TRAFIPAR: 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.
What changed
TRAFIPAR
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€14,531
2024 · €27,659-€13,128
Equity
€1.3m
2024 · €1.3m+€14,531
Cash
€10,191
2024 · €24,071-€13,880
Balance sheet total
€2.1m
2024 · €2.2m-€38,252
Largest movements
Assets
- Tangible fixed assets -€43,958
down €43,958 (-2.7%), from €1.6m to €1.6m
Equity and liabilities
- Tax, wage and social debts -€26,729
down €26,729 (-77.7%), from €34,400 to €7,671
Income statement
- Taxes -€27,617
down €27,617 (-80.3%), from €34,400 to €6,783
- Gross operating margin -€12,705
down €12,705 (-12.7%), from €100,309 to €87,604
- Financial income +€1,407
up €1,407 (+12.2%), from €11,570 to €12,977
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.
Result 2024
€27,659
Gross operating margin
-€12,705
Depreciation
+€219
Other operating charges
+€830
Financial income
+€1,407
Financial charges
+€708
Taxes
+€27,617
Deferred taxes and other
-€31,205
Result 2025
€14,531
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.
From operations
+€5,399
Investment
€0
Financing
-€19,279
Cash 2024
€24,071
From operations (derived)
+€5,399
Net result for the year
+€14,531
Depreciation
+€43,958
Receivables within one year
-€19,562
Deferred charges and accrued income
-€24
Provisions
-€1,594
Trade debts
+€5,595
Tax, wage and social debts
-€26,729
Accrued charges and deferred income
-€10,776
Financing
-€19,279
Debts after one year
-€19,711
Current portion of long-term debt
+€432
Cash 2025
€10,191
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,171,981 | €2,133,728 | -€38,252 | -1.8% |
| Fixed assets | 21/28 | €1,630,070 | €1,586,112 | -€43,958 | -2.7% |
| Tangible fixed assets | 22/27 | €1,630,070 | €1,586,112 | -€43,958 | -2.7% |
| Land and buildings | 22 | €1,630,070 | €1,586,112 | -€43,958 | -2.7% |
| Current assets | 29/58 | €541,911 | €547,616 | +€5,706 | +1.1% |
| Amounts receivable within one year | 40/41 | €513,716 | €533,277 | +€19,562 | +3.8% |
| Other amounts receivable | 41 | €513,716 | €533,277 | +€19,562 | +3.8% |
| Cash at bank and in hand | 54/58 | €24,071 | €10,191 | -€13,880 | -57.7% |
| Deferred charges and accrued income | 490/1 | €4,124 | €4,147 | +€24 | +0.6% |
| Total equity and liabilities | 10/49 | €2,171,981 | €2,133,728 | -€38,252 | -1.8% |
| Equity | 10/15 | €1,313,493 | €1,328,023 | +€14,531 | +1.1% |
| Contributions | 10/11 | €185,920 | €185,920 | = | 0.0% |
| Capital | 10 | €185,920 | €185,920 | = | 0.0% |
| Issued capital | 100 | €185,920 | €185,920 | = | 0.0% |
| Reserves | 13 | €60,174 | €57,080 | -€3,095 | -5.1% |
| Non-distributable reserves | 130/1 | €18,592 | €18,592 | = | 0.0% |
| Legal reserve | 130 | €18,592 | €18,592 | = | 0.0% |
| Tax-exempt reserves | 132 | €41,582 | €38,488 | -€3,095 | -7.4% |
| Profit (loss) carried forward | 14 | €1,067,398 | €1,085,023 | +€17,625 | +1.7% |
| Provisions and deferred taxes | 16 | €21,401 | €19,807 | -€1,594 | -7.4% |
| Deferred taxes | 168 | €21,401 | €19,807 | -€1,594 | -7.4% |
| Amounts payable | 17/49 | €837,087 | €785,898 | -€51,189 | -6.1% |
| Amounts payable after more than one year | 17 | €589,307 | €569,596 | -€19,711 | -3.3% |
| Financial debts | 170/4 | €589,307 | €569,596 | -€19,711 | -3.3% |
| Amounts payable within one year | 42/48 | €83,058 | €62,356 | -€20,702 | -24.9% |
| Current portion of amounts payable after more than one year | 42 | €26,498 | €26,930 | +€432 | +1.6% |
| Trade debts | 44 | €22,160 | €27,755 | +€5,595 | +25.2% |
| Suppliers | 440/4 | €22,160 | €27,755 | +€5,595 | +25.2% |
| Taxes, remuneration and social security | 45 | €34,400 | €7,671 | -€26,729 | -77.7% |
| Taxes | 450/3 | €34,400 | €7,671 | -€26,729 | -77.7% |
| Accrued charges and deferred income | 492/3 | €164,722 | €153,946 | -€10,776 | -6.5% |
| Non-recurring operating income | 76A | - | €27,000 | +€27,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,177 | €43,958 | -€219 | -0.5% |
| Other operating charges | 640/8 | €24,480 | €23,650 | -€830 | -3.4% |
| Gross operating margin | 9900 | €100,309 | €87,604 | -€12,705 | -12.7% |
| Operating profit (loss) | 9901 | €31,652 | €19,995 | -€11,657 | -36.8% |
| Financial income | 75/76B | €11,570 | €12,977 | +€1,407 | +12.2% |
| Recurring financial income | 75 | €11,570 | €12,977 | +€1,407 | +12.2% |
| Financial charges | 65/66B | €13,962 | €13,253 | -€708 | -5.1% |
| Recurring financial charges | 65 | €13,962 | €13,253 | -€708 | -5.1% |
| Profit (loss) for the period before taxes | 9903 | €29,260 | €19,719 | -€9,541 | -32.6% |
| Transfer from deferred taxes | 780 | €32,799 | €1,594 | -€31,205 | -95.1% |
| Income taxes | 67/77 | €34,400 | €6,783 | -€27,617 | -80.3% |
| Profit (loss) for the period | 9904 | €27,659 | €14,531 | -€13,128 | -47.5% |
| Transfer from tax-exempt reserves | 789 | €96,709 | €3,095 | -€93,614 | -96.8% |
| Profit (loss) for the period to be appropriated | 9905 | €124,368 | €17,625 | -€106,742 | -85.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.