TRIPY: 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.
TRIPY
Largest movements
- Stocks and contracts +€259,527
up €259,527 (+635.9%), from €40,815 to €300,342
- Cash -€178,880
down €178,880 (-53.5%), from €334,367 to €155,487
mainly Stocks and contracts (-€259,527) and Investment in fixed assets (net) (-€197,345)
- Intangible fixed assets +€121,582
up €121,582 (+69.1%), from €175,882 to €297,464
- Tangible fixed assets -€35,428
down €35,428 (-27.4%), from €129,506 to €94,078
of which Plant, machinery and equipment: -€48,618
- Trade debts +€106,597
up €106,597 (+318.4%), from €33,481 to €140,078
- Advances received +€69,649
new in 2025: €69,649
- Profit (loss) carried forward +€45,082
up €45,082 (+13.3%), from €339,207 to €384,290
- Current portion of long-term debt -€40,034
down €40,034 (-63.2%), from €63,324 to €23,289
- Debts after one year -€23,334
no longer reported in 2025 (was €23,334)
- Gross operating margin +€37,356
up €37,356 (+11.3%), from €331,033 to €368,390
- Staff costs +€35,541
up €35,541 (+36.7%), from €96,743 to €132,284
- Depreciation +€31,162
up €31,162 (+38.9%), from €80,030 to €111,192
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 | €723,593 | €897,045 | +€173,452 | +24.0% |
| Fixed assets | 21/28 | €305,517 | €391,671 | +€86,154 | +28.2% |
| Intangible fixed assets | 21 | €175,882 | €297,464 | +€121,582 | +69.1% |
| Tangible fixed assets | 22/27 | €129,506 | €94,078 | -€35,428 | -27.4% |
| Plant, machinery and equipment | 23 | €74,308 | €25,690 | -€48,618 | -65.4% |
| Furniture and vehicles | 24 | €2,720 | €2,821 | +€102 | +3.7% |
| Assets under construction and advance payments | 27 | €52,479 | €65,566 | +€13,088 | +24.9% |
| Financial fixed assets | 28 | €129 | €129 | = | 0.0% |
| Current assets | 29/58 | €418,075 | €505,374 | +€87,299 | +20.9% |
| Amounts receivable after more than one year | 29 | €2,278 | €2,278 | = | 0.0% |
| Trade receivables | 290 | €2,278 | €2,278 | = | 0.0% |
| Stocks and contracts in progress | 3 | €40,815 | €300,342 | +€259,527 | +635.9% |
| Stocks | 30/36 | €40,815 | €300,342 | +€259,527 | +635.9% |
| Amounts receivable within one year | 40/41 | €40,615 | €47,267 | +€6,652 | +16.4% |
| Trade receivables | 40 | €12,538 | €7,636 | -€4,902 | -39.1% |
| Other amounts receivable | 41 | €28,077 | €39,630 | +€11,553 | +41.1% |
| Cash at bank and in hand | 54/58 | €334,367 | €155,487 | -€178,880 | -53.5% |
| Total equity and liabilities | 10/49 | €723,593 | €897,045 | +€173,452 | +24.0% |
| Equity | 10/15 | €404,443 | €449,525 | +€45,082 | +11.1% |
| Contributions | 10/11 | €65,236 | €65,236 | = | 0.0% |
| Capital | 10 | €65,236 | €65,236 | = | 0.0% |
| Issued capital | 100 | €65,236 | €65,236 | = | 0.0% |
| Profit (loss) carried forward | 14 | €339,207 | €384,290 | +€45,082 | +13.3% |
| Amounts payable | 17/49 | €319,150 | €447,520 | +€128,370 | +40.2% |
| Amounts payable after more than one year | 17 | €23,334 | - | -€23,334 | |
| Financial debts | 170/4 | €23,334 | - | -€23,334 | |
| Amounts payable within one year | 42/48 | €187,841 | €329,335 | +€141,493 | +75.3% |
| Current portion of amounts payable after more than one year | 42 | €63,324 | €23,289 | -€40,034 | -63.2% |
| Trade debts | 44 | €33,481 | €140,078 | +€106,597 | +318.4% |
| Suppliers | 440/4 | €33,481 | €140,078 | +€106,597 | +318.4% |
| Advances received on contracts in progress | 46 | - | €69,649 | +€69,649 | |
| Taxes, remuneration and social security | 45 | €22,016 | €27,298 | +€5,282 | +24.0% |
| Taxes | 450/3 | €5,979 | €5,979 | = | 0.0% |
| Remuneration and social security | 454/9 | €16,037 | €21,319 | +€5,282 | +32.9% |
| Other amounts payable | 47/48 | €69,021 | €69,021 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €107,975 | €118,185 | +€10,210 | +9.5% |
| Non-recurring operating income | 76A | - | €65 | +€65 | |
| Remuneration, social security and pensions | 62 | €96,743 | €132,284 | +€35,541 | +36.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €80,030 | €111,192 | +€31,162 | +38.9% |
| Other operating charges | 640/8 | €1,890 | €1,590 | -€300 | -15.9% |
| Non-recurring operating charges | 66A | €32 | - | -€32 | |
| Gross operating margin | 9900 | €331,033 | €368,390 | +€37,356 | +11.3% |
| Operating profit (loss) | 9901 | €152,338 | €123,324 | -€29,015 | -19.0% |
| Financial income | 75/76B | - | €6 | +€6 | |
| Recurring financial income | 75 | - | €6 | +€6 | |
| Financial charges | 65/66B | €5,177 | €3,248 | -€1,930 | -37.3% |
| Recurring financial charges | 65 | €5,177 | €3,248 | -€1,930 | -37.3% |
| Profit (loss) for the period before taxes | 9903 | €147,161 | €120,082 | -€27,079 | -18.4% |
| Profit (loss) for the period | 9904 | €147,161 | €120,082 | -€27,079 | -18.4% |
| Profit (loss) for the period to be appropriated | 9905 | €147,161 | €120,082 | -€27,079 | -18.4% |
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 30 September 2026 via checked.be.