TRINIST: 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.
TRINIST
Largest movements
- Tangible fixed assets -€98,969
down €98,969 (-37.2%), from €266,060 to €167,091
of which Plant, machinery and equipment: -€77,602
- Cash +€68,646
up €68,646 (+44.9%), from €153,048 to €221,694
mainly Trade debts (+€196,555) and Depreciation (+€98,969)
- Deferred charges and accrued income +€12,449
up €12,449 (+42.4%), from €29,355 to €41,804
- Stocks and contracts -€10,052
down €10,052 (-5.5%), from €183,625 to €173,573
- Trade debts +€196,555
up €196,555 (+82.5%), from €238,227 to €434,782
- Profit (loss) carried forward -€127,044
down €127,044 (-443%), from -€28,655 to -€155,699
- Debts after one year -€43,652
down €43,652 (-29.3%), from €148,762 to €105,110
- Reserves -€33,162
down €33,162 (-58.9%), from €56,332 to €23,170
of which Tax-exempt reserves: -€33,162
- Other debts -€25,285
down €25,285 (-33.9%), from €74,647 to €49,362
- Gross operating margin -€66,651
down €66,651 (-35.7%), from €186,471 to €119,819
- Staff costs +€17,330
up €17,330 (+11.9%), from €145,865 to €163,195
- Financial charges +€7,257
up €7,257 (+42.4%), from €17,134 to €24,391
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €668,606 | €638,567 | -€30,038 | -4.5% |
| Fixed assets | 21/28 | €266,520 | €167,551 | -€98,969 | -37.1% |
| Tangible fixed assets | 22/27 | €266,060 | €167,091 | -€98,969 | -37.2% |
| Land and buildings | 22 | €26,800 | €25,400 | -€1,400 | -5.2% |
| Plant, machinery and equipment | 23 | €162,415 | €84,813 | -€77,602 | -47.8% |
| Furniture and vehicles | 24 | €3,564 | €596 | -€2,969 | -83.3% |
| Other tangible fixed assets | 26 | €73,281 | €56,283 | -€16,998 | -23.2% |
| Financial fixed assets | 28 | €460 | €460 | = | 0.0% |
| Current assets | 29/58 | €402,085 | €471,016 | +€68,930 | +17.1% |
| Stocks and contracts in progress | 3 | €183,625 | €173,573 | -€10,052 | -5.5% |
| Stocks | 30/36 | €183,625 | €173,573 | -€10,052 | -5.5% |
| Amounts receivable within one year | 40/41 | €36,058 | €33,945 | -€2,113 | -5.9% |
| Trade receivables | 40 | €28,512 | €15,376 | -€13,136 | -46.1% |
| Other amounts receivable | 41 | €7,546 | €18,569 | +€11,023 | +146% |
| Cash at bank and in hand | 54/58 | €153,048 | €221,694 | +€68,646 | +44.9% |
| Deferred charges and accrued income | 490/1 | €29,355 | €41,804 | +€12,449 | +42.4% |
| Total equity and liabilities | 10/49 | €668,606 | €638,567 | -€30,038 | -4.5% |
| Equity | 10/15 | €137,677 | -€22,529 | -€160,206 | |
| Contributions | 10/11 | €110,000 | €110,000 | = | 0.0% |
| Reserves | 13 | €56,332 | €23,170 | -€33,162 | -58.9% |
| Non-distributable reserves | 130/1 | €3,485 | €3,485 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,485 | €3,485 | = | 0.0% |
| Tax-exempt reserves | 132 | €52,847 | €19,685 | -€33,162 | -62.8% |
| Profit (loss) carried forward | 14 | -€28,655 | -€155,699 | -€127,044 | -443% |
| Provisions and deferred taxes | 16 | €8,291 | - | -€8,291 | |
| Deferred taxes | 168 | €8,291 | - | -€8,291 | |
| Amounts payable | 17/49 | €522,638 | €661,097 | +€138,459 | +26.5% |
| Amounts payable after more than one year | 17 | €148,762 | €105,110 | -€43,652 | -29.3% |
| Financial debts | 170/4 | €148,762 | €105,110 | -€43,652 | -29.3% |
| Amounts payable within one year | 42/48 | €373,876 | €555,986 | +€182,110 | +48.7% |
| Current portion of amounts payable after more than one year | 42 | €50,224 | €47,271 | -€2,954 | -5.9% |
| Financial debts | 43 | €43 | - | -€43 | |
| Credit institutions | 430/8 | €43 | - | -€43 | |
| Trade debts | 44 | €238,227 | €434,782 | +€196,555 | +82.5% |
| Suppliers | 440/4 | €238,227 | €434,782 | +€196,555 | +82.5% |
| Taxes, remuneration and social security | 45 | €10,735 | €24,571 | +€13,836 | +129% |
| Taxes | 450/3 | €356 | €348 | -€7 | -2.1% |
| Remuneration and social security | 454/9 | €10,380 | €24,223 | +€13,843 | +133% |
| Other amounts payable | 47/48 | €74,647 | €49,362 | -€25,285 | -33.9% |
| Remuneration, social security and pensions | 62 | €145,865 | €163,195 | +€17,330 | +11.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €100,120 | €98,969 | -€1,151 | -1.1% |
| Other operating charges | 640/8 | €3,271 | €1,840 | -€1,432 | -43.8% |
| Gross operating margin | 9900 | €186,471 | €119,819 | -€66,651 | -35.7% |
| Operating profit (loss) | 9901 | -€62,785 | -€144,184 | -€81,399 | -130% |
| Financial income | 75/76B | €270 | €426 | +€156 | +57.7% |
| Recurring financial income | 75 | €270 | €426 | +€156 | +57.7% |
| Financial charges | 65/66B | €17,134 | €24,391 | +€7,257 | +42.4% |
| Recurring financial charges | 65 | €17,134 | €24,391 | +€7,257 | +42.4% |
| Profit (loss) for the period before taxes | 9903 | -€79,649 | -€168,148 | -€88,500 | -111% |
| Transfer from deferred taxes | 780 | €82,905 | €41,453 | -€41,453 | -50.0% |
| Income taxes | 67/77 | €356 | €348 | -€7 | -2.1% |
| Profit (loss) for the period | 9904 | €2,901 | -€127,044 | -€129,945 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,901 | -€127,044 | -€129,945 |
Source: filed annual accounts (NBB), financial years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.