TRATE: 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.
TRATE
Largest movements
- Receivables within one year +€70,932
up €70,932 (+94.3%), from €75,218 to €146,150
of which Trade receivables: +€58,389
- Stocks and contracts +€60,693
new in 2025: €60,693
- Tangible fixed assets +€16,143
up €16,143 (+894%), from €1,805 to €17,948
- Cash -€3,305
down €3,305 (-15.7%), from €21,001 to €17,697
mainly Receivables within one year (-€70,932) and Stocks and contracts (-€60,693)
- Other debts +€95,469
up €95,469 (+1,586%), from €6,021 to €101,490
- Trade debts +€31,296
up €31,296 (+867%), from €3,611 to €34,907
- Tax, wage and social debts +€13,778
up €13,778 (+523%), from €2,633 to €16,411
- Gross operating margin +€977
up €977 (+29.6%), from €3,296 to €4,273
- Taxes -€749
down €749 (-63.2%), from €1,185 to €436
- Other operating charges -€115
down €115 (-22.9%), from €502 to €387
- Financial charges -€52
down €52 (-41.8%), from €125 to €73
- Depreciation +€46
up €46 (+3.9%), from €1,199 to €1,245
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 | €100,349 | €243,023 | +€142,674 | +142% |
| Fixed assets | 21/28 | €1,805 | €17,948 | +€16,143 | +894% |
| Tangible fixed assets | 22/27 | €1,805 | €17,948 | +€16,143 | +894% |
| Plant, machinery and equipment | 23 | €1,134 | €6,774 | +€5,640 | +497% |
| Furniture and vehicles | 24 | €671 | €6,669 | +€5,997 | +893% |
| Assets under construction and advance payments | 27 | - | €4,506 | +€4,506 | |
| Current assets | 29/58 | €98,544 | €225,075 | +€126,531 | +128% |
| Stocks and contracts in progress | 3 | - | €60,693 | +€60,693 | |
| Stocks | 30/36 | - | €60,693 | +€60,693 | |
| Amounts receivable within one year | 40/41 | €75,218 | €146,150 | +€70,932 | +94.3% |
| Trade receivables | 40 | €67,883 | €126,272 | +€58,389 | +86.0% |
| Other amounts receivable | 41 | €7,335 | €19,878 | +€12,543 | +171% |
| Cash at bank and in hand | 54/58 | €21,001 | €17,697 | -€3,305 | -15.7% |
| Deferred charges and accrued income | 490/1 | €2,325 | €536 | -€1,789 | -77.0% |
| Total equity and liabilities | 10/49 | €100,349 | €243,023 | +€142,674 | +142% |
| Equity | 10/15 | €88,085 | €90,217 | +€2,132 | +2.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €81,885 | €84,017 | +€2,132 | +2.6% |
| Distributable reserves | 133 | €81,885 | €84,017 | +€2,132 | +2.6% |
| Amounts payable | 17/49 | €12,265 | €152,807 | +€140,542 | +1,146% |
| Amounts payable within one year | 42/48 | €12,265 | €152,807 | +€140,542 | +1,146% |
| Trade debts | 44 | €3,611 | €34,907 | +€31,296 | +867% |
| Suppliers | 440/4 | €3,611 | €34,907 | +€31,296 | +867% |
| Taxes, remuneration and social security | 45 | €2,633 | €16,411 | +€13,778 | +523% |
| Taxes | 450/3 | €2,633 | €16,411 | +€13,778 | +523% |
| Other amounts payable | 47/48 | €6,021 | €101,490 | +€95,469 | +1,586% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,199 | €1,245 | +€46 | +3.9% |
| Other operating charges | 640/8 | €502 | €387 | -€115 | -22.9% |
| Gross operating margin | 9900 | €3,296 | €4,273 | +€977 | +29.6% |
| Operating profit (loss) | 9901 | €1,595 | €2,640 | +€1,046 | +65.6% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €125 | €73 | -€52 | -41.8% |
| Recurring financial charges | 65 | €125 | €73 | -€52 | -41.8% |
| Profit (loss) for the period before taxes | 9903 | €1,470 | €2,568 | +€1,098 | +74.7% |
| Income taxes | 67/77 | €1,185 | €436 | -€749 | -63.2% |
| Profit (loss) for the period | 9904 | €285 | €2,132 | +€1,847 | +649% |
| Profit (loss) for the period to be appropriated | 9905 | €285 | €2,132 | +€1,847 | +649% |
Source: filed annual accounts (NBB), financial years ended 29 June 2024 and 31 January 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.