True Saints: 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.
True Saints
Largest movements
- Financial fixed assets -€613,689
no longer reported in 2025 (was €613,689)
- Receivables within one year -€17,496
down €17,496 (-96.5%), from €18,138 to €642
of which Trade receivables: -€10,484
- Profit (loss) carried forward -€671,582
down €671,582 (-115%), from -€583,620 to -€1.3m
- Other debts +€52,775
up €52,775 (+4.7%), from €1.1m to €1.2m
- Trade debts -€7,380
down €7,380 (-29.8%), from €24,745 to €17,365
- Financial charges +€604,171
up €604,171 (+938%), from €64,387 to €668,558
of which Non-recurring financial charges: +€607,579
- Purchases and services -€339,169
down €339,169 (-97.1%), from €349,341 to €10,171
- Turnover -€124,025
down €124,025 (-89.6%), from €138,350 to €14,325
- Staff costs -€52,500
down €52,500 (-89.1%), from €58,922 to €6,423
- Gross operating margin +€2,598
up €2,598 (+152%), from €1,706 to €4,304
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 | €637,146 | €5,026 | -€632,120 | -99.2% |
| Fixed assets | 21/28 | €614,290 | - | -€614,290 | |
| Tangible fixed assets | 22/27 | €601 | - | -€601 | |
| Plant, machinery and equipment | 23 | €601 | - | -€601 | |
| Financial fixed assets | 28 | €613,689 | - | -€613,689 | |
| Current assets | 29/58 | €22,856 | €5,026 | -€17,830 | -78.0% |
| Amounts receivable within one year | 40/41 | €18,138 | €642 | -€17,496 | -96.5% |
| Trade receivables | 40 | €10,484 | - | -€10,484 | |
| Other amounts receivable | 41 | €7,654 | €642 | -€7,012 | -91.6% |
| Cash at bank and in hand | 54/58 | €4,606 | €4,319 | -€288 | -6.2% |
| Deferred charges and accrued income | 490/1 | €111 | €64 | -€47 | -42.2% |
| Total equity and liabilities | 10/49 | €637,146 | €5,026 | -€632,120 | -99.2% |
| Equity | 10/15 | -€521,620 | -€1,193,202 | -€671,582 | -129% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€583,620 | -€1,255,202 | -€671,582 | -115% |
| Amounts payable | 17/49 | €1,158,766 | €1,198,227 | +€39,462 | +3.4% |
| Amounts payable within one year | 42/48 | €1,158,766 | €1,198,227 | +€39,462 | +3.4% |
| Trade debts | 44 | €24,745 | €17,365 | -€7,380 | -29.8% |
| Suppliers | 440/4 | €24,745 | €17,365 | -€7,380 | -29.8% |
| Taxes, remuneration and social security | 45 | €5,933 | - | -€5,933 | |
| Remuneration and social security | 454/9 | €5,933 | - | -€5,933 | |
| Other amounts payable | 47/48 | €1,128,088 | €1,180,863 | +€52,775 | +4.7% |
| Turnover | 70 | €138,350 | €14,325 | -€124,025 | -89.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €349,341 | €10,171 | -€339,169 | -97.1% |
| Remuneration, social security and pensions | 62 | €58,922 | €6,423 | -€52,500 | -89.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76 | €56 | -€19 | -25.6% |
| Other operating charges | 640/8 | €1,159 | €849 | -€310 | -26.7% |
| Gross operating margin | 9900 | €1,706 | €4,304 | +€2,598 | +152% |
| Operating profit (loss) | 9901 | -€58,451 | -€3,024 | +€55,427 | +94.8% |
| Financial income | 75/76B | €32 | - | -€32 | |
| Recurring financial income | 75 | €32 | - | -€32 | |
| Financial charges | 65/66B | €64,387 | €668,558 | +€604,171 | +938% |
| Recurring financial charges | 65 | €58,187 | €54,779 | -€3,408 | -5.9% |
| Non-recurring financial charges | 66B | €6,200 | €613,779 | +€607,579 | +9,800% |
| Profit (loss) for the period before taxes | 9903 | -€122,806 | -€671,582 | -€548,776 | -447% |
| Profit (loss) for the period | 9904 | -€122,806 | -€671,582 | -€548,776 | -447% |
| Profit (loss) for the period to be appropriated | 9905 | -€122,806 | -€671,582 | -€548,776 | -447% |
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 17 October 2026 via checked.be.