TRIGON: 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.
TRIGON
Largest movements
- Receivables within one year +€100,893
up €100,893 (+116.0%), from €86,975 to €187,868
of which Trade receivables: +€119,774
- Tangible fixed assets +€73,394
up €73,394 (+9.2%), from €797,034 to €870,429
of which Land and buildings: +€127,726
- Cash -€46,518
down €46,518 (-21.8%), from €213,813 to €167,295
mainly Investment in fixed assets (net) (-€218,909) and Contributions, distributions and other (-€113,279)
- Tax, wage and social debts +€79,226
up €79,226 (+106.0%), from €74,714 to €153,940
of which Remuneration and social security: +€47,586
- Debts after one year +€71,905
up €71,905 (+33.3%), from €216,223 to €288,127
of which Financial debts: +€69,505
- Reserves -€51,160
down €51,160 (-4.7%), from €1.1m to €1.0m
- Trade debts +€30,152
up €30,152 (+133.4%), from €22,610 to €52,762
- Staff costs +€224,122
up €224,122 (+21.0%), from €1.1m to €1.3m
- Gross operating margin +€162,397
up €162,397 (+11.6%), from €1.4m to €1.6m
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 | €1,483,183 | €1,625,975 | +€142,792 | +9.6% |
| Fixed assets | 21/28 | €807,793 | €876,331 | +€68,539 | +8.5% |
| Intangible fixed assets | 21 | €8,316 | €5,110 | -€3,206 | -38.5% |
| Tangible fixed assets | 22/27 | €797,034 | €870,429 | +€73,394 | +9.2% |
| Land and buildings | 22 | €517,351 | €645,077 | +€127,726 | +24.7% |
| Furniture and vehicles | 24 | €249,625 | €194,845 | -€54,780 | -21.9% |
| Other tangible fixed assets | 26 | €30,059 | €30,507 | +€448 | +1.5% |
| Financial fixed assets | 28 | €2,442 | €792 | -€1,650 | -67.6% |
| Current assets | 29/58 | €675,390 | €749,644 | +€74,254 | +11.0% |
| Amounts receivable within one year | 40/41 | €86,975 | €187,868 | +€100,893 | +116.0% |
| Trade receivables | 40 | €68,081 | €187,855 | +€119,774 | +175.9% |
| Other amounts receivable | 41 | €18,894 | €13 | -€18,881 | -99.9% |
| Current investments | 50/53 | €324,961 | €337,450 | +€12,489 | +3.8% |
| Cash at bank and in hand | 54/58 | €213,813 | €167,295 | -€46,518 | -21.8% |
| Deferred charges and accrued income | 490/1 | €49,641 | €57,031 | +€7,390 | +14.9% |
| Total equity and liabilities | 10/49 | €1,483,183 | €1,625,975 | +€142,792 | +9.6% |
| Equity | 10/15 | €1,107,326 | €1,056,166 | -€51,160 | -4.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,088,734 | €1,037,574 | -€51,160 | -4.7% |
| Distributable reserves | 133 | €1,088,734 | €1,037,574 | -€51,160 | -4.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €375,856 | €569,809 | +€193,953 | +51.6% |
| Amounts payable after more than one year | 17 | €216,223 | €288,127 | +€71,905 | +33.3% |
| Financial debts | 170/4 | €216,223 | €285,727 | +€69,505 | +32.1% |
| Other amounts payable | 178/9 | - | €2,400 | +€2,400 | |
| Amounts payable within one year | 42/48 | €158,672 | €279,544 | +€120,872 | +76.2% |
| Current portion of amounts payable after more than one year | 42 | €56,409 | €71,923 | +€15,514 | +27.5% |
| Trade debts | 44 | €22,610 | €52,762 | +€30,152 | +133.4% |
| Suppliers | 440/4 | €22,610 | €52,762 | +€30,152 | +133.4% |
| Taxes, remuneration and social security | 45 | €74,714 | €153,940 | +€79,226 | +106.0% |
| Taxes | 450/3 | €13,003 | €44,643 | +€31,640 | +243.3% |
| Remuneration and social security | 454/9 | €61,711 | €109,297 | +€47,586 | +77.1% |
| Other amounts payable | 47/48 | €4,938 | €919 | -€4,019 | -81.4% |
| Accrued charges and deferred income | 492/3 | €962 | €2,138 | +€1,176 | +122.2% |
| Non-recurring operating income | 76A | €37,254 | - | -€37,254 | |
| Remuneration, social security and pensions | 62 | €1,064,789 | €1,288,911 | +€224,122 | +21.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €164,841 | €150,370 | -€14,471 | -8.8% |
| Other operating charges | 640/8 | €11,254 | €13,316 | +€2,062 | +18.3% |
| Non-recurring operating charges | 66A | €15,171 | €0 | -€15,171 | -100.0% |
| Gross operating margin | 9900 | €1,400,907 | €1,563,304 | +€162,397 | +11.6% |
| Operating profit (loss) | 9901 | €144,852 | €110,707 | -€34,145 | -23.6% |
| Financial income | 75/76B | €4,557 | €9,388 | +€4,831 | +106.0% |
| Recurring financial income | 75 | €4,557 | €9,388 | +€4,831 | +106.0% |
| Financial charges | 65/66B | €12,833 | €18,069 | +€5,237 | +40.8% |
| Recurring financial charges | 65 | €12,833 | €18,069 | +€5,237 | +40.8% |
| Profit (loss) for the period before taxes | 9903 | €136,576 | €102,026 | -€34,550 | -25.3% |
| Income taxes | 67/77 | €42,440 | €39,907 | -€2,533 | -6.0% |
| Profit (loss) for the period | 9904 | €94,136 | €62,119 | -€32,018 | -34.0% |
| Profit (loss) for the period to be appropriated | 9905 | €94,136 | €62,119 | -€32,018 | -34.0% |
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 29 September 2026 via checked.be.