TRIO'S: 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'S
Largest movements
- Receivables within one year -€57,186
down €57,186 (-16.2%), from €353,384 to €296,198
- Cash +€12,979
up €12,979 (+164%), from €7,895 to €20,874
mainly Receivables within one year (+€57,186) and Tax, wage and social debts (+€21,327)
- Profit (loss) carried forward -€21,540
down €21,540, from €5,937 to -€15,604
- Tax, wage and social debts +€21,327
up €21,327 (+14.0%), from €152,467 to €173,794
of which Taxes: +€18,653
- Other debts -€18,750
no longer reported in 2025 (was €18,750)
- Trade debts -€15,239
down €15,239 (-13.0%), from €117,216 to €101,977
- Current portion of long-term debt -€10,393
down €10,393 (-66.1%), from €15,723 to €5,330
- Other operating charges +€20,906
up €20,906 (+249%), from €8,387 to €29,293
- Taxes -€17,853
down €17,853 (-96.2%), from €18,552 to €699
- Gross operating margin -€7,042
down €7,042 (-5.9%), from €118,970 to €111,928
- Staff costs +€3,624
up €3,624 (+7.7%), from €47,158 to €50,783
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 | €535,232 | €493,683 | -€41,549 | -7.8% |
| Fixed assets | 21/28 | €70,600 | €67,125 | -€3,475 | -4.9% |
| Tangible fixed assets | 22/27 | €70,407 | €66,932 | -€3,475 | -4.9% |
| Land and buildings | 22 | €70,407 | €66,932 | -€3,475 | -4.9% |
| Financial fixed assets | 28 | €194 | €194 | = | 0.0% |
| Current assets | 29/58 | €464,632 | €426,558 | -€38,074 | -8.2% |
| Stocks and contracts in progress | 3 | €84,932 | €89,240 | +€4,308 | +5.1% |
| Stocks | 30/36 | €84,932 | €89,240 | +€4,308 | +5.1% |
| Amounts receivable within one year | 40/41 | €353,384 | €296,198 | -€57,186 | -16.2% |
| Other amounts receivable | 41 | €353,384 | €296,198 | -€57,186 | -16.2% |
| Cash at bank and in hand | 54/58 | €7,895 | €20,874 | +€12,979 | +164% |
| Deferred charges and accrued income | 490/1 | €18,422 | €20,247 | +€1,825 | +9.9% |
| Total equity and liabilities | 10/49 | €535,232 | €493,683 | -€41,549 | -7.8% |
| Equity | 10/15 | €158,075 | €136,534 | -€21,540 | -13.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €133,546 | €133,546 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | - | -€1,859 | |
| Reserves not available under the articles | 1311 | €1,859 | - | -€1,859 | |
| Tax-exempt reserves | 132 | €72,039 | €72,039 | = | 0.0% |
| Distributable reserves | 133 | €59,648 | €61,508 | +€1,859 | +3.1% |
| Profit (loss) carried forward | 14 | €5,937 | -€15,604 | -€21,540 | |
| Amounts payable | 17/49 | €377,157 | €357,149 | -€20,008 | -5.3% |
| Amounts payable after more than one year | 17 | €5,330 | - | -€5,330 | |
| Financial debts | 170/4 | €5,330 | - | -€5,330 | |
| Amounts payable within one year | 42/48 | €369,616 | €354,986 | -€14,630 | -4.0% |
| Current portion of amounts payable after more than one year | 42 | €15,723 | €5,330 | -€10,393 | -66.1% |
| Financial debts | 43 | €65,460 | €73,885 | +€8,425 | +12.9% |
| Credit institutions | 430/8 | €65,460 | €73,885 | +€8,425 | +12.9% |
| Trade debts | 44 | €117,216 | €101,977 | -€15,239 | -13.0% |
| Suppliers | 440/4 | €117,216 | €101,977 | -€15,239 | -13.0% |
| Taxes, remuneration and social security | 45 | €152,467 | €173,794 | +€21,327 | +14.0% |
| Taxes | 450/3 | €142,501 | €161,154 | +€18,653 | +13.1% |
| Remuneration and social security | 454/9 | €9,966 | €12,640 | +€2,674 | +26.8% |
| Other amounts payable | 47/48 | €18,750 | - | -€18,750 | |
| Accrued charges and deferred income | 492/3 | €2,211 | €2,163 | -€48 | -2.2% |
| Remuneration, social security and pensions | 62 | €47,158 | €50,783 | +€3,624 | +7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,184 | €3,475 | -€709 | -16.9% |
| Other operating charges | 640/8 | €8,387 | €29,293 | +€20,906 | +249% |
| Non-recurring operating charges | 66A | - | €39,504 | +€39,504 | |
| Gross operating margin | 9900 | €118,970 | €111,928 | -€7,042 | -5.9% |
| Operating profit (loss) | 9901 | €59,241 | -€11,126 | -€70,366 | |
| Financial income | 75/76B | €334 | €811 | +€477 | +143% |
| Recurring financial income | 75 | €334 | €811 | +€477 | +143% |
| Financial charges | 65/66B | €10,573 | €10,527 | -€47 | -0.4% |
| Recurring financial charges | 65 | €10,573 | €10,527 | -€47 | -0.4% |
| Profit (loss) for the period before taxes | 9903 | €49,001 | -€20,842 | -€69,843 | |
| Income taxes | 67/77 | €18,552 | €699 | -€17,853 | -96.2% |
| Profit (loss) for the period | 9904 | €30,449 | -€21,540 | -€51,990 | |
| Profit (loss) for the period to be appropriated | 9905 | €30,449 | -€21,540 | -€51,990 |
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 16 October 2026 via checked.be.