TRIVIUM: what changed
Two financial 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.
TRIVIUM
Largest movements
- Receivables within one year -€2.1m
down €2.1m (-51.9%), from €4.1m to €2.0m
of which Other amounts receivable: -€2.1m
- Tangible fixed assets -€102,750
down €102,750 (-2.9%), from €3.5m to €3.4m
of which Land and buildings: -€82,727
- Trade debts -€2.2m
down €2.2m (-93.7%), from €2.3m to €146,544
- Debts after one year +€520,872
up €520,872 (+1,617%), from €32,211 to €553,083
- Tax, wage and social debts -€329,021
down €329,021 (-97.5%), from €337,391 to €8,369
of which Taxes: -€325,656
- Reserves -€281,806
down €281,806 (-21.3%), from €1.3m to €1.0m
- Financial charges +€126,775
up €126,775, from -€89,304 to €37,470
of which Financial charges: +€127,109
- Gross operating margin -€103,366
down €103,366, from €40,259 to -€63,107
- Depreciation +€57,729
up €57,729 (+128%), from €45,021 to €102,750
- Other operating charges -€10,515
down €10,515 (-60.8%), from €17,284 to €6,768
- Staff costs +€8,652
up €8,652 (+13.6%), from €63,664 to €72,316
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.
Derived cash bridge
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 | €7,909,318 | €5,625,999 | -€2.3m | -28.9% |
| Fixed assets | 21/28 | €3,489,916 | €3,387,166 | -€102,750 | -2.9% |
| Tangible fixed assets | 22/27 | €3,487,416 | €3,384,666 | -€102,750 | -2.9% |
| Land and buildings | 22 | €3,415,208 | €3,332,481 | -€82,727 | -2.4% |
| Plant, machinery and equipment | 23 | €19,605 | €16,266 | -€3,339 | -17.0% |
| Furniture and vehicles | 24 | €52,602 | €35,919 | -€16,684 | -31.7% |
| Financial fixed assets | 28 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €4,419,402 | €2,238,833 | -€2.2m | -49.3% |
| Stocks and contracts in progress | 3 | €218,000 | €218,000 | = | 0.0% |
| Stocks | 30/36 | €218,000 | €218,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €4,105,031 | €1,975,608 | -€2.1m | -51.9% |
| Trade receivables | 40 | €16,663 | €20,234 | +€3,571 | +21.4% |
| Other amounts receivable | 41 | €4,088,368 | €1,955,374 | -€2.1m | -52.2% |
| Current investments | 50/53 | €39,094 | €39,094 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €57,277 | €6,131 | -€51,146 | -89.3% |
| Total equity and liabilities | 10/49 | €7,909,318 | €5,625,999 | -€2.3m | -28.9% |
| Equity | 10/15 | €4,269,572 | €3,987,766 | -€281,806 | -6.6% |
| Contributions | 10/11 | €2,944,630 | €2,944,630 | = | 0.0% |
| Reserves | 13 | €1,324,942 | €1,043,136 | -€281,806 | -21.3% |
| Distributable reserves | 133 | €1,324,942 | €1,043,136 | -€281,806 | -21.3% |
| Amounts payable | 17/49 | €3,639,746 | €1,638,233 | -€2.0m | -55.0% |
| Amounts payable after more than one year | 17 | €32,211 | €553,083 | +€520,872 | +1,617% |
| Financial debts | 170/4 | €32,211 | €553,083 | +€520,872 | +1,617% |
| Amounts payable within one year | 42/48 | €3,607,535 | €1,085,150 | -€2.5m | -69.9% |
| Current portion of amounts payable after more than one year | 42 | €13,275 | €79,128 | +€65,854 | +496% |
| Financial debts | 43 | €849,286 | €809,286 | -€40,000 | -4.7% |
| Credit institutions | 430/8 | €849,286 | €809,286 | -€40,000 | -4.7% |
| Trade debts | 44 | €2,321,563 | €146,544 | -€2.2m | -93.7% |
| Suppliers | 440/4 | €2,321,563 | €146,544 | -€2.2m | -93.7% |
| Taxes, remuneration and social security | 45 | €337,391 | €8,369 | -€329,021 | -97.5% |
| Taxes | 450/3 | €325,766 | €111 | -€325,656 | -100.0% |
| Remuneration and social security | 454/9 | €11,624 | €8,259 | -€3,366 | -29.0% |
| Other amounts payable | 47/48 | €86,020 | €41,822 | -€44,198 | -51.4% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €59,769 | €0 | -€59,769 | -100% |
| Remuneration, social security and pensions | 62 | €63,664 | €72,316 | +€8,652 | +13.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,021 | €102,750 | +€57,729 | +128% |
| Other operating charges | 640/8 | €17,284 | €6,768 | -€10,515 | -60.8% |
| Gross operating margin | 9900 | €40,259 | -€63,107 | -€103,366 | |
| Operating profit (loss) | 9901 | -€85,709 | -€244,941 | -€159,232 | -186% |
| Financial income | 75/76B | €3,912 | €341 | -€3,571 | -91.3% |
| Recurring financial income | 75 | €3,912 | €341 | -€3,571 | -91.3% |
| Financial charges | 65/66B | -€89,304 | €37,470 | +€126,775 | |
| Recurring financial charges | 65 | -€89,639 | €37,470 | +€127,109 | |
| Non-recurring financial charges | 66B | €335 | €0 | -€335 | -100% |
| Profit (loss) for the period before taxes | 9903 | €7,507 | -€282,070 | -€289,577 | |
| Income taxes | 67/77 | €2,978 | -€265 | -€3,243 | |
| Profit (loss) for the period | 9904 | €4,529 | -€281,806 | -€286,334 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,529 | -€281,806 | -€286,334 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.