Tricore: 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.
Tricore
Largest movements
- Cash +€278,313
up €278,313 (+266%), from €104,644 to €382,958
mainly Net result for the year (+€473,398) and Depreciation (+€46,697)
- Stocks and contracts +€60,444
up €60,444 (+51.8%), from €116,594 to €177,038
- Tangible fixed assets +€45,737
up €45,737 (+50.4%), from €90,761 to €136,498
of which Other tangible fixed assets: +€51,391
- Receivables within one year +€13,273
up €13,273 (+3.0%), from €438,425 to €451,698
of which Trade receivables: +€68,397
- Reserves +€473,398
up €473,398 (+105%), from €450,376 to €923,774
of which Distributable reserves: +€304,998
- Tax, wage and social debts -€72,034
down €72,034 (-34.6%), from €207,918 to €135,884
of which Taxes: -€65,731
- Trade debts -€51,237
down €51,237 (-43.7%), from €117,177 to €65,940
- Accrued charges and deferred income +€22,810
up €22,810 (+1,671%), from €1,365 to €24,175
- Debts after one year +€16,084
new in 2025: €16,084
- Gross operating margin +€593,477
up €593,477 (+59.6%), from €996,124 to €1.6m
- Staff costs +€263,700
up €263,700 (+42.9%), from €614,039 to €877,738
- Taxes +€83,557
up €83,557 (+99.5%), from €83,962 to €167,519
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 | €794,434 | €1,195,314 | +€400,880 | +50.5% |
| Fixed assets | 21/28 | €96,503 | €142,240 | +€45,737 | +47.4% |
| Tangible fixed assets | 22/27 | €90,761 | €136,498 | +€45,737 | +50.4% |
| Land and buildings | 22 | €472 | €224 | -€248 | -52.5% |
| Plant, machinery and equipment | 23 | €61,908 | €50,491 | -€11,418 | -18.4% |
| Furniture and vehicles | 24 | €23,150 | €29,162 | +€6,011 | +26.0% |
| Other tangible fixed assets | 26 | €5,230 | €56,621 | +€51,391 | +983% |
| Financial fixed assets | 28 | €5,742 | €5,742 | = | 0.0% |
| Current assets | 29/58 | €697,931 | €1,053,074 | +€355,143 | +50.9% |
| Stocks and contracts in progress | 3 | €116,594 | €177,038 | +€60,444 | +51.8% |
| Stocks | 30/36 | €116,594 | €177,038 | +€60,444 | +51.8% |
| Amounts receivable within one year | 40/41 | €438,425 | €451,698 | +€13,273 | +3.0% |
| Trade receivables | 40 | €375,810 | €444,207 | +€68,397 | +18.2% |
| Other amounts receivable | 41 | €62,614 | €7,491 | -€55,124 | -88.0% |
| Cash at bank and in hand | 54/58 | €104,644 | €382,958 | +€278,313 | +266% |
| Deferred charges and accrued income | 490/1 | €38,268 | €41,380 | +€3,113 | +8.1% |
| Total equity and liabilities | 10/49 | €794,434 | €1,195,314 | +€400,880 | +50.5% |
| Equity | 10/15 | €465,376 | €938,774 | +€473,398 | +102% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €450,376 | €923,774 | +€473,398 | +105% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | - | €168,400 | +€168,400 | |
| Distributable reserves | 133 | €450,376 | €755,374 | +€304,998 | +67.7% |
| Amounts payable | 17/49 | €329,057 | €256,539 | -€72,518 | -22.0% |
| Amounts payable after more than one year | 17 | - | €16,084 | +€16,084 | |
| Financial debts | 170/4 | - | €16,084 | +€16,084 | |
| Amounts payable within one year | 42/48 | €327,692 | €216,281 | -€111,412 | -34.0% |
| Current portion of amounts payable after more than one year | 42 | €0 | €14,339 | +€14,339 | |
| Trade debts | 44 | €117,177 | €65,940 | -€51,237 | -43.7% |
| Suppliers | 440/4 | €117,177 | €65,940 | -€51,237 | -43.7% |
| Taxes, remuneration and social security | 45 | €207,918 | €135,884 | -€72,034 | -34.6% |
| Taxes | 450/3 | €110,300 | €44,569 | -€65,731 | -59.6% |
| Remuneration and social security | 454/9 | €97,618 | €91,315 | -€6,302 | -6.5% |
| Other amounts payable | 47/48 | €2,598 | €118 | -€2,480 | -95.5% |
| Accrued charges and deferred income | 492/3 | €1,365 | €24,175 | +€22,810 | +1,671% |
| Remuneration, social security and pensions | 62 | €614,039 | €877,738 | +€263,700 | +42.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,079 | €46,697 | +€8,618 | +22.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €6,501 | €0 | -€6,501 | -100% |
| Other operating charges | 640/8 | €7,602 | €7,568 | -€34 | -0.4% |
| Gross operating margin | 9900 | €996,124 | €1,589,602 | +€593,477 | +59.6% |
| Operating profit (loss) | 9901 | €329,903 | €657,598 | +€327,695 | +99.3% |
| Financial charges | 65/66B | €16,160 | €16,681 | +€520 | +3.2% |
| Recurring financial charges | 65 | €16,160 | €16,681 | +€520 | +3.2% |
| Profit (loss) for the period before taxes | 9903 | €313,743 | €640,918 | +€327,174 | +104% |
| Income taxes | 67/77 | €83,962 | €167,519 | +€83,557 | +99.5% |
| Profit (loss) for the period | 9904 | €229,781 | €473,398 | +€243,617 | +106% |
| Transfer to tax-exempt reserves | 689 | - | €168,400 | +€168,400 | |
| Profit (loss) for the period to be appropriated | 9905 | €229,781 | €304,998 | +€75,217 | +32.7% |
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 15 October 2026 via checked.be.