TROIS-QUARTS: 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-QUARTS
Largest movements
- Receivables within one year +€22,485
up €22,485 (+163%), from €13,833 to €36,318
of which Trade receivables: +€24,563
- Deferred charges and accrued income -€5,247
down €5,247 (-88.8%), from €5,912 to €664
- Stocks and contracts +€1,052
up €1,052 (+31.8%), from €3,305 to €4,357
- Short-term financial debts +€9,298
up €9,298 (+84.7%), from €10,976 to €20,273
- Trade debts +€5,944
up €5,944 (+179%), from €3,320 to €9,263
- Other debts +€4,328
up €4,328 (+83.7%), from €5,173 to €9,502
- Debts after one year -€1,976
down €1,976 (-54.1%), from €3,653 to €1,677
- Profit (loss) carried forward +€1,700
up €1,700 (+5.0%), from -€33,887 to -€32,187
- Gross operating margin -€4,077
down €4,077 (-33.3%), from €12,236 to €8,159
- Other operating charges -€3,430
down €3,430 (-69.3%), from €4,952 to €1,521
- Taxes -€436
down €436 (-19.8%), from €2,197 to €1,761
- Financial charges +€153
up €153 (+5.1%), from €3,023 to €3,176
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 | €25,042 | €43,687 | +€18,645 | +74.5% |
| Fixed assets | 21/28 | €1,950 | €1,950 | = | 0.0% |
| Financial fixed assets | 28 | €1,950 | €1,950 | = | 0.0% |
| Current assets | 29/58 | €23,092 | €41,737 | +€18,645 | +80.7% |
| Stocks and contracts in progress | 3 | €3,305 | €4,357 | +€1,052 | +31.8% |
| Stocks | 30/36 | €3,305 | €4,357 | +€1,052 | +31.8% |
| Amounts receivable within one year | 40/41 | €13,833 | €36,318 | +€22,485 | +163% |
| Trade receivables | 40 | €8,825 | €33,388 | +€24,563 | +278% |
| Other amounts receivable | 41 | €5,008 | €2,930 | -€2,078 | -41.5% |
| Cash at bank and in hand | 54/58 | €43 | €398 | +€355 | +829% |
| Deferred charges and accrued income | 490/1 | €5,912 | €664 | -€5,247 | -88.8% |
| Total equity and liabilities | 10/49 | €25,042 | €43,687 | +€18,645 | +74.5% |
| Equity | 10/15 | -€13,027 | -€11,327 | +€1,700 | +13.1% |
| Contributions | 10/11 | €16,860 | €16,860 | = | 0.0% |
| Reserves | 13 | €4,000 | €4,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€33,887 | -€32,187 | +€1,700 | +5.0% |
| Amounts payable | 17/49 | €38,069 | €55,014 | +€16,945 | +44.5% |
| Amounts payable after more than one year | 17 | €3,653 | €1,677 | -€1,976 | -54.1% |
| Other amounts payable | 178/9 | €3,653 | €1,677 | -€1,976 | -54.1% |
| Amounts payable within one year | 42/48 | €31,986 | €52,387 | +€20,400 | +63.8% |
| Current portion of amounts payable after more than one year | 42 | €1,936 | €1,976 | +€39 | +2.0% |
| Financial debts | 43 | €10,976 | €20,273 | +€9,298 | +84.7% |
| Credit institutions | 430/8 | €10,976 | €20,273 | +€9,298 | +84.7% |
| Trade debts | 44 | €3,320 | €9,263 | +€5,944 | +179% |
| Suppliers | 440/4 | €3,320 | €9,263 | +€5,944 | +179% |
| Taxes, remuneration and social security | 45 | €10,581 | €11,373 | +€791 | +7.5% |
| Taxes | 450/3 | €10,581 | €11,373 | +€791 | +7.5% |
| Other amounts payable | 47/48 | €5,173 | €9,502 | +€4,328 | +83.7% |
| Accrued charges and deferred income | 492/3 | €2,430 | €950 | -€1,480 | -60.9% |
| Non-recurring operating income | 76A | - | €24 | +€24 | |
| Other operating charges | 640/8 | €4,952 | €1,521 | -€3,430 | -69.3% |
| Gross operating margin | 9900 | €12,236 | €8,159 | -€4,077 | -33.3% |
| Operating profit (loss) | 9901 | €7,284 | €6,638 | -€647 | -8.9% |
| Financial income | 75/76B | €13 | - | -€13 | |
| Recurring financial income | 75 | €13 | - | -€13 | |
| Financial charges | 65/66B | €3,023 | €3,176 | +€153 | +5.1% |
| Recurring financial charges | 65 | €3,023 | €3,176 | +€153 | +5.1% |
| Profit (loss) for the period before taxes | 9903 | €4,274 | €3,461 | -€813 | -19.0% |
| Income taxes | 67/77 | €2,197 | €1,761 | -€436 | -19.8% |
| Profit (loss) for the period | 9904 | €2,078 | €1,700 | -€377 | -18.2% |
| Profit (loss) for the period to be appropriated | 9905 | €2,078 | €1,700 | -€377 | -18.2% |
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 23 October 2026 via checked.be.