TUST: 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.
TUST
Largest movements
- Financial fixed assets -€150,000
down €150,000 (-20.0%), from €750,000 to €600,000
- Receivables within one year -€127,073
down €127,073 (-40.9%), from €310,758 to €183,685
of which Other amounts receivable: -€138,023
- Tangible fixed assets +€60,055
up €60,055 (+543.7%), from €11,046 to €71,100
of which Furniture and vehicles: +€60,286
- Reserves -€313,331
down €313,331 (-63.9%), from €490,631 to €177,300
of which Distributable reserves: -€313,331
- Other debts +€178,210
up €178,210 (+1979.8%), from €9,001 to €187,211
- Revaluation surpluses -€100,000
down €100,000 (-20.0%), from €500,000 to €400,000
- Debts after one year +€31,171
up €31,171 (+466.7%), from €6,679 to €37,850
- Trade debts -€18,321
down €18,321 (-90.7%), from €20,208 to €1,887
- Financial income +€130,116
up €130,116 (+225.1%), from €57,803 to €187,919
of which Non-recurring financial income: +€126,100
- Taxes +€17,220
up €17,220 (+138.6%), from €12,422 to €29,642
- Gross operating margin +€9,722
up €9,722 (+47.5%), from €20,458 to €30,179
- Depreciation +€4,232
up €4,232 (+397.4%), from €1,065 to €5,297
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.
Cash bridge derived
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 | €1,072,296 | €856,014 | -€216,282 | -20.2% |
| Fixed assets | 21/28 | €761,046 | €671,100 | -€89,945 | -11.8% |
| Tangible fixed assets | 22/27 | €11,046 | €71,100 | +€60,055 | +543.7% |
| Plant, machinery and equipment | 23 | €2,221 | €1,990 | -€232 | -10.4% |
| Furniture and vehicles | 24 | €8,824 | €69,111 | +€60,286 | +683.2% |
| Financial fixed assets | 28 | €750,000 | €600,000 | -€150,000 | -20.0% |
| Current assets | 29/58 | €311,251 | €184,914 | -€126,337 | -40.6% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €310,758 | €183,685 | -€127,073 | -40.9% |
| Trade receivables | 40 | €0 | €10,951 | +€10,951 | |
| Other amounts receivable | 41 | €310,758 | €172,735 | -€138,023 | -44.4% |
| Cash at bank and in hand | 54/58 | €0 | €1 | +€1 | |
| Deferred charges and accrued income | 490/1 | €493 | €1,227 | +€734 | +149.0% |
| Total equity and liabilities | 10/49 | €1,072,296 | €856,014 | -€216,282 | -20.2% |
| Equity | 10/15 | €1,015,631 | €602,300 | -€413,331 | -40.7% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Revaluation surpluses | 12 | €500,000 | €400,000 | -€100,000 | -20.0% |
| Reserves | 13 | €490,631 | €177,300 | -€313,331 | -63.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €490,631 | €177,300 | -€313,331 | -63.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €56,666 | €253,715 | +€197,049 | +347.7% |
| Amounts payable after more than one year | 17 | €6,679 | €37,850 | +€31,171 | +466.7% |
| Financial debts | 170/4 | €6,679 | €37,850 | +€31,171 | +466.7% |
| Amounts payable within one year | 42/48 | €49,986 | €215,865 | +€165,878 | +331.8% |
| Current portion of amounts payable after more than one year | 42 | €2,164 | €10,337 | +€8,173 | +377.6% |
| Financial debts | 43 | €2,965 | €605 | -€2,360 | -79.6% |
| Credit institutions | 430/8 | €2,965 | €605 | -€2,360 | -79.6% |
| Trade debts | 44 | €20,208 | €1,887 | -€18,321 | -90.7% |
| Suppliers | 440/4 | €20,208 | €1,887 | -€18,321 | -90.7% |
| Taxes, remuneration and social security | 45 | €15,648 | €15,825 | +€177 | +1.1% |
| Taxes | 450/3 | €15,648 | €15,825 | +€177 | +1.1% |
| Other amounts payable | 47/48 | €9,001 | €187,211 | +€178,210 | +1979.8% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €623 | +€623 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,065 | €5,297 | +€4,232 | +397.4% |
| Other operating charges | 640/8 | €2,695 | €2,557 | -€138 | -5.1% |
| Non-recurring operating charges | 66A | €0 | €0 | -€0 | -100.0% |
| Gross operating margin | 9900 | €20,458 | €30,179 | +€9,722 | +47.5% |
| Operating profit (loss) | 9901 | €16,698 | €22,326 | +€5,627 | +33.7% |
| Financial income | 75/76B | €57,803 | €187,919 | +€130,116 | +225.1% |
| Recurring financial income | 75 | €57,803 | €61,819 | +€4,016 | +6.9% |
| Non-recurring financial income | 76B | - | €126,100 | +€126,100 | |
| Financial charges | 65/66B | €3,022 | €3,303 | +€281 | +9.3% |
| Recurring financial charges | 65 | €3,022 | €3,303 | +€281 | +9.3% |
| Profit (loss) for the period before taxes | 9903 | €71,479 | €206,942 | +€135,463 | +189.5% |
| Income taxes | 67/77 | €12,422 | €29,642 | +€17,220 | +138.6% |
| Profit (loss) for the period | 9904 | €59,057 | €177,300 | +€118,243 | +200.2% |
| Profit (loss) for the period to be appropriated | 9905 | €59,057 | €177,300 | +€118,243 | +200.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.