Trust Organisation: 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 Organisation
Largest movements
- Cash +€22,104
up €22,104 (+13.1%), from €168,877 to €190,981
mainly Net result for the year (+€41,707) and Receivables after one year (+€18,568)
- Receivables after one year -€18,568
down €18,568 (-40.8%), from €45,508 to €26,940
- Provisions -€51,904
no longer reported in 2025 (was €51,904)
- Reserves +€41,707
up €41,707 (+29.9%), from €139,340 to €181,047
of which Non-distributable reserves: +€181,047
- Tax, wage and social debts +€13,437
up €13,437 (+94.5%), from €14,216 to €27,653
of which Taxes: +€13,135
- Provisions -€51,904
new in 2025: -€51,904
- Taxes +€12,145
up €12,145 (+239%), from €5,072 to €17,217
- Gross operating margin -€6,275
down €6,275 (-38.2%), from €16,447 to €10,172
- Financial income -€1,343
down €1,343 (-45.1%), from €2,980 to €1,637
- Financial charges +€834
up €834 (+192%), from €435 to €1,268
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 | €237,513 | €240,999 | +€3,486 | +1.5% |
| Fixed assets | 21/28 | €3,982 | €4,175 | +€193 | +4.9% |
| Tangible fixed assets | 22/27 | €3,982 | €4,175 | +€193 | +4.9% |
| Plant, machinery and equipment | 23 | €2,772 | €1,782 | -€990 | -35.7% |
| Furniture and vehicles | 24 | €1,210 | €2,393 | +€1,183 | +97.8% |
| Current assets | 29/58 | €233,531 | €236,824 | +€3,293 | +1.4% |
| Amounts receivable after more than one year | 29 | €45,508 | €26,940 | -€18,568 | -40.8% |
| Other amounts receivable | 291 | €45,508 | €26,940 | -€18,568 | -40.8% |
| Amounts receivable within one year | 40/41 | €18,150 | €18,150 | = | 0.0% |
| Trade receivables | 40 | €18,150 | €18,150 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €168,877 | €190,981 | +€22,104 | +13.1% |
| Deferred charges and accrued income | 490/1 | €996 | €753 | -€243 | -24.4% |
| Total equity and liabilities | 10/49 | €237,513 | €240,999 | +€3,486 | +1.5% |
| Equity | 10/15 | €170,327 | €212,034 | +€41,707 | +24.5% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €139,340 | €181,047 | +€41,707 | +29.9% |
| Non-distributable reserves | 130/1 | - | €181,047 | +€181,047 | |
| Reserves not available under the articles | 1311 | - | €181,047 | +€181,047 | |
| Distributable reserves | 133 | €139,340 | - | -€139,340 | |
| Provisions and deferred taxes | 16 | €51,904 | - | -€51,904 | |
| Provisions for liabilities and charges | 160/5 | €51,904 | - | -€51,904 | |
| Pensions and similar obligations | 160 | €51,904 | - | -€51,904 | |
| Amounts payable | 17/49 | €15,281 | €28,965 | +€13,684 | +89.5% |
| Amounts payable within one year | 42/48 | €15,281 | €28,749 | +€13,468 | +88.1% |
| Trade debts | 44 | €682 | €1,096 | +€414 | +60.7% |
| Suppliers | 440/4 | €682 | €1,096 | +€414 | +60.7% |
| Taxes, remuneration and social security | 45 | €14,216 | €27,653 | +€13,437 | +94.5% |
| Taxes | 450/3 | €12,670 | €25,805 | +€13,135 | +104% |
| Remuneration and social security | 454/9 | €1,546 | €1,848 | +€301 | +19.5% |
| Other amounts payable | 47/48 | €383 | - | -€383 | |
| Accrued charges and deferred income | 492/3 | - | €216 | +€216 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,347 | €1,733 | +€385 | +28.6% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€51,904 | -€51,904 | |
| Other operating charges | 640/8 | €1,680 | €1,789 | +€109 | +6.5% |
| Gross operating margin | 9900 | €16,447 | €10,172 | -€6,275 | -38.2% |
| Operating profit (loss) | 9901 | €13,420 | €58,555 | +€45,136 | +336% |
| Financial income | 75/76B | €2,980 | €1,637 | -€1,343 | -45.1% |
| Recurring financial income | 75 | €2,980 | €1,637 | -€1,343 | -45.1% |
| Financial charges | 65/66B | €435 | €1,268 | +€834 | +192% |
| Recurring financial charges | 65 | €435 | €1,268 | +€834 | +192% |
| Profit (loss) for the period before taxes | 9903 | €15,965 | €58,924 | +€42,959 | +269% |
| Income taxes | 67/77 | €5,072 | €17,217 | +€12,145 | +239% |
| Profit (loss) for the period | 9904 | €10,893 | €41,707 | +€30,814 | +283% |
| Profit (loss) for the period to be appropriated | 9905 | €10,893 | €41,707 | +€30,814 | +283% |
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.