TRIUMPHUS: 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.
TRIUMPHUS
Largest movements
- Receivables within one year +€59,972
up €59,972 (+30.2%), from €198,706 to €258,677
of which Trade receivables: +€93,917
- Tangible fixed assets -€41,490
down €41,490 (-8.9%), from €466,158 to €424,669
of which Furniture and vehicles: -€21,315
- Receivables after one year +€19,000
up €19,000 (+64.4%), from €29,500 to €48,500
- Other debts +€81,892
up €81,892 (+2856.0%), from €2,867 to €84,760
- Current portion of long-term debt -€34,754
down €34,754 (-57.1%), from €60,844 to €26,090
- Trade debts -€33,238
down €33,238 (-79.2%), from €41,961 to €8,723
- Tax, wage and social debts +€24,311
up €24,311 (+65.9%), from €36,917 to €61,228
- Debts after one year -€21,144
down €21,144 (-7.4%), from €286,328 to €265,184
- Gross operating margin +€152,588
up €152,588 (+192.6%), from €79,212 to €231,799
- Taxes +€34,418
up €34,418 (+461.4%), from €7,460 to €41,878
- Financial charges +€4,887
up €4,887 (+46.8%), from €10,440 to €15,327
- Other operating charges -€3,815
down €3,815 (-52.0%), from €7,342 to €3,527
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 | €704,888 | €740,914 | +€36,026 | +5.1% |
| Fixed assets | 21/28 | €466,158 | €424,669 | -€41,490 | -8.9% |
| Tangible fixed assets | 22/27 | €466,158 | €424,669 | -€41,490 | -8.9% |
| Land and buildings | 22 | €39,288 | €21,514 | -€17,774 | -45.2% |
| Furniture and vehicles | 24 | €74,104 | €52,789 | -€21,315 | -28.8% |
| Other tangible fixed assets | 26 | €352,766 | €350,366 | -€2,400 | -0.7% |
| Current assets | 29/58 | €238,730 | €316,246 | +€77,516 | +32.5% |
| Amounts receivable after more than one year | 29 | €29,500 | €48,500 | +€19,000 | +64.4% |
| Other amounts receivable | 291 | €29,500 | €48,500 | +€19,000 | +64.4% |
| Amounts receivable within one year | 40/41 | €198,706 | €258,677 | +€59,972 | +30.2% |
| Trade receivables | 40 | €87,989 | €181,905 | +€93,917 | +106.7% |
| Other amounts receivable | 41 | €110,717 | €76,772 | -€33,945 | -30.7% |
| Cash at bank and in hand | 54/58 | €10,524 | €9,068 | -€1,456 | -13.8% |
| Total equity and liabilities | 10/49 | €704,888 | €740,914 | +€36,026 | +5.1% |
| Equity | 10/15 | €275,264 | €294,929 | +€19,666 | +7.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €256,664 | €276,329 | +€19,666 | +7.7% |
| Distributable reserves | 133 | €256,664 | €276,329 | +€19,666 | +7.7% |
| Amounts payable | 17/49 | €429,624 | €445,985 | +€16,361 | +3.8% |
| Amounts payable after more than one year | 17 | €286,328 | €265,184 | -€21,144 | -7.4% |
| Financial debts | 170/4 | €286,328 | €265,184 | -€21,144 | -7.4% |
| Amounts payable within one year | 42/48 | €143,296 | €180,801 | +€37,504 | +26.2% |
| Current portion of amounts payable after more than one year | 42 | €60,844 | €26,090 | -€34,754 | -57.1% |
| Financial debts | 43 | €707 | - | -€707 | |
| Credit institutions | 430/8 | €707 | - | -€707 | |
| Trade debts | 44 | €41,961 | €8,723 | -€33,238 | -79.2% |
| Suppliers | 440/4 | €41,961 | €8,723 | -€33,238 | -79.2% |
| Taxes, remuneration and social security | 45 | €36,917 | €61,228 | +€24,311 | +65.9% |
| Taxes | 450/3 | €36,917 | €61,228 | +€24,311 | +65.9% |
| Other amounts payable | 47/48 | €2,867 | €84,760 | +€81,892 | +2856.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,769 | €41,490 | -€1,279 | -3.0% |
| Other operating charges | 640/8 | €7,342 | €3,527 | -€3,815 | -52.0% |
| Non-recurring operating charges | 66A | - | €32,778 | +€32,778 | |
| Gross operating margin | 9900 | €79,212 | €231,799 | +€152,588 | +192.6% |
| Operating profit (loss) | 9901 | €29,100 | €154,004 | +€124,904 | +429.2% |
| Financial income | 75/76B | €533 | €1,036 | +€502 | +94.2% |
| Recurring financial income | 75 | €533 | €1,036 | +€502 | +94.2% |
| Financial charges | 65/66B | €10,440 | €15,327 | +€4,887 | +46.8% |
| Recurring financial charges | 65 | €10,440 | €15,327 | +€4,887 | +46.8% |
| Profit (loss) for the period before taxes | 9903 | €19,193 | €139,713 | +€120,520 | +627.9% |
| Income taxes | 67/77 | €7,460 | €41,878 | +€34,418 | +461.4% |
| Profit (loss) for the period | 9904 | €11,733 | €97,835 | +€86,102 | +733.9% |
| Profit (loss) for the period to be appropriated | 9905 | €11,733 | €97,835 | +€86,102 | +733.9% |
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 6 October 2026 via checked.be.