TRIPLE HELIX: 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 HELIX
Largest movements
- Receivables within one year -€54,564
down €54,564 (-40.7%), from €134,218 to €79,654
of which Other amounts receivable: -€35,563
- Debts after one year -€100,000
down €100,000 (-22.2%), from €450,000 to €350,000
- Current portion of long-term debt +€100,000
new in 2025: €100,000
- Profit (loss) carried forward -€53,754
down €53,754 (-29.7%), from -€181,040 to -€234,794
- Trade debts -€22,993
down €22,993 (-56.9%), from €40,379 to €17,385
- Accrued charges and deferred income +€17,500
up €17,500 (+26.3%), from €66,610 to €84,110
- Financial charges -€27,450
down €27,450 (-34.7%), from €79,064 to €51,614
- Gross operating margin -€1,623
down €1,623 (-56.8%), from -€2,858 to -€4,481
- Financial income -€719
down €719 (-17.3%), from €4,145 to €3,426
- Other operating charges +€592
up €592 (+120%), from €493 to €1,086
- Depreciation -€223
down €223 (-100%), from €223 to €0
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 | €669,433 | €615,566 | -€53,867 | -8.0% |
| Fixed assets | 21/28 | €531,711 | €531,696 | -€15 | 0.0% |
| Intangible fixed assets | 21 | €531,696 | €531,696 | = | 0.0% |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Financial fixed assets | 28 | €15 | €0 | -€15 | -100% |
| Current assets | 29/58 | €137,722 | €83,870 | -€53,852 | -39.1% |
| Amounts receivable within one year | 40/41 | €134,218 | €79,654 | -€54,564 | -40.7% |
| Trade receivables | 40 | €22,551 | €3,550 | -€19,001 | -84.3% |
| Other amounts receivable | 41 | €111,668 | €76,104 | -€35,563 | -31.8% |
| Cash at bank and in hand | 54/58 | €466 | €1,179 | +€713 | +153% |
| Deferred charges and accrued income | 490/1 | €3,037 | €3,037 | = | 0.0% |
| Total equity and liabilities | 10/49 | €669,433 | €615,566 | -€53,867 | -8.0% |
| Equity | 10/15 | -€166,390 | -€220,144 | -€53,754 | -32.3% |
| Contributions | 10/11 | €12,375 | €12,375 | = | 0.0% |
| Reserves | 13 | €2,275 | €2,275 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €415 | €415 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€181,040 | -€234,794 | -€53,754 | -29.7% |
| Amounts payable | 17/49 | €835,822 | €835,710 | -€112 | 0.0% |
| Amounts payable after more than one year | 17 | €450,000 | €350,000 | -€100,000 | -22.2% |
| Financial debts | 170/4 | €450,000 | €350,000 | -€100,000 | -22.2% |
| Amounts payable within one year | 42/48 | €319,212 | €401,600 | +€82,388 | +25.8% |
| Current portion of amounts payable after more than one year | 42 | - | €100,000 | +€100,000 | |
| Trade debts | 44 | €40,379 | €17,385 | -€22,993 | -56.9% |
| Suppliers | 440/4 | €40,379 | €17,385 | -€22,993 | -56.9% |
| Other amounts payable | 47/48 | €278,833 | €284,215 | +€5,381 | +1.9% |
| Accrued charges and deferred income | 492/3 | €66,610 | €84,110 | +€17,500 | +26.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €223 | €0 | -€223 | -100% |
| Other operating charges | 640/8 | €493 | €1,086 | +€592 | +120% |
| Non-recurring operating charges | 66A | €858 | €0 | -€858 | -100% |
| Gross operating margin | 9900 | -€2,858 | -€4,481 | -€1,623 | -56.8% |
| Operating profit (loss) | 9901 | -€4,432 | -€5,567 | -€1,134 | -25.6% |
| Financial income | 75/76B | €4,145 | €3,426 | -€719 | -17.3% |
| Recurring financial income | 75 | €4,145 | €3,426 | -€719 | -17.3% |
| Financial charges | 65/66B | €79,064 | €51,614 | -€27,450 | -34.7% |
| Recurring financial charges | 65 | €79,064 | €51,614 | -€27,450 | -34.7% |
| Profit (loss) for the period before taxes | 9903 | -€79,351 | -€53,754 | +€25,597 | +32.3% |
| Profit (loss) for the period | 9904 | -€79,351 | -€53,754 | +€25,597 | +32.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€79,351 | -€53,754 | +€25,597 | +32.3% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.