Trafotechnics: what changed
Trafotechnics
Largest movements
- Receivables within one year +€117,772
up €117,772 (+15.4%), from €766,444 to €884,216
of which Trade receivables: +€89,396
- Cash -€97,665
down €97,665 (-51.5%), from €189,669 to €92,005
mainly Receivables within one year (-€117,772) and Debts after one year (-€55,545)
- Tangible fixed assets -€83,483
down €83,483 (-51.7%), from €161,387 to €77,903
of which Leasing and similar rights: -€79,600
- Debts after one year -€55,545
down €55,545 (-31.6%), from €175,546 to €120,000
- Tax, wage and social debts -€29,839
down €29,839 (-80.8%), from €36,934 to €7,095
of which Taxes: -€23,228
- Trade debts +€26,325
up €26,325 (+3.4%), from €779,540 to €805,866
- Gross operating margin -€35,067
down €35,067 (-17.6%), from €199,801 to €164,735
- Taxes -€10,455
down €10,455 (-86.0%), from €12,150 to €1,696
- Staff costs +€4,155
up €4,155 (+6.2%), from €67,127 to €71,282
Change in the result, 2024 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.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,126,617 | €1,068,443 | -€58,174 | -5.2% |
| Fixed assets | 21/28 | €161,387 | €77,903 | -€83,483 | -51.7% |
| Tangible fixed assets | 22/27 | €161,387 | €77,903 | -€83,483 | -51.7% |
| Plant, machinery and equipment | 23 | €6,033 | €3,825 | -€2,208 | -36.6% |
| Furniture and vehicles | 24 | €7,018 | €5,342 | -€1,676 | -23.9% |
| Leasing and similar rights | 25 | €148,336 | €68,736 | -€79,600 | -53.7% |
| Current assets | 29/58 | €965,230 | €990,540 | +€25,310 | +2.6% |
| Amounts receivable within one year | 40/41 | €766,444 | €884,216 | +€117,772 | +15.4% |
| Trade receivables | 40 | €754,801 | €844,197 | +€89,396 | +11.8% |
| Other amounts receivable | 41 | €11,643 | €40,018 | +€28,375 | +244% |
| Cash at bank and in hand | 54/58 | €189,669 | €92,005 | -€97,665 | -51.5% |
| Deferred charges and accrued income | 490/1 | €9,117 | €14,320 | +€5,203 | +57.1% |
| Total equity and liabilities | 10/49 | €1,126,617 | €1,068,443 | -€58,174 | -5.2% |
| Equity | 10/15 | €76,298 | €78,566 | +€2,268 | +3.0% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €46,298 | €48,566 | +€2,268 | +4.9% |
| Distributable reserves | 133 | €46,298 | €48,566 | +€2,268 | +4.9% |
| Amounts payable | 17/49 | €1,050,319 | €989,877 | -€60,441 | -5.8% |
| Amounts payable after more than one year | 17 | €175,546 | €120,000 | -€55,545 | -31.6% |
| Financial debts | 170/4 | €175,546 | €120,000 | -€55,545 | -31.6% |
| Amounts payable within one year | 42/48 | €873,383 | €869,265 | -€4,118 | -0.5% |
| Current portion of amounts payable after more than one year | 42 | €54,697 | €55,545 | +€848 | +1.6% |
| Trade debts | 44 | €779,540 | €805,866 | +€26,325 | +3.4% |
| Suppliers | 440/4 | €779,540 | €805,866 | +€26,325 | +3.4% |
| Taxes, remuneration and social security | 45 | €36,934 | €7,095 | -€29,839 | -80.8% |
| Taxes | 450/3 | €24,942 | €1,714 | -€23,228 | -93.1% |
| Remuneration and social security | 454/9 | €11,991 | €5,381 | -€6,610 | -55.1% |
| Other amounts payable | 47/48 | €2,212 | €758 | -€1,453 | -65.7% |
| Accrued charges and deferred income | 492/3 | €1,390 | €612 | -€778 | -55.9% |
| Remuneration, social security and pensions | 62 | €67,127 | €71,282 | +€4,155 | +6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €83,657 | €83,483 | -€174 | -0.2% |
| Other operating charges | 640/8 | €1,264 | €1,314 | +€50 | +3.9% |
| Gross operating margin | 9900 | €199,801 | €164,735 | -€35,067 | -17.6% |
| Operating profit (loss) | 9901 | €47,753 | €8,655 | -€39,098 | -81.9% |
| Financial income | 75/76B | €2 | €4 | +€2 | +91.8% |
| Recurring financial income | 75 | €2 | €4 | +€2 | +91.8% |
| Financial charges | 65/66B | €4,959 | €4,697 | -€263 | -5.3% |
| Recurring financial charges | 65 | €4,959 | €4,697 | -€263 | -5.3% |
| Profit (loss) for the period before taxes | 9903 | €42,796 | €3,963 | -€38,833 | -90.7% |
| Income taxes | 67/77 | €12,150 | €1,696 | -€10,455 | -86.0% |
| Profit (loss) for the period | 9904 | €30,646 | €2,268 | -€28,378 | -92.6% |
| Profit (loss) for the period to be appropriated | 9905 | €30,646 | €2,268 | -€28,378 | -92.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.