TRIUMVIR: 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.
TRIUMVIR
Largest movements
- Cash -€14,291
down €14,291 (-60.9%), from €23,465 to €9,174
mainly Trade debts (-€23,207) and Net result for the year (-€8,119)
- Stocks and contracts -€9,782
down €9,782 (-28.2%), from €34,733 to €24,951
- Receivables within one year -€8,916
down €8,916 (-54.6%), from €16,330 to €7,414
of which Trade receivables: -€7,987
- Tangible fixed assets -€875
down €875 (-50.0%), from €1,750 to €875
of which Plant, machinery and equipment: -€875
- Trade debts -€23,207
down €23,207 (-90.8%), from €25,565 to €2,358
- Profit (loss) carried forward -€8,119
down €8,119 (-84.8%), from €9,575 to €1,456
- Tax, wage and social debts -€2,288
down €2,288 (-100.0%), from €2,288 to €0
of which Taxes: -€1,319
- Gross operating margin -€13,047
down €13,047 (-75.1%), from €17,365 to €4,319
- Staff costs -€10,882
down €10,882 (-97.5%), from €11,164 to €282
- Other operating charges +€9,185
up €9,185 (+1224.7%), from €750 to €9,935
- Depreciation -€3,170
down €3,170 (-78.4%), from €4,045 to €875
- Financial charges +€251
up €251 (+28.0%), from €896 to €1,147
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 | €76,428 | €42,814 | -€33,614 | -44.0% |
| Fixed assets | 21/28 | €1,900 | €1,275 | -€625 | -32.9% |
| Tangible fixed assets | 22/27 | €1,750 | €875 | -€875 | -50.0% |
| Plant, machinery and equipment | 23 | €1,750 | €875 | -€875 | -50.0% |
| Furniture and vehicles | 24 | €0 | €0 | -€0 | -100.0% |
| Financial fixed assets | 28 | €150 | €400 | +€250 | +166.7% |
| Current assets | 29/58 | €74,528 | €41,539 | -€32,989 | -44.3% |
| Stocks and contracts in progress | 3 | €34,733 | €24,951 | -€9,782 | -28.2% |
| Stocks | 30/36 | €34,733 | €24,951 | -€9,782 | -28.2% |
| Amounts receivable within one year | 40/41 | €16,330 | €7,414 | -€8,916 | -54.6% |
| Trade receivables | 40 | €7,987 | €0 | -€7,987 | -100.0% |
| Other amounts receivable | 41 | €8,343 | €7,414 | -€929 | -11.1% |
| Cash at bank and in hand | 54/58 | €23,465 | €9,174 | -€14,291 | -60.9% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €76,428 | €42,814 | -€33,614 | -44.0% |
| Equity | 10/15 | €44,575 | €36,456 | -€8,119 | -18.2% |
| Contributions | 10/11 | €35,000 | €35,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,575 | €1,456 | -€8,119 | -84.8% |
| Amounts payable | 17/49 | €31,853 | €6,358 | -€25,495 | -80.0% |
| Amounts payable within one year | 42/48 | €31,853 | €6,358 | -€25,495 | -80.0% |
| Trade debts | 44 | €25,565 | €2,358 | -€23,207 | -90.8% |
| Suppliers | 440/4 | €25,565 | €2,358 | -€23,207 | -90.8% |
| Taxes, remuneration and social security | 45 | €2,288 | €0 | -€2,288 | -100.0% |
| Taxes | 450/3 | €1,319 | €0 | -€1,319 | -100.0% |
| Remuneration and social security | 454/9 | €969 | €0 | -€969 | -100.0% |
| Other amounts payable | 47/48 | €4,000 | €4,000 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €11,164 | €282 | -€10,882 | -97.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,045 | €875 | -€3,170 | -78.4% |
| Other operating charges | 640/8 | €750 | €9,935 | +€9,185 | +1224.7% |
| Gross operating margin | 9900 | €17,365 | €4,319 | -€13,047 | -75.1% |
| Operating profit (loss) | 9901 | €1,406 | -€6,773 | -€8,179 | |
| Financial income | 75/76B | €0 | €12 | +€12 | +60700.0% |
| Recurring financial income | 75 | €0 | €12 | +€12 | +60700.0% |
| Financial charges | 65/66B | €896 | €1,147 | +€251 | +28.0% |
| Recurring financial charges | 65 | €896 | €1,147 | +€251 | +28.0% |
| Profit (loss) for the period before taxes | 9903 | €510 | -€7,908 | -€8,418 | |
| Income taxes | 67/77 | €262 | €211 | -€51 | -19.5% |
| Profit (loss) for the period | 9904 | €248 | -€8,119 | -€8,367 | |
| Profit (loss) for the period to be appropriated | 9905 | €248 | -€8,119 | -€8,367 |
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.