TRABEA TRANS: 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 TRANS
Largest movements
- Receivables within one year +€3.7m
up €3.7m (+241.2%), from €1.5m to €5.2m
of which Other amounts receivable: +€3.4m
- Tangible fixed assets +€804,959
up €804,959 (+34.0%), from €2.4m to €3.2m
of which Leasing and similar rights: +€562,616
- Stocks and contracts +€422,246
up €422,246 (+39.7%), from €1.1m to €1.5m
- Cash -€243,714
down €243,714 (-33.6%), from €724,526 to €480,812
mainly Receivables within one year (-€3.7m) and Investment in fixed assets (net) (-€1.5m)
- Trade debts +€3.1m
up €3.1m (+218.9%), from €1.4m to €4.5m
- Other debts +€977,777
up €977,777 (+10686.2%), from €9,150 to €986,927
- Debts after one year +€402,427
up €402,427 (+28.1%), from €1.4m to €1.8m
- Tax, wage and social debts -€259,912
down €259,912 (-34.0%), from €765,121 to €505,208
of which Taxes: -€242,879
- Current portion of long-term debt +€221,164
up €221,164 (+48.5%), from €455,872 to €677,036
- Staff costs +€295,679
up €295,679 (+28.3%), from €1.0m to €1.3m
- Depreciation +€291,914
up €291,914 (+70.4%), from €414,746 to €706,660
- Gross operating margin +€291,145
up €291,145 (+10.5%), from €2.8m to €3.1m
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 | €5,672,480 | €10,343,023 | +€4.7m | +82.3% |
| Fixed assets | 21/28 | €2,366,503 | €3,199,770 | +€833,267 | +35.2% |
| Tangible fixed assets | 22/27 | €2,366,503 | €3,171,462 | +€804,959 | +34.0% |
| Furniture and vehicles | 24 | €381,781 | €620,518 | +€238,737 | +62.5% |
| Leasing and similar rights | 25 | €1,935,436 | €2,498,052 | +€562,616 | +29.1% |
| Other tangible fixed assets | 26 | €49,286 | €52,892 | +€3,606 | +7.3% |
| Financial fixed assets | 28 | - | €28,308 | +€28,308 | |
| Current assets | 29/58 | €3,305,977 | €7,143,253 | +€3.8m | +116.1% |
| Stocks and contracts in progress | 3 | €1,064,602 | €1,486,848 | +€422,246 | +39.7% |
| Stocks | 30/36 | €1,064,602 | €1,486,848 | +€422,246 | +39.7% |
| Amounts receivable within one year | 40/41 | €1,516,849 | €5,175,593 | +€3.7m | +241.2% |
| Trade receivables | 40 | €915,456 | €1,199,522 | +€284,066 | +31.0% |
| Other amounts receivable | 41 | €601,394 | €3,976,071 | +€3.4m | +561.1% |
| Cash at bank and in hand | 54/58 | €724,526 | €480,812 | -€243,714 | -33.6% |
| Total equity and liabilities | 10/49 | €5,672,480 | €10,343,023 | +€4.7m | +82.3% |
| Equity | 10/15 | €1,600,189 | €1,740,983 | +€140,794 | +8.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,590,189 | €1,730,983 | +€140,794 | +8.9% |
| Amounts payable | 17/49 | €4,072,291 | €8,602,040 | +€4.5m | +111.2% |
| Amounts payable after more than one year | 17 | €1,432,219 | €1,834,646 | +€402,427 | +28.1% |
| Financial debts | 170/4 | €1,432,219 | €1,834,646 | +€402,427 | +28.1% |
| Amounts payable within one year | 42/48 | €2,640,072 | €6,749,370 | +€4.1m | +155.7% |
| Current portion of amounts payable after more than one year | 42 | €455,872 | €677,036 | +€221,164 | +48.5% |
| Financial debts | 43 | - | €84,113 | +€84,113 | |
| Credit institutions | 430/8 | - | €84,113 | +€84,113 | |
| Trade debts | 44 | €1,409,929 | €4,496,085 | +€3.1m | +218.9% |
| Suppliers | 440/4 | €1,409,929 | €4,496,085 | +€3.1m | +218.9% |
| Taxes, remuneration and social security | 45 | €765,121 | €505,208 | -€259,912 | -34.0% |
| Taxes | 450/3 | €612,391 | €369,512 | -€242,879 | -39.7% |
| Remuneration and social security | 454/9 | €152,730 | €135,696 | -€17,034 | -11.2% |
| Other amounts payable | 47/48 | €9,150 | €986,927 | +€977,777 | +10686.2% |
| Accrued charges and deferred income | 492/3 | - | €18,024 | +€18,024 | |
| Remuneration, social security and pensions | 62 | €1,043,298 | €1,338,977 | +€295,679 | +28.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €414,746 | €706,660 | +€291,914 | +70.4% |
| Other operating charges | 640/8 | €19,469 | €34,911 | +€15,442 | +79.3% |
| Gross operating margin | 9900 | €2,782,826 | €3,073,971 | +€291,145 | +10.5% |
| Operating profit (loss) | 9901 | €1,305,314 | €993,424 | -€311,890 | -23.9% |
| Financial income | 75/76B | €17,515 | €44 | -€17,471 | -99.7% |
| Recurring financial income | 75 | €17,515 | €44 | -€17,471 | -99.7% |
| Financial charges | 65/66B | €71,388 | €77,285 | +€5,897 | +8.3% |
| Recurring financial charges | 65 | €71,388 | €77,285 | +€5,897 | +8.3% |
| Profit (loss) for the period before taxes | 9903 | €1,251,441 | €916,183 | -€335,258 | -26.8% |
| Income taxes | 67/77 | €300,000 | €275,389 | -€24,611 | -8.2% |
| Profit (loss) for the period | 9904 | €951,441 | €640,794 | -€310,648 | -32.7% |
| Profit (loss) for the period to be appropriated | 9905 | €951,441 | €640,794 | -€310,648 | -32.7% |
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 8 October 2026 via checked.be.