TRUCA: what changed
Two fiscal 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.
TRUCA
Largest movements
- Receivables within one year +€17,816
up €17,816 (+8.4%), from €211,203 to €229,019
of which Trade receivables: +€27,326
- Receivables after one year +€15,500
up €15,500 (+16.4%), from €94,500 to €110,000
- Tangible fixed assets -€7,559
down €7,559 (-2.5%), from €304,704 to €297,144
of which Land and buildings: -€6,105
- Reserves +€16,636
up €16,636 (+3.5%), from €470,630 to €487,267
- Debts after one year -€12,853
down €12,853 (-23.9%), from €53,691 to €40,838
- Tax, wage and social debts +€11,541
up €11,541 (+60.5%), from €19,078 to €30,619
- Gross operating margin +€8,970
up €8,970 (+23.4%), from €38,278 to €47,248
- Write-downs -€5,000
down €5,000 (-100.0%), from €5,000 to €0
- Taxes +€4,263
up €4,263 (+62.5%), from €6,826 to €11,089
- Financial charges +€2,505
up €2,505 (+33.6%), from €7,465 to €9,970
- Depreciation -€1,182
down €1,182 (-13.5%), from €8,742 to €7,559
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.
Cash bridge derived
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 | €612,861 | €636,914 | +€24,053 | +3.9% |
| Fixed assets | 21/28 | €305,454 | €297,894 | -€7,559 | -2.5% |
| Tangible fixed assets | 22/27 | €304,704 | €297,144 | -€7,559 | -2.5% |
| Land and buildings | 22 | €106,598 | €100,493 | -€6,105 | -5.7% |
| Plant, machinery and equipment | 23 | €196,635 | €195,914 | -€721 | -0.4% |
| Furniture and vehicles | 24 | €1,471 | €737 | -€733 | -49.9% |
| Financial fixed assets | 28 | €750 | €750 | = | 0.0% |
| Current assets | 29/58 | €307,407 | €339,019 | +€31,612 | +10.3% |
| Amounts receivable after more than one year | 29 | €94,500 | €110,000 | +€15,500 | +16.4% |
| Other amounts receivable | 291 | €94,500 | €110,000 | +€15,500 | +16.4% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €211,203 | €229,019 | +€17,816 | +8.4% |
| Trade receivables | 40 | €200,306 | €227,633 | +€27,326 | +13.6% |
| Other amounts receivable | 41 | €10,897 | €1,387 | -€9,510 | -87.3% |
| Cash at bank and in hand | 54/58 | €1,704 | €0 | -€1,704 | -100.0% |
| Total equity and liabilities | 10/49 | €612,861 | €636,914 | +€24,053 | +3.9% |
| Equity | 10/15 | €499,080 | €515,717 | +€16,636 | +3.3% |
| Contributions | 10/11 | €28,450 | €28,450 | = | 0.0% |
| Reserves | 13 | €470,630 | €487,267 | +€16,636 | +3.5% |
| Distributable reserves | 133 | €470,630 | €487,267 | +€16,636 | +3.5% |
| Amounts payable | 17/49 | €113,781 | €121,197 | +€7,417 | +6.5% |
| Amounts payable after more than one year | 17 | €53,691 | €40,838 | -€12,853 | -23.9% |
| Financial debts | 170/4 | €53,691 | €40,838 | -€12,853 | -23.9% |
| Amounts payable within one year | 42/48 | €60,090 | €80,359 | +€20,270 | +33.7% |
| Current portion of amounts payable after more than one year | 42 | €15,522 | €21,012 | +€5,490 | +35.4% |
| Financial debts | 43 | €9,994 | €6,949 | -€3,044 | -30.5% |
| Credit institutions | 430/8 | €9,994 | €6,949 | -€3,044 | -30.5% |
| Trade debts | 44 | €15,454 | €18,822 | +€3,368 | +21.8% |
| Suppliers | 440/4 | €15,454 | €18,822 | +€3,368 | +21.8% |
| Taxes, remuneration and social security | 45 | €19,078 | €30,619 | +€11,541 | +60.5% |
| Taxes | 450/3 | €19,078 | €30,619 | +€11,541 | +60.5% |
| Other amounts payable | 47/48 | €41 | €2,957 | +€2,916 | +7061.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,742 | €7,559 | -€1,182 | -13.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,000 | €0 | -€5,000 | -100.0% |
| Other operating charges | 640/8 | €4,097 | €4,039 | -€58 | -1.4% |
| Gross operating margin | 9900 | €38,278 | €47,248 | +€8,970 | +23.4% |
| Operating profit (loss) | 9901 | €20,439 | €35,650 | +€15,211 | +74.4% |
| Financial income | 75/76B | €1,891 | €2,045 | +€154 | +8.1% |
| Recurring financial income | 75 | €1,891 | €2,045 | +€154 | +8.1% |
| Financial charges | 65/66B | €7,465 | €9,970 | +€2,505 | +33.6% |
| Recurring financial charges | 65 | €7,465 | €9,970 | +€2,505 | +33.6% |
| Profit (loss) for the period before taxes | 9903 | €14,865 | €27,725 | +€12,859 | +86.5% |
| Income taxes | 67/77 | €6,826 | €11,089 | +€4,263 | +62.5% |
| Profit (loss) for the period | 9904 | €8,040 | €16,636 | +€8,597 | +106.9% |
| Profit (loss) for the period to be appropriated | 9905 | €8,040 | €16,636 | +€8,597 | +106.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.