TRUST SOLUTIONS SYSTEM ENGINEERING: what changed
Two fiscal 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 SOLUTIONS SYSTEM ENGINEERING
Largest movements
- Receivables after one year +€188,189
up €188,189 (+209.1%), from €90,000 to €278,189
of which Other amounts receivable: +€188,189
- Receivables within one year -€48,286
down €48,286 (-48.8%), from €98,916 to €50,630
of which Trade receivables: -€48,286
- Deferred charges and accrued income +€6,176
up €6,176 (+534.0%), from €1,157 to €7,332
- Cash +€4,827
up €4,827 (+754215.6%), from €1 to €4,828
mainly Net result for the year (+€134,654) and Receivables within one year (+€48,286)
- Profit (loss) carried forward +€134,654
up €134,654 (+124.9%), from €107,838 to €242,492
- Tax, wage and social debts +€39,029
up €39,029 (+132.1%), from €29,537 to €68,565
- Trade debts -€23,438
down €23,438 (-45.4%), from €51,658 to €28,220
of which Suppliers: -€23,835
- Gross operating margin +€26,008
up €26,008 (+17.4%), from €149,831 to €175,839
- Other operating charges -€10,606
down €10,606 (-89.5%), from €11,856 to €1,250
- Taxes +€9,492
up €9,492 (+32.1%), from €29,537 to €39,029
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 | €191,033 | €341,699 | +€150,665 | +78.9% |
| Fixed assets | 21/28 | €960 | €720 | -€240 | -25.0% |
| Tangible fixed assets | 22/27 | €960 | €720 | -€240 | -25.0% |
| Plant, machinery and equipment | 23 | €960 | €720 | -€240 | -25.0% |
| Current assets | 29/58 | €190,074 | €340,979 | +€150,905 | +79.4% |
| Amounts receivable after more than one year | 29 | €90,000 | €278,189 | +€188,189 | +209.1% |
| Trade receivables | 290 | €90,000 | €90,000 | = | 0.0% |
| Other amounts receivable | 291 | - | €188,189 | +€188,189 | |
| Amounts receivable within one year | 40/41 | €98,916 | €50,630 | -€48,286 | -48.8% |
| Trade receivables | 40 | €98,020 | €49,733 | -€48,286 | -49.3% |
| Other amounts receivable | 41 | €897 | €897 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1 | €4,828 | +€4,827 | +754215.6% |
| Deferred charges and accrued income | 490/1 | €1,157 | €7,332 | +€6,176 | +534.0% |
| Total equity and liabilities | 10/49 | €191,033 | €341,699 | +€150,665 | +78.9% |
| Equity | 10/15 | €109,838 | €244,492 | +€134,654 | +122.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €107,838 | €242,492 | +€134,654 | +124.9% |
| Amounts payable | 17/49 | €81,195 | €97,206 | +€16,012 | +19.7% |
| Amounts payable within one year | 42/48 | €81,195 | €97,206 | +€16,012 | +19.7% |
| Trade debts | 44 | €51,658 | €28,220 | -€23,438 | -45.4% |
| Suppliers | 440/4 | €51,658 | €27,823 | -€23,835 | -46.1% |
| Bills of exchange payable | 441 | - | €398 | +€398 | |
| Taxes, remuneration and social security | 45 | €29,537 | €68,565 | +€39,029 | +132.1% |
| Taxes | 450/3 | €29,537 | €68,565 | +€39,029 | +132.1% |
| Other amounts payable | 47/48 | - | €421 | +€421 | |
| Remuneration, social security and pensions | 62 | €94 | €196 | +€102 | +108.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €240 | €240 | = | 0.0% |
| Other operating charges | 640/8 | €11,856 | €1,250 | -€10,606 | -89.5% |
| Gross operating margin | 9900 | €149,831 | €175,839 | +€26,008 | +17.4% |
| Operating profit (loss) | 9901 | €137,641 | €174,154 | +€36,512 | +26.5% |
| Financial charges | 65/66B | €266 | €471 | +€205 | +77.2% |
| Recurring financial charges | 65 | €266 | €471 | +€205 | +77.2% |
| Profit (loss) for the period before taxes | 9903 | €137,375 | €173,682 | +€36,307 | +26.4% |
| Income taxes | 67/77 | €29,537 | €39,029 | +€9,492 | +32.1% |
| Profit (loss) for the period | 9904 | €107,838 | €134,654 | +€26,815 | +24.9% |
| Profit (loss) for the period to be appropriated | 9905 | €107,838 | €134,654 | +€26,815 | +24.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.