TrustEUAffairs: 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.
TrustEUAffairs
Largest movements
- Cash +€36,103
up €36,103 (+65.4%), from €55,207 to €91,309
mainly Other debts (+€50,150) and Net result for the year (+€32,864)
- Receivables within one year -€10,298
down €10,298 (-29.3%), from €35,167 to €24,869
of which Trade receivables: -€13,322
- Deferred charges and accrued income +€2,291
up €2,291 (+38.3%), from €5,978 to €8,269
- Other debts +€50,150
new in 2025: €50,150
- Profit (loss) carried forward -€26,136
down €26,136 (-61.8%), from €42,291 to €16,155
- Tax, wage and social debts +€12,190
up €12,190 (+93.5%), from €13,040 to €25,230
- Trade debts -€8,896
down €8,896 (-45.4%), from €19,609 to €10,713
- Gross operating margin +€15,299
up €15,299 (+42.4%), from €36,087 to €51,385
- Taxes +€3,272
up €3,272 (+25.0%), from €13,110 to €16,381
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 | €101,225 | €128,533 | +€27,308 | +27.0% |
| Fixed assets | 21/28 | €4,873 | €4,086 | -€787 | -16.2% |
| Tangible fixed assets | 22/27 | €4,873 | €4,086 | -€787 | -16.2% |
| Land and buildings | 22 | €4,873 | €4,086 | -€787 | -16.2% |
| Current assets | 29/58 | €96,352 | €124,447 | +€28,095 | +29.2% |
| Amounts receivable within one year | 40/41 | €35,167 | €24,869 | -€10,298 | -29.3% |
| Trade receivables | 40 | €29,419 | €16,097 | -€13,322 | -45.3% |
| Other amounts receivable | 41 | €5,748 | €8,772 | +€3,024 | +52.6% |
| Cash at bank and in hand | 54/58 | €55,207 | €91,309 | +€36,103 | +65.4% |
| Deferred charges and accrued income | 490/1 | €5,978 | €8,269 | +€2,291 | +38.3% |
| Total equity and liabilities | 10/49 | €101,225 | €128,533 | +€27,308 | +27.0% |
| Equity | 10/15 | €62,696 | €36,560 | -€26,136 | -41.7% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €42,291 | €16,155 | -€26,136 | -61.8% |
| Amounts payable | 17/49 | €38,529 | €91,973 | +€53,444 | +139% |
| Amounts payable within one year | 42/48 | €38,529 | €91,973 | +€53,444 | +139% |
| Trade debts | 44 | €19,609 | €10,713 | -€8,896 | -45.4% |
| Suppliers | 440/4 | €19,609 | €10,713 | -€8,896 | -45.4% |
| Advances received on contracts in progress | 46 | €5,880 | €5,880 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €13,040 | €25,230 | +€12,190 | +93.5% |
| Taxes | 450/3 | €13,040 | €25,230 | +€12,190 | +93.5% |
| Other amounts payable | 47/48 | - | €50,150 | +€50,150 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €787 | €787 | -€0 | 0.0% |
| Other operating charges | 640/8 | €1,013 | €1,037 | +€24 | +2.4% |
| Gross operating margin | 9900 | €36,087 | €51,385 | +€15,299 | +42.4% |
| Operating profit (loss) | 9901 | €34,286 | €49,561 | +€15,275 | +44.6% |
| Financial income | 75/76B | €85 | - | -€85 | |
| Recurring financial income | 75 | €85 | - | -€85 | |
| Financial charges | 65/66B | €308 | €316 | +€7 | +2.4% |
| Recurring financial charges | 65 | €308 | €316 | +€7 | +2.4% |
| Profit (loss) for the period before taxes | 9903 | €34,063 | €49,245 | +€15,182 | +44.6% |
| Income taxes | 67/77 | €13,110 | €16,381 | +€3,272 | +25.0% |
| Profit (loss) for the period | 9904 | €20,954 | €32,864 | +€11,910 | +56.8% |
| Profit (loss) for the period to be appropriated | 9905 | €20,954 | €32,864 | +€11,910 | +56.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.