TRIFOLIUM ADVISORY: 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 ADVISORY
Largest movements
- Cash +€10,938
up €10,938 (+120%), from €9,148 to €20,086
mainly Other debts (+€6,485) and Net result for the year (+€5,218)
- Receivables within one year -€3,065
down €3,065 (-54.7%), from €5,605 to €2,540
of which Trade receivables: -€3,183
- Deferred charges and accrued income -€1,567
no longer reported in 2025 (was €1,567)
- Tangible fixed assets -€943
down €943 (-52.0%), from €1,814 to €870
- Other debts +€6,485
up €6,485 (+142%), from €4,579 to €11,064
- Tax, wage and social debts -€5,224
down €5,224 (-98.6%), from €5,298 to €74
- Profit (loss) carried forward +€5,218
up €5,218 (+37.4%), from -€13,970 to -€8,752
- Trade debts -€733
down €733 (-53.0%), from €1,383 to €650
- Accrued charges and deferred income -€384
no longer reported in 2025 (was €384)
- Gross operating margin +€22,207
up €22,207, from -€15,395 to €6,812
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 | €18,134 | €23,496 | +€5,362 | +29.6% |
| Fixed assets | 21/28 | €1,814 | €870 | -€943 | -52.0% |
| Tangible fixed assets | 22/27 | €1,814 | €870 | -€943 | -52.0% |
| Furniture and vehicles | 24 | €1,814 | €870 | -€943 | -52.0% |
| Current assets | 29/58 | €16,320 | €22,626 | +€6,305 | +38.6% |
| Amounts receivable within one year | 40/41 | €5,605 | €2,540 | -€3,065 | -54.7% |
| Trade receivables | 40 | €5,605 | €2,422 | -€3,183 | -56.8% |
| Other amounts receivable | 41 | - | €118 | +€118 | |
| Cash at bank and in hand | 54/58 | €9,148 | €20,086 | +€10,938 | +120% |
| Deferred charges and accrued income | 490/1 | €1,567 | - | -€1,567 | |
| Total equity and liabilities | 10/49 | €18,134 | €23,496 | +€5,362 | +29.6% |
| Equity | 10/15 | €6,490 | €11,708 | +€5,218 | +80.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,970 | -€8,752 | +€5,218 | +37.4% |
| Amounts payable | 17/49 | €11,644 | €11,788 | +€144 | +1.2% |
| Amounts payable within one year | 42/48 | €11,260 | €11,788 | +€528 | +4.7% |
| Trade debts | 44 | €1,383 | €650 | -€733 | -53.0% |
| Suppliers | 440/4 | €1,383 | €650 | -€733 | -53.0% |
| Taxes, remuneration and social security | 45 | €5,298 | €74 | -€5,224 | -98.6% |
| Taxes | 450/3 | €5,298 | €74 | -€5,224 | -98.6% |
| Other amounts payable | 47/48 | €4,579 | €11,064 | +€6,485 | +142% |
| Accrued charges and deferred income | 492/3 | €384 | - | -€384 | |
| Non-recurring operating income | 76A | - | €1,157 | +€1,157 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €943 | €943 | -€0 | 0.0% |
| Other operating charges | 640/8 | €615 | €542 | -€74 | -12.0% |
| Gross operating margin | 9900 | -€15,395 | €6,812 | +€22,207 | |
| Operating profit (loss) | 9901 | -€16,954 | €5,327 | +€22,280 | |
| Financial income | 75/76B | - | €125 | +€125 | |
| Recurring financial income | 75 | - | €125 | +€125 | |
| Financial charges | 65/66B | €179 | €160 | -€19 | -10.7% |
| Recurring financial charges | 65 | €179 | €160 | -€19 | -10.7% |
| Profit (loss) for the period before taxes | 9903 | -€17,132 | €5,293 | +€22,425 | |
| Income taxes | 67/77 | €135 | €74 | -€61 | -45.3% |
| Profit (loss) for the period | 9904 | -€17,268 | €5,218 | +€22,486 | |
| Profit (loss) for the period to be appropriated | 9905 | -€17,268 | €5,218 | +€22,486 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.