TRIPLE A: 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.
TRIPLE A
Largest movements
- Cash +€2.3m
up €2.3m (+2,885%), from €78,764 to €2.4m
mainly Current investments (+€2.0m) and Provisions (+€219,703)
- Current investments -€2.0m
down €2.0m (-100%), from €2.0m to €0
- Tangible fixed assets -€93,389
down €93,389 (-44.4%), from €210,475 to €117,086
of which Land and buildings: -€71,837
- Provisions +€219,703
new in 2025: €219,703
- Other debts -€213,857
no longer reported in 2025 (was €213,857)
- Reserves +€166,260
up €166,260 (+24.0%), from €692,563 to €858,823
of which Distributable reserves: +€168,120
- Taxes -€107,017
down €107,017 (-57.6%), from €185,677 to €78,660
- Gross operating margin -€33,472
down €33,472 (-10.0%), from €335,243 to €301,771
- Depreciation -€28,080
down €28,080 (-23.1%), from €121,469 to €93,389
- Other operating charges -€17,598
down €17,598 (-85.6%), from €20,546 to €2,948
- Financial income -€17,146
down €17,146 (-26.3%), from €65,287 to €48,141
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 | €2,344,516 | €2,510,642 | +€166,126 | +7.1% |
| Fixed assets | 21/28 | €221,908 | €120,119 | -€101,789 | -45.9% |
| Tangible fixed assets | 22/27 | €210,475 | €117,086 | -€93,389 | -44.4% |
| Land and buildings | 22 | €149,661 | €77,824 | -€71,837 | -48.0% |
| Plant, machinery and equipment | 23 | €6,682 | €4,455 | -€2,227 | -33.3% |
| Furniture and vehicles | 24 | €54,132 | €34,807 | -€19,325 | -35.7% |
| Financial fixed assets | 28 | €11,433 | €3,033 | -€8,400 | -73.5% |
| Current assets | 29/58 | €2,122,608 | €2,390,523 | +€267,915 | +12.6% |
| Amounts receivable after more than one year | 29 | - | €16,273 | +€16,273 | |
| Other amounts receivable | 291 | - | €16,273 | +€16,273 | |
| Amounts receivable within one year | 40/41 | €43,844 | €21,907 | -€21,937 | -50.0% |
| Trade receivables | 40 | €13,794 | €13,794 | = | 0.0% |
| Other amounts receivable | 41 | €30,050 | €8,113 | -€21,937 | -73.0% |
| Current investments | 50/53 | €2,000,000 | €0 | -€2.0m | -100% |
| Cash at bank and in hand | 54/58 | €78,764 | €2,350,762 | +€2.3m | +2,885% |
| Deferred charges and accrued income | 490/1 | - | €1,581 | +€1,581 | |
| Total equity and liabilities | 10/49 | €2,344,516 | €2,510,642 | +€166,126 | +7.1% |
| Equity | 10/15 | €2,123,031 | €2,289,291 | +€166,260 | +7.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Capital | 10 | €12,400 | - | -€12,400 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Uncalled capital | 101 | €6,200 | - | -€6,200 | |
| Reserves | 13 | €692,563 | €858,823 | +€166,260 | +24.0% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | - | €0 | = | |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €671,953 | €840,073 | +€168,120 | +25.0% |
| Profit (loss) carried forward | 14 | €1,418,068 | €1,418,068 | +€0 | 0.0% |
| Provisions and deferred taxes | 16 | - | €219,703 | +€219,703 | |
| Provisions for liabilities and charges | 160/5 | - | €219,703 | +€219,703 | |
| Pensions and similar obligations | 160 | - | €219,703 | +€219,703 | |
| Amounts payable | 17/49 | €221,485 | €1,648 | -€219,837 | -99.3% |
| Amounts payable within one year | 42/48 | €221,485 | €1,648 | -€219,837 | -99.3% |
| Trade debts | 44 | €6,689 | €411 | -€6,278 | -93.9% |
| Suppliers | 440/4 | €6,689 | €411 | -€6,278 | -93.9% |
| Taxes, remuneration and social security | 45 | €939 | €1,236 | +€297 | +31.7% |
| Taxes | 450/3 | €939 | €1,236 | +€297 | +31.7% |
| Other amounts payable | 47/48 | €213,857 | - | -€213,857 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €121,469 | €93,389 | -€28,080 | -23.1% |
| Other operating charges | 640/8 | €20,546 | €2,948 | -€17,598 | -85.6% |
| Non-recurring operating charges | 66A | - | €8,400 | +€8,400 | |
| Gross operating margin | 9900 | €335,243 | €301,771 | -€33,472 | -10.0% |
| Operating profit (loss) | 9901 | €193,228 | €197,033 | +€3,805 | +2.0% |
| Financial income | 75/76B | €65,287 | €48,141 | -€17,146 | -26.3% |
| Recurring financial income | 75 | €65,287 | €48,141 | -€17,146 | -26.3% |
| Financial charges | 65/66B | €172 | €254 | +€82 | +47.9% |
| Recurring financial charges | 65 | €172 | €254 | +€82 | +47.9% |
| Profit (loss) for the period before taxes | 9903 | €258,343 | €244,920 | -€13,423 | -5.2% |
| Income taxes | 67/77 | €185,677 | €78,660 | -€107,017 | -57.6% |
| Profit (loss) for the period | 9904 | €72,666 | €166,260 | +€93,594 | +129% |
| Profit (loss) for the period to be appropriated | 9905 | €72,666 | €166,260 | +€93,594 | +129% |
Source: filed annual accounts (NBB), financial years ended 31 July 2024 and 31 July 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.