TRACY & AZARELLE: 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.
TRACY & AZARELLE
Largest movements
- Receivables within one year +€31,695
up €31,695 (+185%), from €17,087 to €48,782
of which Other amounts receivable: +€32,726
- Profit (loss) carried forward +€28,116
up €28,116 (+358%), from €7,850 to €35,966
- Tax, wage and social debts +€7,530
up €7,530 (+286%), from €2,633 to €10,162
- Trade debts -€4,248
down €4,248 (-78.6%), from €5,408 to €1,160
- Gross operating margin +€25,620
up €25,620 (+243%), from €10,554 to €36,174
- Taxes +€4,897
up €4,897 (+186%), from €2,633 to €7,530
- Other operating charges +€397
new in 2025: €397
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 | €17,391 | €48,788 | +€31,397 | +181% |
| Current assets | 29/58 | €17,391 | €48,788 | +€31,397 | +181% |
| Amounts receivable within one year | 40/41 | €17,087 | €48,782 | +€31,695 | +185% |
| Trade receivables | 40 | €4,574 | €3,543 | -€1,031 | -22.5% |
| Other amounts receivable | 41 | €12,513 | €45,238 | +€32,726 | +262% |
| Cash at bank and in hand | 54/58 | €141 | €7 | -€135 | -95.4% |
| Deferred charges and accrued income | 490/1 | €163 | - | -€163 | |
| Total equity and liabilities | 10/49 | €17,391 | €48,788 | +€31,397 | +181% |
| Equity | 10/15 | €9,350 | €37,466 | +€28,116 | +301% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Capital | 10 | €1,500 | - | -€1,500 | |
| Issued capital | 100 | €1,500 | - | -€1,500 | |
| Profit (loss) carried forward | 14 | €7,850 | €35,966 | +€28,116 | +358% |
| Amounts payable | 17/49 | €8,041 | €11,322 | +€3,281 | +40.8% |
| Amounts payable within one year | 42/48 | €8,041 | €11,322 | +€3,281 | +40.8% |
| Trade debts | 44 | €5,408 | €1,160 | -€4,248 | -78.6% |
| Suppliers | 440/4 | €5,408 | €1,160 | -€4,248 | -78.6% |
| Taxes, remuneration and social security | 45 | €2,633 | €10,162 | +€7,530 | +286% |
| Taxes | 450/3 | €2,633 | €10,162 | +€7,530 | +286% |
| Other operating charges | 640/8 | - | €397 | +€397 | |
| Gross operating margin | 9900 | €10,554 | €36,174 | +€25,620 | +243% |
| Operating profit (loss) | 9901 | €10,554 | €35,777 | +€25,223 | +239% |
| Financial charges | 65/66B | €72 | €132 | +€60 | +83.7% |
| Recurring financial charges | 65 | €72 | €132 | +€60 | +83.7% |
| Profit (loss) for the period before taxes | 9903 | €10,482 | €35,646 | +€25,163 | +240% |
| Income taxes | 67/77 | €2,633 | €7,530 | +€4,897 | +186% |
| Profit (loss) for the period | 9904 | €7,850 | €28,116 | +€20,266 | +258% |
| Profit (loss) for the period to be appropriated | 9905 | €7,850 | €28,116 | +€20,266 | +258% |
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 30 October 2026 via checked.be.