TRIP44: 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.
TRIP44
Largest movements
- Tangible fixed assets -€53,594
down €53,594 (-3.3%), from €1.6m to €1.6m
of which Land and buildings: -€40,586
- Cash +€18,247
up €18,247 (+191%), from €9,549 to €27,797
mainly Net result for the year (+€82,061) and Depreciation (+€61,825)
- Debts after one year -€115,394
down €115,394 (-14.9%), from €774,653 to €659,259
- Reserves +€82,061
up €82,061 (+14.9%), from €551,981 to €634,041
of which Distributable reserves: +€95,025
- Accrued charges and deferred income -€19,087
down €19,087 (-78.2%), from €24,407 to €5,319
- Other operating charges -€17,858
down €17,858 (-38.6%), from €46,212 to €28,354
- Financial charges -€14,580
down €14,580 (-31.5%), from €46,223 to €31,644
- Taxes +€9,562
up €9,562 (+38.7%), from €24,730 to €34,292
- Gross operating margin +€9,372
up €9,372 (+4.2%), from €224,481 to €233,853
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 | €1,651,905 | €1,609,155 | -€42,750 | -2.6% |
| Fixed assets | 21/28 | €1,625,083 | €1,571,490 | -€53,594 | -3.3% |
| Tangible fixed assets | 22/27 | €1,625,083 | €1,571,490 | -€53,594 | -3.3% |
| Land and buildings | 22 | €1,568,317 | €1,527,730 | -€40,586 | -2.6% |
| Plant, machinery and equipment | 23 | €56,766 | €43,759 | -€13,007 | -22.9% |
| Current assets | 29/58 | €26,822 | €37,665 | +€10,843 | +40.4% |
| Amounts receivable within one year | 40/41 | €17,272 | €9,868 | -€7,404 | -42.9% |
| Trade receivables | 40 | €4,867 | €1,322 | -€3,544 | -72.8% |
| Other amounts receivable | 41 | €12,406 | €8,546 | -€3,860 | -31.1% |
| Cash at bank and in hand | 54/58 | €9,549 | €27,797 | +€18,247 | +191% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €1,651,905 | €1,609,155 | -€42,750 | -2.6% |
| Equity | 10/15 | €570,581 | €652,641 | +€82,061 | +14.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €551,981 | €634,041 | +€82,061 | +14.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €139,336 | €126,371 | -€12,965 | -9.3% |
| Distributable reserves | 133 | €412,645 | €507,670 | +€95,025 | +23.0% |
| Provisions and deferred taxes | 16 | €54,700 | €50,379 | -€4,322 | -7.9% |
| Deferred taxes | 168 | €54,700 | €50,379 | -€4,322 | -7.9% |
| Amounts payable | 17/49 | €1,026,624 | €906,134 | -€120,489 | -11.7% |
| Amounts payable after more than one year | 17 | €774,653 | €659,259 | -€115,394 | -14.9% |
| Financial debts | 170/4 | €774,653 | €659,259 | -€115,394 | -14.9% |
| Amounts payable within one year | 42/48 | €227,564 | €241,556 | +€13,992 | +6.1% |
| Current portion of amounts payable after more than one year | 42 | €112,928 | €115,394 | +€2,465 | +2.2% |
| Trade debts | 44 | €88,164 | €89,073 | +€910 | +1.0% |
| Suppliers | 440/4 | €88,164 | €89,073 | +€910 | +1.0% |
| Taxes, remuneration and social security | 45 | €25,661 | €35,281 | +€9,621 | +37.5% |
| Taxes | 450/3 | €25,661 | €35,281 | +€9,621 | +37.5% |
| Other amounts payable | 47/48 | €811 | €1,807 | +€996 | +123% |
| Accrued charges and deferred income | 492/3 | €24,407 | €5,319 | -€19,087 | -78.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,339 | €61,825 | +€486 | +0.8% |
| Other operating charges | 640/8 | €46,212 | €28,354 | -€17,858 | -38.6% |
| Gross operating margin | 9900 | €224,481 | €233,853 | +€9,372 | +4.2% |
| Operating profit (loss) | 9901 | €116,930 | €143,674 | +€26,745 | +22.9% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €46,223 | €31,644 | -€14,580 | -31.5% |
| Recurring financial charges | 65 | €46,223 | €31,644 | -€14,580 | -31.5% |
| Profit (loss) for the period before taxes | 9903 | €70,706 | €112,031 | +€41,324 | +58.4% |
| Transfer from deferred taxes | 780 | €4,322 | €4,322 | = | 0.0% |
| Income taxes | 67/77 | €24,730 | €34,292 | +€9,562 | +38.7% |
| Profit (loss) for the period | 9904 | €50,298 | €82,061 | +€31,763 | +63.1% |
| Transfer from tax-exempt reserves | 789 | €12,965 | €12,965 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €63,262 | €95,025 | +€31,763 | +50.2% |
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 16 October 2026 via checked.be.