Trois Frontières: 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.
Trois Frontières
Largest movements
- Deferred charges and accrued income +€22,213
up €22,213 (+531%), from €4,180 to €26,393
- Tangible fixed assets -€20,143
down €20,143 (-6.3%), from €319,189 to €299,047
of which Land and buildings: -€19,279
- Receivables within one year -€5,603
down €5,603 (-34.0%), from €16,482 to €10,879
of which Other amounts receivable: -€5,603
- Reserves +€34,292
up €34,292 (+12.6%), from €271,428 to €305,721
of which Distributable reserves: +€34,292
- Trade debts -€23,196
down €23,196 (-86.3%), from €26,889 to €3,693
- Current portion of long-term debt -€16,667
down €16,667 (-50.0%), from €33,333 to €16,666
- Debts after one year -€16,666
no longer reported in 2025 (was €16,666)
- Tax, wage and social debts +€13,247
up €13,247 (+362%), from €3,659 to €16,906
- Gross operating margin +€44,397
up €44,397 (+123%), from €35,984 to €80,380
- Taxes +€16,901
up €16,901 (+1,221%), from €1,384 to €18,285
- Depreciation -€1,447
down €1,447 (-6.7%), from €21,589 to €20,143
- Financial charges -€1,140
down €1,140 (-44.0%), from €2,593 to €1,453
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 | €351,304 | €345,839 | -€5,465 | -1.6% |
| Fixed assets | 21/28 | €319,189 | €299,047 | -€20,143 | -6.3% |
| Tangible fixed assets | 22/27 | €319,189 | €299,047 | -€20,143 | -6.3% |
| Land and buildings | 22 | €318,269 | €298,990 | -€19,279 | -6.1% |
| Plant, machinery and equipment | 23 | €920 | €57 | -€864 | -93.8% |
| Current assets | 29/58 | €32,114 | €46,792 | +€14,678 | +45.7% |
| Amounts receivable within one year | 40/41 | €16,482 | €10,879 | -€5,603 | -34.0% |
| Trade receivables | 40 | €7,260 | €7,260 | = | 0.0% |
| Other amounts receivable | 41 | €9,222 | €3,619 | -€5,603 | -60.8% |
| Cash at bank and in hand | 54/58 | €11,452 | €9,520 | -€1,932 | -16.9% |
| Deferred charges and accrued income | 490/1 | €4,180 | €26,393 | +€22,213 | +531% |
| Total equity and liabilities | 10/49 | €351,304 | €345,839 | -€5,465 | -1.6% |
| Equity | 10/15 | €268,699 | €305,721 | +€37,021 | +13.8% |
| Reserves | 13 | €271,428 | €305,721 | +€34,292 | +12.6% |
| Tax-exempt reserves | 132 | €9,786 | €9,786 | = | 0.0% |
| Distributable reserves | 133 | €261,642 | €295,935 | +€34,292 | +13.1% |
| Profit (loss) carried forward | 14 | -€2,729 | - | +€2,729 | |
| Amounts payable | 17/49 | €82,604 | €40,118 | -€42,486 | -51.4% |
| Amounts payable after more than one year | 17 | €16,666 | - | -€16,666 | |
| Financial debts | 170/4 | €16,666 | - | -€16,666 | |
| Amounts payable within one year | 42/48 | €63,884 | €37,851 | -€26,033 | -40.8% |
| Current portion of amounts payable after more than one year | 42 | €33,333 | €16,666 | -€16,667 | -50.0% |
| Trade debts | 44 | €26,889 | €3,693 | -€23,196 | -86.3% |
| Suppliers | 440/4 | €26,889 | €3,693 | -€23,196 | -86.3% |
| Taxes, remuneration and social security | 45 | €3,659 | €16,906 | +€13,247 | +362% |
| Taxes | 450/3 | €3,659 | €16,906 | +€13,247 | +362% |
| Other amounts payable | 47/48 | €3 | €586 | +€583 | +19,437% |
| Accrued charges and deferred income | 492/3 | €2,054 | €2,267 | +€213 | +10.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,589 | €20,143 | -€1,447 | -6.7% |
| Other operating charges | 640/8 | €2,819 | €2,733 | -€86 | -3.0% |
| Gross operating margin | 9900 | €35,984 | €80,380 | +€44,397 | +123% |
| Operating profit (loss) | 9901 | €11,575 | €57,504 | +€45,929 | +397% |
| Financial income | 75/76B | €8 | €88 | +€80 | +961% |
| Recurring financial income | 75 | €8 | €88 | +€80 | +961% |
| Financial charges | 65/66B | €2,593 | €1,453 | -€1,140 | -44.0% |
| Recurring financial charges | 65 | €2,593 | €1,453 | -€1,140 | -44.0% |
| Profit (loss) for the period before taxes | 9903 | €8,990 | €56,139 | +€47,149 | +524% |
| Income taxes | 67/77 | €1,384 | €18,285 | +€16,901 | +1,221% |
| Profit (loss) for the period | 9904 | €7,607 | €37,854 | +€30,248 | +398% |
| Profit (loss) for the period to be appropriated | 9905 | €7,607 | €37,854 | +€30,248 | +398% |
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 30 October 2026 via checked.be.