TRIGAUX-MELOTTE: 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.
TRIGAUX-MELOTTE
Largest movements
- Cash +€297,210
up €297,210 (+759%), from €39,146 to €336,356
mainly Current investments (+€213,868) and Depreciation (+€96,664)
- Current investments -€213,868
down €213,868 (-94.7%), from €225,795 to €11,927
- Tangible fixed assets -€96,664
down €96,664 (-5.0%), from €1.9m to €1.8m
of which Land and buildings: -€84,563
- Receivables within one year -€65,612
down €65,612 (-64.4%), from €101,873 to €36,261
of which Other amounts receivable: -€70,830
- Profit (loss) carried forward -€62,520
down €62,520 (-4.7%), from €1.3m to €1.3m
- Debts after one year -€44,457
down €44,457 (-8.8%), from €504,110 to €459,653
- Other debts +€36,000
new in 2025: €36,000
- Reserves -€23,958
down €23,958 (-7.4%), from €324,948 to €300,990
of which Tax-exempt reserves: -€23,958
- Taxes +€7,765
up €7,765, from -€7,171 to €594
- Depreciation +€4,169
up €4,169 (+4.5%), from €92,495 to €96,664
- Financial income -€3,124
down €3,124 (-88.4%), from €3,533 to €409
- Financial charges -€1,290
down €1,290 (-14.9%), from €8,673 to €7,383
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 | €2,343,870 | €2,264,472 | -€79,398 | -3.4% |
| Fixed assets | 21/28 | €1,964,360 | €1,867,696 | -€96,664 | -4.9% |
| Tangible fixed assets | 22/27 | €1,921,668 | €1,825,004 | -€96,664 | -5.0% |
| Land and buildings | 22 | €1,816,789 | €1,732,226 | -€84,563 | -4.7% |
| Plant, machinery and equipment | 23 | €81,263 | €73,362 | -€7,901 | -9.7% |
| Furniture and vehicles | 24 | €7,088 | €2,888 | -€4,200 | -59.3% |
| Other tangible fixed assets | 26 | €16,528 | €16,528 | = | 0.0% |
| Financial fixed assets | 28 | €42,692 | €42,692 | = | 0.0% |
| Current assets | 29/58 | €379,510 | €396,776 | +€17,266 | +4.5% |
| Stocks and contracts in progress | 3 | €11,618 | €11,618 | = | 0.0% |
| Stocks | 30/36 | €11,618 | €11,618 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €101,873 | €36,261 | -€65,612 | -64.4% |
| Trade receivables | 40 | €11,963 | €17,181 | +€5,218 | +43.6% |
| Other amounts receivable | 41 | €89,910 | €19,080 | -€70,830 | -78.8% |
| Current investments | 50/53 | €225,795 | €11,927 | -€213,868 | -94.7% |
| Cash at bank and in hand | 54/58 | €39,146 | €336,356 | +€297,210 | +759% |
| Deferred charges and accrued income | 490/1 | €1,078 | €614 | -€464 | -43.0% |
| Total equity and liabilities | 10/49 | €2,343,870 | €2,264,472 | -€79,398 | -3.4% |
| Equity | 10/15 | €1,654,560 | €1,568,082 | -€86,478 | -5.2% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €324,948 | €300,990 | -€23,958 | -7.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €290,088 | €266,130 | -€23,958 | -8.3% |
| Distributable reserves | 133 | €33,000 | €33,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,323,407 | €1,260,887 | -€62,520 | -4.7% |
| Provisions and deferred taxes | 16 | €109,654 | €103,664 | -€5,990 | -5.5% |
| Deferred taxes | 168 | €109,654 | €103,664 | -€5,990 | -5.5% |
| Amounts payable | 17/49 | €579,656 | €592,726 | +€13,070 | +2.3% |
| Amounts payable after more than one year | 17 | €504,110 | €459,653 | -€44,457 | -8.8% |
| Financial debts | 170/4 | €504,110 | €459,653 | -€44,457 | -8.8% |
| Amounts payable within one year | 42/48 | €75,546 | €133,073 | +€57,527 | +76.1% |
| Current portion of amounts payable after more than one year | 42 | €43,892 | €44,457 | +€565 | +1.3% |
| Trade debts | 44 | €28,779 | €35,072 | +€6,293 | +21.9% |
| Suppliers | 440/4 | €28,779 | €35,072 | +€6,293 | +21.9% |
| Advances received on contracts in progress | 46 | €135 | €135 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €2,740 | €17,409 | +€14,669 | +535% |
| Taxes | 450/3 | €2,740 | €17,409 | +€14,669 | +535% |
| Other amounts payable | 47/48 | - | €36,000 | +€36,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €92,495 | €96,664 | +€4,169 | +4.5% |
| Other operating charges | 640/8 | €13,241 | €13,494 | +€253 | +1.9% |
| Non-recurring operating charges | 66A | €1,904 | €336 | -€1,568 | -82.4% |
| Gross operating margin | 9900 | €76,674 | €77,023 | +€349 | +0.5% |
| Operating profit (loss) | 9901 | -€30,966 | -€33,471 | -€2,505 | -8.1% |
| Financial income | 75/76B | €3,533 | €409 | -€3,124 | -88.4% |
| Recurring financial income | 75 | €3,533 | €409 | -€3,124 | -88.4% |
| Financial charges | 65/66B | €8,673 | €7,383 | -€1,290 | -14.9% |
| Recurring financial charges | 65 | €8,673 | €7,383 | -€1,290 | -14.9% |
| Profit (loss) for the period before taxes | 9903 | -€36,106 | -€40,445 | -€4,339 | -12.0% |
| Transfer from deferred taxes | 780 | €10,580 | €5,990 | -€4,590 | -43.4% |
| Income taxes | 67/77 | -€7,171 | €594 | +€7,765 | |
| Profit (loss) for the period | 9904 | -€18,355 | -€35,049 | -€16,694 | -91.0% |
| Transfer from tax-exempt reserves | 789 | €33,277 | €23,958 | -€9,319 | -28.0% |
| Profit (loss) for the period to be appropriated | 9905 | €14,922 | -€11,091 | -€26,013 |
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 29 October 2026 via checked.be.