TRUST LANE: 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 LANE
Largest movements
- Receivables after one year +€27,000
new in 2024: €27,000
- Tangible fixed assets -€25,767
down €25,767 (-45.0%), from €57,272 to €31,504
of which Other tangible fixed assets: -€16,253
- Intangible fixed assets -€23,847
down €23,847 (-64.7%), from €36,863 to €13,016
- Receivables within one year -€16,190
down €16,190 (-9.9%), from €163,568 to €147,379
of which Trade receivables: -€16,331
- Cash +€3,670
up €3,670 (+60.8%), from €6,036 to €9,706
mainly Depreciation (+€52,071) and Receivables within one year (+€16,190)
- Trade debts -€38,362
down €38,362 (-43.3%), from €88,696 to €50,334
- Debts after one year -€20,000
no longer reported in 2024 (was €20,000)
- Short-term financial debts +€8,175
up €8,175 (+109%), from €7,500 to €15,675
- Reserves +€4,430
up €4,430 (+8.9%), from €50,029 to €54,459
of which Distributable reserves: +€4,430
- Accrued charges and deferred income +€4,262
up €4,262 (+15.3%), from €27,931 to €32,193
- Staff costs +€36,383
up €36,383 (+21.1%), from €172,533 to €208,917
- Gross operating margin +€27,040
up €27,040 (+10.2%), from €263,914 to €290,954
- Depreciation -€6,024
down €6,024 (-10.4%), from €58,095 to €52,071
- Financial charges +€5,932
up €5,932 (+128%), from €4,632 to €10,564
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 | €316,998 | €279,867 | -€37,131 | -11.7% |
| Fixed assets | 21/28 | €94,290 | €44,676 | -€49,614 | -52.6% |
| Intangible fixed assets | 21 | €36,863 | €13,016 | -€23,847 | -64.7% |
| Tangible fixed assets | 22/27 | €57,272 | €31,504 | -€25,767 | -45.0% |
| Plant, machinery and equipment | 23 | €2,341 | €1,752 | -€589 | -25.2% |
| Furniture and vehicles | 24 | €22,862 | €13,937 | -€8,925 | -39.0% |
| Other tangible fixed assets | 26 | €32,068 | €15,815 | -€16,253 | -50.7% |
| Financial fixed assets | 28 | €156 | €156 | = | 0.0% |
| Current assets | 29/58 | €222,708 | €235,191 | +€12,483 | +5.6% |
| Amounts receivable after more than one year | 29 | - | €27,000 | +€27,000 | |
| Trade receivables | 290 | - | €27,000 | +€27,000 | |
| Amounts receivable within one year | 40/41 | €163,568 | €147,379 | -€16,190 | -9.9% |
| Trade receivables | 40 | €160,209 | €143,877 | -€16,331 | -10.2% |
| Other amounts receivable | 41 | €3,360 | €3,501 | +€141 | +4.2% |
| Cash at bank and in hand | 54/58 | €6,036 | €9,706 | +€3,670 | +60.8% |
| Deferred charges and accrued income | 490/1 | €53,104 | €51,107 | -€1,997 | -3.8% |
| Total equity and liabilities | 10/49 | €316,998 | €279,867 | -€37,131 | -11.7% |
| Equity | 10/15 | €62,429 | €66,859 | +€4,430 | +7.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Capital | 10 | €12,400 | €12,400 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €50,029 | €54,459 | +€4,430 | +8.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €48,169 | €52,599 | +€4,430 | +9.2% |
| Amounts payable | 17/49 | €254,569 | €213,008 | -€41,561 | -16.3% |
| Amounts payable after more than one year | 17 | €20,000 | - | -€20,000 | |
| Financial debts | 170/4 | €20,000 | - | -€20,000 | |
| Amounts payable within one year | 42/48 | €206,638 | €180,816 | -€25,822 | -12.5% |
| Current portion of amounts payable after more than one year | 42 | €29,838 | €30,483 | +€645 | +2.2% |
| Financial debts | 43 | €7,500 | €15,675 | +€8,175 | +109% |
| Credit institutions | 430/8 | €7,500 | €15,675 | +€8,175 | +109% |
| Trade debts | 44 | €88,696 | €50,334 | -€38,362 | -43.3% |
| Suppliers | 440/4 | €88,696 | €50,334 | -€38,362 | -43.3% |
| Taxes, remuneration and social security | 45 | €80,604 | €84,325 | +€3,721 | +4.6% |
| Taxes | 450/3 | €56,063 | €57,426 | +€1,364 | +2.4% |
| Remuneration and social security | 454/9 | €24,541 | €26,898 | +€2,357 | +9.6% |
| Accrued charges and deferred income | 492/3 | €27,931 | €32,193 | +€4,262 | +15.3% |
| Non-recurring operating income | 76A | €5,343 | - | -€5,343 | |
| Remuneration, social security and pensions | 62 | €172,533 | €208,917 | +€36,383 | +21.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,095 | €52,071 | -€6,024 | -10.4% |
| Other operating charges | 640/8 | €2,154 | €2,579 | +€425 | +19.7% |
| Non-recurring operating charges | 66A | €13,198 | €3,389 | -€9,809 | -74.3% |
| Gross operating margin | 9900 | €263,914 | €290,954 | +€27,040 | +10.2% |
| Operating profit (loss) | 9901 | €17,933 | €23,998 | +€6,065 | +33.8% |
| Financial income | 75/76B | €31 | €199 | +€168 | +548% |
| Recurring financial income | 75 | €31 | €199 | +€168 | +548% |
| Financial charges | 65/66B | €4,632 | €10,564 | +€5,932 | +128% |
| Recurring financial charges | 65 | €4,632 | €10,564 | +€5,932 | +128% |
| Profit (loss) for the period before taxes | 9903 | €13,332 | €13,633 | +€301 | +2.3% |
| Income taxes | 67/77 | €6,594 | €9,203 | +€2,609 | +39.6% |
| Profit (loss) for the period | 9904 | €6,737 | €4,430 | -€2,308 | -34.3% |
| Profit (loss) for the period to be appropriated | 9905 | €6,737 | €4,430 | -€2,308 | -34.3% |
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 31 October 2026 via checked.be.