TRIFECTO: 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.
TRIFECTO
Largest movements
- Tangible fixed assets -€25,325
down €25,325 (-15.0%), from €168,465 to €143,140
of which Plant, machinery and equipment: -€27,368
- Receivables within one year +€20,921
up €20,921 (+96.3%), from €21,731 to €42,652
of which Other amounts receivable: +€16,239
- Cash -€17,749
down €17,749 (-20.8%), from €85,272 to €67,523
mainly Contributions, distributions and other (-€131,908) and Receivables within one year (-€20,921)
- Reserves -€123,558
down €123,558 (-56.1%), from €220,283 to €96,724
- Other debts +€119,719
new in 2025: €119,719
- Debts after one year -€15,367
down €15,367 (-51.1%), from €30,057 to €14,690
- Trade debts -€4,676
down €4,676 (-76.8%), from €6,090 to €1,414
- Gross operating margin -€59,381
down €59,381 (-53.2%), from €111,638 to €52,258
- Taxes -€16,433
down €16,433 (-82.6%), from €19,889 to €3,456
- Depreciation +€3,598
up €3,598 (+10.5%), from €34,418 to €38,016
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 | €277,260 | €253,696 | -€23,564 | -8.5% |
| Fixed assets | 21/28 | €168,465 | €143,140 | -€25,325 | -15.0% |
| Tangible fixed assets | 22/27 | €168,465 | €143,140 | -€25,325 | -15.0% |
| Land and buildings | 22 | €68,504 | €57,031 | -€11,472 | -16.7% |
| Plant, machinery and equipment | 23 | €47,910 | €20,542 | -€27,368 | -57.1% |
| Furniture and vehicles | 24 | €52,051 | €65,567 | +€13,516 | +26.0% |
| Current assets | 29/58 | €108,795 | €110,556 | +€1,761 | +1.6% |
| Amounts receivable within one year | 40/41 | €21,731 | €42,652 | +€20,921 | +96.3% |
| Trade receivables | 40 | €12,971 | €17,653 | +€4,682 | +36.1% |
| Other amounts receivable | 41 | €8,760 | €24,999 | +€16,239 | +185% |
| Cash at bank and in hand | 54/58 | €85,272 | €67,523 | -€17,749 | -20.8% |
| Deferred charges and accrued income | 490/1 | €1,792 | €381 | -€1,411 | -78.7% |
| Total equity and liabilities | 10/49 | €277,260 | €253,696 | -€23,564 | -8.5% |
| Equity | 10/15 | €220,284 | €96,725 | -€123,558 | -56.1% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €220,283 | €96,724 | -€123,558 | -56.1% |
| Distributable reserves | 133 | €220,283 | €96,724 | -€123,558 | -56.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €56,977 | €156,971 | +€99,995 | +176% |
| Amounts payable after more than one year | 17 | €30,057 | €14,690 | -€15,367 | -51.1% |
| Financial debts | 170/4 | €30,057 | €14,690 | -€15,367 | -51.1% |
| Amounts payable within one year | 42/48 | €26,062 | €142,249 | +€116,187 | +446% |
| Current portion of amounts payable after more than one year | 42 | €14,708 | €15,367 | +€659 | +4.5% |
| Trade debts | 44 | €6,090 | €1,414 | -€4,676 | -76.8% |
| Suppliers | 440/4 | €6,090 | €1,414 | -€4,676 | -76.8% |
| Taxes, remuneration and social security | 45 | €5,264 | €5,749 | +€485 | +9.2% |
| Taxes | 450/3 | €5,264 | €5,749 | +€485 | +9.2% |
| Other amounts payable | 47/48 | - | €119,719 | +€119,719 | |
| Accrued charges and deferred income | 492/3 | €857 | €31 | -€826 | -96.3% |
| Non-recurring operating income | 76A | €34,389 | €0 | -€34,389 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,418 | €38,016 | +€3,598 | +10.5% |
| Other operating charges | 640/8 | €1,000 | €1,506 | +€505 | +50.5% |
| Gross operating margin | 9900 | €111,638 | €52,258 | -€59,381 | -53.2% |
| Operating profit (loss) | 9901 | €76,220 | €12,736 | -€63,484 | -83.3% |
| Financial income | 75/76B | €466 | €845 | +€378 | +81.1% |
| Recurring financial income | 75 | €466 | €845 | +€378 | +81.1% |
| Financial charges | 65/66B | €2,392 | €1,775 | -€618 | -25.8% |
| Recurring financial charges | 65 | €2,392 | €1,775 | -€618 | -25.8% |
| Profit (loss) for the period before taxes | 9903 | €74,295 | €11,806 | -€62,489 | -84.1% |
| Income taxes | 67/77 | €19,889 | €3,456 | -€16,433 | -82.6% |
| Profit (loss) for the period | 9904 | €54,406 | €8,350 | -€46,056 | -84.7% |
| Profit (loss) for the period to be appropriated | 9905 | €54,406 | €8,350 | -€46,056 | -84.7% |
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 14 October 2026 via checked.be.