TRIPLACO: 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.
What changed
TRIPLACO
NACE 16.210, Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€43,102
2024 · -€1.3m+€1.3m
Equity
€6.6m
2024 · €6.6m+€43,102
Cash
€52,636
2024 · €26,787+€25,849
Balance sheet total
€10.6m
2024 · €9.8m+€835,513
Largest movements
Assets
- Stocks and contracts +€625,266
up €625,266 (+9.9%), from €6.3m to €6.9m
- Receivables within one year +€262,391
up €262,391 (+9.0%), from €2.9m to €3.2m
of which Trade receivables: +€422,086
Equity and liabilities
- Other debts +€432,428
up €432,428 (+45.0%), from €960,007 to €1.4m
- Short-term financial debts +€250,000
new in 2025: €250,000
Income statement
- Goods and materials -€1.1m
down €1.1m (-7.3%), from €15.0m to €13.9m
of which Purchases: -€737,842
- Services and other goods -€881,759
down €881,759 (-12.1%), from €7.3m to €6.4m
- Turnover -€826,364
down €826,364 (-3.2%), from €25.7m to €24.9m
- Staff costs -€342,118
down €342,118 (-6.7%), from €5.1m to €4.8m
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.
Result 2024
-€1.3m
Turnover
-€826,364
Other operating income
-€11,455
Goods and materials
+€1.1m
Services and other goods
+€881,759
Staff costs
+€342,118
Depreciation
+€8,258
Write-downs
+€9,742
Provisions
-€37,588
Other operating charges
+€28,620
Other operating items
-€165,932
Financial income
-€14,104
Financial charges
-€3,790
Taxes
+€538
Result 2025
€43,102
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.
From operations
-€143,889
Investment
-€103,146
Financing
+€272,883
Cash 2024
€26,787
From operations (derived)
-€143,889
Net result for the year
+€43,102
Depreciation
+€184,996
Stocks and contracts
-€625,266
Receivables within one year
-€262,391
Deferred charges and accrued income
-€3,857
Provisions
+€28,389
Trade debts
+€4,796
Tax, wage and social debts
-€3,891
Advances received
+€57,732
Other debts
+€432,428
Accrued charges and deferred income
+€73
Investment (derived)
-€103,146
Investment in fixed assets (net)
-€103,146
Financing
+€272,883
Debts after one year
+€13,163
Current portion of long-term debt
+€9,721
Short-term financial debts
+€250,000
Cash 2025
€52,636
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,786,213 | €10,621,726 | +€835,513 | +8.5% |
| Fixed assets | 21/28 | €511,570 | €429,720 | -€81,850 | -16.0% |
| Tangible fixed assets | 22/27 | €511,315 | €429,465 | -€81,850 | -16.0% |
| Plant, machinery and equipment | 23 | €58,251 | €51,508 | -€6,743 | -11.6% |
| Furniture and vehicles | 24 | €425,340 | €326,313 | -€99,027 | -23.3% |
| Leasing and similar rights | 25 | €27,724 | €51,644 | +€23,920 | +86.3% |
| Financial fixed assets | 28 | €255 | €255 | = | 0.0% |
| Other financial fixed assets | 284/8 | €255 | €255 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €255 | €255 | = | 0.0% |
| Current assets | 29/58 | €9,274,643 | €10,192,006 | +€917,363 | +9.9% |
| Stocks and contracts in progress | 3 | €6,315,474 | €6,940,740 | +€625,266 | +9.9% |
| Stocks | 30/36 | €6,315,474 | €6,940,740 | +€625,266 | +9.9% |
| Raw materials and consumables | 30/31 | €660,797 | €895,721 | +€234,924 | +35.6% |
| Finished goods | 33 | €241,037 | €310,170 | +€69,132 | +28.7% |
| Goods purchased for resale | 34 | €5,413,640 | €5,734,849 | +€321,209 | +5.9% |
| Amounts receivable within one year | 40/41 | €2,925,728 | €3,188,119 | +€262,391 | +9.0% |
| Trade receivables | 40 | €2,704,843 | €3,126,929 | +€422,086 | +15.6% |
| Other amounts receivable | 41 | €220,884 | €61,189 | -€159,695 | -72.3% |
| Cash at bank and in hand | 54/58 | €26,787 | €52,636 | +€25,849 | +96.5% |
| Deferred charges and accrued income | 490/1 | €6,655 | €10,512 | +€3,857 | +58.0% |
| Total equity and liabilities | 10/49 | €9,786,213 | €10,621,726 | +€835,513 | +8.5% |
| Equity | 10/15 | €6,594,514 | €6,637,616 | +€43,102 | +0.7% |
| Contributions | 10/11 | €4,119,278 | €4,119,278 | = | 0.0% |
| Capital | 10 | €4,119,278 | €4,119,278 | = | 0.0% |
| Issued capital | 100 | €4,119,278 | €4,119,278 | = | 0.0% |
| Reserves | 13 | €3,734,659 | €3,734,659 | = | 0.0% |
| Non-distributable reserves | 130/1 | €424,040 | €424,040 | = | 0.0% |
