TrianoWare: 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.
TrianoWare
Largest movements
- Tangible fixed assets -€11,331
down €11,331 (-31.2%), from €36,276 to €24,945
of which Leasing and similar rights: -€9,251
- Receivables within one year -€8,696
down €8,696 (-65.1%), from €13,362 to €4,666
of which Other amounts receivable: -€4,853
- Cash -€4,472
down €4,472 (-9.1%), from €49,066 to €44,594
mainly Tax, wage and social debts (-€9,351) and Debts after one year (-€8,638)
- Tax, wage and social debts -€9,351
down €9,351 (-77.5%), from €12,071 to €2,719
of which Taxes: -€11,841
- Debts after one year -€8,638
down €8,638 (-41.0%), from €21,059 to €12,421
- Profit (loss) carried forward -€6,288
new in 2025: -€6,288
- Current portion of long-term debt +€1,987
up €1,987 (+29.9%), from €6,652 to €8,638
- Trade debts -€1,898
down €1,898 (-53.0%), from €3,579 to €1,681
- Gross operating margin -€27,026
down €27,026 (-71.8%), from €37,627 to €10,601
- Taxes -€6,243
down €6,243 (-97.5%), from €6,402 to €158
- Other operating charges +€1,383
up €1,383 (+642%), from €215 to €1,599
- Depreciation +€683
up €683 (+5.3%), from €12,829 to €13,511
- Financial charges -€439
down €439 (-24.7%), from €1,774 to €1,335
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.
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 | €105,395 | €81,221 | -€24,174 | -22.9% |
| Fixed assets | 21/28 | €36,276 | €24,945 | -€11,331 | -31.2% |
| Tangible fixed assets | 22/27 | €36,276 | €24,945 | -€11,331 | -31.2% |
| Plant, machinery and equipment | 23 | €5,899 | €4,749 | -€1,150 | -19.5% |
| Furniture and vehicles | 24 | €930 | €0 | -€930 | -100% |
| Leasing and similar rights | 25 | €29,448 | €20,196 | -€9,251 | -31.4% |
| Current assets | 29/58 | €69,119 | €56,276 | -€12,843 | -18.6% |
| Amounts receivable within one year | 40/41 | €13,362 | €4,666 | -€8,696 | -65.1% |
| Trade receivables | 40 | €8,509 | €4,666 | -€3,843 | -45.2% |
| Other amounts receivable | 41 | €4,853 | €0 | -€4,853 | -100% |
| Cash at bank and in hand | 54/58 | €49,066 | €44,594 | -€4,472 | -9.1% |
| Deferred charges and accrued income | 490/1 | €6,691 | €7,016 | +€325 | +4.9% |
| Total equity and liabilities | 10/49 | €105,395 | €81,221 | -€24,174 | -22.9% |
| Equity | 10/15 | €62,003 | €55,715 | -€6,288 | -10.1% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €58,003 | €58,003 | = | 0.0% |
| Distributable reserves | 133 | €58,003 | €58,003 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€6,288 | -€6,288 | |
| Amounts payable | 17/49 | €43,392 | €25,506 | -€17,886 | -41.2% |
| Amounts payable after more than one year | 17 | €21,059 | €12,421 | -€8,638 | -41.0% |
| Financial debts | 170/4 | €21,059 | €12,421 | -€8,638 | -41.0% |
| Amounts payable within one year | 42/48 | €22,301 | €13,040 | -€9,261 | -41.5% |
| Current portion of amounts payable after more than one year | 42 | €6,652 | €8,638 | +€1,987 | +29.9% |
| Trade debts | 44 | €3,579 | €1,681 | -€1,898 | -53.0% |
| Suppliers | 440/4 | €3,579 | €1,681 | -€1,898 | -53.0% |
| Taxes, remuneration and social security | 45 | €12,071 | €2,719 | -€9,351 | -77.5% |
| Taxes | 450/3 | €12,071 | €229 | -€11,841 | -98.1% |
| Remuneration and social security | 454/9 | - | €2,490 | +€2,490 | |
| Other amounts payable | 47/48 | €0 | €1 | +€1 | |
| Accrued charges and deferred income | 492/3 | €32 | €45 | +€13 | +42.5% |
| Remuneration, social security and pensions | 62 | - | €292 | +€292 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,829 | €13,511 | +€683 | +5.3% |
| Other operating charges | 640/8 | €215 | €1,599 | +€1,383 | +642% |
| Gross operating margin | 9900 | €37,627 | €10,601 | -€27,026 | -71.8% |
| Operating profit (loss) | 9901 | €24,583 | -€4,801 | -€29,384 | |
| Financial income | 75/76B | €38 | €6 | -€32 | -84.0% |
| Recurring financial income | 75 | €38 | €6 | -€32 | -84.0% |
| Financial charges | 65/66B | €1,774 | €1,335 | -€439 | -24.7% |
| Recurring financial charges | 65 | €1,774 | €1,335 | -€439 | -24.7% |
| Profit (loss) for the period before taxes | 9903 | €22,847 | -€6,130 | -€28,977 | |
| Income taxes | 67/77 | €6,402 | €158 | -€6,243 | -97.5% |
| Profit (loss) for the period | 9904 | €16,446 | -€6,288 | -€22,734 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,446 | -€6,288 | -€22,734 |
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 18 October 2026 via checked.be.