TRIUM: 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.
TRIUM
Largest movements
- Receivables within one year -€239,289
down €239,289 (-23.6%), from €1.0m to €772,837
of which Trade receivables: -€235,601
- Cash -€80,358
down €80,358 (-35.5%), from €226,565 to €146,207
mainly Investment in fixed assets (net) (-€166,119) and Trade debts (-€139,397)
- Tangible fixed assets +€74,868
up €74,868 (+52.0%), from €144,054 to €218,922
of which Furniture and vehicles: +€72,251
- Stocks and contracts -€21,903
down €21,903 (-6.4%), from €342,848 to €320,944
- Profit (loss) carried forward +€349,425
up €349,425, from -€340,738 to €8,687
- Reserves -€324,120
down €324,120 (-95.3%), from €340,120 to €16,000
of which Distributable reserves: -€324,120
- Trade debts -€139,397
down €139,397 (-26.4%), from €528,859 to €389,462
- Accrued charges and deferred income -€105,643
down €105,643 (-51.6%), from €204,665 to €99,022
- Tax, wage and social debts -€33,401
down €33,401 (-8.4%), from €398,556 to €365,154
of which Taxes: -€41,029
- Financial charges -€419,152
down €419,152 (-91.5%), from €457,896 to €38,744
of which Non-recurring financial charges: -€412,496
- Staff costs +€346,883
up €346,883 (+17.1%), from €2.0m to €2.4m
- Gross operating margin +€149,401
up €149,401 (+6.2%), from €2.4m to €2.6m
- Taxes -€82,453
down €82,453 (-96.6%), from €85,355 to €2,903
- Depreciation +€28,447
up €28,447 (+49.5%), from €57,512 to €85,959
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,780,550 | €1,514,578 | -€265,972 | -14.9% |
| Fixed assets | 21/28 | €168,096 | €248,256 | +€80,160 | +47.7% |
| Intangible fixed assets | 21 | €20,443 | €25,735 | +€5,292 | +25.9% |
| Tangible fixed assets | 22/27 | €144,054 | €218,922 | +€74,868 | +52.0% |
| Plant, machinery and equipment | 23 | €10,286 | €12,903 | +€2,617 | +25.4% |
| Furniture and vehicles | 24 | €133,768 | €206,019 | +€72,251 | +54.0% |
| Financial fixed assets | 28 | €3,600 | €3,600 | = | 0.0% |
| Current assets | 29/58 | €1,612,454 | €1,266,322 | -€346,132 | -21.5% |
| Stocks and contracts in progress | 3 | €342,848 | €320,944 | -€21,903 | -6.4% |
| Stocks | 30/36 | €342,848 | €320,944 | -€21,903 | -6.4% |
| Amounts receivable within one year | 40/41 | €1,012,126 | €772,837 | -€239,289 | -23.6% |
| Trade receivables | 40 | €939,131 | €703,530 | -€235,601 | -25.1% |
| Other amounts receivable | 41 | €72,995 | €69,307 | -€3,688 | -5.1% |
| Cash at bank and in hand | 54/58 | €226,565 | €146,207 | -€80,358 | -35.5% |
| Deferred charges and accrued income | 490/1 | €30,915 | €26,334 | -€4,581 | -14.8% |
| Total equity and liabilities | 10/49 | €1,780,550 | €1,514,578 | -€265,972 | -14.9% |
| Equity | 10/15 | €61,382 | €86,687 | +€25,305 | +41.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €340,120 | €16,000 | -€324,120 | -95.3% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €9,800 | €9,800 | = | 0.0% |
| Distributable reserves | 133 | €324,120 | - | -€324,120 | |
| Profit (loss) carried forward | 14 | -€340,738 | €8,687 | +€349,425 | |
| Provisions and deferred taxes | 16 | €7,214 | €3,350 | -€3,864 | -53.6% |
| Provisions for liabilities and charges | 160/5 | €7,214 | €3,350 | -€3,864 | -53.6% |
| Other liabilities and charges | 164/5 | €7,214 | €3,350 | -€3,864 | -53.6% |
| Amounts payable | 17/49 | €1,711,955 | €1,424,542 | -€287,413 | -16.8% |
| Amounts payable after more than one year | 17 | €300,000 | €300,000 | = | 0.0% |
| Financial debts | 170/4 | €300,000 | €300,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,207,290 | €1,025,520 | -€181,770 | -15.1% |
| Current portion of amounts payable after more than one year | 42 | €50,000 | €50,000 | = | 0.0% |
| Financial debts | 43 | €200,000 | €200,000 | = | 0.0% |
| Credit institutions | 430/8 | €200,000 | €200,000 | = | 0.0% |
| Trade debts | 44 | €528,859 | €389,462 | -€139,397 | -26.4% |
| Suppliers | 440/4 | €528,859 | €389,462 | -€139,397 | -26.4% |
| Advances received on contracts in progress | 46 | €29,874 | €20,903 | -€8,971 | -30.0% |
| Taxes, remuneration and social security | 45 | €398,556 | €365,154 | -€33,401 | -8.4% |
| Taxes | 450/3 | €86,292 | €45,263 | -€41,029 | -47.5% |
| Remuneration and social security | 454/9 | €312,264 | €319,891 | +€7,627 | +2.4% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €204,665 | €99,022 | -€105,643 | -51.6% |
| Non-recurring operating income | 76A | - | €15,077 | +€15,077 | |
| Remuneration, social security and pensions | 62 | €2,031,399 | €2,378,282 | +€346,883 | +17.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,512 | €85,959 | +€28,447 | +49.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €11,884 | €2,333 | -€9,551 | -80.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€4,274 | -€3,864 | +€410 | +9.6% |
| Other operating charges | 640/8 | €23,584 | €21,948 | -€1,636 | -6.9% |
| Non-recurring operating charges | 66A | €0 | €18,351 | +€18,351 | |
| Gross operating margin | 9900 | €2,413,769 | €2,563,170 | +€149,401 | +6.2% |
| Operating profit (loss) | 9901 | €293,664 | €60,161 | -€233,502 | -79.5% |
| Financial income | 75/76B | €4,250 | €6,790 | +€2,541 | +59.8% |
| Recurring financial income | 75 | €4,250 | €6,790 | +€2,541 | +59.8% |
| Financial charges | 65/66B | €457,896 | €38,744 | -€419,152 | -91.5% |
| Recurring financial charges | 65 | €45,400 | €38,744 | -€6,656 | -14.7% |
| Non-recurring financial charges | 66B | €412,496 | - | -€412,496 | |
| Profit (loss) for the period before taxes | 9903 | -€159,983 | €28,208 | +€188,190 | |
| Income taxes | 67/77 | €85,355 | €2,903 | -€82,453 | -96.6% |
| Profit (loss) for the period | 9904 | -€245,338 | €25,305 | +€270,643 | |
| Profit (loss) for the period to be appropriated | 9905 | -€245,338 | €25,305 | +€270,643 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.