TRIPLE AAART: 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 AAART
Largest movements
- Receivables within one year -€76,920
down €76,920 (-97.5%), from €78,880 to €1,960
of which Trade receivables: -€74,974
- Tangible fixed assets +€46,250
up €46,250 (+3.7%), from €1.2m to €1.3m
of which Land and buildings: +€52,606
- Profit (loss) carried forward -€86,156
down €86,156 (-38.0%), from -€226,522 to -€312,678
- Trade debts +€20,926
up €20,926 (+6,179%), from €339 to €21,265
- Gross operating margin -€72,273
down €72,273 (-81.7%), from €88,436 to €16,163
- Taxes +€4,234
new in 2025: €4,234
- Financial charges -€4,177
down €4,177 (-18.0%), from €23,174 to €18,997
- Financial income -€3,529
down €3,529 (-58.7%), from €6,015 to €2,485
- Other operating charges -€2,650
down €2,650 (-54.4%), from €4,870 to €2,220
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 | €1,903,244 | €1,841,297 | -€61,947 | -3.3% |
| Fixed assets | 21/28 | €1,246,171 | €1,292,421 | +€46,250 | +3.7% |
| Tangible fixed assets | 22/27 | €1,246,171 | €1,292,421 | +€46,250 | +3.7% |
| Land and buildings | 22 | €1,227,102 | €1,279,709 | +€52,606 | +4.3% |
| Furniture and vehicles | 24 | €19,069 | €12,713 | -€6,356 | -33.3% |
| Current assets | 29/58 | €657,073 | €548,876 | -€108,197 | -16.5% |
| Amounts receivable within one year | 40/41 | €78,880 | €1,960 | -€76,920 | -97.5% |
| Trade receivables | 40 | €75,000 | €26 | -€74,974 | -100.0% |
| Other amounts receivable | 41 | €3,880 | €1,934 | -€1,946 | -50.2% |
| Cash at bank and in hand | 54/58 | €362,047 | €349,055 | -€12,992 | -3.6% |
| Deferred charges and accrued income | 490/1 | €216,146 | €197,860 | -€18,286 | -8.5% |
| Total equity and liabilities | 10/49 | €1,903,244 | €1,841,297 | -€61,947 | -3.3% |
| Equity | 10/15 | -€7,728 | -€93,884 | -€86,156 | -1,115% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €18,794 | €18,794 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,869 | €7,869 | = | 0.0% |
| Other | 1319 | €7,869 | €7,869 | = | 0.0% |
| Distributable reserves | 133 | €10,925 | €10,925 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€226,522 | -€312,678 | -€86,156 | -38.0% |
| Amounts payable | 17/49 | €1,910,971 | €1,935,180 | +€24,209 | +1.3% |
| Amounts payable after more than one year | 17 | €825,000 | €825,000 | = | 0.0% |
| Financial debts | 170/4 | €825,000 | €825,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,085,971 | €1,110,180 | +€24,209 | +2.2% |
| Trade debts | 44 | €339 | €21,265 | +€20,926 | +6,179% |
| Suppliers | 440/4 | €339 | €21,265 | +€20,926 | +6,179% |
| Taxes, remuneration and social security | 45 | €12,543 | €15,826 | +€3,283 | +26.2% |
| Taxes | 450/3 | €12,543 | €15,826 | +€3,283 | +26.2% |
| Other amounts payable | 47/48 | €1,073,090 | €1,073,090 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,000 | €54,353 | +€2,353 | +4.5% |
| Other operating charges | 640/8 | €4,870 | €2,220 | -€2,650 | -54.4% |
| Gross operating margin | 9900 | €88,436 | €16,163 | -€72,273 | -81.7% |
| Operating profit (loss) | 9901 | €31,567 | -€40,410 | -€71,977 | |
| Financial income | 75/76B | €6,015 | €2,485 | -€3,529 | -58.7% |
| Recurring financial income | 75 | €6,015 | €2,485 | -€3,529 | -58.7% |
| Financial charges | 65/66B | €23,174 | €18,997 | -€4,177 | -18.0% |
| Recurring financial charges | 65 | €23,174 | €18,997 | -€4,177 | -18.0% |
| Profit (loss) for the period before taxes | 9903 | €14,408 | -€56,922 | -€71,330 | |
| Income taxes | 67/77 | - | €4,234 | +€4,234 | |
| Profit (loss) for the period | 9904 | €14,408 | -€61,156 | -€75,564 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,408 | -€61,156 | -€75,564 |
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 24 October 2026 via checked.be.