TRACE CONSULTING: 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.
TRACE CONSULTING
Largest movements
- Cash +€2,493
up €2,493 (+6.9%), from €35,907 to €38,400
mainly Net result for the year (+€1,938) and Receivables within one year (+€1,238)
- Receivables within one year -€1,238
down €1,238 (-73.8%), from €1,677 to €439
of which Trade receivables: -€950
- Deferred charges and accrued income +€1,190
new in 2025: €1,190
- Profit (loss) carried forward +€1,938
up €1,938 (+14.1%), from €13,787 to €15,725
- Other debts +€549
up €549 (+26.8%), from €2,050 to €2,599
- Tax, wage and social debts +€503
up €503 (+209.6%), from €240 to €743
- Taxes +€720
up €720 (+3130.4%), from €23 to €743
- Other operating charges -€387
no longer reported in 2025 (was €387)
- Financial charges +€253
up €253 (+27.8%), from €910 to €1,163
- Gross operating margin +€238
up €238 (+4.9%), from €4,813 to €5,051
- Depreciation +€97
up €97 (+8.7%), from €1,110 to €1,207
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 | €42,027 | €44,916 | +€2,889 | +6.9% |
| Fixed assets | 21/28 | €1,443 | €1,887 | +€444 | +30.8% |
| Tangible fixed assets | 22/27 | €1,443 | €1,887 | +€444 | +30.8% |
| Furniture and vehicles | 24 | €1,443 | €1,887 | +€444 | +30.8% |
| Current assets | 29/58 | €40,584 | €43,029 | +€2,445 | +6.0% |
| Stocks and contracts in progress | 3 | €3,000 | €3,000 | = | 0.0% |
| Contracts in progress | 37 | €3,000 | €3,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,677 | €439 | -€1,238 | -73.8% |
| Trade receivables | 40 | €950 | - | -€950 | |
| Other amounts receivable | 41 | €727 | €439 | -€288 | -39.6% |
| Cash at bank and in hand | 54/58 | €35,907 | €38,400 | +€2,493 | +6.9% |
| Deferred charges and accrued income | 490/1 | - | €1,190 | +€1,190 | |
| Total equity and liabilities | 10/49 | €42,027 | €44,916 | +€2,889 | +6.9% |
| Equity | 10/15 | €17,787 | €19,725 | +€1,938 | +10.9% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,787 | €15,725 | +€1,938 | +14.1% |
| Amounts payable | 17/49 | €24,240 | €25,191 | +€951 | +3.9% |
| Amounts payable after more than one year | 17 | €20,000 | €20,000 | = | 0.0% |
| Financial debts | 170/4 | €20,000 | €20,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €4,240 | €5,191 | +€951 | +22.4% |
| Trade debts | 44 | €1,950 | €1,849 | -€101 | -5.2% |
| Suppliers | 440/4 | €1,950 | €1,849 | -€101 | -5.2% |
| Taxes, remuneration and social security | 45 | €240 | €743 | +€503 | +209.6% |
| Taxes | 450/3 | €240 | €743 | +€503 | +209.6% |
| Other amounts payable | 47/48 | €2,050 | €2,599 | +€549 | +26.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,110 | €1,207 | +€97 | +8.7% |
| Other operating charges | 640/8 | €387 | - | -€387 | |
| Gross operating margin | 9900 | €4,813 | €5,051 | +€238 | +4.9% |
| Operating profit (loss) | 9901 | €3,316 | €3,844 | +€528 | +15.9% |
| Financial charges | 65/66B | €910 | €1,163 | +€253 | +27.8% |
| Recurring financial charges | 65 | €910 | €1,163 | +€253 | +27.8% |
| Profit (loss) for the period before taxes | 9903 | €2,406 | €2,681 | +€275 | +11.4% |
| Income taxes | 67/77 | €23 | €743 | +€720 | +3130.4% |
| Profit (loss) for the period | 9904 | €2,383 | €1,938 | -€445 | -18.7% |
| Profit (loss) for the period to be appropriated | 9905 | €2,383 | €1,938 | -€445 | -18.7% |
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 1 October 2026 via checked.be.