TRINITY: 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.
TRINITY
Largest movements
- Receivables within one year -€36,930
down €36,930 (-98.8%), from €37,371 to €442
- Cash +€3,361
up €3,361 (+163.0%), from €2,062 to €5,423
mainly Receivables within one year (+€36,930) and Current portion of long-term debt (+€7,912)
- Other debts -€24,416
down €24,416 (-12.8%), from €190,503 to €166,087
- Debts after one year -€15,319
down €15,319 (-16.2%), from €94,581 to €79,261
- Current portion of long-term debt +€7,912
new in 2025: €7,912
- Profit (loss) carried forward -€5,722
down €5,722 (-5.1%), from -€111,365 to -€117,086
- Trade debts +€5,305
up €5,305 (+154.1%), from €3,443 to €8,748
- Financial charges +€1,533
up €1,533 (+27.1%), from €5,659 to €7,191
- Gross operating margin -€661
down €661 (-10.9%), from €6,038 to €5,377
- Staff costs -€560
down €560 (-100.0%), from €560 to €0
- Other operating charges +€388
up €388 (+200.8%), from €193 to €581
- Taxes +€176
new in 2025: €176
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 | €223,422 | €190,358 | -€33,064 | -14.8% |
| Fixed assets | 21/28 | €183,989 | €183,059 | -€930 | -0.5% |
| Tangible fixed assets | 22/27 | €183,989 | €183,059 | -€930 | -0.5% |
| Land and buildings | 22 | €178,541 | €178,541 | = | 0.0% |
| Plant, machinery and equipment | 23 | €2,575 | €2,728 | +€154 | +6.0% |
| Furniture and vehicles | 24 | €2,873 | €1,790 | -€1,083 | -37.7% |
| Current assets | 29/58 | €39,433 | €7,298 | -€32,135 | -81.5% |
| Amounts receivable within one year | 40/41 | €37,371 | €442 | -€36,930 | -98.8% |
| Other amounts receivable | 41 | €37,371 | €442 | -€36,930 | -98.8% |
| Cash at bank and in hand | 54/58 | €2,062 | €5,423 | +€3,361 | +163.0% |
| Deferred charges and accrued income | 490/1 | - | €1,433 | +€1,433 | |
| Total equity and liabilities | 10/49 | €223,422 | €190,358 | -€33,064 | -14.8% |
| Equity | 10/15 | -€66,105 | -€71,826 | -€5,722 | -8.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €32,860 | €32,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €31,000 | €31,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€111,365 | -€117,086 | -€5,722 | -5.1% |
| Amounts payable | 17/49 | €289,527 | €262,184 | -€27,343 | -9.4% |
| Amounts payable after more than one year | 17 | €94,581 | €79,261 | -€15,319 | -16.2% |
| Financial debts | 170/4 | €94,581 | €79,261 | -€15,319 | -16.2% |
| Amounts payable within one year | 42/48 | €194,946 | €182,923 | -€12,023 | -6.2% |
| Current portion of amounts payable after more than one year | 42 | - | €7,912 | +€7,912 | |
| Trade debts | 44 | €3,443 | €8,748 | +€5,305 | +154.1% |
| Suppliers | 440/4 | €3,443 | €8,748 | +€5,305 | +154.1% |
| Taxes, remuneration and social security | 45 | €1,000 | €176 | -€824 | -82.4% |
| Taxes | 450/3 | - | €176 | +€176 | |
| Remuneration and social security | 454/9 | €1,000 | €0 | -€1,000 | -100.0% |
| Other amounts payable | 47/48 | €190,503 | €166,087 | -€24,416 | -12.8% |
| Remuneration, social security and pensions | 62 | €560 | €0 | -€560 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,122 | €3,150 | +€28 | +0.9% |
| Other operating charges | 640/8 | €193 | €581 | +€388 | +200.8% |
| Gross operating margin | 9900 | €6,038 | €5,377 | -€661 | -10.9% |
| Operating profit (loss) | 9901 | €2,163 | €1,646 | -€517 | -23.9% |
| Financial charges | 65/66B | €5,659 | €7,191 | +€1,533 | +27.1% |
| Recurring financial charges | 65 | €5,659 | €7,191 | +€1,533 | +27.1% |
| Profit (loss) for the period before taxes | 9903 | -€3,496 | -€5,546 | -€2,049 | -58.6% |
| Income taxes | 67/77 | - | €176 | +€176 | |
| Profit (loss) for the period | 9904 | -€3,496 | -€5,722 | -€2,225 | -63.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,496 | -€5,722 | -€2,225 | -63.7% |
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 5 October 2026 via checked.be.