TRIPLE A PROPERTY: 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 PROPERTY
Largest movements
- Receivables within one year +€74,375
up €74,375 (+48.9%), from €151,968 to €226,343
- Tangible fixed assets +€52,492
up €52,492 (+5.8%), from €906,974 to €959,466
of which Land and buildings: +€58,763
- Cash +€34,253
up €34,253 (+65.3%), from €52,444 to €86,697
mainly Net result for the year (+€166,751) and Depreciation (+€64,240)
- Profit (loss) carried forward +€119,693
up €119,693 (+31.3%), from €381,979 to €501,672
- Other debts +€47,737
up €47,737 (+8.9%), from €535,778 to €583,515
- Debts after one year -€20,833
down €20,833 (-19.7%), from €105,903 to €85,070
- Tax, wage and social debts +€19,534
up €19,534 (+90.6%), from €21,562 to €41,096
of which Taxes: +€19,534
- Gross operating margin +€119,796
up €119,796 (+62.1%), from €193,031 to €312,828
- Taxes +€27,644
up €27,644 (+123%), from €22,473 to €50,117
- Depreciation +€16,047
up €16,047 (+33.3%), from €48,193 to €64,240
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 | €1,116,700 | €1,278,272 | +€161,571 | +14.5% |
| Fixed assets | 21/28 | €906,974 | €959,466 | +€52,492 | +5.8% |
| Tangible fixed assets | 22/27 | €906,974 | €959,466 | +€52,492 | +5.8% |
| Land and buildings | 22 | €830,940 | €889,703 | +€58,763 | +7.1% |
| Plant, machinery and equipment | 23 | €18,874 | €13,454 | -€5,420 | -28.7% |
| Furniture and vehicles | 24 | €44,393 | €22,138 | -€22,256 | -50.1% |
| Assets under construction and advance payments | 27 | €12,767 | €34,172 | +€21,405 | +168% |
| Current assets | 29/58 | €209,726 | €318,805 | +€109,079 | +52.0% |
| Amounts receivable within one year | 40/41 | €151,968 | €226,343 | +€74,375 | +48.9% |
| Trade receivables | 40 | €151,968 | €226,343 | +€74,375 | +48.9% |
| Cash at bank and in hand | 54/58 | €52,444 | €86,697 | +€34,253 | +65.3% |
| Deferred charges and accrued income | 490/1 | €5,315 | €5,765 | +€450 | +8.5% |
| Total equity and liabilities | 10/49 | €1,116,700 | €1,278,272 | +€161,571 | +14.5% |
| Equity | 10/15 | €402,579 | €522,272 | +€119,693 | +29.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €381,979 | €501,672 | +€119,693 | +31.3% |
| Amounts payable | 17/49 | €714,121 | €756,000 | +€41,879 | +5.9% |
| Amounts payable after more than one year | 17 | €105,903 | €85,070 | -€20,833 | -19.7% |
| Financial debts | 170/4 | €105,903 | €85,070 | -€20,833 | -19.7% |
| Amounts payable within one year | 42/48 | €585,942 | €650,092 | +€64,150 | +10.9% |
| Current portion of amounts payable after more than one year | 42 | €20,833 | €20,833 | = | 0.0% |
| Trade debts | 44 | €7,768 | €4,647 | -€3,121 | -40.2% |
| Suppliers | 440/4 | €7,768 | €4,647 | -€3,121 | -40.2% |
| Taxes, remuneration and social security | 45 | €21,562 | €41,096 | +€19,534 | +90.6% |
| Taxes | 450/3 | €19,062 | €38,596 | +€19,534 | +102% |
| Remuneration and social security | 454/9 | €2,500 | €2,500 | = | 0.0% |
| Other amounts payable | 47/48 | €535,778 | €583,515 | +€47,737 | +8.9% |
| Accrued charges and deferred income | 492/3 | €22,276 | €20,839 | -€1,438 | -6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,193 | €64,240 | +€16,047 | +33.3% |
| Other operating charges | 640/8 | €4,204 | €4,396 | +€192 | +4.6% |
| Gross operating margin | 9900 | €193,031 | €312,828 | +€119,796 | +62.1% |
| Operating profit (loss) | 9901 | €140,635 | €244,192 | +€103,557 | +73.6% |
| Financial income | 75/76B | €30 | €0 | -€30 | -100.0% |
| Recurring financial income | 75 | €30 | €0 | -€30 | -100.0% |
| Financial charges | 65/66B | €24,526 | €27,324 | +€2,798 | +11.4% |
| Recurring financial charges | 65 | €24,526 | €27,324 | +€2,798 | +11.4% |
| Profit (loss) for the period before taxes | 9903 | €116,139 | €216,868 | +€100,729 | +86.7% |
| Income taxes | 67/77 | €22,473 | €50,117 | +€27,644 | +123% |
| Profit (loss) for the period | 9904 | €93,666 | €166,751 | +€73,085 | +78.0% |
| Profit (loss) for the period to be appropriated | 9905 | €93,666 | €166,751 | +€73,085 | +78.0% |
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 25 October 2026 via checked.be.