TRAKO: what changed
Two fiscal 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.
TRAKO
Largest movements
- Stocks and contracts -€67,254
down €67,254 (-85.4%), from €78,735 to €11,481
- Receivables within one year -€56,892
down €56,892 (-7.0%), from €807,803 to €750,910
of which Trade receivables: -€616,915
- Cash +€27,091
up €27,091 (+488.0%), from €5,551 to €32,643
mainly Net result for the year (+€69,961) and Stocks and contracts (+€67,254)
- Tangible fixed assets -€24,444
down €24,444 (-32.1%), from €76,197 to €51,753
of which Furniture and vehicles: -€23,411
- Tax, wage and social debts -€129,306
down €129,306 (-57.2%), from €225,904 to €96,598
of which Taxes: -€93,667
- Profit (loss) carried forward +€69,961
up €69,961 (+49.6%), from €141,049 to €211,010
- Trade debts -€37,715
down €37,715 (-21.8%), from €173,382 to €135,667
- Other debts -€25,149
no longer reported in 2025 (was €25,149)
- Turnover -€2.3m
no longer reported in 2025 (was €2.3m)
- Purchases and services -€1.3m
no longer reported in 2025 (was €1.3m)
- Staff costs -€254,157
down €254,157 (-24.4%), from €1.0m to €788,094
- Gross operating margin -€218,207
down €218,207 (-18.5%), from €1.2m to €959,209
- Depreciation -€49,006
down €49,006 (-59.7%), from €82,024 to €33,018
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 | €978,219 | €856,010 | -€122,209 | -12.5% |
| Fixed assets | 21/28 | €79,187 | €54,878 | -€24,309 | -30.7% |
| Tangible fixed assets | 22/27 | €76,197 | €51,753 | -€24,444 | -32.1% |
| Plant, machinery and equipment | 23 | €3,347 | €2,314 | -€1,033 | -30.9% |
| Furniture and vehicles | 24 | €72,849 | €49,439 | -€23,411 | -32.1% |
| Financial fixed assets | 28 | €2,990 | €3,125 | +€135 | +4.5% |
| Current assets | 29/58 | €899,032 | €801,133 | -€97,899 | -10.9% |
| Stocks and contracts in progress | 3 | €78,735 | €11,481 | -€67,254 | -85.4% |
| Stocks | 30/36 | €78,735 | €11,481 | -€67,254 | -85.4% |
| Amounts receivable within one year | 40/41 | €807,803 | €750,910 | -€56,892 | -7.0% |
| Trade receivables | 40 | €678,042 | €61,127 | -€616,915 | -91.0% |
| Other amounts receivable | 41 | €129,761 | €689,783 | +€560,023 | +431.6% |
| Cash at bank and in hand | 54/58 | €5,551 | €32,643 | +€27,091 | +488.0% |
| Deferred charges and accrued income | 490/1 | €6,943 | €6,099 | -€845 | -12.2% |
| Total equity and liabilities | 10/49 | €978,219 | €856,010 | -€122,209 | -12.5% |
| Equity | 10/15 | €553,784 | €623,745 | +€69,961 | +12.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €350,735 | €350,735 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €344,535 | €344,535 | = | 0.0% |
| Profit (loss) carried forward | 14 | €141,049 | €211,010 | +€69,961 | +49.6% |
| Amounts payable | 17/49 | €424,435 | €232,265 | -€192,170 | -45.3% |
| Amounts payable within one year | 42/48 | €424,435 | €232,265 | -€192,170 | -45.3% |
| Trade debts | 44 | €173,382 | €135,667 | -€37,715 | -21.8% |
| Suppliers | 440/4 | €173,382 | €135,667 | -€37,715 | -21.8% |
| Taxes, remuneration and social security | 45 | €225,904 | €96,598 | -€129,306 | -57.2% |
| Taxes | 450/3 | €98,050 | €4,383 | -€93,667 | -95.5% |
| Remuneration and social security | 454/9 | €127,855 | €92,215 | -€35,639 | -27.9% |
| Other amounts payable | 47/48 | €25,149 | - | -€25,149 | |
| Turnover | 70 | €2,311,039 | - | -€2.3m | |
| Non-recurring operating income | 76A | €28,000 | €4,338 | -€23,662 | -84.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,260,844 | - | -€1.3m | |
| Remuneration, social security and pensions | 62 | €1,042,251 | €788,094 | -€254,157 | -24.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €82,024 | €33,018 | -€49,006 | -59.7% |
| Other operating charges | 640/8 | €13,880 | €12,325 | -€1,555 | -11.2% |
| Gross operating margin | 9900 | €1,177,416 | €959,209 | -€218,207 | -18.5% |
| Operating profit (loss) | 9901 | €39,262 | €125,772 | +€86,511 | +220.3% |
| Financial income | 75/76B | €2,434 | €4,710 | +€2,277 | +93.6% |
| Recurring financial income | 75 | €2,434 | €4,710 | +€2,277 | +93.6% |
| Financial charges | 65/66B | €18,306 | €35,036 | +€16,730 | +91.4% |
| Recurring financial charges | 65 | €18,306 | €35,036 | +€16,730 | +91.4% |
| Profit (loss) for the period before taxes | 9903 | €23,389 | €95,447 | +€72,058 | +308.1% |
| Income taxes | 67/77 | €7,246 | €25,486 | +€18,240 | +251.7% |
| Profit (loss) for the period | 9904 | €16,143 | €69,961 | +€53,818 | +333.4% |
| Profit (loss) for the period to be appropriated | 9905 | €16,143 | €69,961 | +€53,818 | +333.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.