TRIGONAAL: 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.
TRIGONAAL
Largest movements
- Cash +€289,519
up €289,519 (+477%), from €60,652 to €350,171
mainly Net result for the year (+€181,392) and Investment in fixed assets (net) (+€162,245)
- Tangible fixed assets -€168,638
down €168,638 (-44.5%), from €379,197 to €210,559
of which Land and buildings: -€166,820
- Receivables within one year +€50,626
up €50,626 (+52.8%), from €95,949 to €146,575
- Other debts +€94,118
new in 2024: €94,118
- Reserves +€87,274
up €87,274 (+39.2%), from €222,617 to €309,890
of which Distributable reserves: +€79,195
- Debts after one year -€54,582
no longer reported in 2024 (was €54,582)
- Tax, wage and social debts +€51,634
up €51,634 (+247%), from €20,907 to €72,541
- Current portion of long-term debt -€7,131
no longer reported in 2024 (was €7,131)
- Gross operating margin +€242,399
up €242,399 (+1,871%), from €12,953 to €255,351
- Taxes +€63,364
up €63,364 (+1,381%), from €4,587 to €67,951
- Depreciation -€5,582
down €5,582 (-46.6%), from €11,975 to €6,393
- Other operating charges -€2,832
down €2,832 (-54.1%), from €5,230 to €2,398
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €536,326 | €707,305 | +€170,980 | +31.9% |
| Fixed assets | 21/28 | €379,197 | €210,559 | -€168,638 | -44.5% |
| Tangible fixed assets | 22/27 | €379,197 | €210,559 | -€168,638 | -44.5% |
| Land and buildings | 22 | €375,266 | €208,446 | -€166,820 | -44.5% |
| Plant, machinery and equipment | 23 | €3,931 | €2,114 | -€1,817 | -46.2% |
| Current assets | 29/58 | €157,129 | €496,746 | +€339,617 | +216% |
| Amounts receivable within one year | 40/41 | €95,949 | €146,575 | +€50,626 | +52.8% |
| Other amounts receivable | 41 | €95,949 | €146,575 | +€50,626 | +52.8% |
| Cash at bank and in hand | 54/58 | €60,652 | €350,171 | +€289,519 | +477% |
| Deferred charges and accrued income | 490/1 | €528 | - | -€528 | |
| Total equity and liabilities | 10/49 | €536,326 | €707,305 | +€170,980 | +31.9% |
| Equity | 10/15 | €371,353 | €458,627 | +€87,274 | +23.5% |
| Contributions | 10/11 | €148,736 | €148,736 | = | 0.0% |
| Capital | 10 | €148,736 | €148,736 | = | 0.0% |
| Issued capital | 100 | €148,736 | €148,736 | = | 0.0% |
| Reserves | 13 | €222,617 | €309,890 | +€87,274 | +39.2% |
| Non-distributable reserves | 130/1 | €6,794 | €14,874 | +€8,079 | +119% |
| Legal reserve | 130 | €6,794 | €14,874 | +€8,079 | +119% |
| Tax-exempt reserves | 132 | €136,068 | €136,068 | = | 0.0% |
| Distributable reserves | 133 | €79,754 | €158,948 | +€79,195 | +99.3% |
| Provisions and deferred taxes | 16 | €76,948 | €76,948 | = | 0.0% |
| Deferred taxes | 168 | €76,948 | €76,948 | = | 0.0% |
| Amounts payable | 17/49 | €88,025 | €171,731 | +€83,706 | +95.1% |
| Amounts payable after more than one year | 17 | €54,582 | - | -€54,582 | |
| Financial debts | 170/4 | €54,582 | - | -€54,582 | |
| Amounts payable within one year | 42/48 | €30,390 | €168,160 | +€137,770 | +453% |
| Current portion of amounts payable after more than one year | 42 | €7,131 | - | -€7,131 | |
| Financial debts | 43 | €1,173 | - | -€1,173 | |
| Credit institutions | 430/8 | €1,173 | - | -€1,173 | |
| Trade debts | 44 | €1,178 | €1,501 | +€323 | +27.4% |
| Suppliers | 440/4 | €1,178 | €1,501 | +€323 | +27.4% |
| Taxes, remuneration and social security | 45 | €20,907 | €72,541 | +€51,634 | +247% |
| Taxes | 450/3 | €20,907 | €72,541 | +€51,634 | +247% |
| Other amounts payable | 47/48 | - | €94,118 | +€94,118 | |
| Accrued charges and deferred income | 492/3 | €3,053 | €3,571 | +€518 | +17.0% |
| Non-recurring operating income | 76A | €1,520 | €270,255 | +€268,735 | +17,680% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,975 | €6,393 | -€5,582 | -46.6% |
| Other operating charges | 640/8 | €5,230 | €2,398 | -€2,832 | -54.1% |
| Gross operating margin | 9900 | €12,953 | €255,351 | +€242,399 | +1,871% |
| Operating profit (loss) | 9901 | -€4,252 | €246,561 | +€250,812 | |
| Financial income | 75/76B | €5,641 | €3,873 | -€1,768 | -31.3% |
| Recurring financial income | 75 | €5,641 | €3,873 | -€1,768 | -31.3% |
| Financial charges | 65/66B | €1,471 | €1,091 | -€380 | -25.9% |
| Recurring financial charges | 65 | €1,471 | €1,091 | -€380 | -25.9% |
| Profit (loss) for the period before taxes | 9903 | -€82 | €249,343 | +€249,425 | |
| Transfer from deferred taxes | 780 | €5,080 | - | -€5,080 | |
| Income taxes | 67/77 | €4,587 | €67,951 | +€63,364 | +1,381% |
| Profit (loss) for the period | 9904 | €410 | €181,392 | +€180,981 | +44,091% |
| Transfer from tax-exempt reserves | 789 | €12,093 | - | -€12,093 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,503 | €181,392 | +€168,888 | +1,351% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.