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 -€56,480
down €56,480 (-34.5%), from €163,826 to €107,346
of which Plant, machinery and equipment: -€55,492
- Receivables within one year -€35,070
down €35,070 (-20.5%), from €171,235 to €136,164
of which Trade receivables: -€51,585
- Stocks and contracts +€9,928
up €9,928 (+131.0%), from €7,578 to €17,506
- Cash -€8,004
down €8,004 (-26.9%), from €29,773 to €21,769
mainly Net result for the year (-€95,393) and Trade debts (-€57,224)
- Profit (loss) carried forward -€95,393
down €95,393, from €60,829 to -€34,564
- Tax, wage and social debts +€64,064
up €64,064 (+53.6%), from €119,487 to €183,551
of which Remuneration and social security: +€49,746
- Trade debts -€57,224
down €57,224 (-47.7%), from €120,015 to €62,791
- Gross operating margin -€108,571
down €108,571 (-19.4%), from €559,833 to €451,261
- Staff costs -€68,803
down €68,803 (-13.6%), from €505,728 to €436,925
- Other operating charges +€36,374
up €36,374 (+376.9%), from €9,650 to €46,024
- Depreciation -€13,839
down €13,839 (-18.4%), from €75,414 to €61,576
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €383,272 | €295,386 | -€87,886 | -22.9% |
| Fixed assets | 21/28 | €174,686 | €118,206 | -€56,480 | -32.3% |
| Tangible fixed assets | 22/27 | €163,826 | €107,346 | -€56,480 | -34.5% |
| Plant, machinery and equipment | 23 | €160,077 | €104,586 | -€55,492 | -34.7% |
| Furniture and vehicles | 24 | €3,749 | €2,760 | -€989 | -26.4% |
| Financial fixed assets | 28 | €10,860 | €10,860 | = | 0.0% |
| Current assets | 29/58 | €208,586 | €177,180 | -€31,406 | -15.1% |
| Stocks and contracts in progress | 3 | €7,578 | €17,506 | +€9,928 | +131.0% |
| Stocks | 30/36 | €7,578 | €17,506 | +€9,928 | +131.0% |
| Amounts receivable within one year | 40/41 | €171,235 | €136,164 | -€35,070 | -20.5% |
| Trade receivables | 40 | €150,050 | €98,466 | -€51,585 | -34.4% |
| Other amounts receivable | 41 | €21,184 | €37,699 | +€16,514 | +78.0% |
| Cash at bank and in hand | 54/58 | €29,773 | €21,769 | -€8,004 | -26.9% |
| Deferred charges and accrued income | 490/1 | - | €1,741 | +€1,741 | |
| Total equity and liabilities | 10/49 | €383,272 | €295,386 | -€87,886 | -22.9% |
| Equity | 10/15 | €67,029 | -€28,364 | -€95,393 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €60,829 | -€34,564 | -€95,393 | |
| Amounts payable | 17/49 | €316,244 | €323,751 | +€7,507 | +2.4% |
| Amounts payable within one year | 42/48 | €316,244 | €321,351 | +€5,107 | +1.6% |
| Trade debts | 44 | €120,015 | €62,791 | -€57,224 | -47.7% |
| Suppliers | 440/4 | €120,015 | €62,791 | -€57,224 | -47.7% |
| Advances received on contracts in progress | 46 | €13,400 | €13,400 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €119,487 | €183,551 | +€64,064 | +53.6% |
| Taxes | 450/3 | €36,425 | €50,744 | +€14,318 | +39.3% |
| Remuneration and social security | 454/9 | €83,062 | €132,808 | +€49,746 | +59.9% |
| Other amounts payable | 47/48 | €63,342 | €61,609 | -€1,733 | -2.7% |
| Accrued charges and deferred income | 492/3 | - | €2,400 | +€2,400 | |
| Remuneration, social security and pensions | 62 | €505,728 | €436,925 | -€68,803 | -13.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,414 | €61,576 | -€13,839 | -18.4% |
| Other operating charges | 640/8 | €9,650 | €46,024 | +€36,374 | +376.9% |
| Gross operating margin | 9900 | €559,833 | €451,261 | -€108,571 | -19.4% |
| Operating profit (loss) | 9901 | -€30,960 | -€93,264 | -€62,304 | -201.2% |
| Financial income | 75/76B | €1,111 | €1,847 | +€735 | +66.2% |
| Recurring financial income | 75 | €1,111 | €1,847 | +€735 | +66.2% |
| Financial charges | 65/66B | - | €3,976 | +€3,976 | |
| Recurring financial charges | 65 | - | €3,976 | +€3,976 | |
| Profit (loss) for the period before taxes | 9903 | -€29,848 | -€95,393 | -€65,544 | -219.6% |
| Income taxes | 67/77 | €943 | €0 | -€943 | -100.0% |
| Profit (loss) for the period | 9904 | -€30,791 | -€95,393 | -€64,601 | -209.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€30,791 | -€95,393 | -€64,601 | -209.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.