TRAQUA: 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.
TRAQUA
Largest movements
- Receivables within one year +€20,662
up €20,662 (+176.4%), from €11,716 to €32,377
of which Trade receivables: +€20,662
- Cash -€2,450
down €2,450 (-30.1%), from €8,134 to €5,683
mainly Receivables within one year (-€20,662) and Debts after one year (-€11,642)
- Profit (loss) carried forward +€25,631
up €25,631 (+15.8%), from -€161,908 to -€136,277
- Debts after one year -€11,642
down €11,642 (-39.2%), from €29,665 to €18,023
- Tax, wage and social debts -€11,487
down €11,487 (-31.0%), from €37,045 to €25,558
of which Remuneration and social security: -€13,151
- Trade debts +€8,931
up €8,931 (+63.4%), from €14,075 to €23,006
- Other debts +€5,683
up €5,683 (+37.3%), from €15,239 to €20,922
- Gross operating margin +€104,084
up €104,084 (+344.1%), from €30,247 to €134,331
- Staff costs +€66,644
up €66,644 (+178.6%), from €37,315 to €103,959
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 | €26,665 | €44,616 | +€17,951 | +67.3% |
| Fixed assets | 21/28 | €3,266 | €2,810 | -€456 | -14.0% |
| Tangible fixed assets | 22/27 | €1,278 | €922 | -€356 | -27.9% |
| Plant, machinery and equipment | 23 | €1,278 | €922 | -€356 | -27.9% |
| Financial fixed assets | 28 | €1,988 | €1,888 | -€100 | -5.0% |
| Current assets | 29/58 | €23,399 | €41,806 | +€18,407 | +78.7% |
| Amounts receivable within one year | 40/41 | €11,716 | €32,377 | +€20,662 | +176.4% |
| Trade receivables | 40 | €11,716 | €32,377 | +€20,662 | +176.4% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €8,134 | €5,683 | -€2,450 | -30.1% |
| Deferred charges and accrued income | 490/1 | €3,550 | €3,746 | +€196 | +5.5% |
| Total equity and liabilities | 10/49 | €26,665 | €44,616 | +€17,951 | +67.3% |
| Equity | 10/15 | -€81,908 | -€56,277 | +€25,631 | +31.3% |
| Contributions | 10/11 | €80,000 | €80,000 | = | 0.0% |
| Capital | 10 | €80,000 | €80,000 | = | 0.0% |
| Issued capital | 100 | €80,000 | €80,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€161,908 | -€136,277 | +€25,631 | +15.8% |
| Amounts payable | 17/49 | €108,573 | €100,893 | -€7,679 | -7.1% |
| Amounts payable after more than one year | 17 | €29,665 | €18,023 | -€11,642 | -39.2% |
| Financial debts | 170/4 | €29,665 | €18,023 | -€11,642 | -39.2% |
| Amounts payable within one year | 42/48 | €78,907 | €82,120 | +€3,213 | +4.1% |
| Current portion of amounts payable after more than one year | 42 | €12,548 | €12,634 | +€86 | +0.7% |
| Trade debts | 44 | €14,075 | €23,006 | +€8,931 | +63.4% |
| Suppliers | 440/4 | €14,075 | €23,006 | +€8,931 | +63.4% |
| Taxes, remuneration and social security | 45 | €37,045 | €25,558 | -€11,487 | -31.0% |
| Taxes | 450/3 | €8,891 | €10,555 | +€1,664 | +18.7% |
| Remuneration and social security | 454/9 | €28,154 | €15,003 | -€13,151 | -46.7% |
| Other amounts payable | 47/48 | €15,239 | €20,922 | +€5,683 | +37.3% |
| Accrued charges and deferred income | 492/3 | - | €750 | +€750 | |
| Remuneration, social security and pensions | 62 | €37,315 | €103,959 | +€66,644 | +178.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €356 | €356 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €81 | €0 | -€81 | -100.0% |
| Other operating charges | 640/8 | €894 | €962 | +€68 | +7.6% |
| Gross operating margin | 9900 | €30,247 | €134,331 | +€104,084 | +344.1% |
| Operating profit (loss) | 9901 | -€8,399 | €29,054 | +€37,453 | |
| Financial income | 75/76B | €35 | €0 | -€34 | -98.8% |
| Recurring financial income | 75 | €35 | €0 | -€34 | -98.8% |
| Financial charges | 65/66B | €2,187 | €2,980 | +€793 | +36.3% |
| Recurring financial charges | 65 | €2,187 | €2,980 | +€793 | +36.3% |
| Profit (loss) for the period before taxes | 9903 | -€10,551 | €26,074 | +€36,625 | |
| Income taxes | 67/77 | €215 | €444 | +€229 | +106.3% |
| Profit (loss) for the period | 9904 | -€10,766 | €25,631 | +€36,397 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,766 | €25,631 | +€36,397 |
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 11 October 2026 via checked.be.