TRICABO: 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.
TRICABO
Largest movements
- Receivables within one year +€1.3m
up €1.3m (+405.6%), from €332,721 to €1.7m
of which Other amounts receivable: +€1.0m
- Stocks and contracts +€988,541
up €988,541 (+129.9%), from €760,885 to €1.7m
- Cash -€249,051
down €249,051 (-93.0%), from €267,887 to €18,836
mainly Receivables within one year (-€1.3m) and Stocks and contracts (-€988,541)
- Short-term financial debts +€1.6m
new in 2025: €1.6m
- Debts after one year +€229,772
up €229,772 (+201.0%), from €114,336 to €344,109
of which Financial debts: +€229,772
- Other debts +€202,906
up €202,906 (+21.9%), from €927,173 to €1.1m
- Financial income +€239,369
up €239,369 (+2204.3%), from €10,859 to €250,228
- Gross operating margin -€230,341
down €230,341 (-57.6%), from €399,895 to €169,554
- Staff costs +€99,998
up €99,998 (+109.1%), from €91,647 to €191,645
- Taxes -€36,750
down €36,750 (-67.7%), from €54,268 to €17,518
- Depreciation +€20,070
up €20,070 (+32.5%), from €61,668 to €81,737
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 | €2,208,537 | €4,289,175 | +€2.1m | +94.2% |
| Fixed assets | 21/28 | €827,942 | €816,843 | -€11,100 | -1.3% |
| Tangible fixed assets | 22/27 | €811,604 | €800,504 | -€11,100 | -1.4% |
| Land and buildings | 22 | €613,880 | €648,705 | +€34,825 | +5.7% |
| Plant, machinery and equipment | 23 | €84,137 | €69,381 | -€14,756 | -17.5% |
| Furniture and vehicles | 24 | €8,040 | €9,481 | +€1,442 | +17.9% |
| Leasing and similar rights | 25 | €105,548 | €72,937 | -€32,611 | -30.9% |
| Financial fixed assets | 28 | €16,339 | €16,339 | = | 0.0% |
| Current assets | 29/58 | €1,380,595 | €3,472,333 | +€2.1m | +151.5% |
| Stocks and contracts in progress | 3 | €760,885 | €1,749,426 | +€988,541 | +129.9% |
| Stocks | 30/36 | €760,885 | €1,749,426 | +€988,541 | +129.9% |
| Amounts receivable within one year | 40/41 | €332,721 | €1,682,107 | +€1.3m | +405.6% |
| Trade receivables | 40 | €311,259 | €653,787 | +€342,528 | +110.0% |
| Other amounts receivable | 41 | €21,462 | €1,028,321 | +€1.0m | +4691.3% |
| Cash at bank and in hand | 54/58 | €267,887 | €18,836 | -€249,051 | -93.0% |
| Deferred charges and accrued income | 490/1 | €19,102 | €21,963 | +€2,861 | +15.0% |
| Total equity and liabilities | 10/49 | €2,208,537 | €4,289,175 | +€2.1m | +94.2% |
| Equity | 10/15 | €674,131 | €695,172 | +€21,041 | +3.1% |
| Contributions | 10/11 | €114,600 | €114,600 | = | 0.0% |
| Capital | 10 | €114,600 | €114,600 | = | 0.0% |
| Issued capital | 100 | €114,600 | €114,600 | = | 0.0% |
| Reserves | 13 | €559,531 | €580,572 | +€21,041 | +3.8% |
| Non-distributable reserves | 130/1 | €11,460 | €11,460 | = | 0.0% |
| Legal reserve | 130 | €11,460 | €11,460 | = | 0.0% |
| Distributable reserves | 133 | €548,071 | €569,112 | +€21,041 | +3.8% |
| Amounts payable | 17/49 | €1,534,406 | €3,594,004 | +€2.1m | +134.2% |
| Amounts payable after more than one year | 17 | €114,336 | €344,109 | +€229,772 | +201.0% |
| Financial debts | 170/4 | €110,736 | €340,509 | +€229,772 | +207.5% |
| Other amounts payable | 178/9 | €3,600 | €3,600 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,358,890 | €3,188,515 | +€1.8m | +134.6% |
| Current portion of amounts payable after more than one year | 42 | €41,473 | €58,733 | +€17,260 | +41.6% |
| Financial debts | 43 | - | €1,616,641 | +€1.6m | |
| Credit institutions | 430/8 | - | €1,616,641 | +€1.6m | |
| Trade debts | 44 | €324,264 | €295,354 | -€28,911 | -8.9% |
| Suppliers | 440/4 | €324,264 | €295,354 | -€28,911 | -8.9% |
| Taxes, remuneration and social security | 45 | €65,981 | €87,710 | +€21,729 | +32.9% |
| Taxes | 450/3 | €63,641 | €76,483 | +€12,841 | +20.2% |
| Remuneration and social security | 454/9 | €2,339 | €11,227 | +€8,888 | +380.0% |
| Other amounts payable | 47/48 | €927,173 | €1,130,078 | +€202,906 | +21.9% |
| Accrued charges and deferred income | 492/3 | €61,180 | €61,380 | +€201 | +0.3% |
| Non-recurring operating income | 76A | - | €2,066 | +€2,066 | |
| Remuneration, social security and pensions | 62 | €91,647 | €191,645 | +€99,998 | +109.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,668 | €81,737 | +€20,070 | +32.5% |
| Other operating charges | 640/8 | €10,965 | €14,790 | +€3,825 | +34.9% |
| Non-recurring operating charges | 66A | €1,025 | - | -€1,025 | |
| Gross operating margin | 9900 | €399,895 | €169,554 | -€230,341 | -57.6% |
| Operating profit (loss) | 9901 | €234,590 | -€118,619 | -€353,209 | |
| Financial income | 75/76B | €10,859 | €250,228 | +€239,369 | +2204.3% |
| Recurring financial income | 75 | €10,859 | €250,228 | +€239,369 | +2204.3% |
| Financial charges | 65/66B | €78,711 | €93,051 | +€14,340 | +18.2% |
| Recurring financial charges | 65 | €78,711 | €93,051 | +€14,340 | +18.2% |
| Profit (loss) for the period before taxes | 9903 | €166,738 | €38,558 | -€128,180 | -76.9% |
| Income taxes | 67/77 | €54,268 | €17,518 | -€36,750 | -67.7% |
| Profit (loss) for the period | 9904 | €112,471 | €21,041 | -€91,430 | -81.3% |
| Profit (loss) for the period to be appropriated | 9905 | €112,471 | €21,041 | -€91,430 | -81.3% |
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 7 October 2026 via checked.be.