TRACORE: what changed
Two fiscal 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.
TRACORE
Largest movements
- Tangible fixed assets -€66,436
down €66,436 (-9.1%), from €733,773 to €667,338
of which Land and buildings: -€63,514
- Receivables within one year -€31,203
down €31,203 (-41.5%), from €75,276 to €44,072
of which Other amounts receivable: -€70,497
- Debts after one year -€101,369
down €101,369 (-6.6%), from €1.5m to €1.4m
- Other debts -€76,856
down €76,856 (-100.0%), from €76,878 to €22
- Profit (loss) carried forward +€68,106
up €68,106 (+4.3%), from -€1.6m to -€1.5m
- Revaluation surpluses -€13,897
down €13,897 (-7.7%), from €179,370 to €165,473
- Reserves +€13,897
up €13,897 (+9.6%), from €144,739 to €158,636
of which Distributable reserves: +€13,897
- Gross operating margin -€70,783
down €70,783 (-28.4%), from €248,989 to €178,206
- Other operating charges -€57,919
down €57,919 (-71.1%), from €81,470 to €23,552
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 | €840,540 | €749,795 | -€90,744 | -10.8% |
| Fixed assets | 21/28 | €733,773 | €667,338 | -€66,436 | -9.1% |
| Tangible fixed assets | 22/27 | €733,773 | €667,338 | -€66,436 | -9.1% |
| Land and buildings | 22 | €727,733 | €664,218 | -€63,514 | -8.7% |
| Furniture and vehicles | 24 | €4,241 | €1,619 | -€2,621 | -61.8% |
| Other tangible fixed assets | 26 | €1,800 | €1,500 | -€300 | -16.7% |
| Current assets | 29/58 | €106,766 | €82,458 | -€24,309 | -22.8% |
| Amounts receivable within one year | 40/41 | €75,276 | €44,072 | -€31,203 | -41.5% |
| Trade receivables | 40 | €4,779 | €44,072 | +€39,294 | +822.3% |
| Other amounts receivable | 41 | €70,497 | €0 | -€70,497 | -100.0% |
| Cash at bank and in hand | 54/58 | €24,291 | €30,772 | +€6,482 | +26.7% |
| Deferred charges and accrued income | 490/1 | €7,200 | €7,613 | +€413 | +5.7% |
| Total equity and liabilities | 10/49 | €840,540 | €749,795 | -€90,744 | -10.8% |
| Equity | 10/15 | -€1,144,844 | -€1,076,738 | +€68,106 | +5.9% |
| Contributions | 10/11 | €130,144 | €130,144 | = | 0.0% |
| Revaluation surpluses | 12 | €179,370 | €165,473 | -€13,897 | -7.7% |
| Reserves | 13 | €144,739 | €158,636 | +€13,897 | +9.6% |
| Non-distributable reserves | 130/1 | €14,254 | €14,254 | = | 0.0% |
| Reserves not available under the articles | 1311 | €14,254 | €14,254 | = | 0.0% |
| Tax-exempt reserves | 132 | €33,209 | €33,209 | = | 0.0% |
| Distributable reserves | 133 | €97,277 | €111,173 | +€13,897 | +14.3% |
| Profit (loss) carried forward | 14 | -€1,599,098 | -€1,530,991 | +€68,106 | +4.3% |
| Amounts payable | 17/49 | €1,985,384 | €1,826,533 | -€158,851 | -8.0% |
| Amounts payable after more than one year | 17 | €1,526,589 | €1,425,220 | -€101,369 | -6.6% |
| Other amounts payable | 178/9 | €1,526,589 | €1,425,220 | -€101,369 | -6.6% |
| Amounts payable within one year | 42/48 | €179,096 | €109,378 | -€69,718 | -38.9% |
| Financial debts | 43 | €82,398 | €85,712 | +€3,314 | +4.0% |
| Credit institutions | 430/8 | €82,398 | €85,712 | +€3,314 | +4.0% |
| Trade debts | 44 | €3,354 | €4,631 | +€1,277 | +38.1% |
| Suppliers | 440/4 | €3,354 | €4,631 | +€1,277 | +38.1% |
| Taxes, remuneration and social security | 45 | €16,466 | €19,012 | +€2,546 | +15.5% |
| Taxes | 450/3 | €16,466 | €19,012 | +€2,546 | +15.5% |
| Other amounts payable | 47/48 | €76,878 | €22 | -€76,856 | -100.0% |
| Accrued charges and deferred income | 492/3 | €279,699 | €291,936 | +€12,237 | +4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,550 | €66,436 | -€115 | -0.2% |
| Other operating charges | 640/8 | €81,470 | €23,552 | -€57,919 | -71.1% |
| Gross operating margin | 9900 | €248,989 | €178,206 | -€70,783 | -28.4% |
| Operating profit (loss) | 9901 | €100,969 | €88,219 | -€12,750 | -12.6% |
| Financial income | 75/76B | €74 | €2,033 | +€1,959 | +2653.9% |
| Recurring financial income | 75 | €74 | €2,033 | +€1,959 | +2653.9% |
| Financial charges | 65/66B | €24,361 | €21,972 | -€2,388 | -9.8% |
| Recurring financial charges | 65 | €24,361 | €21,972 | -€2,388 | -9.8% |
| Profit (loss) for the period before taxes | 9903 | €76,682 | €68,279 | -€8,403 | -11.0% |
| Income taxes | 67/77 | €668 | €173 | -€495 | -74.1% |
| Profit (loss) for the period | 9904 | €76,014 | €68,106 | -€7,908 | -10.4% |
| Profit (loss) for the period to be appropriated | 9905 | €76,014 | €68,106 | -€7,908 | -10.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.