TRIO CONSULT: 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.
TRIO CONSULT
Largest movements
- Receivables within one year +€239,980
up €239,980 (+79.7%), from €301,124 to €541,103
of which Trade receivables: +€224,603
- Cash -€143,394
down €143,394 (-67.0%), from €214,112 to €70,718
mainly Short-term financial debts (-€300,000) and Receivables within one year (-€239,980)
- Financial fixed assets -€55,200
down €55,200 (-99.1%), from €55,700 to €500
- Tangible fixed assets +€35,957
up €35,957 (+81.3%), from €44,231 to €80,188
of which Plant, machinery and equipment: +€30,920
- Stocks and contracts +€24,920
up €24,920 (+5.3%), from €466,916 to €491,836
- Short-term financial debts -€300,000
down €300,000 (-37.5%), from €800,000 to €500,000
- Trade debts +€250,494
up €250,494 (+480%), from €52,186 to €302,680
- Debts after one year +€154,800
up €154,800 (+280%), from €55,200 to €210,000
- Other debts -€95,220
down €95,220 (-27.0%), from €353,186 to €257,967
- Profit (loss) carried forward +€88,085
up €88,085 (+36.0%), from -€244,451 to -€156,366
- Gross operating margin +€198,946
up €198,946, from -€25,931 to €173,015
- Financial charges -€30,893
down €30,893 (-42.1%), from €73,429 to €42,536
- Depreciation +€9,786
up €9,786 (+82.6%), from €11,842 to €21,627
- Staff costs +€9,614
new in 2025: €9,614
- Other operating charges -€6,074
down €6,074 (-67.7%), from €8,975 to €2,900
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 | €1,088,667 | €1,185,397 | +€96,731 | +8.9% |
| Fixed assets | 21/28 | €100,941 | €80,688 | -€20,254 | -20.1% |
| Intangible fixed assets | 21 | €1,010 | €0 | -€1,010 | -100% |
| Tangible fixed assets | 22/27 | €44,231 | €80,188 | +€35,957 | +81.3% |
| Plant, machinery and equipment | 23 | €4,569 | €35,490 | +€30,920 | +677% |
| Furniture and vehicles | 24 | €10,659 | €7,477 | -€3,183 | -29.9% |
| Other tangible fixed assets | 26 | €29,002 | €37,221 | +€8,219 | +28.3% |
| Financial fixed assets | 28 | €55,700 | €500 | -€55,200 | -99.1% |
| Current assets | 29/58 | €987,726 | €1,104,710 | +€116,984 | +11.8% |
| Stocks and contracts in progress | 3 | €466,916 | €491,836 | +€24,920 | +5.3% |
| Stocks | 30/36 | €466,916 | €491,836 | +€24,920 | +5.3% |
| Amounts receivable within one year | 40/41 | €301,124 | €541,103 | +€239,980 | +79.7% |
| Trade receivables | 40 | €301,124 | €525,727 | +€224,603 | +74.6% |
| Other amounts receivable | 41 | €0 | €15,377 | +€15,377 | |
| Cash at bank and in hand | 54/58 | €214,112 | €70,718 | -€143,394 | -67.0% |
| Deferred charges and accrued income | 490/1 | €5,574 | €1,052 | -€4,522 | -81.1% |
| Total equity and liabilities | 10/49 | €1,088,667 | €1,185,397 | +€96,731 | +8.9% |
| Equity | 10/15 | -€229,451 | -€141,366 | +€88,085 | +38.4% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€244,451 | -€156,366 | +€88,085 | +36.0% |
| Amounts payable | 17/49 | €1,318,117 | €1,326,763 | +€8,646 | +0.7% |
| Amounts payable after more than one year | 17 | €55,200 | €210,000 | +€154,800 | +280% |
| Financial debts | 170/4 | €55,200 | €210,000 | +€154,800 | +280% |
| Amounts payable within one year | 42/48 | €1,255,517 | €1,102,851 | -€152,665 | -12.2% |
| Financial debts | 43 | €800,000 | €500,000 | -€300,000 | -37.5% |
| Credit institutions | 430/8 | €800,000 | €500,000 | -€300,000 | -37.5% |
| Trade debts | 44 | €52,186 | €302,680 | +€250,494 | +480% |
| Suppliers | 440/4 | €52,186 | €302,680 | +€250,494 | +480% |
| Advances received on contracts in progress | 46 | €4,000 | €1,878 | -€2,122 | -53.1% |
| Taxes, remuneration and social security | 45 | €46,144 | €40,327 | -€5,817 | -12.6% |
| Taxes | 450/3 | €46,144 | €39,341 | -€6,803 | -14.7% |
| Remuneration and social security | 454/9 | - | €986 | +€986 | |
| Other amounts payable | 47/48 | €353,186 | €257,967 | -€95,220 | -27.0% |
| Accrued charges and deferred income | 492/3 | €7,401 | €13,912 | +€6,511 | +88.0% |
| Remuneration, social security and pensions | 62 | - | €9,614 | +€9,614 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,842 | €21,627 | +€9,786 | +82.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €709 | €0 | -€709 | -100% |
| Other operating charges | 640/8 | €8,975 | €2,900 | -€6,074 | -67.7% |
| Non-recurring operating charges | 66A | €30,759 | €8,571 | -€22,187 | -72.1% |
| Gross operating margin | 9900 | -€25,931 | €173,015 | +€198,946 | |
| Operating profit (loss) | 9901 | -€78,215 | €130,302 | +€208,517 | |
| Financial income | 75/76B | €4,963 | €460 | -€4,503 | -90.7% |
| Recurring financial income | 75 | €4,963 | €460 | -€4,503 | -90.7% |
| Financial charges | 65/66B | €73,429 | €42,536 | -€30,893 | -42.1% |
| Recurring financial charges | 65 | €73,429 | €42,536 | -€30,893 | -42.1% |
| Profit (loss) for the period before taxes | 9903 | -€146,681 | €88,226 | +€234,907 | |
| Income taxes | 67/77 | - | €141 | +€141 | |
| Profit (loss) for the period | 9904 | -€146,681 | €88,085 | +€234,766 | |
| Profit (loss) for the period to be appropriated | 9905 | -€146,681 | €88,085 | +€234,766 |
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 15 October 2026 via checked.be.