TRACOM: 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.
What changed
TRACOM
NACE 46.620, Wholesale of machine tools
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€28,633
2024 · -€57,127+€28,494
Equity
€1.4m
2024 · €1.5m-€28,633
Cash
€171,408
2024 · €63,155+€108,253
Balance sheet total
€1.5m
2024 · €1.5m-€25,908
Largest movements
Assets
- Current investments -€110,000
no longer reported in 2025 (was €110,000)
- Cash +€108,253
up €108,253 (+171%), from €63,155 to €171,408
mainly Current investments (+€110,000) and Depreciation (+€49,272)
- Tangible fixed assets -€28,529
down €28,529 (-2.3%), from €1.3m to €1.2m
of which Land and buildings: -€24,022
Equity and liabilities
- Profit (loss) carried forward -€27,396
down €27,396 (-31.2%), from -€87,733 to -€115,129
Income statement
- Depreciation -€41,074
down €41,074 (-45.5%), from €90,346 to €49,272
- Gross operating margin -€25,304
down €25,304 (-35.6%), from €71,003 to €45,699
- Staff costs -€12,883
down €12,883 (-39.3%), from €32,787 to €19,904
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.
Result 2024
-€57,127
Gross operating margin
-€25,304
Staff costs
+€12,883
Depreciation
+€41,074
Other operating charges
-€597
Financial income
+€64
Financial charges
-€15
Taxes
+€389
Result 2025
-€28,633
raises the resultlowers the result
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.
From operations
+€18,996
Investment
+€89,257
Financing
€0
Cash 2024
€63,155
From operations (derived)
+€18,996
Net result for the year
-€28,633
Depreciation
+€49,272
Receivables within one year
-€4,314
Deferred charges and accrued income
-€54
Provisions
-€412
Trade debts
+€1,485
Tax, wage and social debts
+€1,288
Other debts
+€364
Investment (derived)
+€89,257
Investment in fixed assets (net)
-€20,743
Current investments
+€110,000
Cash 2025
€171,408
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,482,277 | €1,456,369 | -€25,908 | -1.7% |
| Fixed assets | 21/28 | €1,297,114 | €1,268,585 | -€28,529 | -2.2% |
| Intangible fixed assets | 21 | €42,500 | €42,500 | = | 0.0% |
| Tangible fixed assets | 22/27 | €1,254,424 | €1,225,895 | -€28,529 | -2.3% |
| Land and buildings | 22 | €1,247,583 | €1,223,561 | -€24,022 | -1.9% |
| Plant, machinery and equipment | 23 | €6,841 | €2,334 | -€4,507 | -65.9% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Financial fixed assets | 28 | €190 | €190 | = | 0.0% |
| Current assets | 29/58 | €185,163 | €187,784 | +€2,621 | +1.4% |
| Amounts receivable within one year | 40/41 | €12,008 | €16,322 | +€4,314 | +35.9% |
| Trade receivables | 40 | €7,448 | €13,923 | +€6,475 | +86.9% |
| Other amounts receivable | 41 | €4,560 | €2,399 | -€2,161 | -47.4% |
| Current investments | 50/53 | €110,000 | - | -€110,000 | |
| Cash at bank and in hand | 54/58 | €63,155 | €171,408 | +€108,253 | +171% |
| Deferred charges and accrued income | 490/1 | - | €54 | +€54 | |
| Total equity and liabilities | 10/49 | €1,482,277 | €1,456,369 | -€25,908 | -1.7% |
| Equity | 10/15 | €1,453,941 | €1,425,308 | -€28,633 | -2.0% |
| Contributions | 10/11 | €1,270,000 | €1,270,000 | = | 0.0% |
| Capital | 10 | €1,270,000 | €1,270,000 | = | 0.0% |
| Issued capital | 100 | €1,270,000 | €1,270,000 | = | 0.0% |
| Reserves | 13 | €271,674 | €270,437 | -€1,237 | -0.5% |
| Non-distributable reserves | 130/1 | €28,111 | €28,111 | = | 0.0% |
| Legal reserve | 130 | €28,100 | €28,100 | = | 0.0% |
| Other | 1319 | €11 | €11 | = | 0.0% |
| Tax-exempt reserves | 132 | €30,541 | €29,304 | -€1,237 | -4.1% |
| Distributable reserves | 133 | €213,022 | €213,022 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€87,733 | -€115,129 | -€27,396 | -31.2% |
| Provisions and deferred taxes | 16 | €10,168 | €9,756 | -€412 | -4.1% |
| Deferred taxes | 168 | €10,168 | €9,756 | -€412 | -4.1% |
| Amounts payable | 17/49 | €18,168 | €21,305 | +€3,137 | +17.3% |
| Amounts payable within one year | 42/48 | €18,168 | €21,305 | +€3,137 | +17.3% |
| Trade debts | 44 | €4,921 | €6,406 | +€1,485 | +30.2% |
| Suppliers | 440/4 | €4,921 | €6,406 | +€1,485 | +30.2% |
| Taxes, remuneration and social security | 45 | €2,182 | €3,470 | +€1,288 | +59.0% |
| Taxes | 450/3 | €38 | €3,470 | +€3,432 | +9,032% |
| Remuneration and social security | 454/9 | €2,144 | - | -€2,144 | |
| Other amounts payable | 47/48 | €11,065 | €11,429 | +€364 | +3.3% |
| Non-recurring operating income | 76A | €24,000 | - | -€24,000 | |
| Remuneration, social security and pensions | 62 | €32,787 | €19,904 | -€12,883 | -39.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €90,346 | €49,272 | -€41,074 | -45.5% |
| Other operating charges | 640/8 | €6,437 | €7,034 | +€597 | +9.3% |
| Gross operating margin | 9900 | €71,003 | €45,699 | -€25,304 | -35.6% |
| Operating profit (loss) | 9901 | -€58,567 | -€30,511 | +€28,056 | +47.9% |
| Financial income | 75/76B | €2,049 | €2,113 | +€64 | +3.1% |
| Recurring financial income | 75 | €2,049 | €2,113 | +€64 | +3.1% |
| Financial charges | 65/66B | €398 | €413 | +€15 | +3.8% |
| Recurring financial charges | 65 | €398 | €413 | +€15 | +3.8% |
| Profit (loss) for the period before taxes | 9903 | -€56,916 | -€28,811 | +€28,105 | +49.4% |
| Transfer from deferred taxes | 780 | €412 | €412 | = | 0.0% |
| Income taxes | 67/77 | €623 | €234 | -€389 | -62.4% |
| Profit (loss) for the period | 9904 | -€57,127 | -€28,633 | +€28,494 | +49.9% |
| Transfer from tax-exempt reserves | 789 | €1,236 | €1,237 | +€1 | +0.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€55,891 | -€27,396 | +€28,495 | +51.0% |
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 18 October 2026 via checked.be.