TRIFOLIUM: 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.
TRIFOLIUM
Largest movements
- Current investments +€307,115
up €307,115 (+33.3%), from €921,346 to €1.2m
- Financial fixed assets +€185,000
new in 2025: €185,000
- Other debts +€307,786
up €307,786 (+33.4%), from €921,452 to €1.2m
- Current portion of long-term debt +€200,000
new in 2025: €200,000
- Reserves -€15,799
down €15,799 (-43.6%), from €36,247 to €20,447
- Financial charges +€38,530
up €38,530 (+40,519%), from €95 to €38,625
- Financial income +€22,606
up €22,606 (+262%), from €8,621 to €31,227
- Taxes +€7,962
up €7,962 (+535%), from €1,489 to €9,452
- Gross operating margin +€137
up €137 (+7.4%), from €1,857 to €1,994
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 | €964,194 | €1,457,415 | +€493,221 | +51.2% |
| Fixed assets | 21/28 | €667 | €185,123 | +€184,456 | +27,669% |
| Tangible fixed assets | 22/27 | €667 | €123 | -€544 | -81.6% |
| Furniture and vehicles | 24 | €667 | €123 | -€544 | -81.6% |
| Financial fixed assets | 28 | - | €185,000 | +€185,000 | |
| Current assets | 29/58 | €963,527 | €1,272,292 | +€308,765 | +32.0% |
| Amounts receivable within one year | 40/41 | €2,882 | €6,165 | +€3,283 | +114% |
| Other amounts receivable | 41 | €2,882 | €6,165 | +€3,283 | +114% |
| Current investments | 50/53 | €921,346 | €1,228,461 | +€307,115 | +33.3% |
| Cash at bank and in hand | 54/58 | €35,787 | €37,103 | +€1,316 | +3.7% |
| Deferred charges and accrued income | 490/1 | €3,513 | €564 | -€2,949 | -84.0% |
| Total equity and liabilities | 10/49 | €964,194 | €1,457,415 | +€493,221 | +51.2% |
| Equity | 10/15 | €42,651 | €26,852 | -€15,799 | -37.0% |
| Contributions | 10/11 | €6,405 | €6,405 | = | 0.0% |
| Reserves | 13 | €36,247 | €20,447 | -€15,799 | -43.6% |
| Distributable reserves | 133 | €36,247 | €20,447 | -€15,799 | -43.6% |
| Amounts payable | 17/49 | €921,543 | €1,430,563 | +€509,020 | +55.2% |
| Amounts payable within one year | 42/48 | €921,543 | €1,430,563 | +€509,020 | +55.2% |
| Current portion of amounts payable after more than one year | 42 | - | €200,000 | +€200,000 | |
| Trade debts | 44 | €91 | €1,325 | +€1,234 | +1,360% |
| Suppliers | 440/4 | €91 | €1,325 | +€1,234 | +1,360% |
| Other amounts payable | 47/48 | €921,452 | €1,229,238 | +€307,786 | +33.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €544 | €544 | = | 0.0% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €1,857 | €1,994 | +€137 | +7.4% |
| Operating profit (loss) | 9901 | €926 | €1,050 | +€124 | +13.4% |
| Financial income | 75/76B | €8,621 | €31,227 | +€22,606 | +262% |
| Recurring financial income | 75 | €8,621 | €31,227 | +€22,606 | +262% |
| Financial charges | 65/66B | €95 | €38,625 | +€38,530 | +40,519% |
| Recurring financial charges | 65 | €95 | €38,625 | +€38,530 | +40,519% |
| Profit (loss) for the period before taxes | 9903 | €9,451 | -€6,348 | -€15,799 | |
| Income taxes | 67/77 | €1,489 | €9,452 | +€7,962 | +535% |
| Profit (loss) for the period | 9904 | €7,962 | -€15,799 | -€23,761 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,962 | -€15,799 | -€23,761 |
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 16 October 2026 via checked.be.