Trullemans: 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.
Trullemans
Largest movements
- Cash +€35,937
up €35,937 (+34.4%), from €104,344 to €140,282
mainly Net result for the year (+€44,652) and Depreciation (+€24,174)
- Tangible fixed assets -€3,621
down €3,621 (-2.4%), from €148,098 to €144,477
of which Furniture and vehicles: -€9,373
- Reserves +€44,600
up €44,600 (+52.2%), from €85,500 to €130,100
of which Distributable reserves: +€44,600
- Other debts -€18,316
down €18,316 (-17.2%), from €106,580 to €88,264
- Tax, wage and social debts +€6,216
up €6,216 (+186.1%), from €3,341 to €9,557
- Gross operating margin +€12,922
up €12,922 (+14.5%), from €89,300 to €102,222
- Depreciation -€10,801
down €10,801 (-30.9%), from €34,974 to €24,174
- Financial charges +€6,134
up €6,134 (+632.5%), from €970 to €7,104
- Taxes +€5,696
up €5,696 (+32.4%), from €17,605 to €23,300
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 | €265,397 | €295,715 | +€30,318 | +11.4% |
| Fixed assets | 21/28 | €148,229 | €144,608 | -€3,621 | -2.4% |
| Tangible fixed assets | 22/27 | €148,098 | €144,477 | -€3,621 | -2.4% |
| Land and buildings | 22 | €72,014 | €65,253 | -€6,761 | -9.4% |
| Plant, machinery and equipment | 23 | €0 | €3,030 | +€3,030 | |
| Furniture and vehicles | 24 | €34,687 | €25,314 | -€9,373 | -27.0% |
| Other tangible fixed assets | 26 | €41,398 | €50,881 | +€9,483 | +22.9% |
| Financial fixed assets | 28 | €131 | €131 | = | 0.0% |
| Current assets | 29/58 | €117,167 | €151,107 | +€33,939 | +29.0% |
| Stocks and contracts in progress | 3 | €2,794 | €2,794 | = | 0.0% |
| Stocks | 30/36 | €2,794 | €2,794 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €7,945 | €6,845 | -€1,099 | -13.8% |
| Trade receivables | 40 | €1,705 | €0 | -€1,705 | -100.0% |
| Other amounts receivable | 41 | €6,239 | €6,845 | +€606 | +9.7% |
| Cash at bank and in hand | 54/58 | €104,344 | €140,282 | +€35,937 | +34.4% |
| Deferred charges and accrued income | 490/1 | €2,084 | €1,185 | -€898 | -43.1% |
| Total equity and liabilities | 10/49 | €265,397 | €295,715 | +€30,318 | +11.4% |
| Equity | 10/15 | €148,463 | €193,115 | +€44,652 | +30.1% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €85,500 | €130,100 | +€44,600 | +52.2% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €79,300 | €123,900 | +€44,600 | +56.2% |
| Profit (loss) carried forward | 14 | €990 | €1,042 | +€52 | +5.3% |
| Amounts payable | 17/49 | €116,934 | €102,599 | -€14,334 | -12.3% |
| Amounts payable within one year | 42/48 | €116,934 | €102,599 | -€14,334 | -12.3% |
| Trade debts | 44 | €7,013 | €4,778 | -€2,234 | -31.9% |
| Suppliers | 440/4 | €7,013 | €4,778 | -€2,234 | -31.9% |
| Taxes, remuneration and social security | 45 | €3,341 | €9,557 | +€6,216 | +186.1% |
| Taxes | 450/3 | €3,341 | €9,557 | +€6,216 | +186.1% |
| Other amounts payable | 47/48 | €106,580 | €88,264 | -€18,316 | -17.2% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,974 | €24,174 | -€10,801 | -30.9% |
| Other operating charges | 640/8 | €2,846 | €2,991 | +€145 | +5.1% |
| Gross operating margin | 9900 | €89,300 | €102,222 | +€12,922 | +14.5% |
| Operating profit (loss) | 9901 | €51,479 | €75,057 | +€23,578 | +45.8% |
| Financial charges | 65/66B | €970 | €7,104 | +€6,134 | +632.5% |
| Recurring financial charges | 65 | €970 | €7,104 | +€6,134 | +632.5% |
| Profit (loss) for the period before taxes | 9903 | €50,509 | €67,953 | +€17,443 | +34.5% |
| Income taxes | 67/77 | €17,605 | €23,300 | +€5,696 | +32.4% |
| Profit (loss) for the period | 9904 | €32,905 | €44,652 | +€11,748 | +35.7% |
| Profit (loss) for the period to be appropriated | 9905 | €32,905 | €44,652 | +€11,748 | +35.7% |
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 12 October 2026 via checked.be.