TRUESPACE: 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.
TRUESPACE
Largest movements
- Cash +€35,958
up €35,958 (+7.9%), from €457,239 to €493,197
mainly Net result for the year (+€67,202) and Tax, wage and social debts (+€15,854)
- Receivables within one year +€35,607
up €35,607 (+124.7%), from €28,557 to €64,164
of which Trade receivables: +€33,915
- Reserves +€67,202
up €67,202 (+15.0%), from €449,186 to €516,387
of which Non-distributable reserves: +€67,200
- Tax, wage and social debts +€15,854
up €15,854 (+82.8%), from €19,145 to €35,000
- Other debts -€12,321
no longer reported in 2025 (was €12,321)
- Gross operating margin +€59,639
up €59,639 (+130.9%), from €45,544 to €105,183
- Taxes +€19,156
up €19,156 (+124.2%), from €15,429 to €34,584
- Financial income -€6,554
down €6,554 (-70.3%), from €9,317 to €2,763
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 | €487,631 | €558,801 | +€71,169 | +14.6% |
| Fixed assets | 21/28 | €835 | €959 | +€124 | +14.8% |
| Tangible fixed assets | 22/27 | €835 | €959 | +€124 | +14.8% |
| Land and buildings | 22 | €77 | - | -€77 | |
| Plant, machinery and equipment | 23 | €175 | €908 | +€733 | +418.3% |
| Furniture and vehicles | 24 | €582 | €51 | -€531 | -91.3% |
| Current assets | 29/58 | €486,796 | €557,842 | +€71,045 | +14.6% |
| Amounts receivable within one year | 40/41 | €28,557 | €64,164 | +€35,607 | +124.7% |
| Trade receivables | 40 | €28,538 | €62,453 | +€33,915 | +118.8% |
| Other amounts receivable | 41 | €19 | €1,711 | +€1,692 | +8939.1% |
| Cash at bank and in hand | 54/58 | €457,239 | €493,197 | +€35,958 | +7.9% |
| Deferred charges and accrued income | 490/1 | €999 | €480 | -€519 | -52.0% |
| Total equity and liabilities | 10/49 | €487,631 | €558,801 | +€71,169 | +14.6% |
| Equity | 10/15 | €455,386 | €522,587 | +€67,202 | +14.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €449,186 | €516,387 | +€67,202 | +15.0% |
| Non-distributable reserves | 130/1 | €249,200 | €316,400 | +€67,200 | +27.0% |
| Other | 1319 | €249,200 | €316,400 | +€67,200 | +27.0% |
| Distributable reserves | 133 | €199,986 | €199,987 | +€2 | 0.0% |
| Amounts payable | 17/49 | €32,246 | €36,213 | +€3,968 | +12.3% |
| Amounts payable within one year | 42/48 | €32,246 | €36,213 | +€3,968 | +12.3% |
| Trade debts | 44 | €779 | €1,214 | +€435 | +55.8% |
| Suppliers | 440/4 | €779 | €1,214 | +€435 | +55.8% |
| Taxes, remuneration and social security | 45 | €19,145 | €35,000 | +€15,854 | +82.8% |
| Taxes | 450/3 | €19,145 | €35,000 | +€15,854 | +82.8% |
| Other amounts payable | 47/48 | €12,321 | - | -€12,321 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,367 | €1,012 | -€355 | -26.0% |
| Other operating charges | 640/8 | €4,846 | €4,918 | +€71 | +1.5% |
| Gross operating margin | 9900 | €45,544 | €105,183 | +€59,639 | +130.9% |
| Operating profit (loss) | 9901 | €39,331 | €99,253 | +€59,922 | +152.4% |
| Financial income | 75/76B | €9,317 | €2,763 | -€6,554 | -70.3% |
| Recurring financial income | 75 | €9,317 | €2,763 | -€6,554 | -70.3% |
| Financial charges | 65/66B | €335 | €231 | -€104 | -31.1% |
| Recurring financial charges | 65 | €335 | €231 | -€104 | -31.1% |
| Profit (loss) for the period before taxes | 9903 | €48,313 | €101,786 | +€53,473 | +110.7% |
| Income taxes | 67/77 | €15,429 | €34,584 | +€19,156 | +124.2% |
| Profit (loss) for the period | 9904 | €32,884 | €67,202 | +€34,317 | +104.4% |
| Profit (loss) for the period to be appropriated | 9905 | €32,884 | €67,202 | +€34,317 | +104.4% |
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 8 October 2026 via checked.be.