Truweel: 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.
What changed
Truweel
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€3,715
2024 · -€6,898+€3,184
Equity
€217,003
2024 · €220,718-€3,715
Cash
€14,895
2024 · €21,439-€6,544
Balance sheet total
€994,492
2024 · €1.0m-€12,709
Largest movements
Assets
- Tangible fixed assets -€15,633
down €15,633 (-5.7%), from €274,484 to €258,851
Equity and liabilities
- Debts after one year -€19,140
down €19,140 (-2.8%), from €686,677 to €667,537
Income statement
- Gross operating margin +€2,918
up €2,918 (+8.3%), from €35,347 to €38,265
- Financial charges -€773
down €773 (-3.3%), from €23,244 to €22,471
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.
Result 2024
-€6,898
Gross operating margin
+€2,918
Other operating charges
-€171
Financial income
-€337
Financial charges
+€773
Result 2025
-€3,715
raises the resultlowers the result
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.
From operations
+€12,132
Investment
€0
Financing
-€18,676
Cash 2024
€21,439
From operations (derived)
+€12,132
Net result for the year
-€3,715
Depreciation
+€15,633
Receivables within one year
-€9,468
Provisions
-€421
Trade debts
+€4,287
Other debts
+€5,815
Financing
-€18,676
Debts after one year
-€19,140
Current portion of long-term debt
+€464
Cash 2025
€14,895
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,007,202 | €994,492 | -€12,709 | -1.3% |
| Fixed assets | 21/28 | €948,470 | €932,836 | -€15,633 | -1.6% |
| Tangible fixed assets | 22/27 | €274,484 | €258,851 | -€15,633 | -5.7% |
| Land and buildings | 22 | €274,484 | €258,851 | -€15,633 | -5.7% |
| Financial fixed assets | 28 | €673,985 | €673,985 | = | 0.0% |
| Current assets | 29/58 | €58,732 | €61,656 | +€2,924 | +5.0% |
| Amounts receivable within one year | 40/41 | €37,294 | €46,761 | +€9,468 | +25.4% |
| Other amounts receivable | 41 | €37,294 | €46,761 | +€9,468 | +25.4% |
| Cash at bank and in hand | 54/58 | €21,439 | €14,895 | -€6,544 | -30.5% |
| Total equity and liabilities | 10/49 | €1,007,202 | €994,492 | -€12,709 | -1.3% |
| Equity | 10/15 | €220,718 | €217,003 | -€3,715 | -1.7% |
| Contributions | 10/11 | €436,800 | €436,800 | = | 0.0% |
| Reserves | 13 | €9,083 | €8,452 | -€631 | -6.9% |
| Non-distributable reserves | 130/1 | €37 | €37 | = | 0.0% |
| Reserves not available under the articles | 1311 | €37 | €37 | = | 0.0% |
| Tax-exempt reserves | 132 | €9,046 | €8,415 | -€631 | -7.0% |
| Profit (loss) carried forward | 14 | -€225,165 | -€228,249 | -€3,084 | -1.4% |
| Provisions and deferred taxes | 16 | €6,031 | €5,610 | -€421 | -7.0% |
| Deferred taxes | 168 | €6,031 | €5,610 | -€421 | -7.0% |
| Amounts payable | 17/49 | €780,453 | €771,879 | -€8,574 | -1.1% |
| Amounts payable after more than one year | 17 | €686,677 | €667,537 | -€19,140 | -2.8% |
| Financial debts | 170/4 | €686,677 | €667,537 | -€19,140 | -2.8% |
| Amounts payable within one year | 42/48 | €93,776 | €104,343 | +€10,566 | +11.3% |
| Current portion of amounts payable after more than one year | 42 | €11,418 | €11,882 | +€464 | +4.1% |
| Trade debts | 44 | €7,260 | €11,547 | +€4,287 | +59.1% |
| Suppliers | 440/4 | €7,260 | €11,547 | +€4,287 | +59.1% |
| Advances received on contracts in progress | 46 | €3,250 | €3,250 | = | 0.0% |
| Other amounts payable | 47/48 | €71,848 | €77,664 | +€5,815 | +8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,633 | €15,633 | = | 0.0% |
| Other operating charges | 640/8 | €5,705 | €5,876 | +€171 | +3.0% |
| Gross operating margin | 9900 | €35,347 | €38,265 | +€2,918 | +8.3% |
| Operating profit (loss) | 9901 | €14,009 | €16,756 | +€2,747 | +19.6% |
| Financial income | 75/76B | €1,916 | €1,579 | -€337 | -17.6% |
| Recurring financial income | 75 | €1,916 | €1,579 | -€337 | -17.6% |
| Financial charges | 65/66B | €23,244 | €22,471 | -€773 | -3.3% |
| Recurring financial charges | 65 | €23,244 | €22,471 | -€773 | -3.3% |
| Profit (loss) for the period before taxes | 9903 | -€7,319 | -€4,136 | +€3,184 | +43.5% |
| Transfer from deferred taxes | 780 | €421 | €421 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€6,898 | -€3,715 | +€3,184 | +46.1% |
| Transfer from tax-exempt reserves | 789 | €631 | €631 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,267 | -€3,084 | +€3,184 | +50.8% |
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 15 October 2026 via checked.be.