TRIMCAT: 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.
TRIMCAT
Largest movements
- Tangible fixed assets +€78,605
up €78,605 (+4.3%), from €1.8m to €1.9m
of which Furniture and vehicles: +€105,834
- Current investments -€64,571
down €64,571 (-58.6%), from €110,184 to €45,613
- Debts after one year -€55,674
down €55,674 (-3.1%), from €1.8m to €1.7m
- Profit (loss) carried forward +€33,155
up €33,155, from -€18,707 to €14,448
- Current portion of long-term debt +€26,980
up €26,980 (+52.9%), from €50,978 to €77,959
- Gross operating margin +€58,786
up €58,786 (+48.3%), from €121,788 to €180,574
- Financial charges +€12,445
up €12,445 (+22.6%), from €55,007 to €67,452
- Other operating charges +€6,718
up €6,718 (+256%), from €2,619 to €9,338
- Depreciation +€6,339
up €6,339 (+9.7%), from €65,396 to €71,736
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 | €2,033,603 | €2,041,760 | +€8,157 | +0.4% |
| Fixed assets | 21/28 | €1,816,856 | €1,895,460 | +€78,605 | +4.3% |
| Tangible fixed assets | 22/27 | €1,816,856 | €1,895,460 | +€78,605 | +4.3% |
| Land and buildings | 22 | €1,813,072 | €1,785,842 | -€27,230 | -1.5% |
| Furniture and vehicles | 24 | €3,784 | €109,618 | +€105,834 | +2,797% |
| Current assets | 29/58 | €216,747 | €146,299 | -€70,448 | -32.5% |
| Stocks and contracts in progress | 3 | - | €12,209 | +€12,209 | |
| Stocks | 30/36 | - | €12,209 | +€12,209 | |
| Amounts receivable within one year | 40/41 | €101,729 | €82,373 | -€19,356 | -19.0% |
| Trade receivables | 40 | €100,279 | €80,923 | -€19,356 | -19.3% |
| Other amounts receivable | 41 | €1,450 | €1,450 | = | 0.0% |
| Current investments | 50/53 | €110,184 | €45,613 | -€64,571 | -58.6% |
| Cash at bank and in hand | 54/58 | €4,834 | €6,105 | +€1,271 | +26.3% |
| Total equity and liabilities | 10/49 | €2,033,603 | €2,041,760 | +€8,157 | +0.4% |
| Equity | 10/15 | €181,753 | €214,908 | +€33,155 | +18.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €181,860 | €181,860 | = | 0.0% |
| Distributable reserves | 133 | €181,860 | €181,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,707 | €14,448 | +€33,155 | |
| Amounts payable | 17/49 | €1,851,850 | €1,826,852 | -€24,998 | -1.3% |
| Amounts payable after more than one year | 17 | €1,767,661 | €1,711,987 | -€55,674 | -3.1% |
| Financial debts | 170/4 | €1,767,661 | €1,711,987 | -€55,674 | -3.1% |
| Amounts payable within one year | 42/48 | €84,189 | €114,865 | +€30,676 | +36.4% |
| Current portion of amounts payable after more than one year | 42 | €50,978 | €77,959 | +€26,980 | +52.9% |
| Trade debts | 44 | €11,568 | €218 | -€11,350 | -98.1% |
| Suppliers | 440/4 | €11,568 | €218 | -€11,350 | -98.1% |
| Taxes, remuneration and social security | 45 | €19,168 | €14,413 | -€4,755 | -24.8% |
| Taxes | 450/3 | €19,168 | €14,413 | -€4,755 | -24.8% |
| Other amounts payable | 47/48 | €2,475 | €22,275 | +€19,800 | +800% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,396 | €71,736 | +€6,339 | +9.7% |
| Other operating charges | 640/8 | €2,619 | €9,338 | +€6,718 | +256% |
| Gross operating margin | 9900 | €121,788 | €180,574 | +€58,786 | +48.3% |
| Operating profit (loss) | 9901 | €53,772 | €99,501 | +€45,729 | +85.0% |
| Financial income | 75/76B | €263 | €275 | +€12 | +4.5% |
| Recurring financial income | 75 | €263 | €275 | +€12 | +4.5% |
| Financial charges | 65/66B | €55,007 | €67,452 | +€12,445 | +22.6% |
| Recurring financial charges | 65 | €55,007 | €67,452 | +€12,445 | +22.6% |
| Profit (loss) for the period before taxes | 9903 | -€972 | €32,324 | +€33,296 | |
| Income taxes | 67/77 | €305 | -€832 | -€1,137 | |
| Profit (loss) for the period | 9904 | -€1,278 | €33,155 | +€34,433 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,278 | €33,155 | +€34,433 |
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 29 October 2026 via checked.be.