DE TRUWEEL: 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.
What changed
DE TRUWEEL
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€13,393
2024 · -€2,434+€15,828
Equity
€742,439
2024 · €729,046+€13,393
Cash
€16,931
2024 · €16,162+€769
Balance sheet total
€1.9m
2024 · €1.9m-€50,480
Largest movements
Assets
- Tangible fixed assets -€48,249
down €48,249 (-3.0%), from €1.6m to €1.5m
Equity and liabilities
- Debts after one year -€57,462
down €57,462 (-10.4%), from €550,905 to €493,442
- Profit (loss) carried forward +€32,432
up €32,432 (+81.0%), from -€40,045 to -€7,613
Income statement
- Financial charges -€8,381
down €8,381 (-24.6%), from €34,087 to €25,707
- Gross operating margin +€7,962
up €7,962 (+9.3%), from €85,448 to €93,410
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.
Result 2024
-€2,434
Gross operating margin
+€7,962
Other operating charges
-€384
Financial income
+€25
Financial charges
+€8,381
Taxes
-€155
Result 2025
€13,393
raises the resultlowers the result
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.
From operations
+€55,597
Investment
€0
Financing
-€54,828
Cash 2024
€16,162
From operations (derived)
+€55,597
Net result for the year
+€13,393
Depreciation
+€48,249
Receivables within one year
+€3,000
Provisions
-€6,346
Trade debts
-€1,187
Tax, wage and social debts
+€155
Accrued charges and deferred income
-€1,668
Financing
-€54,828
Debts after one year
-€57,462
Current portion of long-term debt
+€2,635
Cash 2025
€16,931
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,933,178 | €1,882,698 | -€50,480 | -2.6% |
| Fixed assets | 21/28 | €1,597,760 | €1,549,511 | -€48,249 | -3.0% |
| Tangible fixed assets | 22/27 | €1,597,524 | €1,549,275 | -€48,249 | -3.0% |
| Land and buildings | 22 | €1,597,524 | €1,549,275 | -€48,249 | -3.0% |
| Financial fixed assets | 28 | €236 | €236 | = | 0.0% |
| Current assets | 29/58 | €335,418 | €333,187 | -€2,231 | -0.7% |
| Amounts receivable within one year | 40/41 | €319,256 | €316,256 | -€3,000 | -0.9% |
| Other amounts receivable | 41 | €319,256 | €316,256 | -€3,000 | -0.9% |
| Cash at bank and in hand | 54/58 | €16,162 | €16,931 | +€769 | +4.8% |
| Total equity and liabilities | 10/49 | €1,933,178 | €1,882,698 | -€50,480 | -2.6% |
| Equity | 10/15 | €729,046 | €742,439 | +€13,393 | +1.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €707,091 | €688,052 | -€19,039 | -2.7% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €568,507 | €549,468 | -€19,039 | -3.3% |
| Distributable reserves | 133 | €132,385 | €132,385 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€40,045 | -€7,613 | +€32,432 | +81.0% |
| Provisions and deferred taxes | 16 | €189,502 | €183,156 | -€6,346 | -3.3% |
| Deferred taxes | 168 | €189,502 | €183,156 | -€6,346 | -3.3% |
| Amounts payable | 17/49 | €1,014,630 | €957,103 | -€57,527 | -5.7% |
| Amounts payable after more than one year | 17 | €550,905 | €493,442 | -€57,462 | -10.4% |
| Financial debts | 170/4 | €550,905 | €493,442 | -€57,462 | -10.4% |
| Amounts payable within one year | 42/48 | €453,374 | €454,977 | +€1,603 | +0.4% |
| Current portion of amounts payable after more than one year | 42 | €59,505 | €62,140 | +€2,635 | +4.4% |
| Trade debts | 44 | €11,348 | €10,161 | -€1,187 | -10.5% |
| Suppliers | 440/4 | €11,348 | €10,161 | -€1,187 | -10.5% |
| Taxes, remuneration and social security | 45 | - | €155 | +€155 | |
| Taxes | 450/3 | - | €155 | +€155 | |
| Other amounts payable | 47/48 | €382,521 | €382,521 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €10,351 | €8,683 | -€1,668 | -16.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,249 | €48,249 | = | 0.0% |
| Other operating charges | 640/8 | €11,893 | €12,277 | +€384 | +3.2% |
| Gross operating margin | 9900 | €85,448 | €93,410 | +€7,962 | +9.3% |
| Operating profit (loss) | 9901 | €25,307 | €32,884 | +€7,578 | +29.9% |
| Financial income | 75/76B | - | €25 | +€25 | |
| Recurring financial income | 75 | - | €25 | +€25 | |
| Financial charges | 65/66B | €34,087 | €25,707 | -€8,381 | -24.6% |
| Recurring financial charges | 65 | €34,087 | €25,707 | -€8,381 | -24.6% |
| Profit (loss) for the period before taxes | 9903 | -€8,781 | €7,202 | +€15,983 | |
| Transfer from deferred taxes | 780 | €6,346 | €6,346 | = | 0.0% |
| Income taxes | 67/77 | - | €155 | +€155 | |
| Profit (loss) for the period | 9904 | -€2,434 | €13,393 | +€15,828 | |
| Transfer from tax-exempt reserves | 789 | €19,039 | €19,039 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €16,604 | €32,432 | +€15,828 | +95.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.