TRIUMVIRAT: 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.
TRIUMVIRAT
Largest movements
- Tangible fixed assets -€20,180
down €20,180 (-5.9%), from €342,956 to €322,776
of which Land and buildings: -€16,658
- Deferred charges and accrued income +€15,309
up €15,309 (+40.5%), from €37,786 to €53,096
- Profit (loss) carried forward -€6,114
down €6,114 (-3.6%), from €168,797 to €162,683
- Gross operating margin +€546
up €546 (+2.8%), from €19,770 to €20,315
- Other operating charges +€219
up €219 (+3.7%), from €5,944 to €6,163
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 | €384,826 | €377,631 | -€7,195 | -1.9% |
| Fixed assets | 21/28 | €342,956 | €322,776 | -€20,180 | -5.9% |
| Tangible fixed assets | 22/27 | €342,956 | €322,776 | -€20,180 | -5.9% |
| Land and buildings | 22 | €316,908 | €300,249 | -€16,658 | -5.3% |
| Plant, machinery and equipment | 23 | €26,049 | €22,527 | -€3,522 | -13.5% |
| Current assets | 29/58 | €41,870 | €54,855 | +€12,985 | +31.0% |
| Cash at bank and in hand | 54/58 | €4,083 | €1,759 | -€2,324 | -56.9% |
| Deferred charges and accrued income | 490/1 | €37,786 | €53,096 | +€15,309 | +40.5% |
| Total equity and liabilities | 10/49 | €384,826 | €377,631 | -€7,195 | -1.9% |
| Equity | 10/15 | €290,997 | €284,883 | -€6,114 | -2.1% |
| 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 | €60,200 | €60,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €54,000 | €54,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €168,797 | €162,683 | -€6,114 | -3.6% |
| Amounts payable | 17/49 | €93,829 | €92,748 | -€1,081 | -1.2% |
| Amounts payable after more than one year | 17 | €85,000 | €85,000 | = | 0.0% |
| Financial debts | 170/4 | €85,000 | €85,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €8,829 | €7,748 | -€1,081 | -12.2% |
| Trade debts | 44 | €5,445 | €4,364 | -€1,081 | -19.9% |
| Suppliers | 440/4 | €5,445 | €4,364 | -€1,081 | -19.9% |
| Other amounts payable | 47/48 | €3,384 | €3,384 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,180 | €20,180 | = | 0.0% |
| Other operating charges | 640/8 | €5,944 | €6,163 | +€219 | +3.7% |
| Gross operating margin | 9900 | €19,770 | €20,315 | +€546 | +2.8% |
| Operating profit (loss) | 9901 | -€6,354 | -€6,027 | +€327 | +5.1% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €54 | €87 | +€33 | +61.3% |
| Recurring financial charges | 65 | €54 | €87 | +€33 | +61.3% |
| Profit (loss) for the period before taxes | 9903 | -€6,408 | -€6,114 | +€294 | +4.6% |
| Profit (loss) for the period | 9904 | -€6,408 | -€6,114 | +€294 | +4.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,408 | -€6,114 | +€294 | +4.6% |
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 8 October 2026 via checked.be.