TRACOTECH: 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.
TRACOTECH
Largest movements
- Current investments -€553,503
down €553,503 (-22.7%), from €2.4m to €1.9m
- Tangible fixed assets +€87,666
up €87,666 (+8.9%), from €986,720 to €1.1m
of which Leasing and similar rights: +€56,550
- Other debts -€254,328
down €254,328 (-55.5%), from €457,947 to €203,619
- Reserves -€162,336
down €162,336 (-9.8%), from €1.7m to €1.5m
- Tax, wage and social debts -€44,249
down €44,249 (-96.8%), from €45,731 to €1,482
- Gross operating margin +€15,655
up €15,655 (+54.3%), from €28,822 to €44,478
- Depreciation +€12,550
up €12,550 (+15.9%), from €79,177 to €91,727
- Financial income -€6,013
down €6,013 (-8.3%), from €72,488 to €66,476
- Other operating charges +€2,431
up €2,431 (+25.7%), from €9,466 to €11,897
- Financial charges -€1,020
down €1,020 (-11.7%), from €8,682 to €7,662
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 | €3,940,821 | €3,455,211 | -€485,611 | -12.3% |
| Fixed assets | 21/28 | €987,320 | €1,084,228 | +€96,908 | +9.8% |
| Intangible fixed assets | 21 | - | €9,243 | +€9,243 | |
| Tangible fixed assets | 22/27 | €986,720 | €1,074,386 | +€87,666 | +8.9% |
| Furniture and vehicles | 24 | €44,728 | €30,249 | -€14,479 | -32.4% |
| Leasing and similar rights | 25 | €834,188 | €890,739 | +€56,550 | +6.8% |
| Other tangible fixed assets | 26 | €107,804 | €153,398 | +€45,594 | +42.3% |
| Financial fixed assets | 28 | €600 | €600 | = | 0.0% |
| Current assets | 29/58 | €2,953,501 | €2,370,982 | -€582,519 | -19.7% |
| Amounts receivable after more than one year | 29 | €250,000 | €250,000 | = | 0.0% |
| Other amounts receivable | 291 | €250,000 | €250,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €174,305 | €177,824 | +€3,519 | +2.0% |
| Trade receivables | 40 | €929 | €2,220 | +€1,291 | +138.9% |
| Other amounts receivable | 41 | €173,376 | €175,604 | +€2,228 | +1.3% |
| Current investments | 50/53 | €2,443,518 | €1,890,015 | -€553,503 | -22.7% |
| Cash at bank and in hand | 54/58 | €69,988 | €41,705 | -€28,283 | -40.4% |
| Deferred charges and accrued income | 490/1 | €15,690 | €11,438 | -€4,252 | -27.1% |
| Total equity and liabilities | 10/49 | €3,940,821 | €3,455,211 | -€485,611 | -12.3% |
| Equity | 10/15 | €3,278,386 | €3,116,050 | -€162,336 | -5.0% |
| Contributions | 10/11 | €1,627,550 | €1,627,550 | = | 0.0% |
| Reserves | 13 | €1,650,836 | €1,488,500 | -€162,336 | -9.8% |
| Distributable reserves | 133 | €1,650,836 | €1,488,500 | -€162,336 | -9.8% |
| Amounts payable | 17/49 | €662,435 | €339,160 | -€323,275 | -48.8% |
| Amounts payable after more than one year | 17 | €121,366 | €88,807 | -€32,558 | -26.8% |
| Financial debts | 170/4 | €116,906 | €85,417 | -€31,488 | -26.9% |
| Other amounts payable | 178/9 | €4,460 | €3,390 | -€1,070 | -24.0% |
| Amounts payable within one year | 42/48 | €537,604 | €247,888 | -€289,716 | -53.9% |
| Current portion of amounts payable after more than one year | 42 | €31,196 | €31,488 | +€292 | +0.9% |
| Trade debts | 44 | €2,731 | €11,299 | +€8,569 | +313.8% |
| Suppliers | 440/4 | €2,731 | €11,299 | +€8,569 | +313.8% |
| Taxes, remuneration and social security | 45 | €45,731 | €1,482 | -€44,249 | -96.8% |
| Taxes | 450/3 | €45,731 | €1,482 | -€44,249 | -96.8% |
| Other amounts payable | 47/48 | €457,947 | €203,619 | -€254,328 | -55.5% |
| Accrued charges and deferred income | 492/3 | €3,465 | €2,465 | -€1,000 | -28.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79,177 | €91,727 | +€12,550 | +15.9% |
| Other operating charges | 640/8 | €9,466 | €11,897 | +€2,431 | +25.7% |
| Gross operating margin | 9900 | €28,822 | €44,478 | +€15,655 | +54.3% |
| Operating profit (loss) | 9901 | -€59,821 | -€59,147 | +€674 | +1.1% |
| Financial income | 75/76B | €72,488 | €66,476 | -€6,013 | -8.3% |
| Recurring financial income | 75 | €72,488 | €66,476 | -€6,013 | -8.3% |
| Financial charges | 65/66B | €8,682 | €7,662 | -€1,020 | -11.7% |
| Recurring financial charges | 65 | €8,682 | €7,662 | -€1,020 | -11.7% |
| Profit (loss) for the period before taxes | 9903 | €3,985 | -€333 | -€4,318 | |
| Income taxes | 67/77 | €565 | €208 | -€357 | -63.2% |
| Profit (loss) for the period | 9904 | €3,420 | -€541 | -€3,961 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,420 | -€541 | -€3,961 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.