TRUELLE: 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.
TRUELLE
Largest movements
- Stocks and contracts +€38,675
up €38,675 (+5.0%), from €775,759 to €814,434
- Advances received +€360,000
new in 2025: €360,000
- Short-term financial debts -€287,000
down €287,000 (-100%), from €287,000 to €0
- Other debts -€60,848
down €60,848 (-18.1%), from €336,630 to €275,781
- Debts after one year +€30,000
up €30,000 (+33.3%), from €90,000 to €120,000
- Profit (loss) carried forward -€16,612
down €16,612 (-42.0%), from -€39,511 to -€56,123
- Financial charges -€13,074
down €13,074 (-49.0%), from €26,656 to €13,581
- Gross operating margin -€6,053
down €6,053, from €3,616 to -€2,437
- Financial income -€316
no longer reported in 2025 (was €316)
- Other operating charges -€104
down €104 (-14.9%), from €697 to €593
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 | €782,996 | €816,319 | +€33,323 | +4.3% |
| Current assets | 29/58 | €782,996 | €816,319 | +€33,323 | +4.3% |
| Stocks and contracts in progress | 3 | €775,759 | €814,434 | +€38,675 | +5.0% |
| Stocks | 30/36 | €775,759 | €814,434 | +€38,675 | +5.0% |
| Amounts receivable within one year | 40/41 | €815 | €536 | -€280 | -34.3% |
| Trade receivables | 40 | €0 | €0 | = | |
| Other amounts receivable | 41 | €815 | €536 | -€280 | -34.3% |
| Cash at bank and in hand | 54/58 | €5,665 | €1,350 | -€4,316 | -76.2% |
| Deferred charges and accrued income | 490/1 | €757 | €0 | -€757 | -100% |
| Total equity and liabilities | 10/49 | €782,996 | €816,319 | +€33,323 | +4.3% |
| Equity | 10/15 | €41,689 | €25,077 | -€16,612 | -39.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €75,000 | €75,000 | = | 0.0% |
| Distributable reserves | 133 | €75,000 | €75,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€39,511 | -€56,123 | -€16,612 | -42.0% |
| Amounts payable | 17/49 | €741,307 | €791,242 | +€49,935 | +6.7% |
| Amounts payable after more than one year | 17 | €90,000 | €120,000 | +€30,000 | +33.3% |
| Financial debts | 170/4 | €90,000 | €120,000 | +€30,000 | +33.3% |
| Amounts payable within one year | 42/48 | €627,857 | €638,235 | +€10,378 | +1.7% |
| Financial debts | 43 | €287,000 | €0 | -€287,000 | -100% |
| Credit institutions | 430/8 | €287,000 | €0 | -€287,000 | -100% |
| Trade debts | 44 | €4,227 | €2,454 | -€1,773 | -42.0% |
| Suppliers | 440/4 | €4,227 | €2,454 | -€1,773 | -42.0% |
| Advances received on contracts in progress | 46 | - | €360,000 | +€360,000 | |
| Taxes, remuneration and social security | 45 | €0 | €0 | = | |
| Taxes | 450/3 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €336,630 | €275,781 | -€60,848 | -18.1% |
| Accrued charges and deferred income | 492/3 | €23,451 | €33,008 | +€9,557 | +40.8% |
| Other operating charges | 640/8 | €697 | €593 | -€104 | -14.9% |
| Gross operating margin | 9900 | €3,616 | -€2,437 | -€6,053 | |
| Operating profit (loss) | 9901 | €2,919 | -€3,031 | -€5,950 | |
| Financial income | 75/76B | €316 | - | -€316 | |
| Recurring financial income | 75 | €316 | - | -€316 | |
| Financial charges | 65/66B | €26,656 | €13,581 | -€13,074 | -49.0% |
| Recurring financial charges | 65 | €26,656 | €13,581 | -€13,074 | -49.0% |
| Profit (loss) for the period before taxes | 9903 | -€23,421 | -€16,612 | +€6,809 | +29.1% |
| Profit (loss) for the period | 9904 | -€23,421 | -€16,612 | +€6,809 | +29.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€23,421 | -€16,612 | +€6,809 | +29.1% |
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 27 October 2026 via checked.be.