TRAGURIUM: 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.
TRAGURIUM
Largest movements
- Cash +€2,825
up €2,825 (+23.5%), from €12,046 to €14,872
mainly Net result for the year (+€2,619) and Trade debts (+€1,183)
- Stocks and contracts +€1,233
up €1,233 (+51.5%), from €2,394 to €3,627
- Profit (loss) carried forward +€2,619
up €2,619 (+9.6%), from €27,379 to €29,998
- Trade debts +€1,183
up €1,183 (+14.2%), from €8,353 to €9,536
- Purchases and services -€59,414
no longer reported in 2025 (was €59,414)
- Gross operating margin +€11,390
up €11,390 (+168%), from €6,783 to €18,172
- Taxes +€10,277
up €10,277 (+1,028%), from €1,000 to €11,277
- Other operating charges -€2,094
down €2,094 (-89.2%), from €2,348 to €254
- Staff costs +€984
up €984 (+39.5%), from €2,490 to €3,473
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 | €37,889 | €41,707 | +€3,819 | +10.1% |
| Fixed assets | 21/28 | €2,895 | €2,685 | -€210 | -7.3% |
| Tangible fixed assets | 22/27 | €995 | €785 | -€210 | -21.1% |
| Plant, machinery and equipment | 23 | €995 | €785 | -€210 | -21.1% |
| Financial fixed assets | 28 | €1,900 | €1,900 | = | 0.0% |
| Current assets | 29/58 | €34,993 | €39,022 | +€4,029 | +11.5% |
| Stocks and contracts in progress | 3 | €2,394 | €3,627 | +€1,233 | +51.5% |
| Stocks | 30/36 | €2,394 | €3,627 | +€1,233 | +51.5% |
| Amounts receivable within one year | 40/41 | €20,151 | €20,523 | +€371 | +1.8% |
| Other amounts receivable | 41 | €20,151 | €20,523 | +€371 | +1.8% |
| Cash at bank and in hand | 54/58 | €12,046 | €14,872 | +€2,825 | +23.5% |
| Deferred charges and accrued income | 490/1 | €401 | - | -€401 | |
| Total equity and liabilities | 10/49 | €37,889 | €41,707 | +€3,819 | +10.1% |
| Equity | 10/15 | €27,380 | €29,999 | +€2,619 | +9.6% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,379 | €29,998 | +€2,619 | +9.6% |
| Amounts payable | 17/49 | €10,509 | €11,708 | +€1,199 | +11.4% |
| Amounts payable within one year | 42/48 | €10,509 | €11,708 | +€1,199 | +11.4% |
| Trade debts | 44 | €8,353 | €9,536 | +€1,183 | +14.2% |
| Suppliers | 440/4 | €8,353 | €9,536 | +€1,183 | +14.2% |
| Taxes, remuneration and social security | 45 | €2,156 | €2,173 | +€17 | +0.8% |
| Taxes | 450/3 | €1,617 | €2,173 | +€556 | +34.4% |
| Remuneration and social security | 454/9 | €539 | - | -€539 | |
| Goods, raw materials, services and sundry goods | 60/61 | €59,414 | - | -€59,414 | |
| Remuneration, social security and pensions | 62 | €2,490 | €3,473 | +€984 | +39.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55 | €210 | +€155 | +285% |
| Other operating charges | 640/8 | €2,348 | €254 | -€2,094 | -89.2% |
| Gross operating margin | 9900 | €6,783 | €18,172 | +€11,390 | +168% |
| Operating profit (loss) | 9901 | €1,890 | €14,235 | +€12,344 | +653% |
| Financial charges | 65/66B | €685 | €339 | -€346 | -50.6% |
| Recurring financial charges | 65 | €685 | €339 | -€346 | -50.6% |
| Profit (loss) for the period before taxes | 9903 | €1,206 | €13,896 | +€12,690 | +1,053% |
| Income taxes | 67/77 | €1,000 | €11,277 | +€10,277 | +1,028% |
| Profit (loss) for the period | 9904 | €206 | €2,619 | +€2,413 | +1,173% |
| Profit (loss) for the period to be appropriated | 9905 | €206 | €2,619 | +€2,413 | +1,173% |
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 19 October 2026 via checked.be.