TRUYERS: 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.
TRUYERS
Largest movements
- Tangible fixed assets +€62,471
up €62,471 (+31.5%), from €198,573 to €261,044
of which Land and buildings: +€163,801
- Receivables within one year +€45,928
up €45,928 (+6.1%), from €752,790 to €798,718
of which Trade receivables: +€37,872
- Cash -€29,041
down €29,041 (-32.2%), from €90,103 to €61,062
mainly Investment in fixed assets (net) (-€181,410) and Receivables within one year (-€45,928)
- Debts after one year +€73,547
up €73,547 (+132%), from €55,620 to €129,167
- Reserves +€63,971
up €63,971 (+12.6%), from €508,630 to €572,601
of which Distributable reserves: +€63,971
- Trade debts -€32,371
down €32,371 (-10.9%), from €297,641 to €265,269
- Current portion of long-term debt -€22,235
down €22,235 (-22.7%), from €98,132 to €75,897
- Tax, wage and social debts -€17,458
down €17,458 (-33.8%), from €51,715 to €34,257
of which Taxes: -€18,004
- Gross operating margin -€11,757
down €11,757 (-3.3%), from €353,613 to €341,856
- Taxes -€6,437
down €6,437 (-19.5%), from €33,010 to €26,574
- Staff costs +€4,729
up €4,729 (+4.3%), from €109,908 to €114,637
- Depreciation +€3,560
up €3,560 (+3.1%), from €115,379 to €118,940
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 | €1,180,556 | €1,262,969 | +€82,413 | +7.0% |
| Fixed assets | 21/28 | €198,573 | €261,044 | +€62,471 | +31.5% |
| Tangible fixed assets | 22/27 | €198,573 | €261,044 | +€62,471 | +31.5% |
| Land and buildings | 22 | €7,893 | €171,694 | +€163,801 | +2,075% |
| Plant, machinery and equipment | 23 | €61,676 | €40,941 | -€20,734 | -33.6% |
| Furniture and vehicles | 24 | €129,005 | €48,409 | -€80,596 | -62.5% |
| Current assets | 29/58 | €981,983 | €1,001,925 | +€19,942 | +2.0% |
| Stocks and contracts in progress | 3 | €127,107 | €133,704 | +€6,597 | +5.2% |
| Stocks | 30/36 | €127,107 | €133,704 | +€6,597 | +5.2% |
| Amounts receivable within one year | 40/41 | €752,790 | €798,718 | +€45,928 | +6.1% |
| Trade receivables | 40 | €640,293 | €678,165 | +€37,872 | +5.9% |
| Other amounts receivable | 41 | €112,497 | €120,553 | +€8,056 | +7.2% |
| Cash at bank and in hand | 54/58 | €90,103 | €61,062 | -€29,041 | -32.2% |
| Deferred charges and accrued income | 490/1 | €11,982 | €8,440 | -€3,543 | -29.6% |
| Total equity and liabilities | 10/49 | €1,180,556 | €1,262,969 | +€82,413 | +7.0% |
| Equity | 10/15 | €533,419 | €597,390 | +€63,971 | +12.0% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €508,630 | €572,601 | +€63,971 | +12.6% |
| Non-distributable reserves | 130/1 | €2,479 | €2,479 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,479 | €2,479 | = | 0.0% |
| Tax-exempt reserves | 132 | €11,222 | €11,222 | = | 0.0% |
| Distributable reserves | 133 | €494,929 | €558,900 | +€63,971 | +12.9% |
| Amounts payable | 17/49 | €647,137 | €665,579 | +€18,442 | +2.8% |
| Amounts payable after more than one year | 17 | €55,620 | €129,167 | +€73,547 | +132% |
| Financial debts | 170/4 | €55,620 | €129,167 | +€73,547 | +132% |
| Amounts payable within one year | 42/48 | €591,517 | €536,412 | -€55,105 | -9.3% |
| Current portion of amounts payable after more than one year | 42 | €98,132 | €75,897 | -€22,235 | -22.7% |
| Financial debts | 43 | €16 | €27 | +€11 | +66.0% |
| Credit institutions | 430/8 | €16 | €27 | +€11 | +66.0% |
| Trade debts | 44 | €297,641 | €265,269 | -€32,371 | -10.9% |
| Suppliers | 440/4 | €297,641 | €265,269 | -€32,371 | -10.9% |
| Advances received on contracts in progress | 46 | €144,014 | €160,962 | +€16,948 | +11.8% |
| Taxes, remuneration and social security | 45 | €51,715 | €34,257 | -€17,458 | -33.8% |
| Taxes | 450/3 | €44,578 | €26,574 | -€18,004 | -40.4% |
| Remuneration and social security | 454/9 | €7,137 | €7,683 | +€546 | +7.7% |
| Remuneration, social security and pensions | 62 | €109,908 | €114,637 | +€4,729 | +4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €115,379 | €118,940 | +€3,560 | +3.1% |
| Other operating charges | 640/8 | €10,589 | €10,782 | +€193 | +1.8% |
| Gross operating margin | 9900 | €353,613 | €341,856 | -€11,757 | -3.3% |
| Operating profit (loss) | 9901 | €117,737 | €97,498 | -€20,239 | -17.2% |
| Financial income | 75/76B | €7,013 | €8,739 | +€1,727 | +24.6% |
| Recurring financial income | 75 | €7,013 | €8,739 | +€1,727 | +24.6% |
| Financial charges | 65/66B | €12,238 | €15,692 | +€3,453 | +28.2% |
| Recurring financial charges | 65 | €12,238 | €15,692 | +€3,453 | +28.2% |
| Profit (loss) for the period before taxes | 9903 | €112,511 | €90,545 | -€21,966 | -19.5% |
| Income taxes | 67/77 | €33,010 | €26,574 | -€6,437 | -19.5% |
| Profit (loss) for the period | 9904 | €79,501 | €63,971 | -€15,529 | -19.5% |
| Profit (loss) for the period to be appropriated | 9905 | €79,501 | €63,971 | -€15,529 | -19.5% |
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 25 October 2026 via checked.be.