TRINEAN: 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
TRINEAN
NACE 26.510, Manufacture of computer, electronic and optical products
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€6.2m
2023 · €4.1m+€2.2m
Equity
€12.4m
2023 · €6.2m+€6.2m
Cash
€629,085
2023 · €538,241+€90,843
Balance sheet total
€18.2m
2023 · €8.9m+€9.3m
Largest movements
Assets
- Receivables within one year +€8.9m
up €8.9m (+147.6%), from €6.0m to €14.9m
of which Other amounts receivable: +€7.0m
- Stocks and contracts +€460,085
up €460,085 (+47.4%), from €969,790 to €1.4m
Equity and liabilities
- Profit (loss) carried forward +€6.2m
up €6.2m (+151.4%), from €4.1m to €10.3m
- Trade debts +€2.3m
up €2.3m (+132.3%), from €1.7m to €4.0m
- Tax, wage and social debts +€872,020
up €872,020 (+150.3%), from €580,104 to €1.5m
of which Taxes: +€936,293
Income statement
- Turnover +€4.1m
up €4.1m (+23.3%), from €17.4m to €21.4m
- Goods and materials +€1.6m
up €1.6m (+34.0%), from €4.8m to €6.5m
of which Purchases: +€2.2m
- Taxes +€742,897
up €742,897 (+188.8%), from €393,491 to €1.1m
of which Taxes: +€742,897
- Services and other goods +€319,749
up €319,749 (+7.4%), from €4.3m to €4.7m
- Financial income +€309,862
up €309,862 (+133.7%), from €231,801 to €541,663
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
€4.1m
Turnover
+€4.1m
Other operating income
-€14,154
Goods and materials
-€1.6m
Services and other goods
-€319,749
Staff costs
+€214,045
Depreciation
+€86,011
Write-downs
+€55,157
Provisions
-€34,906
Other operating charges
+€6,635
Other operating items
+€98,835
Financial income
+€309,862
Financial charges
+€86,526
Taxes
-€742,897
Result 2024
€6.2m
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
+€330,326
Investment
-€239,482
Financing
€0
Cash 2023
€538,241
From operations (derived)
+€330,326
Net result for the year
+€6.2m
Depreciation
+€363,954
Stocks and contracts
-€460,085
Receivables within one year
-€8.9m
Smaller working-capital items
+€49,370
Trade debts
+€2.3m
Tax, wage and social debts
+€872,020
Accrued charges and deferred income
-€121,017
Investment (derived)
-€239,482
Investment in fixed assets (net)
-€239,482
Cash 2024
€629,085
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,896,003 | €18,185,199 | +€9.3m | +104.4% |
| Fixed assets | 21/28 | €1,360,021 | €1,235,549 | -€124,471 | -9.2% |
| Intangible fixed assets | 21 | €435,935 | €435,935 | = | 0.0% |
| Tangible fixed assets | 22/27 | €809,072 | €684,380 | -€124,692 | -15.4% |
| Plant, machinery and equipment | 23 | €705,601 | €607,769 | -€97,832 | -13.9% |
| Furniture and vehicles | 24 | €91,585 | €67,161 | -€24,424 | -26.7% |
| Other tangible fixed assets | 26 | €11,886 | €9,449 | -€2,437 | -20.5% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €115,013 | €115,234 | +€221 | +0.2% |
| Other financial fixed assets | 284/8 | €115,013 | €115,234 | +€221 | +0.2% |
| Amounts receivable and cash guarantees | 285/8 | €115,013 | €115,234 | +€221 | +0.2% |
| Current assets | 29/58 | €7,535,982 | €16,949,649 | +€9.4m | +124.9% |
| Stocks and contracts in progress | 3 | €969,790 | €1,429,875 | +€460,085 | +47.4% |
| Stocks | 30/36 | €969,790 | €1,429,875 | +€460,085 | +47.4% |
| Raw materials and consumables | 30/31 | €691,928 | €1,425,195 | +€733,267 | +106.0% |
| Finished goods | 33 | €277,862 | €4,680 | -€273,182 | -98.3% |
| Amounts receivable within one year | 40/41 | €6,009,398 | €14,879,577 | +€8.9m | +147.6% |
| Trade receivables | 40 | €5,980,976 | €7,860,605 | +€1.9m | +31.4% |
| Other amounts receivable | 41 | €28,422 | €7,018,972 | +€7.0m | +24595.6% |
| Cash at bank and in hand | 54/58 | €538,241 | €629,085 | +€90,843 | +16.9% |
| Deferred charges and accrued income | 490/1 | €18,553 | €11,112 | -€7,441 | -40.1% |
| Total equity and liabilities | 10/49 | €8,896,003 | €18,185,199 | +€9.3m | +104.4% |
| Equity | 10/15 | €6,227,241 | €12,444,483 | +€6.2m | +99.8% |
| Contributions | 10/11 | €1,840,707 | €1,840,707 | = | 0.0% |
| Capital | 10 | €1,840,707 | €1,840,707 | = | 0.0% |
