Trivec Systems Europe: what changed
What changed
Trivec Systems Europe
NACE 26.200, Manufacture of computer, electronic and optical products
filed annual accounts (NBB)
Net result for the year
-€171,573
2023 · -€529,732+€358,159
Equity
-€1.4m
2023 · -€1.3m-€171,573
Cash
€74,370
2023 · €41,942+€32,428
Balance sheet total
€2.6m
2023 · €2.3m+€266,290
Largest movements
Assets
- Intangible fixed assets +€199,633
up €199,633 (+16.0%), from €1.3m to €1.5m
- Receivables within one year +€121,160
up €121,160 (+34.4%), from €352,340 to €473,500
of which Trade receivables: +€241,038
- Stocks and contracts -€73,617
down €73,617 (-11.7%), from €629,583 to €555,966
- Cash +€32,428
up €32,428 (+77.3%), from €41,942 to €74,370
mainly Depreciation (+€938,555) and Other debts (+€527,557)
Equity and liabilities
- Other debts +€527,557
up €527,557 (+29.2%), from €1.8m to €2.3m
- Trade debts -€224,983
down €224,983 (-13.9%), from €1.6m to €1.4m
- Profit (loss) carried forward -€171,573
down €171,573 (-3.2%), from -€5.3m to -€5.5m
- Tax, wage and social debts +€125,585
up €125,585 (+85.5%), from €146,810 to €272,395
of which Taxes: +€124,966
Income statement
- Depreciation -€461,616
down €461,616 (-33.0%), from €1.4m to €938,555
- Financial charges +€72,068
up €72,068 (+324%), from €22,252 to €94,320
- Gross operating margin -€61,343
down €61,343 (-2.6%), from €2.4m to €2.3m
- Write-downs -€24,732
down €24,732 (-58.1%), from €42,544 to €17,813
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2023
-€529,732
Gross operating margin
-€61,343
Staff costs
-€21,930
Depreciation
+€461,616
Write-downs
+€24,732
Other operating charges
-€5,865
Financial income
+€22,644
Financial charges
-€72,068
Taxes
+€10,373
Result 2024
-€171,573
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€1.2m
Investment
-€1.1m
Financing
-€3,033
Cash 2023
€41,942
From operations (derived)
+€1.2m
Net result for the year
-€171,573
Depreciation
+€938,555
Stocks and contracts
+€73,617
Receivables within one year
-€121,160
Deferred charges and accrued income
+€1,349
Trade debts
-€224,983
Tax, wage and social debts
+€125,585
Other debts
+€527,557
Accrued charges and deferred income
+€12,737
Investment (derived)
-€1.1m
Investment in fixed assets (net)
-€1.1m
Financing
-€3,033
Current portion of long-term debt
-€3,033
Cash 2024
€74,370
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,325,743 | €2,592,032 | +€266,290 | +11.4% |
| Fixed assets | 21/28 | €1,277,839 | €1,465,508 | +€187,669 | +14.7% |
| Intangible fixed assets | 21 | €1,251,390 | €1,451,023 | +€199,633 | +16.0% |
| Tangible fixed assets | 22/27 | €26,448 | €14,485 | -€11,964 | -45.2% |
| Land and buildings | 22 | €1,775 | €1,524 | -€251 | -14.1% |
| Plant, machinery and equipment | 23 | €3,662 | €1,790 | -€1,872 | -51.1% |
| Furniture and vehicles | 24 | €15,310 | €9,493 | -€5,816 | -38.0% |
| Leasing and similar rights | 25 | €5,702 | €1,677 | -€4,025 | -70.6% |
| Current assets | 29/58 | €1,047,904 | €1,126,525 | +€78,621 | +7.5% |
| Stocks and contracts in progress | 3 | €629,583 | €555,966 | -€73,617 | -11.7% |
| Stocks | 30/36 | €629,583 | €555,966 | -€73,617 | -11.7% |
| Amounts receivable within one year | 40/41 | €352,340 | €473,500 | +€121,160 | +34.4% |
| Trade receivables | 40 | €2,027 | €243,064 | +€241,038 | +11,893% |
| Other amounts receivable | 41 | €350,314 | €230,436 | -€119,878 | -34.2% |
| Cash at bank and in hand | 54/58 | €41,942 | €74,370 | +€32,428 | +77.3% |
| Deferred charges and accrued income | 490/1 | €24,038 | €22,688 | -€1,349 | -5.6% |
| Total equity and liabilities | 10/49 | €2,325,743 | €2,592,032 | +€266,290 | +11.4% |
| Equity | 10/15 | -€1,262,390 | -€1,433,963 | -€171,573 | -13.6% |
| Contributions | 10/11 | €3,348,951 | €3,348,951 | = | 0.0% |
| Capital | 10 | €3,348,951 | €3,348,951 | = | 0.0% |
| Issued capital | 100 | €3,348,951 | €3,348,951 | = | 0.0% |
| Reserves | 13 | €718,435 | €718,435 | = | 0.0% |
| Non-distributable reserves | 130/1 | €41,165 | €41,165 | = | 0.0% |
| Legal reserve | 130 | €41,165 | €41,165 | = | 0.0% |
| Distributable reserves | 133 | €677,270 | €677,270 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,329,776 | -€5,501,349 | -€171,573 | -3.2% |
| Amounts payable | 17/49 | €3,588,133 | €4,025,996 | +€437,863 | +12.2% |
| Amounts payable within one year | 42/48 | €3,578,801 | €4,003,927 | +€425,126 | +11.9% |
| Current portion of amounts payable after more than one year | 42 | €3,033 | €0 | -€3,033 | -100% |
| Trade debts | 44 | €1,621,831 | €1,396,848 | -€224,983 | -13.9% |
| Suppliers | 440/4 | €1,621,831 | €1,396,848 | -€224,983 | -13.9% |
| Taxes, remuneration and social security | 45 | €146,810 | €272,395 | +€125,585 | +85.5% |
| Taxes | 450/3 | €47,365 | €172,331 | +€124,966 | +264% |
| Remuneration and social security | 454/9 | €99,445 | €100,063 | +€618 | +0.6% |
| Other amounts payable | 47/48 | €1,807,126 | €2,334,684 | +€527,557 | +29.2% |
| Accrued charges and deferred income | 492/3 | €9,332 | €22,069 | +€12,737 | +136% |
| Remuneration, social security and pensions | 62 | €718,668 | €740,597 | +€21,930 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,400,171 | €938,555 | -€461,616 | -33.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €42,544 | €17,813 | -€24,732 | -58.1% |
| Other operating charges | 640/8 | €781,643 | €787,508 | +€5,865 | +0.8% |
| Gross operating margin | 9900 | €2,387,335 | €2,325,992 | -€61,343 | -2.6% |
| Operating profit (loss) | 9901 | -€555,691 | -€158,481 | +€397,210 | +71.5% |
| Financial income | 75/76B | €3,072 | €25,716 | +€22,644 | +737% |
| Recurring financial income | 75 | €3,072 | €25,716 | +€22,644 | +737% |
| Financial charges | 65/66B | €22,252 | €94,320 | +€72,068 | +324% |
| Recurring financial charges | 65 | €22,252 | €94,320 | +€72,068 | +324% |
| Profit (loss) for the period before taxes | 9903 | -€574,871 | -€227,085 | +€347,785 | +60.5% |
| Income taxes | 67/77 | -€45,139 | -€55,512 | -€10,373 | -23.0% |
| Profit (loss) for the period | 9904 | -€529,732 | -€171,573 | +€358,159 | +67.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€529,732 | -€171,573 | +€358,159 | +67.6% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.