TRACES T.E.I. Belgium: what changed
What changed
TRACES T.E.I. Belgium
NACE 18.130, Pre-press and pre-media services
filed annual accounts (NBB)
Net result for the year
-€24,505
2024 · -€13,017-€11,488
Equity
€63,215
2024 · €87,784-€24,570
Cash
€3,606
2024 · €2,172+€1,434
Balance sheet total
€87,318
2024 · €104,397-€17,079
Largest movements
Assets
- Tangible fixed assets -€13,449
down €13,449 (-15.8%), from €85,117 to €71,668
of which Land and buildings: -€6,756
- Deferred charges and accrued income -€3,302
down €3,302 (-72.9%), from €4,531 to €1,229
- Receivables within one year -€1,762
down €1,762 (-14.0%), from €12,577 to €10,815
of which Other amounts receivable: -€8,139
- Cash +€1,434
up €1,434 (+66.0%), from €2,172 to €3,606
mainly Other debts (+€16,329) and Depreciation (+€13,449)
Equity and liabilities
- Profit (loss) carried forward -€24,505
down €24,505, from €19,463 to -€5,042
- Other debts +€16,329
up €16,329 (+371%), from €4,402 to €20,730
- Current portion of long-term debt -€6,484
no longer reported in 2025 (was €6,484)
Income statement
- Gross operating margin -€22,934
down €22,934, from €15,835 to -€7,099
- Write-downs -€8,429
no longer reported in 2025 (was €8,429)
- Depreciation -€2,142
down €2,142 (-13.7%), from €15,591 to €13,449
- Staff costs -€466
down €466 (-27.0%), from €1,725 to €1,259
- Financial charges -€380
down €380 (-50.7%), from €751 to €370
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.
Result 2024
-€13,017
Gross operating margin
-€22,934
Staff costs
+€466
Depreciation
+€2,142
Write-downs
+€8,429
Other operating charges
+€4
Financial income
+€3
Financial charges
+€380
Deferred taxes and other
+€22
Result 2025
-€24,505
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€7,983
Investment
€0
Financing
-€6,549
Cash 2024
€2,172
From operations (derived)
+€7,983
Net result for the year
-€24,505
Depreciation
+€13,449
Receivables within one year
+€1,762
Deferred charges and accrued income
+€3,302
Provisions
-€22
Trade debts
-€651
Tax, wage and social debts
-€754
Other debts
+€16,329
Accrued charges and deferred income
-€926
Financing
-€6,549
Current portion of long-term debt
-€6,484
Contributions, distributions and other
-€65
Cash 2025
€3,606
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €104,397 | €87,318 | -€17,079 | -16.4% |
| Fixed assets | 21/28 | €85,117 | €71,668 | -€13,449 | -15.8% |
| Tangible fixed assets | 22/27 | €85,117 | €71,668 | -€13,449 | -15.8% |
| Land and buildings | 22 | €74,549 | €67,793 | -€6,756 | -9.1% |
| Plant, machinery and equipment | 23 | €3,189 | €3,000 | -€189 | -5.9% |
| Furniture and vehicles | 24 | €7,379 | €875 | -€6,504 | -88.1% |
| Current assets | 29/58 | €19,280 | €15,650 | -€3,630 | -18.8% |
| Amounts receivable within one year | 40/41 | €12,577 | €10,815 | -€1,762 | -14.0% |
| Trade receivables | 40 | €2,344 | €8,721 | +€6,377 | +272% |
| Other amounts receivable | 41 | €10,233 | €2,094 | -€8,139 | -79.5% |
| Cash at bank and in hand | 54/58 | €2,172 | €3,606 | +€1,434 | +66.0% |
| Deferred charges and accrued income | 490/1 | €4,531 | €1,229 | -€3,302 | -72.9% |
| Total equity and liabilities | 10/49 | €104,397 | €87,318 | -€17,079 | -16.4% |
| Equity | 10/15 | €87,784 | €63,215 | -€24,570 | -28.0% |
| Contributions | 10/11 | €67,650 | €67,650 | = | 0.0% |
| Capital | 10 | €67,650 | - | -€67,650 | |
| Issued capital | 100 | €67,650 | - | -€67,650 | |
| Profit (loss) carried forward | 14 | €19,463 | -€5,042 | -€24,505 | |
| Investment grants | 15 | €671 | €607 | -€65 | -9.6% |
| Provisions and deferred taxes | 16 | €223 | €202 | -€22 | -9.6% |
| Deferred taxes | 168 | €223 | €202 | -€22 | -9.6% |
| Amounts payable | 17/49 | €16,390 | €23,902 | +€7,512 | +45.8% |
| Amounts payable within one year | 42/48 | €15,421 | €23,859 | +€8,438 | +54.7% |
| Current portion of amounts payable after more than one year | 42 | €6,484 | - | -€6,484 | |
| Trade debts | 44 | €3,743 | €3,091 | -€651 | -17.4% |
| Suppliers | 440/4 | €3,743 | €3,091 | -€651 | -17.4% |
| Taxes, remuneration and social security | 45 | €792 | €37 | -€754 | -95.3% |
| Taxes | 450/3 | €645 | €37 | -€608 | -94.2% |
| Remuneration and social security | 454/9 | €147 | - | -€147 | |
| Other amounts payable | 47/48 | €4,402 | €20,730 | +€16,329 | +371% |
| Accrued charges and deferred income | 492/3 | €969 | €43 | -€926 | -95.6% |
| Remuneration, social security and pensions | 62 | €1,725 | €1,259 | -€466 | -27.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,591 | €13,449 | -€2,142 | -13.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €8,429 | - | -€8,429 | |
| Other operating charges | 640/8 | €2,421 | €2,417 | -€4 | -0.2% |
| Gross operating margin | 9900 | €15,835 | -€7,099 | -€22,934 | |
| Operating profit (loss) | 9901 | -€12,331 | -€24,224 | -€11,892 | -96.4% |
| Financial income | 75/76B | €65 | €67 | +€3 | +4.2% |
| Recurring financial income | 75 | €65 | €67 | +€3 | +4.2% |
| Financial charges | 65/66B | €751 | €370 | -€380 | -50.7% |
| Recurring financial charges | 65 | €751 | €370 | -€380 | -50.7% |
| Profit (loss) for the period before taxes | 9903 | -€13,017 | -€24,527 | -€11,509 | -88.4% |
| Transfer from deferred taxes | 780 | - | €22 | +€22 | |
| Profit (loss) for the period | 9904 | -€13,017 | -€24,505 | -€11,488 | -88.2% |
| Transfer from tax-exempt reserves | 789 | €22 | - | -€22 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,996 | -€24,505 | -€11,509 | -88.6% |
Next steps
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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 2 November 2026 via checked.be.