TripleW: 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.
What changed
TripleW
NACE 72.101, Research and development on biotechnology
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€447,797
2024 · €82,222+€365,576
Equity
€7.8m
2024 · €226,675+€7.5m
Cash
€70,807
2024 · €96,713-€25,907
Balance sheet total
€18.1m
2024 · €5.3m+€12.8m
Largest movements
Assets
- Receivables after one year +€9.5m
new in 2025: €9.5m
- Receivables within one year +€2.6m
up €2.6m (+65.7%), from €3.9m to €6.5m
of which Trade receivables: +€2.2m
- Tangible fixed assets +€795,805
up €795,805 (+61.7%), from €1.3m to €2.1m
of which Plant, machinery and equipment: +€551,080
Equity and liabilities
- Investment grants +€7.1m
new in 2025: €7.1m
- Provisions +€2.4m
new in 2025: €2.4m
- Other debts +€1.6m
up €1.6m (+75.4%), from €2.2m to €3.8m
- Trade debts +€657,453
up €657,453 (+754.1%), from €87,186 to €744,639
- Short-term financial debts +€450,000
new in 2025: €450,000
Income statement
- Gross operating margin +€1.1m
up €1.1m (+88.9%), from €1.3m to €2.4m
- Staff costs +€671,426
up €671,426 (+62.0%), from €1.1m to €1.8m
- Depreciation +€84,296
up €84,296 (+78.3%), from €107,696 to €191,992
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.
Result 2024
€82,222
Gross operating margin
+€1.1m
Staff costs
-€671,426
Depreciation
-€84,296
Other operating charges
-€2,046
Financial income
+€594
Financial charges
-€15,657
Taxes
-€1,131
Result 2025
€447,797
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.
From operations
-€6.6m
Investment
-€993,047
Financing
+€7.5m
Cash 2024
€96,713
From operations (derived)
-€6.6m
Net result for the year
+€447,797
Depreciation
+€191,992
Receivables after one year
-€9.5m
Receivables within one year
-€2.6m
Smaller working-capital items
+€12,491
Provisions
+€2.4m
Trade debts
+€657,453
Other debts
+€1.6m
Accrued charges and deferred income
+€143,395
Investment (derived)
-€993,047
Investment in fixed assets (net)
-€993,047
Financing
+€7.5m
Short-term financial debts
+€450,000
Contributions, distributions and other
+€7.1m
Cash 2025
€70,807
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,330,121 | €18,112,206 | +€12.8m | +239.8% |
| Fixed assets | 21/28 | €1,307,477 | €2,108,532 | +€801,055 | +61.3% |
| Tangible fixed assets | 22/27 | €1,289,398 | €2,085,203 | +€795,805 | +61.7% |
| Land and buildings | 22 | €434,494 | €660,901 | +€226,407 | +52.1% |
| Plant, machinery and equipment | 23 | €854,904 | €1,405,985 | +€551,080 | +64.5% |
| Furniture and vehicles | 24 | €0 | €18,318 | +€18,318 | |
| Financial fixed assets | 28 | €18,079 | €23,329 | +€5,250 | +29.0% |
| Current assets | 29/58 | €4,022,644 | €16,003,675 | +€12.0m | +297.8% |
| Amounts receivable after more than one year | 29 | - | €9,451,000 | +€9.5m | |
| Other amounts receivable | 291 | - | €9,451,000 | +€9.5m | |
| Amounts receivable within one year | 40/41 | €3,895,808 | €6,455,519 | +€2.6m | +65.7% |
| Trade receivables | 40 | €1,897,030 | €4,144,025 | +€2.2m | +118.4% |
| Other amounts receivable | 41 | €1,998,778 | €2,311,494 | +€312,716 | +15.6% |
| Cash at bank and in hand | 54/58 | €96,713 | €70,807 | -€25,907 | -26.8% |
| Deferred charges and accrued income | 490/1 | €30,123 | €26,349 | -€3,774 | -12.5% |
| Total equity and liabilities | 10/49 | €5,330,121 | €18,112,206 | +€12.8m | +239.8% |
| Equity | 10/15 | €226,675 | €7,762,722 | +€7.5m | +3324.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €214,275 | €662,072 | +€447,797 | +209.0% |
| Investment grants | 15 | - | €7,088,250 | +€7.1m | |
| Provisions and deferred taxes | 16 | - | €2,362,750 | +€2.4m | |
| Deferred taxes | 168 | - | €2,362,750 | +€2.4m | |
| Amounts payable | 17/49 | €5,103,447 | €7,986,734 | +€2.9m | +56.5% |
| Amounts payable within one year | 42/48 | €2,417,640 | €5,157,533 | +€2.7m | +113.3% |
| Financial debts | 43 | - | €450,000 | +€450,000 | |
| Credit institutions | 430/8 | - | €450,000 | +€450,000 | |
| Trade debts | 44 | €87,186 | €744,639 | +€657,453 | +754.1% |
| Suppliers | 440/4 | €87,186 | €744,639 | +€657,453 | +754.1% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €176,850 | €185,567 | +€8,718 | +4.9% |
| Taxes | 450/3 | €18,293 | €4,020 | -€14,273 | -78.0% |
| Remuneration and social security | 454/9 | €158,557 | €181,548 | +€22,991 | +14.5% |
| Other amounts payable | 47/48 | €2,153,605 | €3,777,327 | +€1.6m | +75.4% |
| Accrued charges and deferred income | 492/3 | €2,685,806 | €2,829,201 | +€143,395 | +5.3% |
| Remuneration, social security and pensions | 62 | €1,083,687 | €1,755,113 | +€671,426 | +62.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €107,696 | €191,992 | +€84,296 | +78.3% |
| Other operating charges | 640/8 | €439 | €2,485 | +€2,046 | +466.4% |
| Gross operating margin | 9900 | €1,282,145 | €2,421,682 | +€1.1m | +88.9% |
| Operating profit (loss) | 9901 | €90,323 | €472,092 | +€381,769 | +422.7% |
| Financial income | 75/76B | €43 | €636 | +€594 | +1384.3% |
| Recurring financial income | 75 | €43 | €636 | +€594 | +1384.3% |
| Financial charges | 65/66B | €6,748 | €22,404 | +€15,657 | +232.0% |
| Recurring financial charges | 65 | €6,748 | €22,404 | +€15,657 | +232.0% |
| Profit (loss) for the period before taxes | 9903 | €83,618 | €450,325 | +€366,706 | +438.5% |
| Income taxes | 67/77 | €1,397 | €2,527 | +€1,131 | +80.9% |
| Profit (loss) for the period | 9904 | €82,222 | €447,797 | +€365,576 | +444.6% |
| Profit (loss) for the period to be appropriated | 9905 | €82,222 | €447,797 | +€365,576 | +444.6% |
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 12 October 2026 via checked.be.