TRIGRR: 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.
TRIGRR
Largest movements
- Intangible fixed assets +€218,680
up €218,680 (+42.7%), from €511,844 to €730,524
- Cash +€115,469
up €115,469 (+466.2%), from €24,768 to €140,237
mainly Debts after one year (+€1.1m) and Depreciation (+€296,727)
- Receivables within one year +€25,064
up €25,064 (+43.1%), from €58,177 to €83,242
of which Other amounts receivable: +€17,755
- Deferred charges and accrued income -€21,013
down €21,013 (-50.5%), from €41,578 to €20,565
- Tangible fixed assets +€12,755
up €12,755 (+73.3%), from €17,405 to €30,159
of which Plant, machinery and equipment: +€12,782
- Debts after one year +€1.1m
new in 2025: €1.1m
- Profit (loss) carried forward -€538,202
down €538,202 (-30.8%), from -€1.7m to -€2.3m
- Investment grants -€212,856
no longer reported in 2025 (was €212,856)
- Gross operating margin +€362,996
up €362,996, from -€35,523 to €327,474
- Depreciation +€103,097
up €103,097 (+53.2%), from €193,630 to €296,727
- Staff costs +€101,819
up €101,819 (+22.6%), from €450,374 to €552,193
- Financial charges +€9,203
up €9,203 (+232.8%), from €3,953 to €13,156
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 | €653,771 | €1,004,849 | +€351,078 | +53.7% |
| Fixed assets | 21/28 | €529,248 | €760,806 | +€231,557 | +43.8% |
| Intangible fixed assets | 21 | €511,844 | €730,524 | +€218,680 | +42.7% |
| Tangible fixed assets | 22/27 | €17,405 | €30,159 | +€12,755 | +73.3% |
| Plant, machinery and equipment | 23 | €9,080 | €21,862 | +€12,782 | +140.8% |
| Furniture and vehicles | 24 | - | €865 | +€865 | |
| Other tangible fixed assets | 26 | €8,324 | €7,432 | -€892 | -10.7% |
| Financial fixed assets | 28 | - | €122 | +€122 | |
| Current assets | 29/58 | €124,523 | €244,043 | +€119,521 | +96.0% |
| Amounts receivable within one year | 40/41 | €58,177 | €83,242 | +€25,064 | +43.1% |
| Trade receivables | 40 | €53,621 | €60,931 | +€7,309 | +13.6% |
| Other amounts receivable | 41 | €4,556 | €22,311 | +€17,755 | +389.7% |
| Cash at bank and in hand | 54/58 | €24,768 | €140,237 | +€115,469 | +466.2% |
| Deferred charges and accrued income | 490/1 | €41,578 | €20,565 | -€21,013 | -50.5% |
| Total equity and liabilities | 10/49 | €653,771 | €1,004,849 | +€351,078 | +53.7% |
| Equity | 10/15 | €458,854 | -€292,203 | -€751,057 | |
| Contributions | 10/11 | €1,991,512 | €1,991,512 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,745,513 | -€2,283,715 | -€538,202 | -30.8% |
| Investment grants | 15 | €212,856 | - | -€212,856 | |
| Amounts payable | 17/49 | €194,917 | €1,297,052 | +€1.1m | +565.4% |
| Amounts payable after more than one year | 17 | - | €1,100,000 | +€1.1m | |
| Financial debts | 170/4 | - | €1,100,000 | +€1.1m | |
| Amounts payable within one year | 42/48 | €194,917 | €197,052 | +€2,135 | +1.1% |
| Trade debts | 44 | €123,153 | €118,578 | -€4,575 | -3.7% |
| Suppliers | 440/4 | €123,153 | €118,578 | -€4,575 | -3.7% |
| Taxes, remuneration and social security | 45 | €71,548 | €78,204 | +€6,656 | +9.3% |
| Taxes | 450/3 | €1,082 | €78,204 | +€77,123 | +7128.2% |
| Remuneration and social security | 454/9 | €70,467 | - | -€70,467 | |
| Other amounts payable | 47/48 | €216 | €270 | +€54 | +25.2% |
| Remuneration, social security and pensions | 62 | €450,374 | €552,193 | +€101,819 | +22.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €193,630 | €296,727 | +€103,097 | +53.2% |
| Other operating charges | 640/8 | €2,429 | €2,482 | +€53 | +2.2% |
| Gross operating margin | 9900 | -€35,523 | €327,474 | +€362,996 | |
| Operating profit (loss) | 9901 | -€681,956 | -€523,929 | +€158,027 | +23.2% |
| Financial income | 75/76B | €2,255 | €47 | -€2,208 | -97.9% |
| Recurring financial income | 75 | €2,255 | €47 | -€2,208 | -97.9% |
| Financial charges | 65/66B | €3,953 | €13,156 | +€9,203 | +232.8% |
| Recurring financial charges | 65 | €3,953 | €13,156 | +€9,203 | +232.8% |
| Profit (loss) for the period before taxes | 9903 | -€683,654 | -€537,037 | +€146,617 | +21.4% |
| Income taxes | 67/77 | €651 | €1,164 | +€513 | +78.8% |
| Profit (loss) for the period | 9904 | -€684,305 | -€538,202 | +€146,104 | +21.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€684,305 | -€538,202 | +€146,104 | +21.4% |
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 5 October 2026 via checked.be.