TRUSTKO: 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.
TRUSTKO
Largest movements
- Current investments +€260,000
new in 2025: €260,000
- Cash -€19,578
down €19,578 (-83.9%), from €23,333 to €3,755
mainly Current investments (-€260,000) and Other debts (-€1,519)
- Tangible fixed assets -€9,775
down €9,775 (-22.1%), from €44,319 to €34,543
- Reserves +€158,940
up €158,940 (+272.4%), from €58,350 to €217,290
- Tax, wage and social debts +€74,611
up €74,611 (+209.5%), from €35,607 to €110,219
- Gross operating margin +€157,637
up €157,637 (+187.2%), from €84,206 to €241,843
- Taxes +€52,616
up €52,616 (+239.9%), from €21,934 to €74,550
- Depreciation +€5,972
up €5,972 (+157.0%), from €3,803 to €9,775
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 | €95,481 | €327,534 | +€232,053 | +243.0% |
| Fixed assets | 21/28 | €44,319 | €34,543 | -€9,775 | -22.1% |
| Tangible fixed assets | 22/27 | €44,319 | €34,543 | -€9,775 | -22.1% |
| Furniture and vehicles | 24 | €44,319 | €34,543 | -€9,775 | -22.1% |
| Current assets | 29/58 | €51,163 | €292,991 | +€241,828 | +472.7% |
| Amounts receivable within one year | 40/41 | €27,830 | €29,235 | +€1,405 | +5.1% |
| Trade receivables | 40 | €27,830 | €29,235 | +€1,405 | +5.1% |
| Current investments | 50/53 | - | €260,000 | +€260,000 | |
| Cash at bank and in hand | 54/58 | €23,333 | €3,755 | -€19,578 | -83.9% |
| Total equity and liabilities | 10/49 | €95,481 | €327,534 | +€232,053 | +243.0% |
| Equity | 10/15 | €58,356 | €217,303 | +€158,947 | +272.4% |
| Reserves | 13 | €58,350 | €217,290 | +€158,940 | +272.4% |
| Distributable reserves | 133 | €58,350 | €217,290 | +€158,940 | +272.4% |
| Profit (loss) carried forward | 14 | €6 | €13 | +€7 | +128.6% |
| Amounts payable | 17/49 | €37,126 | €110,231 | +€73,106 | +196.9% |
| Amounts payable within one year | 42/48 | €37,126 | €110,231 | +€73,106 | +196.9% |
| Trade debts | 44 | - | €13 | +€13 | |
| Suppliers | 440/4 | - | €13 | +€13 | |
| Taxes, remuneration and social security | 45 | €35,607 | €110,219 | +€74,611 | +209.5% |
| Taxes | 450/3 | €35,607 | €110,219 | +€74,611 | +209.5% |
| Other amounts payable | 47/48 | €1,519 | - | -€1,519 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,803 | €9,775 | +€5,972 | +157.0% |
| Other operating charges | 640/8 | €113 | €311 | +€198 | +175.0% |
| Gross operating margin | 9900 | €84,206 | €241,843 | +€157,637 | +187.2% |
| Operating profit (loss) | 9901 | €80,290 | €231,757 | +€151,468 | +188.7% |
| Financial income | 75/76B | - | €1,797 | +€1,797 | |
| Recurring financial income | 75 | - | €1,797 | +€1,797 | |
| Financial charges | 65/66B | - | €58 | +€58 | |
| Recurring financial charges | 65 | - | €58 | +€58 | |
| Profit (loss) for the period before taxes | 9903 | €80,290 | €233,497 | +€153,208 | +190.8% |
| Income taxes | 67/77 | €21,934 | €74,550 | +€52,616 | +239.9% |
| Profit (loss) for the period | 9904 | €58,356 | €158,947 | +€100,592 | +172.4% |
| Profit (loss) for the period to be appropriated | 9905 | €58,356 | €158,947 | +€100,592 | +172.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.