TRIVAAN: 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.
TRIVAAN
Largest movements
- Current investments +€44,335
new in 2025: €44,335
- Cash +€20,786
up €20,786 (+24.5%), from €84,852 to €105,638
mainly Net result for the year (+€71,360) and Depreciation (+€1,342)
- Reserves +€71,360
up €71,360 (+100.6%), from €70,925 to €142,285
- Trade debts -€3,394
down €3,394 (-57.2%), from €5,931 to €2,537
- Gross operating margin +€4,639
up €4,639 (+5.2%), from €90,046 to €94,686
- Financial charges +€2,352
up €2,352 (+2861.4%), from €82 to €2,435
- Taxes +€958
up €958 (+5.2%), from €18,251 to €19,208
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 | €106,037 | €174,733 | +€68,697 | +64.8% |
| Fixed assets | 21/28 | €2,409 | €3,535 | +€1,125 | +46.7% |
| Tangible fixed assets | 22/27 | €2,409 | €3,535 | +€1,125 | +46.7% |
| Plant, machinery and equipment | 23 | €767 | €427 | -€340 | -44.3% |
| Furniture and vehicles | 24 | €1,643 | €3,108 | +€1,465 | +89.2% |
| Current assets | 29/58 | €103,627 | €171,198 | +€67,571 | +65.2% |
| Amounts receivable within one year | 40/41 | €18,775 | €19,613 | +€838 | +4.5% |
| Trade receivables | 40 | €18,775 | €19,613 | +€838 | +4.5% |
| Current investments | 50/53 | - | €44,335 | +€44,335 | |
| Cash at bank and in hand | 54/58 | €84,852 | €105,638 | +€20,786 | +24.5% |
| Deferred charges and accrued income | 490/1 | - | €1,612 | +€1,612 | |
| Total equity and liabilities | 10/49 | €106,037 | €174,733 | +€68,697 | +64.8% |
| Equity | 10/15 | €72,925 | €144,285 | +€71,360 | +97.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €70,925 | €142,285 | +€71,360 | +100.6% |
| Distributable reserves | 133 | €70,925 | €142,285 | +€71,360 | +100.6% |
| Amounts payable | 17/49 | €33,111 | €30,448 | -€2,663 | -8.0% |
| Amounts payable within one year | 42/48 | €33,025 | €30,395 | -€2,629 | -8.0% |
| Trade debts | 44 | €5,931 | €2,537 | -€3,394 | -57.2% |
| Suppliers | 440/4 | €5,931 | €2,537 | -€3,394 | -57.2% |
| Taxes, remuneration and social security | 45 | €27,093 | €27,858 | +€764 | +2.8% |
| Taxes | 450/3 | €27,093 | €27,858 | +€764 | +2.8% |
| Accrued charges and deferred income | 492/3 | €87 | €53 | -€34 | -39.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €599 | €1,342 | +€743 | +123.9% |
| Other operating charges | 640/8 | €224 | €673 | +€449 | +200.6% |
| Gross operating margin | 9900 | €90,046 | €94,686 | +€4,639 | +5.2% |
| Operating profit (loss) | 9901 | €89,223 | €92,670 | +€3,447 | +3.9% |
| Financial income | 75/76B | €35 | €332 | +€297 | +849.7% |
| Recurring financial income | 75 | €35 | €332 | +€297 | +849.7% |
| Financial charges | 65/66B | €82 | €2,435 | +€2,352 | +2861.4% |
| Recurring financial charges | 65 | €82 | €2,435 | +€2,352 | +2861.4% |
| Profit (loss) for the period before taxes | 9903 | €89,176 | €90,568 | +€1,392 | +1.6% |
| Income taxes | 67/77 | €18,251 | €19,208 | +€958 | +5.2% |
| Profit (loss) for the period | 9904 | €70,925 | €71,360 | +€434 | +0.6% |
| Profit (loss) for the period to be appropriated | 9905 | €70,925 | €71,360 | +€434 | +0.6% |
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.