TRISTEL: 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.
TRISTEL
Largest movements
- Stocks and contracts +€92,316
up €92,316 (+18.6%), from €495,546 to €587,863
- Cash +€83,012
up €83,012 (+60.0%), from €138,402 to €221,414
mainly Net result for the year (+€124,830) and Trade debts (+€71,300)
- Receivables within one year +€56,737
up €56,737 (+6.0%), from €946,286 to €1.0m
- Profit (loss) carried forward +€124,830
up €124,830 (+32.7%), from €381,700 to €506,530
- Trade debts +€71,300
up €71,300 (+31.2%), from €228,402 to €299,702
- Tax, wage and social debts +€23,798
up €23,798 (+15.0%), from €158,371 to €182,169
of which Remuneration and social security: +€21,087
- Gross operating margin +€43,217
up €43,217 (+5.3%), from €810,448 to €853,665
- Staff costs +€26,974
up €26,974 (+4.5%), from €596,500 to €623,474
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 | €1,665,257 | €1,884,501 | +€219,244 | +13.2% |
| Fixed assets | 21/28 | €70,273 | €55,698 | -€14,575 | -20.7% |
| Tangible fixed assets | 22/27 | €70,273 | €55,698 | -€14,575 | -20.7% |
| Plant, machinery and equipment | 23 | €11,307 | €7,161 | -€4,146 | -36.7% |
| Furniture and vehicles | 24 | €58,967 | €48,537 | -€10,429 | -17.7% |
| Current assets | 29/58 | €1,594,984 | €1,828,803 | +€233,819 | +14.7% |
| Stocks and contracts in progress | 3 | €495,546 | €587,863 | +€92,316 | +18.6% |
| Stocks | 30/36 | €495,546 | €587,863 | +€92,316 | +18.6% |
| Amounts receivable within one year | 40/41 | €946,286 | €1,003,024 | +€56,737 | +6.0% |
| Trade receivables | 40 | €946,286 | €1,003,024 | +€56,737 | +6.0% |
| Cash at bank and in hand | 54/58 | €138,402 | €221,414 | +€83,012 | +60.0% |
| Deferred charges and accrued income | 490/1 | €14,750 | €16,503 | +€1,753 | +11.9% |
| Total equity and liabilities | 10/49 | €1,665,257 | €1,884,501 | +€219,244 | +13.2% |
| Equity | 10/15 | €1,257,393 | €1,382,223 | +€124,830 | +9.9% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Capital | 10 | €250,000 | €250,000 | = | 0.0% |
| Issued capital | 100 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €625,693 | €625,693 | = | 0.0% |
| Non-distributable reserves | 130/1 | €25,000 | €25,000 | = | 0.0% |
| Legal reserve | 130 | €25,000 | €25,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €693 | €693 | = | 0.0% |
| Distributable reserves | 133 | €600,000 | €600,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €381,700 | €506,530 | +€124,830 | +32.7% |
| Amounts payable | 17/49 | €407,864 | €502,278 | +€94,414 | +23.1% |
| Amounts payable within one year | 42/48 | €386,773 | €481,871 | +€95,098 | +24.6% |
| Trade debts | 44 | €228,402 | €299,702 | +€71,300 | +31.2% |
| Suppliers | 440/4 | €228,402 | €299,702 | +€71,300 | +31.2% |
| Taxes, remuneration and social security | 45 | €158,371 | €182,169 | +€23,798 | +15.0% |
| Taxes | 450/3 | €41,459 | €44,170 | +€2,710 | +6.5% |
| Remuneration and social security | 454/9 | €116,912 | €137,999 | +€21,087 | +18.0% |
| Accrued charges and deferred income | 492/3 | €21,091 | €20,407 | -€684 | -3.2% |
| Remuneration, social security and pensions | 62 | €596,500 | €623,474 | +€26,974 | +4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,653 | €21,214 | +€2,561 | +13.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€671 | -€91 | +€579 | +86.4% |
| Other operating charges | 640/8 | €19,667 | €20,294 | +€627 | +3.2% |
| Gross operating margin | 9900 | €810,448 | €853,665 | +€43,217 | +5.3% |
| Operating profit (loss) | 9901 | €176,299 | €188,775 | +€12,476 | +7.1% |
| Financial income | 75/76B | €195 | €517 | +€321 | +164% |
| Recurring financial income | 75 | €195 | €517 | +€321 | +164% |
| Financial charges | 65/66B | €8,806 | €7,995 | -€811 | -9.2% |
| Recurring financial charges | 65 | €8,806 | €7,995 | -€811 | -9.2% |
| Profit (loss) for the period before taxes | 9903 | €167,688 | €181,297 | +€13,609 | +8.1% |
| Income taxes | 67/77 | €48,280 | €56,466 | +€8,187 | +17.0% |
| Profit (loss) for the period | 9904 | €119,408 | €124,830 | +€5,422 | +4.5% |
| Profit (loss) for the period to be appropriated | 9905 | €119,408 | €124,830 | +€5,422 | +4.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.