TRINITY 10: 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.
TRINITY 10
Largest movements
- Intangible fixed assets -€22,900
down €22,900 (-12.2%), from €187,523 to €164,623
- Tangible fixed assets -€22,157
down €22,157 (-12.7%), from €174,672 to €152,515
of which Other tangible fixed assets: -€13,805
- Receivables within one year +€12,666
up €12,666 (+360%), from €3,516 to €16,183
- Cash -€7,810
down €7,810 (-32.4%), from €24,078 to €16,268
mainly Net result for the year (-€80,358) and Receivables within one year (-€12,666)
- Profit (loss) carried forward -€80,358
down €80,358 (-28.9%), from -€278,488 to -€358,846
- Other debts +€25,906
up €25,906 (+83.5%), from €31,038 to €56,944
- Trade debts +€8,584
up €8,584 (+37.9%), from €22,670 to €31,254
- Tax, wage and social debts +€7,714
up €7,714 (+28.1%), from €27,457 to €35,172
of which Remuneration and social security: +€7,352
- Gross operating margin +€64,364
up €64,364 (+204%), from €31,627 to €95,991
- Staff costs +€40,538
up €40,538 (+48.0%), from €84,542 to €125,080
- Financial charges -€5,445
down €5,445 (-50.5%), from €10,778 to €5,332
of which Non-recurring financial charges: -€5,762
- Other operating charges -€1,050
down €1,050 (-54.4%), from €1,930 to €880
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 | €409,870 | €366,999 | -€42,871 | -10.5% |
| Fixed assets | 21/28 | €362,195 | €317,138 | -€45,057 | -12.4% |
| Intangible fixed assets | 21 | €187,523 | €164,623 | -€22,900 | -12.2% |
| Tangible fixed assets | 22/27 | €174,672 | €152,515 | -€22,157 | -12.7% |
| Furniture and vehicles | 24 | €50,572 | €43,300 | -€7,272 | -14.4% |
| Leasing and similar rights | 25 | €4,043 | €2,963 | -€1,080 | -26.7% |
| Other tangible fixed assets | 26 | €120,057 | €106,252 | -€13,805 | -11.5% |
| Current assets | 29/58 | €47,675 | €49,861 | +€2,186 | +4.6% |
| Stocks and contracts in progress | 3 | €18,500 | €15,350 | -€3,150 | -17.0% |
| Stocks | 30/36 | €18,500 | €15,350 | -€3,150 | -17.0% |
| Amounts receivable within one year | 40/41 | €3,516 | €16,183 | +€12,666 | +360% |
| Trade receivables | 40 | €3,516 | €16,183 | +€12,666 | +360% |
| Cash at bank and in hand | 54/58 | €24,078 | €16,268 | -€7,810 | -32.4% |
| Deferred charges and accrued income | 490/1 | €1,582 | €2,061 | +€479 | +30.3% |
| Total equity and liabilities | 10/49 | €409,870 | €366,999 | -€42,871 | -10.5% |
| Equity | 10/15 | €191,484 | €108,630 | -€82,854 | -43.3% |
| Contributions | 10/11 | €450,000 | €450,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€278,488 | -€358,846 | -€80,358 | -28.9% |
| Investment grants | 15 | €19,973 | €17,476 | -€2,497 | -12.5% |
| Amounts payable | 17/49 | €218,386 | €258,369 | +€39,983 | +18.3% |
| Amounts payable after more than one year | 17 | €135,000 | €135,000 | = | 0.0% |
| Financial debts | 170/4 | €135,000 | €135,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €83,386 | €123,369 | +€39,983 | +47.9% |
| Current portion of amounts payable after more than one year | 42 | €2,221 | - | -€2,221 | |
| Trade debts | 44 | €22,670 | €31,254 | +€8,584 | +37.9% |
| Suppliers | 440/4 | €22,670 | €31,254 | +€8,584 | +37.9% |
| Taxes, remuneration and social security | 45 | €27,457 | €35,172 | +€7,714 | +28.1% |
| Taxes | 450/3 | €7,859 | €8,222 | +€362 | +4.6% |
| Remuneration and social security | 454/9 | €19,598 | €26,950 | +€7,352 | +37.5% |
| Other amounts payable | 47/48 | €31,038 | €56,944 | +€25,906 | +83.5% |
| Remuneration, social security and pensions | 62 | €84,542 | €125,080 | +€40,538 | +48.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,788 | €45,057 | +€269 | +0.6% |
| Other operating charges | 640/8 | €1,930 | €880 | -€1,050 | -54.4% |
| Gross operating margin | 9900 | €31,627 | €95,991 | +€64,364 | +204% |
| Operating profit (loss) | 9901 | -€99,633 | -€75,026 | +€24,607 | +24.7% |
| Financial income | 75/76B | €8 | - | -€8 | |
| Recurring financial income | 75 | €8 | - | -€8 | |
| Financial charges | 65/66B | €10,778 | €5,332 | -€5,445 | -50.5% |
| Recurring financial charges | 65 | €5,016 | €5,332 | +€317 | +6.3% |
| Non-recurring financial charges | 66B | €5,762 | - | -€5,762 | |
| Profit (loss) for the period before taxes | 9903 | -€110,402 | -€80,358 | +€30,045 | +27.2% |
| Profit (loss) for the period | 9904 | -€110,402 | -€80,358 | +€30,045 | +27.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€110,402 | -€80,358 | +€30,045 | +27.2% |
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 28 October 2026 via checked.be.