TRUONG SINH: 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.
TRUONG SINH
Largest movements
- Cash -€20,909
down €20,909 (-85.3%), from €24,498 to €3,589
mainly Net result for the year (-€28,003) and Investment in fixed assets (net) (-€14,281)
- Tangible fixed assets +€8,228
up €8,228 (+64.3%), from €12,787 to €21,015
of which Plant, machinery and equipment: +€9,512
- Receivables within one year -€948
no longer reported in 2025 (was €948)
- Profit (loss) carried forward -€28,003
down €28,003, from €1,094 to -€26,909
- Accrued charges and deferred income +€27,131
new in 2025: €27,131
- Other debts -€11,521
no longer reported in 2025 (was €11,521)
- Trade debts -€956
no longer reported in 2025 (was €956)
- Purchases and services +€49,713
up €49,713 (+126.1%), from €39,437 to €89,149
- Gross operating margin -€29,068
down €29,068, from €7,392 to -€21,676
- Turnover +€20,645
up €20,645 (+44.1%), from €46,829 to €67,473
- Depreciation +€2,856
up €2,856 (+89.3%), from €3,197 to €6,053
- Taxes -€1,031
no longer reported in 2025 (was €1,031)
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 | €38,233 | €24,604 | -€13,629 | -35.6% |
| Fixed assets | 21/28 | €12,787 | €21,015 | +€8,228 | +64.3% |
| Tangible fixed assets | 22/27 | €12,787 | €21,015 | +€8,228 | +64.3% |
| Plant, machinery and equipment | 23 | - | €9,512 | +€9,512 | |
| Furniture and vehicles | 24 | €8,510 | €6,835 | -€1,675 | -19.7% |
| Other tangible fixed assets | 26 | €4,277 | €4,668 | +€391 | +9.1% |
| Current assets | 29/58 | €25,446 | €3,589 | -€21,857 | -85.9% |
| Amounts receivable within one year | 40/41 | €948 | - | -€948 | |
| Trade receivables | 40 | €948 | - | -€948 | |
| Cash at bank and in hand | 54/58 | €24,498 | €3,589 | -€20,909 | -85.3% |
| Total equity and liabilities | 10/49 | €38,233 | €24,604 | -€13,629 | -35.6% |
| Equity | 10/15 | €23,094 | -€4,909 | -€28,003 | |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Capital | 10 | €20,000 | €20,000 | = | 0.0% |
| Issued capital | 100 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Legal reserve | 130 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,094 | -€26,909 | -€28,003 | |
| Amounts payable | 17/49 | €15,139 | €29,513 | +€14,374 | +94.9% |
| Amounts payable within one year | 42/48 | €15,139 | €2,382 | -€12,757 | -84.3% |
| Trade debts | 44 | €956 | - | -€956 | |
| Suppliers | 440/4 | €956 | - | -€956 | |
| Taxes, remuneration and social security | 45 | €2,662 | €2,382 | -€280 | -10.5% |
| Taxes | 450/3 | €2,662 | €2,382 | -€280 | -10.5% |
| Other amounts payable | 47/48 | €11,521 | - | -€11,521 | |
| Accrued charges and deferred income | 492/3 | - | €27,131 | +€27,131 | |
| Turnover | 70 | €46,829 | €67,473 | +€20,645 | +44.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €39,437 | €89,149 | +€49,713 | +126.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,197 | €6,053 | +€2,856 | +89.3% |
| Other operating charges | 640/8 | - | €110 | +€110 | |
| Gross operating margin | 9900 | €7,392 | -€21,676 | -€29,068 | |
| Operating profit (loss) | 9901 | €4,195 | -€27,839 | -€32,034 | |
| Financial charges | 65/66B | €70 | €164 | +€94 | +135.7% |
| Recurring financial charges | 65 | €70 | €164 | +€94 | +135.7% |
| Profit (loss) for the period before taxes | 9903 | €4,125 | -€28,003 | -€32,128 | |
| Income taxes | 67/77 | €1,031 | - | -€1,031 | |
| Profit (loss) for the period | 9904 | €3,094 | -€28,003 | -€31,097 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,094 | -€28,003 | -€31,097 |
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 7 October 2026 via checked.be.