TRABAGO: what changed
Two fiscal 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.
TRABAGO
Largest movements
- Receivables within one year -€27,440
down €27,440 (-29.7%), from €92,457 to €65,018
of which Other amounts receivable: -€22,435
- Tangible fixed assets -€6,139
down €6,139 (-29.9%), from €20,506 to €14,368
of which Furniture and vehicles: -€3,528
- Cash +€3,990
up €3,990 (+89.7%), from €4,447 to €8,436
mainly Receivables within one year (+€27,440) and Current portion of long-term debt (+€20,948)
- Debts after one year -€42,948
down €42,948 (-66.4%), from €64,648 to €21,700
- Current portion of long-term debt +€20,948
new in 2025: €20,948
- Tax, wage and social debts -€20,588
down €20,588 (-88.9%), from €23,151 to €2,563
of which Remuneration and social security: -€22,819
- Trade debts +€17,990
up €17,990 (+118.3%), from €15,201 to €33,192
- Other debts -€13,244
down €13,244 (-42.2%), from €31,402 to €18,159
- Gross operating margin -€34,424
down €34,424 (-20.5%), from €167,826 to €133,402
- Staff costs -€19,300
down €19,300 (-15.3%), from €126,534 to €107,235
- Other operating charges -€2,659
down €2,659 (-35.9%), from €7,400 to €4,741
- Taxes +€2,231
up €2,231 (+672.5%), from €332 to €2,563
- Depreciation -€1,964
down €1,964 (-24.2%), from €8,103 to €6,139
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 | €117,410 | €87,822 | -€29,589 | -25.2% |
| Fixed assets | 21/28 | €20,506 | €14,368 | -€6,139 | -29.9% |
| Tangible fixed assets | 22/27 | €20,506 | €14,368 | -€6,139 | -29.9% |
| Plant, machinery and equipment | 23 | €10,042 | €7,432 | -€2,610 | -26.0% |
| Furniture and vehicles | 24 | €10,464 | €6,936 | -€3,528 | -33.7% |
| Current assets | 29/58 | €96,904 | €73,454 | -€23,450 | -24.2% |
| Amounts receivable within one year | 40/41 | €92,457 | €65,018 | -€27,440 | -29.7% |
| Trade receivables | 40 | €66,793 | €61,789 | -€5,005 | -7.5% |
| Other amounts receivable | 41 | €25,664 | €3,229 | -€22,435 | -87.4% |
| Cash at bank and in hand | 54/58 | €4,447 | €8,436 | +€3,990 | +89.7% |
| Total equity and liabilities | 10/49 | €117,410 | €87,822 | -€29,589 | -25.2% |
| Equity | 10/15 | -€16,993 | -€8,740 | +€8,253 | +48.6% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Capital | 10 | - | €1,500 | +€1,500 | |
| Issued capital | 100 | - | €1,500 | +€1,500 | |
| Profit (loss) carried forward | 14 | -€18,493 | -€10,240 | +€8,253 | +44.6% |
| Amounts payable | 17/49 | €134,403 | €96,561 | -€37,841 | -28.2% |
| Amounts payable after more than one year | 17 | €64,648 | €21,700 | -€42,948 | -66.4% |
| Financial debts | 170/4 | €64,648 | €21,700 | -€42,948 | -66.4% |
| Amounts payable within one year | 42/48 | €69,755 | €74,861 | +€5,107 | +7.3% |
| Current portion of amounts payable after more than one year | 42 | - | €20,948 | +€20,948 | |
| Trade debts | 44 | €15,201 | €33,192 | +€17,990 | +118.3% |
| Suppliers | 440/4 | €15,201 | €33,192 | +€17,990 | +118.3% |
| Taxes, remuneration and social security | 45 | €23,151 | €2,563 | -€20,588 | -88.9% |
| Taxes | 450/3 | €332 | €2,563 | +€2,231 | +672.5% |
| Remuneration and social security | 454/9 | €22,819 | - | -€22,819 | |
| Other amounts payable | 47/48 | €31,402 | €18,159 | -€13,244 | -42.2% |
| Remuneration, social security and pensions | 62 | €126,534 | €107,235 | -€19,300 | -15.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,103 | €6,139 | -€1,964 | -24.2% |
| Other operating charges | 640/8 | €7,400 | €4,741 | -€2,659 | -35.9% |
| Non-recurring operating charges | 66A | €3,272 | €148 | -€3,124 | -95.5% |
| Gross operating margin | 9900 | €167,826 | €133,402 | -€34,424 | -20.5% |
| Operating profit (loss) | 9901 | €22,517 | €15,140 | -€7,377 | -32.8% |
| Financial charges | 65/66B | €3,569 | €4,324 | +€755 | +21.2% |
| Recurring financial charges | 65 | €3,569 | €4,324 | +€755 | +21.2% |
| Profit (loss) for the period before taxes | 9903 | €18,948 | €10,816 | -€8,132 | -42.9% |
| Income taxes | 67/77 | €332 | €2,563 | +€2,231 | +672.5% |
| Profit (loss) for the period | 9904 | €18,617 | €8,253 | -€10,364 | -55.7% |
| Profit (loss) for the period to be appropriated | 9905 | €18,617 | €8,253 | -€10,364 | -55.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.