TRUECARE: 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.
TRUECARE
Largest movements
- Tangible fixed assets -€6,458
down €6,458 (-22.7%), from €28,458 to €22,000
of which Plant, machinery and equipment: -€6,458
- Cash -€2,435
down €2,435 (-47.9%), from €5,089 to €2,654
mainly Net result for the year (-€13,912) and Other debts (-€1,125)
- Deferred charges and accrued income -€1,941
down €1,941 (-62.7%), from €3,097 to €1,156
- Profit (loss) carried forward -€13,912
down €13,912 (-56.5%), from -€24,612 to -€38,524
- Tax, wage and social debts +€2,134
up €2,134 (+83.9%), from €2,544 to €4,678
of which Taxes: +€1,727
- Trade debts +€2,086
up €2,086 (+208%), from €1,003 to €3,090
- Other debts -€1,125
down €1,125 (-3.9%), from €29,187 to €28,062
- Gross operating margin -€4,128
down €4,128 (-570%), from -€724 to -€4,852
- Depreciation +€3,958
up €3,958 (+158%), from €2,500 to €6,458
- Financial charges -€291
down €291 (-11.9%), from €2,452 to €2,162
- Taxes -€211
down €211 (-63.9%), from €331 to €119
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 | €44,717 | €33,901 | -€10,815 | -24.2% |
| Fixed assets | 21/28 | €30,558 | €24,100 | -€6,458 | -21.1% |
| Tangible fixed assets | 22/27 | €28,458 | €22,000 | -€6,458 | -22.7% |
| Plant, machinery and equipment | 23 | €6,458 | - | -€6,458 | |
| Furniture and vehicles | 24 | €22,000 | €22,000 | = | 0.0% |
| Financial fixed assets | 28 | €2,100 | €2,100 | = | 0.0% |
| Current assets | 29/58 | €14,158 | €9,801 | -€4,357 | -30.8% |
| Stocks and contracts in progress | 3 | €3,026 | €2,750 | -€276 | -9.1% |
| Stocks | 30/36 | €3,026 | €2,750 | -€276 | -9.1% |
| Amounts receivable within one year | 40/41 | €2,947 | €3,242 | +€295 | +10.0% |
| Trade receivables | 40 | €95 | €3,047 | +€2,952 | +3,121% |
| Other amounts receivable | 41 | €2,852 | €195 | -€2,657 | -93.2% |
| Cash at bank and in hand | 54/58 | €5,089 | €2,654 | -€2,435 | -47.9% |
| Deferred charges and accrued income | 490/1 | €3,097 | €1,156 | -€1,941 | -62.7% |
| Total equity and liabilities | 10/49 | €44,717 | €33,901 | -€10,815 | -24.2% |
| Equity | 10/15 | -€5,917 | -€19,829 | -€13,912 | -235% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €95 | €95 | = | 0.0% |
| Distributable reserves | 133 | €95 | €95 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,612 | -€38,524 | -€13,912 | -56.5% |
| Amounts payable | 17/49 | €50,634 | €53,730 | +€3,096 | +6.1% |
| Amounts payable after more than one year | 17 | €13,500 | €13,500 | = | 0.0% |
| Financial debts | 170/4 | €13,500 | €13,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €37,134 | €40,230 | +€3,096 | +8.3% |
| Current portion of amounts payable after more than one year | 42 | €4,400 | €4,400 | = | 0.0% |
| Trade debts | 44 | €1,003 | €3,090 | +€2,086 | +208% |
| Suppliers | 440/4 | €1,003 | €3,090 | +€2,086 | +208% |
| Taxes, remuneration and social security | 45 | €2,544 | €4,678 | +€2,134 | +83.9% |
| Taxes | 450/3 | €379 | €2,105 | +€1,727 | +456% |
| Remuneration and social security | 454/9 | €2,165 | €2,573 | +€408 | +18.8% |
| Other amounts payable | 47/48 | €29,187 | €28,062 | -€1,125 | -3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,500 | €6,458 | +€3,958 | +158% |
| Other operating charges | 640/8 | €318 | €320 | +€2 | +0.6% |
| Gross operating margin | 9900 | -€724 | -€4,852 | -€4,128 | -570% |
| Operating profit (loss) | 9901 | -€3,542 | -€11,631 | -€8,089 | -228% |
| Financial income | 75/76B | €13 | - | -€13 | |
| Recurring financial income | 75 | €13 | - | -€13 | |
| Financial charges | 65/66B | €2,452 | €2,162 | -€291 | -11.9% |
| Recurring financial charges | 65 | €2,452 | €2,162 | -€291 | -11.9% |
| Profit (loss) for the period before taxes | 9903 | -€5,982 | -€13,792 | -€7,811 | -131% |
| Income taxes | 67/77 | €331 | €119 | -€211 | -63.9% |
| Profit (loss) for the period | 9904 | -€6,312 | -€13,912 | -€7,599 | -120% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,312 | -€13,912 | -€7,599 | -120% |
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 13 October 2026 via checked.be.