TRIMET: 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
TRIMET
NACE 25.110, Manufacture of metal structures and parts of structures
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€70,980
2024 · €67,511+€3,468
Equity
€933,648
2024 · €1.1m-€154,171
Cash
€128,920
2024 · €122,343+€6,578
Balance sheet total
€1.2m
2024 · €1.1m+€50,781
Largest movements
Assets
- Receivables within one year +€91,688
up €91,688 (+49.1%), from €186,814 to €278,502
of which Trade receivables: +€137,468
- Stocks and contracts -€49,182
down €49,182 (-22.6%), from €217,659 to €168,478
of which Contracts in progress: -€47,686
Equity and liabilities
- Other debts +€167,126
new in 2025: €167,126
- Reserves -€146,202
down €146,202 (-16.4%), from €892,309 to €746,107
- Trade debts +€38,341
up €38,341 (+89.4%), from €42,897 to €81,237
Income statement
- Depreciation +€6,340
up €6,340 (+22.6%), from €28,092 to €34,432
- Gross operating margin +€6,033
up €6,033 (+4.8%), from €125,547 to €131,580
- Write-downs -€2,475
no longer reported in 2025 (was €2,475)
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
€67,511
Gross operating margin
+€6,033
Depreciation
-€6,340
Write-downs
+€2,475
Other operating charges
+€590
Financial income
-€750
Financial charges
+€619
Taxes
+€842
Result 2025
€70,980
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
+€264,996
Investment
-€33,267
Financing
-€225,151
Cash 2024
€122,343
From operations (derived)
+€264,996
Net result for the year
+€70,980
Depreciation
+€34,432
Receivables after one year
-€1,094
Stocks and contracts
+€49,182
Receivables within one year
-€91,688
Deferred charges and accrued income
-€1,768
Trade debts
+€38,341
Tax, wage and social debts
-€1,024
Other debts
+€167,126
Accrued charges and deferred income
+€510
Investment (derived)
-€33,267
Investment in fixed assets (net)
-€33,267
Financing
-€225,151
Contributions, distributions and other
-€225,151
Cash 2025
€128,920
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,145,953 | €1,196,734 | +€50,781 | +4.4% |
| Fixed assets | 21/28 | €317,821 | €316,657 | -€1,165 | -0.4% |
| Tangible fixed assets | 22/27 | €315,222 | €314,057 | -€1,165 | -0.4% |
| Land and buildings | 22 | €255,580 | €259,176 | +€3,596 | +1.4% |
| Plant, machinery and equipment | 23 | €29,221 | €24,793 | -€4,428 | -15.2% |
| Furniture and vehicles | 24 | €30,421 | €30,089 | -€332 | -1.1% |
| Financial fixed assets | 28 | €2,599 | €2,599 | = | 0.0% |
| Current assets | 29/58 | €828,132 | €880,078 | +€51,946 | +6.3% |
| Amounts receivable after more than one year | 29 | €284,031 | €285,125 | +€1,094 | +0.4% |
| Other amounts receivable | 291 | €284,031 | €285,125 | +€1,094 | +0.4% |
| Stocks and contracts in progress | 3 | €217,659 | €168,478 | -€49,182 | -22.6% |
| Stocks | 30/36 | €51,322 | €49,827 | -€1,495 | -2.9% |
| Contracts in progress | 37 | €166,337 | €118,651 | -€47,686 | -28.7% |
| Amounts receivable within one year | 40/41 | €186,814 | €278,502 | +€91,688 | +49.1% |
| Trade receivables | 40 | €117,506 | €254,974 | +€137,468 | +117.0% |
| Other amounts receivable | 41 | €69,308 | €23,528 | -€45,780 | -66.1% |
| Cash at bank and in hand | 54/58 | €122,343 | €128,920 | +€6,578 | +5.4% |
| Deferred charges and accrued income | 490/1 | €17,285 | €19,052 | +€1,768 | +10.2% |
| Total equity and liabilities | 10/49 | €1,145,953 | €1,196,734 | +€50,781 | +4.4% |
| Equity | 10/15 | €1,087,820 | €933,648 | -€154,171 | -14.2% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Revaluation surpluses | 12 | €145,511 | €137,541 | -€7,970 | -5.5% |
| Reserves | 13 | €892,309 | €746,107 | -€146,202 | -16.4% |
| Distributable reserves | 133 | €892,309 | €746,107 | -€146,202 | -16.4% |
| Amounts payable | 17/49 | €58,134 | €263,086 | +€204,952 | +352.6% |
| Amounts payable within one year | 42/48 | €54,475 | €258,917 | +€204,442 | +375.3% |
| Trade debts | 44 | €42,897 | €81,237 | +€38,341 | +89.4% |
| Suppliers | 440/4 | €42,897 | €81,237 | +€38,341 | +89.4% |
| Taxes, remuneration and social security | 45 | €11,578 | €10,554 | -€1,024 | -8.8% |
| Taxes | 450/3 | €11,578 | €10,554 | -€1,024 | -8.8% |
| Other amounts payable | 47/48 | - | €167,126 | +€167,126 | |
| Accrued charges and deferred income | 492/3 | €3,659 | €4,169 | +€510 | +13.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,092 | €34,432 | +€6,340 | +22.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,475 | - | -€2,475 | |
| Other operating charges | 640/8 | €6,083 | €5,492 | -€590 | -9.7% |
| Gross operating margin | 9900 | €125,547 | €131,580 | +€6,033 | +4.8% |
| Operating profit (loss) | 9901 | €88,897 | €91,655 | +€2,758 | +3.1% |
| Financial income | 75/76B | €7,669 | €6,918 | -€750 | -9.8% |
| Recurring financial income | 75 | €7,669 | €6,918 | -€750 | -9.8% |
| Financial charges | 65/66B | €988 | €369 | -€619 | -62.6% |
| Recurring financial charges | 65 | €988 | €369 | -€619 | -62.6% |
| Profit (loss) for the period before taxes | 9903 | €95,578 | €98,205 | +€2,626 | +2.7% |
| Income taxes | 67/77 | €28,067 | €27,225 | -€842 | -3.0% |
| Profit (loss) for the period | 9904 | €67,511 | €70,980 | +€3,468 | +5.1% |
| Profit (loss) for the period to be appropriated | 9905 | €67,511 | €70,980 | +€3,468 | +5.1% |
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 3 October 2026 via checked.be.