| Issued capital | 100 | €1,840,707 | €1,840,707 | = | 0.0% |
| Reserves | 13 | €280,279 | €280,279 | = | 0.0% |
| Non-distributable reserves | 130/1 | €184,071 | €184,071 | = | 0.0% |
| Legal reserve | 130 | €184,071 | €184,071 | = | 0.0% |
| Distributable reserves | 133 | €96,208 | €96,208 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,106,256 | €10,323,498 | +€6.2m | +151.4% |
| Provisions and deferred taxes | 16 | €47,279 | €65,562 | +€18,283 | +38.7% |
| Provisions for liabilities and charges | 160/5 | €47,279 | €65,562 | +€18,283 | +38.7% |
| Other liabilities and charges | 164/5 | €47,279 | €65,562 | +€18,283 | +38.7% |
| Amounts payable | 17/49 | €2,621,483 | €5,675,154 | +€3.1m | +116.5% |
| Amounts payable within one year | 42/48 | €2,315,091 | €5,489,779 | +€3.2m | +137.1% |
| Trade debts | 44 | €1,722,485 | €4,001,507 | +€2.3m | +132.3% |
| Suppliers | 440/4 | €1,722,485 | €4,001,507 | +€2.3m | +132.3% |
| Advances received on contracts in progress | 46 | €12,484 | €28,184 | +€15,701 | +125.8% |
| Taxes, remuneration and social security | 45 | €580,104 | €1,452,123 | +€872,020 | +150.3% |
| Taxes | 450/3 | €192,790 | €1,129,083 | +€936,293 | +485.7% |
| Remuneration and social security | 454/9 | €387,314 | €323,040 | -€64,274 | -16.6% |
| Other amounts payable | 47/48 | €19 | €7,965 | +€7,946 | +42017.9% |
| Accrued charges and deferred income | 492/3 | €306,392 | €185,375 | -€121,017 | -39.5% |
| Operating income | 70/76A | €17,587,009 | €21,759,481 | +€4.2m | +23.7% |
| Turnover | 70 | €17,388,779 | €21,442,134 | +€4.1m | +23.3% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€157,244 | €170,712 | +€327,956 | |
| Other operating income | 74 | €127,930 | €113,776 | -€14,154 | -11.1% |
| Non-recurring operating income | 76A | €227,544 | €32,860 | -€194,685 | -85.6% |
| Operating charges | 60/66A | €12,987,519 | €14,657,518 | +€1.7m | +12.9% |
| Goods for resale, raw materials and consumables | 60 | €4,826,903 | €6,469,658 | +€1.6m | +34.0% |
| Purchases | 600/8 | €4,526,746 | €6,765,596 | +€2.2m | +49.5% |
| Change in stocks: decrease (increase) | 609 | €300,157 | -€295,938 | -€596,095 | |
| Services and other goods | 61 | €4,345,554 | €4,665,304 | +€319,749 | +7.4% |
| Remuneration, social security and pensions | 62 | €3,293,294 | €3,079,249 | -€214,045 | -6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €449,965 | €363,954 | -€86,011 | -19.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €55,157 | €0 | -€55,157 | -100.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€12,303 | €22,603 | +€34,906 | |
| Other operating charges | 640/8 | €28,948 | €22,314 | -€6,635 | -22.9% |
| Non-recurring operating charges | 66A | - | €34,437 | +€34,437 | |
| Operating profit (loss) | 9901 | €4,599,490 | €7,101,963 | +€2.5m | +54.4% |
| Financial income | 75/76B | €231,801 | €541,663 | +€309,862 | +133.7% |
| Recurring financial income | 75 | €231,801 | €541,663 | +€309,862 | +133.7% |
| Income from financial fixed assets | 750 | €19 | €316 | +€297 | +1599.2% |
| Income from current assets | 751 | €231,782 | €116,146 | -€115,636 | -49.9% |
| Other financial income | 752/9 | €0 | €425,201 | +€425,201 | |
| Financial charges | 65/66B | €376,522 | €289,996 | -€86,526 | -23.0% |
| Recurring financial charges | 65 | €376,522 | €289,996 | -€86,526 | -23.0% |
| Debt charges | 650 | €972 | €976 | +€5 | +0.5% |
| Other financial charges | 652/9 | €375,550 | €289,020 | -€86,530 | -23.0% |
| Profit (loss) for the period before taxes | 9903 | €4,454,769 | €7,353,630 | +€2.9m | +65.1% |
| Income taxes | 67/77 | €393,491 | €1,136,388 | +€742,897 | +188.8% |
| Taxes | 670/3 | €393,491 | €1,136,388 | +€742,897 | +188.8% |
| Tax adjustments and reversals of tax provisions | 77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €4,061,278 | €6,217,242 | +€2.2m | +53.1% |
| Profit (loss) for the period to be appropriated | 9905 | €4,061,278 | €6,217,242 | +€2.2m | +53.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.