TRUYERS GUY: 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 GUY
Largest movements
- Stocks and contracts +€641,300
up €641,300 (+56.6%), from €1.1m to €1.8m
- Receivables within one year -€111,188
down €111,188 (-32.1%), from €346,328 to €235,141
of which Trade receivables: -€85,565
- Tangible fixed assets +€83,628
up €83,628 (+4.0%), from €2.1m to €2.2m
of which Furniture and vehicles: +€88,450
- Short-term financial debts +€401,183
up €401,183 (+120%), from €335,546 to €736,729
- Reserves +€242,384
up €242,384 (+42.4%), from €571,273 to €813,657
- Debts after one year -€119,772
down €119,772 (-6.7%), from €1.8m to €1.7m
of which Other amounts payable: -€62,223
- Trade debts +€55,285
up €55,285 (+9.7%), from €569,956 to €625,241
- Gross operating margin +€198,445
up €198,445 (+53.6%), from €370,480 to €568,925
- Taxes +€84,519
up €84,519 (+349%), from €24,221 to €108,740
- Depreciation -€63,155
down €63,155 (-41.7%), from €151,429 to €88,273
- Financial charges +€31,786
up €31,786 (+36.7%), from €86,584 to €118,370
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 | €3,604,944 | €4,193,009 | +€588,065 | +16.3% |
| Fixed assets | 21/28 | €2,073,332 | €2,154,722 | +€81,390 | +3.9% |
| Intangible fixed assets | 21 | €2,238 | €0 | -€2,238 | -100% |
| Tangible fixed assets | 22/27 | €2,071,094 | €2,154,722 | +€83,628 | +4.0% |
| Land and buildings | 22 | €1,925,610 | €1,934,836 | +€9,226 | +0.5% |
| Plant, machinery and equipment | 23 | €52,287 | €38,239 | -€14,048 | -26.9% |
| Furniture and vehicles | 24 | €93,197 | €181,648 | +€88,450 | +94.9% |
| Current assets | 29/58 | €1,531,612 | €2,038,287 | +€506,675 | +33.1% |
| Stocks and contracts in progress | 3 | €1,133,400 | €1,774,700 | +€641,300 | +56.6% |
| Stocks | 30/36 | €1,133,400 | €1,774,700 | +€641,300 | +56.6% |
| Amounts receivable within one year | 40/41 | €346,328 | €235,141 | -€111,188 | -32.1% |
| Trade receivables | 40 | €313,879 | €228,314 | -€85,565 | -27.3% |
| Other amounts receivable | 41 | €32,449 | €6,827 | -€25,622 | -79.0% |
| Cash at bank and in hand | 54/58 | €21,844 | €8,740 | -€13,104 | -60.0% |
| Deferred charges and accrued income | 490/1 | €30,040 | €19,706 | -€10,334 | -34.4% |
| Total equity and liabilities | 10/49 | €3,604,944 | €4,193,009 | +€588,065 | +16.3% |
| Equity | 10/15 | €706,273 | €948,657 | +€242,384 | +34.3% |
| Contributions | 10/11 | €135,000 | €135,000 | = | 0.0% |
| Reserves | 13 | €571,273 | €813,657 | +€242,384 | +42.4% |
| Distributable reserves | 133 | €571,273 | €813,657 | +€242,384 | +42.4% |
| Amounts payable | 17/49 | €2,898,671 | €3,244,353 | +€345,681 | +11.9% |
| Amounts payable after more than one year | 17 | €1,791,801 | €1,672,030 | -€119,772 | -6.7% |
| Financial debts | 170/4 | €1,409,151 | €1,351,603 | -€57,548 | -4.1% |
| Other amounts payable | 178/9 | €382,650 | €320,427 | -€62,223 | -16.3% |
| Amounts payable within one year | 42/48 | €1,076,110 | €1,541,194 | +€465,084 | +43.2% |
| Current portion of amounts payable after more than one year | 42 | €148,003 | €165,424 | +€17,421 | +11.8% |
| Financial debts | 43 | €335,546 | €736,729 | +€401,183 | +120% |
| Credit institutions | 430/8 | €335,546 | €736,729 | +€401,183 | +120% |
| Trade debts | 44 | €569,956 | €625,241 | +€55,285 | +9.7% |
| Suppliers | 440/4 | €569,956 | €625,241 | +€55,285 | +9.7% |
| Taxes, remuneration and social security | 45 | €22,605 | €13,801 | -€8,804 | -38.9% |
| Taxes | 450/3 | €22,605 | €9,801 | -€12,804 | -56.6% |
| Remuneration and social security | 454/9 | - | €4,000 | +€4,000 | |
| Accrued charges and deferred income | 492/3 | €30,760 | €31,128 | +€368 | +1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €151,429 | €88,273 | -€63,155 | -41.7% |
| Other operating charges | 640/8 | €16,607 | €11,159 | -€5,448 | -32.8% |
| Gross operating margin | 9900 | €370,480 | €568,925 | +€198,445 | +53.6% |
| Operating profit (loss) | 9901 | €202,444 | €469,493 | +€267,049 | +132% |
| Financial income | 75/76B | €7 | - | -€7 | |
| Recurring financial income | 75 | €7 | - | -€7 | |
| Financial charges | 65/66B | €86,584 | €118,370 | +€31,786 | +36.7% |
| Recurring financial charges | 65 | €86,584 | €118,370 | +€31,786 | +36.7% |
| Profit (loss) for the period before taxes | 9903 | €115,867 | €351,123 | +€235,256 | +203% |
| Income taxes | 67/77 | €24,221 | €108,740 | +€84,519 | +349% |
| Profit (loss) for the period | 9904 | €91,646 | €242,384 | +€150,738 | +164% |
| Profit (loss) for the period to be appropriated | 9905 | €91,646 | €242,384 | +€150,738 | +164% |
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 23 October 2026 via checked.be.