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
- Stocks and contracts +€17,575
up €17,575 (+45.1%), from €39,001 to €56,576
- Receivables within one year +€2,808
up €2,808 (+110%), from €2,544 to €5,352
of which Other amounts receivable: +€2,808
- Cash +€1,871
up €1,871 (+53.1%), from €3,525 to €5,396
mainly Net result for the year (+€16,539) and Tax, wage and social debts (+€6,256)
- Profit (loss) carried forward +€16,539
up €16,539 (+1,832%), from €903 to €17,442
- Tax, wage and social debts +€6,256
up €6,256 (+975%), from €641 to €6,897
- Contributions +€5,000
up €5,000 (+26.9%), from €18,600 to €23,600
- Other debts -€4,139
down €4,139 (-17.3%), from €23,991 to €19,852
- Trade debts -€1,981
down €1,981 (-96.4%), from €2,056 to €75
- Gross operating margin +€29,970
up €29,970 (+151%), from €19,818 to €49,788
- Staff costs +€8,458
up €8,458 (+47.0%), from €17,979 to €26,437
- Taxes +€5,866
up €5,866 (+1,785%), from €329 to €6,195
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.
Derived cash bridge
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 | €54,268 | €76,035 | +€21,767 | +40.1% |
| Fixed assets | 21/28 | €8,850 | €8,350 | -€500 | -5.6% |
| Intangible fixed assets | 21 | €4,500 | €4,000 | -€500 | -11.1% |
| Financial fixed assets | 28 | €4,350 | €4,350 | = | 0.0% |
| Current assets | 29/58 | €45,418 | €67,685 | +€22,267 | +49.0% |
| Stocks and contracts in progress | 3 | €39,001 | €56,576 | +€17,575 | +45.1% |
| Stocks | 30/36 | €39,001 | €56,576 | +€17,575 | +45.1% |
| Amounts receivable within one year | 40/41 | €2,544 | €5,352 | +€2,808 | +110% |
| Trade receivables | 40 | €1,500 | €1,500 | = | 0.0% |
| Other amounts receivable | 41 | €1,044 | €3,852 | +€2,808 | +269% |
| Cash at bank and in hand | 54/58 | €3,525 | €5,396 | +€1,871 | +53.1% |
| Deferred charges and accrued income | 490/1 | €349 | €362 | +€13 | +3.6% |
| Total equity and liabilities | 10/49 | €54,268 | €76,035 | +€21,767 | +40.1% |
| Equity | 10/15 | €27,580 | €49,118 | +€21,539 | +78.1% |
| Contributions | 10/11 | €18,600 | €23,600 | +€5,000 | +26.9% |
| Reserves | 13 | €8,077 | €8,077 | = | 0.0% |
| Distributable reserves | 133 | €8,077 | €8,077 | = | 0.0% |
| Profit (loss) carried forward | 14 | €903 | €17,442 | +€16,539 | +1,832% |
| Amounts payable | 17/49 | €26,689 | €26,917 | +€228 | +0.9% |
| Amounts payable within one year | 42/48 | €26,689 | €26,824 | +€136 | +0.5% |
| Trade debts | 44 | €2,056 | €75 | -€1,981 | -96.4% |
| Suppliers | 440/4 | €2,056 | €75 | -€1,981 | -96.4% |
| Taxes, remuneration and social security | 45 | €641 | €6,897 | +€6,256 | +975% |
| Taxes | 450/3 | €641 | €6,897 | +€6,256 | +975% |
| Other amounts payable | 47/48 | €23,991 | €19,852 | -€4,139 | -17.3% |
| Accrued charges and deferred income | 492/3 | - | €93 | +€93 | |
| Remuneration, social security and pensions | 62 | €17,979 | €26,437 | +€8,458 | +47.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €500 | €500 | = | 0.0% |
| Other operating charges | 640/8 | €109 | €118 | +€9 | +8.3% |
| Gross operating margin | 9900 | €19,818 | €49,788 | +€29,970 | +151% |
| Operating profit (loss) | 9901 | €1,230 | €22,734 | +€21,503 | +1,748% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Profit (loss) for the period before taxes | 9903 | €1,232 | €22,734 | +€21,502 | +1,746% |
| Income taxes | 67/77 | €329 | €6,195 | +€5,866 | +1,785% |
| Profit (loss) for the period | 9904 | €903 | €16,539 | +€15,636 | +1,732% |
| Profit (loss) for the period to be appropriated | 9905 | €903 | €16,539 | +€15,636 | +1,732% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.