€59,729
down €59,729 (-38.8%), from €153,853 to €94,124
- Gross operating margin -€41,777
down €41,777 (-35.9%), from €116,238 to €74,462
- Financial income +€9,133
up €9,133 (+699.4%), from €1,306 to €10,439
- Taxes -€7,138
down €7,138 (-31.6%), from €22,563 to €15,425
- Depreciation +€4,326
up €4,326 (+96.1%), from €4,501 to €8,827
- Financial charges -€2,170
down €2,170 (-95.1%), from €2,281 to €111
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 | €228,496 | €110,384 | -€118,112 | -51.7% |
| Fixed assets | 21/28 | €18,902 | €13,980 | -€4,922 | -26.0% |
| Intangible fixed assets | 21 | €15,685 | €12,769 | -€2,916 | -18.6% |
| Tangible fixed assets | 22/27 | €3,217 | €1,211 | -€2,006 | -62.4% |
| Furniture and vehicles | 24 | €3,217 | €1,211 | -€2,006 | -62.4% |
| Current assets | 29/58 | €209,594 | €96,404 | -€113,190 | -54.0% |
| Amounts receivable within one year | 40/41 | €23,686 | €15,962 | -€7,725 | -32.6% |
| Trade receivables | 40 | €23,071 | €15,962 | -€7,110 | -30.8% |
| Other amounts receivable | 41 | €615 | €0 | -€615 | -100.0% |
| Current investments | 50/53 | €90,000 | €46,000 | -€44,000 | -48.9% |
| Cash at bank and in hand | 54/58 | €94,699 | €33,630 | -€61,068 | -64.5% |
| Deferred charges and accrued income | 490/1 | €1,209 | €812 | -€397 | -32.8% |
| Total equity and liabilities | 10/49 | €228,496 | €110,384 | -€118,112 | -51.7% |
| Equity | 10/15 | €154,853 | €95,124 | -€59,729 | -38.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €153,853 | €94,124 | -€59,729 | -38.8% |
| Distributable reserves | 133 | €153,853 | €94,124 | -€59,729 | -38.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €73,643 | €15,260 | -€58,382 | -79.3% |
| Amounts payable within one year | 42/48 | €73,643 | €15,260 | -€58,382 | -79.3% |
| Trade debts | 44 | €696 | €2,940 | +€2,244 | +322.6% |
| Suppliers | 440/4 | €696 | €2,940 | +€2,244 | +322.6% |
| Taxes, remuneration and social security | 45 | €8,505 | €7,879 | -€627 | -7.4% |
| Taxes | 450/3 | €8,505 | €7,879 | -€627 | -7.4% |
| Other amounts payable | 47/48 | €64,442 | €4,442 | -€60,000 | -93.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,501 | €8,827 | +€4,326 | +96.1% |
| Other operating charges | 640/8 | €586 | €267 | -€319 | -54.5% |
| Gross operating margin | 9900 | €116,238 | €74,462 | -€41,777 | -35.9% |
| Operating profit (loss) | 9901 | €111,151 | €65,368 | -€45,783 | -41.2% |
| Financial income | 75/76B | €1,306 | €10,439 | +€9,133 | +699.4% |
| Recurring financial income | 75 | €1,306 | €10,439 | +€9,133 | +699.4% |
| Financial charges | 65/66B | €2,281 | €111 | -€2,170 | -95.1% |
| Recurring financial charges | 65 | €2,281 | €111 | -€2,170 | -95.1% |
| Profit (loss) for the period before taxes | 9903 | €110,176 | €75,696 | -€34,480 | -31.3% |
| Income taxes | 67/77 | €22,563 | €15,425 | -€7,138 | -31.6% |
| Profit (loss) for the period | 9904 | €87,613 | €60,271 | -€27,342 | -31.2% |
| Profit (loss) for the period to be appropriated | 9905 | €87,613 | €60,271 | -€27,342 | -31.2% |
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 5 October 2026 via checked.be.