TRUST 21: 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 21
Largest movements
- Receivables within one year +€21,095
up €21,095 (+51.6%), from €40,860 to €61,955
of which Trade receivables: +€22,032
- Cash +€11,197
up €11,197 (+86.4%), from €12,966 to €24,163
mainly Advances received (+€58,252) and Stocks and contracts (+€4,827)
- Stocks and contracts -€4,827
down €4,827 (-100%), from €4,827 to €0
- Tangible fixed assets +€2,645
new in 2024: €2,645
- Deferred charges and accrued income -€963
down €963 (-72.8%), from €1,322 to €359
- Advances received +€58,252
new in 2024: €58,252
- Trade debts -€24,480
down €24,480 (-55.0%), from €44,533 to €20,054
- Other debts -€3,954
down €3,954 (-27.8%), from €14,214 to €10,259
- Profit (loss) carried forward -€1,346
down €1,346 (-14.9%), from -€9,049 to -€10,396
- Purchases and services +€143,123
new in 2024: €143,123
- Turnover +€142,319
new in 2024: €142,319
- Gross operating margin +€9,981
up €9,981, from -€8,799 to €1,182
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 | €59,974 | €89,121 | +€29,147 | +48.6% |
| Fixed assets | 21/28 | - | €2,645 | +€2,645 | |
| Tangible fixed assets | 22/27 | - | €2,645 | +€2,645 | |
| Furniture and vehicles | 24 | - | €2,645 | +€2,645 | |
| Current assets | 29/58 | €59,974 | €86,477 | +€26,502 | +44.2% |
| Stocks and contracts in progress | 3 | €4,827 | €0 | -€4,827 | -100% |
| Stocks | 30/36 | €4,827 | €0 | -€4,827 | -100% |
| Amounts receivable within one year | 40/41 | €40,860 | €61,955 | +€21,095 | +51.6% |
| Trade receivables | 40 | €36,888 | €58,921 | +€22,032 | +59.7% |
| Other amounts receivable | 41 | €3,971 | €3,034 | -€937 | -23.6% |
| Cash at bank and in hand | 54/58 | €12,966 | €24,163 | +€11,197 | +86.4% |
| Deferred charges and accrued income | 490/1 | €1,322 | €359 | -€963 | -72.8% |
| Total equity and liabilities | 10/49 | €59,974 | €89,121 | +€29,147 | +48.6% |
| Equity | 10/15 | €1,226 | -€120 | -€1,346 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | - | -€6,200 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Uncalled capital | 101 | €12,400 | - | -€12,400 | |
| Reserves | 13 | €4,076 | €4,076 | = | 0.0% |
| Non-distributable reserves | 130/1 | €76 | €76 | = | 0.0% |
| Legal reserve | 130 | €76 | - | -€76 | |
| Reserves not available under the articles | 1311 | - | €76 | +€76 | |
| Tax-exempt reserves | 132 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,049 | -€10,396 | -€1,346 | -14.9% |
| Amounts payable | 17/49 | €58,748 | €89,241 | +€30,493 | +51.9% |
| Amounts payable within one year | 42/48 | €58,748 | €89,241 | +€30,493 | +51.9% |
| Financial debts | 43 | €1 | - | -€1 | |
| Credit institutions | 430/8 | €1 | - | -€1 | |
| Trade debts | 44 | €44,533 | €20,054 | -€24,480 | -55.0% |
| Suppliers | 440/4 | €44,533 | €20,054 | -€24,480 | -55.0% |
| Advances received on contracts in progress | 46 | - | €58,252 | +€58,252 | |
| Taxes, remuneration and social security | 45 | - | €676 | +€676 | |
| Taxes | 450/3 | - | €676 | +€676 | |
| Other amounts payable | 47/48 | €14,214 | €10,259 | -€3,954 | -27.8% |
| Turnover | 70 | - | €142,319 | +€142,319 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €143,123 | +€143,123 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €855 | +€855 | |
| Other operating charges | 640/8 | €609 | €1,217 | +€608 | +99.7% |
| Gross operating margin | 9900 | -€8,799 | €1,182 | +€9,981 | |
| Operating profit (loss) | 9901 | -€9,408 | -€891 | +€8,518 | +90.5% |
| Financial income | 75/76B | €0 | €1 | +€1 | +311% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +311% |
| Financial charges | 65/66B | €108 | €327 | +€219 | +203% |
| Recurring financial charges | 65 | €108 | €327 | +€219 | +203% |
| Profit (loss) for the period before taxes | 9903 | -€9,516 | -€1,217 | +€8,299 | +87.2% |
| Income taxes | 67/77 | - | €130 | +€130 | |
| Profit (loss) for the period | 9904 | -€9,516 | -€1,346 | +€8,170 | +85.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,516 | -€1,346 | +€8,170 | +85.9% |
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 19 October 2026 via checked.be.