TRIWASTE: 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.
TRIWASTE
Largest movements
- Tangible fixed assets +€443,218
up €443,218 (+84.4%), from €524,850 to €968,068
of which Land and buildings: +€467,019
- Financial fixed assets +€165,000
up €165,000 (+8.7%), from €1.9m to €2.1m
- Receivables within one year +€134,003
up €134,003 (+40.7%), from €329,382 to €463,385
of which Trade receivables: +€78,891
- Cash +€61,460
up €61,460 (+42.5%), from €144,766 to €206,226
mainly Other debts (+€640,321) and Debts after one year (+€388,925)
- Other debts +€640,321
up €640,321 (+43.4%), from €1.5m to €2.1m
- Reserves -€424,885
down €424,885 (-43.3%), from €980,331 to €555,446
- Debts after one year +€388,925
up €388,925 (+103.2%), from €376,776 to €765,701
- Tax, wage and social debts +€123,686
up €123,686 (+2842.8%), from €4,351 to €128,037
- Advances received +€40,936
new in 2025: €40,936
- Gross operating margin +€243,398
up €243,398 (+362.5%), from €67,142 to €310,541
- Financial income -€134,009
down €134,009 (-44.5%), from €301,193 to €167,184
of which Financial income: -€132,874
- Depreciation +€51,827
up €51,827 (+186.6%), from €27,777 to €79,604
- Taxes +€49,584
up €49,584 (+2360.2%), from €2,101 to €51,685
- Financial charges +€7,214
up €7,214 (+14.9%), from €48,373 to €55,588
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 | €2,911,301 | €3,714,982 | +€803,681 | +27.6% |
| Fixed assets | 21/28 | €2,428,832 | €3,037,049 | +€608,218 | +25.0% |
| Tangible fixed assets | 22/27 | €524,850 | €968,068 | +€443,218 | +84.4% |
| Land and buildings | 22 | €491,061 | €958,081 | +€467,019 | +95.1% |
| Plant, machinery and equipment | 23 | €4,325 | €4,104 | -€221 | -5.1% |
| Furniture and vehicles | 24 | €29,465 | €5,884 | -€23,581 | -80.0% |
| Financial fixed assets | 28 | €1,903,981 | €2,068,981 | +€165,000 | +8.7% |
| Current assets | 29/58 | €482,469 | €677,933 | +€195,463 | +40.5% |
| Stocks and contracts in progress | 3 | €8,322 | €8,322 | = | 0.0% |
| Stocks | 30/36 | €8,322 | €8,322 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €329,382 | €463,385 | +€134,003 | +40.7% |
| Trade receivables | 40 | €68,015 | €146,906 | +€78,891 | +116.0% |
| Other amounts receivable | 41 | €261,366 | €316,479 | +€55,113 | +21.1% |
| Cash at bank and in hand | 54/58 | €144,766 | €206,226 | +€61,460 | +42.5% |
| Total equity and liabilities | 10/49 | €2,911,301 | €3,714,982 | +€803,681 | +27.6% |
| Equity | 10/15 | €985,331 | €560,446 | -€424,885 | -43.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €980,331 | €555,446 | -€424,885 | -43.3% |
| Distributable reserves | 133 | €980,331 | €555,446 | -€424,885 | -43.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €1,925,970 | €3,154,536 | +€1.2m | +63.8% |
| Amounts payable after more than one year | 17 | €376,776 | €765,701 | +€388,925 | +103.2% |
| Financial debts | 170/4 | €376,776 | €765,701 | +€388,925 | +103.2% |
| Amounts payable within one year | 42/48 | €1,549,194 | €2,388,835 | +€839,641 | +54.2% |
| Current portion of amounts payable after more than one year | 42 | €25,236 | €36,075 | +€10,839 | +43.0% |
| Trade debts | 44 | €42,727 | €66,586 | +€23,859 | +55.8% |
| Suppliers | 440/4 | €42,727 | €66,586 | +€23,859 | +55.8% |
| Advances received on contracts in progress | 46 | - | €40,936 | +€40,936 | |
| Taxes, remuneration and social security | 45 | €4,351 | €128,037 | +€123,686 | +2842.8% |
| Taxes | 450/3 | €4,351 | €128,037 | +€123,686 | +2842.8% |
| Other amounts payable | 47/48 | €1,476,880 | €2,117,201 | +€640,321 | +43.4% |
| Non-recurring operating income | 76A | €164 | €10,578 | +€10,414 | +6347.9% |
| Remuneration, social security and pensions | 62 | - | €1,160 | +€1,160 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,777 | €79,604 | +€51,827 | +186.6% |
| Other operating charges | 640/8 | €3,304 | €5,501 | +€2,197 | +66.5% |
| Non-recurring operating charges | 66A | €8,970 | €249 | -€8,721 | -97.2% |
| Gross operating margin | 9900 | €67,142 | €310,541 | +€243,398 | +362.5% |
| Operating profit (loss) | 9901 | €27,092 | €224,027 | +€196,936 | +726.9% |
| Financial income | 75/76B | €301,193 | €167,184 | -€134,009 | -44.5% |
| Recurring financial income | 75 | €300,057 | €167,184 | -€132,874 | -44.3% |
| Non-recurring financial income | 76B | €1,136 | €0 | -€1,136 | -100.0% |
| Financial charges | 65/66B | €48,373 | €55,588 | +€7,214 | +14.9% |
| Recurring financial charges | 65 | €48,373 | €55,588 | +€7,214 | +14.9% |
| Profit (loss) for the period before taxes | 9903 | €279,912 | €335,624 | +€55,712 | +19.9% |
| Income taxes | 67/77 | €2,101 | €51,685 | +€49,584 | +2360.2% |
| Profit (loss) for the period | 9904 | €277,811 | €283,938 | +€6,128 | +2.2% |
| Profit (loss) for the period to be appropriated | 9905 | €277,811 | €283,938 | +€6,128 | +2.2% |
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 12 October 2026 via checked.be.