TRIOR Nivelles: 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.
TRIOR Nivelles
Largest movements
- Tangible fixed assets +€92,855
up €92,855 (+429%), from €21,651 to €114,507
of which Other tangible fixed assets: +€82,175
- Cash -€76,948
down €76,948 (-14.3%), from €539,403 to €462,454
mainly Investment in fixed assets (net) (-€103,668) and Other debts (-€69,239)
- Receivables within one year +€16,667
up €16,667 (+22.8%), from €73,083 to €89,750
of which Trade receivables: +€28,589
- Trade debts +€71,652
up €71,652 (+209%), from €34,274 to €105,926
- Other debts -€69,239
down €69,239 (-85.2%), from €81,239 to €12,000
- Debts after one year +€32,088
up €32,088 (+460%), from €6,974 to €39,062
- Advances received -€15,023
down €15,023 (-3.0%), from €492,565 to €477,542
- Accrued charges and deferred income +€11,112
new in 2025: €11,112
- Gross operating margin -€44,563
down €44,563 (-30.0%), from €148,630 to €104,067
- Staff costs +€8,685
up €8,685 (+18.5%), from €46,933 to €55,618
- Depreciation +€6,237
up €6,237 (+58.2%), from €10,725 to €16,963
- Other operating charges +€2,076
up €2,076 (+66.7%), from €3,114 to €5,189
- Taxes -€2,034
down €2,034 (-46.1%), from €4,410 to €2,376
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 | €673,566 | €699,272 | +€25,705 | +3.8% |
| Fixed assets | 21/28 | €58,534 | €145,240 | +€86,705 | +148% |
| Intangible fixed assets | 21 | €36,883 | €30,733 | -€6,150 | -16.7% |
| Tangible fixed assets | 22/27 | €21,651 | €114,507 | +€92,855 | +429% |
| Furniture and vehicles | 24 | €21,651 | €32,331 | +€10,680 | +49.3% |
| Other tangible fixed assets | 26 | - | €82,175 | +€82,175 | |
| Current assets | 29/58 | €615,032 | €554,032 | -€61,000 | -9.9% |
| Amounts receivable within one year | 40/41 | €73,083 | €89,750 | +€16,667 | +22.8% |
| Trade receivables | 40 | €31,891 | €60,480 | +€28,589 | +89.6% |
| Other amounts receivable | 41 | €41,193 | €29,270 | -€11,923 | -28.9% |
| Cash at bank and in hand | 54/58 | €539,403 | €462,454 | -€76,948 | -14.3% |
| Deferred charges and accrued income | 490/1 | €2,546 | €1,828 | -€718 | -28.2% |
| Total equity and liabilities | 10/49 | €673,566 | €699,272 | +€25,705 | +3.8% |
| Equity | 10/15 | €39,678 | €43,137 | +€3,459 | +8.7% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,678 | €28,137 | +€3,459 | +14.0% |
| Amounts payable | 17/49 | €633,888 | €656,135 | +€22,246 | +3.5% |
| Amounts payable after more than one year | 17 | €6,974 | €39,062 | +€32,088 | +460% |
| Financial debts | 170/4 | €6,974 | €39,062 | +€32,088 | +460% |
| Amounts payable within one year | 42/48 | €626,914 | €605,961 | -€20,953 | -3.3% |
| Current portion of amounts payable after more than one year | 42 | €4,654 | €6,348 | +€1,694 | +36.4% |
| Trade debts | 44 | €34,274 | €105,926 | +€71,652 | +209% |
| Suppliers | 440/4 | €34,274 | €105,926 | +€71,652 | +209% |
| Advances received on contracts in progress | 46 | €492,565 | €477,542 | -€15,023 | -3.0% |
| Taxes, remuneration and social security | 45 | €14,182 | €4,145 | -€10,038 | -70.8% |
| Taxes | 450/3 | €11,188 | €2,286 | -€8,902 | -79.6% |
| Remuneration and social security | 454/9 | €2,995 | €1,859 | -€1,136 | -37.9% |
| Other amounts payable | 47/48 | €81,239 | €12,000 | -€69,239 | -85.2% |
| Accrued charges and deferred income | 492/3 | - | €11,112 | +€11,112 | |
| Non-recurring operating income | 76A | €3,462 | €0 | -€3,462 | -100% |
| Remuneration, social security and pensions | 62 | €46,933 | €55,618 | +€8,685 | +18.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,725 | €16,963 | +€6,237 | +58.2% |
| Other operating charges | 640/8 | €3,114 | €5,189 | +€2,076 | +66.7% |
| Non-recurring operating charges | 66A | €343 | €5,712 | +€5,369 | +1,565% |
| Gross operating margin | 9900 | €148,630 | €104,067 | -€44,563 | -30.0% |
| Operating profit (loss) | 9901 | €87,515 | €20,585 | -€66,930 | -76.5% |
| Financial income | 75/76B | €16 | €0 | -€16 | -100% |
| Recurring financial income | 75 | €16 | €0 | -€16 | -100% |
| Financial charges | 65/66B | €1,690 | €2,750 | +€1,060 | +62.7% |
| Recurring financial charges | 65 | €1,690 | €2,750 | +€1,060 | +62.7% |
| Profit (loss) for the period before taxes | 9903 | €85,840 | €17,835 | -€68,006 | -79.2% |
| Income taxes | 67/77 | €4,410 | €2,376 | -€2,034 | -46.1% |
| Profit (loss) for the period | 9904 | €81,431 | €15,459 | -€65,972 | -81.0% |
| Profit (loss) for the period to be appropriated | 9905 | €81,431 | €15,459 | -€65,972 | -81.0% |
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 21 October 2026 via checked.be.