Trust 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 Services
Largest movements
- Receivables within one year +€59,135
up €59,135 (+114%), from €51,889 to €111,024
of which Other amounts receivable: +€31,633
- Stocks and contracts +€49,015
up €49,015 (+36.0%), from €136,153 to €185,168
- Tangible fixed assets +€36,378
up €36,378 (+34.8%), from €104,451 to €140,828
of which Furniture and vehicles: +€35,451
- Deferred charges and accrued income -€26,170
down €26,170 (-54.1%), from €48,397 to €22,227
- Cash +€25,120
up €25,120 (+49.0%), from €51,233 to €76,352
mainly Advances received (+€170,575) and Debts after one year (+€81,630)
- Advances received +€170,575
up €170,575 (+6,880%), from €2,479 to €173,055
- Accrued charges and deferred income -€150,068
no longer reported in 2025 (was €150,068)
- Debts after one year +€81,630
up €81,630 (+230%), from €35,470 to €117,100
- Profit (loss) carried forward +€26,148
up €26,148 (+115%), from €22,729 to €48,877
- Trade debts +€11,136
up €11,136 (+319%), from €3,490 to €14,626
- Gross operating margin +€54,353
up €54,353 (+96.0%), from €56,643 to €110,996
- Depreciation +€19,639
up €19,639 (+68.2%), from €28,806 to €48,445
- Write-downs +€6,170
new in 2025: €6,170
- Taxes +€5,348
up €5,348 (+205%), from €2,612 to €7,961
- Financial charges +€4,256
up €4,256 (+164%), from €2,598 to €6,854
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 | €393,850 | €537,327 | +€143,478 | +36.4% |
| Fixed assets | 21/28 | €106,179 | €142,556 | +€36,378 | +34.3% |
| Tangible fixed assets | 22/27 | €104,451 | €140,828 | +€36,378 | +34.8% |
| Land and buildings | 22 | €15,712 | €21,733 | +€6,021 | +38.3% |
| Plant, machinery and equipment | 23 | €18,167 | €13,072 | -€5,095 | -28.0% |
| Furniture and vehicles | 24 | €70,572 | €106,023 | +€35,451 | +50.2% |
| Financial fixed assets | 28 | €1,728 | €1,728 | = | 0.0% |
| Current assets | 29/58 | €287,671 | €394,771 | +€107,100 | +37.2% |
| Stocks and contracts in progress | 3 | €136,153 | €185,168 | +€49,015 | +36.0% |
| Stocks | 30/36 | €136,153 | €185,168 | +€49,015 | +36.0% |
| Amounts receivable within one year | 40/41 | €51,889 | €111,024 | +€59,135 | +114% |
| Trade receivables | 40 | €37,852 | €65,355 | +€27,503 | +72.7% |
| Other amounts receivable | 41 | €14,037 | €45,669 | +€31,633 | +225% |
| Cash at bank and in hand | 54/58 | €51,233 | €76,352 | +€25,120 | +49.0% |
| Deferred charges and accrued income | 490/1 | €48,397 | €22,227 | -€26,170 | -54.1% |
| Total equity and liabilities | 10/49 | €393,850 | €537,327 | +€143,478 | +36.4% |
| Equity | 10/15 | €26,229 | €52,377 | +€26,148 | +99.7% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,729 | €48,877 | +€26,148 | +115% |
| Amounts payable | 17/49 | €367,621 | €484,951 | +€117,330 | +31.9% |
| Amounts payable after more than one year | 17 | €35,470 | €117,100 | +€81,630 | +230% |
| Financial debts | 170/4 | €35,470 | €117,100 | +€81,630 | +230% |
| Amounts payable within one year | 42/48 | €182,083 | €367,851 | +€185,768 | +102% |
| Trade debts | 44 | €3,490 | €14,626 | +€11,136 | +319% |
| Suppliers | 440/4 | €3,490 | €14,626 | +€11,136 | +319% |
| Advances received on contracts in progress | 46 | €2,479 | €173,055 | +€170,575 | +6,880% |
| Taxes, remuneration and social security | 45 | €6,176 | €12,131 | +€5,956 | +96.4% |
| Taxes | 450/3 | €4,661 | €10,573 | +€5,912 | +127% |
| Remuneration and social security | 454/9 | €1,515 | €1,558 | +€44 | +2.9% |
| Other amounts payable | 47/48 | €169,938 | €168,039 | -€1,899 | -1.1% |
| Accrued charges and deferred income | 492/3 | €150,068 | - | -€150,068 | |
| Remuneration, social security and pensions | 62 | €12,745 | €12,631 | -€115 | -0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,806 | €48,445 | +€19,639 | +68.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €6,170 | +€6,170 | |
| Other operating charges | 640/8 | €610 | €1,461 | +€851 | +139% |
| Non-recurring operating charges | 66A | - | €1,345 | +€1,345 | |
| Gross operating margin | 9900 | €56,643 | €110,996 | +€54,353 | +96.0% |
| Operating profit (loss) | 9901 | €14,482 | €40,945 | +€26,463 | +183% |
| Financial income | 75/76B | - | €18 | +€18 | |
| Recurring financial income | 75 | - | €18 | +€18 | |
| Financial charges | 65/66B | €2,598 | €6,854 | +€4,256 | +164% |
| Recurring financial charges | 65 | €2,598 | €6,854 | +€4,256 | +164% |
| Profit (loss) for the period before taxes | 9903 | €11,884 | €34,108 | +€22,224 | +187% |
| Income taxes | 67/77 | €2,612 | €7,961 | +€5,348 | +205% |
| Profit (loss) for the period | 9904 | €9,272 | €26,148 | +€16,876 | +182% |
| Profit (loss) for the period to be appropriated | 9905 | €9,272 | €26,148 | +€16,876 | +182% |
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 20 October 2026 via checked.be.