TRAEY & Co: 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.
TRAEY & Co
Largest movements
- Cash -€3,176
down €3,176 (-12.6%), from €25,140 to €21,964
mainly Net result for the year (-€3,671) and Receivables within one year (-€221)
- Tangible fixed assets -€398
no longer reported in 2025 (was €398)
of which Plant, machinery and equipment: -€398
- Profit (loss) carried forward -€3,671
down €3,671 (-56.3%), from -€6,521 to -€10,192
- Trade debts +€278
up €278 (+34.7%), from €800 to €1,078
- Depreciation -€250
no longer reported in 2025 (was €250)
- Other operating charges +€218
up €218 (+43.2%), from €505 to €723
- Gross operating margin -€146
down €146 (-5.0%), from -€2,932 to -€3,078
- Financial income -€127
down €127 (-34.0%), from €373 to €246
of which Financial income: -€229
- Taxes +€43
up €43, from €0 to €43
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 | €26,546 | €23,135 | -€3,411 | -12.8% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €398 | - | -€398 | |
| Tangible fixed assets | 22/27 | €398 | - | -€398 | |
| Plant, machinery and equipment | 23 | €398 | - | -€398 | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €26,148 | €23,135 | -€3,012 | -11.5% |
| Amounts receivable within one year | 40/41 | €950 | €1,171 | +€221 | +23.3% |
| Other amounts receivable | 41 | €950 | €1,171 | +€221 | +23.3% |
| Cash at bank and in hand | 54/58 | €25,140 | €21,964 | -€3,176 | -12.6% |
| Deferred charges and accrued income | 490/1 | €58 | - | -€58 | |
| Total equity and liabilities | 10/49 | €26,546 | €23,135 | -€3,411 | -12.8% |
| Equity | 10/15 | €25,729 | €22,058 | -€3,671 | -14.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €29,750 | €29,750 | = | 0.0% |
| Distributable reserves | 133 | €29,750 | €29,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,521 | -€10,192 | -€3,671 | -56.3% |
| Amounts payable | 17/49 | €817 | €1,078 | +€260 | +31.8% |
| Amounts payable within one year | 42/48 | €800 | €1,078 | +€278 | +34.7% |
| Trade debts | 44 | €800 | €1,078 | +€278 | +34.7% |
| Suppliers | 440/4 | €800 | €1,078 | +€278 | +34.7% |
| Accrued charges and deferred income | 492/3 | €17 | - | -€17 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €250 | - | -€250 | |
| Other operating charges | 640/8 | €505 | €723 | +€218 | +43.2% |
| Gross operating margin | 9900 | -€2,932 | -€3,078 | -€146 | -5.0% |
| Operating profit (loss) | 9901 | -€3,688 | -€3,801 | -€114 | -3.1% |
| Financial income | 75/76B | €373 | €246 | -€127 | -34.0% |
| Recurring financial income | 75 | €373 | €144 | -€229 | -61.3% |
| Non-recurring financial income | 76B | - | €102 | +€102 | |
| Financial charges | 65/66B | €67 | €72 | +€5 | +7.4% |
| Recurring financial charges | 65 | €67 | €72 | +€5 | +7.4% |
| Profit (loss) for the period before taxes | 9903 | -€3,382 | -€3,628 | -€246 | -7.3% |
| Income taxes | 67/77 | €0 | €43 | +€43 | |
| Profit (loss) for the period | 9904 | -€3,382 | -€3,671 | -€289 | -8.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,382 | -€3,671 | -€289 | -8.5% |
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 13 October 2026 via checked.be.