TRAJO SERVICE: 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.
TRAJO SERVICE
Largest movements
- Tangible fixed assets +€94,960
up €94,960 (+205%), from €46,316 to €141,277
of which Furniture and vehicles: +€95,362
- Current investments -€65,000
no longer reported in 2025 (was €65,000)
- Receivables within one year +€17,171
up €17,171 (+54.2%), from €31,663 to €48,835
of which Other amounts receivable: +€13,613
- Cash -€5,706
down €5,706 (-16.9%), from €33,840 to €28,134
mainly Contributions, distributions and other (-€172,643) and Investment in fixed assets (net) (-€147,932)
- Other debts +€155,090
up €155,090 (+9,126%), from €1,699 to €156,789
- Profit (loss) carried forward -€114,691
no longer reported in 2025 (was €114,691)
- Debts after one year +€22,315
up €22,315 (+126%), from €17,685 to €40,000
- Current portion of long-term debt -€16,643
down €16,643 (-48.5%), from €34,327 to €17,685
- Tax, wage and social debts -€7,448
down €7,448 (-91.8%), from €8,110 to €661
- Gross operating margin +€56,588
up €56,588 (+65.6%), from €86,226 to €142,814
- Depreciation +€19,382
up €19,382 (+57.7%), from €33,590 to €52,972
- Taxes +€7,538
up €7,538 (+97.1%), from €7,764 to €15,302
- Other operating charges +€2,004
up €2,004 (+15.0%), from €13,328 to €15,332
- Financial charges -€1,983
down €1,983 (-48.1%), from €4,120 to €2,137
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 | €193,633 | €237,284 | +€43,651 | +22.5% |
| Fixed assets | 21/28 | €55,316 | €150,277 | +€94,960 | +172% |
| Tangible fixed assets | 22/27 | €46,316 | €141,277 | +€94,960 | +205% |
| Plant, machinery and equipment | 23 | €662 | €261 | -€402 | -60.6% |
| Furniture and vehicles | 24 | €45,654 | €141,016 | +€95,362 | +209% |
| Financial fixed assets | 28 | €9,000 | €9,000 | = | 0.0% |
| Current assets | 29/58 | €138,317 | €87,007 | -€51,310 | -37.1% |
| Amounts receivable within one year | 40/41 | €31,663 | €48,835 | +€17,171 | +54.2% |
| Trade receivables | 40 | €29,427 | €32,986 | +€3,559 | +12.1% |
| Other amounts receivable | 41 | €2,236 | €15,849 | +€13,613 | +609% |
| Current investments | 50/53 | €65,000 | - | -€65,000 | |
| Cash at bank and in hand | 54/58 | €33,840 | €28,134 | -€5,706 | -16.9% |
| Deferred charges and accrued income | 490/1 | €7,813 | €10,039 | +€2,226 | +28.5% |
| Total equity and liabilities | 10/49 | €193,633 | €237,284 | +€43,651 | +22.5% |
| Equity | 10/15 | €117,691 | €3,000 | -€114,691 | -97.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €114,691 | - | -€114,691 | |
| Amounts payable | 17/49 | €75,942 | €234,284 | +€158,341 | +209% |
| Amounts payable after more than one year | 17 | €17,685 | €40,000 | +€22,315 | +126% |
| Financial debts | 170/4 | €17,685 | €40,000 | +€22,315 | +126% |
| Amounts payable within one year | 42/48 | €58,258 | €194,284 | +€136,026 | +233% |
| Current portion of amounts payable after more than one year | 42 | €34,327 | €17,685 | -€16,643 | -48.5% |
| Trade debts | 44 | €14,121 | €19,148 | +€5,027 | +35.6% |
| Suppliers | 440/4 | €14,121 | €19,148 | +€5,027 | +35.6% |
| Taxes, remuneration and social security | 45 | €8,110 | €661 | -€7,448 | -91.8% |
| Taxes | 450/3 | €8,110 | €661 | -€7,448 | -91.8% |
| Other amounts payable | 47/48 | €1,699 | €156,789 | +€155,090 | +9,126% |
| Non-recurring operating income | 76A | - | €41,932 | +€41,932 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,590 | €52,972 | +€19,382 | +57.7% |
| Other operating charges | 640/8 | €13,328 | €15,332 | +€2,004 | +15.0% |
| Gross operating margin | 9900 | €86,226 | €142,814 | +€56,588 | +65.6% |
| Operating profit (loss) | 9901 | €39,308 | €74,510 | +€35,202 | +89.6% |
| Financial income | 75/76B | €5 | €881 | +€876 | +16,252% |
| Recurring financial income | 75 | €5 | €881 | +€876 | +16,252% |
| Financial charges | 65/66B | €4,120 | €2,137 | -€1,983 | -48.1% |
| Recurring financial charges | 65 | €4,120 | €2,137 | -€1,983 | -48.1% |
| Profit (loss) for the period before taxes | 9903 | €35,193 | €73,254 | +€38,061 | +108% |
| Income taxes | 67/77 | €7,764 | €15,302 | +€7,538 | +97.1% |
| Profit (loss) for the period | 9904 | €27,429 | €57,953 | +€30,524 | +111% |
| Profit (loss) for the period to be appropriated | 9905 | €27,429 | €57,953 | +€30,524 | +111% |
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.