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TRAITOR: 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.

What changed

TRAITOR

BE 0463.474.611
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€1,479
2024 · -€1,567+€88
Equity
-€49,387
2024 · -€47,908-€1,479
Cash
-
not filed
Balance sheet total
-
not filed

Largest movements

2024 to 2025
Assets

No asset line moved by more than 1% of the balance sheet total.

    Equity and liabilities
    • Other debts +€1,500

      up €1,500 (+3.1%), from €47,709 to €49,209

    • Profit (loss) carried forward -€1,479

      down €1,479 (-2.2%), from -€66,500 to -€67,979

    • Short-term financial debts -€21

      down €21 (-10.4%), from €199 to €179

    Income statement
    • Gross operating margin +€125

      up €125 (+12.4%), from -€1,010 to -€885

    • Financial charges +€37

      up €37 (+6.6%), from €557 to €594

    From the 2024 result to the 2025 result

    effect on the 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.

    Result 2024 -€1,567
    Gross operating margin +€125
    Financial charges -€37
    Result 2025 -€1,479
    raises the resultlowers the result

    Derived cash bridge

    cash 2024 to 2025

    Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.

    Every line side by side 15 lines
    Line Code 2024 2025 Change %
    Equity 10/15 -€47,908 -€49,387 -€1,479 -3.1%
    Contributions 10/11 €18,592 €18,592 = 0.0%
    Profit (loss) carried forward 14 -€66,500 -€67,979 -€1,479 -2.2%
    Amounts payable 17/49 €47,908 €49,387 +€1,479 +3.1%
    Amounts payable within one year 42/48 €47,908 €49,387 +€1,479 +3.1%
    Financial debts 43 €199 €179 -€21 -10.4%
    Other loans 439 €199 €179 -€21 -10.4%
    Other amounts payable 47/48 €47,709 €49,209 +€1,500 +3.1%
    Gross operating margin 9900 -€1,010 -€885 +€125 +12.4%
    Operating profit (loss) 9901 -€1,010 -€885 +€125 +12.4%
    Financial charges 65/66B €557 €594 +€37 +6.6%
    Recurring financial charges 65 €557 €594 +€37 +6.6%
    Profit (loss) for the period before taxes 9903 -€1,567 -€1,479 +€88 +5.6%
    Profit (loss) for the period 9904 -€1,567 -€1,479 +€88 +5.6%
    Profit (loss) for the period to be appropriated 9905 -€1,567 -€1,479 +€88 +5.6%

    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 23 October 2026 via checked.be.