TriVecoS: what changed
TriVecoS
Largest movements
- Cash -€85,001
down €85,001 (-50.8%), from €167,322 to €82,321
mainly Investment in fixed assets (net) (-€60,736) and Receivables within one year (-€36,240)
- Tangible fixed assets +€36,690
up €36,690 (+56.8%), from €64,648 to €101,338
of which Plant, machinery and equipment: +€32,496
- Receivables within one year +€36,240
up €36,240 (+362%), from €10,003 to €46,243
of which Trade receivables: +€37,672
- Profit (loss) carried forward -€10,307
down €10,307, from €10,246 to -€61
- Tax, wage and social debts -€4,133
down €4,133 (-32.1%), from €12,883 to €8,750
- Other debts +€3,820
up €3,820 (+14.4%), from €26,540 to €30,360
- Gross operating margin -€8,384
down €8,384 (-34.2%), from €24,504 to €16,120
- Depreciation +€3,089
up €3,089 (+14.7%), from €20,959 to €24,048
- Financial charges -€695
down €695 (-71.0%), from €979 to €284
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €243,689 | €230,914 | -€12,776 | -5.2% |
| Fixed assets | 21/28 | €64,700 | €101,388 | +€36,688 | +56.7% |
| Intangible fixed assets | 21 | €2 | €0 | -€2 | -100% |
| Tangible fixed assets | 22/27 | €64,648 | €101,338 | +€36,690 | +56.8% |
| Land and buildings | 22 | €40,516 | €31,513 | -€9,004 | -22.2% |
| Plant, machinery and equipment | 23 | €7,053 | €39,550 | +€32,496 | +461% |
| Furniture and vehicles | 24 | €13,371 | €27,627 | +€14,256 | +107% |
| Other tangible fixed assets | 26 | €3,707 | €2,649 | -€1,059 | -28.6% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €178,990 | €129,526 | -€49,464 | -27.6% |
| Amounts receivable within one year | 40/41 | €10,003 | €46,243 | +€36,240 | +362% |
| Trade receivables | 40 | - | €37,672 | +€37,672 | |
| Other amounts receivable | 41 | €10,003 | €8,571 | -€1,431 | -14.3% |
| Cash at bank and in hand | 54/58 | €167,322 | €82,321 | -€85,001 | -50.8% |
| Deferred charges and accrued income | 490/1 | €1,665 | €962 | -€703 | -42.2% |
| Total equity and liabilities | 10/49 | €243,689 | €230,914 | -€12,776 | -5.2% |
| Equity | 10/15 | €41,942 | €31,635 | -€10,307 | -24.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €13,096 | €13,096 | = | 0.0% |
| Distributable reserves | 133 | €13,096 | €13,096 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,246 | -€61 | -€10,307 | |
| Amounts payable | 17/49 | €201,747 | €199,278 | -€2,469 | -1.2% |
| Amounts payable after more than one year | 17 | €160,000 | €160,000 | = | 0.0% |
| Financial debts | 170/4 | €160,000 | €160,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €41,747 | €39,278 | -€2,469 | -5.9% |
| Trade debts | 44 | €2,325 | €168 | -€2,156 | -92.8% |
| Suppliers | 440/4 | €2,325 | €168 | -€2,156 | -92.8% |
| Taxes, remuneration and social security | 45 | €12,883 | €8,750 | -€4,133 | -32.1% |
| Taxes | 450/3 | €12,883 | €8,750 | -€4,133 | -32.1% |
| Other amounts payable | 47/48 | €26,540 | €30,360 | +€3,820 | +14.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,959 | €24,048 | +€3,089 | +14.7% |
| Other operating charges | 640/8 | €1,592 | €1,818 | +€226 | +14.2% |
| Non-recurring operating charges | 66A | €401 | €275 | -€125 | -31.3% |
| Gross operating margin | 9900 | €24,504 | €16,120 | -€8,384 | -34.2% |
| Operating profit (loss) | 9901 | €1,552 | -€10,022 | -€11,574 | |
| Financial income | 75/76B | €13 | €0 | -€13 | -99.8% |
| Recurring financial income | 75 | €13 | €0 | -€13 | -99.8% |
| Financial charges | 65/66B | €979 | €284 | -€695 | -71.0% |
| Recurring financial charges | 65 | €979 | €284 | -€695 | -71.0% |
| Profit (loss) for the period before taxes | 9903 | €585 | -€10,307 | -€10,892 | |
| Income taxes | 67/77 | €53 | €0 | -€53 | -100.0% |
| Profit (loss) for the period | 9904 | €532 | -€10,307 | -€10,839 | |
| Profit (loss) for the period to be appropriated | 9905 | €532 | -€10,307 | -€10,839 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.