TRUNCUS PARTNERS: 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.
TRUNCUS PARTNERS
Largest movements
- Deferred charges and accrued income +€56,344
up €56,344 (+157%), from €35,847 to €92,191
- Receivables within one year -€56,280
down €56,280 (-97.4%), from €57,756 to €1,475
of which Trade receivables: -€57,756
- Financial fixed assets +€25,051
up €25,051 (+36.4%), from €68,839 to €93,890
- Cash +€5,574
up €5,574 (+250%), from €2,228 to €7,802
mainly Receivables within one year (+€56,280) and Accrued charges and deferred income (+€52,912)
- Accrued charges and deferred income +€52,912
up €52,912 (+152%), from €34,779 to €87,691
- Trade debts -€48,883
down €48,883 (-100%), from €48,883 to €0
- Contributions +€26,000
up €26,000 (+41.6%), from €62,500 to €88,500
- Reserves +€3,074
up €3,074 (+19.1%), from €16,093 to €19,167
- Tax, wage and social debts -€2,415
down €2,415 (-100%), from €2,415 to €0
- Gross operating margin -€5,874
down €5,874 (-54.8%), from €10,710 to €4,837
- Taxes -€1,390
down €1,390 (-57.6%), from €2,415 to €1,025
- Other operating charges -€315
down €315 (-31.3%), from €1,008 to €693
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.
Derived cash bridge
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 | €164,669 | €195,358 | +€30,689 | +18.6% |
| Fixed assets | 21/28 | €68,839 | €93,890 | +€25,051 | +36.4% |
| Financial fixed assets | 28 | €68,839 | €93,890 | +€25,051 | +36.4% |
| Current assets | 29/58 | €95,831 | €101,468 | +€5,638 | +5.9% |
| Amounts receivable within one year | 40/41 | €57,756 | €1,475 | -€56,280 | -97.4% |
| Trade receivables | 40 | €57,756 | €0 | -€57,756 | -100% |
| Other amounts receivable | 41 | - | €1,475 | +€1,475 | |
| Cash at bank and in hand | 54/58 | €2,228 | €7,802 | +€5,574 | +250% |
| Deferred charges and accrued income | 490/1 | €35,847 | €92,191 | +€56,344 | +157% |
| Total equity and liabilities | 10/49 | €164,669 | €195,358 | +€30,689 | +18.6% |
| Equity | 10/15 | €78,593 | €107,667 | +€29,074 | +37.0% |
| Contributions | 10/11 | €62,500 | €88,500 | +€26,000 | +41.6% |
| Reserves | 13 | €16,093 | €19,167 | +€3,074 | +19.1% |
| Distributable reserves | 133 | €16,093 | €19,167 | +€3,074 | +19.1% |
| Amounts payable | 17/49 | €86,076 | €87,691 | +€1,614 | +1.9% |
| Amounts payable within one year | 42/48 | €51,298 | €0 | -€51,298 | -100% |
| Trade debts | 44 | €48,883 | €0 | -€48,883 | -100% |
| Suppliers | 440/4 | €48,883 | €0 | -€48,883 | -100% |
| Taxes, remuneration and social security | 45 | €2,415 | €0 | -€2,415 | -100% |
| Taxes | 450/3 | €2,415 | €0 | -€2,415 | -100% |
| Accrued charges and deferred income | 492/3 | €34,779 | €87,691 | +€52,912 | +152% |
| Other operating charges | 640/8 | €1,008 | €693 | -€315 | -31.3% |
| Gross operating margin | 9900 | €10,710 | €4,837 | -€5,874 | -54.8% |
| Operating profit (loss) | 9901 | €9,703 | €4,144 | -€5,559 | -57.3% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €44 | €45 | +€2 | +3.4% |
| Recurring financial charges | 65 | €44 | €45 | +€2 | +3.4% |
| Profit (loss) for the period before taxes | 9903 | €9,659 | €4,099 | -€5,560 | -57.6% |
| Income taxes | 67/77 | €2,415 | €1,025 | -€1,390 | -57.6% |
| Profit (loss) for the period | 9904 | €7,244 | €3,074 | -€4,170 | -57.6% |
| Profit (loss) for the period to be appropriated | 9905 | €7,244 | €3,074 | -€4,170 | -57.6% |
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 17 October 2026 via checked.be.