TRACON: 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.
TRACON
Largest movements
- Cash -€239,428
down €239,428 (-57.1%), from €419,344 to €179,916
mainly Contributions, distributions and other (-€400,098) and Trade debts (-€159,021)
- Receivables within one year +€42,493
up €42,493 (+5.8%), from €729,330 to €771,823
of which Trade receivables: +€43,566
- Tangible fixed assets -€19,956
down €19,956 (-30.5%), from €65,455 to €45,499
of which Furniture and vehicles: -€19,785
- Reserves -€242,770
down €242,770 (-99.9%), from €243,098 to €328
- Trade debts -€159,021
down €159,021 (-23.2%), from €685,508 to €526,487
- Other debts +€95,583
up €95,583 (+80.1%), from €119,395 to €214,978
- Debts after one year +€90,000
up €90,000 (+81.8%), from €110,000 to €200,000
- Gross operating margin -€59,630
down €59,630 (-13.1%), from €456,926 to €397,295
- Taxes -€16,759
down €16,759 (-23.2%), from €72,288 to €55,529
- Staff costs +€5,435
up €5,435 (+3.4%), from €158,655 to €164,091
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 | €1,217,493 | €1,001,090 | -€216,403 | -17.8% |
| Fixed assets | 21/28 | €65,455 | €45,499 | -€19,956 | -30.5% |
| Tangible fixed assets | 22/27 | €65,455 | €45,499 | -€19,956 | -30.5% |
| Furniture and vehicles | 24 | €64,047 | €44,262 | -€19,785 | -30.9% |
| Other tangible fixed assets | 26 | €1,408 | €1,237 | -€171 | -12.2% |
| Current assets | 29/58 | €1,152,038 | €955,591 | -€196,446 | -17.1% |
| Amounts receivable within one year | 40/41 | €729,330 | €771,823 | +€42,493 | +5.8% |
| Trade receivables | 40 | €720,638 | €764,204 | +€43,566 | +6.0% |
| Other amounts receivable | 41 | €8,692 | €7,619 | -€1,073 | -12.3% |
| Cash at bank and in hand | 54/58 | €419,344 | €179,916 | -€239,428 | -57.1% |
| Deferred charges and accrued income | 490/1 | €3,364 | €3,852 | +€489 | +14.5% |
| Total equity and liabilities | 10/49 | €1,217,493 | €1,001,090 | -€216,403 | -17.8% |
| Equity | 10/15 | €248,098 | €5,328 | -€242,770 | -97.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €243,098 | €328 | -€242,770 | -99.9% |
| Distributable reserves | 133 | €243,098 | €328 | -€242,770 | -99.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €969,395 | €995,762 | +€26,367 | +2.7% |
| Amounts payable after more than one year | 17 | €110,000 | €200,000 | +€90,000 | +81.8% |
| Financial debts | 170/4 | €110,000 | €200,000 | +€90,000 | +81.8% |
| Amounts payable within one year | 42/48 | €857,274 | €794,048 | -€63,226 | -7.4% |
| Trade debts | 44 | €685,508 | €526,487 | -€159,021 | -23.2% |
| Suppliers | 440/4 | €685,508 | €526,487 | -€159,021 | -23.2% |
| Taxes, remuneration and social security | 45 | €52,372 | €52,583 | +€211 | +0.4% |
| Taxes | 450/3 | €28,549 | €28,878 | +€330 | +1.2% |
| Remuneration and social security | 454/9 | €23,823 | €23,704 | -€118 | -0.5% |
| Other amounts payable | 47/48 | €119,395 | €214,978 | +€95,583 | +80.1% |
| Accrued charges and deferred income | 492/3 | €2,121 | €1,714 | -€407 | -19.2% |
| Remuneration, social security and pensions | 62 | €158,655 | €164,091 | +€5,435 | +3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,630 | €21,069 | -€561 | -2.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €2,985 | €2,111 | -€874 | -29.3% |
| Gross operating margin | 9900 | €456,926 | €397,295 | -€59,630 | -13.1% |
| Operating profit (loss) | 9901 | €273,656 | €210,025 | -€63,631 | -23.3% |
| Financial income | 75/76B | €4,510 | €4,563 | +€53 | +1.2% |
| Recurring financial income | 75 | €4,510 | €4,563 | +€53 | +1.2% |
| Financial charges | 65/66B | €1,695 | €1,731 | +€36 | +2.1% |
| Recurring financial charges | 65 | €1,695 | €1,731 | +€36 | +2.1% |
| Profit (loss) for the period before taxes | 9903 | €276,471 | €212,857 | -€63,614 | -23.0% |
| Income taxes | 67/77 | €72,288 | €55,529 | -€16,759 | -23.2% |
| Profit (loss) for the period | 9904 | €204,183 | €157,328 | -€46,854 | -22.9% |
| Profit (loss) for the period to be appropriated | 9905 | €204,183 | €157,328 | -€46,854 | -22.9% |
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 17 October 2026 via checked.be.