TRIMCO: 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.
What changed
TRIMCO
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.6m
2024 · -€573,961+€2.2m
Equity
€6.0m
2024 · €4.4m+€1.6m
Cash
€11,798
2024 · €0+€11,798
Balance sheet total
€14.7m
2024 · €17.5m-€2.8m
Largest movements
Assets
- Receivables within one year -€1.3m
down €1.3m (-17.5%), from €7.6m to €6.3m
of which Other amounts receivable: -€1.3m
- Stocks and contracts -€825,311
down €825,311 (-30.8%), from €2.7m to €1.9m
- Tangible fixed assets -€632,501
down €632,501 (-8.8%), from €7.2m to €6.5m
Equity and liabilities
- Short-term financial debts -€4.0m
down €4.0m (-41.8%), from €9.6m to €5.6m
- Profit (loss) carried forward +€1.7m
up €1.7m (+101.8%), from €1.6m to €3.3m
- Debts after one year -€306,304
down €306,304 (-12.1%), from €2.5m to €2.2m
of which Financial debts: -€306,304
Income statement
- Gross operating margin +€1.8m
up €1.8m (+968.3%), from €181,883 to €1.9m
- Depreciation -€290,256
down €290,256 (-57.3%), from €506,625 to €216,369
- Financial charges -€222,658
down €222,658 (-35.9%), from €620,107 to €397,449
- Other operating charges +€84,478
up €84,478 (+479.1%), from €17,634 to €102,112
- Taxes +€60,156
up €60,156, from -€156 to €60,000
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.
Result 2024
-€573,961
Gross operating margin
+€1.8m
Depreciation
+€290,256
Other operating charges
-€84,478
Financial income
+€21,569
Financial charges
+€222,658
Taxes
-€60,156
Deferred taxes and other
+€5,743
Result 2025
€1.6m
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.
From operations
+€3.9m
Investment
+€416,132
Financing
-€4.3m
Cash 2024
€0
From operations (derived)
+€3.9m
Net result for the year
+€1.6m
Depreciation
+€216,369
Stocks and contracts
+€825,311
Receivables within one year
+€1.3m
Deferred charges and accrued income
-€12,365
Provisions
-€32,223
Smaller working-capital items
+€4,689
Tax, wage and social debts
+€60,344
Accrued charges and deferred income
-€76,403
Investment (derived)
+€416,132
Investment in fixed assets (net)
+€416,132
Financing
-€4.3m
Debts after one year
-€306,304
Short-term financial debts
-€4.0m
Cash 2025
€11,798
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €17,470,780 | €14,703,677 | -€2.8m | -15.8% |
| Fixed assets | 21/28 | €7,157,152 | €6,524,651 | -€632,501 | -8.8% |
| Tangible fixed assets | 22/27 | €7,157,152 | €6,524,651 | -€632,501 | -8.8% |
| Land and buildings | 22 | €7,157,152 | €6,524,651 | -€632,501 | -8.8% |
| Current assets | 29/58 | €10,313,628 | €8,179,025 | -€2.1m | -20.7% |
| Stocks and contracts in progress | 3 | €2,681,424 | €1,856,113 | -€825,311 | -30.8% |
| Stocks | 30/36 | €2,681,424 | €1,856,113 | -€825,311 | -30.8% |
| Amounts receivable within one year | 40/41 | €7,631,269 | €6,297,814 | -€1.3m | -17.5% |
| Trade receivables | 40 | €75,061 | €2,943 | -€72,117 | -96.1% |
| Other amounts receivable | 41 | €7,556,208 | €6,294,871 | -€1.3m | -16.7% |
| Cash at bank and in hand | 54/58 | €0 | €11,798 | +€11,798 | |
| Deferred charges and accrued income | 490/1 | €935 | €13,300 | +€12,365 | +1322.4% |
| Total equity and liabilities | 10/49 | €17,470,780 | €14,703,677 | -€2.8m | -15.8% |
| Equity | 10/15 | €4,378,115 | €5,960,987 | +€1.6m | +36.2% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €2,666,232 | €2,569,564 | -€96,668 | -3.6% |
| Non-distributable reserves | 130/1 | €17,712 | €17,712 | = | 0.0% |
| Legal reserve | 130 | €17,712 | €17,712 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,648,520 | €2,551,852 | -€96,668 | -3.6% |
| Profit (loss) carried forward | 14 | €1,649,909 | €3,329,450 | +€1.7m | +101.8% |
| Provisions and deferred taxes | 16 | €882,840 | €850,617 | -€32,223 | -3.6% |
| Deferred taxes | 168 | €882,840 | €850,617 | -€32,223 | -3.6% |
| Amounts payable | 17/49 | €12,209,826 | €7,892,072 | -€4.3m | -35.4% |
| Amounts payable after more than one year | 17 | €2,527,986 | €2,221,682 | -€306,304 | -12.1% |
| Financial debts | 170/4 | €2,525,396 | €2,219,092 | -€306,304 | -12.1% |
| Other amounts payable | 178/9 | €2,590 | €2,590 | = | 0.0% |
| Amounts payable within one year | 42/48 | €9,590,471 | €5,655,425 | -€3.9m | -41.0% |
| Financial debts | 43 | €9,563,080 | €5,563,000 | -€4.0m | -41.8% |
| Credit institutions | 430/8 | €9,563,080 | €5,563,000 | -€4.0m | -41.8% |
| Trade debts | 44 | €23,842 | €28,529 | +€4,686 | +19.7% |
| Suppliers | 440/4 | €23,842 | €28,529 | +€4,686 | +19.7% |
| Taxes, remuneration and social security | 45 | €3,413 | €63,758 | +€60,344 | +1768.0% |
| Taxes | 450/3 | €3,413 | €63,758 | +€60,344 | +1768.0% |
| Other amounts payable | 47/48 | €136 | €139 | +€3 | +2.0% |
| Accrued charges and deferred income | 492/3 | €91,368 | €14,965 | -€76,403 | -83.6% |
| Non-recurring operating income | 76A | €0 | €135,578 | +€135,578 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €506,625 | €216,369 | -€290,256 | -57.3% |
| Other operating charges | 640/8 | €17,634 | €102,112 | +€84,478 | +479.1% |
| Gross operating margin | 9900 | €181,883 | €1,943,124 | +€1.8m | +968.3% |
| Operating profit (loss) | 9901 | -€342,376 | €1,624,643 | +€2.0m | |
| Financial income | 75/76B | €361,887 | €383,456 | +€21,569 | +6.0% |
| Recurring financial income | 75 | €361,887 | €383,456 | +€21,569 | +6.0% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €620,107 | €397,449 | -€222,658 | -35.9% |
| Recurring financial charges | 65 | €620,107 | €397,449 | -€222,658 | -35.9% |
| Profit (loss) for the period before taxes | 9903 | -€600,596 | €1,610,650 | +€2.2m | |
| Transfer from deferred taxes | 780 | €26,479 | €32,223 | +€5,743 | +21.7% |
| Income taxes | 67/77 | -€156 | €60,000 | +€60,156 | |
| Profit (loss) for the period | 9904 | -€573,961 | €1,582,873 | +€2.2m | |
| Transfer from tax-exempt reserves | 789 | €79,438 | €96,668 | +€17,230 | +21.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€494,522 | €1,679,541 | +€2.2m |
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 1 October 2026 via checked.be.