TRUST PAY SERVICES: 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 PAY SERVICES
Largest movements
- Cash -€16,450
down €16,450 (-19.5%), from €84,161 to €67,712
mainly Contributions, distributions and other (-€80,000) and Other debts (-€20,437)
- Tangible fixed assets -€9,872
down €9,872 (-2.5%), from €397,160 to €387,288
of which Land and buildings: -€12,088
- Other debts -€20,437
down €20,437 (-21.2%), from €96,576 to €76,139
- Current portion of long-term debt +€19,096
up €19,096 (+104%), from €18,359 to €37,455
- Debts after one year -€18,634
down €18,634 (-7.3%), from €255,812 to €237,178
- Tax, wage and social debts -€10,639
down €10,639 (-33.6%), from €31,704 to €21,065
of which Taxes: -€12,039
- Gross operating margin +€7,658
up €7,658 (+6.2%), from €124,409 to €132,068
- Write-downs -€1,502
down €1,502 (-43.0%), from €3,496 to €1,994
- Other operating charges +€1,386
up €1,386 (+843%), from €164 to €1,550
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 | €509,053 | €480,989 | -€28,064 | -5.5% |
| Fixed assets | 21/28 | €397,160 | €387,288 | -€9,872 | -2.5% |
| Tangible fixed assets | 22/27 | €397,160 | €387,288 | -€9,872 | -2.5% |
| Land and buildings | 22 | €387,764 | €375,676 | -€12,088 | -3.1% |
| Plant, machinery and equipment | 23 | €6,292 | €9,730 | +€3,438 | +54.6% |
| Furniture and vehicles | 24 | €3,104 | €1,882 | -€1,222 | -39.4% |
| Current assets | 29/58 | €111,892 | €93,701 | -€18,192 | -16.3% |
| Amounts receivable within one year | 40/41 | €27,414 | €25,989 | -€1,425 | -5.2% |
| Trade receivables | 40 | €27,414 | €25,989 | -€1,425 | -5.2% |
| Cash at bank and in hand | 54/58 | €84,161 | €67,712 | -€16,450 | -19.5% |
| Deferred charges and accrued income | 490/1 | €317 | - | -€317 | |
| Total equity and liabilities | 10/49 | €509,053 | €480,989 | -€28,064 | -5.5% |
| Equity | 10/15 | €102,850 | €103,025 | +€175 | +0.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €82,390 | €82,565 | +€175 | +0.2% |
| Amounts payable | 17/49 | €406,203 | €377,964 | -€28,239 | -7.0% |
| Amounts payable after more than one year | 17 | €255,812 | €237,178 | -€18,634 | -7.3% |
| Financial debts | 170/4 | €255,812 | €237,178 | -€18,634 | -7.3% |
| Amounts payable within one year | 42/48 | €150,391 | €140,786 | -€9,605 | -6.4% |
| Current portion of amounts payable after more than one year | 42 | €18,359 | €37,455 | +€19,096 | +104% |
| Trade debts | 44 | €3,751 | €6,127 | +€2,375 | +63.3% |
| Suppliers | 440/4 | €3,751 | €6,127 | +€2,375 | +63.3% |
| Taxes, remuneration and social security | 45 | €31,704 | €21,065 | -€10,639 | -33.6% |
| Taxes | 450/3 | €31,704 | €19,665 | -€12,039 | -38.0% |
| Remuneration and social security | 454/9 | - | €1,400 | +€1,400 | |
| Other amounts payable | 47/48 | €96,576 | €76,139 | -€20,437 | -21.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,368 | €14,202 | -€166 | -1.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,496 | €1,994 | -€1,502 | -43.0% |
| Other operating charges | 640/8 | €164 | €1,550 | +€1,386 | +843% |
| Gross operating margin | 9900 | €124,409 | €132,068 | +€7,658 | +6.2% |
| Operating profit (loss) | 9901 | €106,381 | €114,322 | +€7,941 | +7.5% |
| Financial income | 75/76B | - | €15 | +€15 | |
| Recurring financial income | 75 | - | €15 | +€15 | |
| Financial charges | 65/66B | €6,142 | €6,134 | -€8 | -0.1% |
| Recurring financial charges | 65 | €6,142 | €6,134 | -€8 | -0.1% |
| Profit (loss) for the period before taxes | 9903 | €100,239 | €108,203 | +€7,964 | +7.9% |
| Income taxes | 67/77 | €27,312 | €28,028 | +€716 | +2.6% |
| Profit (loss) for the period | 9904 | €72,927 | €80,175 | +€7,248 | +9.9% |
| Profit (loss) for the period to be appropriated | 9905 | €72,927 | €80,175 | +€7,248 | +9.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.