TRIPLE R: 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 R
Largest movements
- Tangible fixed assets -€53,449
down €53,449 (-8.2%), from €648,657 to €595,209
of which Land and buildings: -€26,968
- Debts after one year -€43,070
down €43,070 (-14.3%), from €300,164 to €257,094
- Profit (loss) carried forward -€40,544
down €40,544 (-11.9%), from -€341,673 to -€382,216
- Other debts +€24,865
up €24,865 (+5.1%), from €488,372 to €513,237
- Current portion of long-term debt +€8,365
up €8,365 (+22.5%), from €37,231 to €45,596
- Depreciation +€4,869
up €4,869 (+9.1%), from €53,750 to €58,619
- Gross operating margin -€3,286
down €3,286 (-7.0%), from €47,227 to €43,941
- Financial charges -€1,616
down €1,616 (-10.8%), from €14,998 to €13,381
- Other operating charges +€677
up €677 (+5.7%), from €11,808 to €12,485
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 | €659,544 | €608,569 | -€50,975 | -7.7% |
| Fixed assets | 21/28 | €648,657 | €595,209 | -€53,449 | -8.2% |
| Tangible fixed assets | 22/27 | €648,657 | €595,209 | -€53,449 | -8.2% |
| Land and buildings | 22 | €389,191 | €362,223 | -€26,968 | -6.9% |
| Plant, machinery and equipment | 23 | €259,466 | €232,986 | -€26,480 | -10.2% |
| Current assets | 29/58 | €10,887 | €13,361 | +€2,474 | +22.7% |
| Cash at bank and in hand | 54/58 | €4,094 | €2,760 | -€1,334 | -32.6% |
| Deferred charges and accrued income | 490/1 | €6,793 | €10,601 | +€3,808 | +56.1% |
| Total equity and liabilities | 10/49 | €659,544 | €608,569 | -€50,975 | -7.7% |
| Equity | 10/15 | -€166,958 | -€207,502 | -€40,544 | -24.3% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Capital | 10 | €150,000 | €150,000 | = | 0.0% |
| Issued capital | 100 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €24,714 | €24,714 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,437 | €7,437 | = | 0.0% |
| Legal reserve | 130 | €7,437 | €7,437 | = | 0.0% |
| Distributable reserves | 133 | €17,277 | €17,277 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€341,673 | -€382,216 | -€40,544 | -11.9% |
| Amounts payable | 17/49 | €826,502 | €816,071 | -€10,431 | -1.3% |
| Amounts payable after more than one year | 17 | €300,164 | €257,094 | -€43,070 | -14.3% |
| Financial debts | 170/4 | €300,164 | €257,094 | -€43,070 | -14.3% |
| Amounts payable within one year | 42/48 | €526,338 | €558,977 | +€32,638 | +6.2% |
| Current portion of amounts payable after more than one year | 42 | €37,231 | €45,596 | +€8,365 | +22.5% |
| Trade debts | 44 | €736 | €144 | -€592 | -80.4% |
| Suppliers | 440/4 | €736 | €144 | -€592 | -80.4% |
| Other amounts payable | 47/48 | €488,372 | €513,237 | +€24,865 | +5.1% |
| Non-recurring operating income | 76A | - | €561 | +€561 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,750 | €58,619 | +€4,869 | +9.1% |
| Other operating charges | 640/8 | €11,808 | €12,485 | +€677 | +5.7% |
| Non-recurring operating charges | 66A | €209 | - | -€209 | |
| Gross operating margin | 9900 | €47,227 | €43,941 | -€3,286 | -7.0% |
| Operating profit (loss) | 9901 | -€18,539 | -€27,162 | -€8,623 | -46.5% |
| Financial income | 75/76B | €48 | - | -€48 | |
| Recurring financial income | 75 | €48 | - | -€48 | |
| Financial charges | 65/66B | €14,998 | €13,381 | -€1,616 | -10.8% |
| Recurring financial charges | 65 | €14,998 | €13,381 | -€1,616 | -10.8% |
| Profit (loss) for the period before taxes | 9903 | -€33,490 | -€40,544 | -€7,054 | -21.1% |
| Profit (loss) for the period | 9904 | -€33,490 | -€40,544 | -€7,054 | -21.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€33,490 | -€40,544 | -€7,054 | -21.1% |
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 9 October 2026 via checked.be.