Trustpunt: 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.
Trustpunt
Largest movements
- Tangible fixed assets -€7,588
down €7,588 (-4.3%), from €174,997 to €167,409
of which Land and buildings: -€8,735
- Cash +€1,990
up €1,990 (+15.1%), from €13,141 to €15,130
mainly Depreciation (+€10,696) and Net result for the year (+€2,866)
- Debts after one year -€8,444
down €8,444 (-5.5%), from €152,450 to €144,006
- Reserves +€2,866
up €2,866 (+32.8%), from €8,736 to €11,602
- Gross operating margin +€4,636
up €4,636 (+29.1%), from €15,909 to €20,544
- Other operating charges +€2,056
up €2,056 (+1,561%), from €132 to €2,188
- Taxes +€940
up €940 (+148%), from €635 to €1,575
- Depreciation +€421
up €421 (+4.1%), from €10,275 to €10,696
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 | €192,869 | €187,781 | -€5,088 | -2.6% |
| Fixed assets | 21/28 | €174,997 | €167,409 | -€7,588 | -4.3% |
| Tangible fixed assets | 22/27 | €174,997 | €167,409 | -€7,588 | -4.3% |
| Land and buildings | 22 | €169,043 | €160,308 | -€8,735 | -5.2% |
| Plant, machinery and equipment | 23 | €4,051 | €2,587 | -€1,464 | -36.1% |
| Furniture and vehicles | 24 | €1,903 | €4,514 | +€2,611 | +137% |
| Current assets | 29/58 | €17,872 | €20,372 | +€2,500 | +14.0% |
| Amounts receivable within one year | 40/41 | €4,731 | €5,242 | +€511 | +10.8% |
| Trade receivables | 40 | €4,731 | €5,242 | +€511 | +10.8% |
| Cash at bank and in hand | 54/58 | €13,141 | €15,130 | +€1,990 | +15.1% |
| Total equity and liabilities | 10/49 | €192,869 | €187,781 | -€5,088 | -2.6% |
| Equity | 10/15 | €18,736 | €21,602 | +€2,866 | +15.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €8,736 | €11,602 | +€2,866 | +32.8% |
| Distributable reserves | 133 | €8,736 | €11,602 | +€2,866 | +32.8% |
| Amounts payable | 17/49 | €174,133 | €166,179 | -€7,954 | -4.6% |
| Amounts payable after more than one year | 17 | €152,450 | €144,006 | -€8,444 | -5.5% |
| Financial debts | 170/4 | €152,450 | €144,006 | -€8,444 | -5.5% |
| Amounts payable within one year | 42/48 | €21,683 | €22,173 | +€490 | +2.3% |
| Current portion of amounts payable after more than one year | 42 | €8,289 | €8,444 | +€155 | +1.9% |
| Trade debts | 44 | €1,950 | €1,251 | -€699 | -35.9% |
| Suppliers | 440/4 | €1,950 | €1,251 | -€699 | -35.9% |
| Taxes, remuneration and social security | 45 | €1,396 | €2,337 | +€940 | +67.4% |
| Taxes | 450/3 | €1,396 | €2,337 | +€940 | +67.4% |
| Other amounts payable | 47/48 | €10,048 | €10,142 | +€94 | +0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,275 | €10,696 | +€421 | +4.1% |
| Other operating charges | 640/8 | €132 | €2,188 | +€2,056 | +1,561% |
| Gross operating margin | 9900 | €15,909 | €20,544 | +€4,636 | +29.1% |
| Operating profit (loss) | 9901 | €5,502 | €7,661 | +€2,159 | +39.2% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €3,370 | €3,220 | -€150 | -4.5% |
| Recurring financial charges | 65 | €3,370 | €3,220 | -€150 | -4.5% |
| Profit (loss) for the period before taxes | 9903 | €2,131 | €4,441 | +€2,310 | +108% |
| Income taxes | 67/77 | €635 | €1,575 | +€940 | +148% |
| Profit (loss) for the period | 9904 | €1,497 | €2,866 | +€1,369 | +91.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,497 | €2,866 | +€1,369 | +91.5% |
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 17 October 2026 via checked.be.