TRUST: 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.
TRUST
Largest movements
- Tangible fixed assets -€8,124
down €8,124 (-1.2%), from €674,652 to €666,528
of which Land and buildings: -€7,356
- Debts after one year +€10,000
up €10,000 (+5.3%), from €190,000 to €200,000
- Gross operating margin -€3,781
down €3,781 (-13.4%), from €28,207 to €24,426
- Taxes -€2,933
down €2,933 (-52.4%), from €5,599 to €2,666
- Financial charges +€1,720
up €1,720 (+19.3%), from €8,898 to €10,618
- Depreciation -€342
down €342 (-4.0%), from €8,466 to €8,124
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 | €678,970 | €676,134 | -€2,836 | -0.4% |
| Fixed assets | 21/28 | €674,652 | €666,528 | -€8,124 | -1.2% |
| Tangible fixed assets | 22/27 | €674,652 | €666,528 | -€8,124 | -1.2% |
| Land and buildings | 22 | €667,553 | €660,197 | -€7,356 | -1.1% |
| Furniture and vehicles | 24 | €7,099 | €6,331 | -€768 | -10.8% |
| Current assets | 29/58 | €4,318 | €9,606 | +€5,288 | +122% |
| Amounts receivable within one year | 40/41 | €1,047 | €2,482 | +€1,435 | +137% |
| Trade receivables | 40 | €1,047 | €2,082 | +€1,035 | +98.9% |
| Other amounts receivable | 41 | - | €400 | +€400 | |
| Cash at bank and in hand | 54/58 | €3,271 | €7,124 | +€3,853 | +118% |
| Total equity and liabilities | 10/49 | €678,970 | €676,134 | -€2,836 | -0.4% |
| Equity | 10/15 | €416,906 | €411,761 | -€5,145 | -1.2% |
| Contributions | 10/11 | €124,000 | €124,000 | = | 0.0% |
| Reserves | 13 | €292,906 | €287,761 | -€5,145 | -1.8% |
| Tax-exempt reserves | 132 | €150,860 | €145,715 | -€5,145 | -3.4% |
| Distributable reserves | 133 | €142,046 | €142,046 | = | 0.0% |
| Provisions and deferred taxes | 16 | €50,287 | €48,572 | -€1,715 | -3.4% |
| Deferred taxes | 168 | €50,287 | €48,572 | -€1,715 | -3.4% |
| Amounts payable | 17/49 | €211,777 | €215,801 | +€4,024 | +1.9% |
| Amounts payable after more than one year | 17 | €190,000 | €200,000 | +€10,000 | +5.3% |
| Financial debts | 170/4 | €190,000 | €200,000 | +€10,000 | +5.3% |
| Amounts payable within one year | 42/48 | €21,777 | €15,801 | -€5,976 | -27.4% |
| Taxes, remuneration and social security | 45 | €12,342 | €7,427 | -€4,915 | -39.8% |
| Taxes | 450/3 | €12,342 | €7,427 | -€4,915 | -39.8% |
| Other amounts payable | 47/48 | €9,435 | €8,374 | -€1,061 | -11.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,466 | €8,124 | -€342 | -4.0% |
| Other operating charges | 640/8 | €225 | €230 | +€5 | +2.2% |
| Gross operating margin | 9900 | €28,207 | €24,426 | -€3,781 | -13.4% |
| Operating profit (loss) | 9901 | €19,516 | €16,072 | -€3,444 | -17.6% |
| Financial income | 75/76B | €3 | €5 | +€2 | +66.7% |
| Recurring financial income | 75 | €3 | €5 | +€2 | +66.7% |
| Financial charges | 65/66B | €8,898 | €10,618 | +€1,720 | +19.3% |
| Recurring financial charges | 65 | €8,898 | €10,618 | +€1,720 | +19.3% |
| Profit (loss) for the period before taxes | 9903 | €10,621 | €5,459 | -€5,162 | -48.6% |
| Transfer from deferred taxes | 780 | €1,715 | €1,715 | = | 0.0% |
| Income taxes | 67/77 | €5,599 | €2,666 | -€2,933 | -52.4% |
| Profit (loss) for the period | 9904 | €6,737 | €4,508 | -€2,229 | -33.1% |
| Transfer from tax-exempt reserves | 789 | €5,146 | €5,145 | -€1 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €11,883 | €9,653 | -€2,230 | -18.8% |
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 18 October 2026 via checked.be.