TRUSTY: 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.
TRUSTY
Largest movements
- Cash -€3,023
down €3,023 (-22.3%), from €13,584 to €10,561
mainly Net result for the year (-€3,008) and Investment in fixed assets (net) (-€925)
- Receivables within one year +€818
up €818 (+39.4%), from €2,074 to €2,893
of which Other amounts receivable: +€1,090
- Stocks and contracts +€571
up €571 (+8.1%), from €7,034 to €7,605
- Tangible fixed assets +€504
up €504 (+170.5%), from €296 to €800
of which Furniture and vehicles: +€664
- Deferred charges and accrued income -€425
down €425 (-100.0%), from €425 to €0
- Profit (loss) carried forward -€3,008
down €3,008 (-10.6%), from -€28,493 to -€31,501
- Trade debts +€862
up €862 (+119.7%), from €720 to €1,583
- Other debts +€591
up €591 (+3.0%), from €19,486 to €20,077
- Gross operating margin -€12,962
down €12,962 (-96.5%), from €13,435 to €473
- Depreciation -€3,901
down €3,901 (-90.3%), from €4,321 to €421
- Taxes -€328
no longer reported in 2025 (was €328)
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 | €23,713 | €22,159 | -€1,555 | -6.6% |
| Fixed assets | 21/28 | €596 | €1,100 | +€504 | +84.6% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €296 | €800 | +€504 | +170.5% |
| Land and buildings | 22 | €0 | €0 | = | |
| Plant, machinery and equipment | 23 | €296 | €136 | -€160 | -54.0% |
| Furniture and vehicles | 24 | €0 | €664 | +€664 | |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €23,118 | €21,059 | -€2,059 | -8.9% |
| Stocks and contracts in progress | 3 | €7,034 | €7,605 | +€571 | +8.1% |
| Stocks | 30/36 | €7,034 | €7,605 | +€571 | +8.1% |
| Amounts receivable within one year | 40/41 | €2,074 | €2,893 | +€818 | +39.4% |
| Trade receivables | 40 | €1,455 | €1,183 | -€272 | -18.7% |
| Other amounts receivable | 41 | €619 | €1,709 | +€1,090 | +176.0% |
| Cash at bank and in hand | 54/58 | €13,584 | €10,561 | -€3,023 | -22.3% |
| Deferred charges and accrued income | 490/1 | €425 | €0 | -€425 | -100.0% |
| Total equity and liabilities | 10/49 | €23,713 | €22,159 | -€1,555 | -6.6% |
| Equity | 10/15 | €3,507 | €499 | -€3,008 | -85.8% |
| Contributions | 10/11 | €32,000 | €32,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€28,493 | -€31,501 | -€3,008 | -10.6% |
| Amounts payable | 17/49 | €20,206 | €21,659 | +€1,453 | +7.2% |
| Amounts payable within one year | 42/48 | €20,206 | €21,659 | +€1,453 | +7.2% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €720 | €1,583 | +€862 | +119.7% |
| Suppliers | 440/4 | €720 | €1,583 | +€862 | +119.7% |
| Taxes, remuneration and social security | 45 | €0 | €0 | = | |
| Taxes | 450/3 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €19,486 | €20,077 | +€591 | +3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,321 | €421 | -€3,901 | -90.3% |
| Other operating charges | 640/8 | €2,473 | €2,570 | +€96 | +3.9% |
| Gross operating margin | 9900 | €13,435 | €473 | -€12,962 | -96.5% |
| Operating profit (loss) | 9901 | €6,640 | -€2,518 | -€9,158 | |
| Financial charges | 65/66B | €507 | €490 | -€17 | -3.3% |
| Recurring financial charges | 65 | €507 | €490 | -€17 | -3.3% |
| Profit (loss) for the period before taxes | 9903 | €6,134 | -€3,008 | -€9,141 | |
| Income taxes | 67/77 | €328 | - | -€328 | |
| Profit (loss) for the period | 9904 | €5,806 | -€3,008 | -€8,813 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,806 | -€3,008 | -€8,813 |
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 3 October 2026 via checked.be.