TRUST: 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.
TRUST
Largest movements
- Receivables within one year +€78,391
up €78,391 (+92.4%), from €84,797 to €163,188
of which Trade receivables: +€79,138
- Reserves +€42,000
up €42,000 (+110.5%), from €38,000 to €80,000
- Tax, wage and social debts +€19,030
up €19,030 (+100.5%), from €18,926 to €37,956
- Accrued charges and deferred income +€10,673
up €10,673 (+45.9%), from €23,245 to €33,918
- Trade debts +€6,355
up €6,355 (+856.3%), from €742 to €7,097
- Turnover +€200,456
up €200,456 (+69.9%), from €286,695 to €487,151
- Purchases and services +€153,392
up €153,392 (+75.6%), from €202,776 to €356,168
- Gross operating margin +€47,064
up €47,064 (+56.1%), from €83,919 to €130,984
- Staff costs +€34,804
up €34,804 (+141.8%), from €24,550 to €59,354
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €86,085 | €165,048 | +€78,963 | +91.7% |
| Fixed assets | 21/28 | - | €895 | +€895 | |
| Tangible fixed assets | 22/27 | - | €895 | +€895 | |
| Plant, machinery and equipment | 23 | - | €895 | +€895 | |
| Current assets | 29/58 | €86,085 | €164,153 | +€78,068 | +90.7% |
| Amounts receivable within one year | 40/41 | €84,797 | €163,188 | +€78,391 | +92.4% |
| Trade receivables | 40 | €54,727 | €133,865 | +€79,138 | +144.6% |
| Other amounts receivable | 41 | €30,070 | €29,323 | -€747 | -2.5% |
| Cash at bank and in hand | 54/58 | €1,288 | €965 | -€323 | -25.1% |
| Total equity and liabilities | 10/49 | €86,085 | €165,048 | +€78,963 | +91.7% |
| Equity | 10/15 | €43,172 | €86,077 | +€42,905 | +99.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Outside capital | 11 | €5,000 | - | -€5,000 | |
| Other | 1109/19 | €5,000 | - | -€5,000 | |
| Reserves | 13 | €38,000 | €80,000 | +€42,000 | +110.5% |
| Distributable reserves | 133 | €38,000 | €80,000 | +€42,000 | +110.5% |
| Profit (loss) carried forward | 14 | €172 | €1,077 | +€905 | +527.7% |
| Amounts payable | 17/49 | €42,913 | €78,971 | +€36,058 | +84.0% |
| Amounts payable within one year | 42/48 | €19,668 | €45,053 | +€25,385 | +129.1% |
| Trade debts | 44 | €742 | €7,097 | +€6,355 | +856.3% |
| Suppliers | 440/4 | €742 | €7,097 | +€6,355 | +856.3% |
| Taxes, remuneration and social security | 45 | €18,926 | €37,956 | +€19,030 | +100.5% |
| Taxes | 450/3 | €18,926 | €37,956 | +€19,030 | +100.5% |
| Accrued charges and deferred income | 492/3 | €23,245 | €33,918 | +€10,673 | +45.9% |
| Turnover | 70 | €286,695 | €487,151 | +€200,456 | +69.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €202,776 | €356,168 | +€153,392 | +75.6% |
| Remuneration, social security and pensions | 62 | €24,550 | €59,354 | +€34,804 | +141.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €344 | +€344 | |
| Other operating charges | 640/8 | €2,425 | €6,178 | +€3,753 | +154.8% |
| Gross operating margin | 9900 | €83,919 | €130,984 | +€47,064 | +56.1% |
| Operating profit (loss) | 9901 | €56,944 | €65,108 | +€8,163 | +14.3% |
| Financial charges | 65/66B | €184 | €147 | -€37 | -20.0% |
| Recurring financial charges | 65 | €184 | €147 | -€37 | -20.0% |
| Profit (loss) for the period before taxes | 9903 | €56,760 | €64,960 | +€8,200 | +14.4% |
| Income taxes | 67/77 | €18,589 | €22,055 | +€3,467 | +18.6% |
| Profit (loss) for the period | 9904 | €38,172 | €42,905 | +€4,734 | +12.4% |
| Profit (loss) for the period to be appropriated | 9905 | €38,172 | €42,905 | +€4,734 | +12.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.