TRUISMS: 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.
TRUISMS
Largest movements
- Current investments -€35,121
down €35,121 (-13.5%), from €259,980 to €224,859
- Cash +€5,889
up €5,889 (+410.3%), from €1,435 to €7,325
mainly Net result for the year (+€38,010) and Current investments (+€35,121)
- Other debts -€75,038
down €75,038 (-90.3%), from €83,077 to €8,040
- Reserves +€38,010
up €38,010 (+19.6%), from €194,205 to €232,215
- Tax, wage and social debts +€3,587
new in 2025: €3,587
- Financial income +€24,906
up €24,906 (+4909.6%), from €507 to €25,413
- Financial charges +€9,013
up €9,013 (+111.4%), from €8,090 to €17,103
- Gross operating margin -€6,104
down €6,104 (-9.4%), from €64,916 to €58,812
- Depreciation +€1,870
up €1,870 (+23.0%), from €8,142 to €10,012
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 | €289,764 | €256,323 | -€33,441 | -11.5% |
| Fixed assets | 21/28 | €22,510 | €20,383 | -€2,127 | -9.4% |
| Tangible fixed assets | 22/27 | €22,510 | €20,383 | -€2,127 | -9.4% |
| Furniture and vehicles | 24 | €17,480 | €16,120 | -€1,360 | -7.8% |
| Other tangible fixed assets | 26 | €5,030 | €4,263 | -€767 | -15.3% |
| Current assets | 29/58 | €267,253 | €235,940 | -€31,314 | -11.7% |
| Amounts receivable within one year | 40/41 | €4,568 | €2,601 | -€1,967 | -43.1% |
| Other amounts receivable | 41 | €4,568 | €2,601 | -€1,967 | -43.1% |
| Current investments | 50/53 | €259,980 | €224,859 | -€35,121 | -13.5% |
| Cash at bank and in hand | 54/58 | €1,435 | €7,325 | +€5,889 | +410.3% |
| Deferred charges and accrued income | 490/1 | €1,270 | €1,156 | -€115 | -9.0% |
| Total equity and liabilities | 10/49 | €289,764 | €256,323 | -€33,441 | -11.5% |
| Equity | 10/15 | €196,205 | €234,215 | +€38,010 | +19.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Outside capital | 11 | €2,000 | €2,000 | = | 0.0% |
| Other | 1109/19 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €194,205 | €232,215 | +€38,010 | +19.6% |
| Distributable reserves | 133 | €194,205 | €232,215 | +€38,010 | +19.6% |
| Amounts payable | 17/49 | €93,559 | €22,108 | -€71,450 | -76.4% |
| Amounts payable within one year | 42/48 | €83,077 | €11,627 | -€71,450 | -86.0% |
| Taxes, remuneration and social security | 45 | - | €3,587 | +€3,587 | |
| Taxes | 450/3 | - | €3,587 | +€3,587 | |
| Other amounts payable | 47/48 | €83,077 | €8,040 | -€75,038 | -90.3% |
| Accrued charges and deferred income | 492/3 | €10,481 | €10,481 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,142 | €10,012 | +€1,870 | +23.0% |
| Other operating charges | 640/8 | €1,033 | €1,213 | +€180 | +17.4% |
| Gross operating margin | 9900 | €64,916 | €58,812 | -€6,104 | -9.4% |
| Operating profit (loss) | 9901 | €55,741 | €47,587 | -€8,154 | -14.6% |
| Financial income | 75/76B | €507 | €25,413 | +€24,906 | +4909.6% |
| Recurring financial income | 75 | €507 | €25,413 | +€24,906 | +4909.6% |
| Financial charges | 65/66B | €8,090 | €17,103 | +€9,013 | +111.4% |
| Recurring financial charges | 65 | €8,090 | €17,103 | +€9,013 | +111.4% |
| Profit (loss) for the period before taxes | 9903 | €48,159 | €55,897 | +€7,738 | +16.1% |
| Income taxes | 67/77 | €17,551 | €17,887 | +€336 | +1.9% |
| Profit (loss) for the period | 9904 | €30,608 | €38,010 | +€7,402 | +24.2% |
| Profit (loss) for the period to be appropriated | 9905 | €30,608 | €38,010 | +€7,402 | +24.2% |
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 3 October 2026 via checked.be.