Daniel TRUYMAN: 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.
Daniel TRUYMAN
Largest movements
- Tangible fixed assets -€21,076
down €21,076 (-27.9%), from €75,460 to €54,384
of which Leasing and similar rights: -€12,073
- Cash -€13,938
down €13,938 (-15.6%), from €89,357 to €75,419
mainly Contributions, distributions and other (-€26,684) and Receivables within one year (-€12,599)
- Receivables within one year +€12,599
up €12,599 (+193.0%), from €6,528 to €19,127
of which Trade receivables: +€12,599
- Profit (loss) carried forward -€18,523
down €18,523 (-37.8%), from €48,984 to €30,462
- Other debts +€14,250
up €14,250, from €0 to €14,250
- Tax, wage and social debts -€11,764
down €11,764 (-47.9%), from €24,566 to €12,802
- Debts after one year -€9,402
down €9,402 (-23.4%), from €40,181 to €30,779
- Reserves +€7,095
up €7,095 (+19.2%), from €36,860 to €43,955
of which Distributable reserves: +€7,095
- Depreciation +€2,986
up €2,986 (+15.6%), from €19,172 to €22,157
- Financial charges +€1,503
up €1,503 (+127.2%), from €1,182 to €2,685
- Staff costs -€709
down €709 (-100.0%), from €709 to €0
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 | €172,642 | €150,334 | -€22,308 | -12.9% |
| Fixed assets | 21/28 | €75,460 | €54,384 | -€21,076 | -27.9% |
| Tangible fixed assets | 22/27 | €75,460 | €54,384 | -€21,076 | -27.9% |
| Plant, machinery and equipment | 23 | €9,620 | €5,136 | -€4,484 | -46.6% |
| Furniture and vehicles | 24 | €7,952 | €3,433 | -€4,519 | -56.8% |
| Leasing and similar rights | 25 | €57,887 | €45,815 | -€12,073 | -20.9% |
| Current assets | 29/58 | €97,182 | €95,950 | -€1,233 | -1.3% |
| Amounts receivable within one year | 40/41 | €6,528 | €19,127 | +€12,599 | +193.0% |
| Trade receivables | 40 | €6,528 | €19,127 | +€12,599 | +193.0% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €89,357 | €75,419 | -€13,938 | -15.6% |
| Deferred charges and accrued income | 490/1 | €1,297 | €1,403 | +€106 | +8.2% |
| Total equity and liabilities | 10/49 | €172,642 | €150,334 | -€22,308 | -12.9% |
| Equity | 10/15 | €92,044 | €80,617 | -€11,428 | -12.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €36,860 | €43,955 | +€7,095 | +19.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €35,000 | €42,095 | +€7,095 | +20.3% |
| Profit (loss) carried forward | 14 | €48,984 | €30,462 | -€18,523 | -37.8% |
| Amounts payable | 17/49 | €80,597 | €69,717 | -€10,881 | -13.5% |
| Amounts payable after more than one year | 17 | €40,181 | €30,779 | -€9,402 | -23.4% |
| Financial debts | 170/4 | €40,181 | €30,779 | -€9,402 | -23.4% |
| Amounts payable within one year | 42/48 | €40,416 | €38,874 | -€1,542 | -3.8% |
| Current portion of amounts payable after more than one year | 42 | €10,783 | €11,822 | +€1,039 | +9.6% |
| Trade debts | 44 | €5,067 | €0 | -€5,067 | -100.0% |
| Suppliers | 440/4 | €5,067 | €0 | -€5,067 | -100.0% |
| Taxes, remuneration and social security | 45 | €24,566 | €12,802 | -€11,764 | -47.9% |
| Taxes | 450/3 | €24,566 | €12,802 | -€11,764 | -47.9% |
| Other amounts payable | 47/48 | €0 | €14,250 | +€14,250 | |
| Accrued charges and deferred income | 492/3 | - | €63 | +€63 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €709 | €0 | -€709 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,172 | €22,157 | +€2,986 | +15.6% |
| Other operating charges | 640/8 | €3,084 | €2,724 | -€359 | -11.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €50,704 | €51,206 | +€503 | +1.0% |
| Operating profit (loss) | 9901 | €27,739 | €26,325 | -€1,414 | -5.1% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €1,182 | €2,685 | +€1,503 | +127.2% |
| Recurring financial charges | 65 | €1,182 | €2,685 | +€1,503 | +127.2% |
| Profit (loss) for the period before taxes | 9903 | €26,557 | €23,640 | -€2,917 | -11.0% |
| Income taxes | 67/77 | €8,035 | €8,383 | +€349 | +4.3% |
| Profit (loss) for the period | 9904 | €18,523 | €15,256 | -€3,266 | -17.6% |
| Profit (loss) for the period to be appropriated | 9905 | €18,523 | €15,256 | -€3,266 | -17.6% |
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 12 October 2026 via checked.be.