TRA&CO: 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.
TRA&CO
Largest movements
- Cash +€27,027
up €27,027 (+32.0%), from €84,582 to €111,609
mainly Net result for the year (+€30,229) and Other debts (+€17,306)
- Tangible fixed assets -€14,573
down €14,573 (-8.1%), from €180,206 to €165,633
of which Furniture and vehicles: -€7,340
- Receivables within one year -€12,332
down €12,332 (-48.5%), from €25,436 to €13,104
- Other debts +€17,306
up €17,306 (+32.6%), from €53,146 to €70,451
- Debts after one year -€13,060
down €13,060 (-24.4%), from €53,422 to €40,362
- Tax, wage and social debts -€10,001
down €10,001 (-40.6%), from €24,617 to €14,616
of which Taxes: -€7,001
- Reserves +€6,331
up €6,331 (+5.1%), from €124,633 to €130,964
of which Distributable reserves: +€6,331
- Gross operating margin +€7,794
up €7,794 (+14.4%), from €54,177 to €61,971
- Taxes +€2,426
up €2,426 (+22.4%), from €10,838 to €13,264
- Depreciation -€1,497
down €1,497 (-9.3%), from €16,070 to €14,573
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 | €290,558 | €290,346 | -€212 | -0.1% |
| Fixed assets | 21/28 | €180,206 | €165,633 | -€14,573 | -8.1% |
| Tangible fixed assets | 22/27 | €180,206 | €165,633 | -€14,573 | -8.1% |
| Land and buildings | 22 | €169,766 | €162,976 | -€6,790 | -4.0% |
| Plant, machinery and equipment | 23 | €3,100 | €2,657 | -€443 | -14.3% |
| Furniture and vehicles | 24 | €7,340 | €0 | -€7,340 | -100% |
| Current assets | 29/58 | €110,352 | €124,713 | +€14,361 | +13.0% |
| Amounts receivable within one year | 40/41 | €25,436 | €13,104 | -€12,332 | -48.5% |
| Trade receivables | 40 | €25,436 | €13,104 | -€12,332 | -48.5% |
| Cash at bank and in hand | 54/58 | €84,582 | €111,609 | +€27,027 | +32.0% |
| Deferred charges and accrued income | 490/1 | €334 | €0 | -€334 | -100% |
| Total equity and liabilities | 10/49 | €290,558 | €290,346 | -€212 | -0.1% |
| Equity | 10/15 | €143,233 | €149,564 | +€6,331 | +4.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €124,633 | €130,964 | +€6,331 | +5.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €124,633 | €130,964 | +€6,331 | +5.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €147,325 | €140,782 | -€6,543 | -4.4% |
| Amounts payable after more than one year | 17 | €53,422 | €40,362 | -€13,060 | -24.4% |
| Financial debts | 170/4 | €53,422 | €40,362 | -€13,060 | -24.4% |
| Amounts payable within one year | 42/48 | €93,722 | €100,420 | +€6,698 | +7.1% |
| Current portion of amounts payable after more than one year | 42 | €12,485 | €13,060 | +€575 | +4.6% |
| Trade debts | 44 | €3,474 | €2,292 | -€1,182 | -34.0% |
| Suppliers | 440/4 | €3,474 | €2,292 | -€1,182 | -34.0% |
| Taxes, remuneration and social security | 45 | €24,617 | €14,616 | -€10,001 | -40.6% |
| Taxes | 450/3 | €21,617 | €14,616 | -€7,001 | -32.4% |
| Remuneration and social security | 454/9 | €3,000 | €0 | -€3,000 | -100% |
| Other amounts payable | 47/48 | €53,146 | €70,451 | +€17,306 | +32.6% |
| Accrued charges and deferred income | 492/3 | €181 | €0 | -€181 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,070 | €14,573 | -€1,497 | -9.3% |
| Other operating charges | 640/8 | €1,439 | €1,488 | +€50 | +3.5% |
| Gross operating margin | 9900 | €54,177 | €61,971 | +€7,794 | +14.4% |
| Operating profit (loss) | 9901 | €36,669 | €45,910 | +€9,241 | +25.2% |
| Financial income | 75/76B | €292 | €517 | +€226 | +77.2% |
| Recurring financial income | 75 | €292 | €517 | +€226 | +77.2% |
| Financial charges | 65/66B | €3,497 | €2,935 | -€562 | -16.1% |
| Recurring financial charges | 65 | €3,497 | €2,935 | -€562 | -16.1% |
| Profit (loss) for the period before taxes | 9903 | €33,464 | €43,492 | +€10,029 | +30.0% |
| Income taxes | 67/77 | €10,838 | €13,264 | +€2,426 | +22.4% |
| Profit (loss) for the period | 9904 | €22,626 | €30,229 | +€7,603 | +33.6% |
| Profit (loss) for the period to be appropriated | 9905 | €22,626 | €30,229 | +€7,603 | +33.6% |
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 15 October 2026 via checked.be.