TRUTZEL: 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.
TRUTZEL
Largest movements
- Tangible fixed assets -€12,823
down €12,823 (-6.4%), from €199,993 to €187,170
- Cash +€5,895
up €5,895 (+46.2%), from €12,763 to €18,658
mainly Depreciation (+€15,823) and Trade debts (+€5,267)
- Intangible fixed assets -€3,000
no longer reported in 2024 (was €3,000)
- Debts after one year -€11,737
down €11,737 (-8.4%), from €140,060 to €128,323
- Profit (loss) carried forward -€6,429
down €6,429 (-5.7%), from -€113,432 to -€119,860
- Trade debts +€5,267
up €5,267 (+17.8%), from €29,668 to €34,935
- Gross operating margin +€28,705
up €28,705 (+101.8%), from €28,206 to €56,911
- Staff costs +€1,560
up €1,560 (+4.4%), from €35,398 to €36,958
- Depreciation -€1,205
down €1,205 (-7.1%), from €17,028 to €15,823
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €217,194 | €207,942 | -€9,252 | -4.3% |
| Fixed assets | 21/28 | €202,993 | €187,170 | -€15,823 | -7.8% |
| Intangible fixed assets | 21 | €3,000 | - | -€3,000 | |
| Tangible fixed assets | 22/27 | €199,993 | €187,170 | -€12,823 | -6.4% |
| Land and buildings | 22 | €199,993 | €187,170 | -€12,823 | -6.4% |
| Current assets | 29/58 | €14,201 | €20,772 | +€6,571 | +46.3% |
| Stocks and contracts in progress | 3 | €821 | €845 | +€24 | +3.0% |
| Stocks | 30/36 | €821 | €845 | +€24 | +3.0% |
| Amounts receivable within one year | 40/41 | €617 | €1,269 | +€651 | +105.5% |
| Trade receivables | 40 | €454 | €1,105 | +€651 | +143.4% |
| Other amounts receivable | 41 | €163 | €163 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €12,763 | €18,658 | +€5,895 | +46.2% |
| Total equity and liabilities | 10/49 | €217,194 | €207,942 | -€9,252 | -4.3% |
| Equity | 10/15 | -€92,972 | -€99,400 | -€6,429 | -6.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€113,432 | -€119,860 | -€6,429 | -5.7% |
| Amounts payable | 17/49 | €310,166 | €307,342 | -€2,823 | -0.9% |
| Amounts payable after more than one year | 17 | €140,060 | €128,323 | -€11,737 | -8.4% |
| Financial debts | 170/4 | €140,060 | €128,323 | -€11,737 | -8.4% |
| Amounts payable within one year | 42/48 | €170,105 | €179,019 | +€8,914 | +5.2% |
| Current portion of amounts payable after more than one year | 42 | €11,334 | €11,737 | +€403 | +3.6% |
| Trade debts | 44 | €29,668 | €34,935 | +€5,267 | +17.8% |
| Suppliers | 440/4 | €29,668 | €34,935 | +€5,267 | +17.8% |
| Taxes, remuneration and social security | 45 | €5,677 | €7,421 | +€1,744 | +30.7% |
| Taxes | 450/3 | €1,813 | €3,512 | +€1,698 | +93.7% |
| Remuneration and social security | 454/9 | €3,864 | €3,909 | +€45 | +1.2% |
| Other amounts payable | 47/48 | €123,427 | €124,927 | +€1,500 | +1.2% |
| Remuneration, social security and pensions | 62 | €35,398 | €36,958 | +€1,560 | +4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,028 | €15,823 | -€1,205 | -7.1% |
| Other operating charges | 640/8 | €4,569 | €4,521 | -€48 | -1.0% |
| Gross operating margin | 9900 | €28,206 | €56,911 | +€28,705 | +101.8% |
| Operating profit (loss) | 9901 | -€28,789 | -€390 | +€28,399 | +98.6% |
| Financial income | 75/76B | €40 | €104 | +€64 | +160.2% |
| Recurring financial income | 75 | €40 | €104 | +€64 | +160.2% |
| Financial charges | 65/66B | €6,221 | €6,143 | -€78 | -1.3% |
| Recurring financial charges | 65 | €6,221 | €6,143 | -€78 | -1.3% |
| Profit (loss) for the period before taxes | 9903 | -€34,970 | -€6,429 | +€28,541 | +81.6% |
| Profit (loss) for the period | 9904 | -€34,970 | -€6,429 | +€28,541 | +81.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€34,970 | -€6,429 | +€28,541 | +81.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.