TRIPLE V CONCEPT: 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 V CONCEPT
Largest movements
- Tangible fixed assets -€190,737
down €190,737 (-32.4%), from €587,961 to €397,223
- Receivables within one year -€12,500
no longer reported in 2025 (was €12,500)
- Debts after one year -€168,614
down €168,614 (-31.9%), from €527,986 to €359,372
- Advances received -€29,040
no longer reported in 2025 (was €29,040)
- Other debts +€15,167
up €15,167 (+28.9%), from €52,463 to €67,630
- Profit (loss) carried forward -€12,008
down €12,008 (-19.1%), from -€62,769 to -€74,777
- Current portion of long-term debt -€9,009
down €9,009 (-28.4%), from €31,682 to €22,673
- Gross operating margin -€21,277
down €21,277 (-38.9%), from €54,747 to €33,470
- Depreciation -€5,127
down €5,127 (-16.6%), from €30,879 to €25,752
- Other operating charges +€4,759
up €4,759 (+126%), from €3,766 to €8,525
- Financial charges -€4,215
down €4,215 (-27.3%), from €15,416 to €11,201
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 | €609,794 | €403,714 | -€206,080 | -33.8% |
| Fixed assets | 21/28 | €587,961 | €397,223 | -€190,737 | -32.4% |
| Tangible fixed assets | 22/27 | €587,961 | €397,223 | -€190,737 | -32.4% |
| Land and buildings | 22 | €587,961 | €397,223 | -€190,737 | -32.4% |
| Current assets | 29/58 | €21,833 | €6,490 | -€15,343 | -70.3% |
| Amounts receivable within one year | 40/41 | €12,500 | - | -€12,500 | |
| Trade receivables | 40 | €12,500 | - | -€12,500 | |
| Cash at bank and in hand | 54/58 | €9,031 | €6,188 | -€2,843 | -31.5% |
| Deferred charges and accrued income | 490/1 | €303 | €303 | = | 0.0% |
| Total equity and liabilities | 10/49 | €609,794 | €403,714 | -€206,080 | -33.8% |
| Equity | 10/15 | -€43,734 | -€55,742 | -€12,008 | -27.5% |
| Contributions | 10/11 | €17,175 | €17,175 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€62,769 | -€74,777 | -€12,008 | -19.1% |
| Amounts payable | 17/49 | €653,527 | €459,456 | -€194,072 | -29.7% |
| Amounts payable after more than one year | 17 | €527,986 | €359,372 | -€168,614 | -31.9% |
| Financial debts | 170/4 | €527,986 | €359,372 | -€168,614 | -31.9% |
| Amounts payable within one year | 42/48 | €121,346 | €97,064 | -€24,282 | -20.0% |
| Current portion of amounts payable after more than one year | 42 | €31,682 | €22,673 | -€9,009 | -28.4% |
| Financial debts | 43 | €1,349 | - | -€1,349 | |
| Credit institutions | 430/8 | €1,349 | - | -€1,349 | |
| Trade debts | 44 | €4,012 | €6,761 | +€2,749 | +68.5% |
| Suppliers | 440/4 | €4,012 | €6,761 | +€2,749 | +68.5% |
| Advances received on contracts in progress | 46 | €29,040 | - | -€29,040 | |
| Taxes, remuneration and social security | 45 | €2,801 | - | -€2,801 | |
| Taxes | 450/3 | €2,801 | - | -€2,801 | |
| Other amounts payable | 47/48 | €52,463 | €67,630 | +€15,167 | +28.9% |
| Accrued charges and deferred income | 492/3 | €4,196 | €3,020 | -€1,176 | -28.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,879 | €25,752 | -€5,127 | -16.6% |
| Other operating charges | 640/8 | €3,766 | €8,525 | +€4,759 | +126% |
| Gross operating margin | 9900 | €54,747 | €33,470 | -€21,277 | -38.9% |
| Operating profit (loss) | 9901 | €20,101 | -€807 | -€20,909 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €15,416 | €11,201 | -€4,215 | -27.3% |
| Recurring financial charges | 65 | €15,416 | €11,201 | -€4,215 | -27.3% |
| Profit (loss) for the period before taxes | 9903 | €4,686 | -€12,008 | -€16,694 | |
| Profit (loss) for the period | 9904 | €4,686 | -€12,008 | -€16,694 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,686 | -€12,008 | -€16,694 |
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 20 October 2026 via checked.be.