TRAEN: 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.
TRAEN
Largest movements
- Tangible fixed assets +€166,169
up €166,169 (+21.1%), from €787,679 to €953,848
- Cash -€25,637
down €25,637 (-97.5%), from €26,294 to €657
mainly Investment in fixed assets (net) (-€166,169) and Trade debts (-€8,802)
- Other debts +€151,956
up €151,956 (+96.1%), from €158,096 to €310,051
- Gross operating margin -€26,047
down €26,047 (-66.9%), from €38,963 to €12,916
- Depreciation -€21,679
no longer reported in 2026 (was €21,679)
- Taxes -€462
down €462 (-40.0%), from €1,155 to €693
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €816,873 | €955,305 | +€138,432 | +16.9% |
| Fixed assets | 21/28 | €787,679 | €953,848 | +€166,169 | +21.1% |
| Tangible fixed assets | 22/27 | €787,679 | €953,848 | +€166,169 | +21.1% |
| Land and buildings | 22 | €787,679 | €953,848 | +€166,169 | +21.1% |
| Current assets | 29/58 | €29,194 | €1,457 | -€27,737 | -95.0% |
| Amounts receivable within one year | 40/41 | €2,900 | €800 | -€2,100 | -72.4% |
| Other amounts receivable | 41 | €2,900 | €800 | -€2,100 | -72.4% |
| Cash at bank and in hand | 54/58 | €26,294 | €657 | -€25,637 | -97.5% |
| Total equity and liabilities | 10/49 | €816,873 | €955,305 | +€138,432 | +16.9% |
| Equity | 10/15 | €640,797 | €642,391 | +€1,593 | +0.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €622,247 | €623,841 | +€1,593 | +0.3% |
| Non-distributable reserves | 130/1 | €4,000 | €4,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,000 | €4,000 | = | 0.0% |
| Distributable reserves | 133 | €618,247 | €619,841 | +€1,593 | +0.3% |
| Amounts payable | 17/49 | €176,076 | €312,914 | +€136,838 | +77.7% |
| Amounts payable within one year | 42/48 | €172,076 | €312,914 | +€140,838 | +81.8% |
| Trade debts | 44 | €9,636 | €834 | -€8,802 | -91.3% |
| Suppliers | 440/4 | €9,636 | €834 | -€8,802 | -91.3% |
| Advances received on contracts in progress | 46 | €360 | - | -€360 | |
| Taxes, remuneration and social security | 45 | €3,985 | €2,030 | -€1,955 | -49.1% |
| Taxes | 450/3 | €3,985 | €2,030 | -€1,955 | -49.1% |
| Other amounts payable | 47/48 | €158,096 | €310,051 | +€151,956 | +96.1% |
| Accrued charges and deferred income | 492/3 | €4,000 | - | -€4,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,679 | - | -€21,679 | |
| Other operating charges | 640/8 | €10,759 | €10,449 | -€310 | -2.9% |
| Gross operating margin | 9900 | €38,963 | €12,916 | -€26,047 | -66.9% |
| Operating profit (loss) | 9901 | €6,525 | €2,467 | -€4,058 | -62.2% |
| Financial charges | 65/66B | €216 | €181 | -€35 | -16.1% |
| Recurring financial charges | 65 | €216 | €181 | -€35 | -16.1% |
| Profit (loss) for the period before taxes | 9903 | €6,309 | €2,286 | -€4,023 | -63.8% |
| Income taxes | 67/77 | €1,155 | €693 | -€462 | -40.0% |
| Profit (loss) for the period | 9904 | €5,154 | €1,593 | -€3,561 | -69.1% |
| Profit (loss) for the period to be appropriated | 9905 | €5,154 | €1,593 | -€3,561 | -69.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.