TRIANON: 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.
TRIANON
Largest movements
- Receivables within one year -€66,422
down €66,422 (-87.7%), from €75,770 to €9,347
of which Trade receivables: -€59,070
- Tangible fixed assets -€10,504
down €10,504 (-6.2%), from €168,938 to €158,434
of which Furniture and vehicles: -€11,435
- Cash -€8,034
down €8,034 (-32.1%), from €25,046 to €17,012
mainly Other debts (-€53,082) and Net result for the year (-€34,568)
- Deferred charges and accrued income +€6,058
up €6,058, from €0 to €6,058
- Other debts -€53,082
down €53,082 (-37.8%), from €140,542 to €87,460
- Profit (loss) carried forward -€34,568
down €34,568 (-428%), from -€8,086 to -€42,653
- Trade debts +€20,491
up €20,491 (+227%), from €9,036 to €29,527
- Accrued charges and deferred income -€13,320
down €13,320 (-100%), from €13,320 to €0
- Gross operating margin -€64,625
down €64,625 (-61.4%), from €105,295 to €40,670
- Staff costs -€13,828
down €13,828 (-34.4%), from €40,212 to €26,385
- Depreciation -€6,685
down €6,685 (-13.0%), from €51,589 to €44,904
- Other operating charges +€1,534
up €1,534 (+139%), from €1,105 to €2,639
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 | €273,768 | €193,569 | -€80,198 | -29.3% |
| Fixed assets | 21/28 | €169,448 | €158,944 | -€10,504 | -6.2% |
| Tangible fixed assets | 22/27 | €168,938 | €158,434 | -€10,504 | -6.2% |
| Land and buildings | 22 | €81,032 | €83,532 | +€2,500 | +3.1% |
| Plant, machinery and equipment | 23 | €16,640 | €15,071 | -€1,570 | -9.4% |
| Furniture and vehicles | 24 | €71,266 | €59,831 | -€11,435 | -16.0% |
| Financial fixed assets | 28 | €511 | €511 | = | 0.0% |
| Current assets | 29/58 | €104,319 | €34,625 | -€69,694 | -66.8% |
| Stocks and contracts in progress | 3 | €2,654 | €1,359 | -€1,295 | -48.8% |
| Stocks | 30/36 | €2,654 | €1,359 | -€1,295 | -48.8% |
| Amounts receivable within one year | 40/41 | €75,770 | €9,347 | -€66,422 | -87.7% |
| Trade receivables | 40 | €59,358 | €288 | -€59,070 | -99.5% |
| Other amounts receivable | 41 | €16,412 | €9,059 | -€7,353 | -44.8% |
| Current investments | 50/53 | €850 | €850 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €25,046 | €17,012 | -€8,034 | -32.1% |
| Deferred charges and accrued income | 490/1 | €0 | €6,058 | +€6,058 | |
| Total equity and liabilities | 10/49 | €273,768 | €193,569 | -€80,198 | -29.3% |
| Equity | 10/15 | €106,669 | €72,101 | -€34,568 | -32.4% |
| Contributions | 10/11 | €22,310 | €22,310 | = | 0.0% |
| Reserves | 13 | €92,444 | €92,444 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,231 | €2,231 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,231 | €2,231 | = | 0.0% |
| Distributable reserves | 133 | €90,213 | €90,213 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,086 | -€42,653 | -€34,568 | -428% |
| Amounts payable | 17/49 | €167,099 | €121,468 | -€45,631 | -27.3% |
| Amounts payable within one year | 42/48 | €153,779 | €121,468 | -€32,311 | -21.0% |
| Trade debts | 44 | €9,036 | €29,527 | +€20,491 | +227% |
| Suppliers | 440/4 | €9,036 | €29,527 | +€20,491 | +227% |
| Taxes, remuneration and social security | 45 | €4,201 | €4,481 | +€280 | +6.7% |
| Taxes | 450/3 | - | €653 | +€653 | |
| Remuneration and social security | 454/9 | €4,201 | €3,828 | -€373 | -8.9% |
| Other amounts payable | 47/48 | €140,542 | €87,460 | -€53,082 | -37.8% |
| Accrued charges and deferred income | 492/3 | €13,320 | €0 | -€13,320 | -100% |
| Non-recurring operating income | 76A | - | €50 | +€50 | |
| Remuneration, social security and pensions | 62 | €40,212 | €26,385 | -€13,828 | -34.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,589 | €44,904 | -€6,685 | -13.0% |
| Other operating charges | 640/8 | €1,105 | €2,639 | +€1,534 | +139% |
| Gross operating margin | 9900 | €105,295 | €40,670 | -€64,625 | -61.4% |
| Operating profit (loss) | 9901 | €12,389 | -€33,257 | -€45,646 | |
| Financial income | 75/76B | €38 | €242 | +€205 | +545% |
| Recurring financial income | 75 | €38 | €242 | +€205 | +545% |
| Financial charges | 65/66B | €889 | €1,552 | +€664 | +74.7% |
| Recurring financial charges | 65 | €889 | €1,552 | +€664 | +74.7% |
| Profit (loss) for the period before taxes | 9903 | €11,538 | -€34,568 | -€46,105 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €11,538 | -€34,568 | -€46,105 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,538 | -€34,568 | -€46,105 |
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 14 October 2026 via checked.be.