LE TRUSQUIN: 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.
LE TRUSQUIN
Largest movements
- Cash +€99,854
up €99,854 (+87.4%), from €114,245 to €214,098
- Stocks and contracts -€33,129
down €33,129 (-19.2%), from €172,307 to €139,178
- Receivables within one year +€30,345
up €30,345 (+826%), from €3,673 to €34,018
of which Trade receivables: +€27,419
- Tangible fixed assets -€6,806
down €6,806 (-98.5%), from €6,908 to €103
- Reserves +€80,870
up €80,870 (+90.6%), from €89,225 to €170,095
of which Distributable reserves: +€80,870
- Provisions +€12,655
up €12,655 (+48.4%), from €26,126 to €38,781
- Trade debts +€10,561
up €10,561 (+39.9%), from €26,474 to €37,035
- Other debts -€7,246
down €7,246 (-100%), from €7,246 to €0
- Current portion of long-term debt -€5,848
down €5,848 (-100%), from €5,848 to €0
- Gross operating margin +€41,325
up €41,325 (+34.1%), from €121,063 to €162,388
- Taxes +€15,361
up €15,361 (+63.5%), from €24,199 to €39,560
- Staff costs -€9,128
down €9,128 (-100%), from €9,128 to €0
- Provisions -€7,206
down €7,206 (-36.3%), from €19,861 to €12,655
- Other operating charges +€6,772
up €6,772 (+80.7%), from €8,388 to €15,160
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €297,912 | €387,973 | +€90,061 | +30.2% |
| Fixed assets | 21/28 | €6,908 | €103 | -€6,806 | -98.5% |
| Tangible fixed assets | 22/27 | €6,908 | €103 | -€6,806 | -98.5% |
| Furniture and vehicles | 24 | €6,908 | €103 | -€6,806 | -98.5% |
| Current assets | 29/58 | €291,004 | €387,871 | +€96,867 | +33.3% |
| Stocks and contracts in progress | 3 | €172,307 | €139,178 | -€33,129 | -19.2% |
| Stocks | 30/36 | €172,307 | €139,178 | -€33,129 | -19.2% |
| Amounts receivable within one year | 40/41 | €3,673 | €34,018 | +€30,345 | +826% |
| Trade receivables | 40 | €3,242 | €30,661 | +€27,419 | +846% |
| Other amounts receivable | 41 | €432 | €3,357 | +€2,925 | +678% |
| Cash at bank and in hand | 54/58 | €114,245 | €214,098 | +€99,854 | +87.4% |
| Deferred charges and accrued income | 490/1 | €780 | €577 | -€203 | -26.0% |
| Total equity and liabilities | 10/49 | €297,912 | €387,973 | +€90,061 | +30.2% |
| Equity | 10/15 | €210,713 | €291,585 | +€80,872 | +38.4% |
| Contributions | 10/11 | €54,829 | €54,829 | = | 0.0% |
| Reserves | 13 | €89,225 | €170,095 | +€80,870 | +90.6% |
| Non-distributable reserves | 130/1 | €7,500 | €7,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,500 | €7,500 | = | 0.0% |
| Distributable reserves | 133 | €81,725 | €162,595 | +€80,870 | +99.0% |
| Profit (loss) carried forward | 14 | €66,659 | €66,661 | +€2 | 0.0% |
| Provisions and deferred taxes | 16 | €26,126 | €38,781 | +€12,655 | +48.4% |
| Provisions for liabilities and charges | 160/5 | €26,126 | €38,781 | +€12,655 | +48.4% |
| Other liabilities and charges | 164/5 | €26,126 | €38,781 | +€12,655 | +48.4% |
| Amounts payable | 17/49 | €61,073 | €57,607 | -€3,466 | -5.7% |
| Amounts payable within one year | 42/48 | €52,067 | €50,500 | -€1,567 | -3.0% |
| Current portion of amounts payable after more than one year | 42 | €5,848 | €0 | -€5,848 | -100% |
| Trade debts | 44 | €26,474 | €37,035 | +€10,561 | +39.9% |
| Suppliers | 440/4 | €26,474 | €37,035 | +€10,561 | +39.9% |
| Taxes, remuneration and social security | 45 | €12,500 | €13,465 | +€965 | +7.7% |
| Taxes | 450/3 | €11,769 | €13,465 | +€1,696 | +14.4% |
| Remuneration and social security | 454/9 | €731 | €0 | -€731 | -100% |
| Other amounts payable | 47/48 | €7,246 | €0 | -€7,246 | -100% |
| Accrued charges and deferred income | 492/3 | €9,006 | €7,107 | -€1,899 | -21.1% |
| Remuneration, social security and pensions | 62 | €9,128 | €0 | -€9,128 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,621 | €6,806 | +€1,185 | +21.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €5,278 | +€5,278 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €19,861 | €12,655 | -€7,206 | -36.3% |
| Other operating charges | 640/8 | €8,388 | €15,160 | +€6,772 | +80.7% |
| Gross operating margin | 9900 | €121,063 | €162,388 | +€41,325 | +34.1% |
| Operating profit (loss) | 9901 | €78,066 | €122,489 | +€44,424 | +56.9% |
| Financial income | 75/76B | €1,321 | €1,626 | +€305 | +23.1% |
| Recurring financial income | 75 | €1,321 | €1,626 | +€305 | +23.1% |
| Financial charges | 65/66B | €2,302 | €3,683 | +€1,382 | +60.0% |
| Recurring financial charges | 65 | €2,302 | €3,683 | +€1,382 | +60.0% |
| Profit (loss) for the period before taxes | 9903 | €77,085 | €120,432 | +€43,347 | +56.2% |
| Income taxes | 67/77 | €24,199 | €39,560 | +€15,361 | +63.5% |
| Profit (loss) for the period | 9904 | €52,886 | €80,872 | +€27,986 | +52.9% |
| Profit (loss) for the period to be appropriated | 9905 | €52,886 | €80,872 | +€27,986 | +52.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.