TRIJOLEX: 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.
TRIJOLEX
Largest movements
- Receivables within one year +€391,732
up €391,732 (+15.5%), from €2.5m to €2.9m
of which Other amounts receivable: +€404,664
- Tangible fixed assets +€368,557
up €368,557 (+28.2%), from €1.3m to €1.7m
of which Land and buildings: +€404,415
- Cash -€119,421
down €119,421 (-59.3%), from €201,253 to €81,832
mainly Investment in fixed assets (net) (-€562,586) and Receivables within one year (-€391,732)
- Other debts +€915,938
up €915,938 (+248.6%), from €368,436 to €1.3m
- Debts after one year -€155,066
down €155,066 (-24.6%), from €629,245 to €474,178
- Current portion of long-term debt -€151,292
down €151,292 (-47.4%), from €319,428 to €168,136
- Staff costs +€138,481
up €138,481 (+13.3%), from €1.0m to €1.2m
- Gross operating margin -€125,811
down €125,811 (-7.9%), from €1.6m to €1.5m
- Taxes -€68,234
down €68,234 (-82.4%), from €82,806 to €14,572
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 | €4,104,774 | €4,773,090 | +€668,316 | +16.3% |
| Fixed assets | 21/28 | €1,305,823 | €1,674,379 | +€368,557 | +28.2% |
| Tangible fixed assets | 22/27 | €1,305,376 | €1,673,933 | +€368,557 | +28.2% |
| Land and buildings | 22 | €322,049 | €726,464 | +€404,415 | +125.6% |
| Plant, machinery and equipment | 23 | €980,926 | €946,074 | -€34,852 | -3.6% |
| Furniture and vehicles | 24 | €2,402 | €1,395 | -€1,007 | -41.9% |
| Financial fixed assets | 28 | €446 | €446 | = | 0.0% |
| Current assets | 29/58 | €2,798,951 | €3,098,711 | +€299,760 | +10.7% |
| Stocks and contracts in progress | 3 | €27,719 | €32,969 | +€5,250 | +18.9% |
| Stocks | 30/36 | €27,719 | €32,969 | +€5,250 | +18.9% |
| Amounts receivable within one year | 40/41 | €2,530,176 | €2,921,908 | +€391,732 | +15.5% |
| Trade receivables | 40 | €284,006 | €271,074 | -€12,932 | -4.6% |
| Other amounts receivable | 41 | €2,246,170 | €2,650,834 | +€404,664 | +18.0% |
| Cash at bank and in hand | 54/58 | €201,253 | €81,832 | -€119,421 | -59.3% |
| Deferred charges and accrued income | 490/1 | €39,803 | €62,002 | +€22,199 | +55.8% |
| Total equity and liabilities | 10/49 | €4,104,774 | €4,773,090 | +€668,316 | +16.3% |
| Equity | 10/15 | €1,467,203 | €1,475,611 | +€8,408 | +0.6% |
| Contributions | 10/11 | €57,000 | €57,000 | = | 0.0% |
| Reserves | 13 | €1,410,203 | €1,418,611 | +€8,408 | +0.6% |
| Non-distributable reserves | 130/1 | €3,800 | €3,800 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,800 | €3,800 | = | 0.0% |
| Distributable reserves | 133 | €1,406,403 | €1,414,811 | +€8,408 | +0.6% |
| Amounts payable | 17/49 | €2,637,571 | €3,297,480 | +€659,908 | +25.0% |
| Amounts payable after more than one year | 17 | €629,245 | €474,178 | -€155,066 | -24.6% |
| Financial debts | 170/4 | €629,245 | €474,178 | -€155,066 | -24.6% |
| Amounts payable within one year | 42/48 | €2,008,326 | €2,823,301 | +€814,975 | +40.6% |
| Current portion of amounts payable after more than one year | 42 | €319,428 | €168,136 | -€151,292 | -47.4% |
| Financial debts | 43 | €58,347 | €83,434 | +€25,087 | +43.0% |
| Credit institutions | 430/8 | €58,347 | €83,434 | +€25,087 | +43.0% |
| Trade debts | 44 | €839,094 | €840,648 | +€1,554 | +0.2% |
| Suppliers | 440/4 | €839,094 | €840,648 | +€1,554 | +0.2% |
| Taxes, remuneration and social security | 45 | €423,022 | €446,710 | +€23,689 | +5.6% |
| Taxes | 450/3 | €162,563 | €88,614 | -€73,949 | -45.5% |
| Remuneration and social security | 454/9 | €260,459 | €358,096 | +€97,638 | +37.5% |
| Other amounts payable | 47/48 | €368,436 | €1,284,373 | +€915,938 | +248.6% |
| Remuneration, social security and pensions | 62 | €1,040,312 | €1,178,792 | +€138,481 | +13.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €184,374 | €194,029 | +€9,655 | +5.2% |
| Other operating charges | 640/8 | €14,839 | €17,877 | +€3,038 | +20.5% |
| Gross operating margin | 9900 | €1,595,928 | €1,470,117 | -€125,811 | -7.9% |
| Operating profit (loss) | 9901 | €356,403 | €79,418 | -€276,985 | -77.7% |
| Financial income | 75/76B | €23 | €14,988 | +€14,965 | +64200.3% |
| Recurring financial income | 75 | €23 | €14,988 | +€14,965 | +64200.3% |
| Financial charges | 65/66B | €67,114 | €71,427 | +€4,313 | +6.4% |
| Recurring financial charges | 65 | €67,114 | €71,427 | +€4,313 | +6.4% |
| Profit (loss) for the period before taxes | 9903 | €289,312 | €22,980 | -€266,333 | -92.1% |
| Income taxes | 67/77 | €82,806 | €14,572 | -€68,234 | -82.4% |
| Profit (loss) for the period | 9904 | €206,506 | €8,408 | -€198,098 | -95.9% |
| Profit (loss) for the period to be appropriated | 9905 | €206,506 | €8,408 | -€198,098 | -95.9% |
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 3 October 2026 via checked.be.