TriLEF: what changed
What changed
TriLEF
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€39,610
2024 · €27,482+€12,128
Equity
€3,007
2024 · €3,898-€890
Cash
€39,152
2024 · €9,516+€29,636
Balance sheet total
€122,400
2024 · €49,783+€72,616
Largest movements
Assets
- Tangible fixed assets +€40,912
up €40,912 (+126%), from €32,489 to €73,402
of which Furniture and vehicles: +€44,066
- Cash +€29,636
up €29,636 (+311%), from €9,516 to €39,152
mainly Debts after one year (+€41,193) and Net result for the year (+€39,610)
- Deferred charges and accrued income +€1,554
up €1,554 (+150%), from €1,038 to €2,592
Equity and liabilities
- Debts after one year +€41,193
new in 2025: €41,193
- Other debts +€24,427
up €24,427 (+81.5%), from €29,960 to €54,387
- Current portion of long-term debt +€11,448
new in 2025: €11,448
- Trade debts -€2,333
down €2,333 (-29.8%), from €7,818 to €5,485
Income statement
- Gross operating margin +€17,409
up €17,409 (+40.4%), from €43,133 to €60,542
- Taxes +€3,702
up €3,702 (+44.7%), from €8,285 to €11,986
- Depreciation +€1,482
up €1,482 (+25.9%), from €5,717 to €7,199
- Financial charges +€619
up €619 (+144%), from €430 to €1,049
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€27,482
Gross operating margin
+€17,409
Depreciation
-€1,482
Other operating charges
+€522
Financial charges
-€619
Taxes
-€3,702
Result 2025
€39,610
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€66,464
Investment
-€48,111
Financing
+€11,283
Cash 2024
€9,516
From operations (derived)
+€66,464
Net result for the year
+€39,610
Depreciation
+€7,199
Receivables within one year
-€514
Deferred charges and accrued income
-€1,554
Trade debts
-€2,333
Tax, wage and social debts
-€370
Other debts
+€24,427
Investment (derived)
-€48,111
Investment in fixed assets (net)
-€48,111
Financing
+€11,283
Debts after one year
+€41,193
Current portion of long-term debt
+€11,448
Short-term financial debts
-€859
Contributions, distributions and other
-€40,500
Cash 2025
€39,152
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €49,783 | €122,400 | +€72,616 | +146% |
| Fixed assets | 21/28 | €32,489 | €73,402 | +€40,912 | +126% |
| Tangible fixed assets | 22/27 | €32,489 | €73,402 | +€40,912 | +126% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €10,162 | €54,228 | +€44,066 | +434% |
| Other tangible fixed assets | 26 | €22,327 | €19,174 | -€3,154 | -14.1% |
| Current assets | 29/58 | €17,294 | €48,998 | +€31,704 | +183% |
| Amounts receivable within one year | 40/41 | €6,740 | €7,254 | +€514 | +7.6% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €6,740 | €7,254 | +€514 | +7.6% |
| Cash at bank and in hand | 54/58 | €9,516 | €39,152 | +€29,636 | +311% |
| Deferred charges and accrued income | 490/1 | €1,038 | €2,592 | +€1,554 | +150% |
| Total equity and liabilities | 10/49 | €49,783 | €122,400 | +€72,616 | +146% |
| Equity | 10/15 | €3,898 | €3,007 | -€890 | -22.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €898 | €7 | -€890 | -99.2% |
| Distributable reserves | 133 | €898 | €7 | -€890 | -99.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €45,885 | €119,392 | +€73,507 | +160% |
| Amounts payable after more than one year | 17 | - | €41,193 | +€41,193 | |
| Financial debts | 170/4 | - | €41,193 | +€41,193 | |
| Amounts payable within one year | 42/48 | €45,885 | €78,199 | +€32,313 | +70.4% |
| Current portion of amounts payable after more than one year | 42 | - | €11,448 | +€11,448 | |
| Financial debts | 43 | €5,073 | €4,215 | -€859 | -16.9% |
| Credit institutions | 430/8 | €5,073 | €4,215 | -€859 | -16.9% |
| Trade debts | 44 | €7,818 | €5,485 | -€2,333 | -29.8% |
| Suppliers | 440/4 | €7,818 | €5,485 | -€2,333 | -29.8% |
| Taxes, remuneration and social security | 45 | €3,034 | €2,664 | -€370 | -12.2% |
| Taxes | 450/3 | €3,034 | €2,664 | -€370 | -12.2% |
| Other amounts payable | 47/48 | €29,960 | €54,387 | +€24,427 | +81.5% |
| Non-recurring operating income | 76A | €6,764 | €0 | -€6,764 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,717 | €7,199 | +€1,482 | +25.9% |
| Other operating charges | 640/8 | €1,220 | €699 | -€522 | -42.8% |
| Gross operating margin | 9900 | €43,133 | €60,542 | +€17,409 | +40.4% |
| Operating profit (loss) | 9901 | €36,196 | €52,645 | +€16,449 | +45.4% |
| Financial charges | 65/66B | €430 | €1,049 | +€619 | +144% |
| Recurring financial charges | 65 | €430 | €1,049 | +€619 | +144% |
| Profit (loss) for the period before taxes | 9903 | €35,767 | €51,596 | +€15,829 | +44.3% |
| Income taxes | 67/77 | €8,285 | €11,986 | +€3,702 | +44.7% |
| Profit (loss) for the period | 9904 | €27,482 | €39,610 | +€12,128 | +44.1% |
| Profit (loss) for the period to be appropriated | 9905 | €27,482 | €39,610 | +€12,128 | +44.1% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.