TRIPLE L: 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 L
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Debts after one year -€165,157
down €165,157 (-24.6%), from €670,513 to €505,356
- Other debts +€127,778
up €127,778 (+115.0%), from €111,123 to €238,901
- Reserves +€85,845
up €85,845 (+54.1%), from €158,660 to €244,505
- Current portion of long-term debt -€34,225
down €34,225 (-61.2%), from €55,945 to €21,719
- Short-term financial debts -€13,800
down €13,800 (-68.7%), from €20,094 to €6,294
of which Other loans: -€20,094
- Gross operating margin +€19,470
up €19,470 (+14.4%), from €134,978 to €154,448
- Depreciation +€4,808
up €4,808 (+18.8%), from €25,525 to €30,333
- Other operating charges +€2,680
up €2,680 (+50.2%), from €5,339 to €8,019
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,049,772 | €1,051,171 | +€1,399 | +0.1% |
| Fixed assets | 21/28 | €1,022,412 | €1,025,348 | +€2,937 | +0.3% |
| Intangible fixed assets | 21 | €9,535 | €7,451 | -€2,084 | -21.9% |
| Tangible fixed assets | 22/27 | €1,012,876 | €1,017,897 | +€5,021 | +0.5% |
| Plant, machinery and equipment | 23 | €699 | €435 | -€265 | -37.8% |
| Furniture and vehicles | 24 | €26,714 | €29,120 | +€2,407 | +9.0% |
| Other tangible fixed assets | 26 | €985,464 | €988,342 | +€2,878 | +0.3% |
| Current assets | 29/58 | €27,360 | €25,822 | -€1,538 | -5.6% |
| Amounts receivable within one year | 40/41 | €21,759 | €14,568 | -€7,192 | -33.1% |
| Trade receivables | 40 | €12,100 | €14,520 | +€2,420 | +20.0% |
| Other amounts receivable | 41 | €9,659 | €48 | -€9,612 | -99.5% |
| Cash at bank and in hand | 54/58 | €5,601 | €11,255 | +€5,654 | +101.0% |
| Total equity and liabilities | 10/49 | €1,049,772 | €1,051,171 | +€1,399 | +0.1% |
| Equity | 10/15 | €162,207 | €250,705 | +€88,498 | +54.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €158,660 | €244,505 | +€85,845 | +54.1% |
| Distributable reserves | 133 | €158,660 | €244,505 | +€85,845 | +54.1% |
| Profit (loss) carried forward | 14 | -€2,654 | - | +€2,654 | |
| Amounts payable | 17/49 | €887,565 | €800,466 | -€87,099 | -9.8% |
| Amounts payable after more than one year | 17 | €670,513 | €505,356 | -€165,157 | -24.6% |
| Financial debts | 170/4 | €670,513 | €505,356 | -€165,157 | -24.6% |
| Amounts payable within one year | 42/48 | €217,052 | €295,110 | +€78,058 | +36.0% |
| Current portion of amounts payable after more than one year | 42 | €55,945 | €21,719 | -€34,225 | -61.2% |
| Financial debts | 43 | €20,094 | €6,294 | -€13,800 | -68.7% |
| Credit institutions | 430/8 | - | €6,294 | +€6,294 | |
| Other loans | 439 | €20,094 | €0 | -€20,094 | -100.0% |
| Trade debts | 44 | €5,689 | €5,020 | -€669 | -11.8% |
| Suppliers | 440/4 | €5,689 | €5,020 | -€669 | -11.8% |
| Advances received on contracts in progress | 46 | €15,415 | €15,901 | +€486 | +3.2% |
| Taxes, remuneration and social security | 45 | €8,787 | €7,274 | -€1,512 | -17.2% |
| Taxes | 450/3 | €8,111 | €7,274 | -€836 | -10.3% |
| Remuneration and social security | 454/9 | €676 | - | -€676 | |
| Other amounts payable | 47/48 | €111,123 | €238,901 | +€127,778 | +115.0% |
| Non-recurring operating income | 76A | €61,285 | - | -€61,285 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,525 | €30,333 | +€4,808 | +18.8% |
| Other operating charges | 640/8 | €5,339 | €8,019 | +€2,680 | +50.2% |
| Gross operating margin | 9900 | €134,978 | €154,448 | +€19,470 | +14.4% |
| Operating profit (loss) | 9901 | €104,113 | €116,096 | +€11,983 | +11.5% |
| Financial income | 75/76B | - | €13 | +€13 | |
| Recurring financial income | 75 | - | €13 | +€13 | |
| Financial charges | 65/66B | €5,461 | €5,336 | -€125 | -2.3% |
| Recurring financial charges | 65 | €5,461 | €5,336 | -€125 | -2.3% |
| Profit (loss) for the period before taxes | 9903 | €98,652 | €110,773 | +€12,121 | +12.3% |
| Income taxes | 67/77 | €22,258 | €22,274 | +€16 | +0.1% |
| Profit (loss) for the period | 9904 | €76,394 | €88,498 | +€12,105 | +15.8% |
| Profit (loss) for the period to be appropriated | 9905 | €76,394 | €88,498 | +€12,105 | +15.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.