TRUSTIVO: 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.
TRUSTIVO
Largest movements
- Cash +€91,211
up €91,211 (+38.5%), from €237,100 to €328,311
mainly Net result for the year (+€76,297) and Receivables within one year (+€11,119)
- Receivables within one year -€11,119
down €11,119 (-73.4%), from €15,141 to €4,022
of which Trade receivables: -€15,021
- Profit (loss) carried forward +€76,297
up €76,297 (+36.7%), from €208,158 to €284,456
- Gross operating margin +€9,876
up €9,876 (+11.1%), from €88,958 to €98,834
- Taxes +€2,270
up €2,270 (+11.1%), from €20,513 to €22,783
- Financial income +€1,969
up €1,969 (+639%), from €308 to €2,277
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 | €254,980 | €333,260 | +€78,280 | +30.7% |
| Fixed assets | 21/28 | €1,962 | €840 | -€1,122 | -57.2% |
| Tangible fixed assets | 22/27 | €1,962 | €840 | -€1,122 | -57.2% |
| Furniture and vehicles | 24 | €1,962 | €840 | -€1,122 | -57.2% |
| Current assets | 29/58 | €253,017 | €332,420 | +€79,403 | +31.4% |
| Amounts receivable within one year | 40/41 | €15,141 | €4,022 | -€11,119 | -73.4% |
| Trade receivables | 40 | €15,141 | €120 | -€15,021 | -99.2% |
| Other amounts receivable | 41 | - | €3,902 | +€3,902 | |
| Cash at bank and in hand | 54/58 | €237,100 | €328,311 | +€91,211 | +38.5% |
| Deferred charges and accrued income | 490/1 | €777 | €87 | -€690 | -88.9% |
| Total equity and liabilities | 10/49 | €254,980 | €333,260 | +€78,280 | +30.7% |
| Equity | 10/15 | €223,158 | €302,456 | +€79,297 | +35.5% |
| Contributions | 10/11 | - | €3,000 | +€3,000 | |
| Reserves | 13 | €15,000 | €15,000 | = | 0.0% |
| Distributable reserves | 133 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €208,158 | €284,456 | +€76,297 | +36.7% |
| Amounts payable | 17/49 | €31,821 | €30,804 | -€1,017 | -3.2% |
| Amounts payable within one year | 42/48 | €31,821 | €30,804 | -€1,017 | -3.2% |
| Trade debts | 44 | €1,048 | €204 | -€843 | -80.5% |
| Suppliers | 440/4 | €1,048 | €204 | -€843 | -80.5% |
| Taxes, remuneration and social security | 45 | €29,753 | €30,600 | +€847 | +2.8% |
| Taxes | 450/3 | €29,753 | €30,600 | +€847 | +2.8% |
| Other amounts payable | 47/48 | €1,021 | - | -€1,021 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €868 | €1,122 | +€254 | +29.2% |
| Other operating charges | 640/8 | €782 | - | -€782 | |
| Gross operating margin | 9900 | €88,958 | €98,834 | +€9,876 | +11.1% |
| Operating profit (loss) | 9901 | €87,308 | €97,712 | +€10,404 | +11.9% |
| Financial income | 75/76B | €308 | €2,277 | +€1,969 | +639% |
| Recurring financial income | 75 | €308 | €2,277 | +€1,969 | +639% |
| Financial charges | 65/66B | €177 | €909 | +€732 | +413% |
| Recurring financial charges | 65 | €177 | €909 | +€732 | +413% |
| Profit (loss) for the period before taxes | 9903 | €87,439 | €99,080 | +€11,642 | +13.3% |
| Income taxes | 67/77 | €20,513 | €22,783 | +€2,270 | +11.1% |
| Profit (loss) for the period | 9904 | €66,925 | €76,297 | +€9,372 | +14.0% |
| Profit (loss) for the period to be appropriated | 9905 | €66,925 | €76,297 | +€9,372 | +14.0% |
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 19 October 2026 via checked.be.