Trusticon: 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.
Trusticon
Largest movements
- Tangible fixed assets -€42,560
down €42,560 (-80.1%), from €53,139 to €10,578
of which Land and buildings: -€50,319
- Receivables within one year -€8,758
down €8,758 (-13.8%), from €63,517 to €54,759
of which Trade receivables: -€9,052
- Stocks and contracts -€7,600
down €7,600 (-7.7%), from €98,581 to €90,981
- Cash -€6,988
down €6,988 (-3.7%), from €188,740 to €181,752
mainly Other debts (-€120,092) and Tax, wage and social debts (-€54,067)
- Other debts -€120,092
down €120,092 (-92.3%), from €130,143 to €10,051
- Reserves +€112,071
up €112,071 (+134.5%), from €83,323 to €195,394
- Tax, wage and social debts -€54,067
down €54,067 (-57.7%), from €93,712 to €39,645
- Gross operating margin +€11,634
up €11,634 (+6.0%), from €194,480 to €206,115
- Write-downs +€8,428
up €8,428 (+64.9%), from -€12,990 to -€4,562
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 | €410,378 | €348,432 | -€61,946 | -15.1% |
| Fixed assets | 21/28 | €53,889 | €13,578 | -€40,310 | -74.8% |
| Tangible fixed assets | 22/27 | €53,139 | €10,578 | -€42,560 | -80.1% |
| Land and buildings | 22 | €50,319 | €0 | -€50,319 | -100.0% |
| Plant, machinery and equipment | 23 | €1,327 | €194 | -€1,133 | -85.4% |
| Other tangible fixed assets | 26 | €1,492 | €10,384 | +€8,892 | +595.8% |
| Financial fixed assets | 28 | €750 | €3,000 | +€2,250 | +300.0% |
| Current assets | 29/58 | €356,489 | €334,854 | -€21,635 | -6.1% |
| Stocks and contracts in progress | 3 | €98,581 | €90,981 | -€7,600 | -7.7% |
| Stocks | 30/36 | €98,581 | €90,981 | -€7,600 | -7.7% |
| Amounts receivable within one year | 40/41 | €63,517 | €54,759 | -€8,758 | -13.8% |
| Trade receivables | 40 | €63,517 | €54,465 | -€9,052 | -14.3% |
| Other amounts receivable | 41 | - | €294 | +€294 | |
| Cash at bank and in hand | 54/58 | €188,740 | €181,752 | -€6,988 | -3.7% |
| Deferred charges and accrued income | 490/1 | €5,652 | €7,361 | +€1,710 | +30.3% |
| Total equity and liabilities | 10/49 | €410,378 | €348,432 | -€61,946 | -15.1% |
| Equity | 10/15 | €86,323 | €198,394 | +€112,071 | +129.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €83,323 | €195,394 | +€112,071 | +134.5% |
| Distributable reserves | 133 | €83,323 | €195,394 | +€112,071 | +134.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €324,055 | €150,038 | -€174,017 | -53.7% |
| Amounts payable after more than one year | 17 | €75,000 | €75,000 | = | 0.0% |
| Financial debts | 170/4 | €75,000 | €75,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €248,071 | €74,054 | -€174,017 | -70.1% |
| Financial debts | 43 | - | €3,696 | +€3,696 | |
| Credit institutions | 430/8 | - | €3,696 | +€3,696 | |
| Trade debts | 44 | €24,217 | €20,662 | -€3,555 | -14.7% |
| Suppliers | 440/4 | €24,217 | €20,662 | -€3,555 | -14.7% |
| Taxes, remuneration and social security | 45 | €93,712 | €39,645 | -€54,067 | -57.7% |
| Taxes | 450/3 | €93,712 | €39,645 | -€54,067 | -57.7% |
| Other amounts payable | 47/48 | €130,143 | €10,051 | -€120,092 | -92.3% |
| Accrued charges and deferred income | 492/3 | €984 | €984 | = | 0.0% |
| Non-recurring operating income | 76A | - | €13,681 | +€13,681 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,654 | €1,847 | -€1,807 | -49.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€12,990 | -€4,562 | +€8,428 | +64.9% |
| Other operating charges | 640/8 | €1,394 | €519 | -€875 | -62.7% |
| Gross operating margin | 9900 | €194,480 | €206,115 | +€11,634 | +6.0% |
| Operating profit (loss) | 9901 | €202,422 | €208,310 | +€5,888 | +2.9% |
| Financial income | 75/76B | €1 | €8 | +€8 | +1200.0% |
| Recurring financial income | 75 | €1 | €8 | +€8 | +1200.0% |
| Financial charges | 65/66B | €1,467 | €1,432 | -€35 | -2.4% |
| Recurring financial charges | 65 | €1,467 | €1,432 | -€35 | -2.4% |
| Profit (loss) for the period before taxes | 9903 | €200,956 | €206,886 | +€5,930 | +3.0% |
| Income taxes | 67/77 | €50,837 | €49,815 | -€1,022 | -2.0% |
| Profit (loss) for the period | 9904 | €150,119 | €157,071 | +€6,953 | +4.6% |
| Profit (loss) for the period to be appropriated | 9905 | €150,119 | €157,071 | +€6,953 | +4.6% |
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 11 October 2026 via checked.be.