TRIDENT: 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.
TRIDENT
Largest movements
- Receivables within one year +€19,347
up €19,347 (+10.4%), from €186,127 to €205,473
of which Trade receivables: +€18,150
- Tangible fixed assets -€7,201
down €7,201 (-10.5%), from €68,394 to €61,192
of which Furniture and vehicles: -€13,605
- Current investments +€6,232
new in 2025: €6,232
- Cash -€4,741
down €4,741 (-49.4%), from €9,590 to €4,849
mainly Short-term financial debts (-€28,793) and Receivables within one year (-€19,347)
- Reserves +€34,807
up €34,807 (+15.9%), from €219,340 to €254,147
- Short-term financial debts -€28,793
down €28,793 (-24.6%), from €117,000 to €88,207
- Debts after one year -€10,215
down €10,215 (-23.7%), from €43,100 to €32,884
- Accrued charges and deferred income +€6,624
up €6,624 (+60.6%), from €10,931 to €17,555
- Tax, wage and social debts +€6,066
up €6,066 (+60.6%), from €10,003 to €16,070
- Gross operating margin +€30,151
up €30,151 (+201%), from €15,029 to €45,181
- Taxes +€11,587
up €11,587 (+191%), from €6,082 to €17,669
- Financial charges -€4,424
down €4,424 (-33.6%), from €13,160 to €8,736
- Depreciation +€3,963
up €3,963 (+36.9%), from €10,737 to €14,699
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 | €426,139 | €439,459 | +€13,320 | +3.1% |
| Fixed assets | 21/28 | €68,394 | €61,192 | -€7,201 | -10.5% |
| Tangible fixed assets | 22/27 | €68,394 | €61,192 | -€7,201 | -10.5% |
| Plant, machinery and equipment | 23 | - | €6,404 | +€6,404 | |
| Furniture and vehicles | 24 | €54,604 | €40,998 | -€13,605 | -24.9% |
| Other tangible fixed assets | 26 | €13,790 | €13,790 | = | 0.0% |
| Current assets | 29/58 | €357,746 | €378,266 | +€20,521 | +5.7% |
| Amounts receivable after more than one year | 29 | €161,500 | €161,500 | = | 0.0% |
| Other amounts receivable | 291 | €161,500 | €161,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €186,127 | €205,473 | +€19,347 | +10.4% |
| Trade receivables | 40 | €12,100 | €30,250 | +€18,150 | +150% |
| Other amounts receivable | 41 | €174,027 | €175,223 | +€1,197 | +0.7% |
| Current investments | 50/53 | - | €6,232 | +€6,232 | |
| Cash at bank and in hand | 54/58 | €9,590 | €4,849 | -€4,741 | -49.4% |
| Deferred charges and accrued income | 490/1 | €529 | €213 | -€316 | -59.8% |
| Total equity and liabilities | 10/49 | €426,139 | €439,459 | +€13,320 | +3.1% |
| Equity | 10/15 | €228,174 | €262,981 | +€34,807 | +15.3% |
| Contributions | 10/11 | €8,834 | €8,834 | = | 0.0% |
| Reserves | 13 | €219,340 | €254,147 | +€34,807 | +15.9% |
| Distributable reserves | 133 | €219,340 | €254,147 | +€34,807 | +15.9% |
| Amounts payable | 17/49 | €197,965 | €176,477 | -€21,487 | -10.9% |
| Amounts payable after more than one year | 17 | €43,100 | €32,884 | -€10,215 | -23.7% |
| Financial debts | 170/4 | €43,100 | €32,884 | -€10,215 | -23.7% |
| Amounts payable within one year | 42/48 | €143,934 | €126,038 | -€17,896 | -12.4% |
| Current portion of amounts payable after more than one year | 42 | €12,377 | €14,765 | +€2,389 | +19.3% |
| Financial debts | 43 | €117,000 | €88,207 | -€28,793 | -24.6% |
| Credit institutions | 430/8 | €117,000 | €88,207 | -€28,793 | -24.6% |
| Trade debts | 44 | €4,506 | €4,268 | -€238 | -5.3% |
| Suppliers | 440/4 | €4,506 | €4,268 | -€238 | -5.3% |
| Taxes, remuneration and social security | 45 | €10,003 | €16,070 | +€6,066 | +60.6% |
| Taxes | 450/3 | €10,003 | €16,070 | +€6,066 | +60.6% |
| Other amounts payable | 47/48 | €48 | €2,728 | +€2,680 | +5,528% |
| Accrued charges and deferred income | 492/3 | €10,931 | €17,555 | +€6,624 | +60.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,737 | €14,699 | +€3,963 | +36.9% |
| Other operating charges | 640/8 | €505 | €164 | -€341 | -67.5% |
| Non-recurring operating charges | 66A | €1,627 | €0 | -€1,627 | -100% |
| Gross operating margin | 9900 | €15,029 | €45,181 | +€30,151 | +201% |
| Operating profit (loss) | 9901 | €2,160 | €30,317 | +€28,157 | +1,303% |
| Financial income | 75/76B | €30,768 | €30,895 | +€126 | +0.4% |
| Recurring financial income | 75 | €30,768 | €30,895 | +€126 | +0.4% |
| Financial charges | 65/66B | €13,160 | €8,736 | -€4,424 | -33.6% |
| Recurring financial charges | 65 | €13,160 | €8,736 | -€4,424 | -33.6% |
| Profit (loss) for the period before taxes | 9903 | €19,769 | €52,476 | +€32,707 | +165% |
| Income taxes | 67/77 | €6,082 | €17,669 | +€11,587 | +191% |
| Profit (loss) for the period | 9904 | €13,687 | €34,807 | +€21,120 | +154% |
| Profit (loss) for the period to be appropriated | 9905 | €13,687 | €34,807 | +€21,120 | +154% |
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 17 October 2026 via checked.be.