TRIMAX: 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
TRIMAX
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
financial year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€76,979
2023 · €40,233+€36,745
Equity
€1.2m
2023 · €1.1m+€76,979
Cash
€5,617
2023 · -+€5,617
Balance sheet total
€2.5m
2023 · €2.0m+€439,812
Largest movements
Assets
- Receivables after one year +€446,390
new in 2024: €446,390
Equity and liabilities
- Debts after one year +€498,761
up €498,761 (+169.2%), from €294,822 to €793,583
of which Other amounts payable: +€611,817
- Other debts -€174,957
down €174,957 (-52.1%), from €336,032 to €161,075
- Profit (loss) carried forward +€76,979
up €76,979 (+7.3%), from €1.1m to €1.1m
Income statement
- Gross operating margin +€78,502
up €78,502 (+77.9%), from €100,805 to €179,307
- Financial charges +€28,494
up €28,494 (+74.3%), from €38,374 to €66,869
of which Financial charges: +€19,344
- Taxes +€13,821
up €13,821 (+92.0%), from €15,019 to €28,840
From the 2023 result to the 2024 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 2023
€40,233
Gross operating margin
+€78,502
Depreciation
+€443
Other operating charges
+€115
Financial charges
-€28,494
Taxes
-€13,821
Result 2024
€76,979
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
-€501,383
Investment
-€500
Financing
+€507,500
Cash 2023
€0
From operations (derived)
-€501,383
Net result for the year
+€76,979
Depreciation
+€2,272
Receivables after one year
-€446,390
Receivables within one year
+€10,658
Deferred charges and accrued income
-€236
Trade debts
+€19,629
Tax, wage and social debts
+€10,662
Other debts
-€174,957
Investment (derived)
-€500
Investment in fixed assets (net)
-€500
Financing
+€507,500
Debts after one year
+€498,761
Current portion of long-term debt
+€8,739
Cash 2024
€5,617
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,022,541 | €2,462,353 | +€439,812 | +21.7% |
| Fixed assets | 21/28 | €1,797,603 | €1,795,831 | -€1,772 | -0.1% |
| Tangible fixed assets | 22/27 | €35,000 | €32,728 | -€2,272 | -6.5% |
| Land and buildings | 22 | €34,297 | €32,377 | -€1,920 | -5.6% |
| Plant, machinery and equipment | 23 | €703 | €351 | -€352 | -50.1% |
| Financial fixed assets | 28 | €1,762,603 | €1,763,103 | +€500 | 0.0% |
| Current assets | 29/58 | €224,938 | €666,522 | +€441,584 | +196.3% |
| Amounts receivable after more than one year | 29 | - | €446,390 | +€446,390 | |
| Other amounts receivable | 291 | - | €446,390 | +€446,390 | |
| Amounts receivable within one year | 40/41 | €205,898 | €195,240 | -€10,658 | -5.2% |
| Trade receivables | 40 | €2,221 | €145,176 | +€142,954 | +6435.7% |
| Other amounts receivable | 41 | €203,677 | €50,064 | -€153,613 | -75.4% |
| Current investments | 50/53 | €5,000 | €5,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | - | €5,617 | +€5,617 | |
| Deferred charges and accrued income | 490/1 | €14,040 | €14,276 | +€236 | +1.7% |
| Total equity and liabilities | 10/49 | €2,022,541 | €2,462,353 | +€439,812 | +21.7% |
| Equity | 10/15 | €1,139,484 | €1,216,463 | +€76,979 | +6.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €17,450 | €17,450 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €11,250 | €11,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,060,034 | €1,137,013 | +€76,979 | +7.3% |
| Amounts payable | 17/49 | €883,057 | €1,245,891 | +€362,834 | +41.1% |
| Amounts payable after more than one year | 17 | €294,822 | €793,583 | +€498,761 | +169.2% |
| Financial debts | 170/4 | €294,822 | €181,766 | -€113,056 | -38.3% |
| Other amounts payable | 178/9 | - | €611,817 | +€611,817 | |
| Amounts payable within one year | 42/48 | €588,234 | €452,307 | -€135,927 | -23.1% |
| Current portion of amounts payable after more than one year | 42 | €108,205 | €116,944 | +€8,739 | +8.1% |
| Financial debts | 43 | €105,000 | €105,000 | = | 0.0% |
| Credit institutions | 430/8 | €105,000 | €105,000 | = | 0.0% |
| Trade debts | 44 | €2,664 | €22,293 | +€19,629 | +736.8% |
| Suppliers | 440/4 | €2,664 | €22,293 | +€19,629 | +736.8% |
| Taxes, remuneration and social security | 45 | €36,333 | €46,995 | +€10,662 | +29.3% |
| Taxes | 450/3 | €36,333 | €46,995 | +€10,662 | +29.3% |
| Other amounts payable | 47/48 | €336,032 | €161,075 | -€174,957 | -52.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,715 | €2,272 | -€443 | -16.3% |
| Other operating charges | 640/8 | €4,463 | €4,349 | -€115 | -2.6% |
| Gross operating margin | 9900 | €100,805 | €179,307 | +€78,502 | +77.9% |
| Operating profit (loss) | 9901 | €93,627 | €172,687 | +€79,060 | +84.4% |
| Financial charges | 65/66B | €38,374 | €66,869 | +€28,494 | +74.3% |
| Recurring financial charges | 65 | €38,374 | €57,719 | +€19,344 | +50.4% |
| Non-recurring financial charges | 66B | - | €9,150 | +€9,150 | |
| Profit (loss) for the period before taxes | 9903 | €55,253 | €105,818 | +€50,566 | +91.5% |
| Income taxes | 67/77 | €15,019 | €28,840 | +€13,821 | +92.0% |
| Profit (loss) for the period | 9904 | €40,233 | €76,979 | +€36,745 | +91.3% |
| Profit (loss) for the period to be appropriated | 9905 | €40,233 | €76,979 | +€36,745 | +91.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.