| Legal reserve | 130 | €424,040 | €424,040 | = | 0.0% |
| Tax-exempt reserves | 132 | €536,942 | €536,942 | = | 0.0% |
| Distributable reserves | 133 | €2,773,677 | €2,773,677 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,259,423 | -€1,216,321 | +€43,102 | +3.4% |
| Provisions and deferred taxes | 16 | €9,744 | €38,133 | +€28,389 | +291.4% |
| Provisions for liabilities and charges | 160/5 | €9,744 | €38,133 | +€28,389 | +291.4% |
| Pensions and similar obligations | 160 | €9,744 | €38,133 | +€28,389 | +291.4% |
| Amounts payable | 17/49 | €3,181,955 | €3,945,977 | +€764,022 | +24.0% |
| Amounts payable after more than one year | 17 | €16,250 | €29,412 | +€13,163 | +81.0% |
| Financial debts | 170/4 | €16,250 | €29,412 | +€13,163 | +81.0% |
| Leasing and similar obligations | 172 | €16,250 | €29,412 | +€13,163 | +81.0% |
| Amounts payable within one year | 42/48 | €3,163,736 | €3,914,522 | +€750,786 | +23.7% |
| Current portion of amounts payable after more than one year | 42 | €9,155 | €18,876 | +€9,721 | +106.2% |
| Financial debts | 43 | - | €250,000 | +€250,000 | |
| Credit institutions | 430/8 | - | €250,000 | +€250,000 | |
| Trade debts | 44 | €1,477,993 | €1,482,789 | +€4,796 | +0.3% |
| Suppliers | 440/4 | €1,477,993 | €1,482,789 | +€4,796 | +0.3% |
| Advances received on contracts in progress | 46 | - | €57,732 | +€57,732 | |
| Taxes, remuneration and social security | 45 | €716,581 | €712,690 | -€3,891 | -0.5% |
| Taxes | 450/3 | €217,840 | €261,407 | +€43,567 | +20.0% |
| Remuneration and social security | 454/9 | €498,741 | €451,283 | -€47,458 | -9.5% |
| Other amounts payable | 47/48 | €960,007 | €1,392,435 | +€432,428 | +45.0% |
| Accrued charges and deferred income | 492/3 | €1,970 | €2,043 | +€73 | +3.7% |
| Operating income | 70/76A | €26,130,136 | €25,112,084 | -€1.0m | -3.9% |
| Turnover | 70 | €25,732,637 | €24,906,273 | -€826,364 | -3.2% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€48,186 | €70,696 | +€118,882 | |
| Other operating income | 74 | €142,727 | €131,272 | -€11,455 | -8.0% |
| Non-recurring operating income | 76A | €302,958 | €3,844 | -€299,114 | -98.7% |
| Operating charges | 60/66A | €27,662,894 | €25,324,962 | -€2.3m | -8.5% |
| Goods for resale, raw materials and consumables | 60 | €14,967,071 | €13,876,349 | -€1.1m | -7.3% |
| Purchases | 600/8 | €15,194,628 | €14,456,786 | -€737,842 | -4.9% |
| Change in stocks: decrease (increase) | 609 | -€227,557 | -€580,437 | -€352,880 | -155.1% |
| Services and other goods | 61 | €7,268,932 | €6,387,173 | -€881,759 | -12.1% |
| Remuneration, social security and pensions | 62 | €5,144,037 | €4,801,918 | -€342,118 | -6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €193,254 | €184,996 | -€8,258 | -4.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €42,457 | €32,715 | -€9,742 | -22.9% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€9,198 | €28,389 | +€37,588 | |
| Other operating charges | 640/8 | €42,042 | €13,422 | -€28,620 | -68.1% |
| Non-recurring operating charges | 66A | €14,301 | - | -€14,301 | |
| Operating profit (loss) | 9901 | -€1,532,759 | -€212,878 | +€1.3m | +86.1% |
| Financial income | 75/76B | €411,427 | €397,323 | -€14,104 | -3.4% |
| Recurring financial income | 75 | €411,427 | €397,323 | -€14,104 | -3.4% |
| Other financial income | 752/9 | €411,427 | €397,323 | -€14,104 | -3.4% |
| Financial charges | 65/66B | €132,534 | €136,324 | +€3,790 | +2.9% |
| Recurring financial charges | 65 | €132,534 | €136,324 | +€3,790 | +2.9% |
| Debt charges | 650 | €20,645 | €49,004 | +€28,359 | +137.4% |
| Other financial charges | 652/9 | €111,890 | €87,320 | -€24,569 | -22.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,253,866 | €48,121 | +€1.3m | |
| Income taxes | 67/77 | €5,557 | €5,019 | -€538 | -9.7% |
| Taxes | 670/3 | €5,656 | €5,019 | -€637 | -11.3% |
| Tax adjustments and reversals of tax provisions | 77 | €99 | - | -€99 | |
| Profit (loss) for the period | 9904 | -€1,259,423 | €43,102 | +€1.3m | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,259,423 | €43,102 | +€1.3m |
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 1 October 2026 via checked.be.