TRUST & THRIVE: 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 & THRIVE
Largest movements
- Current investments +€200,000
up €200,000 (+66.4%), from €301,108 to €501,108
- Cash -€143,350
down €143,350 (-53.8%), from €266,555 to €123,205
mainly Current investments (-€200,000) and Tax, wage and social debts (-€9,961)
- Receivables within one year -€31,502
down €31,502 (-90.0%), from €34,999 to €3,497
of which Trade receivables: -€34,999
- Reserves +€35,233
up €35,233 (+6.5%), from €539,407 to €574,640
of which Distributable reserves: +€574,640
- Tax, wage and social debts -€9,961
down €9,961 (-59.4%), from €16,780 to €6,819
- Other debts -€8,582
no longer reported in 2025 (was €8,582)
- Accrued charges and deferred income +€7,733
new in 2025: €7,733
- Gross operating margin -€43,044
down €43,044 (-52.6%), from €81,888 to €38,844
- Taxes -€12,976
down €12,976 (-48.5%), from €26,744 to €13,768
- Financial income -€4,087
down €4,087 (-26.0%), from €15,732 to €11,645
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 | €606,356 | €630,691 | +€24,335 | +4.0% |
| Fixed assets | 21/28 | €2,369 | €1,557 | -€812 | -34.3% |
| Tangible fixed assets | 22/27 | €2,369 | €1,557 | -€812 | -34.3% |
| Plant, machinery and equipment | 23 | €2,369 | €1,557 | -€812 | -34.3% |
| Current assets | 29/58 | €603,987 | €629,134 | +€25,147 | +4.2% |
| Amounts receivable within one year | 40/41 | €34,999 | €3,497 | -€31,502 | -90.0% |
| Trade receivables | 40 | €34,999 | - | -€34,999 | |
| Other amounts receivable | 41 | - | €3,497 | +€3,497 | |
| Current investments | 50/53 | €301,108 | €501,108 | +€200,000 | +66.4% |
| Cash at bank and in hand | 54/58 | €266,555 | €123,205 | -€143,350 | -53.8% |
| Deferred charges and accrued income | 490/1 | €1,325 | €1,323 | -€2 | -0.1% |
| Total equity and liabilities | 10/49 | €606,356 | €630,691 | +€24,335 | +4.0% |
| Equity | 10/15 | €580,320 | €615,553 | +€35,233 | +6.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €539,407 | €574,640 | +€35,233 | +6.5% |
| Non-distributable reserves | 130/1 | €539,407 | - | -€539,407 | |
| Other | 1319 | €539,407 | - | -€539,407 | |
| Distributable reserves | 133 | - | €574,640 | +€574,640 | |
| Profit (loss) carried forward | 14 | €20,913 | €20,913 | = | 0.0% |
| Amounts payable | 17/49 | €26,036 | €15,137 | -€10,898 | -41.9% |
| Amounts payable within one year | 42/48 | €26,036 | €7,404 | -€18,631 | -71.6% |
| Trade debts | 44 | €674 | €586 | -€88 | -13.1% |
| Suppliers | 440/4 | €674 | €586 | -€88 | -13.1% |
| Taxes, remuneration and social security | 45 | €16,780 | €6,819 | -€9,961 | -59.4% |
| Taxes | 450/3 | €16,780 | €6,819 | -€9,961 | -59.4% |
| Other amounts payable | 47/48 | €8,582 | - | -€8,582 | |
| Accrued charges and deferred income | 492/3 | - | €7,733 | +€7,733 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €891 | €812 | -€79 | -8.9% |
| Other operating charges | 640/8 | €493 | €530 | +€37 | +7.6% |
| Gross operating margin | 9900 | €81,888 | €38,844 | -€43,044 | -52.6% |
| Operating profit (loss) | 9901 | €80,504 | €37,502 | -€43,002 | -53.4% |
| Financial income | 75/76B | €15,732 | €11,645 | -€4,087 | -26.0% |
| Recurring financial income | 75 | €15,732 | €11,645 | -€4,087 | -26.0% |
| Financial charges | 65/66B | €127 | €146 | +€19 | +14.8% |
| Recurring financial charges | 65 | €127 | €146 | +€19 | +14.8% |
| Profit (loss) for the period before taxes | 9903 | €96,109 | €49,001 | -€47,108 | -49.0% |
| Income taxes | 67/77 | €26,744 | €13,768 | -€12,976 | -48.5% |
| Profit (loss) for the period | 9904 | €69,365 | €35,233 | -€34,132 | -49.2% |
| Profit (loss) for the period to be appropriated | 9905 | €69,365 | €35,233 | -€34,132 | -49.2% |
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.