TRAGIMMO: 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.
TRAGIMMO
Largest movements
- Receivables within one year -€8,805
down €8,805 (-89.7%), from €9,820 to €1,015
- Tangible fixed assets +€8,138
up €8,138 (+1.9%), from €431,931 to €440,069
of which Land and buildings: +€8,599
- Cash -€7,510
down €7,510 (-27.8%), from €26,992 to €19,482
mainly Debts after one year (-€68,000) and Investment in fixed assets (net) (-€27,469)
- Reserves +€71,972
up €71,972 (+35.3%), from €203,942 to €275,915
of which Distributable reserves: +€74,637
- Debts after one year -€68,000
no longer reported in 2025 (was €68,000)
- Tax, wage and social debts +€15,493
up €15,493 (+117.8%), from €13,149 to €28,642
- Trade debts -€9,760
no longer reported in 2025 (was €9,760)
- Other debts -€9,341
down €9,341 (-11.7%), from €79,800 to €70,459
- Gross operating margin +€12,579
up €12,579 (+9.8%), from €128,763 to €141,342
- Taxes +€7,664
up €7,664 (+25.6%), from €29,946 to €37,610
- Financial charges -€6,461
down €6,461 (-46.1%), from €14,003 to €7,542
- Depreciation -€2,129
down €2,129 (-9.9%), from €21,461 to €19,331
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 | €468,744 | €460,566 | -€8,178 | -1.7% |
| Fixed assets | 21/28 | €431,931 | €440,069 | +€8,138 | +1.9% |
| Tangible fixed assets | 22/27 | €431,931 | €440,069 | +€8,138 | +1.9% |
| Land and buildings | 22 | €423,403 | €432,003 | +€8,599 | +2.0% |
| Furniture and vehicles | 24 | €8,528 | €8,066 | -€462 | -5.4% |
| Current assets | 29/58 | €36,813 | €20,498 | -€16,316 | -44.3% |
| Amounts receivable within one year | 40/41 | €9,820 | €1,015 | -€8,805 | -89.7% |
| Trade receivables | 40 | €9,820 | €1,015 | -€8,805 | -89.7% |
| Current investments | 50/53 | €1 | €1 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €26,992 | €19,482 | -€7,510 | -27.8% |
| Total equity and liabilities | 10/49 | €468,744 | €460,566 | -€8,178 | -1.7% |
| Equity | 10/15 | €266,942 | €338,915 | +€71,972 | +27.0% |
| Contributions | 10/11 | €63,000 | €63,000 | = | 0.0% |
| Capital | 10 | €63,000 | €63,000 | = | 0.0% |
| Issued capital | 100 | €63,000 | €63,000 | = | 0.0% |
| Reserves | 13 | €203,942 | €275,915 | +€71,972 | +35.3% |
| Non-distributable reserves | 130/1 | €6,300 | €6,300 | = | 0.0% |
| Legal reserve | 130 | €6,300 | €6,300 | = | 0.0% |
| Tax-exempt reserves | 132 | €89,799 | €87,134 | -€2,665 | -3.0% |
| Distributable reserves | 133 | €107,843 | €182,481 | +€74,637 | +69.2% |
| Provisions and deferred taxes | 16 | €20,110 | €19,221 | -€888 | -4.4% |
| Deferred taxes | 168 | €20,110 | €19,221 | -€888 | -4.4% |
| Amounts payable | 17/49 | €181,693 | €102,430 | -€79,262 | -43.6% |
| Amounts payable after more than one year | 17 | €68,000 | - | -€68,000 | |
| Other amounts payable | 178/9 | €68,000 | - | -€68,000 | |
| Amounts payable within one year | 42/48 | €102,709 | €99,101 | -€3,608 | -3.5% |
| Trade debts | 44 | €9,760 | - | -€9,760 | |
| Suppliers | 440/4 | €9,760 | - | -€9,760 | |
| Taxes, remuneration and social security | 45 | €13,149 | €28,642 | +€15,493 | +117.8% |
| Taxes | 450/3 | €13,149 | €28,642 | +€15,493 | +117.8% |
| Other amounts payable | 47/48 | €79,800 | €70,459 | -€9,341 | -11.7% |
| Accrued charges and deferred income | 492/3 | €10,983 | €3,329 | -€7,654 | -69.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,461 | €19,331 | -€2,129 | -9.9% |
| Other operating charges | 640/8 | €5,834 | €6,665 | +€831 | +14.2% |
| Gross operating margin | 9900 | €128,763 | €141,342 | +€12,579 | +9.8% |
| Operating profit (loss) | 9901 | €101,469 | €115,346 | +€13,877 | +13.7% |
| Financial income | 75/76B | - | €890 | +€890 | |
| Recurring financial income | 75 | - | €890 | +€890 | |
| Financial charges | 65/66B | €14,003 | €7,542 | -€6,461 | -46.1% |
| Recurring financial charges | 65 | €14,003 | €7,542 | -€6,461 | -46.1% |
| Profit (loss) for the period before taxes | 9903 | €87,466 | €108,694 | +€21,228 | +24.3% |
| Transfer from deferred taxes | 780 | €888 | €888 | = | 0.0% |
| Income taxes | 67/77 | €29,946 | €37,610 | +€7,664 | +25.6% |
| Profit (loss) for the period | 9904 | €58,408 | €71,972 | +€13,565 | +23.2% |
| Transfer from tax-exempt reserves | 789 | €2,665 | €2,665 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €61,073 | €74,637 | +€13,565 | +22.2% |
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 28 September 2026 via checked.be.