TRILAM: 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.
TRILAM
Largest movements
- Cash +€355,079
up €355,079 (+398%), from €89,324 to €444,403
mainly Current portion of long-term debt (+€1.6m) and Net result for the year (+€720,138)
- Debts after one year -€2.4m
down €2.4m (-28.0%), from €8.7m to €6.3m
- Current portion of long-term debt +€1.6m
up €1.6m (+189%), from €845,000 to €2.4m
- Reserves +€720,138
up €720,138 (+81.9%), from €879,365 to €1.6m
of which Distributable reserves: +€684,131
- Other debts +€500,000
up €500,000, from €0 to €500,000
- Financial income +€278,738
up €278,738 (+41.5%), from €671,742 to €950,480
- Gross operating margin +€172,480
up €172,480, from -€24,686 to €147,794
- Financial charges +€47,999
up €47,999 (+14.6%), from €328,937 to €376,935
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.
Derived cash bridge
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 | €15,159,483 | €15,511,663 | +€352,180 | +2.3% |
| Fixed assets | 21/28 | €14,969,295 | €15,014,587 | +€45,292 | +0.3% |
| Financial fixed assets | 28 | €14,969,295 | €15,014,587 | +€45,292 | +0.3% |
| Current assets | 29/58 | €190,188 | €497,076 | +€306,888 | +161% |
| Amounts receivable within one year | 40/41 | €98,006 | €52,673 | -€45,333 | -46.3% |
| Trade receivables | 40 | €50,145 | €40,000 | -€10,145 | -20.2% |
| Other amounts receivable | 41 | €47,860 | €12,673 | -€35,187 | -73.5% |
| Cash at bank and in hand | 54/58 | €89,324 | €444,403 | +€355,079 | +398% |
| Deferred charges and accrued income | 490/1 | €2,858 | €0 | -€2,858 | -100% |
| Total equity and liabilities | 10/49 | €15,159,483 | €15,511,663 | +€352,180 | +2.3% |
| Equity | 10/15 | €5,279,365 | €5,999,503 | +€720,138 | +13.6% |
| Contributions | 10/11 | €4,400,000 | €4,400,000 | = | 0.0% |
| Capital | 10 | €4,400,000 | €4,400,000 | = | 0.0% |
| Issued capital | 100 | €4,400,000 | €4,400,000 | = | 0.0% |
| Reserves | 13 | €879,365 | €1,599,503 | +€720,138 | +81.9% |
| Non-distributable reserves | 130/1 | €43,999 | €80,006 | +€36,007 | +81.8% |
| Legal reserve | 130 | €43,999 | €80,006 | +€36,007 | +81.8% |
| Distributable reserves | 133 | €835,365 | €1,519,496 | +€684,131 | +81.9% |
| Amounts payable | 17/49 | €9,880,118 | €9,512,160 | -€367,958 | -3.7% |
| Amounts payable after more than one year | 17 | €8,725,000 | €6,280,000 | -€2.4m | -28.0% |
| Financial debts | 170/4 | €8,725,000 | €6,280,000 | -€2.4m | -28.0% |
| Amounts payable within one year | 42/48 | €846,189 | €2,981,855 | +€2.1m | +252% |
| Current portion of amounts payable after more than one year | 42 | €845,000 | €2,445,000 | +€1.6m | +189% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €1,189 | €36,855 | +€35,666 | +2,999% |
| Suppliers | 440/4 | €1,189 | €36,855 | +€35,666 | +2,999% |
| Other amounts payable | 47/48 | €0 | €500,000 | +€500,000 | |
| Accrued charges and deferred income | 492/3 | €308,929 | €250,305 | -€58,624 | -19.0% |
| Non-recurring operating income | 76A | - | €83,281 | +€83,281 | |
| Other operating charges | 640/8 | €1,244 | €1,201 | -€42 | -3.4% |
| Gross operating margin | 9900 | -€24,686 | €147,794 | +€172,480 | |
| Operating profit (loss) | 9901 | -€25,929 | €146,593 | +€172,522 | |
| Financial income | 75/76B | €671,742 | €950,480 | +€278,738 | +41.5% |
| Recurring financial income | 75 | €671,742 | €950,480 | +€278,738 | +41.5% |
| Financial charges | 65/66B | €328,937 | €376,935 | +€47,999 | +14.6% |
| Recurring financial charges | 65 | €328,937 | €376,935 | +€47,999 | +14.6% |
| Profit (loss) for the period before taxes | 9903 | €316,877 | €720,138 | +€403,261 | +127% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €316,877 | €720,138 | +€403,261 | +127% |
| Profit (loss) for the period to be appropriated | 9905 | €316,877 | €720,138 | +€403,261 | +127% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.