Trince: 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.
Trince
Largest movements
- Cash +€4.3m
up €4.3m (+484.9%), from €876,685 to €5.1m
mainly Contributions, distributions and other (+€5.3m) and Receivables within one year (+€1.3m)
- Receivables within one year -€1.3m
down €1.3m (-61.9%), from €2.0m to €772,470
of which Other amounts receivable: -€1.4m
- Intangible fixed assets -€238,802
down €238,802 (-10.1%), from €2.4m to €2.1m
- Tangible fixed assets -€114,804
down €114,804 (-32.4%), from €354,213 to €239,410
- Contributions +€5.2m
up €5.2m (+69.4%), from €7.4m to €12.6m
- Profit (loss) carried forward -€1.6m
down €1.6m (-38.1%), from -€4.2m to -€5.8m
- Accrued charges and deferred income -€940,629
down €940,629 (-49.8%), from €1.9m to €948,068
- Investment grants +€150,222
up €150,222 (+61.3%), from €245,094 to €395,316
- Trade debts +€88,774
up €88,774 (+61.2%), from €145,035 to €233,809
- Staff costs +€233,960
up €233,960 (+29.5%), from €793,866 to €1.0m
- Gross operating margin +€158,586
up €158,586 (+67.9%), from -€233,556 to -€74,970
- Taxes -€69,319
new in 2025: -€69,319
- Financial income +€50,974
up €50,974 (+74.3%), from €68,561 to €119,534
- Depreciation +€44,859
up €44,859 (+7.2%), from €618,780 to €663,638
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,928,501 | €8,739,164 | +€2.8m | +47.4% |
| Formation expenses | 20 | €59,647 | €55,949 | -€3,698 | -6.2% |
| Fixed assets | 21/28 | €2,741,719 | €2,391,513 | -€350,206 | -12.8% |
| Intangible fixed assets | 21 | €2,375,995 | €2,137,192 | -€238,802 | -10.1% |
| Tangible fixed assets | 22/27 | €354,213 | €239,410 | -€114,804 | -32.4% |
| Plant, machinery and equipment | 23 | €141,113 | €97,795 | -€43,318 | -30.7% |
| Furniture and vehicles | 24 | €46,915 | €39,754 | -€7,161 | -15.3% |
| Leasing and similar rights | 25 | €61,553 | €10,984 | -€50,569 | -82.2% |
| Other tangible fixed assets | 26 | €104,632 | €90,877 | -€13,755 | -13.1% |
| Financial fixed assets | 28 | €11,511 | €14,911 | +€3,400 | +29.5% |
| Current assets | 29/58 | €3,127,135 | €6,291,702 | +€3.2m | +101.2% |
| Amounts receivable after more than one year | 29 | - | €69,339 | +€69,339 | |
| Other amounts receivable | 291 | - | €69,339 | +€69,339 | |
| Stocks and contracts in progress | 3 | €216,988 | €303,361 | +€86,373 | +39.8% |
| Stocks | 30/36 | €216,988 | €303,361 | +€86,373 | +39.8% |
| Amounts receivable within one year | 40/41 | €2,028,114 | €772,470 | -€1.3m | -61.9% |
| Trade receivables | 40 | €35,835 | €191,846 | +€156,011 | +435.4% |
| Other amounts receivable | 41 | €1,992,279 | €580,624 | -€1.4m | -70.9% |
| Cash at bank and in hand | 54/58 | €876,685 | €5,127,765 | +€4.3m | +484.9% |
| Deferred charges and accrued income | 490/1 | €5,348 | €18,767 | +€13,419 | +250.9% |
| Total equity and liabilities | 10/49 | €5,928,501 | €8,739,164 | +€2.8m | +47.4% |
| Equity | 10/15 | €3,489,580 | €7,198,466 | +€3.7m | +106.3% |
| Contributions | 10/11 | €7,417,167 | €12,567,272 | +€5.2m | +69.4% |
| Profit (loss) carried forward | 14 | -€4,172,681 | -€5,764,122 | -€1.6m | -38.1% |
| Investment grants | 15 | €245,094 | €395,316 | +€150,222 | +61.3% |
| Amounts payable | 17/49 | €2,438,921 | €1,540,698 | -€898,223 | -36.8% |
| Amounts payable after more than one year | 17 | €48,100 | €20,536 | -€27,564 | -57.3% |
| Financial debts | 170/4 | €48,100 | €20,536 | -€27,564 | -57.3% |
| Amounts payable within one year | 42/48 | €502,124 | €572,094 | +€69,970 | +13.9% |
| Current portion of amounts payable after more than one year | 42 | €84,591 | €36,987 | -€47,604 | -56.3% |
| Trade debts | 44 | €145,035 | €233,809 | +€88,774 | +61.2% |
| Suppliers | 440/4 | €145,035 | €233,809 | +€88,774 | +61.2% |
| Taxes, remuneration and social security | 45 | €130,622 | €159,423 | +€28,800 | +22.0% |
| Taxes | 450/3 | €6,245 | - | -€6,245 | |
| Remuneration and social security | 454/9 | €124,377 | €159,423 | +€35,045 | +28.2% |
| Other amounts payable | 47/48 | €141,875 | €141,875 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,888,697 | €948,068 | -€940,629 | -49.8% |
| Remuneration, social security and pensions | 62 | €793,866 | €1,027,826 | +€233,960 | +29.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €618,780 | €663,638 | +€44,859 | +7.2% |
| Other operating charges | 640/8 | €6,419 | €5,176 | -€1,243 | -19.4% |
| Gross operating margin | 9900 | -€233,556 | -€74,970 | +€158,586 | +67.9% |
| Operating profit (loss) | 9901 | -€1,652,620 | -€1,771,610 | -€118,990 | -7.2% |
| Financial income | 75/76B | €68,561 | €119,534 | +€50,974 | +74.3% |
| Recurring financial income | 75 | €68,561 | €119,534 | +€50,974 | +74.3% |
| Financial charges | 65/66B | €51,700 | €8,683 | -€43,016 | -83.2% |
| Recurring financial charges | 65 | €51,700 | €8,683 | -€43,016 | -83.2% |
| Profit (loss) for the period before taxes | 9903 | -€1,635,760 | -€1,660,759 | -€25,000 | -1.5% |
| Income taxes | 67/77 | - | -€69,319 | -€69,319 | |
| Profit (loss) for the period | 9904 | -€1,635,760 | -€1,591,440 | +€44,319 | +2.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,635,760 | -€1,591,440 | +€44,319 | +2.7% |
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 6 October 2026 via checked.be.