GENERAL TRUST: 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.
GENERAL TRUST
Largest movements
- Cash -€21,835
down €21,835 (-65.4%), from €33,362 to €11,527
mainly Investment in fixed assets (net) (-€25,879) and Receivables within one year (-€9,839)
- Tangible fixed assets +€10,328
up €10,328 (+13.4%), from €77,330 to €87,659
of which Furniture and vehicles: +€18,850
- Receivables within one year +€9,839
up €9,839 (+851%), from €1,156 to €10,994
of which Other amounts receivable: +€9,919
- Reserves +€32,347
up €32,347 (+59.2%), from €54,609 to €86,956
- Profit (loss) carried forward -€22,441
down €22,441 (-100%), from €22,441 to €0
- Other debts -€8,029
down €8,029 (-100%), from €8,029 to €0
- Current portion of long-term debt -€4,787
down €4,787 (-100%), from €4,787 to €0
- Tax, wage and social debts +€2,728
up €2,728 (+121%), from €2,253 to €4,981
- Gross operating margin -€38,618
down €38,618 (-51.1%), from €75,593 to €36,975
- Depreciation -€7,286
down €7,286 (-31.9%), from €22,837 to €15,551
- Taxes +€2,293
up €2,293 (+108%), from €2,132 to €4,425
- Other operating charges -€797
down €797 (-29.7%), from €2,683 to €1,886
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 | €112,307 | €110,622 | -€1,685 | -1.5% |
| Fixed assets | 21/28 | €77,330 | €87,659 | +€10,328 | +13.4% |
| Tangible fixed assets | 22/27 | €77,330 | €87,659 | +€10,328 | +13.4% |
| Land and buildings | 22 | €48,903 | €40,381 | -€8,522 | -17.4% |
| Furniture and vehicles | 24 | €28,428 | €47,278 | +€18,850 | +66.3% |
| Current assets | 29/58 | €34,977 | €22,963 | -€12,014 | -34.3% |
| Amounts receivable within one year | 40/41 | €1,156 | €10,994 | +€9,839 | +851% |
| Trade receivables | 40 | €908 | €827 | -€80 | -8.8% |
| Other amounts receivable | 41 | €248 | €10,167 | +€9,919 | +3,997% |
| Cash at bank and in hand | 54/58 | €33,362 | €11,527 | -€21,835 | -65.4% |
| Deferred charges and accrued income | 490/1 | €459 | €442 | -€17 | -3.8% |
| Total equity and liabilities | 10/49 | €112,307 | €110,622 | -€1,685 | -1.5% |
| Equity | 10/15 | €95,642 | €105,548 | +€9,907 | +10.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €54,609 | €86,956 | +€32,347 | +59.2% |
| Distributable reserves | 133 | €54,609 | €86,956 | +€32,347 | +59.2% |
| Profit (loss) carried forward | 14 | €22,441 | €0 | -€22,441 | -100% |
| Amounts payable | 17/49 | €16,666 | €5,074 | -€11,592 | -69.6% |
| Amounts payable within one year | 42/48 | €15,574 | €4,981 | -€10,594 | -68.0% |
| Current portion of amounts payable after more than one year | 42 | €4,787 | €0 | -€4,787 | -100% |
| Trade debts | 44 | €505 | €0 | -€505 | -100% |
| Suppliers | 440/4 | €505 | €0 | -€505 | -100% |
| Taxes, remuneration and social security | 45 | €2,253 | €4,981 | +€2,728 | +121% |
| Taxes | 450/3 | €2,253 | €4,981 | +€2,728 | +121% |
| Other amounts payable | 47/48 | €8,029 | €0 | -€8,029 | -100% |
| Accrued charges and deferred income | 492/3 | €1,091 | €93 | -€998 | -91.5% |
| Remuneration, social security and pensions | 62 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,837 | €15,551 | -€7,286 | -31.9% |
| Other operating charges | 640/8 | €2,683 | €1,886 | -€797 | -29.7% |
| Non-recurring operating charges | 66A | - | €5,005 | +€5,005 | |
| Gross operating margin | 9900 | €75,593 | €36,975 | -€38,618 | -51.1% |
| Operating profit (loss) | 9901 | €50,073 | €14,533 | -€35,540 | -71.0% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €606 | €202 | -€404 | -66.7% |
| Recurring financial charges | 65 | €606 | €202 | -€404 | -66.7% |
| Profit (loss) for the period before taxes | 9903 | €49,467 | €14,332 | -€35,135 | -71.0% |
| Income taxes | 67/77 | €2,132 | €4,425 | +€2,293 | +108% |
| Profit (loss) for the period | 9904 | €47,335 | €9,907 | -€37,428 | -79.1% |
| Profit (loss) for the period to be appropriated | 9905 | €47,335 | €9,907 | -€37,428 | -79.1% |
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 22 October 2026 via checked.be.