Truverke: 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.
Truverke
Largest movements
- Cash +€114,744
up €114,744 (+67.6%), from €169,699 to €284,443
mainly Net result for the year (+€401,079) and Short-term financial debts (+€50,052)
- Receivables within one year +€93,261
up €93,261 (+7,682%), from €1,214 to €94,475
of which Trade receivables: +€92,628
- Tangible fixed assets -€41,806
down €41,806 (-5.4%), from €780,078 to €738,272
of which Land and buildings: -€56,776
- Reserves +€125,957
up €125,957 (+9.2%), from €1.4m to €1.5m
- Debts after one year -€52,965
down €52,965 (-18.6%), from €284,332 to €231,367
- Short-term financial debts +€50,052
up €50,052 (+295%), from €16,973 to €67,025
- Tax, wage and social debts +€30,551
up €30,551 (+21.9%), from €139,484 to €170,035
- Gross operating margin +€170,343
up €170,343 (+37.3%), from €456,592 to €626,935
- Taxes +€73,378
up €73,378 (+70.7%), from €103,761 to €177,139
- Financial income -€10,100
down €10,100 (-52.5%), from €19,222 to €9,122
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 | €1,999,888 | €2,172,982 | +€173,094 | +8.7% |
| Fixed assets | 21/28 | €780,123 | €738,272 | -€41,851 | -5.4% |
| Tangible fixed assets | 22/27 | €780,078 | €738,272 | -€41,806 | -5.4% |
| Land and buildings | 22 | €761,098 | €704,322 | -€56,776 | -7.5% |
| Plant, machinery and equipment | 23 | €5,071 | €10,471 | +€5,400 | +106% |
| Furniture and vehicles | 24 | €13,909 | €23,479 | +€9,570 | +68.8% |
| Financial fixed assets | 28 | €45 | - | -€45 | |
| Current assets | 29/58 | €1,219,765 | €1,434,710 | +€214,945 | +17.6% |
| Amounts receivable within one year | 40/41 | €1,214 | €94,475 | +€93,261 | +7,682% |
| Trade receivables | 40 | €1,200 | €93,828 | +€92,628 | +7,719% |
| Other amounts receivable | 41 | €14 | €647 | +€633 | +4,521% |
| Current investments | 50/53 | €1,039,415 | €1,052,254 | +€12,839 | +1.2% |
| Cash at bank and in hand | 54/58 | €169,699 | €284,443 | +€114,744 | +67.6% |
| Deferred charges and accrued income | 490/1 | €9,437 | €3,538 | -€5,899 | -62.5% |
| Total equity and liabilities | 10/49 | €1,999,888 | €2,172,982 | +€173,094 | +8.7% |
| Equity | 10/15 | €1,393,127 | €1,519,084 | +€125,957 | +9.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,374,527 | €1,500,484 | +€125,957 | +9.2% |
| Distributable reserves | 133 | €1,374,527 | €1,500,484 | +€125,957 | +9.2% |
| Amounts payable | 17/49 | €606,761 | €653,898 | +€47,137 | +7.8% |
| Amounts payable after more than one year | 17 | €284,332 | €231,367 | -€52,965 | -18.6% |
| Financial debts | 170/4 | €284,332 | €231,367 | -€52,965 | -18.6% |
| Amounts payable within one year | 42/48 | €316,707 | €415,771 | +€99,064 | +31.3% |
| Current portion of amounts payable after more than one year | 42 | €52,666 | €53,151 | +€485 | +0.9% |
| Financial debts | 43 | €16,973 | €67,025 | +€50,052 | +295% |
| Credit institutions | 430/8 | €16,973 | €67,025 | +€50,052 | +295% |
| Trade debts | 44 | €2,207 | €9,739 | +€7,532 | +341% |
| Suppliers | 440/4 | €2,207 | €9,739 | +€7,532 | +341% |
| Taxes, remuneration and social security | 45 | €139,484 | €170,035 | +€30,551 | +21.9% |
| Taxes | 450/3 | €139,484 | €170,035 | +€30,551 | +21.9% |
| Other amounts payable | 47/48 | €105,377 | €115,821 | +€10,444 | +9.9% |
| Accrued charges and deferred income | 492/3 | €5,722 | €6,760 | +€1,038 | +18.1% |
| Non-recurring operating income | 76A | €2,008 | - | -€2,008 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,114 | €41,308 | -€806 | -1.9% |
| Other operating charges | 640/8 | €5,797 | €7,903 | +€2,106 | +36.3% |
| Gross operating margin | 9900 | €456,592 | €626,935 | +€170,343 | +37.3% |
| Operating profit (loss) | 9901 | €408,681 | €577,724 | +€169,043 | +41.4% |
| Financial income | 75/76B | €19,222 | €9,122 | -€10,100 | -52.5% |
| Recurring financial income | 75 | €19,222 | €9,122 | -€10,100 | -52.5% |
| Financial charges | 65/66B | €11,306 | €8,628 | -€2,678 | -23.7% |
| Recurring financial charges | 65 | €11,306 | €8,628 | -€2,678 | -23.7% |
| Profit (loss) for the period before taxes | 9903 | €416,597 | €578,218 | +€161,621 | +38.8% |
| Income taxes | 67/77 | €103,761 | €177,139 | +€73,378 | +70.7% |
| Profit (loss) for the period | 9904 | €312,836 | €401,079 | +€88,243 | +28.2% |
| Profit (loss) for the period to be appropriated | 9905 | €312,836 | €401,079 | +€88,243 | +28.2% |
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 26 October 2026 via checked.be.