Trihold: 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.
What changed
Trihold
NACE 82.990, Other business support services
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€733,697
2024 · €770,695-€36,998
Equity
€6.2m
2024 · €5.4m+€733,697
Cash
€101,898
2024 · €126,808-€24,910
Balance sheet total
€13.3m
2024 · €13.2m+€116,330
Largest movements
Assets
- Financial fixed assets +€160,000
up €160,000 (+1.2%), from €12.9m to €13.0m
Equity and liabilities
- Reserves +€733,697
up €733,697 (+21.3%), from €3.4m to €4.2m
of which Distributable reserves: +€705,801
- Debts after one year -€599,740
down €599,740 (-8.7%), from €6.9m to €6.3m
Income statement
- Staff costs +€52,235
up €52,235 (+52.9%), from €98,819 to €151,054
- Taxes -€7,755
down €7,755 (-95.0%), from €8,163 to €409
- Financial charges -€6,565
down €6,565 (-3.0%), from €218,303 to €211,738
- Gross operating margin +€4,523
up €4,523 (+1.3%), from €346,028 to €350,551
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.
Result 2024
€770,695
Gross operating margin
+€4,523
Staff costs
-€52,235
Depreciation
-€952
Other operating charges
-€220
Financial income
-€2,433
Financial charges
+€6,565
Taxes
+€7,755
Result 2025
€733,697
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.
From operations
+€734,569
Investment
-€160,000
Financing
-€599,479
Cash 2024
€126,808
From operations (derived)
+€734,569
Net result for the year
+€733,697
Depreciation
+€4,132
Receivables within one year
+€12,264
Deferred charges and accrued income
+€2,364
Trade debts
+€1,256
Tax, wage and social debts
+€59,189
Other debts
+€11,000
Accrued charges and deferred income
-€89,333
Investment (derived)
-€160,000
Investment in fixed assets (net)
-€160,000
Financing
-€599,479
Debts after one year
-€599,740
Current portion of long-term debt
+€261
Cash 2025
€101,898
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €13,150,308 | €13,266,637 | +€116,330 | +0.9% |
| Fixed assets | 21/28 | €12,869,650 | €13,025,518 | +€155,868 | +1.2% |
| Tangible fixed assets | 22/27 | €19,650 | €15,518 | -€4,132 | -21.0% |
| Furniture and vehicles | 24 | €19,650 | €15,518 | -€4,132 | -21.0% |
| Financial fixed assets | 28 | €12,850,000 | €13,010,000 | +€160,000 | +1.2% |
| Current assets | 29/58 | €280,658 | €241,119 | -€39,538 | -14.1% |
| Amounts receivable within one year | 40/41 | €150,000 | €137,736 | -€12,264 | -8.2% |
| Trade receivables | 40 | €0 | €50,000 | +€50,000 | |
| Other amounts receivable | 41 | €150,000 | €87,736 | -€62,264 | -41.5% |
| Cash at bank and in hand | 54/58 | €126,808 | €101,898 | -€24,910 | -19.6% |
| Deferred charges and accrued income | 490/1 | €3,850 | €1,486 | -€2,364 | -61.4% |
| Total equity and liabilities | 10/49 | €13,150,308 | €13,266,637 | +€116,330 | +0.9% |
| Equity | 10/15 | €5,442,080 | €6,175,777 | +€733,697 | +13.5% |
| Contributions | 10/11 | €2,000,000 | €2,000,000 | = | 0.0% |
| Capital | 10 | €2,000,000 | €2,000,000 | = | 0.0% |
| Issued capital | 100 | €2,000,000 | €2,000,000 | = | 0.0% |
| Reserves | 13 | €3,442,080 | €4,175,777 | +€733,697 | +21.3% |
| Non-distributable reserves | 130/1 | €172,104 | €200,000 | +€27,896 | +16.2% |
| Legal reserve | 130 | €172,104 | €200,000 | +€27,896 | +16.2% |
| Distributable reserves | 133 | €3,269,976 | €3,975,777 | +€705,801 | +21.6% |
| Amounts payable | 17/49 | €7,708,228 | €7,090,861 | -€617,367 | -8.0% |
| Amounts payable after more than one year | 17 | €6,895,466 | €6,295,726 | -€599,740 | -8.7% |
| Financial debts | 170/4 | €6,895,466 | €6,295,726 | -€599,740 | -8.7% |
| Amounts payable within one year | 42/48 | €651,428 | €723,135 | +€71,706 | +11.0% |
| Current portion of amounts payable after more than one year | 42 | €599,479 | €599,740 | +€261 | 0.0% |
| Trade debts | 44 | €16,968 | €18,223 | +€1,256 | +7.4% |
| Suppliers | 440/4 | €16,968 | €18,223 | +€1,256 | +7.4% |
| Taxes, remuneration and social security | 45 | €34,981 | €94,171 | +€59,189 | +169.2% |
| Taxes | 450/3 | €7,891 | €69,043 | +€61,152 | +775.0% |
| Remuneration and social security | 454/9 | €27,091 | €25,128 | -€1,963 | -7.2% |
| Other amounts payable | 47/48 | - | €11,000 | +€11,000 | |
| Accrued charges and deferred income | 492/3 | €161,333 | €72,000 | -€89,333 | -55.4% |
| Remuneration, social security and pensions | 62 | €98,819 | €151,054 | +€52,235 | +52.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,180 | €4,132 | +€952 | +30.0% |
| Other operating charges | 640/8 | €118 | €338 | +€220 | +186.2% |
| Gross operating margin | 9900 | €346,028 | €350,551 | +€4,523 | +1.3% |
| Operating profit (loss) | 9901 | €243,912 | €195,027 | -€48,884 | -20.0% |
| Financial income | 75/76B | €753,250 | €750,817 | -€2,433 | -0.3% |
| Recurring financial income | 75 | €753,250 | €750,817 | -€2,433 | -0.3% |
| Financial charges | 65/66B | €218,303 | €211,738 | -€6,565 | -3.0% |
| Recurring financial charges | 65 | €218,303 | €211,738 | -€6,565 | -3.0% |
| Profit (loss) for the period before taxes | 9903 | €778,858 | €734,106 | -€44,752 | -5.7% |
| Income taxes | 67/77 | €8,163 | €409 | -€7,755 | -95.0% |
| Profit (loss) for the period | 9904 | €770,695 | €733,697 | -€36,998 | -4.8% |
| Profit (loss) for the period to be appropriated | 9905 | €770,695 | €733,697 | -€36,998 | -4.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.