TRABEA: 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.
TRABEA
Largest movements
- Tangible fixed assets -€109,974
down €109,974 (-4.2%), from €2.6m to €2.5m
of which Land and buildings: -€87,449
- Receivables within one year +€83,026
up €83,026 (+52.1%), from €159,320 to €242,345
of which Other amounts receivable: +€50,000
- Debts after one year -€86,824
down €86,824 (-3.2%), from €2.7m to €2.6m
of which Financial debts: -€46,667
- Reserves +€65,648
up €65,648 (+109.9%), from €59,743 to €125,391
- Gross operating margin +€24,077
up €24,077 (+11.2%), from €214,246 to €238,323
- Taxes +€13,373
up €13,373 (+73.0%), from €18,320 to €31,693
- Financial charges -€10,115
down €10,115 (-37.8%), from €26,793 to €16,678
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 | €2,880,080 | €2,868,309 | -€11,771 | -0.4% |
| Fixed assets | 21/28 | €2,597,889 | €2,487,915 | -€109,974 | -4.2% |
| Tangible fixed assets | 22/27 | €2,597,889 | €2,487,915 | -€109,974 | -4.2% |
| Land and buildings | 22 | €2,423,450 | €2,336,001 | -€87,449 | -3.6% |
| Plant, machinery and equipment | 23 | €2,688 | €1,952 | -€735 | -27.4% |
| Furniture and vehicles | 24 | €163,958 | €142,959 | -€20,999 | -12.8% |
| Other tangible fixed assets | 26 | €7,793 | €7,002 | -€791 | -10.2% |
| Current assets | 29/58 | €282,190 | €380,394 | +€98,203 | +34.8% |
| Amounts receivable within one year | 40/41 | €159,320 | €242,345 | +€83,026 | +52.1% |
| Trade receivables | 40 | €59,270 | €92,295 | +€33,026 | +55.7% |
| Other amounts receivable | 41 | €100,050 | €150,050 | +€50,000 | +50.0% |
| Cash at bank and in hand | 54/58 | €109,504 | €122,484 | +€12,980 | +11.9% |
| Deferred charges and accrued income | 490/1 | €13,367 | €15,564 | +€2,198 | +16.4% |
| Total equity and liabilities | 10/49 | €2,880,080 | €2,868,309 | -€11,771 | -0.4% |
| Equity | 10/15 | €84,743 | €150,391 | +€65,648 | +77.5% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €59,743 | €125,391 | +€65,648 | +109.9% |
| Distributable reserves | 133 | €59,743 | €125,391 | +€65,648 | +109.9% |
| Amounts payable | 17/49 | €2,795,337 | €2,717,917 | -€77,419 | -2.8% |
| Amounts payable after more than one year | 17 | €2,725,403 | €2,638,579 | -€86,824 | -3.2% |
| Financial debts | 170/4 | €1,982,222 | €1,935,555 | -€46,667 | -2.4% |
| Other amounts payable | 178/9 | €743,181 | €703,023 | -€40,157 | -5.4% |
| Amounts payable within one year | 42/48 | €67,444 | €78,389 | +€10,945 | +16.2% |
| Current portion of amounts payable after more than one year | 42 | €46,667 | €46,667 | = | 0.0% |
| Trade debts | 44 | €195 | €1,370 | +€1,175 | +602.7% |
| Suppliers | 440/4 | €195 | €1,370 | +€1,175 | +602.7% |
| Taxes, remuneration and social security | 45 | €20,582 | €30,352 | +€9,770 | +47.5% |
| Taxes | 450/3 | €20,582 | €30,352 | +€9,770 | +47.5% |
| Accrued charges and deferred income | 492/3 | €2,490 | €950 | -€1,540 | -61.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €113,029 | €114,739 | +€1,709 | +1.5% |
| Other operating charges | 640/8 | €9,218 | €9,566 | +€348 | +3.8% |
| Gross operating margin | 9900 | €214,246 | €238,323 | +€24,077 | +11.2% |
| Operating profit (loss) | 9901 | €91,999 | €114,019 | +€22,020 | +23.9% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €26,793 | €16,678 | -€10,115 | -37.8% |
| Recurring financial charges | 65 | €26,793 | €16,678 | -€10,115 | -37.8% |
| Profit (loss) for the period before taxes | 9903 | €65,206 | €97,341 | +€32,135 | +49.3% |
| Income taxes | 67/77 | €18,320 | €31,693 | +€13,373 | +73.0% |
| Profit (loss) for the period | 9904 | €46,886 | €65,648 | +€18,763 | +40.0% |
| Profit (loss) for the period to be appropriated | 9905 | €46,886 | €65,648 | +€18,763 | +40.0% |
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 8 October 2026 via checked.be.