Trust in Technology: 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 in Technology
Largest movements
- Cash -€38,927
down €38,927 (-45.8%), from €85,045 to €46,118
mainly Contributions, distributions and other (-€175,400) and Tax, wage and social debts (-€22,287)
- Receivables within one year -€6,675
down €6,675 (-26.2%), from €25,464 to €18,789
of which Trade receivables: -€11,439
- Reserves -€83,308
down €83,308 (-98.1%), from €84,897 to €1,589
- Other debts +€61,430
up €61,430 (+1,083%), from €5,670 to €67,100
- Tax, wage and social debts -€22,287
down €22,287 (-99.2%), from €22,475 to €188
- Gross operating margin -€9,013
down €9,013 (-6.6%), from €136,564 to €127,551
- Taxes +€1,651
up €1,651 (+5.6%), from €29,427 to €31,078
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 | €116,494 | €72,312 | -€44,182 | -37.9% |
| Fixed assets | 21/28 | €5,465 | €6,574 | +€1,108 | +20.3% |
| Tangible fixed assets | 22/27 | €5,465 | €6,574 | +€1,108 | +20.3% |
| Land and buildings | 22 | €807 | €1,586 | +€779 | +96.5% |
| Furniture and vehicles | 24 | €4,658 | €4,988 | +€330 | +7.1% |
| Current assets | 29/58 | €111,029 | €65,739 | -€45,290 | -40.8% |
| Amounts receivable within one year | 40/41 | €25,464 | €18,789 | -€6,675 | -26.2% |
| Trade receivables | 40 | €25,464 | €14,025 | -€11,439 | -44.9% |
| Other amounts receivable | 41 | - | €4,764 | +€4,764 | |
| Cash at bank and in hand | 54/58 | €85,045 | €46,118 | -€38,927 | -45.8% |
| Deferred charges and accrued income | 490/1 | €519 | €831 | +€312 | +60.0% |
| Total equity and liabilities | 10/49 | €116,494 | €72,312 | -€44,182 | -37.9% |
| Equity | 10/15 | €87,897 | €4,589 | -€83,308 | -94.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €84,897 | €1,589 | -€83,308 | -98.1% |
| Distributable reserves | 133 | €84,897 | €1,589 | -€83,308 | -98.1% |
| Amounts payable | 17/49 | €28,597 | €67,723 | +€39,126 | +137% |
| Amounts payable within one year | 42/48 | €28,597 | €67,723 | +€39,126 | +137% |
| Trade debts | 44 | €452 | €435 | -€16 | -3.6% |
| Suppliers | 440/4 | €452 | €435 | -€16 | -3.6% |
| Taxes, remuneration and social security | 45 | €22,475 | €188 | -€22,287 | -99.2% |
| Taxes | 450/3 | €22,475 | €188 | -€22,287 | -99.2% |
| Other amounts payable | 47/48 | €5,670 | €67,100 | +€61,430 | +1,083% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,535 | €2,822 | -€713 | -20.2% |
| Other operating charges | 640/8 | €118 | €308 | +€190 | +161% |
| Non-recurring operating charges | 66A | - | €1,096 | +€1,096 | |
| Gross operating margin | 9900 | €136,564 | €127,551 | -€9,013 | -6.6% |
| Operating profit (loss) | 9901 | €132,910 | €123,325 | -€9,585 | -7.2% |
| Financial income | 75/76B | €132 | €430 | +€298 | +226% |
| Recurring financial income | 75 | €132 | €430 | +€298 | +226% |
| Financial charges | 65/66B | €693 | €585 | -€108 | -15.6% |
| Recurring financial charges | 65 | €693 | €585 | -€108 | -15.6% |
| Profit (loss) for the period before taxes | 9903 | €132,349 | €123,170 | -€9,179 | -6.9% |
| Income taxes | 67/77 | €29,427 | €31,078 | +€1,651 | +5.6% |
| Profit (loss) for the period | 9904 | €102,922 | €92,092 | -€10,830 | -10.5% |
| Profit (loss) for the period to be appropriated | 9905 | €102,922 | €92,092 | -€10,830 | -10.5% |
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.