TRABUCO: what changed
TRABUCO
Largest movements
- Cash +€23,202
up €23,202 (+631%), from €3,676 to €26,877
mainly Depreciation (+€18,322) and Receivables within one year (+€13,068)
- Receivables within one year -€13,068
down €13,068 (-71.4%), from €18,295 to €5,227
- Tangible fixed assets -€5,194
down €5,194 (-1.6%), from €319,714 to €314,520
- Reserves +€12,382
up €12,382 (+13.9%), from €88,983 to €101,365
of which Distributable reserves: +€12,382
- Trade debts -€7,922
no longer reported in 2025 (was €7,922)
- Accrued charges and deferred income +€7,220
up €7,220 (+110%), from €6,556 to €13,776
- Other debts -€5,041
down €5,041 (-2.3%), from €219,091 to €214,050
- Taxes -€2,806
down €2,806 (-32.7%), from €8,585 to €5,778
- Depreciation +€2,797
up €2,797 (+18.0%), from €15,526 to €18,322
- Gross operating margin -€2,737
down €2,737 (-5.5%), from €49,557 to €46,820
- Other operating charges +€1,098
up €1,098 (+50.8%), from €2,160 to €3,258
- Financial income -€710
no longer reported in 2025 (was €710)
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €341,684 | €346,624 | +€4,940 | +1.4% |
| Fixed assets | 21/28 | €319,714 | €314,520 | -€5,194 | -1.6% |
| Tangible fixed assets | 22/27 | €319,714 | €314,520 | -€5,194 | -1.6% |
| Land and buildings | 22 | €319,714 | €314,520 | -€5,194 | -1.6% |
| Current assets | 29/58 | €21,971 | €32,104 | +€10,134 | +46.1% |
| Amounts receivable within one year | 40/41 | €18,295 | €5,227 | -€13,068 | -71.4% |
| Trade receivables | 40 | €18,295 | €5,227 | -€13,068 | -71.4% |
| Cash at bank and in hand | 54/58 | €3,676 | €26,877 | +€23,202 | +631% |
| Total equity and liabilities | 10/49 | €341,684 | €346,624 | +€4,940 | +1.4% |
| Equity | 10/15 | €99,156 | €111,538 | +€12,382 | +12.5% |
| Contributions | 10/11 | €10,150 | €10,150 | = | 0.0% |
| Contributions outside capital | 11 | €10,150 | €10,150 | = | 0.0% |
| Other | 1109/19 | €10,150 | €10,150 | = | 0.0% |
| Reserves | 13 | €88,983 | €101,365 | +€12,382 | +13.9% |
| Tax-exempt reserves | 132 | €3,176 | €3,176 | = | 0.0% |
| Distributable reserves | 133 | €85,807 | €98,189 | +€12,382 | +14.4% |
| Profit (loss) carried forward | 14 | €23 | €23 | = | 0.0% |
| Amounts payable | 17/49 | €242,529 | €235,086 | -€7,443 | -3.1% |
| Amounts payable within one year | 42/48 | €235,972 | €221,310 | -€14,663 | -6.2% |
| Trade debts | 44 | €7,922 | - | -€7,922 | |
| Suppliers | 440/4 | €7,922 | - | -€7,922 | |
| Taxes, remuneration and social security | 45 | €8,959 | €7,260 | -€1,700 | -19.0% |
| Taxes | 450/3 | €8,959 | €7,260 | -€1,700 | -19.0% |
| Other amounts payable | 47/48 | €219,091 | €214,050 | -€5,041 | -2.3% |
| Accrued charges and deferred income | 492/3 | €6,556 | €13,776 | +€7,220 | +110% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,526 | €18,322 | +€2,797 | +18.0% |
| Other operating charges | 640/8 | €2,160 | €3,258 | +€1,098 | +50.8% |
| Gross operating margin | 9900 | €49,557 | €46,820 | -€2,737 | -5.5% |
| Operating profit (loss) | 9901 | €31,872 | €25,240 | -€6,632 | -20.8% |
| Financial income | 75/76B | €710 | - | -€710 | |
| Recurring financial income | 75 | €710 | - | -€710 | |
| Financial charges | 65/66B | €6,586 | €7,079 | +€493 | +7.5% |
| Recurring financial charges | 65 | €6,586 | €7,079 | +€493 | +7.5% |
| Profit (loss) for the period before taxes | 9903 | €25,996 | €18,161 | -€7,835 | -30.1% |
| Income taxes | 67/77 | €8,585 | €5,778 | -€2,806 | -32.7% |
| Profit (loss) for the period | 9904 | €17,411 | €12,382 | -€5,028 | -28.9% |
| Profit (loss) for the period to be appropriated | 9905 | €17,411 | €12,382 | -€5,028 | -28.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.