TRACOMAT: 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.
TRACOMAT
Largest movements
- Cash +€233,087
up €233,087 (+235%), from €98,999 to €332,086
mainly Depreciation (+€215,353) and Net result for the year (+€153,479)
- Tangible fixed assets -€76,853
down €76,853 (-9.8%), from €781,180 to €704,327
of which Plant, machinery and equipment: -€54,431
- Profit (loss) carried forward +€153,479
up €153,479 (+19.9%), from €771,857 to €925,336
- Tax, wage and social debts +€22,886
up €22,886 (+158%), from €14,518 to €37,404
of which Taxes: +€20,472
- Trade debts -€11,976
down €11,976 (-25.1%), from €47,700 to €35,723
- Gross operating margin +€123,360
up €123,360 (+24.9%), from €496,169 to €619,529
- Taxes +€40,356
new in 2025: €40,356
- Other operating charges -€31,258
down €31,258 (-55.6%), from €56,266 to €25,008
- Depreciation -€30,480
down €30,480 (-12.4%), from €245,833 to €215,353
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.
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 | €961,340 | €1,124,985 | +€163,645 | +17.0% |
| Fixed assets | 21/28 | €783,455 | €706,602 | -€76,853 | -9.8% |
| Tangible fixed assets | 22/27 | €781,180 | €704,327 | -€76,853 | -9.8% |
| Land and buildings | 22 | €102,481 | €95,854 | -€6,626 | -6.5% |
| Plant, machinery and equipment | 23 | €233,861 | €179,430 | -€54,431 | -23.3% |
| Furniture and vehicles | 24 | €444,838 | €418,543 | -€26,296 | -5.9% |
| Assets under construction and advance payments | 27 | - | €10,500 | +€10,500 | |
| Financial fixed assets | 28 | €2,275 | €2,275 | = | 0.0% |
| Current assets | 29/58 | €177,885 | €418,382 | +€240,497 | +135% |
| Amounts receivable within one year | 40/41 | €73,610 | €83,402 | +€9,792 | +13.3% |
| Trade receivables | 40 | €25,647 | €74,502 | +€48,856 | +190% |
| Other amounts receivable | 41 | €47,963 | €8,900 | -€39,064 | -81.4% |
| Cash at bank and in hand | 54/58 | €98,999 | €332,086 | +€233,087 | +235% |
| Deferred charges and accrued income | 490/1 | €5,276 | €2,895 | -€2,381 | -45.1% |
| Total equity and liabilities | 10/49 | €961,340 | €1,124,985 | +€163,645 | +17.0% |
| Equity | 10/15 | €899,053 | €1,051,827 | +€152,774 | +17.0% |
| Contributions | 10/11 | €64,451 | €64,451 | = | 0.0% |
| Reserves | 13 | €50,000 | €50,000 | = | 0.0% |
| Distributable reserves | 133 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €771,857 | €925,336 | +€153,479 | +19.9% |
| Investment grants | 15 | €12,745 | €12,040 | -€705 | -5.5% |
| Amounts payable | 17/49 | €62,287 | €73,158 | +€10,871 | +17.5% |
| Amounts payable within one year | 42/48 | €62,248 | €73,158 | +€10,910 | +17.5% |
| Trade debts | 44 | €47,700 | €35,723 | -€11,976 | -25.1% |
| Suppliers | 440/4 | €47,700 | €35,723 | -€11,976 | -25.1% |
| Taxes, remuneration and social security | 45 | €14,518 | €37,404 | +€22,886 | +158% |
| Taxes | 450/3 | €387 | €20,859 | +€20,472 | +5,294% |
| Remuneration and social security | 454/9 | €14,131 | €16,545 | +€2,414 | +17.1% |
| Other amounts payable | 47/48 | €31 | €31 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €39 | - | -€39 | |
| Remuneration, social security and pensions | 62 | €183,316 | €184,955 | +€1,639 | +0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €245,833 | €215,353 | -€30,480 | -12.4% |
| Other operating charges | 640/8 | €56,266 | €25,008 | -€31,258 | -55.6% |
| Gross operating margin | 9900 | €496,169 | €619,529 | +€123,360 | +24.9% |
| Operating profit (loss) | 9901 | €10,753 | €194,213 | +€183,460 | +1,706% |
| Financial income | 75/76B | €705 | €711 | +€6 | +0.8% |
| Recurring financial income | 75 | €705 | €711 | +€6 | +0.8% |
| Financial charges | 65/66B | €1,064 | €1,089 | +€25 | +2.3% |
| Recurring financial charges | 65 | €1,064 | €1,089 | +€25 | +2.3% |
| Profit (loss) for the period before taxes | 9903 | €10,395 | €193,836 | +€183,441 | +1,765% |
| Income taxes | 67/77 | - | €40,356 | +€40,356 | |
| Profit (loss) for the period | 9904 | €10,395 | €153,479 | +€143,085 | +1,377% |
| Profit (loss) for the period to be appropriated | 9905 | €10,395 | €153,479 | +€143,085 | +1,377% |
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 13 October 2026 via checked.be.