TRIANGLE SOLUTIONS RH: 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.
What changed
TRIANGLE SOLUTIONS RH
NACE 78.200, Temporary employment agencies and other provision of personnel
financial year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€648,352
2023 · €451,419+€196,933
Equity
€3.3m
2023 · €3.1m+€248,352
Cash
€2.0m
2023 · €1.1m+€913,027
Balance sheet total
€7.0m
2023 · €5.4m+€1.6m
Largest movements
Assets
- Receivables within one year +€1.1m
up €1.1m (+27.6%), from €3.9m to €4.9m
of which Trade receivables: +€1.1m
- Cash +€913,027
up €913,027 (+84.1%), from €1.1m to €2.0m
mainly Tax, wage and social debts (+€832,767) and Net result for the year (+€648,352)
- Current investments -€340,523
no longer reported in 2024 (was €340,523)
Equity and liabilities
- Tax, wage and social debts +€832,767
up €832,767 (+46.5%), from €1.8m to €2.6m
of which Remuneration and social security: +€615,826
- Other debts +€575,243
up €575,243 (+52442.6%), from €1,097 to €576,340
- Reserves +€248,352
up €248,352 (+8.2%), from €3.0m to €3.3m
of which Distributable reserves: +€248,352
- Current portion of long-term debt -€168,503
no longer reported in 2024 (was €168,503)
- Accrued charges and deferred income +€90,007
up €90,007 (+176.7%), from €50,943 to €140,951
Income statement
- Turnover +€4.8m
up €4.8m (+29.1%), from €16.3m to €21.1m
- Staff costs +€4.3m
up €4.3m (+28.1%), from €15.4m to €19.7m
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.
Result 2023
€451,419
Turnover
+€4.8m
Other operating income
+€113,457
Services and other goods
-€106,746
Staff costs
-€4.3m
Depreciation
+€4,666
Write-downs
-€104,115
Other operating charges
-€3,940
Other operating items
+€13,127
Financial income
-€8,780
Financial charges
-€491
Taxes
-€142,392
Result 2024
€648,352
Cash bridge derived
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.
From operations
+€1.1m
Investment
+€350,328
Financing
-€568,503
Cash 2023
€1.1m
From operations (derived)
+€1.1m
Net result for the year
+€648,352
Depreciation
+€3,908
Receivables within one year
-€1.1m
Deferred charges and accrued income
-€15,855
Trade debts
+€62,990
Tax, wage and social debts
+€832,767
Other debts
+€575,243
Accrued charges and deferred income
+€90,007
Investment (derived)
+€350,328
Investment in fixed assets (net)
+€9,804
Current investments
+€340,523
Financing
-€568,503
Current portion of long-term debt
-€168,503
Contributions, distributions and other
-€400,000
Cash 2024
€2.0m
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,357,286 | €6,998,142 | +€1.6m | +30.6% |
| Fixed assets | 21/28 | €54,878 | €41,166 | -€13,712 | -25.0% |
| Tangible fixed assets | 22/27 | €23,753 | €11,991 | -€11,762 | -49.5% |
| Furniture and vehicles | 24 | €23,753 | €11,991 | -€11,762 | -49.5% |
| Financial fixed assets | 28 | €31,125 | €29,175 | -€1,950 | -6.3% |
| Affiliated companies | 280/1 | €12,400 | €12,400 | = | 0.0% |
| Participating interests | 280 | €12,400 | €12,400 | = | 0.0% |
| Other financial fixed assets | 284/8 | €18,725 | €16,775 | -€1,950 | -10.4% |
| Amounts receivable and cash guarantees | 285/8 | €18,725 | €16,775 | -€1,950 | -10.4% |
| Current assets | 29/58 | €5,302,408 | €6,956,977 | +€1.7m | +31.2% |
| Amounts receivable within one year | 40/41 | €3,859,446 | €4,925,657 | +€1.1m | +27.6% |
| Trade receivables | 40 | €2,936,846 | €4,053,113 | +€1.1m | +38.0% |
| Other amounts receivable | 41 | €922,600 | €872,544 | -€50,057 | -5.4% |
| Current investments | 50/53 | €340,523 | - | -€340,523 | |
| Other investments | 51/53 | €340,523 | - | -€340,523 | |
