TRINERGY: 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.
TRINERGY
Largest movements
- Receivables within one year +€4.6m
up €4.6m (+297%), from €1.6m to €6.2m
of which Other amounts receivable: +€4.0m
- Cash -€1.6m
down €1.6m (-68.9%), from €2.3m to €725,976
mainly Receivables within one year (-€4.6m) and Investment in fixed assets (net) (-€413,433)
- Current investments -€750,000
down €750,000 (-100%), from €750,000 to €0
- Deferred charges and accrued income +€302,975
up €302,975 (+84.7%), from €357,895 to €660,870
- Profit (loss) carried forward +€2.6m
up €2.6m (+46.9%), from €5.6m to €8.2m
- Gross operating margin +€628,937
up €628,937 (+18.5%), from €3.4m to €4.0m
- Staff costs +€133,154
up €133,154 (+19.0%), from €701,570 to €834,724
- Taxes +€101,189
up €101,189 (+72.6%), from €139,363 to €240,552
- Depreciation +€93,342
up €93,342 (+29.4%), from €317,849 to €411,191
- Financial income +€48,134
up €48,134 (+128%), from €37,740 to €85,874
of which Financial income: +€48,134
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 | €6,190,859 | €8,751,318 | +€2.6m | +41.4% |
| Fixed assets | 21/28 | €1,196,985 | €1,199,227 | +€2,242 | +0.2% |
| Intangible fixed assets | 21 | €1,176,238 | €1,175,688 | -€551 | 0.0% |
| Tangible fixed assets | 22/27 | €11,494 | €11,583 | +€89 | +0.8% |
| Plant, machinery and equipment | 23 | €6,691 | €4,686 | -€2,005 | -30.0% |
| Furniture and vehicles | 24 | €4,803 | €6,897 | +€2,094 | +43.6% |
| Financial fixed assets | 28 | €9,253 | €11,956 | +€2,704 | +29.2% |
| Current assets | 29/58 | €4,993,875 | €7,552,091 | +€2.6m | +51.2% |
| Amounts receivable within one year | 40/41 | €1,552,167 | €6,165,245 | +€4.6m | +297% |
| Trade receivables | 40 | €1,325,080 | €1,948,649 | +€623,569 | +47.1% |
| Other amounts receivable | 41 | €227,086 | €4,216,597 | +€4.0m | +1,757% |
| Current investments | 50/53 | €750,000 | €0 | -€750,000 | -100% |
| Cash at bank and in hand | 54/58 | €2,333,813 | €725,976 | -€1.6m | -68.9% |
| Deferred charges and accrued income | 490/1 | €357,895 | €660,870 | +€302,975 | +84.7% |
| Total equity and liabilities | 10/49 | €6,190,859 | €8,751,318 | +€2.6m | +41.4% |
| Equity | 10/15 | €5,824,326 | €8,445,670 | +€2.6m | +45.0% |
| Contributions | 10/11 | €6,250 | €6,250 | = | 0.0% |
| Reserves | 13 | €231,860 | €231,860 | = | 0.0% |
| Distributable reserves | 133 | €231,860 | €231,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,586,216 | €8,207,560 | +€2.6m | +46.9% |
| Amounts payable | 17/49 | €366,533 | €305,648 | -€60,885 | -16.6% |
| Amounts payable within one year | 42/48 | €366,533 | €305,648 | -€60,885 | -16.6% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €157,878 | €80,408 | -€77,470 | -49.1% |
| Suppliers | 440/4 | €157,878 | €80,408 | -€77,470 | -49.1% |
| Taxes, remuneration and social security | 45 | €208,655 | €223,748 | +€15,093 | +7.2% |
| Taxes | 450/3 | €114,787 | €141,930 | +€27,143 | +23.6% |
| Remuneration and social security | 454/9 | €93,868 | €81,818 | -€12,050 | -12.8% |
| Other amounts payable | 47/48 | - | €1,492 | +€1,492 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €701,570 | €834,724 | +€133,154 | +19.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €317,849 | €411,191 | +€93,342 | +29.4% |
| Other operating charges | 640/8 | €1,021 | €998 | -€23 | -2.2% |
| Gross operating margin | 9900 | €3,394,005 | €4,022,942 | +€628,937 | +18.5% |
| Operating profit (loss) | 9901 | €2,373,564 | €2,776,028 | +€402,464 | +17.0% |
| Financial income | 75/76B | €37,740 | €85,874 | +€48,134 | +128% |
| Recurring financial income | 75 | €37,740 | €85,874 | +€48,134 | +128% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €182 | €7 | -€175 | -96.0% |
| Recurring financial charges | 65 | €182 | €7 | -€175 | -96.0% |
| Profit (loss) for the period before taxes | 9903 | €2,411,123 | €2,861,896 | +€450,773 | +18.7% |
| Income taxes | 67/77 | €139,363 | €240,552 | +€101,189 | +72.6% |
| Profit (loss) for the period | 9904 | €2,271,760 | €2,621,343 | +€349,584 | +15.4% |
| Profit (loss) for the period to be appropriated | 9905 | €2,271,760 | €2,621,343 | +€349,584 | +15.4% |
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 20 October 2026 via checked.be.