TRACHET: 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.
TRACHET
Largest movements
- Cash +€95,134
up €95,134 (+38.6%), from €246,677 to €341,811
mainly Depreciation (+€55,354) and Net result for the year (+€44,606)
- Stocks and contracts +€73,066
up €73,066 (+18.9%), from €386,031 to €459,097
- Receivables within one year -€43,426
down €43,426 (-13.9%), from €312,115 to €268,689
of which Trade receivables: -€58,474
- Financial fixed assets -€40,000
down €40,000 (-57.8%), from €69,156 to €29,156
- Tangible fixed assets -€36,479
down €36,479 (-20.9%), from €174,573 to €138,094
of which Other tangible fixed assets: -€23,836
- Profit (loss) carried forward +€44,606
up €44,606 (+26.6%), from -€167,643 to -€123,036
- Trade debts +€31,092
up €31,092 (+32.0%), from €97,189 to €128,281
- Debts after one year -€20,000
down €20,000 (-57.1%), from €35,000 to €15,000
- Gross operating margin -€83,237
down €83,237 (-20.7%), from €401,947 to €318,710
- Staff costs +€21,659
up €21,659 (+11.0%), from €196,182 to €217,840
- Write-downs -€4,539
down €4,539 (-264.7%), from -€1,715 to -€6,255
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 | €1,256,821 | €1,311,313 | +€54,493 | +4.3% |
| Fixed assets | 21/28 | €308,754 | €215,819 | -€92,935 | -30.1% |
| Intangible fixed assets | 21 | €65,025 | €48,570 | -€16,456 | -25.3% |
| Tangible fixed assets | 22/27 | €174,573 | €138,094 | -€36,479 | -20.9% |
| Plant, machinery and equipment | 23 | €44,919 | €35,266 | -€9,652 | -21.5% |
| Furniture and vehicles | 24 | €3,245 | €254 | -€2,991 | -92.2% |
| Other tangible fixed assets | 26 | €126,409 | €102,573 | -€23,836 | -18.9% |
| Financial fixed assets | 28 | €69,156 | €29,156 | -€40,000 | -57.8% |
| Current assets | 29/58 | €948,067 | €1,095,494 | +€147,427 | +15.6% |
| Stocks and contracts in progress | 3 | €386,031 | €459,097 | +€73,066 | +18.9% |
| Stocks | 30/36 | €386,031 | €459,097 | +€73,066 | +18.9% |
| Amounts receivable within one year | 40/41 | €312,115 | €268,689 | -€43,426 | -13.9% |
| Trade receivables | 40 | €306,730 | €248,255 | -€58,474 | -19.1% |
| Other amounts receivable | 41 | €5,385 | €20,434 | +€15,048 | +279.4% |
| Cash at bank and in hand | 54/58 | €246,677 | €341,811 | +€95,134 | +38.6% |
| Deferred charges and accrued income | 490/1 | €3,243 | €25,897 | +€22,653 | +698.4% |
| Total equity and liabilities | 10/49 | €1,256,821 | €1,311,313 | +€54,493 | +4.3% |
| Equity | 10/15 | €1,082,357 | €1,126,964 | +€44,606 | +4.1% |
| Contributions | 10/11 | €1,250,000 | €1,250,000 | = | 0.0% |
| Capital | 10 | €1,250,000 | €1,250,000 | = | 0.0% |
| Issued capital | 100 | €1,250,000 | €1,250,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€167,643 | -€123,036 | +€44,606 | +26.6% |
| Provisions and deferred taxes | 16 | €11,950 | €11,950 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €11,950 | €11,950 | = | 0.0% |
| Environmental obligations | 163 | €1,950 | €1,950 | = | 0.0% |
| Other liabilities and charges | 164/5 | €10,000 | €10,000 | = | 0.0% |
| Amounts payable | 17/49 | €162,513 | €172,400 | +€9,886 | +6.1% |
| Amounts payable after more than one year | 17 | €35,000 | €15,000 | -€20,000 | -57.1% |
| Other amounts payable | 178/9 | €35,000 | €15,000 | -€20,000 | -57.1% |
| Amounts payable within one year | 42/48 | €126,995 | €157,400 | +€30,404 | +23.9% |
| Trade debts | 44 | €97,189 | €128,281 | +€31,092 | +32.0% |
| Suppliers | 440/4 | €97,189 | €128,281 | +€31,092 | +32.0% |
| Taxes, remuneration and social security | 45 | €29,806 | €29,118 | -€688 | -2.3% |
| Taxes | 450/3 | €6,934 | €5,887 | -€1,047 | -15.1% |
| Remuneration and social security | 454/9 | €22,872 | €23,231 | +€359 | +1.6% |
| Accrued charges and deferred income | 492/3 | €518 | - | -€518 | |
| Remuneration, social security and pensions | 62 | €196,182 | €217,840 | +€21,659 | +11.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,966 | €55,354 | +€2,387 | +4.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,715 | -€6,255 | -€4,539 | -264.7% |
| Other operating charges | 640/8 | €2,521 | €2,173 | -€348 | -13.8% |
| Gross operating margin | 9900 | €401,947 | €318,710 | -€83,237 | -20.7% |
| Operating profit (loss) | 9901 | €151,993 | €49,598 | -€102,395 | -67.4% |
| Financial income | 75/76B | €417 | €275 | -€142 | -33.9% |
| Recurring financial income | 75 | €417 | €275 | -€142 | -33.9% |
| Financial charges | 65/66B | €7,876 | €5,246 | -€2,631 | -33.4% |
| Recurring financial charges | 65 | €7,876 | €5,246 | -€2,631 | -33.4% |
| Profit (loss) for the period before taxes | 9903 | €144,533 | €44,628 | -€99,905 | -69.1% |
| Income taxes | 67/77 | €174 | €22 | -€153 | -87.6% |
| Profit (loss) for the period | 9904 | €144,359 | €44,606 | -€99,753 | -69.1% |
| Profit (loss) for the period to be appropriated | 9905 | €144,359 | €44,606 | -€99,753 | -69.1% |
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.