TRIPLE B: 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.
TRIPLE B
Largest movements
- Stocks and contracts -€60,480
down €60,480 (-78.6%), from €76,946 to €16,465
- Cash +€52,564
up €52,564 (+369.2%), from €14,235 to €66,799
mainly Stocks and contracts (+€60,480) and Depreciation (+€42,241)
- Receivables within one year -€31,571
down €31,571 (-72.4%), from €43,624 to €12,053
of which Other amounts receivable: -€31,426
- Tangible fixed assets -€30,813
down €30,813 (-16.0%), from €192,835 to €162,022
of which Other tangible fixed assets: -€18,766
- Short-term financial debts -€50,000
no longer reported in 2025 (was €50,000)
- Current portion of long-term debt +€33,996
up €33,996 (+346.9%), from €9,801 to €43,797
- Profit (loss) carried forward -€16,910
down €16,910 (-6.3%), from -€266,567 to -€283,477
- Trade debts -€14,503
down €14,503 (-23.6%), from €61,352 to €46,849
- Tax, wage and social debts -€13,443
down €13,443 (-60.5%), from €22,225 to €8,782
of which Remuneration and social security: -€7,682
- Gross operating margin +€59,505
up €59,505 (+160.0%), from €37,192 to €96,697
- Depreciation -€7,767
down €7,767 (-15.5%), from €50,009 to €42,241
- Financial income -€7,434
down €7,434 (-82.7%), from €8,987 to €1,553
- Other operating charges +€2,897
up €2,897 (+305.1%), from €949 to €3,846
- Staff costs -€2,034
down €2,034 (-3.7%), from €55,077 to €53,042
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €332,983 | €262,286 | -€70,697 | -21.2% |
| Fixed assets | 21/28 | €197,635 | €166,822 | -€30,813 | -15.6% |
| Tangible fixed assets | 22/27 | €192,835 | €162,022 | -€30,813 | -16.0% |
| Plant, machinery and equipment | 23 | €69,120 | €60,745 | -€8,374 | -12.1% |
| Furniture and vehicles | 24 | €26,507 | €22,834 | -€3,672 | -13.9% |
| Other tangible fixed assets | 26 | €97,208 | €78,442 | -€18,766 | -19.3% |
| Financial fixed assets | 28 | €4,800 | €4,800 | = | 0.0% |
| Current assets | 29/58 | €135,348 | €95,464 | -€39,884 | -29.5% |
| Stocks and contracts in progress | 3 | €76,946 | €16,465 | -€60,480 | -78.6% |
| Stocks | 30/36 | €76,946 | €16,465 | -€60,480 | -78.6% |
| Amounts receivable within one year | 40/41 | €43,624 | €12,053 | -€31,571 | -72.4% |
| Trade receivables | 40 | €145 | - | -€145 | |
| Other amounts receivable | 41 | €43,479 | €12,053 | -€31,426 | -72.3% |
| Cash at bank and in hand | 54/58 | €14,235 | €66,799 | +€52,564 | +369.2% |
| Deferred charges and accrued income | 490/1 | €543 | €146 | -€397 | -73.1% |
| Total equity and liabilities | 10/49 | €332,983 | €262,286 | -€70,697 | -21.2% |
| Equity | 10/15 | -€225,665 | -€242,575 | -€16,910 | -7.5% |
| Contributions | 10/11 | €37,184 | €37,184 | = | 0.0% |
| Reserves | 13 | €3,718 | €3,718 | = | 0.0% |
| Distributable reserves | 133 | €3,718 | €3,718 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€266,567 | -€283,477 | -€16,910 | -6.3% |
| Amounts payable | 17/49 | €558,648 | €504,861 | -€53,787 | -9.6% |
| Amounts payable after more than one year | 17 | €25,553 | €15,309 | -€10,244 | -40.1% |
| Financial debts | 170/4 | €25,553 | €15,309 | -€10,244 | -40.1% |
| Amounts payable within one year | 42/48 | €529,310 | €489,552 | -€39,758 | -7.5% |
| Current portion of amounts payable after more than one year | 42 | €9,801 | €43,797 | +€33,996 | +346.9% |
| Financial debts | 43 | €50,000 | - | -€50,000 | |
| Credit institutions | 430/8 | €50,000 | - | -€50,000 | |
| Trade debts | 44 | €61,352 | €46,849 | -€14,503 | -23.6% |
| Suppliers | 440/4 | €61,352 | €46,849 | -€14,503 | -23.6% |
| Taxes, remuneration and social security | 45 | €22,225 | €8,782 | -€13,443 | -60.5% |
| Taxes | 450/3 | €7,741 | €1,979 | -€5,761 | -74.4% |
| Remuneration and social security | 454/9 | €14,484 | €6,803 | -€7,682 | -53.0% |
| Other amounts payable | 47/48 | €385,932 | €390,123 | +€4,191 | +1.1% |
| Accrued charges and deferred income | 492/3 | €3,785 | - | -€3,785 | |
| Remuneration, social security and pensions | 62 | €55,077 | €53,042 | -€2,034 | -3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,009 | €42,241 | -€7,767 | -15.5% |
| Other operating charges | 640/8 | €949 | €3,846 | +€2,897 | +305.1% |
| Non-recurring operating charges | 66A | - | €8,968 | +€8,968 | |
| Gross operating margin | 9900 | €37,192 | €96,697 | +€59,505 | +160.0% |
| Operating profit (loss) | 9901 | -€68,843 | -€11,400 | +€57,442 | +83.4% |
| Financial income | 75/76B | €8,987 | €1,553 | -€7,434 | -82.7% |
| Recurring financial income | 75 | €8,987 | €1,553 | -€7,434 | -82.7% |
| Financial charges | 65/66B | €6,733 | €7,063 | +€330 | +4.9% |
| Recurring financial charges | 65 | €6,733 | €7,063 | +€330 | +4.9% |
| Profit (loss) for the period before taxes | 9903 | -€66,589 | -€16,910 | +€49,679 | +74.6% |
| Profit (loss) for the period | 9904 | -€66,589 | -€16,910 | +€49,679 | +74.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€66,589 | -€16,910 | +€49,679 | +74.6% |
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 7 October 2026 via checked.be.