TRACOVI: 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.
TRACOVI
Largest movements
- Receivables within one year +€9,954
up €9,954 (+658%), from €1,514 to €11,468
of which Trade receivables: +€9,942
- Stocks and contracts +€6,170
new in 2025: €6,170
- Deferred charges and accrued income +€470
up €470 (+129%), from €363 to €832
- Cash +€380
up €380 (+301%), from €127 to €507
mainly Other debts (+€18,728) and Net result for the year (+€7,715)
- Other debts +€18,728
up €18,728 (+355%), from €5,275 to €24,003
- Current portion of long-term debt -€15,088
no longer reported in 2025 (was €15,088)
- Profit (loss) carried forward +€7,715
up €7,715 (+13.9%), from -€55,683 to -€47,969
- Trade debts +€5,598
up €5,598 (+106%), from €5,287 to €10,885
- Tax, wage and social debts +€671
up €671 (+56.3%), from €1,192 to €1,863
- Turnover -€84,795
no longer reported in 2025 (was €84,795)
- Purchases and services -€81,613
no longer reported in 2025 (was €81,613)
- Gross operating margin +€10,717
up €10,717 (+337%), from €3,182 to €13,899
- Financial income -€3,256
down €3,256 (-99.7%), from €3,264 to €9
- Depreciation -€1,229
down €1,229 (-31.6%), from €3,890 to €2,661
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 | €6,956 | €24,083 | +€17,127 | +246% |
| Fixed assets | 21/28 | €4,953 | €5,106 | +€153 | +3.1% |
| Tangible fixed assets | 22/27 | €4,754 | €4,906 | +€153 | +3.2% |
| Furniture and vehicles | 24 | €4,754 | €4,906 | +€153 | +3.2% |
| Financial fixed assets | 28 | €199 | €199 | = | 0.0% |
| Current assets | 29/58 | €2,003 | €18,977 | +€16,974 | +847% |
| Stocks and contracts in progress | 3 | - | €6,170 | +€6,170 | |
| Stocks | 30/36 | - | €6,170 | +€6,170 | |
| Amounts receivable within one year | 40/41 | €1,514 | €11,468 | +€9,954 | +658% |
| Trade receivables | 40 | €1,514 | €11,456 | +€9,942 | +657% |
| Other amounts receivable | 41 | - | €12 | +€12 | |
| Cash at bank and in hand | 54/58 | €127 | €507 | +€380 | +301% |
| Deferred charges and accrued income | 490/1 | €363 | €832 | +€470 | +129% |
| Total equity and liabilities | 10/49 | €6,956 | €24,083 | +€17,127 | +246% |
| Equity | 10/15 | -€35,224 | -€27,509 | +€7,715 | +21.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | - | -€18,600 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | - | -€1,859 | |
| Reserves not available under the articles | 1311 | - | €1,859 | +€1,859 | |
| Profit (loss) carried forward | 14 | -€55,683 | -€47,969 | +€7,715 | +13.9% |
| Amounts payable | 17/49 | €42,180 | €51,592 | +€9,412 | +22.3% |
| Amounts payable within one year | 42/48 | €42,180 | €51,592 | +€9,412 | +22.3% |
| Current portion of amounts payable after more than one year | 42 | €15,088 | - | -€15,088 | |
| Financial debts | 43 | €15,339 | €14,842 | -€497 | -3.2% |
| Credit institutions | 430/8 | €15,339 | €14,842 | -€497 | -3.2% |
| Trade debts | 44 | €5,287 | €10,885 | +€5,598 | +106% |
| Suppliers | 440/4 | €5,287 | €10,885 | +€5,598 | +106% |
| Taxes, remuneration and social security | 45 | €1,192 | €1,863 | +€671 | +56.3% |
| Taxes | 450/3 | €1,192 | €1,863 | +€671 | +56.3% |
| Other amounts payable | 47/48 | €5,275 | €24,003 | +€18,728 | +355% |
| Turnover | 70 | €84,795 | - | -€84,795 | |
| Goods, raw materials, services and sundry goods | 60/61 | €81,613 | - | -€81,613 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,890 | €2,661 | -€1,229 | -31.6% |
| Other operating charges | 640/8 | €387 | €401 | +€13 | +3.5% |
| Gross operating margin | 9900 | €3,182 | €13,899 | +€10,717 | +337% |
| Operating profit (loss) | 9901 | -€1,095 | €10,837 | +€11,933 | |
| Financial income | 75/76B | €3,264 | €9 | -€3,256 | -99.7% |
| Recurring financial income | 75 | €3,264 | €9 | -€3,256 | -99.7% |
| Financial charges | 65/66B | €3,934 | €3,131 | -€802 | -20.4% |
| Recurring financial charges | 65 | €3,934 | €3,131 | -€802 | -20.4% |
| Profit (loss) for the period before taxes | 9903 | -€1,765 | €7,715 | +€9,479 | |
| Profit (loss) for the period | 9904 | -€1,765 | €7,715 | +€9,479 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,765 | €7,715 | +€9,479 |
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 25 October 2026 via checked.be.