Traduver: 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.
Traduver
Largest movements
- Tangible fixed assets +€398,489
up €398,489 (+3,360%), from €11,860 to €410,349
of which Land and buildings: +€385,135
- Cash -€37,479
down €37,479 (-61.3%), from €61,106 to €23,627
mainly Investment in fixed assets (net) (-€425,281) and Contributions, distributions and other (-€10,000)
- Debts after one year +€369,505
new in 2025: €369,505
- Current portion of long-term debt +€16,846
new in 2025: €16,846
- Reserves -€10,000
down €10,000 (-22.0%), from €45,500 to €35,500
- Tax, wage and social debts -€6,710
down €6,710 (-25.4%), from €26,423 to €19,713
of which Taxes: -€6,733
- Trade debts -€4,618
down €4,618 (-74.1%), from €6,234 to €1,616
- Gross operating margin +€24,709
up €24,709 (+129%), from €19,147 to €43,857
- Depreciation +€23,452
up €23,452 (+702%), from €3,339 to €26,792
- Financial charges +€15,947
up €15,947 (+1,017%), from €1,568 to €17,515
- Taxes -€3,628
down €3,628 (-74.3%), from €4,883 to €1,255
- Other operating charges +€550
up €550 (+42.7%), from €1,289 to €1,838
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 | €90,047 | €448,984 | +€358,937 | +399% |
| Fixed assets | 21/28 | €11,861 | €410,350 | +€398,489 | +3,360% |
| Intangible fixed assets | 21 | €1 | €1 | = | 0.0% |
| Tangible fixed assets | 22/27 | €11,860 | €410,349 | +€398,489 | +3,360% |
| Land and buildings | 22 | - | €385,135 | +€385,135 | |
| Plant, machinery and equipment | 23 | €1,504 | €864 | -€639 | -42.5% |
| Furniture and vehicles | 24 | €10,356 | €24,350 | +€13,994 | +135% |
| Current assets | 29/58 | €78,186 | €38,634 | -€39,552 | -50.6% |
| Stocks and contracts in progress | 3 | €2,590 | €1,535 | -€1,055 | -40.7% |
| Stocks | 30/36 | €2,590 | €1,535 | -€1,055 | -40.7% |
| Amounts receivable within one year | 40/41 | €14,073 | €11,592 | -€2,481 | -17.6% |
| Trade receivables | 40 | €14,057 | €11,575 | -€2,481 | -17.7% |
| Other amounts receivable | 41 | €17 | €17 | = | 0.0% |
| Current investments | 50/53 | - | €250 | +€250 | |
| Cash at bank and in hand | 54/58 | €61,106 | €23,627 | -€37,479 | -61.3% |
| Deferred charges and accrued income | 490/1 | €417 | €1,631 | +€1,213 | +291% |
| Total equity and liabilities | 10/49 | €90,047 | €448,984 | +€358,937 | +399% |
| Equity | 10/15 | €49,285 | €35,747 | -€13,537 | -27.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €45,500 | €35,500 | -€10,000 | -22.0% |
| Distributable reserves | 133 | €45,500 | €35,500 | -€10,000 | -22.0% |
| Profit (loss) carried forward | 14 | €785 | -€2,753 | -€3,537 | |
| Amounts payable | 17/49 | €40,763 | €413,237 | +€372,475 | +914% |
| Amounts payable after more than one year | 17 | - | €369,505 | +€369,505 | |
| Financial debts | 170/4 | - | €369,505 | +€369,505 | |
| Amounts payable within one year | 42/48 | €39,263 | €42,332 | +€3,070 | +7.8% |
| Current portion of amounts payable after more than one year | 42 | - | €16,846 | +€16,846 | |
| Trade debts | 44 | €6,234 | €1,616 | -€4,618 | -74.1% |
| Suppliers | 440/4 | €6,234 | €1,616 | -€4,618 | -74.1% |
| Taxes, remuneration and social security | 45 | €26,423 | €19,713 | -€6,710 | -25.4% |
| Taxes | 450/3 | €23,932 | €17,199 | -€6,733 | -28.1% |
| Remuneration and social security | 454/9 | €2,491 | €2,515 | +€24 | +0.9% |
| Other amounts payable | 47/48 | €6,606 | €4,158 | -€2,448 | -37.1% |
| Accrued charges and deferred income | 492/3 | €1,500 | €1,400 | -€100 | -6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,339 | €26,792 | +€23,452 | +702% |
| Other operating charges | 640/8 | €1,289 | €1,838 | +€550 | +42.7% |
| Gross operating margin | 9900 | €19,147 | €43,857 | +€24,709 | +129% |
| Operating profit (loss) | 9901 | €14,519 | €15,227 | +€707 | +4.9% |
| Financial income | 75/76B | €0 | €6 | +€6 | |
| Recurring financial income | 75 | €0 | €6 | +€6 | |
| Financial charges | 65/66B | €1,568 | €17,515 | +€15,947 | +1,017% |
| Recurring financial charges | 65 | €1,568 | €17,515 | +€15,947 | +1,017% |
| Profit (loss) for the period before taxes | 9903 | €12,951 | -€2,283 | -€15,234 | |
| Income taxes | 67/77 | €4,883 | €1,255 | -€3,628 | -74.3% |
| Profit (loss) for the period | 9904 | €8,068 | -€3,537 | -€11,606 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,068 | -€3,537 | -€11,606 |
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 20 October 2026 via checked.be.