TRINITUS: 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.
TRINITUS
Largest movements
- Cash -€26,389
down €26,389 (-75.6%), from €34,890 to €8,502
mainly Debts after one year (-€64,036) and Trade debts (-€29,650)
- Receivables within one year +€15,424
up €15,424 (+15.9%), from €97,086 to €112,511
- Deferred charges and accrued income -€7,470
down €7,470 (-79.6%), from €9,390 to €1,920
- Debts after one year -€64,036
down €64,036 (-35.0%), from €182,826 to €118,790
- Current portion of long-term debt +€36,784
up €36,784 (+821%), from €4,481 to €41,265
- Trade debts -€29,650
down €29,650 (-22.6%), from €131,063 to €101,413
- Profit (loss) carried forward +€22,965
up €22,965 (+12.1%), from -€189,313 to -€166,348
- Tax, wage and social debts +€6,126
up €6,126 (+29.1%), from €21,057 to €27,183
of which Taxes: +€6,831
- Gross operating margin +€38,042
up €38,042 (+35.1%), from €108,525 to €146,567
- Other operating charges +€6,142
up €6,142 (+120%), from €5,128 to €11,270
- Staff costs -€5,629
down €5,629 (-7.5%), from €75,440 to €69,811
- Financial charges +€2,964
up €2,964 (+13.2%), from €22,479 to €25,443
- Depreciation -€1,671
down €1,671 (-8.8%), from €18,992 to €17,321
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 | €524,788 | €502,069 | -€22,718 | -4.3% |
| Fixed assets | 21/28 | €40,111 | €38,790 | -€1,321 | -3.3% |
| Intangible fixed assets | 21 | €15,135 | €15,596 | +€461 | +3.0% |
| Tangible fixed assets | 22/27 | €23,576 | €21,794 | -€1,782 | -7.6% |
| Plant, machinery and equipment | 23 | €22,736 | €21,294 | -€1,442 | -6.3% |
| Furniture and vehicles | 24 | €0 | €291 | +€291 | |
| Other tangible fixed assets | 26 | €840 | €209 | -€631 | -75.1% |
| Financial fixed assets | 28 | €1,400 | €1,400 | = | 0.0% |
| Current assets | 29/58 | €484,677 | €463,279 | -€21,397 | -4.4% |
| Stocks and contracts in progress | 3 | €343,310 | €340,347 | -€2,963 | -0.9% |
| Stocks | 30/36 | €343,310 | €340,347 | -€2,963 | -0.9% |
| Amounts receivable within one year | 40/41 | €97,086 | €112,511 | +€15,424 | +15.9% |
| Trade receivables | 40 | €97,086 | €112,511 | +€15,424 | +15.9% |
| Cash at bank and in hand | 54/58 | €34,890 | €8,502 | -€26,389 | -75.6% |
| Deferred charges and accrued income | 490/1 | €9,390 | €1,920 | -€7,470 | -79.6% |
| Total equity and liabilities | 10/49 | €524,788 | €502,069 | -€22,718 | -4.3% |
| Equity | 10/15 | €72,287 | €95,252 | +€22,965 | +31.8% |
| Contributions | 10/11 | €261,600 | €261,600 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€189,313 | -€166,348 | +€22,965 | +12.1% |
| Amounts payable | 17/49 | €452,501 | €406,818 | -€45,683 | -10.1% |
| Amounts payable after more than one year | 17 | €182,826 | €118,790 | -€64,036 | -35.0% |
| Financial debts | 170/4 | €182,826 | €118,790 | -€64,036 | -35.0% |
| Amounts payable within one year | 42/48 | €256,674 | €270,285 | +€13,610 | +5.3% |
| Current portion of amounts payable after more than one year | 42 | €4,481 | €41,265 | +€36,784 | +821% |
| Financial debts | 43 | €100,000 | €100,000 | = | 0.0% |
| Credit institutions | 430/8 | €100,000 | €100,000 | = | 0.0% |
| Trade debts | 44 | €131,063 | €101,413 | -€29,650 | -22.6% |
| Suppliers | 440/4 | €131,063 | €101,413 | -€29,650 | -22.6% |
| Taxes, remuneration and social security | 45 | €21,057 | €27,183 | +€6,126 | +29.1% |
| Taxes | 450/3 | €7,465 | €14,296 | +€6,831 | +91.5% |
| Remuneration and social security | 454/9 | €13,592 | €12,887 | -€705 | -5.2% |
| Other amounts payable | 47/48 | €74 | €424 | +€350 | +473% |
| Accrued charges and deferred income | 492/3 | €13,000 | €17,743 | +€4,743 | +36.5% |
| Non-recurring operating income | 76A | - | €55,852 | +€55,852 | |
| Remuneration, social security and pensions | 62 | €75,440 | €69,811 | -€5,629 | -7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,992 | €17,321 | -€1,671 | -8.8% |
| Other operating charges | 640/8 | €5,128 | €11,270 | +€6,142 | +120% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €108,525 | €146,567 | +€38,042 | +35.1% |
| Operating profit (loss) | 9901 | €8,964 | €48,165 | +€39,201 | +437% |
| Financial income | 75/76B | €0 | €243 | +€243 | |
| Recurring financial income | 75 | €0 | €243 | +€243 | |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €22,479 | €25,443 | +€2,964 | +13.2% |
| Recurring financial charges | 65 | €22,479 | €25,443 | +€2,964 | +13.2% |
| Profit (loss) for the period before taxes | 9903 | -€13,514 | €22,965 | +€36,479 | |
| Profit (loss) for the period | 9904 | -€13,514 | €22,965 | +€36,479 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,514 | €22,965 | +€36,479 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.