TRUST 1 TRANS: 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 1 TRANS
Largest movements
- Receivables within one year +€24,447
up €24,447 (+37.9%), from €64,503 to €88,950
of which Other amounts receivable: +€28,243
- Tangible fixed assets +€1,149
up €1,149 (+8.8%), from €13,035 to €14,184
of which Furniture and vehicles: +€2,711
- Profit (loss) carried forward +€27,610
up €27,610 (+878%), from €3,144 to €30,754
- Current portion of long-term debt -€6,327
down €6,327 (-69.3%), from €9,127 to €2,800
- Debts after one year -€6,037
down €6,037 (-67.0%), from €9,009 to €2,973
- Other debts +€4,648
new in 2025: €4,648
- Tax, wage and social debts +€3,471
up €3,471 (+23.6%), from €14,702 to €18,173
of which Taxes: +€4,927
- Depreciation -€25,454
down €25,454 (-78.8%), from €32,284 to €6,830
- Gross operating margin +€14,371
up €14,371 (+20.7%), from €69,455 to €83,826
- Taxes +€8,187
up €8,187 (+948%), from €863 to €9,051
- Other operating charges -€1,700
down €1,700 (-42.4%), from €4,012 to €2,312
- Staff costs +€1,679
up €1,679 (+4.4%), from €38,141 to €39,820
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 | €78,009 | €103,598 | +€25,588 | +32.8% |
| Fixed assets | 21/28 | €13,498 | €14,647 | +€1,149 | +8.5% |
| Tangible fixed assets | 22/27 | €13,035 | €14,184 | +€1,149 | +8.8% |
| Furniture and vehicles | 24 | €8,406 | €11,117 | +€2,711 | +32.3% |
| Leasing and similar rights | 25 | €1,144 | - | -€1,144 | |
| Other tangible fixed assets | 26 | €3,485 | €3,067 | -€418 | -12.0% |
| Financial fixed assets | 28 | €463 | €463 | = | 0.0% |
| Current assets | 29/58 | €64,511 | €88,950 | +€24,439 | +37.9% |
| Amounts receivable within one year | 40/41 | €64,503 | €88,950 | +€24,447 | +37.9% |
| Trade receivables | 40 | €3,796 | - | -€3,796 | |
| Other amounts receivable | 41 | €60,707 | €88,950 | +€28,243 | +46.5% |
| Cash at bank and in hand | 54/58 | €8 | - | -€8 | |
| Total equity and liabilities | 10/49 | €78,009 | €103,598 | +€25,588 | +32.8% |
| Equity | 10/15 | €21,744 | €49,354 | +€27,610 | +127% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,144 | €30,754 | +€27,610 | +878% |
| Amounts payable | 17/49 | €56,265 | €54,243 | -€2,022 | -3.6% |
| Amounts payable after more than one year | 17 | €9,009 | €2,973 | -€6,037 | -67.0% |
| Financial debts | 170/4 | €9,009 | €2,973 | -€6,037 | -67.0% |
| Amounts payable within one year | 42/48 | €47,256 | €51,271 | +€4,015 | +8.5% |
| Current portion of amounts payable after more than one year | 42 | €9,127 | €2,800 | -€6,327 | -69.3% |
| Financial debts | 43 | €4,625 | €6,807 | +€2,182 | +47.2% |
| Credit institutions | 430/8 | €4,625 | €6,807 | +€2,182 | +47.2% |
| Trade debts | 44 | €18,802 | €18,843 | +€41 | +0.2% |
| Suppliers | 440/4 | €18,802 | €18,843 | +€41 | +0.2% |
| Taxes, remuneration and social security | 45 | €14,702 | €18,173 | +€3,471 | +23.6% |
| Taxes | 450/3 | €11,365 | €16,292 | +€4,927 | +43.3% |
| Remuneration and social security | 454/9 | €3,337 | €1,881 | -€1,456 | -43.6% |
| Other amounts payable | 47/48 | - | €4,648 | +€4,648 | |
| Remuneration, social security and pensions | 62 | €38,141 | €39,820 | +€1,679 | +4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,284 | €6,830 | -€25,454 | -78.8% |
| Other operating charges | 640/8 | €4,012 | €2,312 | -€1,700 | -42.4% |
| Gross operating margin | 9900 | €69,455 | €83,826 | +€14,371 | +20.7% |
| Operating profit (loss) | 9901 | -€4,981 | €34,865 | +€39,846 | |
| Financial income | 75/76B | €3,249 | €4,055 | +€806 | +24.8% |
| Recurring financial income | 75 | €3,249 | €4,055 | +€806 | +24.8% |
| Financial charges | 65/66B | €3,566 | €2,259 | -€1,308 | -36.7% |
| Recurring financial charges | 65 | €3,566 | €2,259 | -€1,308 | -36.7% |
| Profit (loss) for the period before taxes | 9903 | -€5,299 | €36,661 | +€41,960 | |
| Income taxes | 67/77 | €863 | €9,051 | +€8,187 | +948% |
| Profit (loss) for the period | 9904 | -€6,163 | €27,610 | +€33,773 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,163 | €27,610 | +€33,773 |
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 13 October 2026 via checked.be.