TRUETECH: 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.
TRUETECH
Largest movements
- Cash +€47,369
up €47,369 (+88.0%), from €53,845 to €101,213
mainly Net result for the year (+€45,198) and Receivables after one year (+€9,730)
- Receivables after one year -€9,730
down €9,730 (-25.4%), from €38,305 to €28,574
- Tangible fixed assets -€4,884
down €4,884 (-26.4%), from €18,468 to €13,584
- Profit (loss) carried forward +€45,198
new in 2025: €45,198
- Tax, wage and social debts -€8,851
down €8,851 (-35.4%), from €25,007 to €16,156
of which Taxes: -€7,533
- Other debts -€5,536
down €5,536 (-100.0%), from €5,536 to €0
- Trade debts +€1,903
up €1,903 (+142.4%), from €1,336 to €3,239
- Taxes -€3,463
down €3,463 (-23.6%), from €14,655 to €11,193
- Gross operating margin +€2,003
up €2,003 (+3.4%), from €58,560 to €60,563
- Financial income +€610
up €610 (+71.4%), from €855 to €1,465
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 | €127,747 | €160,461 | +€32,714 | +25.6% |
| Fixed assets | 21/28 | €18,468 | €13,584 | -€4,884 | -26.4% |
| Tangible fixed assets | 22/27 | €18,468 | €13,584 | -€4,884 | -26.4% |
| Furniture and vehicles | 24 | €18,468 | €13,584 | -€4,884 | -26.4% |
| Current assets | 29/58 | €109,279 | €146,877 | +€37,598 | +34.4% |
| Amounts receivable after more than one year | 29 | €38,305 | €28,574 | -€9,730 | -25.4% |
| Other amounts receivable | 291 | €38,305 | €28,574 | -€9,730 | -25.4% |
| Amounts receivable within one year | 40/41 | €16,547 | €16,483 | -€64 | -0.4% |
| Trade receivables | 40 | €9,449 | €9,027 | -€422 | -4.5% |
| Other amounts receivable | 41 | €7,097 | €7,455 | +€358 | +5.0% |
| Cash at bank and in hand | 54/58 | €53,845 | €101,213 | +€47,369 | +88.0% |
| Deferred charges and accrued income | 490/1 | €583 | €607 | +€23 | +4.0% |
| Total equity and liabilities | 10/49 | €127,747 | €160,461 | +€32,714 | +25.6% |
| Equity | 10/15 | €95,869 | €141,066 | +€45,198 | +47.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €90,869 | €90,869 | = | 0.0% |
| Distributable reserves | 133 | €90,869 | €90,869 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €45,198 | +€45,198 | |
| Amounts payable | 17/49 | €31,879 | €19,395 | -€12,484 | -39.2% |
| Amounts payable within one year | 42/48 | €31,879 | €19,395 | -€12,484 | -39.2% |
| Trade debts | 44 | €1,336 | €3,239 | +€1,903 | +142.4% |
| Suppliers | 440/4 | €1,336 | €3,239 | +€1,903 | +142.4% |
| Taxes, remuneration and social security | 45 | €25,007 | €16,156 | -€8,851 | -35.4% |
| Taxes | 450/3 | €23,689 | €16,156 | -€7,533 | -31.8% |
| Remuneration and social security | 454/9 | €1,318 | €0 | -€1,318 | -100.0% |
| Other amounts payable | 47/48 | €5,536 | €0 | -€5,536 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,606 | €4,884 | +€278 | +6.0% |
| Other operating charges | 640/8 | €292 | €699 | +€407 | +139.6% |
| Gross operating margin | 9900 | €58,560 | €60,563 | +€2,003 | +3.4% |
| Operating profit (loss) | 9901 | €53,662 | €54,980 | +€1,317 | +2.5% |
| Financial income | 75/76B | €855 | €1,465 | +€610 | +71.4% |
| Recurring financial income | 75 | €855 | €1,465 | +€610 | +71.4% |
| Financial charges | 65/66B | €53 | €54 | +€2 | +2.9% |
| Recurring financial charges | 65 | €53 | €54 | +€2 | +2.9% |
| Profit (loss) for the period before taxes | 9903 | €54,465 | €56,390 | +€1,926 | +3.5% |
| Income taxes | 67/77 | €14,655 | €11,193 | -€3,463 | -23.6% |
| Profit (loss) for the period | 9904 | €39,809 | €45,198 | +€5,388 | +13.5% |
| Profit (loss) for the period to be appropriated | 9905 | €39,809 | €45,198 | +€5,388 | +13.5% |
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.