TRUSTSCAPE: 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.
TRUSTSCAPE
Largest movements
- Cash +€51,071
up €51,071 (+23.5%), from €217,156 to €268,228
mainly Other debts (+€183,854) and Net result for the year (+€127,843)
- Receivables within one year +€24,965
up €24,965 (+247.5%), from €10,085 to €35,050
of which Trade receivables: +€23,192
- Other debts +€183,854
new in 2025: €183,854
- Reserves -€112,157
down €112,157 (-60.8%), from €184,542 to €72,385
- Gross operating margin +€95,521
up €95,521 (+131.4%), from €72,696 to €168,217
- Taxes +€22,328
up €22,328 (+152.4%), from €14,650 to €36,978
- Financial income -€2,444
down €2,444 (-99.8%), from €2,449 to €5
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 | €229,732 | €304,985 | +€75,253 | +32.8% |
| Fixed assets | 21/28 | €718 | €78 | -€640 | -89.1% |
| Tangible fixed assets | 22/27 | €718 | €78 | -€640 | -89.1% |
| Plant, machinery and equipment | 23 | €384 | €78 | -€306 | -79.7% |
| Furniture and vehicles | 24 | €335 | €0 | -€335 | -100.0% |
| Current assets | 29/58 | €229,014 | €304,907 | +€75,894 | +33.1% |
| Amounts receivable within one year | 40/41 | €10,085 | €35,050 | +€24,965 | +247.5% |
| Trade receivables | 40 | €10,000 | €33,192 | +€23,192 | +231.9% |
| Other amounts receivable | 41 | €85 | €1,858 | +€1,773 | +2089.0% |
| Cash at bank and in hand | 54/58 | €217,156 | €268,228 | +€51,071 | +23.5% |
| Deferred charges and accrued income | 490/1 | €1,772 | €1,630 | -€143 | -8.1% |
| Total equity and liabilities | 10/49 | €229,732 | €304,985 | +€75,253 | +32.8% |
| Equity | 10/15 | €209,542 | €97,385 | -€112,157 | -53.5% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €184,542 | €72,385 | -€112,157 | -60.8% |
| Distributable reserves | 133 | €184,542 | €72,385 | -€112,157 | -60.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €20,190 | €207,600 | +€187,410 | +928.2% |
| Amounts payable within one year | 42/48 | €20,190 | €207,492 | +€187,302 | +927.7% |
| Financial debts | 43 | €146 | €507 | +€361 | +247.1% |
| Credit institutions | 430/8 | €146 | €507 | +€361 | +247.1% |
| Trade debts | 44 | €1,845 | €2,285 | +€440 | +23.9% |
| Suppliers | 440/4 | €1,845 | €2,285 | +€440 | +23.9% |
| Taxes, remuneration and social security | 45 | €18,199 | €20,846 | +€2,647 | +14.5% |
| Taxes | 450/3 | €18,199 | €20,846 | +€2,647 | +14.5% |
| Other amounts payable | 47/48 | - | €183,854 | +€183,854 | |
| Accrued charges and deferred income | 492/3 | - | €107 | +€107 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €749 | €640 | -€108 | -14.5% |
| Other operating charges | 640/8 | €1,114 | €465 | -€648 | -58.2% |
| Gross operating margin | 9900 | €72,696 | €168,217 | +€95,521 | +131.4% |
| Operating profit (loss) | 9901 | €70,833 | €167,111 | +€96,278 | +135.9% |
| Financial income | 75/76B | €2,449 | €5 | -€2,444 | -99.8% |
| Recurring financial income | 75 | €2,449 | €5 | -€2,444 | -99.8% |
| Financial charges | 65/66B | €2,487 | €2,296 | -€192 | -7.7% |
| Recurring financial charges | 65 | €2,487 | €2,296 | -€192 | -7.7% |
| Profit (loss) for the period before taxes | 9903 | €70,795 | €164,820 | +€94,025 | +132.8% |
| Income taxes | 67/77 | €14,650 | €36,978 | +€22,328 | +152.4% |
| Profit (loss) for the period | 9904 | €56,145 | €127,843 | +€71,698 | +127.7% |
| Profit (loss) for the period to be appropriated | 9905 | €56,145 | €127,843 | +€71,698 | +127.7% |
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 4 October 2026 via checked.be.