TrustBuilder Corporation: 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.
What changed
TrustBuilder Corporation
NACE 62.100, Computer programming
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€579,832
2024 · -€1.4m+€804,050
Equity
-€1.4m
2024 · -€642,643-€729,842
Cash
€146,163
2024 · €59,292+€86,871
Balance sheet total
€4.8m
2024 · €6.0m-€1.2m
Largest movements
Assets
- Receivables within one year -€715,824
down €715,824 (-49.5%), from €1.4m to €729,467
of which Trade receivables: -€797,644
- Intangible fixed assets -€527,664
down €527,664 (-11.9%), from €4.4m to €3.9m
- Cash +€86,871
up €86,871 (+147%), from €59,292 to €146,163
mainly Debts after one year (+€1.4m) and Depreciation (+€1.1m)
Equity and liabilities
- Other debts -€1.7m
down €1.7m (-100%), from €1.7m to €0
- Debts after one year +€1.4m
up €1.4m (+229%), from €633,294 to €2.1m
- Accrued charges and deferred income -€736,684
down €736,684 (-38.8%), from €1.9m to €1.2m
- Trade debts +€588,488
up €588,488 (+28.5%), from €2.1m to €2.7m
- Profit (loss) carried forward -€579,832
down €579,832 (-13.1%), from -€4.4m to -€5.0m
Income statement
- Staff costs -€886,051
down €886,051 (-64.8%), from €1.4m to €481,627
- Financial income +€188,281
up €188,281, from €0 to €188,281
of which Financial income: +€188,281
- Depreciation +€153,414
up €153,414 (+17.0%), from €900,325 to €1.1m
- Gross operating margin -€76,412
down €76,412 (-7.9%), from €969,598 to €893,186
- Financial charges +€35,181
up €35,181 (+41.2%), from €85,478 to €120,659
of which Financial charges: +€35,181
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.
Result 2024
-€1.4m
Gross operating margin
-€76,412
Staff costs
+€886,051
Depreciation
-€153,414
Other operating charges
-€2,426
Other operating items
-€167
Financial income
+€188,281
Financial charges
-€35,181
Taxes
-€2,682
Result 2025
-€579,832
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€718,240
Investment
-€513,085
Financing
+€1.3m
Cash 2024
€59,292
From operations (derived)
-€718,240
Net result for the year
-€579,832
Depreciation
+€1.1m
Receivables within one year
+€715,824
Deferred charges and accrued income
-€14,783
Trade debts
+€588,488
Tax, wage and social debts
-€71,857
Advances received
-€12,320
Other debts
-€1.7m
Accrued charges and deferred income
-€736,684
Investment (derived)
-€513,085
Investment in fixed assets (net)
-€513,085
Financing
+€1.3m
Debts after one year
+€1.4m
Current portion of long-term debt
+€19,303
Short-term financial debts
-€9
Contributions, distributions and other
-€150,010
Cash 2025
€146,163
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,978,256 | €4,823,432 | -€1.2m | -19.3% |
| Formation expenses | 20 | €6,352 | €2,384 | -€3,968 | -62.5% |
| Fixed assets | 21/28 | €4,464,418 | €3,927,732 | -€536,686 | -12.0% |
| Intangible fixed assets | 21 | €4,439,148 | €3,911,484 | -€527,664 | -11.9% |
| Tangible fixed assets | 22/27 | €15,015 | €5,993 | -€9,022 | -60.1% |
| Plant, machinery and equipment | 23 | €15,015 | €5,993 | -€9,022 | -60.1% |
| Financial fixed assets | 28 | €10,255 | €10,255 | = | 0.0% |
| Current assets | 29/58 | €1,507,487 | €893,317 | -€614,170 | -40.7% |
| Amounts receivable within one year | 40/41 | €1,445,290 | €729,467 | -€715,824 | -49.5% |
| Trade receivables | 40 | €1,438,713 | €641,069 | -€797,644 | -55.4% |
| Other amounts receivable | 41 | €6,578 | €88,398 | +€81,821 | +1,244% |
| Cash at bank and in hand | 54/58 | €59,292 | €146,163 | +€86,871 | +147% |
