TRABECO: 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.
TRABECO
Largest movements
- Cash +€167,809
up €167,809 (+174.6%), from €96,115 to €263,924
mainly Advances received (+€106,837) and Net result for the year (+€45,472)
- Receivables within one year +€7,362
up €7,362 (+63.0%), from €11,694 to €19,056
of which Trade receivables: +€13,432
- Advances received +€106,837
new in 2025: €106,837
- Reserves +€45,472
up €45,472 (+113.7%), from €40,000 to €85,472
- Other debts +€39,803
up €39,803 (+1171.3%), from €3,398 to €43,201
- Profit (loss) carried forward -€39,638
down €39,638 (-100.0%), from €39,638 to €0
- Trade debts +€19,426
up €19,426 (+254.2%), from €7,642 to €27,068
- Gross operating margin -€37,082
down €37,082 (-38.0%), from €97,658 to €60,576
- Financial income +€6,588
up €6,588 (+111.5%), from €5,910 to €12,499
- Taxes -€6,245
down €6,245 (-26.1%), from €23,930 to €17,684
- Financial charges +€4,287
up €4,287 (+108.1%), from €3,965 to €8,252
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 | €113,421 | €289,446 | +€176,025 | +155.2% |
| Fixed assets | 21/28 | €5,253 | €4,728 | -€525 | -10.0% |
| Tangible fixed assets | 22/27 | €5,253 | €4,728 | -€525 | -10.0% |
| Land and buildings | 22 | €5,253 | €4,728 | -€525 | -10.0% |
| Current assets | 29/58 | €108,168 | €284,719 | +€176,551 | +163.2% |
| Amounts receivable within one year | 40/41 | €11,694 | €19,056 | +€7,362 | +63.0% |
| Trade receivables | 40 | €2,575 | €16,007 | +€13,432 | +521.7% |
| Other amounts receivable | 41 | €9,120 | €3,050 | -€6,070 | -66.6% |
| Cash at bank and in hand | 54/58 | €96,115 | €263,924 | +€167,809 | +174.6% |
| Deferred charges and accrued income | 490/1 | €358 | €1,738 | +€1,380 | +385.0% |
| Total equity and liabilities | 10/49 | €113,421 | €289,446 | +€176,025 | +155.2% |
| Equity | 10/15 | €98,238 | €104,072 | +€5,834 | +5.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €40,000 | €85,472 | +€45,472 | +113.7% |
| Distributable reserves | 133 | €40,000 | €85,472 | +€45,472 | +113.7% |
| Profit (loss) carried forward | 14 | €39,638 | €0 | -€39,638 | -100.0% |
| Amounts payable | 17/49 | €15,183 | €185,374 | +€170,192 | +1121.0% |
| Amounts payable within one year | 42/48 | €15,183 | €185,374 | +€170,192 | +1121.0% |
| Financial debts | 43 | €442 | €20 | -€422 | -95.5% |
| Credit institutions | 430/8 | €442 | €20 | -€422 | -95.5% |
| Trade debts | 44 | €7,642 | €27,068 | +€19,426 | +254.2% |
| Suppliers | 440/4 | €7,642 | €27,068 | +€19,426 | +254.2% |
| Advances received on contracts in progress | 46 | - | €106,837 | +€106,837 | |
| Taxes, remuneration and social security | 45 | €3,700 | €8,247 | +€4,547 | +122.9% |
| Taxes | 450/3 | €0 | €4,547 | +€4,547 | |
| Remuneration and social security | 454/9 | €3,700 | €3,700 | = | 0.0% |
| Other amounts payable | 47/48 | €3,398 | €43,201 | +€39,803 | +1171.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1 | €525 | +€524 | +36388.9% |
| Other operating charges | 640/8 | €1,143 | €1,142 | -€2 | -0.2% |
| Gross operating margin | 9900 | €97,658 | €60,576 | -€37,082 | -38.0% |
| Operating profit (loss) | 9901 | €96,513 | €58,909 | -€37,604 | -39.0% |
| Financial income | 75/76B | €5,910 | €12,499 | +€6,588 | +111.5% |
| Recurring financial income | 75 | €5,910 | €12,499 | +€6,588 | +111.5% |
| Financial charges | 65/66B | €3,965 | €8,252 | +€4,287 | +108.1% |
| Recurring financial charges | 65 | €3,965 | €8,252 | +€4,287 | +108.1% |
| Profit (loss) for the period before taxes | 9903 | €98,459 | €63,156 | -€35,303 | -35.9% |
| Income taxes | 67/77 | €23,930 | €17,684 | -€6,245 | -26.1% |
| Profit (loss) for the period | 9904 | €74,529 | €45,472 | -€29,057 | -39.0% |
| Profit (loss) for the period to be appropriated | 9905 | €74,529 | €45,472 | -€29,057 | -39.0% |
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 11 October 2026 via checked.be.