TRIGGERFISH: what changed
Two fiscal 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.
TRIGGERFISH
Largest movements
- Receivables within one year -€327,651
down €327,651 (-40.9%), from €800,168 to €472,517
of which Trade receivables: -€263,965
- Cash -€141,916
down €141,916 (-32.1%), from €441,859 to €299,944
mainly Trade debts (-€459,884) and Receivables after one year (-€60,000)
- Receivables after one year +€60,000
up €60,000 (+120.0%), from €50,000 to €110,000
- Current investments +€58,774
up €58,774 (+69.7%), from €84,323 to €143,097
- Trade debts -€459,884
down €459,884 (-58.8%), from €781,617 to €321,733
- Reserves +€113,661
up €113,661 (+19.6%), from €581,310 to €694,971
- Advances received -€18,150
no longer reported in 2025 (was €18,150)
- Gross operating margin +€67,663
up €67,663 (+42.8%), from €158,094 to €225,757
- Taxes +€23,872
up €23,872 (+71.7%), from €33,282 to €57,154
- Provisions +€7,500
new in 2025: €7,500
- Financial charges -€4,133
down €4,133 (-44.3%), from €9,323 to €5,191
- Depreciation -€2,877
down €2,877 (-6.0%), from €47,677 to €44,800
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.
Cash bridge derived
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 | €1,632,632 | €1,280,384 | -€352,249 | -21.6% |
| Fixed assets | 21/28 | €251,520 | €240,519 | -€11,001 | -4.4% |
| Intangible fixed assets | 21 | €1,108 | €408 | -€700 | -63.2% |
| Tangible fixed assets | 22/27 | €250,412 | €240,110 | -€10,301 | -4.1% |
| Land and buildings | 22 | €174,099 | €162,008 | -€12,091 | -6.9% |
| Plant, machinery and equipment | 23 | €10,008 | €5,618 | -€4,389 | -43.9% |
| Furniture and vehicles | 24 | €29,499 | €21,641 | -€7,858 | -26.6% |
| Other tangible fixed assets | 26 | €36,805 | €50,843 | +€14,038 | +38.1% |
| Current assets | 29/58 | €1,381,113 | €1,039,865 | -€341,247 | -24.7% |
| Amounts receivable after more than one year | 29 | €50,000 | €110,000 | +€60,000 | +120.0% |
| Trade receivables | 290 | €50,000 | €110,000 | +€60,000 | +120.0% |
| Amounts receivable within one year | 40/41 | €800,168 | €472,517 | -€327,651 | -40.9% |
| Trade receivables | 40 | €642,645 | €378,680 | -€263,965 | -41.1% |
| Other amounts receivable | 41 | €157,523 | €93,837 | -€63,686 | -40.4% |
| Current investments | 50/53 | €84,323 | €143,097 | +€58,774 | +69.7% |
| Cash at bank and in hand | 54/58 | €441,859 | €299,944 | -€141,916 | -32.1% |
| Deferred charges and accrued income | 490/1 | €4,762 | €14,307 | +€9,544 | +200.4% |
| Total equity and liabilities | 10/49 | €1,632,632 | €1,280,384 | -€352,249 | -21.6% |
| Equity | 10/15 | €599,910 | €713,571 | +€113,661 | +18.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €581,310 | €694,971 | +€113,661 | +19.6% |
| Distributable reserves | 133 | €581,310 | €694,971 | +€113,661 | +19.6% |
| Amounts payable | 17/49 | €1,032,723 | €566,813 | -€465,910 | -45.1% |
| Amounts payable after more than one year | 17 | €154,141 | €142,500 | -€11,640 | -7.6% |
| Financial debts | 170/4 | €154,141 | €142,500 | -€11,640 | -7.6% |
| Amounts payable within one year | 42/48 | €865,214 | €410,924 | -€454,290 | -52.5% |
| Current portion of amounts payable after more than one year | 42 | €31,358 | €46,640 | +€15,282 | +48.7% |
| Trade debts | 44 | €781,617 | €321,733 | -€459,884 | -58.8% |
| Suppliers | 440/4 | €781,617 | €321,733 | -€459,884 | -58.8% |
| Advances received on contracts in progress | 46 | €18,150 | - | -€18,150 | |
| Taxes, remuneration and social security | 45 | €31,187 | €42,271 | +€11,084 | +35.5% |
| Taxes | 450/3 | €31,187 | €42,271 | +€11,084 | +35.5% |
| Other amounts payable | 47/48 | €2,903 | €279 | -€2,623 | -90.4% |
| Accrued charges and deferred income | 492/3 | €13,368 | €13,389 | +€21 | +0.2% |
| Remuneration, social security and pensions | 62 | €276 | - | -€276 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,677 | €44,800 | -€2,877 | -6.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €7,500 | +€7,500 | |
| Other operating charges | 640/8 | €3,989 | €2,737 | -€1,252 | -31.4% |
| Gross operating margin | 9900 | €158,094 | €225,757 | +€67,663 | +42.8% |
| Operating profit (loss) | 9901 | €106,153 | €170,721 | +€64,568 | +60.8% |
| Financial income | 75/76B | €3,604 | €5,285 | +€1,681 | +46.6% |
| Recurring financial income | 75 | €3,604 | €5,285 | +€1,681 | +46.6% |
| Financial charges | 65/66B | €9,323 | €5,191 | -€4,133 | -44.3% |
| Recurring financial charges | 65 | €9,323 | €5,191 | -€4,133 | -44.3% |
| Profit (loss) for the period before taxes | 9903 | €100,434 | €170,815 | +€70,381 | +70.1% |
| Income taxes | 67/77 | €33,282 | €57,154 | +€23,872 | +71.7% |
| Profit (loss) for the period | 9904 | €67,152 | €113,661 | +€46,509 | +69.3% |
| Profit (loss) for the period to be appropriated | 9905 | €67,152 | €113,661 | +€46,509 | +69.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.