TRUST CONSULTING: 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 CONSULTING
Largest movements
- Receivables within one year +€180,080
up €180,080 (+206%), from €87,245 to €267,325
of which Trade receivables: +€210,940
- Stocks and contracts -€63,841
down €63,841 (-25.3%), from €252,743 to €188,902
- Cash +€18,834
up €18,834 (+2.9%), from €642,709 to €661,542
mainly Net result for the year (+€221,232) and Stocks and contracts (+€63,841)
- Profit (loss) carried forward +€221,232
up €221,232 (+102%), from €216,651 to €437,883
- Trade debts -€128,343
down €128,343 (-20.1%), from €637,738 to €509,395
- Tax, wage and social debts +€35,963
up €35,963 (+83.1%), from €43,260 to €79,223
- Gross operating margin +€163,319
up €163,319 (+115%), from €142,420 to €305,740
- Taxes +€34,130
up €34,130 (+73.8%), from €46,259 to €80,389
- Financial charges -€8,553
down €8,553 (-84.3%), from €10,143 to €1,591
of which Non-recurring financial charges: -€8,828
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 | €990,751 | €1,119,384 | +€128,634 | +13.0% |
| Fixed assets | 21/28 | €6,777 | - | -€6,777 | |
| Tangible fixed assets | 22/27 | €6,777 | - | -€6,777 | |
| Furniture and vehicles | 24 | €6,777 | - | -€6,777 | |
| Current assets | 29/58 | €983,974 | €1,119,384 | +€135,411 | +13.8% |
| Stocks and contracts in progress | 3 | €252,743 | €188,902 | -€63,841 | -25.3% |
| Stocks | 30/36 | €252,743 | €188,902 | -€63,841 | -25.3% |
| Amounts receivable within one year | 40/41 | €87,245 | €267,325 | +€180,080 | +206% |
| Trade receivables | 40 | €46,129 | €257,069 | +€210,940 | +457% |
| Other amounts receivable | 41 | €41,116 | €10,257 | -€30,860 | -75.1% |
| Cash at bank and in hand | 54/58 | €642,709 | €661,542 | +€18,834 | +2.9% |
| Deferred charges and accrued income | 490/1 | €1,277 | €1,615 | +€338 | +26.5% |
| Total equity and liabilities | 10/49 | €990,751 | €1,119,384 | +€128,634 | +13.0% |
| Equity | 10/15 | €305,443 | €526,675 | +€221,232 | +72.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | - | -€6,200 | |
| Other | 1109/19 | €6,200 | - | -€6,200 | |
| Reserves | 13 | €82,592 | €82,592 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €80,732 | €80,732 | = | 0.0% |
| Profit (loss) carried forward | 14 | €216,651 | €437,883 | +€221,232 | +102% |
| Amounts payable | 17/49 | €685,308 | €592,710 | -€92,598 | -13.5% |
| Amounts payable after more than one year | 17 | €4,092 | €4,092 | = | 0.0% |
| Financial debts | 170/4 | €4,092 | €4,092 | = | 0.0% |
| Amounts payable within one year | 42/48 | €680,998 | €588,618 | -€92,380 | -13.6% |
| Trade debts | 44 | €637,738 | €509,395 | -€128,343 | -20.1% |
| Suppliers | 440/4 | €637,738 | €509,395 | -€128,343 | -20.1% |
| Taxes, remuneration and social security | 45 | €43,260 | €79,223 | +€35,963 | +83.1% |
| Taxes | 450/3 | €43,260 | €79,223 | +€35,963 | +83.1% |
| Accrued charges and deferred income | 492/3 | €219 | - | -€219 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €223 | - | -€223 | |
| Other operating charges | 640/8 | €5,063 | €2,528 | -€2,535 | -50.1% |
| Gross operating margin | 9900 | €142,420 | €305,740 | +€163,319 | +115% |
| Operating profit (loss) | 9901 | €137,134 | €303,212 | +€166,078 | +121% |
| Financial income | 75/76B | €0 | €0 | -€0 | -87.5% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -87.5% |
| Financial charges | 65/66B | €10,143 | €1,591 | -€8,553 | -84.3% |
| Recurring financial charges | 65 | €737 | €1,012 | +€275 | +37.4% |
| Non-recurring financial charges | 66B | €9,407 | €579 | -€8,828 | -93.8% |
| Profit (loss) for the period before taxes | 9903 | €126,991 | €301,621 | +€174,630 | +138% |
| Income taxes | 67/77 | €46,259 | €80,389 | +€34,130 | +73.8% |
| Profit (loss) for the period | 9904 | €80,732 | €221,232 | +€140,500 | +174% |
| Profit (loss) for the period to be appropriated | 9905 | €80,732 | €221,232 | +€140,500 | +174% |
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 22 October 2026 via checked.be.