Traction Sud: 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.
What changed
Traction Sud
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€21,198
2024 · €8,946-€30,144
Equity
€453,770
2024 · €474,968-€21,198
Cash
€1,522
2024 · €3,810-€2,288
Balance sheet total
€680,442
2024 · €693,831-€13,389
Largest movements
Assets
- Receivables within one year -€9,215
down €9,215 (-48.0%), from €19,184 to €9,969
of which Other amounts receivable: -€5,000
Equity and liabilities
- Profit (loss) carried forward -€21,198
down €21,198 (-11.8%), from €179,917 to €158,719
Income statement
- Gross operating margin -€29,655
down €29,655, from €15,857 to -€13,798
- Depreciation +€983
up €983 (+18.3%), from €5,380 to €6,363
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.
Result 2024
€8,946
Gross operating margin
-€29,655
Depreciation
-€983
Other operating charges
+€154
Other operating items
+€472
Financial income
-€20
Financial charges
-€55
Taxes
-€57
Result 2025
-€21,198
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€1,792
Investment
-€4,080
Financing
€0
Cash 2024
€3,810
From operations (derived)
+€1,792
Net result for the year
-€21,198
Depreciation
+€6,363
Receivables within one year
+€9,215
Deferred charges and accrued income
-€397
Trade debts
+€6,631
Tax, wage and social debts
-€2,198
Other debts
+€3,376
Investment (derived)
-€4,080
Investment in fixed assets (net)
-€4,080
Cash 2025
€1,522
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €693,831 | €680,442 | -€13,389 | -1.9% |
| Fixed assets | 21/28 | €153,938 | €151,655 | -€2,283 | -1.5% |
| Tangible fixed assets | 22/27 | €153,938 | €151,655 | -€2,283 | -1.5% |
| Land and buildings | 22 | €147,131 | €145,850 | -€1,281 | -0.9% |
| Plant, machinery and equipment | 23 | - | €1,091 | +€1,091 | |
| Furniture and vehicles | 24 | €6,807 | €4,714 | -€2,093 | -30.7% |
| Current assets | 29/58 | €539,893 | €528,787 | -€11,106 | -2.1% |
| Amounts receivable after more than one year | 29 | €365,000 | €365,000 | = | 0.0% |
| Other amounts receivable | 291 | €365,000 | €365,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €19,184 | €9,969 | -€9,215 | -48.0% |
| Trade receivables | 40 | €9,316 | €5,101 | -€4,215 | -45.2% |
| Other amounts receivable | 41 | €9,868 | €4,868 | -€5,000 | -50.7% |
| Cash at bank and in hand | 54/58 | €3,810 | €1,522 | -€2,288 | -60.1% |
| Deferred charges and accrued income | 490/1 | €151,899 | €152,296 | +€397 | +0.3% |
| Total equity and liabilities | 10/49 | €693,831 | €680,442 | -€13,389 | -1.9% |
| Equity | 10/15 | €474,968 | €453,770 | -€21,198 | -4.5% |
| Contributions | 10/11 | €40,902 | €40,902 | = | 0.0% |
| Reserves | 13 | €254,149 | €254,149 | = | 0.0% |
| Non-distributable reserves | 130/1 | €397 | €397 | = | 0.0% |
| Reserves not available under the articles | 1311 | €397 | €397 | = | 0.0% |
| Tax-exempt reserves | 132 | €714 | €714 | = | 0.0% |
| Distributable reserves | 133 | €253,038 | €253,038 | = | 0.0% |
| Profit (loss) carried forward | 14 | €179,917 | €158,719 | -€21,198 | -11.8% |
| Amounts payable | 17/49 | €218,863 | €226,672 | +€7,809 | +3.6% |
| Amounts payable within one year | 42/48 | €218,863 | €226,672 | +€7,809 | +3.6% |
| Trade debts | 44 | €5,701 | €12,332 | +€6,631 | +116% |
| Suppliers | 440/4 | €5,701 | €12,332 | +€6,631 | +116% |
| Advances received on contracts in progress | 46 | €147,691 | €147,691 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €2,810 | €612 | -€2,198 | -78.2% |
| Taxes | 450/3 | €2,810 | €612 | -€2,198 | -78.2% |
| Other amounts payable | 47/48 | €62,661 | €66,037 | +€3,376 | +5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,380 | €6,363 | +€983 | +18.3% |
| Other operating charges | 640/8 | €7,888 | €7,734 | -€154 | -2.0% |
| Non-recurring operating charges | 66A | €472 | - | -€472 | |
| Gross operating margin | 9900 | €15,857 | -€13,798 | -€29,655 | |
| Operating profit (loss) | 9901 | €2,117 | -€27,895 | -€30,012 | |
| Financial income | 75/76B | €7,324 | €7,304 | -€20 | -0.3% |
| Recurring financial income | 75 | €7,324 | €7,304 | -€20 | -0.3% |
| Financial charges | 65/66B | €209 | €264 | +€55 | +26.3% |
| Recurring financial charges | 65 | €209 | €264 | +€55 | +26.3% |
| Profit (loss) for the period before taxes | 9903 | €9,232 | -€20,855 | -€30,087 | |
| Income taxes | 67/77 | €286 | €343 | +€57 | +19.9% |
| Profit (loss) for the period | 9904 | €8,946 | -€21,198 | -€30,144 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,946 | -€21,198 | -€30,144 |
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 14 October 2026 via checked.be.