TRISINVEST: 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.
TRISINVEST
Largest movements
- Cash -€4.3m
down €4.3m (-94.5%), from €4.6m to €249,912
mainly Other debts (-€3.0m) and Contributions, distributions and other (-€1.5m)
- Current investments +€450,000
up €450,000 (+37.5%), from €1.2m to €1.7m
- Tangible fixed assets -€240,521
down €240,521 (-3.5%), from €6.8m to €6.6m
of which Land and buildings: -€266,586
- Other debts -€3.0m
down €3.0m (-66.6%), from €4.5m to €1.5m
- Reserves -€879,900
down €879,900 (-10.3%), from €8.6m to €7.7m
of which Distributable reserves: -€819,466
- Financial income -€214,432
down €214,432 (-75.2%), from €285,124 to €70,692
- Taxes -€47,294
down €47,294 (-17.2%), from €275,668 to €228,374
- Gross operating margin +€46,228
up €46,228 (+4.0%), from €1.1m to €1.2m
- Depreciation +€17,005
up €17,005 (+5.2%), from €328,302 to €345,308
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 | €13,803,704 | €9,689,924 | -€4.1m | -29.8% |
| Fixed assets | 21/28 | €6,824,168 | €6,583,647 | -€240,521 | -3.5% |
| Tangible fixed assets | 22/27 | €6,824,168 | €6,583,647 | -€240,521 | -3.5% |
| Land and buildings | 22 | €6,744,841 | €6,478,255 | -€266,586 | -4.0% |
| Plant, machinery and equipment | 23 | €79,327 | €105,392 | +€26,065 | +32.9% |
| Current assets | 29/58 | €6,979,536 | €3,106,276 | -€3.9m | -55.5% |
| Amounts receivable after more than one year | 29 | €1,100,000 | €1,100,000 | = | 0.0% |
| Other amounts receivable | 291 | €1,100,000 | €1,100,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €48,804 | €65,601 | +€16,797 | +34.4% |
| Trade receivables | 40 | €48,804 | €65,601 | +€16,797 | +34.4% |
| Current investments | 50/53 | €1,200,000 | €1,650,000 | +€450,000 | +37.5% |
| Cash at bank and in hand | 54/58 | €4,554,084 | €249,912 | -€4.3m | -94.5% |
| Deferred charges and accrued income | 490/1 | €76,648 | €40,764 | -€35,884 | -46.8% |
| Total equity and liabilities | 10/49 | €13,803,704 | €9,689,924 | -€4.1m | -29.8% |
| Equity | 10/15 | €8,667,835 | €7,787,935 | -€879,900 | -10.2% |
| Contributions | 10/11 | €88,000 | €88,000 | = | 0.0% |
| Capital | 10 | €88,000 | €88,000 | = | 0.0% |
| Issued capital | 100 | €88,000 | €88,000 | = | 0.0% |
| Reserves | 13 | €8,579,835 | €7,699,935 | -€879,900 | -10.3% |
| Non-distributable reserves | 130/1 | €15,511 | €15,511 | = | 0.0% |
| Legal reserve | 130 | €8,800 | €8,800 | = | 0.0% |
| Other | 1319 | €6,711 | €6,711 | = | 0.0% |
| Tax-exempt reserves | 132 | €757,143 | €696,710 | -€60,433 | -8.0% |
| Distributable reserves | 133 | €7,807,180 | €6,987,714 | -€819,466 | -10.5% |
| Provisions and deferred taxes | 16 | €252,381 | €232,237 | -€20,144 | -8.0% |
| Deferred taxes | 168 | €252,381 | €232,237 | -€20,144 | -8.0% |
| Amounts payable | 17/49 | €4,883,488 | €1,669,752 | -€3.2m | -65.8% |
| Amounts payable within one year | 42/48 | €4,622,871 | €1,513,395 | -€3.1m | -67.3% |
| Trade debts | 44 | €79,165 | €4,540 | -€74,626 | -94.3% |
| Suppliers | 440/4 | €79,165 | €4,540 | -€74,626 | -94.3% |
| Taxes, remuneration and social security | 45 | €53,511 | €8,536 | -€44,975 | -84.0% |
| Taxes | 450/3 | €53,511 | €8,536 | -€44,975 | -84.0% |
| Other amounts payable | 47/48 | €4,490,195 | €1,500,319 | -€3.0m | -66.6% |
| Accrued charges and deferred income | 492/3 | €260,617 | €156,357 | -€104,260 | -40.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €328,302 | €345,308 | +€17,005 | +5.2% |
| Other operating charges | 640/8 | €85,204 | €86,562 | +€1,358 | +1.6% |
| Gross operating margin | 9900 | €1,143,888 | €1,190,116 | +€46,228 | +4.0% |
| Operating profit (loss) | 9901 | €730,383 | €758,247 | +€27,864 | +3.8% |
| Financial income | 75/76B | €285,124 | €70,692 | -€214,432 | -75.2% |
| Recurring financial income | 75 | €285,124 | €70,692 | -€214,432 | -75.2% |
| Financial charges | 65/66B | €640 | €610 | -€30 | -4.7% |
| Recurring financial charges | 65 | €640 | €610 | -€30 | -4.7% |
| Profit (loss) for the period before taxes | 9903 | €1,014,868 | €828,330 | -€186,537 | -18.4% |
| Transfer from deferred taxes | 780 | €22,579 | €20,144 | -€2,435 | -10.8% |
| Income taxes | 67/77 | €275,668 | €228,374 | -€47,294 | -17.2% |
| Profit (loss) for the period | 9904 | €761,779 | €620,100 | -€141,679 | -18.6% |
| Transfer from tax-exempt reserves | 789 | €67,738 | €60,433 | -€7,305 | -10.8% |
| Profit (loss) for the period to be appropriated | 9905 | €829,517 | €680,534 | -€148,984 | -18.0% |
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 29 October 2026 via checked.be.