| Deferred charges and accrued income | 490/1 | €2,905 | €17,687 | +€14,783 | +509% |
| Total equity and liabilities | 10/49 | €5,978,256 | €4,823,432 | -€1.2m | -19.3% |
| Equity | 10/15 | -€642,643 | -€1,372,485 | -€729,842 | -114% |
| Contributions | 10/11 | €3,040,292 | €3,040,292 | = | 0.0% |
| Capital | 10 | €3,024,452 | €3,024,452 | = | 0.0% |
| Issued capital | 100 | €3,024,452 | €3,024,452 | = | 0.0% |
| Contributions outside capital | 11 | €15,840 | €15,840 | = | 0.0% |
| Share premium | 1100/10 | €15,840 | €15,840 | = | 0.0% |
| Reserves | 13 | €326,987 | €326,987 | = | 0.0% |
| Non-distributable reserves | 130/1 | €306,164 | €306,164 | = | 0.0% |
| Legal reserve | 130 | €3,718 | €3,718 | = | 0.0% |
| Other | 1319 | €302,445 | €302,445 | = | 0.0% |
| Tax-exempt reserves | 132 | €20,824 | €20,824 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,427,805 | -€5,007,637 | -€579,832 | -13.1% |
| Investment grants | 15 | €417,883 | €267,873 | -€150,010 | -35.9% |
| Amounts payable | 17/49 | €6,620,899 | €6,195,917 | -€424,982 | -6.4% |
| Amounts payable after more than one year | 17 | €633,294 | €2,082,206 | +€1.4m | +229% |
| Financial debts | 170/4 | €633,294 | €2,082,206 | +€1.4m | +229% |
| Amounts payable within one year | 42/48 | €4,090,303 | €2,953,093 | -€1.1m | -27.8% |
| Current portion of amounts payable after more than one year | 42 | €1,834 | €21,136 | +€19,303 | +1,053% |
| Financial debts | 43 | €250,009 | €250,000 | -€9 | 0.0% |
| Credit institutions | 430/8 | €250,009 | €250,000 | -€9 | 0.0% |
| Trade debts | 44 | €2,062,980 | €2,651,468 | +€588,488 | +28.5% |
| Suppliers | 440/4 | €2,062,980 | €2,651,468 | +€588,488 | +28.5% |
| Advances received on contracts in progress | 46 | €12,320 | €0 | -€12,320 | -100% |
| Taxes, remuneration and social security | 45 | €102,347 | €30,489 | -€71,857 | -70.2% |
| Taxes | 450/3 | €69,006 | €424 | -€68,582 | -99.4% |
| Remuneration and social security | 454/9 | €33,340 | €30,065 | -€3,275 | -9.8% |
| Other amounts payable | 47/48 | €1,660,814 | €0 | -€1.7m | -100% |
| Accrued charges and deferred income | 492/3 | €1,897,302 | €1,160,618 | -€736,684 | -38.8% |
| Non-recurring operating income | 76A | - | €56,568 | +€56,568 | |
| Remuneration, social security and pensions | 62 | €1,367,677 | €481,627 | -€886,051 | -64.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €900,325 | €1,053,739 | +€153,414 | +17.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €0 | €2,426 | +€2,426 | |
| Non-recurring operating charges | 66A | - | €167 | +€167 | |
| Gross operating margin | 9900 | €969,598 | €893,186 | -€76,412 | -7.9% |
| Operating profit (loss) | 9901 | -€1,298,404 | -€644,772 | +€653,632 | +50.3% |
| Financial income | 75/76B | €0 | €188,281 | +€188,281 | |
| Recurring financial income | 75 | €0 | €188,281 | +€188,281 | |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €85,478 | €120,659 | +€35,181 | +41.2% |
| Recurring financial charges | 65 | €85,478 | €120,659 | +€35,181 | +41.2% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | -€1,383,882 | -€577,150 | +€806,732 | +58.3% |
| Income taxes | 67/77 | €0 | €2,682 | +€2,682 | |
| Profit (loss) for the period | 9904 | -€1,383,882 | -€579,832 | +€804,050 | +58.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,383,882 | -€579,832 | +€804,050 | +58.1% |
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 31 October 2026 via checked.be.