#SALESTRUST: 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.
#SALESTRUST
Largest movements
- Current investments -€101,975
down €101,975 (-100%), from €101,975 to €0
- Cash -€47,322
down €47,322 (-88.4%), from €53,559 to €6,237
mainly Other debts (-€91,000) and Net result for the year (-€46,631)
- Tangible fixed assets -€46,938
down €46,938 (-100%), from €46,938 to €0
of which Furniture and vehicles: -€39,546
- Receivables within one year +€30,474
up €30,474 (+150%), from €20,360 to €50,835
of which Other amounts receivable: +€46,543
- Other debts -€91,000
down €91,000 (-91.0%), from €100,000 to €9,000
- Profit (loss) carried forward -€55,631
down €55,631 (-82.3%), from €67,561 to €11,930
- Debts after one year -€10,249
down €10,249 (-43.5%), from €23,567 to €13,318
- Tax, wage and social debts -€8,696
down €8,696 (-75.8%), from €11,474 to €2,778
of which Taxes: -€5,817
- Gross operating margin -€28,061
down €28,061 (-727%), from -€3,859 to -€31,920
- Depreciation -€13,256
down €13,256 (-100%), from €13,256 to €0
- Financial charges +€3,264
up €3,264 (+212%), from €1,542 to €4,805
- Financial income -€1,953
down €1,953 (-40.5%), from €4,819 to €2,866
- Other operating charges -€846
down €846 (-52.0%), from €1,625 to €779
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €223,453 | €57,072 | -€166,381 | -74.5% |
| Fixed assets | 21/28 | €46,938 | €0 | -€46,938 | -100% |
| Tangible fixed assets | 22/27 | €46,938 | €0 | -€46,938 | -100% |
| Land and buildings | 22 | €42 | €0 | -€42 | -100% |
| Furniture and vehicles | 24 | €39,546 | €0 | -€39,546 | -100% |
| Other tangible fixed assets | 26 | €7,350 | €0 | -€7,350 | -100% |
| Current assets | 29/58 | €176,515 | €57,072 | -€119,443 | -67.7% |
| Amounts receivable within one year | 40/41 | €20,360 | €50,835 | +€30,474 | +150% |
| Trade receivables | 40 | €16,069 | €0 | -€16,069 | -100% |
| Other amounts receivable | 41 | €4,291 | €50,835 | +€46,543 | +1,085% |
| Current investments | 50/53 | €101,975 | €0 | -€101,975 | -100% |
| Cash at bank and in hand | 54/58 | €53,559 | €6,237 | -€47,322 | -88.4% |
| Deferred charges and accrued income | 490/1 | €622 | €0 | -€622 | -100% |
| Total equity and liabilities | 10/49 | €223,453 | €57,072 | -€166,381 | -74.5% |
| Equity | 10/15 | €75,561 | €19,930 | -€55,631 | -73.6% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €67,561 | €11,930 | -€55,631 | -82.3% |
| Amounts payable | 17/49 | €147,892 | €37,142 | -€110,750 | -74.9% |
| Amounts payable after more than one year | 17 | €23,567 | €13,318 | -€10,249 | -43.5% |
| Financial debts | 170/4 | €23,567 | €13,318 | -€10,249 | -43.5% |
| Amounts payable within one year | 42/48 | €124,325 | €23,824 | -€100,501 | -80.8% |
| Current portion of amounts payable after more than one year | 42 | €10,811 | €10,249 | -€562 | -5.2% |
| Trade debts | 44 | €2,040 | €1,797 | -€243 | -11.9% |
| Suppliers | 440/4 | €2,040 | €1,797 | -€243 | -11.9% |
| Taxes, remuneration and social security | 45 | €11,474 | €2,778 | -€8,696 | -75.8% |
| Taxes | 450/3 | €8,595 | €2,778 | -€5,817 | -67.7% |
| Remuneration and social security | 454/9 | €2,879 | €0 | -€2,879 | -100% |
| Other amounts payable | 47/48 | €100,000 | €9,000 | -€91,000 | -91.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,256 | €0 | -€13,256 | -100% |
| Other operating charges | 640/8 | €1,625 | €779 | -€846 | -52.0% |
| Non-recurring operating charges | 66A | - | €11,850 | +€11,850 | |
| Gross operating margin | 9900 | -€3,859 | -€31,920 | -€28,061 | -727% |
| Operating profit (loss) | 9901 | -€18,740 | -€44,550 | -€25,810 | -138% |
| Financial income | 75/76B | €4,819 | €2,866 | -€1,953 | -40.5% |
| Recurring financial income | 75 | €4,819 | €2,866 | -€1,953 | -40.5% |
| Financial charges | 65/66B | €1,542 | €4,805 | +€3,264 | +212% |
| Recurring financial charges | 65 | €1,542 | €4,805 | +€3,264 | +212% |
| Profit (loss) for the period before taxes | 9903 | -€15,462 | -€46,489 | -€31,027 | -201% |
| Income taxes | 67/77 | €130 | €142 | +€12 | +9.5% |
| Profit (loss) for the period | 9904 | -€15,592 | -€46,631 | -€31,039 | -199% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,592 | -€46,631 | -€31,039 | -199% |
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.