TRUST OFFICE: 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 OFFICE
Largest movements
- Receivables within one year -€57,712
down €57,712 (-32.3%), from €178,530 to €120,818
of which Trade receivables: -€60,751
- Tangible fixed assets +€9,824
up €9,824 (+4.0%), from €244,989 to €254,813
of which Furniture and vehicles: +€15,257
- Cash -€5,574
down €5,574 (-69.7%), from €7,996 to €2,422
mainly Net result for the year (-€22,779) and Tax, wage and social debts (-€19,150)
- Profit (loss) carried forward -€22,779
down €22,779 (-17.0%), from €134,348 to €111,570
- Tax, wage and social debts -€19,150
down €19,150 (-24.6%), from €77,948 to €58,798
of which Taxes: -€19,524
- Debts after one year -€14,793
down €14,793 (-7.9%), from €186,699 to €171,905
- Staff costs +€89,823
up €89,823 (+74.4%), from €120,657 to €210,480
- Taxes -€19,353
no longer reported in 2025 (was €19,353)
- Depreciation -€4,033
down €4,033 (-33.8%), from €11,936 to €7,903
- Other operating charges -€3,431
down €3,431 (-25.6%), from €13,401 to €9,970
- Financial charges -€2,678
down €2,678 (-32.3%), from €8,288 to €5,610
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 | €431,817 | €378,355 | -€53,462 | -12.4% |
| Fixed assets | 21/28 | €245,291 | €255,115 | +€9,824 | +4.0% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €244,989 | €254,813 | +€9,824 | +4.0% |
| Land and buildings | 22 | €244,989 | €237,086 | -€7,903 | -3.2% |
| Plant, machinery and equipment | 23 | - | €2,470 | +€2,470 | |
| Furniture and vehicles | 24 | - | €15,257 | +€15,257 | |
| Financial fixed assets | 28 | €302 | €302 | = | 0.0% |
| Current assets | 29/58 | €186,526 | €123,240 | -€63,286 | -33.9% |
| Amounts receivable within one year | 40/41 | €178,530 | €120,818 | -€57,712 | -32.3% |
| Trade receivables | 40 | €103,641 | €42,890 | -€60,751 | -58.6% |
| Other amounts receivable | 41 | €74,889 | €77,928 | +€3,039 | +4.1% |
| Cash at bank and in hand | 54/58 | €7,996 | €2,422 | -€5,574 | -69.7% |
| Total equity and liabilities | 10/49 | €431,817 | €378,355 | -€53,462 | -12.4% |
| Equity | 10/15 | €146,408 | €123,630 | -€22,779 | -15.6% |
| Contributions | 10/11 | €10,200 | €10,200 | = | 0.0% |
| Capital | 10 | €10,200 | €10,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €8,400 | €8,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €134,348 | €111,570 | -€22,779 | -17.0% |
| Amounts payable | 17/49 | €285,409 | €254,726 | -€30,683 | -10.8% |
| Amounts payable after more than one year | 17 | €186,699 | €171,905 | -€14,793 | -7.9% |
| Financial debts | 170/4 | €186,699 | €171,905 | -€14,793 | -7.9% |
| Amounts payable within one year | 42/48 | €98,710 | €82,820 | -€15,890 | -16.1% |
| Current portion of amounts payable after more than one year | 42 | €14,257 | €14,793 | +€536 | +3.8% |
| Trade debts | 44 | €649 | €373 | -€276 | -42.6% |
| Suppliers | 440/4 | €649 | €373 | -€276 | -42.6% |
| Taxes, remuneration and social security | 45 | €77,948 | €58,798 | -€19,150 | -24.6% |
| Taxes | 450/3 | €45,506 | €25,982 | -€19,524 | -42.9% |
| Remuneration and social security | 454/9 | €32,442 | €32,816 | +€374 | +1.2% |
| Other amounts payable | 47/48 | €5,856 | €8,856 | +€3,000 | +51.2% |
| Remuneration, social security and pensions | 62 | €120,657 | €210,480 | +€89,823 | +74.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,936 | €7,903 | -€4,033 | -33.8% |
| Other operating charges | 640/8 | €13,401 | €9,970 | -€3,431 | -25.6% |
| Gross operating margin | 9900 | €211,534 | €211,184 | -€350 | -0.2% |
| Operating profit (loss) | 9901 | €65,540 | -€17,169 | -€82,708 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €8,288 | €5,610 | -€2,678 | -32.3% |
| Recurring financial charges | 65 | €8,288 | €5,610 | -€2,678 | -32.3% |
| Profit (loss) for the period before taxes | 9903 | €57,252 | -€22,779 | -€80,031 | |
| Income taxes | 67/77 | €19,353 | - | -€19,353 | |
| Profit (loss) for the period | 9904 | €37,899 | -€22,779 | -€60,677 | |
| Profit (loss) for the period to be appropriated | 9905 | €37,899 | -€22,779 | -€60,677 |
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 9 October 2026 via checked.be.