| Cash at bank and in hand | 54/58 | €1,086,033 | €1,999,060 | +€913,027 | +84.1% |
| Deferred charges and accrued income | 490/1 | €16,405 | €32,260 | +€15,855 | +96.6% |
| Total equity and liabilities | 10/49 | €5,357,286 | €6,998,142 | +€1.6m | +30.6% |
| Equity | 10/15 | €3,088,389 | €3,336,741 | +€248,352 | +8.0% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €3,026,415 | €3,274,767 | +€248,352 | +8.2% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €3,020,215 | €3,268,567 | +€248,352 | +8.2% |
| Amounts payable | 17/49 | €2,268,897 | €3,661,402 | +€1.4m | +61.4% |
| Amounts payable within one year | 42/48 | €2,217,954 | €3,520,451 | +€1.3m | +58.7% |
| Current portion of amounts payable after more than one year | 42 | €168,503 | - | -€168,503 | |
| Trade debts | 44 | €258,349 | €321,339 | +€62,990 | +24.4% |
| Suppliers | 440/4 | €258,349 | €321,339 | +€62,990 | +24.4% |
| Taxes, remuneration and social security | 45 | €1,790,005 | €2,622,772 | +€832,767 | +46.5% |
| Taxes | 450/3 | €477,887 | €694,828 | +€216,942 | +45.4% |
| Remuneration and social security | 454/9 | €1,312,118 | €1,927,944 | +€615,826 | +46.9% |
| Other amounts payable | 47/48 | €1,097 | €576,340 | +€575,243 | +52442.6% |
| Accrued charges and deferred income | 492/3 | €50,943 | €140,951 | +€90,007 | +176.7% |
| Operating income | 70/76A | €17,350,806 | €22,234,652 | +€4.9m | +28.1% |
| Turnover | 70 | €16,330,655 | €21,085,721 | +€4.8m | +29.1% |
| Other operating income | 74 | €1,020,151 | €1,133,608 | +€113,457 | +11.1% |
| Non-recurring operating income | 76A | - | €15,323 | +€15,323 | |
| Operating charges | 60/66A | €16,692,277 | €21,227,527 | +€4.5m | +27.2% |
| Services and other goods | 61 | €1,267,175 | €1,373,921 | +€106,746 | +8.4% |
| Remuneration, social security and pensions | 62 | €15,382,474 | €19,705,392 | +€4.3m | +28.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,574 | €3,908 | -€4,666 | -54.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €20,000 | €124,115 | +€104,115 | +520.6% |
| Other operating charges | 640/8 | €14,055 | €17,994 | +€3,940 | +28.0% |
| Non-recurring operating charges | 66A | - | €2,196 | +€2,196 | |
| Operating profit (loss) | 9901 | €658,529 | €1,007,125 | +€348,596 | +52.9% |
| Financial income | 75/76B | €72,851 | €64,071 | -€8,780 | -12.1% |
| Recurring financial income | 75 | €72,851 | €64,071 | -€8,780 | -12.1% |
| Income from financial fixed assets | 750 | €56,796 | - | -€56,796 | |
| Income from current assets | 751 | €13,996 | €30,692 | +€16,697 | +119.3% |
| Other financial income | 752/9 | €2,059 | €33,379 | +€31,319 | +1520.7% |
| Financial charges | 65/66B | €13,080 | €13,571 | +€491 | +3.8% |
| Recurring financial charges | 65 | €13,080 | €13,571 | +€491 | +3.8% |
| Debt charges | 650 | €12,431 | €13,058 | +€627 | +5.0% |
| Other financial charges | 652/9 | €649 | €513 | -€136 | -20.9% |
| Profit (loss) for the period before taxes | 9903 | €718,300 | €1,057,625 | +€339,325 | +47.2% |
| Income taxes | 67/77 | €266,881 | €409,273 | +€142,392 | +53.4% |
| Taxes | 670/3 | €266,881 | €438,168 | +€171,287 | +64.2% |
| Tax adjustments and reversals of tax provisions | 77 | - | €28,895 | +€28,895 | |
| Profit (loss) for the period | 9904 | €451,419 | €648,352 | +€196,933 | +43.6% |
| Transfer from tax-exempt reserves | 789 | €178,000 | - | -€178,000 | |
| Profit (loss) for the period to be appropriated | 9905 | €629,419 | €648,352 | +€18,933 | +3.0% |
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 11 October 2026 via checked.be.