Triginta: 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.
Triginta
Largest movements
- Cash -€7.1m
down €7.1m (-97.7%), from €7.2m to €167,969
mainly Net result for the year (-€5.3m) and Investment in fixed assets (net) (-€4.6m)
- Financial fixed assets +€4.3m
up €4.3m (+3.5%), from €123.6m to €127.9m
- Deferred charges and accrued income -€1.6m
down €1.6m (-99.2%), from €1.6m to €12,493
- Reserves -€5.3m
down €5.3m (-87.2%), from €6.0m to €772,768
of which Distributable reserves: -€5.3m
- Financial charges +€7.0m
up €7.0m, from -€517 to €7.0m
of which Non-recurring financial charges: +€6.9m
- Financial income +€583,969
up €583,969 (+24.8%), from €2.4m to €2.9m
- Gross operating margin +€89,357
up €89,357 (+15.9%), from -€562,733 to -€473,376
- Taxes +€80,893
up €80,893 (+18.6%), from €435,246 to €516,140
- Depreciation +€45,153
up €45,153 (+27.0%), from €167,488 to €212,641
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 | €134,416,514 | €128,948,620 | -€5.5m | -4.1% |
| Formation expenses | 20 | €553,970 | €606,233 | +€52,263 | +9.4% |
| Fixed assets | 21/28 | €123,590,268 | €127,890,381 | +€4.3m | +3.5% |
| Intangible fixed assets | 21 | €4,277 | €2,389 | -€1,888 | -44.1% |
| Financial fixed assets | 28 | €123,585,992 | €127,887,992 | +€4.3m | +3.5% |
| Current assets | 29/58 | €10,272,275 | €452,006 | -€9.8m | -95.6% |
| Amounts receivable within one year | 40/41 | €1,433,794 | €271,545 | -€1.2m | -81.1% |
| Trade receivables | 40 | €151,151 | €71,545 | -€79,606 | -52.7% |
| Other amounts receivable | 41 | €1,282,643 | €200,000 | -€1.1m | -84.4% |
| Cash at bank and in hand | 54/58 | €7,242,228 | €167,969 | -€7.1m | -97.7% |
| Deferred charges and accrued income | 490/1 | €1,596,253 | €12,493 | -€1.6m | -99.2% |
| Total equity and liabilities | 10/49 | €134,416,514 | €128,948,620 | -€5.5m | -4.1% |
| Equity | 10/15 | €132,563,932 | €127,418,728 | -€5.1m | -3.9% |
| Contributions | 10/11 | €126,532,840 | €126,645,960 | +€113,120 | +0.1% |
| Capital | 10 | €116,671,362 | €116,769,294 | +€97,932 | +0.1% |
| Issued capital | 100 | €116,671,362 | €116,769,294 | +€97,932 | +0.1% |
| Outside capital | 11 | €9,861,478 | €9,876,666 | +€15,188 | +0.2% |
| Share premium | 1100/10 | €9,861,478 | €9,876,666 | +€15,188 | +0.2% |
| Reserves | 13 | €6,031,093 | €772,768 | -€5.3m | -87.2% |
| Non-distributable reserves | 130/1 | €555,702 | €555,702 | = | 0.0% |
| Legal reserve | 130 | €555,702 | €555,702 | = | 0.0% |
| Distributable reserves | 133 | €5,475,390 | €217,066 | -€5.3m | -96.0% |
| Amounts payable | 17/49 | €1,852,581 | €1,529,892 | -€322,689 | -17.4% |
| Amounts payable within one year | 42/48 | €1,852,581 | €1,525,606 | -€326,975 | -17.6% |
| Financial debts | 43 | €1,046,821 | - | -€1.0m | |
| Other loans | 439 | €1,046,821 | - | -€1.0m | |
| Trade debts | 44 | €225,897 | €179,843 | -€46,054 | -20.4% |
| Suppliers | 440/4 | €225,897 | €179,843 | -€46,054 | -20.4% |
| Taxes, remuneration and social security | 45 | €379,863 | €345,763 | -€34,100 | -9.0% |
| Taxes | 450/3 | €379,863 | €345,763 | -€34,100 | -9.0% |
| Other amounts payable | 47/48 | €200,000 | €1,000,000 | +€800,000 | +400.0% |
| Accrued charges and deferred income | 492/3 | - | €4,286 | +€4,286 | |
| Non-recurring operating income | 76A | €109 | - | -€109 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €167,488 | €212,641 | +€45,153 | +27.0% |
| Other operating charges | 640/8 | €5,161 | €6,995 | +€1,834 | +35.5% |
| Non-recurring operating charges | 66A | €21,657 | - | -€21,657 | |
| Gross operating margin | 9900 | -€562,733 | -€473,376 | +€89,357 | +15.9% |
| Operating profit (loss) | 9901 | -€757,040 | -€693,013 | +€64,027 | +8.5% |
| Financial income | 75/76B | €2,353,566 | €2,937,535 | +€583,969 | +24.8% |
| Recurring financial income | 75 | €2,353,566 | €2,937,535 | +€583,969 | +24.8% |
| Financial charges | 65/66B | -€517 | €6,986,707 | +€7.0m | |
| Recurring financial charges | 65 | -€517 | €56,707 | +€57,225 | |
| Non-recurring financial charges | 66B | - | €6,930,000 | +€6.9m | |
| Profit (loss) for the period before taxes | 9903 | €1,597,044 | -€4,742,185 | -€6.3m | |
| Income taxes | 67/77 | €435,246 | €516,140 | +€80,893 | +18.6% |
| Profit (loss) for the period | 9904 | €1,161,797 | -€5,258,325 | -€6.4m | |
| Profit (loss) for the period to be appropriated | 9905 | €1,161,797 | -€5,258,325 | -€6.4m |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.