TRIUMPH BENELUX: 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.
TRIUMPH BENELUX
Largest movements
- Receivables within one year -€55,131
down €55,131 (-19.3%), from €285,535 to €230,404
of which Trade receivables: -€59,706
- Cash -€8,906
down €8,906 (-18.8%), from €47,291 to €38,385
mainly Net result for the year (-€57,485) and Accrued charges and deferred income (-€57,066)
- Profit (loss) carried forward -€57,485
down €57,485, from €23,531 to -€33,954
- Accrued charges and deferred income -€57,066
down €57,066 (-97.4%), from €58,567 to €1,501
- Trade debts +€49,559
up €49,559 (+25.7%), from €192,677 to €242,235
- Staff costs +€39,190
up €39,190 (+18.5%), from €212,217 to €251,408
- Gross operating margin -€26,261
down €26,261 (-10.1%), from €261,277 to €235,015
- Other operating charges +€22,304
up €22,304 (+27,434%), from €81 to €22,386
- Financial charges +€12,797
up €12,797 (+307%), from €4,170 to €16,967
- Taxes -€6,385
down €6,385 (-94.1%), from €6,784 to €400
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 | €341,802 | €276,537 | -€65,264 | -19.1% |
| Fixed assets | 21/28 | €8,220 | €6,163 | -€2,057 | -25.0% |
| Tangible fixed assets | 22/27 | €2,770 | €713 | -€2,057 | -74.3% |
| Furniture and vehicles | 24 | €2,770 | €713 | -€2,057 | -74.3% |
| Financial fixed assets | 28 | €5,450 | €5,450 | = | 0.0% |
| Current assets | 29/58 | €333,581 | €270,374 | -€63,207 | -18.9% |
| Amounts receivable within one year | 40/41 | €285,535 | €230,404 | -€55,131 | -19.3% |
| Trade receivables | 40 | €285,535 | €225,829 | -€59,706 | -20.9% |
| Other amounts receivable | 41 | - | €4,576 | +€4,576 | |
| Cash at bank and in hand | 54/58 | €47,291 | €38,385 | -€8,906 | -18.8% |
| Deferred charges and accrued income | 490/1 | €756 | €1,585 | +€829 | +110% |
| Total equity and liabilities | 10/49 | €341,802 | €276,537 | -€65,264 | -19.1% |
| Equity | 10/15 | €42,131 | -€15,354 | -€57,485 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,531 | -€33,954 | -€57,485 | |
| Amounts payable | 17/49 | €299,671 | €291,891 | -€7,780 | -2.6% |
| Amounts payable within one year | 42/48 | €241,104 | €290,390 | +€49,286 | +20.4% |
| Trade debts | 44 | €192,677 | €242,235 | +€49,559 | +25.7% |
| Suppliers | 440/4 | €192,677 | €242,235 | +€49,559 | +25.7% |
| Taxes, remuneration and social security | 45 | €48,428 | €48,155 | -€273 | -0.6% |
| Taxes | 450/3 | €28,742 | €2,879 | -€25,863 | -90.0% |
| Remuneration and social security | 454/9 | €19,685 | €45,276 | +€25,590 | +130% |
| Accrued charges and deferred income | 492/3 | €58,567 | €1,501 | -€57,066 | -97.4% |
| Remuneration, social security and pensions | 62 | €212,217 | €251,408 | +€39,190 | +18.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,341 | €2,841 | +€500 | +21.4% |
| Other operating charges | 640/8 | €81 | €22,386 | +€22,304 | +27,434% |
| Gross operating margin | 9900 | €261,277 | €235,015 | -€26,261 | -10.1% |
| Operating profit (loss) | 9901 | €46,637 | -€41,619 | -€88,256 | |
| Financial income | 75/76B | - | €1,502 | +€1,502 | |
| Recurring financial income | 75 | - | €1,502 | +€1,502 | |
| Financial charges | 65/66B | €4,170 | €16,967 | +€12,797 | +307% |
| Recurring financial charges | 65 | €4,170 | €16,967 | +€12,797 | +307% |
| Profit (loss) for the period before taxes | 9903 | €42,467 | -€57,085 | -€99,552 | |
| Income taxes | 67/77 | €6,784 | €400 | -€6,385 | -94.1% |
| Profit (loss) for the period | 9904 | €35,682 | -€57,485 | -€93,167 | |
| Profit (loss) for the period to be appropriated | 9905 | €35,682 | -€57,485 | -€93,167 |
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.