TRIPLE C'S: 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 C'S
Largest movements
- Cash -€6,582
down €6,582 (-8.3%), from €79,347 to €72,765
mainly Investment in fixed assets (net) (-€17,391) and Debts after one year (-€13,784)
- Tangible fixed assets -€4,067
down €4,067 (-4.0%), from €101,261 to €97,194
of which Plant, machinery and equipment: -€9,480
- Intangible fixed assets -€2,400
down €2,400 (-71.4%), from €3,361 to €961
- Debts after one year -€13,784
down €13,784 (-14.1%), from €97,807 to €84,023
- Trade debts -€2,110
no longer reported in 2025 (was €2,110)
- Gross operating margin -€22,999
down €22,999 (-28.6%), from €80,307 to €57,308
- Staff costs +€11,278
up €11,278 (+58.4%), from €19,311 to €30,589
- Financial charges -€3,762
down €3,762 (-66.9%), from €5,627 to €1,865
of which Non-recurring financial charges: -€2,052
- Depreciation +€1,704
up €1,704 (+7.7%), from €22,154 to €23,858
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 | €187,120 | €173,110 | -€14,010 | -7.5% |
| Fixed assets | 21/28 | €104,622 | €98,155 | -€6,467 | -6.2% |
| Intangible fixed assets | 21 | €3,361 | €961 | -€2,400 | -71.4% |
| Tangible fixed assets | 22/27 | €101,261 | €97,194 | -€4,067 | -4.0% |
| Land and buildings | 22 | €12,512 | €18,234 | +€5,722 | +45.7% |
| Plant, machinery and equipment | 23 | €88,440 | €78,960 | -€9,480 | -10.7% |
| Furniture and vehicles | 24 | €309 | - | -€309 | |
| Current assets | 29/58 | €82,498 | €74,955 | -€7,543 | -9.1% |
| Stocks and contracts in progress | 3 | €2,485 | €1,182 | -€1,303 | -52.4% |
| Stocks | 30/36 | €2,485 | €1,182 | -€1,303 | -52.4% |
| Amounts receivable within one year | 40/41 | €31 | €629 | +€598 | +1,929% |
| Trade receivables | 40 | - | €598 | +€598 | |
| Other amounts receivable | 41 | €31 | €31 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €79,347 | €72,765 | -€6,582 | -8.3% |
| Deferred charges and accrued income | 490/1 | €635 | €379 | -€256 | -40.3% |
| Total equity and liabilities | 10/49 | €187,120 | €173,110 | -€14,010 | -7.5% |
| Equity | 10/15 | €5,659 | €6,177 | +€518 | +9.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,341 | -€3,823 | +€518 | +11.9% |
| Amounts payable | 17/49 | €181,461 | €166,933 | -€14,528 | -8.0% |
| Amounts payable after more than one year | 17 | €97,807 | €84,023 | -€13,784 | -14.1% |
| Financial debts | 170/4 | €97,807 | €84,023 | -€13,784 | -14.1% |
| Amounts payable within one year | 42/48 | €83,654 | €82,910 | -€744 | -0.9% |
| Current portion of amounts payable after more than one year | 42 | €13,382 | €13,784 | +€402 | +3.0% |
| Trade debts | 44 | €2,110 | - | -€2,110 | |
| Suppliers | 440/4 | €2,110 | - | -€2,110 | |
| Taxes, remuneration and social security | 45 | €676 | €1,571 | +€895 | +132% |
| Taxes | 450/3 | €81 | €1,571 | +€1,490 | +1,840% |
| Remuneration and social security | 454/9 | €595 | - | -€595 | |
| Other amounts payable | 47/48 | €67,486 | €67,555 | +€69 | +0.1% |
| Remuneration, social security and pensions | 62 | €19,311 | €30,589 | +€11,278 | +58.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,154 | €23,858 | +€1,704 | +7.7% |
| Other operating charges | 640/8 | €952 | €615 | -€337 | -35.4% |
| Gross operating margin | 9900 | €80,307 | €57,308 | -€22,999 | -28.6% |
| Operating profit (loss) | 9901 | €37,890 | €2,246 | -€35,644 | -94.1% |
| Financial income | 75/76B | €327 | €308 | -€19 | -5.8% |
| Recurring financial income | 75 | €327 | €308 | -€19 | -5.8% |
| Financial charges | 65/66B | €5,627 | €1,865 | -€3,762 | -66.9% |
| Recurring financial charges | 65 | €3,575 | €1,865 | -€1,710 | -47.8% |
| Non-recurring financial charges | 66B | €2,052 | - | -€2,052 | |
| Profit (loss) for the period before taxes | 9903 | €32,590 | €689 | -€31,901 | -97.9% |
| Income taxes | 67/77 | €171 | €171 | = | 0.0% |
| Profit (loss) for the period | 9904 | €32,419 | €518 | -€31,901 | -98.4% |
| Profit (loss) for the period to be appropriated | 9905 | €32,419 | €518 | -€31,901 | -98.4% |
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 21 October 2026 via checked.be.