TRIMAK: 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.
TRIMAK
Largest movements
- Tangible fixed assets -€45,614
down €45,614 (-8.9%), from €511,863 to €466,249
of which Land and buildings: -€23,212
- Cash -€21,338
down €21,338 (-3.9%), from €540,850 to €519,512
mainly Contributions, distributions and other (-€23,679) and Receivables within one year (-€20,107)
- Receivables within one year +€20,107
up €20,107 (+6.3%), from €318,358 to €338,465
- Reserves -€23,679
down €23,679 (-3.8%), from €626,847 to €603,168
of which Distributable reserves: -€23,679
- Debts after one year -€16,584
down €16,584 (-2.5%), from €658,904 to €642,320
- Other debts +€15,356
up €15,356 (+36.8%), from €41,755 to €57,110
- Other operating charges -€102,717
down €102,717 (-66.3%), from €154,814 to €52,097
- Gross operating margin -€24,143
down €24,143 (-17.5%), from €138,331 to €114,188
- Financial income -€12,508
down €12,508 (-38.4%), from €32,591 to €20,083
- Financial charges -€11,894
down €11,894 (-19.9%), from €59,906 to €48,012
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 | €1,520,307 | €1,473,562 | -€46,745 | -3.1% |
| Fixed assets | 21/28 | €511,919 | €466,305 | -€45,614 | -8.9% |
| Tangible fixed assets | 22/27 | €511,863 | €466,249 | -€45,614 | -8.9% |
| Land and buildings | 22 | €444,575 | €421,363 | -€23,212 | -5.2% |
| Plant, machinery and equipment | 23 | €4,436 | €1,402 | -€3,034 | -68.4% |
| Furniture and vehicles | 24 | €61,990 | €42,858 | -€19,132 | -30.9% |
| Other tangible fixed assets | 26 | €862 | €626 | -€236 | -27.4% |
| Financial fixed assets | 28 | €56 | €56 | = | 0.0% |
| Current assets | 29/58 | €1,008,389 | €1,007,257 | -€1,132 | -0.1% |
| Amounts receivable within one year | 40/41 | €318,358 | €338,465 | +€20,107 | +6.3% |
| Other amounts receivable | 41 | €318,358 | €338,465 | +€20,107 | +6.3% |
| Current investments | 50/53 | €146,704 | €146,704 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €540,850 | €519,512 | -€21,338 | -3.9% |
| Deferred charges and accrued income | 490/1 | €2,476 | €2,576 | +€100 | +4.0% |
| Total equity and liabilities | 10/49 | €1,520,307 | €1,473,562 | -€46,745 | -3.1% |
| Equity | 10/15 | €792,867 | €757,457 | -€35,409 | -4.5% |
| Contributions | 10/11 | €256,000 | €256,000 | = | 0.0% |
| Capital | 10 | €256,000 | €256,000 | = | 0.0% |
| Issued capital | 100 | €256,000 | €256,000 | = | 0.0% |
| Reserves | 13 | €626,847 | €603,168 | -€23,679 | -3.8% |
| Non-distributable reserves | 130/1 | €25,600 | €25,600 | = | 0.0% |
| Legal reserve | 130 | €15,400 | €15,400 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,200 | €10,200 | = | 0.0% |
| Distributable reserves | 133 | €601,247 | €577,568 | -€23,679 | -3.9% |
| Profit (loss) carried forward | 14 | -€89,981 | -€101,711 | -€11,730 | -13.0% |
| Investment grants | 15 | €0 | - | = | |
| Amounts payable | 17/49 | €727,441 | €716,105 | -€11,336 | -1.6% |
| Amounts payable after more than one year | 17 | €658,904 | €642,320 | -€16,584 | -2.5% |
| Other amounts payable | 178/9 | €658,904 | €642,320 | -€16,584 | -2.5% |
| Amounts payable within one year | 42/48 | €68,537 | €73,784 | +€5,248 | +7.7% |
| Trade debts | 44 | €768 | €1,928 | +€1,160 | +151% |
| Suppliers | 440/4 | €768 | €1,928 | +€1,160 | +151% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €26,014 | €14,746 | -€11,267 | -43.3% |
| Taxes | 450/3 | €26,014 | €14,746 | -€11,267 | -43.3% |
| Other amounts payable | 47/48 | €41,755 | €57,110 | +€15,356 | +36.8% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,891 | €45,614 | -€277 | -0.6% |
| Other operating charges | 640/8 | €154,814 | €52,097 | -€102,717 | -66.3% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €138,331 | €114,188 | -€24,143 | -17.5% |
| Operating profit (loss) | 9901 | -€62,374 | €16,477 | +€78,851 | |
| Financial income | 75/76B | €32,591 | €20,083 | -€12,508 | -38.4% |
| Recurring financial income | 75 | €32,591 | €20,083 | -€12,508 | -38.4% |
| Financial charges | 65/66B | €59,906 | €48,012 | -€11,894 | -19.9% |
| Recurring financial charges | 65 | €59,906 | €48,012 | -€11,894 | -19.9% |
| Profit (loss) for the period before taxes | 9903 | -€89,689 | -€11,451 | +€78,237 | +87.2% |
| Income taxes | 67/77 | €292 | €279 | -€13 | -4.5% |
| Profit (loss) for the period | 9904 | -€89,981 | -€11,730 | +€78,251 | +87.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€89,981 | -€11,730 | +€78,251 | +87.0% |
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 19 October 2026 via checked.be.