TRAISTARU: 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.
TRAISTARU
Largest movements
- Tangible fixed assets +€16,415
up €16,415 (+79.6%), from €20,635 to €37,050
of which Furniture and vehicles: +€9,025
- Receivables within one year +€3,928
up €3,928 (+13.2%), from €29,706 to €33,634
of which Other amounts receivable: +€15,097
- Cash -€3,085
down €3,085 (-2.8%), from €111,947 to €108,862
mainly Investment in fixed assets (net) (-€27,605) and Trade debts (-€14,307)
- Profit (loss) carried forward +€36,628
up €36,628 (+53.8%), from €68,051 to €104,679
- Trade debts -€14,307
down €14,307 (-49.9%), from €28,653 to €14,346
- Other debts -€9,231
down €9,231 (-18.4%), from €50,231 to €41,000
- Tax, wage and social debts +€3,829
up €3,829 (+22.4%), from €17,074 to €20,903
of which Remuneration and social security: +€2,689
- Gross operating margin -€37,442
down €37,442 (-22.4%), from €167,397 to €129,955
- Depreciation +€5,980
up €5,980 (+114.8%), from €5,210 to €11,190
- Staff costs +€5,116
up €5,116 (+7.8%), from €65,175 to €70,291
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 | €168,009 | €184,928 | +€16,919 | +10.1% |
| Fixed assets | 21/28 | €23,035 | €39,450 | +€16,415 | +71.3% |
| Tangible fixed assets | 22/27 | €20,635 | €37,050 | +€16,415 | +79.6% |
| Plant, machinery and equipment | 23 | €3,534 | €3,908 | +€374 | +10.6% |
| Furniture and vehicles | 24 | €5,658 | €14,683 | +€9,025 | +159.5% |
| Other tangible fixed assets | 26 | €11,443 | €18,459 | +€7,016 | +61.3% |
| Financial fixed assets | 28 | €2,400 | €2,400 | = | 0.0% |
| Current assets | 29/58 | €144,974 | €145,478 | +€504 | +0.3% |
| Stocks and contracts in progress | 3 | €1,268 | €2,182 | +€914 | +72.1% |
| Stocks | 30/36 | €1,268 | €2,182 | +€914 | +72.1% |
| Amounts receivable within one year | 40/41 | €29,706 | €33,634 | +€3,928 | +13.2% |
| Trade receivables | 40 | €23,407 | €12,237 | -€11,170 | -47.7% |
| Other amounts receivable | 41 | €6,299 | €21,396 | +€15,097 | +239.7% |
| Cash at bank and in hand | 54/58 | €111,947 | €108,862 | -€3,085 | -2.8% |
| Deferred charges and accrued income | 490/1 | €2,053 | €800 | -€1,253 | -61.0% |
| Total equity and liabilities | 10/49 | €168,009 | €184,928 | +€16,919 | +10.1% |
| Equity | 10/15 | €72,051 | €108,679 | +€36,628 | +50.8% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Contributions outside capital | 11 | €4,000 | €4,000 | = | 0.0% |
| Other | 1109/19 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €68,051 | €104,679 | +€36,628 | +53.8% |
| Amounts payable | 17/49 | €95,958 | €76,249 | -€19,709 | -20.5% |
| Amounts payable within one year | 42/48 | €95,958 | €76,249 | -€19,709 | -20.5% |
| Trade debts | 44 | €28,653 | €14,346 | -€14,307 | -49.9% |
| Suppliers | 440/4 | €28,653 | €14,346 | -€14,307 | -49.9% |
| Taxes, remuneration and social security | 45 | €17,074 | €20,903 | +€3,829 | +22.4% |
| Taxes | 450/3 | €10,178 | €11,318 | +€1,140 | +11.2% |
| Remuneration and social security | 454/9 | €6,896 | €9,585 | +€2,689 | +39.0% |
| Other amounts payable | 47/48 | €50,231 | €41,000 | -€9,231 | -18.4% |
| Remuneration, social security and pensions | 62 | €65,175 | €70,291 | +€5,116 | +7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,210 | €11,190 | +€5,980 | +114.8% |
| Other operating charges | 640/8 | €701 | €1,509 | +€808 | +115.3% |
| Gross operating margin | 9900 | €167,397 | €129,955 | -€37,442 | -22.4% |
| Operating profit (loss) | 9901 | €96,311 | €46,965 | -€49,346 | -51.2% |
| Financial income | 75/76B | €1 | €304 | +€303 | +30328.0% |
| Recurring financial income | 75 | €1 | €304 | +€303 | +30328.0% |
| Financial charges | 65/66B | €193 | €184 | -€9 | -4.9% |
| Recurring financial charges | 65 | €193 | €184 | -€9 | -4.9% |
| Profit (loss) for the period before taxes | 9903 | €96,119 | €47,086 | -€49,033 | -51.0% |
| Income taxes | 67/77 | €9,629 | €10,457 | +€828 | +8.6% |
| Profit (loss) for the period | 9904 | €86,490 | €36,628 | -€49,862 | -57.7% |
| Profit (loss) for the period to be appropriated | 9905 | €86,490 | €36,628 | -€49,862 | -57.7% |
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 9 October 2026 via checked.be.