Trust Based: 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 Based
Largest movements
- Cash +€5,875
up €5,875 (+13.5%), from €43,539 to €49,414
mainly Advances received (+€9,079) and Net result for the year (+€5,359)
- Deferred charges and accrued income -€4,369
down €4,369 (-50.4%), from €8,673 to €4,304
- Receivables within one year +€2,257
up €2,257 (+1.8%), from €125,914 to €128,171
of which Trade receivables: +€2,257
- Other debts -€10,193
down €10,193 (-41.3%), from €24,708 to €14,516
- Advances received +€9,079
up €9,079 (+7.4%), from €122,392 to €131,471
- Profit (loss) carried forward +€5,359
up €5,359 (+48.8%), from €10,978 to €16,336
- Gross operating margin -€16,740
down €16,740 (-57.4%), from €29,180 to €12,439
- Taxes -€2,535
down €2,535 (-47.6%), from €5,324 to €2,790
- Depreciation -€1,343
down €1,343 (-45.3%), from €2,967 to €1,624
- Financial charges -€610
down €610 (-27.3%), from €2,238 to €1,627
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.
Cash bridge derived
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 | €180,946 | €185,084 | +€4,139 | +2.3% |
| Fixed assets | 21/28 | €2,820 | €3,195 | +€376 | +13.3% |
| Tangible fixed assets | 22/27 | €2,820 | €3,195 | +€376 | +13.3% |
| Land and buildings | 22 | €459 | €375 | -€84 | -18.3% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €2,361 | €820 | -€1,540 | -65.2% |
| Other tangible fixed assets | 26 | - | €2,000 | +€2,000 | |
| Current assets | 29/58 | €178,126 | €181,889 | +€3,763 | +2.1% |
| Amounts receivable within one year | 40/41 | €125,914 | €128,171 | +€2,257 | +1.8% |
| Trade receivables | 40 | €125,654 | €127,911 | +€2,257 | +1.8% |
| Other amounts receivable | 41 | €261 | €261 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €43,539 | €49,414 | +€5,875 | +13.5% |
| Deferred charges and accrued income | 490/1 | €8,673 | €4,304 | -€4,369 | -50.4% |
| Total equity and liabilities | 10/49 | €180,946 | €185,084 | +€4,139 | +2.3% |
| Equity | 10/15 | €15,978 | €21,336 | +€5,359 | +33.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Capital | 10 | €5,000 | €5,000 | = | 0.0% |
| Issued capital | 100 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,978 | €16,336 | +€5,359 | +48.8% |
| Amounts payable | 17/49 | €164,968 | €163,748 | -€1,220 | -0.7% |
| Amounts payable within one year | 42/48 | €164,968 | €163,748 | -€1,220 | -0.7% |
| Trade debts | 44 | €3,833 | €5,032 | +€1,199 | +31.3% |
| Suppliers | 440/4 | €3,833 | €5,032 | +€1,199 | +31.3% |
| Advances received on contracts in progress | 46 | €122,392 | €131,471 | +€9,079 | +7.4% |
| Taxes, remuneration and social security | 45 | €14,034 | €12,729 | -€1,305 | -9.3% |
| Taxes | 450/3 | €9,952 | €7,259 | -€2,694 | -27.1% |
| Remuneration and social security | 454/9 | €4,082 | €5,470 | +€1,389 | +34.0% |
| Other amounts payable | 47/48 | €24,708 | €14,516 | -€10,193 | -41.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,967 | €1,624 | -€1,343 | -45.3% |
| Other operating charges | 640/8 | €968 | €1,039 | +€71 | +7.4% |
| Gross operating margin | 9900 | €29,180 | €12,439 | -€16,740 | -57.4% |
| Operating profit (loss) | 9901 | €25,244 | €9,776 | -€15,469 | -61.3% |
| Financial charges | 65/66B | €2,238 | €1,627 | -€610 | -27.3% |
| Recurring financial charges | 65 | €2,238 | €1,627 | -€610 | -27.3% |
| Profit (loss) for the period before taxes | 9903 | €23,007 | €8,148 | -€14,858 | -64.6% |
| Income taxes | 67/77 | €5,324 | €2,790 | -€2,535 | -47.6% |
| Profit (loss) for the period | 9904 | €17,682 | €5,359 | -€12,324 | -69.7% |
| Profit (loss) for the period to be appropriated | 9905 | €17,682 | €5,359 | -€12,324 | -69.7% |
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 10 October 2026 via checked.be.