TRIUMFINANCE: 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.
TRIUMFINANCE
Largest movements
- Current investments -€420,000
no longer reported in 2025 (was €420,000)
- Intangible fixed assets -€176,143
down €176,143 (-24.0%), from €734,974 to €558,831
- Cash +€123,558
up €123,558 (+79.0%), from €156,422 to €279,980
mainly Current investments (+€420,000) and Depreciation (+€205,339)
- Receivables within one year +€80,017
up €80,017 (+63.7%), from €125,581 to €205,598
of which Trade receivables: +€79,181
- Tangible fixed assets +€26,269
up €26,269 (+20.0%), from €131,187 to €157,456
of which Other tangible fixed assets: +€14,296
- Debts after one year -€499,632
down €499,632 (-66.5%), from €751,725 to €252,093
of which Financial debts: -€729,076
- Profit (loss) carried forward +€167,396
up €167,396 (+64.0%), from €261,365 to €428,761
- Tax, wage and social debts -€83,334
down €83,334 (-74.9%), from €111,235 to €27,901
of which Taxes: -€85,633
- Trade debts +€67,435
up €67,435 (+500.7%), from €13,469 to €80,904
- Current portion of long-term debt -€19,452
down €19,452 (-77.9%), from €24,970 to €5,518
- Staff costs +€92,154
up €92,154 (+37.7%), from €244,150 to €336,304
- Gross operating margin +€65,707
up €65,707 (+8.8%), from €745,145 to €810,852
- Financial income -€20,948
down €20,948 (-84.9%), from €24,668 to €3,720
of which Non-recurring financial income: -€16,573
- Taxes -€15,863
down €15,863 (-19.5%), from €81,182 to €65,319
- Financial charges +€14,149
up €14,149 (+88.6%), from €15,973 to €30,122
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 | €1,568,164 | €1,203,365 | -€364,799 | -23.3% |
| Fixed assets | 21/28 | €866,161 | €716,287 | -€149,874 | -17.3% |
| Intangible fixed assets | 21 | €734,974 | €558,831 | -€176,143 | -24.0% |
| Tangible fixed assets | 22/27 | €131,187 | €157,456 | +€26,269 | +20.0% |
| Furniture and vehicles | 24 | €77,227 | €89,200 | +€11,973 | +15.5% |
| Other tangible fixed assets | 26 | €53,960 | €68,256 | +€14,296 | +26.5% |
| Current assets | 29/58 | €702,003 | €487,078 | -€214,925 | -30.6% |
| Amounts receivable within one year | 40/41 | €125,581 | €205,598 | +€80,017 | +63.7% |
| Trade receivables | 40 | €69,651 | €148,832 | +€79,181 | +113.7% |
| Other amounts receivable | 41 | €55,930 | €56,766 | +€836 | +1.5% |
| Current investments | 50/53 | €420,000 | - | -€420,000 | |
| Cash at bank and in hand | 54/58 | €156,422 | €279,980 | +€123,558 | +79.0% |
| Deferred charges and accrued income | 490/1 | - | €1,500 | +€1,500 | |
| Total equity and liabilities | 10/49 | €1,568,164 | €1,203,365 | -€364,799 | -23.3% |
| Equity | 10/15 | €657,865 | €825,261 | +€167,396 | +25.4% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Capital | 10 | €125,000 | €125,000 | = | 0.0% |
| Issued capital | 100 | €125,000 | €125,000 | = | 0.0% |
| Reserves | 13 | €271,500 | €271,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,500 | €12,500 | = | 0.0% |
| Legal reserve | 130 | €12,500 | €12,500 | = | 0.0% |
| Distributable reserves | 133 | €259,000 | €259,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €261,365 | €428,761 | +€167,396 | +64.0% |
| Amounts payable | 17/49 | €910,299 | €378,104 | -€532,195 | -58.5% |
| Amounts payable after more than one year | 17 | €751,725 | €252,093 | -€499,632 | -66.5% |
| Financial debts | 170/4 | €751,725 | €22,649 | -€729,076 | -97.0% |
| Other amounts payable | 178/9 | - | €229,444 | +€229,444 | |
| Amounts payable within one year | 42/48 | €149,674 | €117,611 | -€32,063 | -21.4% |
| Current portion of amounts payable after more than one year | 42 | €24,970 | €5,518 | -€19,452 | -77.9% |
| Trade debts | 44 | €13,469 | €80,904 | +€67,435 | +500.7% |
| Suppliers | 440/4 | €13,469 | €80,904 | +€67,435 | +500.7% |
| Taxes, remuneration and social security | 45 | €111,235 | €27,901 | -€83,334 | -74.9% |
| Taxes | 450/3 | €85,796 | €163 | -€85,633 | -99.8% |
| Remuneration and social security | 454/9 | €25,439 | €27,738 | +€2,299 | +9.0% |
| Other amounts payable | 47/48 | - | €3,288 | +€3,288 | |
| Accrued charges and deferred income | 492/3 | €8,900 | €8,400 | -€500 | -5.6% |
| Remuneration, social security and pensions | 62 | €244,150 | €336,304 | +€92,154 | +37.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €201,106 | €205,339 | +€4,233 | +2.1% |
| Other operating charges | 640/8 | €9,629 | €10,092 | +€463 | +4.8% |
| Gross operating margin | 9900 | €745,145 | €810,852 | +€65,707 | +8.8% |
| Operating profit (loss) | 9901 | €290,260 | €259,117 | -€31,143 | -10.7% |
| Financial income | 75/76B | €24,668 | €3,720 | -€20,948 | -84.9% |
| Recurring financial income | 75 | €8,095 | €3,720 | -€4,375 | -54.0% |
| Non-recurring financial income | 76B | €16,573 | - | -€16,573 | |
| Financial charges | 65/66B | €15,973 | €30,122 | +€14,149 | +88.6% |
| Recurring financial charges | 65 | €15,973 | €30,122 | +€14,149 | +88.6% |
| Profit (loss) for the period before taxes | 9903 | €298,955 | €232,715 | -€66,240 | -22.2% |
| Income taxes | 67/77 | €81,182 | €65,319 | -€15,863 | -19.5% |
| Profit (loss) for the period | 9904 | €217,773 | €167,396 | -€50,377 | -23.1% |
| Profit (loss) for the period to be appropriated | 9905 | €217,773 | €167,396 | -€50,377 | -23.1% |
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.