TRIFONA: 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.
TRIFONA
Largest movements
- Receivables within one year +€41,178
up €41,178 (+673%), from €6,115 to €47,293
of which Trade receivables: +€28,332
- Cash +€7,810
up €7,810 (+53.3%), from €14,660 to €22,470
mainly Other debts (+€91,300) and Net result for the year (+€45,121)
- Deferred charges and accrued income -€4,808
down €4,808 (-8.7%), from €55,152 to €50,344
- Tangible fixed assets +€3,976
up €3,976 (+45.8%), from €8,681 to €12,656
- Other debts +€91,300
up €91,300 (+2,029%), from €4,500 to €95,800
- Reserves -€50,679
down €50,679 (-90.7%), from €55,881 to €5,202
- Trade debts +€13,780
up €13,780 (+232%), from €5,944 to €19,724
- Tax, wage and social debts -€6,471
down €6,471 (-43.3%), from €14,930 to €8,460
- Gross operating margin -€12,984
down €12,984 (-16.0%), from €81,308 to €68,324
- Taxes -€4,223
down €4,223 (-23.2%), from €18,221 to €13,997
- Financial charges +€2,737
up €2,737 (+120%), from €2,275 to €5,011
- Other operating charges +€1,456
up €1,456 (+105%), from €1,393 to €2,849
- Depreciation +€1,235
up €1,235 (+530%), from €233 to €1,468
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 | €84,608 | €132,763 | +€48,155 | +56.9% |
| Fixed assets | 21/28 | €8,681 | €12,656 | +€3,976 | +45.8% |
| Tangible fixed assets | 22/27 | €8,681 | €12,656 | +€3,976 | +45.8% |
| Furniture and vehicles | 24 | €8,681 | €12,656 | +€3,976 | +45.8% |
| Current assets | 29/58 | €75,927 | €120,107 | +€44,179 | +58.2% |
| Amounts receivable within one year | 40/41 | €6,115 | €47,293 | +€41,178 | +673% |
| Trade receivables | 40 | €2,410 | €30,742 | +€28,332 | +1,175% |
| Other amounts receivable | 41 | €3,705 | €16,551 | +€12,846 | +347% |
| Cash at bank and in hand | 54/58 | €14,660 | €22,470 | +€7,810 | +53.3% |
| Deferred charges and accrued income | 490/1 | €55,152 | €50,344 | -€4,808 | -8.7% |
| Total equity and liabilities | 10/49 | €84,608 | €132,763 | +€48,155 | +56.9% |
| Equity | 10/15 | €58,881 | €8,202 | -€50,679 | -86.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €55,881 | €5,202 | -€50,679 | -90.7% |
| Distributable reserves | 133 | €55,881 | €5,202 | -€50,679 | -90.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €25,727 | €124,561 | +€98,834 | +384% |
| Amounts payable within one year | 42/48 | €25,374 | €123,984 | +€98,610 | +389% |
| Trade debts | 44 | €5,944 | €19,724 | +€13,780 | +232% |
| Suppliers | 440/4 | €5,944 | €19,724 | +€13,780 | +232% |
| Taxes, remuneration and social security | 45 | €14,930 | €8,460 | -€6,471 | -43.3% |
| Taxes | 450/3 | €14,930 | €8,460 | -€6,471 | -43.3% |
| Other amounts payable | 47/48 | €4,500 | €95,800 | +€91,300 | +2,029% |
| Accrued charges and deferred income | 492/3 | €353 | €577 | +€224 | +63.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €233 | €1,468 | +€1,235 | +530% |
| Other operating charges | 640/8 | €1,393 | €2,849 | +€1,456 | +105% |
| Gross operating margin | 9900 | €81,308 | €68,324 | -€12,984 | -16.0% |
| Operating profit (loss) | 9901 | €79,682 | €64,007 | -€15,675 | -19.7% |
| Financial income | 75/76B | €8 | €123 | +€114 | +1,368% |
| Recurring financial income | 75 | €8 | €123 | +€114 | +1,368% |
| Financial charges | 65/66B | €2,275 | €5,011 | +€2,737 | +120% |
| Recurring financial charges | 65 | €2,275 | €5,011 | +€2,737 | +120% |
| Profit (loss) for the period before taxes | 9903 | €77,416 | €59,119 | -€18,297 | -23.6% |
| Income taxes | 67/77 | €18,221 | €13,997 | -€4,223 | -23.2% |
| Profit (loss) for the period | 9904 | €59,195 | €45,121 | -€14,074 | -23.8% |
| Profit (loss) for the period to be appropriated | 9905 | €59,195 | €45,121 | -€14,074 | -23.8% |
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 13 October 2026 via checked.be.