Traindevie: 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.
Traindevie
Largest movements
- Receivables within one year +€206,889
up €206,889 (+89.0%), from €232,589 to €439,479
of which Trade receivables: +€209,215
- Deferred charges and accrued income -€8,541
down €8,541 (-18.7%), from €45,573 to €37,032
- Cash +€7,626
up €7,626 (+38.9%), from €19,615 to €27,241
mainly Trade debts (+€225,315) and Deferred charges and accrued income (+€8,541)
- Trade debts +€225,315
up €225,315 (+29.7%), from €757,981 to €983,297
- Profit (loss) carried forward -€17,309
down €17,309 (-4.8%), from -€357,253 to -€374,563
- Gross operating margin +€64,000
up €64,000 (+47.2%), from €135,568 to €199,568
- Staff costs +€7,487
up €7,487 (+3.8%), from €196,575 to €204,062
- Financial charges +€3,905
up €3,905 (+65.6%), from €5,951 to €9,855
- Write-downs -€2,852
down €2,852, from €1,155 to -€1,697
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 | €444,780 | €652,824 | +€208,044 | +46.8% |
| Fixed assets | 21/28 | €5,699 | €3,615 | -€2,084 | -36.6% |
| Intangible fixed assets | 21 | €4,547 | €2,976 | -€1,571 | -34.5% |
| Tangible fixed assets | 22/27 | €1,152 | €639 | -€513 | -44.5% |
| Plant, machinery and equipment | 23 | €1,152 | €639 | -€513 | -44.5% |
| Current assets | 29/58 | €439,080 | €649,208 | +€210,128 | +47.9% |
| Stocks and contracts in progress | 3 | €141,303 | €145,456 | +€4,153 | +2.9% |
| Stocks | 30/36 | €141,303 | €145,456 | +€4,153 | +2.9% |
| Amounts receivable within one year | 40/41 | €232,589 | €439,479 | +€206,889 | +89.0% |
| Trade receivables | 40 | €189,577 | €398,792 | +€209,215 | +110% |
| Other amounts receivable | 41 | €43,012 | €40,686 | -€2,326 | -5.4% |
| Cash at bank and in hand | 54/58 | €19,615 | €27,241 | +€7,626 | +38.9% |
| Deferred charges and accrued income | 490/1 | €45,573 | €37,032 | -€8,541 | -18.7% |
| Total equity and liabilities | 10/49 | €444,780 | €652,824 | +€208,044 | +46.8% |
| Equity | 10/15 | -€347,253 | -€364,563 | -€17,309 | -5.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€357,253 | -€374,563 | -€17,309 | -4.8% |
| Amounts payable | 17/49 | €792,033 | €1,017,386 | +€225,353 | +28.5% |
| Amounts payable within one year | 42/48 | €792,033 | €1,017,386 | +€225,353 | +28.5% |
| Trade debts | 44 | €757,981 | €983,297 | +€225,315 | +29.7% |
| Suppliers | 440/4 | €757,981 | €983,297 | +€225,315 | +29.7% |
| Taxes, remuneration and social security | 45 | €32,164 | €34,089 | +€1,925 | +6.0% |
| Taxes | 450/3 | €8,661 | €5,429 | -€3,232 | -37.3% |
| Remuneration and social security | 454/9 | €23,503 | €28,660 | +€5,157 | +21.9% |
| Other amounts payable | 47/48 | €1,888 | €0 | -€1,888 | -100% |
| Remuneration, social security and pensions | 62 | €196,575 | €204,062 | +€7,487 | +3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,120 | €2,084 | -€36 | -1.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,155 | -€1,697 | -€2,852 | |
| Other operating charges | 640/8 | €763 | €2,575 | +€1,812 | +238% |
| Gross operating margin | 9900 | €135,568 | €199,568 | +€64,000 | +47.2% |
| Operating profit (loss) | 9901 | -€65,044 | -€7,456 | +€57,588 | +88.5% |
| Financial income | 75/76B | €0 | €3 | +€3 | |
| Recurring financial income | 75 | €0 | €3 | +€3 | |
| Financial charges | 65/66B | €5,951 | €9,855 | +€3,905 | +65.6% |
| Recurring financial charges | 65 | €5,951 | €9,855 | +€3,905 | +65.6% |
| Profit (loss) for the period before taxes | 9903 | -€70,995 | -€17,309 | +€53,686 | +75.6% |
| Profit (loss) for the period | 9904 | -€70,995 | -€17,309 | +€53,686 | +75.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€70,995 | -€17,309 | +€53,686 | +75.6% |
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 15 October 2026 via checked.be.