TRIANON: 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.
TRIANON
Largest movements
- Current investments +€142,650
up €142,650 (+16.8%), from €847,948 to €990,598
- Cash +€31,072
up €31,072 (+87.8%), from €35,387 to €66,459
mainly Net result for the year (+€152,544) and Tax, wage and social debts (+€29,917)
- Tangible fixed assets -€13,321
down €13,321 (-14.8%), from €90,302 to €76,981
of which Furniture and vehicles: -€9,995
- Reserves +€138,251
up €138,251 (+15.7%), from €879,113 to €1.0m
- Tax, wage and social debts +€29,917
up €29,917 (+78.7%), from €38,031 to €67,948
of which Taxes: +€28,713
- Financial income +€115,918
up €115,918 (+401.6%), from €28,867 to €144,785
- Taxes +€24,771
up €24,771 (+83.4%), from €29,696 to €54,467
- Staff costs +€4,863
up €4,863 (+6.3%), from €77,086 to €81,949
- Depreciation +€3,756
up €3,756 (+15.1%), from €24,871 to €28,626
- Gross operating margin +€2,946
up €2,946 (+1.7%), from €177,389 to €180,335
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 | €982,082 | €1,145,120 | +€163,037 | +16.6% |
| Fixed assets | 21/28 | €90,302 | €76,981 | -€13,321 | -14.8% |
| Tangible fixed assets | 22/27 | €90,302 | €76,981 | -€13,321 | -14.8% |
| Plant, machinery and equipment | 23 | €23,124 | €24,207 | +€1,083 | +4.7% |
| Furniture and vehicles | 24 | €51,937 | €41,943 | -€9,995 | -19.2% |
| Other tangible fixed assets | 26 | €15,240 | €10,830 | -€4,410 | -28.9% |
| Current assets | 29/58 | €891,780 | €1,068,139 | +€176,358 | +19.8% |
| Stocks and contracts in progress | 3 | €5,702 | €5,960 | +€257 | +4.5% |
| Stocks | 30/36 | €5,702 | €5,960 | +€257 | +4.5% |
| Amounts receivable within one year | 40/41 | €8 | €859 | +€851 | +11137.4% |
| Trade receivables | 40 | €8 | €183 | +€175 | +2289.3% |
| Other amounts receivable | 41 | €0 | €676 | +€676 | |
| Current investments | 50/53 | €847,948 | €990,598 | +€142,650 | +16.8% |
| Cash at bank and in hand | 54/58 | €35,387 | €66,459 | +€31,072 | +87.8% |
| Deferred charges and accrued income | 490/1 | €2,735 | €4,264 | +€1,528 | +55.9% |
| Total equity and liabilities | 10/49 | €982,082 | €1,145,120 | +€163,037 | +16.6% |
| Equity | 10/15 | €897,713 | €1,035,964 | +€138,251 | +15.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €879,113 | €1,017,364 | +€138,251 | +15.7% |
| Distributable reserves | 133 | €879,113 | €1,017,364 | +€138,251 | +15.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €84,369 | €109,155 | +€24,786 | +29.4% |
| Amounts payable after more than one year | 17 | €23,998 | €13,948 | -€10,050 | -41.9% |
| Financial debts | 170/4 | €23,998 | €13,948 | -€10,050 | -41.9% |
| Amounts payable within one year | 42/48 | €60,372 | €95,208 | +€34,836 | +57.7% |
| Current portion of amounts payable after more than one year | 42 | €9,711 | €10,050 | +€339 | +3.5% |
| Trade debts | 44 | €12,279 | €17,210 | +€4,931 | +40.2% |
| Suppliers | 440/4 | €12,279 | €17,210 | +€4,931 | +40.2% |
| Taxes, remuneration and social security | 45 | €38,031 | €67,948 | +€29,917 | +78.7% |
| Taxes | 450/3 | €23,380 | €52,093 | +€28,713 | +122.8% |
| Remuneration and social security | 454/9 | €14,651 | €15,855 | +€1,204 | +8.2% |
| Other amounts payable | 47/48 | €351 | €0 | -€351 | -100.0% |
| Non-recurring operating income | 76A | €21,164 | €0 | -€21,164 | -100.0% |
| Remuneration, social security and pensions | 62 | €77,086 | €81,949 | +€4,863 | +6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,871 | €28,626 | +€3,756 | +15.1% |
| Other operating charges | 640/8 | €1,341 | €2,392 | +€1,051 | +78.4% |
| Gross operating margin | 9900 | €177,389 | €180,335 | +€2,946 | +1.7% |
| Operating profit (loss) | 9901 | €74,092 | €67,368 | -€6,724 | -9.1% |
| Financial income | 75/76B | €28,867 | €144,785 | +€115,918 | +401.6% |
| Recurring financial income | 75 | €28,867 | €144,785 | +€115,918 | +401.6% |
| Financial charges | 65/66B | €5,378 | €5,142 | -€235 | -4.4% |
| Recurring financial charges | 65 | €5,378 | €5,142 | -€235 | -4.4% |
| Profit (loss) for the period before taxes | 9903 | €97,581 | €207,011 | +€109,429 | +112.1% |
| Income taxes | 67/77 | €29,696 | €54,467 | +€24,771 | +83.4% |
| Profit (loss) for the period | 9904 | €67,885 | €152,544 | +€84,659 | +124.7% |
| Profit (loss) for the period to be appropriated | 9905 | €67,885 | €152,544 | +€84,659 | +124.7% |
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 3 October 2026 via checked.be.