DR. TRUIJEN: 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.
DR. TRUIJEN
Largest movements
- Cash +€168,216
up €168,216 (+22.7%), from €740,270 to €908,486
mainly Net result for the year (+€217,934) and Receivables after one year (+€90,841)
- Receivables after one year -€90,841
down €90,841 (-22.7%), from €400,000 to €309,159
- Tangible fixed assets +€82,485
up €82,485 (+104%), from €79,336 to €161,821
of which Furniture and vehicles: +€64,689
- Reserves +€84,366
up €84,366 (+6.0%), from €1.4m to €1.5m
of which Distributable reserves: +€84,366
- Trade debts +€47,922
up €47,922 (+604%), from €7,940 to €55,862
- Other debts +€32,045
up €32,045 (+26.3%), from €122,006 to €154,051
- Depreciation -€15,819
down €15,819 (-27.9%), from €56,646 to €40,827
- Gross operating margin +€4,821
up €4,821 (+1.4%), from €354,604 to €359,425
- Financial charges +€4,628
up €4,628 (+258%), from €1,791 to €6,419
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 | €1,604,310 | €1,755,813 | +€151,503 | +9.4% |
| Fixed assets | 21/28 | €79,336 | €161,821 | +€82,485 | +104% |
| Tangible fixed assets | 22/27 | €79,336 | €161,821 | +€82,485 | +104% |
| Land and buildings | 22 | €78,103 | €96,456 | +€18,354 | +23.5% |
| Plant, machinery and equipment | 23 | €558 | €0 | -€558 | -100% |
| Furniture and vehicles | 24 | €675 | €65,364 | +€64,689 | +9,577% |
| Current assets | 29/58 | €1,524,974 | €1,593,992 | +€69,018 | +4.5% |
| Amounts receivable after more than one year | 29 | €400,000 | €309,159 | -€90,841 | -22.7% |
| Other amounts receivable | 291 | €400,000 | €309,159 | -€90,841 | -22.7% |
| Amounts receivable within one year | 40/41 | €239,315 | €224,678 | -€14,637 | -6.1% |
| Trade receivables | 40 | €239,315 | €224,678 | -€14,637 | -6.1% |
| Current investments | 50/53 | €124,847 | €124,847 | -€0 | 0.0% |
| Cash at bank and in hand | 54/58 | €740,270 | €908,486 | +€168,216 | +22.7% |
| Deferred charges and accrued income | 490/1 | €20,542 | €26,822 | +€6,280 | +30.6% |
| Total equity and liabilities | 10/49 | €1,604,310 | €1,755,813 | +€151,503 | +9.4% |
| Equity | 10/15 | €1,423,141 | €1,507,507 | +€84,366 | +5.9% |
| Contributions | 10/11 | €12,786 | €12,786 | = | 0.0% |
| Reserves | 13 | €1,410,355 | €1,494,721 | +€84,366 | +6.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,410,355 | €1,494,721 | +€84,366 | +6.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €181,169 | €248,306 | +€67,137 | +37.1% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €181,169 | €248,306 | +€67,137 | +37.1% |
| Current portion of amounts payable after more than one year | 42 | €13,844 | €0 | -€13,844 | -100% |
| Trade debts | 44 | €7,940 | €55,862 | +€47,922 | +604% |
| Suppliers | 440/4 | €7,940 | €55,862 | +€47,922 | +604% |
| Taxes, remuneration and social security | 45 | €37,379 | €38,394 | +€1,015 | +2.7% |
| Taxes | 450/3 | €33,997 | €35,012 | +€1,015 | +3.0% |
| Remuneration and social security | 454/9 | €3,382 | €3,382 | -€0 | 0.0% |
| Other amounts payable | 47/48 | €122,006 | €154,051 | +€32,045 | +26.3% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,646 | €40,827 | -€15,819 | -27.9% |
| Other operating charges | 640/8 | €5,631 | €5,024 | -€608 | -10.8% |
| Gross operating margin | 9900 | €354,604 | €359,425 | +€4,821 | +1.4% |
| Operating profit (loss) | 9901 | €292,326 | €313,575 | +€21,248 | +7.3% |
| Financial income | 75/76B | €13,000 | €10,048 | -€2,952 | -22.7% |
| Recurring financial income | 75 | €13,000 | €10,048 | -€2,952 | -22.7% |
| Financial charges | 65/66B | €1,791 | €6,419 | +€4,628 | +258% |
| Recurring financial charges | 65 | €1,791 | €6,419 | +€4,628 | +258% |
| Profit (loss) for the period before taxes | 9903 | €303,535 | €317,203 | +€13,668 | +4.5% |
| Income taxes | 67/77 | €96,241 | €99,269 | +€3,027 | +3.1% |
| Profit (loss) for the period | 9904 | €207,294 | €217,934 | +€10,640 | +5.1% |
| Profit (loss) for the period to be appropriated | 9905 | €207,294 | €217,934 | +€10,640 | +5.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.