TRIPLE B: 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.
TRIPLE B
Largest movements
- Receivables within one year +€250,447
up €250,447 (+41.5%), from €602,963 to €853,411
of which Trade receivables: +€224,828
- Cash +€109,390
up €109,390 (+1,241%), from €8,812 to €118,202
mainly Short-term financial debts (+€307,346) and Other debts (+€121,293)
- Short-term financial debts +€307,346
up €307,346 (+285%), from €107,654 to €415,000
of which Other loans: +€315,000
- Other debts +€121,293
up €121,293 (+69.8%), from €173,723 to €295,015
- Debts after one year -€120,786
down €120,786 (-47.9%), from €252,317 to €131,531
of which Financial debts: -€128,186
- Profit (loss) carried forward +€62,811
up €62,811 (+32.8%), from -€191,251 to -€128,440
- Trade debts +€42,357
up €42,357 (+200%), from €21,226 to €63,583
- Depreciation -€35,174
down €35,174 (-55.9%), from €62,946 to €27,772
- Gross operating margin -€28,376
down €28,376 (-16.7%), from €169,921 to €141,545
- Other operating charges -€8,912
down €8,912 (-24.9%), from €35,798 to €26,886
- Taxes -€4,441
down €4,441 (-16.8%), from €26,436 to €21,995
- Financial charges -€2,039
down €2,039 (-11.2%), from €18,219 to €16,180
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 | €1,340,174 | €1,697,402 | +€357,227 | +26.7% |
| Fixed assets | 21/28 | €724,999 | €725,577 | +€578 | +0.1% |
| Tangible fixed assets | 22/27 | €524,724 | €524,552 | -€172 | 0.0% |
| Land and buildings | 22 | €513,131 | €515,427 | +€2,296 | +0.4% |
| Furniture and vehicles | 24 | €11,593 | €9,125 | -€2,468 | -21.3% |
| Financial fixed assets | 28 | €200,275 | €201,025 | +€750 | +0.4% |
| Current assets | 29/58 | €615,175 | €971,825 | +€356,649 | +58.0% |
| Amounts receivable within one year | 40/41 | €602,963 | €853,411 | +€250,447 | +41.5% |
| Trade receivables | 40 | €86,074 | €310,902 | +€224,828 | +261% |
| Other amounts receivable | 41 | €516,890 | €542,509 | +€25,619 | +5.0% |
| Cash at bank and in hand | 54/58 | €8,812 | €118,202 | +€109,390 | +1,241% |
| Deferred charges and accrued income | 490/1 | €3,400 | €212 | -€3,188 | -93.8% |
| Total equity and liabilities | 10/49 | €1,340,174 | €1,697,402 | +€357,227 | +26.7% |
| Equity | 10/15 | €586,442 | €649,253 | +€62,811 | +10.7% |
| Contributions | 10/11 | €770,000 | €770,000 | = | 0.0% |
| Capital | 10 | €770,000 | €770,000 | = | 0.0% |
| Issued capital | 100 | €770,000 | €770,000 | = | 0.0% |
| Reserves | 13 | €7,693 | €7,693 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,693 | €7,693 | = | 0.0% |
| Legal reserve | 130 | €7,693 | €7,693 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€191,251 | -€128,440 | +€62,811 | +32.8% |
| Amounts payable | 17/49 | €753,732 | €1,048,149 | +€294,417 | +39.1% |
| Amounts payable after more than one year | 17 | €252,317 | €131,531 | -€120,786 | -47.9% |
| Financial debts | 170/4 | €252,317 | €124,131 | -€128,186 | -50.8% |
| Other amounts payable | 178/9 | - | €7,400 | +€7,400 | |
| Amounts payable within one year | 42/48 | €473,695 | €911,323 | +€437,628 | +92.4% |
| Current portion of amounts payable after more than one year | 42 | €151,976 | €135,437 | -€16,539 | -10.9% |
| Financial debts | 43 | €107,654 | €415,000 | +€307,346 | +285% |
| Credit institutions | 430/8 | €107,654 | €100,000 | -€7,654 | -7.1% |
| Other loans | 439 | - | €315,000 | +€315,000 | |
| Trade debts | 44 | €21,226 | €63,583 | +€42,357 | +200% |
| Suppliers | 440/4 | €21,226 | €63,583 | +€42,357 | +200% |
| Taxes, remuneration and social security | 45 | €19,115 | €2,287 | -€16,828 | -88.0% |
| Taxes | 450/3 | €13,793 | €2,287 | -€11,506 | -83.4% |
| Remuneration and social security | 454/9 | €5,322 | €0 | -€5,322 | -100% |
| Other amounts payable | 47/48 | €173,723 | €295,015 | +€121,293 | +69.8% |
| Accrued charges and deferred income | 492/3 | €27,721 | €5,296 | -€22,425 | -80.9% |
| Non-recurring operating income | 76A | €11,793 | - | -€11,793 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,946 | €27,772 | -€35,174 | -55.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €35,798 | €26,886 | -€8,912 | -24.9% |
| Gross operating margin | 9900 | €169,921 | €141,545 | -€28,376 | -16.7% |
| Operating profit (loss) | 9901 | €71,177 | €86,887 | +€15,711 | +22.1% |
| Financial income | 75/76B | €14,907 | €14,098 | -€808 | -5.4% |
| Recurring financial income | 75 | €14,907 | €14,098 | -€808 | -5.4% |
| Financial charges | 65/66B | €18,219 | €16,180 | -€2,039 | -11.2% |
| Recurring financial charges | 65 | €18,219 | €16,180 | -€2,039 | -11.2% |
| Profit (loss) for the period before taxes | 9903 | €67,865 | €84,806 | +€16,941 | +25.0% |
| Income taxes | 67/77 | €26,436 | €21,995 | -€4,441 | -16.8% |
| Profit (loss) for the period | 9904 | €41,428 | €62,811 | +€21,382 | +51.6% |
| Profit (loss) for the period to be appropriated | 9905 | €41,428 | €62,811 | +€21,382 | +51.6% |
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.