TRIPPLE P: 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.
TRIPPLE P
Largest movements
- Cash -€116,307
down €116,307 (-78.2%), from €148,731 to €32,424
mainly Debts after one year (-€66,714) and Investment in fixed assets (net) (-€60,133)
- Tangible fixed assets +€39,000
up €39,000 (+6.7%), from €583,008 to €622,008
- Debts after one year -€66,714
down €66,714 (-22.0%), from €303,601 to €236,887
- Reserves -€16,349
down €16,349 (-4.5%), from €365,187 to €348,837
- Financial charges -€2,716
down €2,716 (-19.3%), from €14,069 to €11,353
- Gross operating margin -€1,839
down €1,839 (-6.7%), from €27,644 to €25,805
- Other operating charges +€1,364
up €1,364 (+16.4%), from €8,304 to €9,668
- Taxes +€762
no longer reported in 2025 (was -€762)
- Depreciation +€642
up €642 (+3.1%), from €20,491 to €21,133
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 | €745,248 | €667,377 | -€77,871 | -10.4% |
| Fixed assets | 21/28 | €583,498 | €622,498 | +€39,000 | +6.7% |
| Tangible fixed assets | 22/27 | €583,008 | €622,008 | +€39,000 | +6.7% |
| Land and buildings | 22 | €583,008 | €622,008 | +€39,000 | +6.7% |
| Financial fixed assets | 28 | €490 | €490 | = | 0.0% |
| Current assets | 29/58 | €161,751 | €44,879 | -€116,872 | -72.3% |
| Amounts receivable within one year | 40/41 | €8,591 | €8,497 | -€93 | -1.1% |
| Trade receivables | 40 | €4,881 | €7,932 | +€3,050 | +62.5% |
| Other amounts receivable | 41 | €3,709 | €566 | -€3,144 | -84.7% |
| Cash at bank and in hand | 54/58 | €148,731 | €32,424 | -€116,307 | -78.2% |
| Deferred charges and accrued income | 490/1 | €4,429 | €3,958 | -€471 | -10.6% |
| Total equity and liabilities | 10/49 | €745,248 | €667,377 | -€77,871 | -10.4% |
| Equity | 10/15 | €371,387 | €355,037 | -€16,349 | -4.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €365,187 | €348,837 | -€16,349 | -4.5% |
| Distributable reserves | 133 | €365,187 | €348,837 | -€16,349 | -4.5% |
| Amounts payable | 17/49 | €373,862 | €312,340 | -€61,522 | -16.5% |
| Amounts payable after more than one year | 17 | €303,601 | €236,887 | -€66,714 | -22.0% |
| Financial debts | 170/4 | €303,601 | €236,887 | -€66,714 | -22.0% |
| Amounts payable within one year | 42/48 | €65,998 | €71,845 | +€5,848 | +8.9% |
| Current portion of amounts payable after more than one year | 42 | €64,532 | €66,714 | +€2,181 | +3.4% |
| Trade debts | 44 | €31 | €1,007 | +€975 | +3,118% |
| Suppliers | 440/4 | €31 | €1,007 | +€975 | +3,118% |
| Other amounts payable | 47/48 | €1,434 | €4,125 | +€2,691 | +188% |
| Accrued charges and deferred income | 492/3 | €4,263 | €3,607 | -€656 | -15.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,491 | €21,133 | +€642 | +3.1% |
| Other operating charges | 640/8 | €8,304 | €9,668 | +€1,364 | +16.4% |
| Gross operating margin | 9900 | €27,644 | €25,805 | -€1,839 | -6.7% |
| Operating profit (loss) | 9901 | -€1,151 | -€4,996 | -€3,846 | -334% |
| Financial charges | 65/66B | €14,069 | €11,353 | -€2,716 | -19.3% |
| Recurring financial charges | 65 | €14,069 | €11,353 | -€2,716 | -19.3% |
| Profit (loss) for the period before taxes | 9903 | -€15,220 | -€16,349 | -€1,129 | -7.4% |
| Income taxes | 67/77 | -€762 | - | +€762 | |
| Profit (loss) for the period | 9904 | -€14,458 | -€16,349 | -€1,891 | -13.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,458 | -€16,349 | -€1,891 | -13.1% |
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 20 October 2026 via checked.be.