Tracé Brussel: 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.
Tracé Brussel
Largest movements
- Cash -€489,823
down €489,823 (-49.7%), from €985,561 to €495,739
mainly Receivables within one year (-€282,794) and Debts within one year (-€217,807)
- Receivables within one year +€282,794
up €282,794 (+43.1%), from €655,787 to €938,581
of which Other amounts receivable: +€283,069
- Tangible fixed assets +€35,550
up €35,550 (+213%), from €16,682 to €52,232
of which Furniture and vehicles: +€31,417
- Debts within one year -€217,807
down €217,807 (-20.1%), from €1.1m to €864,120
- Provisions +€42,232
new in 2025: €42,232
- Profit (loss) carried forward +€28,267
up €28,267 (+73.4%), from €38,523 to €66,790
- Accrued charges and deferred income -€17,939
down €17,939 (-6.9%), from €260,581 to €242,642
- Purchases and services -€277,225
down €277,225 (-30.7%), from €903,459 to €626,234
- Staff costs -€110,801
down €110,801 (-3.3%), from €3.4m to €3.3m
From the 2024 result to the 2025 result
The net result is not in both sets of accounts; without it the difference cannot be explained line by line.
Derived cash bridge
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 | €1,678,500 | €1,513,254 | -€165,246 | -9.8% |
| Fixed assets | 21/28 | €33,759 | €73,840 | +€40,081 | +119% |
| Intangible fixed assets | 21 | €16,077 | €20,398 | +€4,321 | +26.9% |
| Tangible fixed assets | 22/27 | €16,682 | €52,232 | +€35,550 | +213% |
| Furniture and vehicles | 24 | €16,682 | €48,099 | +€31,417 | +188% |
| Assets under construction and advance payments | 27 | - | €4,133 | +€4,133 | |
| Financial fixed assets | 28 | €1,000 | €1,210 | +€210 | +21.0% |
| Current assets | 29/58 | €1,644,741 | €1,439,414 | -€205,327 | -12.5% |
| Amounts receivable within one year | 40/41 | €655,787 | €938,581 | +€282,794 | +43.1% |
| Trade receivables | 40 | €341 | €67 | -€274 | -80.4% |
| Other amounts receivable | 41 | €655,446 | €938,514 | +€283,069 | +43.2% |
| Cash at bank and in hand | 54/58 | €985,561 | €495,739 | -€489,823 | -49.7% |
| Deferred charges and accrued income | 490/1 | €3,393 | €5,094 | +€1,701 | +50.1% |
| Total equity and liabilities | 10/49 | €1,678,500 | €1,513,254 | -€165,246 | -9.8% |
| Equity | 10/15 | €326,358 | €354,625 | +€28,267 | +8.7% |
| Reserves | 13 | €287,836 | €287,836 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,523 | €66,790 | +€28,267 | +73.4% |
| Provisions and deferred taxes | 16 | - | €42,232 | +€42,232 | |
| Provisions for liabilities and charges | 160/5 | - | €42,232 | +€42,232 | |
| Major repairs and maintenance | 162 | - | €25,000 | +€25,000 | |
| Other liabilities and charges | 164/5 | - | €17,232 | +€17,232 | |
| Amounts payable | 17/49 | €1,352,142 | €1,116,396 | -€235,745 | -17.4% |
| Amounts payable after more than one year | 17 | €9,634 | €9,634 | = | 0.0% |
| Advances received on contracts in progress | 176 | €9,634 | €9,634 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,081,926 | €864,120 | -€217,807 | -20.1% |
| Current portion of amounts payable after more than one year | 42 | - | €100,000 | +€100,000 | |
| Trade debts | 44 | €69,372 | €74,414 | +€5,042 | +7.3% |
| Suppliers | 440/4 | €69,372 | €74,414 | +€5,042 | +7.3% |
| Taxes, remuneration and social security | 45 | €360,303 | €345,148 | -€15,155 | -4.2% |
| Taxes | 450/3 | - | €0 | +€0 | |
| Remuneration and social security | 454/9 | €360,303 | €345,147 | -€15,156 | -4.2% |
| Accrued charges and deferred income | 492/3 | €260,581 | €242,642 | -€17,939 | -6.9% |
| Membership fees, donations, legacies and grants | 73 | €4,276,208 | €3,970,147 | -€306,061 | -7.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €903,459 | €626,234 | -€277,225 | -30.7% |
| Remuneration, social security and pensions | 62 | €3,377,012 | €3,266,211 | -€110,801 | -3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,700 | €28,636 | +€14,936 | +109% |
| Other operating charges | 640/8 | - | €775 | +€775 | |
| Gross operating margin | 9900 | €3,394,398 | €3,367,661 | -€26,738 | -0.8% |
| Operating profit (loss) | 9901 | €3,687 | €29,807 | +€26,120 | +709% |
| Financial income | 75/76B | €320 | €2,584 | +€2,264 | +708% |
| Recurring financial income | 75 | €320 | €2,584 | +€2,264 | +708% |
| Financial charges | 65/66B | €4,006 | €4,123 | +€117 | +2.9% |
| Recurring financial charges | 65 | €3,216 | €4,123 | +€907 | +28.2% |
| Non-recurring financial charges | 66B | €791 | - | -€791 | |
| Profit (loss) for the period before taxes | 9903 | - | €28,267 | +€28,267 | |
| Profit (loss) for the period | 9904 | - | €28,267 | +€28,267 | |
| Profit (loss) for the period to be appropriated | 9905 | - | €28,267 | +€28,267 |
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 19 October 2026 via checked.be.