TRUSTEK: 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.
TRUSTEK
Largest movements
- Receivables within one year -€33,959
down €33,959 (-99.7%), from €34,054 to €95
of which Trade receivables: -€34,054
- Cash +€14,808
up €14,808 (+18.9%), from €78,487 to €93,295
mainly Receivables within one year (+€33,959) and Net result for the year (+€11,705)
- Tax, wage and social debts -€28,963
down €28,963 (-90.2%), from €32,116 to €3,154
of which Taxes: -€26,163
- Reserves +€11,705
up €11,705 (+16.9%), from €69,326 to €81,031
- Trade debts -€1,514
down €1,514 (-96.0%), from €1,578 to €64
- Gross operating margin -€74,192
down €74,192 (-83.1%), from €89,240 to €15,048
- Taxes -€15,404
down €15,404 (-83.0%), from €18,558 to €3,154
- Depreciation -€1,075
down €1,075 (-100.0%), from €1,075 to €0
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 | €112,540 | €93,455 | -€19,085 | -17.0% |
| Formation expenses | 20 | €0 | - | = | |
| Current assets | 29/58 | €112,540 | €93,455 | -€19,085 | -17.0% |
| Amounts receivable within one year | 40/41 | €34,054 | €95 | -€33,959 | -99.7% |
| Trade receivables | 40 | €34,054 | €0 | -€34,054 | -100.0% |
| Other amounts receivable | 41 | - | €95 | +€95 | |
| Cash at bank and in hand | 54/58 | €78,487 | €93,295 | +€14,808 | +18.9% |
| Deferred charges and accrued income | 490/1 | - | €66 | +€66 | |
| Total equity and liabilities | 10/49 | €112,540 | €93,455 | -€19,085 | -17.0% |
| Equity | 10/15 | €71,326 | €83,031 | +€11,705 | +16.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €69,326 | €81,031 | +€11,705 | +16.9% |
| Distributable reserves | 133 | €69,326 | €81,031 | +€11,705 | +16.9% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €41,215 | €10,424 | -€30,790 | -74.7% |
| Amounts payable within one year | 42/48 | €41,215 | €10,424 | -€30,790 | -74.7% |
| Trade debts | 44 | €1,578 | €64 | -€1,514 | -96.0% |
| Suppliers | 440/4 | €1,578 | €64 | -€1,514 | -96.0% |
| Taxes, remuneration and social security | 45 | €32,116 | €3,154 | -€28,963 | -90.2% |
| Taxes | 450/3 | €29,316 | €3,154 | -€26,163 | -89.2% |
| Remuneration and social security | 454/9 | €2,800 | €0 | -€2,800 | -100.0% |
| Other amounts payable | 47/48 | €7,521 | €7,207 | -€313 | -4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,075 | €0 | -€1,075 | -100.0% |
| Other operating charges | 640/8 | €241 | €117 | -€124 | -51.6% |
| Gross operating margin | 9900 | €89,240 | €15,048 | -€74,192 | -83.1% |
| Operating profit (loss) | 9901 | €87,924 | €14,931 | -€72,993 | -83.0% |
| Financial income | 75/76B | €47 | €0 | -€47 | -100.0% |
| Recurring financial income | 75 | €47 | €0 | -€47 | -100.0% |
| Financial charges | 65/66B | €59 | €73 | +€14 | +24.3% |
| Recurring financial charges | 65 | €59 | €73 | +€14 | +24.3% |
| Profit (loss) for the period before taxes | 9903 | €87,912 | €14,858 | -€73,053 | -83.1% |
| Income taxes | 67/77 | €18,558 | €3,154 | -€15,404 | -83.0% |
| Profit (loss) for the period | 9904 | €69,354 | €11,705 | -€57,649 | -83.1% |
| Profit (loss) for the period to be appropriated | 9905 | €69,354 | €11,705 | -€57,649 | -83.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.