TRAGIL: 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.
TRAGIL
Largest movements
- Financial fixed assets +€82,400
up €82,400 (+108.9%), from €75,667 to €158,067
- Cash +€29,501
new in 2025: €29,501
mainly Debts after one year (+€86,818) and Net result for the year (+€13,892)
- Receivables within one year +€4,772
up €4,772 (+1056.4%), from €452 to €5,224
of which Trade receivables: +€5,000
- Debts after one year +€86,818
up €86,818 (+211.1%), from €41,120 to €127,938
- Profit (loss) carried forward +€9,892
up €9,892, from -€9,433 to €459
- Other debts +€6,901
up €6,901 (+26.0%), from €26,564 to €33,465
- Tax, wage and social debts +€4,956
new in 2025: €4,956
- Reserves +€4,000
new in 2025: €4,000
- Gross operating margin +€30,335
up €30,335, from -€6,510 to €23,826
- Taxes +€3,711
new in 2025: €3,711
- Financial charges +€3,300
up €3,300 (+115.3%), from €2,861 to €6,161
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €76,118 | €192,791 | +€116,673 | +153.3% |
| Fixed assets | 21/28 | €75,667 | €158,067 | +€82,400 | +108.9% |
| Financial fixed assets | 28 | €75,667 | €158,067 | +€82,400 | +108.9% |
| Current assets | 29/58 | €452 | €34,725 | +€34,273 | +7587.2% |
| Amounts receivable within one year | 40/41 | €452 | €5,224 | +€4,772 | +1056.4% |
| Trade receivables | 40 | - | €5,000 | +€5,000 | |
| Other amounts receivable | 41 | €452 | €224 | -€228 | -50.4% |
| Cash at bank and in hand | 54/58 | - | €29,501 | +€29,501 | |
| Total equity and liabilities | 10/49 | €76,118 | €192,791 | +€116,673 | +153.3% |
| Equity | 10/15 | -€4,433 | €9,459 | +€13,892 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | - | €4,000 | +€4,000 | |
| Distributable reserves | 133 | - | €4,000 | +€4,000 | |
| Profit (loss) carried forward | 14 | -€9,433 | €459 | +€9,892 | |
| Amounts payable | 17/49 | €80,551 | €183,332 | +€102,781 | +127.6% |
| Amounts payable after more than one year | 17 | €41,120 | €127,938 | +€86,818 | +211.1% |
| Financial debts | 170/4 | €41,120 | €127,938 | +€86,818 | +211.1% |
| Amounts payable within one year | 42/48 | €39,431 | €52,488 | +€13,057 | +33.1% |
| Current portion of amounts payable after more than one year | 42 | €12,683 | €13,182 | +€499 | +3.9% |
| Financial debts | 43 | €1 | - | -€1 | |
| Credit institutions | 430/8 | €1 | - | -€1 | |
| Trade debts | 44 | €183 | €885 | +€702 | +382.7% |
| Suppliers | 440/4 | €183 | €885 | +€702 | +382.7% |
| Taxes, remuneration and social security | 45 | - | €4,956 | +€4,956 | |
| Taxes | 450/3 | - | €4,956 | +€4,956 | |
| Other amounts payable | 47/48 | €26,564 | €33,465 | +€6,901 | +26.0% |
| Accrued charges and deferred income | 492/3 | - | €2,906 | +€2,906 | |
| Other operating charges | 640/8 | €62 | €62 | = | 0.0% |
| Gross operating margin | 9900 | -€6,510 | €23,826 | +€30,335 | |
| Operating profit (loss) | 9901 | -€6,572 | €23,764 | +€30,335 | |
| Financial charges | 65/66B | €2,861 | €6,161 | +€3,300 | +115.3% |
| Recurring financial charges | 65 | €2,861 | €6,161 | +€3,300 | +115.3% |
| Profit (loss) for the period before taxes | 9903 | -€9,433 | €17,603 | +€27,036 | |
| Income taxes | 67/77 | - | €3,711 | +€3,711 | |
| Profit (loss) for the period | 9904 | -€9,433 | €13,892 | +€23,325 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,433 | €13,892 | +€23,325 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.