Triple M: 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 M
Largest movements
- Tangible fixed assets +€1.6m
up €1.6m (+3,187%), from €48,724 to €1.6m
of which Land and buildings: +€1.6m
- Receivables within one year +€517,108
up €517,108 (+195%), from €264,992 to €782,100
of which Other amounts receivable: +€575,466
- Reserves +€963,962
up €963,962 (+55.2%), from €1.7m to €2.7m
- Debts after one year +€639,142
up €639,142 (+54.8%), from €1.2m to €1.8m
- Other debts +€311,953
up €311,953 (+97.5%), from €320,078 to €632,031
- Trade debts +€74,634
up €74,634 (+3,933%), from €1,898 to €76,532
- Tax, wage and social debts +€62,711
up €62,711 (+165%), from €37,992 to €100,703
- Gross operating margin +€844,314
up €844,314 (+152%), from €555,062 to €1.4m
- Taxes +€208,105
up €208,105 (+182%), from €114,395 to €322,500
- Financial charges +€26,576
up €26,576 (+45.9%), from €57,931 to €84,507
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 | €3,989,327 | €6,098,984 | +€2.1m | +52.9% |
| Fixed assets | 21/28 | €3,666,271 | €5,248,887 | +€1.6m | +43.2% |
| Tangible fixed assets | 22/27 | €48,724 | €1,601,340 | +€1.6m | +3,187% |
| Land and buildings | 22 | - | €1,561,151 | +€1.6m | |
| Furniture and vehicles | 24 | €30,099 | €25,922 | -€4,177 | -13.9% |
| Leasing and similar rights | 25 | €18,626 | €14,267 | -€4,359 | -23.4% |
| Financial fixed assets | 28 | €3,617,547 | €3,647,548 | +€30,001 | +0.8% |
| Current assets | 29/58 | €323,056 | €850,097 | +€527,041 | +163% |
| Amounts receivable after more than one year | 29 | €50,000 | €50,000 | = | 0.0% |
| Other amounts receivable | 291 | €50,000 | €50,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €264,992 | €782,100 | +€517,108 | +195% |
| Trade receivables | 40 | €135,593 | €77,235 | -€58,358 | -43.0% |
| Other amounts receivable | 41 | €129,399 | €704,865 | +€575,466 | +445% |
| Cash at bank and in hand | 54/58 | €5,281 | €12,566 | +€7,285 | +138% |
| Deferred charges and accrued income | 490/1 | €2,783 | €5,432 | +€2,649 | +95.2% |
| Total equity and liabilities | 10/49 | €3,989,327 | €6,098,984 | +€2.1m | +52.9% |
| Equity | 10/15 | €2,127,595 | €3,091,557 | +€963,962 | +45.3% |
| Contributions | 10/11 | €382,850 | €382,850 | = | 0.0% |
| Reserves | 13 | €1,744,746 | €2,708,707 | +€963,962 | +55.2% |
| Distributable reserves | 133 | €1,744,746 | €2,708,707 | +€963,962 | +55.2% |
| Amounts payable | 17/49 | €1,861,731 | €3,007,427 | +€1.1m | +61.5% |
| Amounts payable after more than one year | 17 | €1,166,158 | €1,805,300 | +€639,142 | +54.8% |
| Financial debts | 170/4 | €1,166,158 | €1,805,300 | +€639,142 | +54.8% |
| Amounts payable within one year | 42/48 | €695,485 | €1,202,127 | +€506,642 | +72.8% |
| Current portion of amounts payable after more than one year | 42 | €244,737 | €291,858 | +€47,121 | +19.3% |
| Financial debts | 43 | €90,781 | €101,004 | +€10,223 | +11.3% |
| Credit institutions | 430/8 | €90,781 | €101,004 | +€10,223 | +11.3% |
| Trade debts | 44 | €1,898 | €76,532 | +€74,634 | +3,933% |
| Suppliers | 440/4 | €1,898 | €76,532 | +€74,634 | +3,933% |
| Taxes, remuneration and social security | 45 | €37,992 | €100,703 | +€62,711 | +165% |
| Taxes | 450/3 | €37,992 | €100,703 | +€62,711 | +165% |
| Other amounts payable | 47/48 | €320,078 | €632,031 | +€311,953 | +97.5% |
| Accrued charges and deferred income | 492/3 | €88 | - | -€88 | |
| Non-recurring operating income | 76A | €24,370 | - | -€24,370 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,317 | €28,603 | +€12,287 | +75.3% |
| Other operating charges | 640/8 | €4,182 | €3,120 | -€1,061 | -25.4% |
| Non-recurring operating charges | 66A | €75,000 | - | -€75,000 | |
| Gross operating margin | 9900 | €555,062 | €1,399,376 | +€844,314 | +152% |
| Operating profit (loss) | 9901 | €459,563 | €1,367,652 | +€908,088 | +198% |
| Financial income | 75/76B | €0 | €3,317 | +€3,317 | +5,528,317% |
| Recurring financial income | 75 | €0 | €3,317 | +€3,317 | +5,528,317% |
| Financial charges | 65/66B | €57,931 | €84,507 | +€26,576 | +45.9% |
| Recurring financial charges | 65 | €57,931 | €84,507 | +€26,576 | +45.9% |
| Profit (loss) for the period before taxes | 9903 | €401,632 | €1,286,462 | +€884,829 | +220% |
| Income taxes | 67/77 | €114,395 | €322,500 | +€208,105 | +182% |
| Profit (loss) for the period | 9904 | €287,237 | €963,962 | +€676,725 | +236% |
| Profit (loss) for the period to be appropriated | 9905 | €287,237 | €963,962 | +€676,725 | +236% |
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 30 October 2026 via checked.be.