Traen Noël: what changed
What changed
Traen Noël
NACE 47.811, Retail sale of cars and light vans (up to 3.5 tonnes)
not consecutivefiled annual accounts (NBB)
Net result for the year
-€4,492
2023 · €1,139-€5,631
Equity
€480,949
2023 · €485,441-€4,492
Cash
€80,126
2023 · €52,469+€27,657
Balance sheet total
€2.0m
2023 · €2.2m-€213,926
Largest movements
Assets
- Stocks and contracts -€258,324
down €258,324 (-18.4%), from €1.4m to €1.1m
of which Stocks: -€253,601
- Receivables within one year +€107,167
up €107,167 (+33.7%), from €318,086 to €425,253
of which Other amounts receivable: +€137,000
- Tangible fixed assets -€87,647
down €87,647 (-22.7%), from €385,574 to €297,927
of which Furniture and vehicles: -€108,816
- Cash +€27,657
up €27,657 (+52.7%), from €52,469 to €80,126
Equity and liabilities
- Other debts -€189,000
down €189,000 (-80.4%), from €235,000 to €46,000
- Trade debts -€164,889
down €164,889 (-44.7%), from €368,569 to €203,680
- Advances received +€126,997
up €126,997 (+524%), from €24,241 to €151,237
- Short-term financial debts +€39,131
up €39,131 (+12.6%), from €310,869 to €350,000
- Accrued charges and deferred income +€33,811
up €33,811 (+162%), from €20,833 to €54,644
Income statement
- Turnover -€4.9m
no longer reported in 2025 (was €4.9m)
- Purchases and services -€4.2m
no longer reported in 2025 (was €4.2m)
- Gross operating margin +€662,662
up €662,662 (+90.3%), from €733,983 to €1.4m
- Staff costs +€570,910
up €570,910 (+94.0%), from €607,347 to €1.2m
Change in the result, 2023 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2023
€1,139
Gross operating margin
+€662,662
Staff costs
-€570,910
Depreciation
-€19,384
Write-downs
-€15,178
Other operating charges
-€19,990
Financial income
+€693
Financial charges
-€37,290
Taxes
-€6,233
Result 2025
-€4,492
raises the resultlowers the result
Derived cash bridge
A cash bridge needs two consecutive financial years. One year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,181,288 | €1,967,362 | -€213,926 | -9.8% |
| Fixed assets | 21/28 | €395,979 | €300,466 | -€95,513 | -24.1% |
| Intangible fixed assets | 21 | €10,405 | €2,539 | -€7,866 | -75.6% |
| Tangible fixed assets | 22/27 | €385,574 | €297,927 | -€87,647 | -22.7% |
| Land and buildings | 22 | €136,938 | €130,471 | -€6,467 | -4.7% |
| Plant, machinery and equipment | 23 | €86,480 | €114,116 | +€27,636 | +32.0% |
| Furniture and vehicles | 24 | €162,156 | €53,340 | -€108,816 | -67.1% |
| Current assets | 29/58 | €1,785,309 | €1,666,897 | -€118,413 | -6.6% |
| Stocks and contracts in progress | 3 | €1,401,610 | €1,143,286 | -€258,324 | -18.4% |
| Stocks | 30/36 | €1,354,438 | €1,100,837 | -€253,601 | -18.7% |
| Contracts in progress | 37 | €47,172 | €42,449 | -€4,723 | -10.0% |
| Amounts receivable within one year | 40/41 | €318,086 | €425,253 | +€107,167 | +33.7% |
| Trade receivables | 40 | €318,086 | €288,253 | -€29,833 | -9.4% |
| Other amounts receivable | 41 | - | €137,000 | +€137,000 | |
| Cash at bank and in hand | 54/58 | €52,469 | €80,126 | +€27,657 | +52.7% |
| Deferred charges and accrued income | 490/1 | €13,145 | €18,232 | +€5,087 | +38.7% |
| Total equity and liabilities | 10/49 | €2,181,288 | €1,967,362 | -€213,926 | -9.8% |
| Equity | 10/15 | €485,441 | €480,949 | -€4,492 | -0.9% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €423,468 | €418,976 | -€4,492 | -1.1% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,197 | €6,197 | = | 0.0% |
| Tax-exempt reserves | 132 | €43,150 | €43,150 | = | 0.0% |
| Distributable reserves | 133 | €374,120 | €369,628 | -€4,492 | -1.2% |
| Amounts payable | 17/49 | €1,695,847 | €1,486,413 | -€209,434 | -12.3% |
| Amounts payable after more than one year | 17 | €547,781 | €526,500 | -€21,281 | -3.9% |
| Financial debts | 170/4 | €24,781 | €0 | -€24,781 | -100% |
| Other amounts payable | 178/9 | €523,000 | €526,500 | +€3,500 | +0.7% |
| Amounts payable within one year | 42/48 | €1,127,233 | €905,269 | -€221,964 | -19.7% |
| Current portion of amounts payable after more than one year | 42 | €33,042 | €0 | -€33,042 | -100% |
| Financial debts | 43 | €310,869 | €350,000 | +€39,131 | +12.6% |
| Credit institutions | 430/8 | €310,869 | €350,000 | +€39,131 | +12.6% |
| Trade debts | 44 | €368,569 | €203,680 | -€164,889 | -44.7% |
| Suppliers | 440/4 | €368,569 | €203,680 | -€164,889 | -44.7% |
| Advances received on contracts in progress | 46 | €24,241 | €151,237 | +€126,997 | +524% |
| Taxes, remuneration and social security | 45 | €155,512 | €154,351 | -€1,160 | -0.7% |
| Taxes | 450/3 | €86,684 | €62,329 | -€24,355 | -28.1% |
| Remuneration and social security | 454/9 | €68,828 | €92,022 | +€23,194 | +33.7% |
| Other amounts payable | 47/48 | €235,000 | €46,000 | -€189,000 | -80.4% |
| Accrued charges and deferred income | 492/3 | €20,833 | €54,644 | +€33,811 | +162% |
| Turnover | 70 | €4,915,123 | - | -€4.9m | |
| Non-recurring operating income | 76A | - | €3,150 | +€3,150 | |
| Goods, raw materials, services and sundry goods | 60/61 | €4,244,301 | - | -€4.2m | |
| Remuneration, social security and pensions | 62 | €607,347 | €1,178,257 | +€570,910 | +94.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,013 | €95,397 | +€19,384 | +25.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€10,916 | €4,263 | +€15,178 | |
| Other operating charges | 640/8 | €24,393 | €44,383 | +€19,990 | +81.9% |
| Gross operating margin | 9900 | €733,983 | €1,396,645 | +€662,662 | +90.3% |
| Operating profit (loss) | 9901 | €37,146 | €74,346 | +€37,200 | +100% |
| Financial income | 75/76B | €1,110 | €1,803 | +€693 | +62.4% |
| Recurring financial income | 75 | €1,110 | €1,803 | +€693 | +62.4% |
| Financial charges | 65/66B | €35,782 | €73,073 | +€37,290 | +104% |
| Recurring financial charges | 65 | €35,782 | €73,073 | +€37,290 | +104% |
| Profit (loss) for the period before taxes | 9903 | €2,474 | €3,076 | +€602 | +24.3% |
| Income taxes | 67/77 | €1,335 | €7,568 | +€6,233 | +467% |
| Profit (loss) for the period | 9904 | €1,139 | -€4,492 | -€5,631 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,139 | -€4,492 | -€5,631 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2023 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.