TRUYENS: 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.
TRUYENS
Largest movements
- Tangible fixed assets -€311,714
down €311,714 (-16.5%), from €1.9m to €1.6m
of which Leasing and similar rights: -€535,712
- Cash +€70,995
up €70,995 (+49.4%), from €143,618 to €214,613
mainly Depreciation (+€746,427) and Other debts (+€85,032)
- Receivables within one year +€29,036
up €29,036 (+7.0%), from €415,195 to €444,231
of which Trade receivables: +€32,540
- Debts after one year -€183,270
down €183,270 (-22.0%), from €834,597 to €651,326
- Other debts +€85,032
up €85,032 (+2,529%), from €3,363 to €88,395
- Reserves -€77,318
down €77,318 (-9.1%), from €852,834 to €775,516
of which Distributable reserves: -€77,318
- Trade debts -€39,985
down €39,985 (-35.5%), from €112,658 to €72,673
- Current portion of long-term debt -€31,071
down €31,071 (-5.3%), from €583,440 to €552,369
- Gross operating margin +€141,491
up €141,491 (+13.9%), from €1.0m to €1.2m
- Staff costs +€104,898
up €104,898 (+41.8%), from €250,942 to €355,840
- Depreciation +€35,923
up €35,923 (+5.1%), from €710,504 to €746,427
- Financial income +€16,346
up €16,346 (+6,362%), from €257 to €16,603
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 | €2,459,984 | €2,240,626 | -€219,358 | -8.9% |
| Fixed assets | 21/28 | €1,885,832 | €1,574,548 | -€311,284 | -16.5% |
| Tangible fixed assets | 22/27 | €1,884,752 | €1,573,038 | -€311,714 | -16.5% |
| Plant, machinery and equipment | 23 | €50,801 | €35,585 | -€15,216 | -30.0% |
| Furniture and vehicles | 24 | €554,107 | €793,321 | +€239,214 | +43.2% |
| Leasing and similar rights | 25 | €1,279,843 | €744,131 | -€535,712 | -41.9% |
| Financial fixed assets | 28 | €1,080 | €1,510 | +€430 | +39.8% |
| Current assets | 29/58 | €574,152 | €666,078 | +€91,926 | +16.0% |
| Amounts receivable within one year | 40/41 | €415,195 | €444,231 | +€29,036 | +7.0% |
| Trade receivables | 40 | €406,499 | €439,039 | +€32,540 | +8.0% |
| Other amounts receivable | 41 | €8,696 | €5,191 | -€3,504 | -40.3% |
| Cash at bank and in hand | 54/58 | €143,618 | €214,613 | +€70,995 | +49.4% |
| Deferred charges and accrued income | 490/1 | €15,340 | €7,235 | -€8,105 | -52.8% |
| Total equity and liabilities | 10/49 | €2,459,984 | €2,240,626 | -€219,358 | -8.9% |
| Equity | 10/15 | €852,834 | €775,516 | -€77,318 | -9.1% |
| Reserves | 13 | €852,834 | €775,516 | -€77,318 | -9.1% |
| Tax-exempt reserves | 132 | €37,500 | €37,500 | = | 0.0% |
| Distributable reserves | 133 | €815,334 | €738,016 | -€77,318 | -9.5% |
| Amounts payable | 17/49 | €1,607,150 | €1,465,110 | -€142,040 | -8.8% |
| Amounts payable after more than one year | 17 | €834,597 | €651,326 | -€183,270 | -22.0% |
| Financial debts | 170/4 | €834,597 | €651,326 | -€183,270 | -22.0% |
| Amounts payable within one year | 42/48 | €772,554 | €813,784 | +€41,230 | +5.3% |
| Current portion of amounts payable after more than one year | 42 | €583,440 | €552,369 | -€31,071 | -5.3% |
| Trade debts | 44 | €112,658 | €72,673 | -€39,985 | -35.5% |
| Suppliers | 440/4 | €112,658 | €72,673 | -€39,985 | -35.5% |
| Advances received on contracts in progress | 46 | - | €168 | +€168 | |
| Taxes, remuneration and social security | 45 | €73,093 | €100,179 | +€27,086 | +37.1% |
| Taxes | 450/3 | €12,378 | €22,196 | +€9,818 | +79.3% |
| Remuneration and social security | 454/9 | €60,715 | €77,982 | +€17,268 | +28.4% |
| Other amounts payable | 47/48 | €3,363 | €88,395 | +€85,032 | +2,529% |
| Non-recurring operating income | 76A | €236,972 | - | -€236,972 | |
| Remuneration, social security and pensions | 62 | €250,942 | €355,840 | +€104,898 | +41.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €710,504 | €746,427 | +€35,923 | +5.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €802 | +€802 | |
| Other operating charges | 640/8 | €9,116 | €10,566 | +€1,450 | +15.9% |
| Non-recurring operating charges | 66A | €3,112 | €9,393 | +€6,281 | +202% |
| Gross operating margin | 9900 | €1,014,275 | €1,155,766 | +€141,491 | +13.9% |
| Operating profit (loss) | 9901 | €40,601 | €32,739 | -€7,862 | -19.4% |
| Financial income | 75/76B | €257 | €16,603 | +€16,346 | +6,362% |
| Recurring financial income | 75 | €257 | €16,603 | +€16,346 | +6,362% |
| Financial charges | 65/66B | €24,846 | €31,013 | +€6,168 | +24.8% |
| Recurring financial charges | 65 | €24,846 | €31,013 | +€6,168 | +24.8% |
| Profit (loss) for the period before taxes | 9903 | €16,012 | €18,328 | +€2,316 | +14.5% |
| Income taxes | 67/77 | €1,304 | €4,809 | +€3,504 | +269% |
| Profit (loss) for the period | 9904 | €14,708 | €13,520 | -€1,188 | -8.1% |
| Profit (loss) for the period to be appropriated | 9905 | €14,708 | €13,520 | -€1,188 | -8.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.