Trae: 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.
Trae
Largest movements
- Stocks and contracts +€690,995
up €690,995 (+188.7%), from €366,152 to €1.1m
- Receivables within one year +€404,167
up €404,167 (+24.3%), from €1.7m to €2.1m
of which Trade receivables: +€401,449
- Cash -€208,926
down €208,926 (-61.2%), from €341,370 to €132,444
mainly Stocks and contracts (-€690,995) and Receivables within one year (-€404,167)
- Other debts +€592,210
up €592,210 (+120.2%), from €492,499 to €1.1m
- Trade debts +€194,219
up €194,219 (+12.7%), from €1.5m to €1.7m
- Reserves +€59,321
up €59,321 (+18.5%), from €321,461 to €380,782
- Tax, wage and social debts +€40,485
up €40,485 (+209.8%), from €19,299 to €59,784
of which Taxes: +€28,348
- Gross operating margin +€238,119
up €238,119 (+313.7%), from €75,914 to €314,033
- Financial charges +€33,248
up €33,248 (+158.1%), from €21,024 to €54,272
- Other operating charges +€32,721
up €32,721 (+346.8%), from €9,434 to €42,155
- Financial income +€25,719
up €25,719 (+877.8%), from €2,930 to €28,648
- Staff costs +€25,653
new in 2025: €25,653
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 | €2,370,377 | €3,256,613 | +€886,236 | +37.4% |
| Current assets | 29/58 | €2,370,377 | €3,256,613 | +€886,236 | +37.4% |
| Stocks and contracts in progress | 3 | €366,152 | €1,057,147 | +€690,995 | +188.7% |
| Stocks | 30/36 | €366,152 | €1,057,147 | +€690,995 | +188.7% |
| Amounts receivable within one year | 40/41 | €1,662,855 | €2,067,021 | +€404,167 | +24.3% |
| Trade receivables | 40 | €1,656,964 | €2,058,413 | +€401,449 | +24.2% |
| Other amounts receivable | 41 | €5,891 | €8,608 | +€2,717 | +46.1% |
| Cash at bank and in hand | 54/58 | €341,370 | €132,444 | -€208,926 | -61.2% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €2,370,377 | €3,256,613 | +€886,236 | +37.4% |
| Equity | 10/15 | €331,461 | €390,782 | +€59,321 | +17.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €321,461 | €380,782 | +€59,321 | +18.5% |
| Distributable reserves | 133 | €321,461 | €380,782 | +€59,321 | +18.5% |
| Amounts payable | 17/49 | €2,038,916 | €2,865,830 | +€826,914 | +40.6% |
| Amounts payable within one year | 42/48 | €2,038,916 | €2,865,830 | +€826,914 | +40.6% |
| Trade debts | 44 | €1,527,119 | €1,721,338 | +€194,219 | +12.7% |
| Suppliers | 440/4 | €1,527,119 | €1,721,338 | +€194,219 | +12.7% |
| Taxes, remuneration and social security | 45 | €19,299 | €59,784 | +€40,485 | +209.8% |
| Taxes | 450/3 | €19,299 | €47,647 | +€28,348 | +146.9% |
| Remuneration and social security | 454/9 | - | €12,137 | +€12,137 | |
| Other amounts payable | 47/48 | €492,499 | €1,084,708 | +€592,210 | +120.2% |
| Remuneration, social security and pensions | 62 | - | €25,653 | +€25,653 | |
| Other operating charges | 640/8 | €9,434 | €42,155 | +€32,721 | +346.8% |
| Non-recurring operating charges | 66A | - | €131,975 | +€131,975 | |
| Gross operating margin | 9900 | €75,914 | €314,033 | +€238,119 | +313.7% |
| Operating profit (loss) | 9901 | €66,480 | €114,250 | +€47,771 | +71.9% |
| Financial income | 75/76B | €2,930 | €28,648 | +€25,719 | +877.8% |
| Recurring financial income | 75 | €2,930 | €28,648 | +€25,719 | +877.8% |
| Financial charges | 65/66B | €21,024 | €54,272 | +€33,248 | +158.1% |
| Recurring financial charges | 65 | €21,024 | €54,272 | +€33,248 | +158.1% |
| Profit (loss) for the period before taxes | 9903 | €48,385 | €88,627 | +€40,242 | +83.2% |
| Income taxes | 67/77 | €12,096 | €29,306 | +€17,209 | +142.3% |
| Profit (loss) for the period | 9904 | €36,289 | €59,321 | +€23,033 | +63.5% |
| Profit (loss) for the period to be appropriated | 9905 | €36,289 | €59,321 | +€23,033 | +63.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.