ALL TRACUP: 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.
ALL TRACUP
Largest movements
- Receivables within one year -€87,895
down €87,895 (-79.5%), from €110,534 to €22,639
- Tangible fixed assets -€49,447
down €49,447 (-5.3%), from €927,919 to €878,472
of which Furniture and vehicles: -€164,055
- Cash +€14,682
up €14,682 (+245%), from €6,000 to €20,682
mainly Depreciation (+€93,446) and Receivables within one year (+€87,895)
- Reserves -€106,306
down €106,306 (-36.9%), from €288,332 to €182,026
of which Distributable reserves: -€106,306
- Trade debts -€75,273
down €75,273 (-19.6%), from €383,823 to €308,550
- Debts after one year +€49,824
up €49,824 (+18.2%), from €273,370 to €323,194
- Current portion of long-term debt +€11,019
up €11,019 (+22.1%), from €49,960 to €60,979
- Gross operating margin -€90,667
down €90,667 (-61.7%), from €146,998 to €56,331
- Depreciation +€74,769
up €74,769 (+400%), from €18,677 to €93,446
- Other operating charges +€20,579
up €20,579 (+185%), from €11,095 to €31,674
- Taxes -€6,300
down €6,300 (-22.1%), from €28,460 to €22,160
- Financial charges -€1,915
down €1,915 (-11.0%), from €17,370 to €15,455
of which Non-recurring financial charges: -€11,203
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 | €1,044,453 | €921,793 | -€122,660 | -11.7% |
| Fixed assets | 21/28 | €927,919 | €878,472 | -€49,447 | -5.3% |
| Tangible fixed assets | 22/27 | €927,919 | €878,472 | -€49,447 | -5.3% |
| Land and buildings | 22 | €421,673 | €411,520 | -€10,153 | -2.4% |
| Plant, machinery and equipment | 23 | €183,596 | €308,357 | +€124,761 | +68.0% |
| Furniture and vehicles | 24 | €322,650 | €158,595 | -€164,055 | -50.8% |
| Current assets | 29/58 | €116,535 | €43,321 | -€73,214 | -62.8% |
| Amounts receivable within one year | 40/41 | €110,534 | €22,639 | -€87,895 | -79.5% |
| Other amounts receivable | 41 | €110,534 | €22,639 | -€87,895 | -79.5% |
| Cash at bank and in hand | 54/58 | €6,000 | €20,682 | +€14,682 | +245% |
| Total equity and liabilities | 10/49 | €1,044,453 | €921,793 | -€122,660 | -11.7% |
| Equity | 10/15 | €306,932 | €200,626 | -€106,306 | -34.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | - | -€18,600 | |
| Other | 1109/19 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €288,332 | €182,026 | -€106,306 | -36.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €286,472 | €180,166 | -€106,306 | -37.1% |
| Amounts payable | 17/49 | €737,522 | €721,167 | -€16,355 | -2.2% |
| Amounts payable after more than one year | 17 | €273,370 | €323,194 | +€49,824 | +18.2% |
| Financial debts | 170/4 | €273,370 | €323,194 | +€49,824 | +18.2% |
| Amounts payable within one year | 42/48 | €464,151 | €397,973 | -€66,178 | -14.3% |
| Current portion of amounts payable after more than one year | 42 | €49,960 | €60,979 | +€11,019 | +22.1% |
| Trade debts | 44 | €383,823 | €308,550 | -€75,273 | -19.6% |
| Suppliers | 440/4 | €383,823 | €308,550 | -€75,273 | -19.6% |
| Taxes, remuneration and social security | 45 | €30,369 | €28,444 | -€1,925 | -6.3% |
| Taxes | 450/3 | €28,460 | €28,444 | -€16 | -0.1% |
| Remuneration and social security | 454/9 | €1,909 | - | -€1,909 | |
| Non-recurring operating income | 76A | - | €8,397 | +€8,397 | |
| Remuneration, social security and pensions | 62 | €1,232 | - | -€1,232 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,677 | €93,446 | +€74,769 | +400% |
| Other operating charges | 640/8 | €11,095 | €31,674 | +€20,579 | +185% |
| Gross operating margin | 9900 | €146,998 | €56,331 | -€90,667 | -61.7% |
| Operating profit (loss) | 9901 | €115,994 | -€68,789 | -€184,783 | |
| Financial income | 75/76B | - | €98 | +€98 | |
| Recurring financial income | 75 | - | €98 | +€98 | |
| Financial charges | 65/66B | €17,370 | €15,455 | -€1,915 | -11.0% |
| Recurring financial charges | 65 | €6,167 | €15,455 | +€9,288 | +151% |
| Non-recurring financial charges | 66B | €11,203 | - | -€11,203 | |
| Profit (loss) for the period before taxes | 9903 | €98,624 | -€84,146 | -€182,770 | |
| Income taxes | 67/77 | €28,460 | €22,160 | -€6,300 | -22.1% |
| Profit (loss) for the period | 9904 | €70,163 | -€106,306 | -€176,469 | |
| Profit (loss) for the period to be appropriated | 9905 | €70,163 | -€106,306 | -€176,469 |
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 20 October 2026 via checked.be.