Triomphe 174: 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.
Triomphe 174
Largest movements
- Stocks and contracts +€3.2m
up €3.2m (+81.5%), from €3.9m to €7.0m
- Cash +€505,949
up €505,949 (+69.7%), from €725,840 to €1.2m
mainly Debts after one year (+€7.0m) and Other debts (+€1.1m)
- Receivables within one year +€367,825
up €367,825 (+27.9%), from €1.3m to €1.7m
of which Trade receivables: +€205,774
- Deferred charges and accrued income +€196,134
up €196,134 (+294.3%), from €66,639 to €262,773
- Debts after one year +€7.0m
up €7.0m (+35503.9%), from €19,581 to €7.0m
of which Financial debts: +€7.0m
- Current portion of long-term debt -€4.3m
down €4.3m (-86.0%), from €5.0m to €700,000
- Other debts +€1.1m
up €1.1m (+18.5%), from €6.0m to €7.1m
- Trade debts +€381,143
up €381,143 (+16.4%), from €2.3m to €2.7m
- Services and other goods +€262,802
up €262,802 (+69.2%), from €380,031 to €642,833
- Turnover -€104,256
down €104,256 (-6.7%), from €1.6m to €1.5m
- Financial income +€51,753
new in 2025: €51,753
- Financial charges +€43,607
up €43,607 (+17.0%), from €256,771 to €300,378
- Other operating charges +€20,588
up €20,588 (+4.1%), from €496,637 to €517,225
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 | €12,293,645 | €16,499,855 | +€4.2m | +34.2% |
| Fixed assets | 21/28 | €6,311,773 | €6,294,942 | -€16,831 | -0.3% |
| Tangible fixed assets | 22/27 | €6,311,773 | €6,294,942 | -€16,831 | -0.3% |
| Land and buildings | 22 | €5,654,550 | €5,427,197 | -€227,353 | -4.0% |
| Assets under construction and advance payments | 27 | €657,223 | €867,745 | +€210,522 | +32.0% |
| Current assets | 29/58 | €5,981,872 | €10,204,913 | +€4.2m | +70.6% |
| Stocks and contracts in progress | 3 | €3,869,131 | €7,022,264 | +€3.2m | +81.5% |
| Stocks | 30/36 | €3,869,131 | €7,022,264 | +€3.2m | +81.5% |
| Property held for sale | 35 | €3,869,131 | €7,022,264 | +€3.2m | +81.5% |
| Amounts receivable within one year | 40/41 | €1,320,262 | €1,688,087 | +€367,825 | +27.9% |
| Trade receivables | 40 | €370,790 | €576,564 | +€205,774 | +55.5% |
| Other amounts receivable | 41 | €949,472 | €1,111,523 | +€162,051 | +17.1% |
| Cash at bank and in hand | 54/58 | €725,840 | €1,231,789 | +€505,949 | +69.7% |
| Deferred charges and accrued income | 490/1 | €66,639 | €262,773 | +€196,134 | +294.3% |
| Total equity and liabilities | 10/49 | €12,293,645 | €16,499,855 | +€4.2m | +34.2% |
| Equity | 10/15 | -€1,407,902 | -€1,252,863 | +€155,039 | +11.0% |
| Contributions | 10/11 | €23,682,000 | €23,682,000 | = | 0.0% |
| Capital | 10 | €23,682,000 | €23,682,000 | = | 0.0% |
| Issued capital | 100 | €23,682,000 | €23,682,000 | = | 0.0% |
| Reserves | 13 | €2,178 | €2,178 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,178 | €2,178 | = | 0.0% |
| Legal reserve | 130 | €2,178 | €2,178 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,092,080 | -€24,937,041 | +€155,039 | +0.6% |
| Amounts payable | 17/49 | €13,701,547 | €17,752,718 | +€4.1m | +29.6% |
| Amounts payable after more than one year | 17 | €19,581 | €6,971,609 | +€7.0m | +35503.9% |
| Financial debts | 170/4 | - | €6,950,000 | +€7.0m | |
| Credit institutions | 173 | - | €6,950,000 | +€7.0m | |
| Other amounts payable | 178/9 | €19,581 | €21,609 | +€2,028 | +10.4% |
| Amounts payable within one year | 42/48 | €13,285,431 | €10,469,003 | -€2.8m | -21.2% |
| Current portion of amounts payable after more than one year | 42 | €5,000,000 | €700,000 | -€4.3m | -86.0% |
| Trade debts | 44 | €2,320,038 | €2,701,181 | +€381,143 | +16.4% |
| Suppliers | 440/4 | €2,320,038 | €2,701,181 | +€381,143 | +16.4% |
| Other amounts payable | 47/48 | €5,965,393 | €7,067,822 | +€1.1m | +18.5% |
| Accrued charges and deferred income | 492/3 | €396,535 | €312,106 | -€84,429 | -21.3% |
| Operating income | 70/76A | €1,940,421 | €1,834,640 | -€105,781 | -5.5% |
| Turnover | 70 | €1,557,080 | €1,452,824 | -€104,256 | -6.7% |
| Other operating income | 74 | €383,341 | €381,816 | -€1,525 | -0.4% |
| Operating charges | 60/66A | €1,133,726 | €1,415,451 | +€281,725 | +24.8% |
| Purchases | 600/8 | €1,492,475 | €3,153,133 | +€1.7m | +111.3% |
| Change in stocks: decrease (increase) | 609 | -€1,492,475 | -€3,153,133 | -€1.7m | -111.3% |
| Services and other goods | 61 | €380,031 | €642,833 | +€262,802 | +69.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €257,058 | €255,393 | -€1,665 | -0.6% |
| Other operating charges | 640/8 | €496,637 | €517,225 | +€20,588 | +4.1% |
| Operating profit (loss) | 9901 | €806,695 | €419,189 | -€387,506 | -48.0% |
| Financial income | 75/76B | - | €51,753 | +€51,753 | |
| Recurring financial income | 75 | - | €51,753 | +€51,753 | |
| Income from current assets | 751 | - | €51,752 | +€51,752 | |
| Other financial income | 752/9 | - | €1 | +€1 | |
| Financial charges | 65/66B | €256,771 | €300,378 | +€43,607 | +17.0% |
| Recurring financial charges | 65 | €256,771 | €300,378 | +€43,607 | +17.0% |
| Debt charges | 650 | €255,499 | €294,380 | +€38,881 | +15.2% |
| Other financial charges | 652/9 | €1,272 | €5,998 | +€4,726 | +371.5% |
| Profit (loss) for the period before taxes | 9903 | €549,924 | €170,564 | -€379,360 | -69.0% |
| Income taxes | 67/77 | - | €15,525 | +€15,525 | |
| Taxes | 670/3 | - | €15,525 | +€15,525 | |
| Profit (loss) for the period | 9904 | €549,924 | €155,039 | -€394,885 | -71.8% |
| Profit (loss) for the period to be appropriated | 9905 | €549,924 | €155,039 | -€394,885 | -71.8% |
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 6 October 2026 via checked.be.