TRIPLE ELIXIR: 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 ELIXIR
Largest movements
- Tangible fixed assets +€142,202
up €142,202 (+43.3%), from €328,037 to €470,238
of which Land and buildings: +€140,723
- Receivables within one year +€29,376
up €29,376 (+39.5%), from €74,384 to €103,760
of which Trade receivables: +€26,533
- Cash +€6,801
up €6,801 (+7.9%), from €86,081 to €92,883
mainly Debts after one year (+€70,346) and Net result for the year (+€39,991)
- Debts after one year +€70,346
up €70,346 (+31.4%), from €224,280 to €294,627
- Profit (loss) carried forward +€39,991
up €39,991 (+21.8%), from €183,592 to €223,583
- Other debts +€35,129
up €35,129 (+131.6%), from €26,698 to €61,828
- Trade debts +€30,674
up €30,674 (+134.4%), from €22,816 to €53,491
- Advances received -€8,336
no longer reported in 2025 (was €8,336)
- Gross operating margin -€25,261
down €25,261 (-22.9%), from €110,345 to €85,083
- Depreciation +€12,171
up €12,171 (+95.1%), from €12,802 to €24,973
- Taxes -€6,178
down €6,178 (-36.1%), from €17,100 to €10,922
- Financial charges +€1,798
up €1,798 (+32.7%), from €5,508 to €7,306
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 | €490,404 | €666,880 | +€176,476 | +36.0% |
| Fixed assets | 21/28 | €328,037 | €470,238 | +€142,202 | +43.3% |
| Tangible fixed assets | 22/27 | €328,037 | €470,238 | +€142,202 | +43.3% |
| Land and buildings | 22 | €328,036 | €468,759 | +€140,723 | +42.9% |
| Furniture and vehicles | 24 | €1 | €1,479 | +€1,478 | +194527.6% |
| Current assets | 29/58 | €162,367 | €196,642 | +€34,275 | +21.1% |
| Amounts receivable within one year | 40/41 | €74,384 | €103,760 | +€29,376 | +39.5% |
| Trade receivables | 40 | €70,203 | €96,735 | +€26,533 | +37.8% |
| Other amounts receivable | 41 | €4,181 | €7,024 | +€2,843 | +68.0% |
| Current investments | 50/53 | €1,000 | - | -€1,000 | |
| Cash at bank and in hand | 54/58 | €86,081 | €92,883 | +€6,801 | +7.9% |
| Deferred charges and accrued income | 490/1 | €903 | - | -€903 | |
| Total equity and liabilities | 10/49 | €490,404 | €666,880 | +€176,476 | +36.0% |
| Equity | 10/15 | €184,592 | €224,583 | +€39,991 | +21.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €183,592 | €223,583 | +€39,991 | +21.8% |
| Amounts payable | 17/49 | €305,812 | €442,297 | +€136,485 | +44.6% |
| Amounts payable after more than one year | 17 | €224,280 | €294,627 | +€70,346 | +31.4% |
| Financial debts | 170/4 | €224,280 | €294,627 | +€70,346 | +31.4% |
| Amounts payable within one year | 42/48 | €79,967 | €147,671 | +€67,703 | +84.7% |
| Current portion of amounts payable after more than one year | 42 | €11,385 | €14,654 | +€3,269 | +28.7% |
| Trade debts | 44 | €22,816 | €53,491 | +€30,674 | +134.4% |
| Suppliers | 440/4 | €22,816 | €53,491 | +€30,674 | +134.4% |
| Advances received on contracts in progress | 46 | €8,336 | - | -€8,336 | |
| Taxes, remuneration and social security | 45 | €10,732 | €17,699 | +€6,966 | +64.9% |
| Taxes | 450/3 | €10,732 | €17,699 | +€6,966 | +64.9% |
| Other amounts payable | 47/48 | €26,698 | €61,828 | +€35,129 | +131.6% |
| Accrued charges and deferred income | 492/3 | €1,564 | - | -€1,564 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,802 | €24,973 | +€12,171 | +95.1% |
| Other operating charges | 640/8 | €1,539 | €1,891 | +€352 | +22.9% |
| Gross operating margin | 9900 | €110,345 | €85,083 | -€25,261 | -22.9% |
| Operating profit (loss) | 9901 | €96,004 | €58,219 | -€37,785 | -39.4% |
| Financial income | 75/76B | €85 | - | -€85 | |
| Recurring financial income | 75 | €85 | - | -€85 | |
| Financial charges | 65/66B | €5,508 | €7,306 | +€1,798 | +32.7% |
| Recurring financial charges | 65 | €5,508 | €7,306 | +€1,798 | +32.7% |
| Profit (loss) for the period before taxes | 9903 | €90,581 | €50,913 | -€39,669 | -43.8% |
| Income taxes | 67/77 | €17,100 | €10,922 | -€6,178 | -36.1% |
| Profit (loss) for the period | 9904 | €73,482 | €39,991 | -€33,491 | -45.6% |
| Profit (loss) for the period to be appropriated | 9905 | €73,482 | €39,991 | -€33,491 | -45.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.