Tristar Sd: 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.
Tristar Sd
Largest movements
- Cash +€261,595
up €261,595 (+8.6%), from €3.0m to €3.3m
mainly Net result for the year (+€584,742) and Stocks and contracts (+€172,708)
- Current investments +€200,058
new in 2025: €200,058
- Stocks and contracts -€172,708
down €172,708 (-19.9%), from €869,355 to €696,647
- Receivables within one year +€53,710
up €53,710 (+8.4%), from €638,704 to €692,414
of which Trade receivables: +€72,187
- Reserves +€584,700
up €584,700 (+21.8%), from €2.7m to €3.3m
of which Distributable reserves: +€584,700
- Trade debts -€331,533
down €331,533 (-43.6%), from €759,623 to €428,091
- Tax, wage and social debts +€90,662
up €90,662 (+356%), from €25,433 to €116,094
- Gross operating margin +€100,998
up €100,998 (+13.2%), from €767,737 to €868,735
- Write-downs -€58,989
down €58,989, from €27,559 to -€31,430
- Taxes +€44,390
up €44,390 (+19.8%), from €223,884 to €268,274
- Financial income -€38,051
down €38,051 (-28.9%), from €131,777 to €93,726
- Financial charges +€10,760
up €10,760 (+12.8%), from €84,045 to €94,806
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 | €4,908,351 | €5,271,627 | +€363,276 | +7.4% |
| Fixed assets | 21/28 | €367,913 | €374,302 | +€6,389 | +1.7% |
| Tangible fixed assets | 22/27 | €367,913 | €374,302 | +€6,389 | +1.7% |
| Land and buildings | 22 | €323,314 | €300,311 | -€23,002 | -7.1% |
| Plant, machinery and equipment | 23 | €5,029 | €8,421 | +€3,393 | +67.5% |
| Furniture and vehicles | 24 | €39,570 | €65,569 | +€25,999 | +65.7% |
| Current assets | 29/58 | €4,540,438 | €4,897,325 | +€356,887 | +7.9% |
| Stocks and contracts in progress | 3 | €869,355 | €696,647 | -€172,708 | -19.9% |
| Stocks | 30/36 | €869,355 | €696,647 | -€172,708 | -19.9% |
| Amounts receivable within one year | 40/41 | €638,704 | €692,414 | +€53,710 | +8.4% |
| Trade receivables | 40 | €619,689 | €691,876 | +€72,187 | +11.6% |
| Other amounts receivable | 41 | €19,016 | €538 | -€18,477 | -97.2% |
| Current investments | 50/53 | - | €200,058 | +€200,058 | |
| Cash at bank and in hand | 54/58 | €3,025,971 | €3,287,566 | +€261,595 | +8.6% |
| Deferred charges and accrued income | 490/1 | €6,408 | €20,641 | +€14,233 | +222% |
| Total equity and liabilities | 10/49 | €4,908,351 | €5,271,627 | +€363,276 | +7.4% |
| Equity | 10/15 | €3,194,976 | €3,778,962 | +€583,986 | +18.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €2,676,476 | €3,261,176 | +€584,700 | +21.8% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €241,880 | €241,880 | = | 0.0% |
| Distributable reserves | 133 | €2,434,596 | €3,019,296 | +€584,700 | +24.0% |
| Profit (loss) carried forward | 14 | €495,451 | €495,492 | +€42 | 0.0% |
| Investment grants | 15 | €4,457 | €3,701 | -€756 | -17.0% |
| Amounts payable | 17/49 | €1,713,376 | €1,492,665 | -€220,710 | -12.9% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €1,642,470 | €1,423,576 | -€218,894 | -13.3% |
| Current portion of amounts payable after more than one year | 42 | €5,657 | €0 | -€5,657 | -100% |
| Trade debts | 44 | €759,623 | €428,091 | -€331,533 | -43.6% |
| Suppliers | 440/4 | €759,623 | €428,091 | -€331,533 | -43.6% |
| Taxes, remuneration and social security | 45 | €25,433 | €116,094 | +€90,662 | +356% |
| Taxes | 450/3 | €25,433 | €116,094 | +€90,662 | +356% |
| Other amounts payable | 47/48 | €851,757 | €879,391 | +€27,634 | +3.2% |
| Accrued charges and deferred income | 492/3 | €70,906 | €69,089 | -€1,817 | -2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,302 | €39,314 | +€6,013 | +18.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €27,559 | -€31,430 | -€58,989 | |
| Other operating charges | 640/8 | €5,984 | €6,754 | +€770 | +12.9% |
| Gross operating margin | 9900 | €767,737 | €868,735 | +€100,998 | +13.2% |
| Operating profit (loss) | 9901 | €700,892 | €854,096 | +€153,204 | +21.9% |
| Financial income | 75/76B | €131,777 | €93,726 | -€38,051 | -28.9% |
| Recurring financial income | 75 | €131,777 | €93,726 | -€38,051 | -28.9% |
| Financial charges | 65/66B | €84,045 | €94,806 | +€10,760 | +12.8% |
| Recurring financial charges | 65 | €84,045 | €94,806 | +€10,760 | +12.8% |
| Profit (loss) for the period before taxes | 9903 | €748,623 | €853,016 | +€104,393 | +13.9% |
| Income taxes | 67/77 | €223,884 | €268,274 | +€44,390 | +19.8% |
| Profit (loss) for the period | 9904 | €524,739 | €584,742 | +€60,003 | +11.4% |
| Transfer from tax-exempt reserves | 789 | €135,280 | €0 | -€135,280 | -100% |
| Transfer to tax-exempt reserves | 689 | €223,130 | €0 | -€223,130 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €436,889 | €584,742 | +€147,853 | +33.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.