TRIPLE M: 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 M
Largest movements
- Receivables within one year -€116,992
down €116,992 (-44.1%), from €265,239 to €148,247
of which Trade receivables: -€121,303
- Deferred charges and accrued income -€5,222
down €5,222 (-96.2%), from €5,428 to €206
- Financial fixed assets -€3,197
down €3,197 (-100.0%), from €3,197 to €0
- Tax, wage and social debts -€107,539
down €107,539 (-77.3%), from €139,149 to €31,610
of which Remuneration and social security: -€67,191
- Trade debts -€53,984
down €53,984 (-21.4%), from €252,841 to €198,857
- Profit (loss) carried forward +€36,849
up €36,849 (+27.2%), from -€135,608 to -€98,759
- Staff costs -€391,150
down €391,150 (-59.0%), from €662,580 to €271,430
- Gross operating margin -€381,706
down €381,706 (-55.0%), from €693,751 to €312,045
- Other operating charges -€19,056
down €19,056 (-97.6%), from €19,518 to €462
- Financial charges +€7,310
up €7,310 (+1143.3%), from €639 to €7,949
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 | €274,972 | €149,683 | -€125,289 | -45.6% |
| Fixed assets | 21/28 | €3,197 | €0 | -€3,197 | -100.0% |
| Financial fixed assets | 28 | €3,197 | €0 | -€3,197 | -100.0% |
| Current assets | 29/58 | €271,775 | €149,683 | -€122,092 | -44.9% |
| Amounts receivable within one year | 40/41 | €265,239 | €148,247 | -€116,992 | -44.1% |
| Trade receivables | 40 | €187,945 | €66,642 | -€121,303 | -64.5% |
| Other amounts receivable | 41 | €77,293 | €81,605 | +€4,312 | +5.6% |
| Cash at bank and in hand | 54/58 | €1,108 | €1,230 | +€122 | +11.0% |
| Deferred charges and accrued income | 490/1 | €5,428 | €206 | -€5,222 | -96.2% |
| Total equity and liabilities | 10/49 | €274,972 | €149,683 | -€125,289 | -45.6% |
| Equity | 10/15 | -€119,518 | -€82,669 | +€36,849 | +30.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €3,690 | €3,690 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €3,690 | €3,690 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€135,608 | -€98,759 | +€36,849 | +27.2% |
| Amounts payable | 17/49 | €394,490 | €232,352 | -€162,138 | -41.1% |
| Amounts payable within one year | 42/48 | €391,990 | €230,467 | -€161,522 | -41.2% |
| Trade debts | 44 | €252,841 | €198,857 | -€53,984 | -21.4% |
| Suppliers | 440/4 | €252,841 | €198,857 | -€53,984 | -21.4% |
| Taxes, remuneration and social security | 45 | €139,149 | €31,610 | -€107,539 | -77.3% |
| Taxes | 450/3 | €46,804 | €6,456 | -€40,348 | -86.2% |
| Remuneration and social security | 454/9 | €92,345 | €25,154 | -€67,191 | -72.8% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €2,500 | €1,885 | -€615 | -24.6% |
| Remuneration, social security and pensions | 62 | €662,580 | €271,430 | -€391,150 | -59.0% |
| Other operating charges | 640/8 | €19,518 | €462 | -€19,056 | -97.6% |
| Gross operating margin | 9900 | €693,751 | €312,045 | -€381,706 | -55.0% |
| Operating profit (loss) | 9901 | €11,654 | €40,153 | +€28,500 | +244.6% |
| Financial income | 75/76B | €4,547 | €4,489 | -€57 | -1.3% |
| Recurring financial income | 75 | €4,547 | €4,489 | -€57 | -1.3% |
| Financial charges | 65/66B | €639 | €7,949 | +€7,310 | +1143.3% |
| Recurring financial charges | 65 | €639 | €7,949 | +€7,310 | +1143.3% |
| Profit (loss) for the period before taxes | 9903 | €15,561 | €36,694 | +€21,133 | +135.8% |
| Income taxes | 67/77 | €891 | -€155 | -€1,046 | |
| Profit (loss) for the period | 9904 | €14,670 | €36,849 | +€22,179 | +151.2% |
| Profit (loss) for the period to be appropriated | 9905 | €14,670 | €36,849 | +€22,179 | +151.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.