TRUNCUS I: 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.
TRUNCUS I
Largest movements
- Financial fixed assets +€3.5m
up €3.5m (+30.1%), from €11.7m to €15.2m
- Receivables within one year +€1.8m
up €1.8m (+423.5%), from €418,877 to €2.2m
- Current investments -€1.6m
down €1.6m (-100.0%), from €1.6m to €0
- Cash +€1.2m
up €1.2m (+5242.9%), from €22,337 to €1.2m
mainly Contributions, distributions and other (+€5.5m) and Current investments (+€1.6m)
- Contributions +€5.5m
up €5.5m (+35.9%), from €15.4m to €20.9m
- Profit (loss) carried forward -€618,657
down €618,657 (-34.9%), from -€1.8m to -€2.4m
- Financial income -€444,970
down €444,970 (-92.0%), from €483,482 to €38,513
of which Non-recurring financial income: -€396,712
- Gross operating margin -€201,913
down €201,913 (-82.0%), from -€246,227 to -€448,140
- Financial charges -€79,148
down €79,148 (-27.6%), from €286,885 to €207,737
of which Non-recurring financial charges: -€97,880
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 | €13,660,722 | €18,569,136 | +€4.9m | +35.9% |
| Fixed assets | 21/28 | €11,669,508 | €15,182,819 | +€3.5m | +30.1% |
| Financial fixed assets | 28 | €11,669,508 | €15,182,819 | +€3.5m | +30.1% |
| Current assets | 29/58 | €1,991,214 | €3,386,317 | +€1.4m | +70.1% |
| Amounts receivable within one year | 40/41 | €418,877 | €2,192,861 | +€1.8m | +423.5% |
| Other amounts receivable | 41 | €418,877 | €2,192,861 | +€1.8m | +423.5% |
| Current investments | 50/53 | €1,550,000 | €0 | -€1.6m | -100.0% |
| Cash at bank and in hand | 54/58 | €22,337 | €1,193,456 | +€1.2m | +5242.9% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €13,660,722 | €18,569,136 | +€4.9m | +35.9% |
| Equity | 10/15 | €13,585,380 | €18,476,723 | +€4.9m | +36.0% |
| Contributions | 10/11 | €15,359,202 | €20,869,202 | +€5.5m | +35.9% |
| Profit (loss) carried forward | 14 | -€1,773,822 | -€2,392,479 | -€618,657 | -34.9% |
| Amounts payable | 17/49 | €75,342 | €92,413 | +€17,071 | +22.7% |
| Amounts payable within one year | 42/48 | €60,585 | €87,734 | +€27,149 | +44.8% |
| Trade debts | 44 | €60,585 | €60,234 | -€351 | -0.6% |
| Suppliers | 440/4 | €60,585 | €60,234 | -€351 | -0.6% |
| Other amounts payable | 47/48 | - | €27,500 | +€27,500 | |
| Accrued charges and deferred income | 492/3 | €14,757 | €4,679 | -€10,079 | -68.3% |
| Other operating charges | 640/8 | €1,108 | €1,292 | +€183 | +16.6% |
| Gross operating margin | 9900 | -€246,227 | -€448,140 | -€201,913 | -82.0% |
| Operating profit (loss) | 9901 | -€247,335 | -€449,432 | -€202,097 | -81.7% |
| Financial income | 75/76B | €483,482 | €38,513 | -€444,970 | -92.0% |
| Recurring financial income | 75 | €55,701 | €7,443 | -€48,258 | -86.6% |
| Non-recurring financial income | 76B | €427,781 | €31,069 | -€396,712 | -92.7% |
| Financial charges | 65/66B | €286,885 | €207,737 | -€79,148 | -27.6% |
| Recurring financial charges | 65 | €13,022 | €31,754 | +€18,732 | +143.8% |
| Non-recurring financial charges | 66B | €273,863 | €175,983 | -€97,880 | -35.7% |
| Profit (loss) for the period before taxes | 9903 | -€50,738 | -€618,657 | -€567,919 | -1119.3% |
| Profit (loss) for the period | 9904 | -€50,738 | -€618,657 | -€567,919 | -1119.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€50,738 | -€618,657 | -€567,919 | -1119.3% |
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.