TRATIMMO: 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.
TRATIMMO
Largest movements
- Cash -€112,541
down €112,541 (-48.1%), from €233,753 to €121,211
mainly Contributions, distributions and other (-€68,299) and Other debts (-€40,617)
- Receivables within one year -€19,838
down €19,838 (-9.3%), from €212,975 to €193,137
- Tangible fixed assets +€7,864
up €7,864 (+17.9%), from €43,951 to €51,815
- Reserves -€56,878
down €56,878 (-34.8%), from €163,675 to €106,797
of which Distributable reserves: -€57,453
- Other debts -€40,617
down €40,617 (-86.4%), from €47,014 to €6,397
- Provisions -€21,656
no longer reported in 2025 (was €21,656)
- Trade debts -€8,840
down €8,840 (-87.4%), from €10,111 to €1,271
- Financial charges -€77,828
down €77,828 (-99.9%), from €77,868 to €40
of which Non-recurring financial charges: -€74,400
- Gross operating margin -€42,575
down €42,575 (-88.8%), from €47,956 to €5,381
- Provisions -€21,656
new in 2025: -€21,656
- Depreciation +€838
up €838 (+25.0%), from €3,356 to €4,194
- Taxes +€741
up €741 (+17.7%), from €4,187 to €4,928
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 | €491,855 | €367,390 | -€124,466 | -25.3% |
| Fixed assets | 21/28 | €44,323 | €52,187 | +€7,864 | +17.7% |
| Tangible fixed assets | 22/27 | €43,951 | €51,815 | +€7,864 | +17.9% |
| Land and buildings | 22 | €43,951 | €51,815 | +€7,864 | +17.9% |
| Financial fixed assets | 28 | €372 | €372 | = | 0.0% |
| Current assets | 29/58 | €447,533 | €315,203 | -€132,330 | -29.6% |
| Amounts receivable within one year | 40/41 | €212,975 | €193,137 | -€19,838 | -9.3% |
| Other amounts receivable | 41 | €212,975 | €193,137 | -€19,838 | -9.3% |
| Cash at bank and in hand | 54/58 | €233,753 | €121,211 | -€112,541 | -48.1% |
| Deferred charges and accrued income | 490/1 | €806 | €855 | +€49 | +6.1% |
| Total equity and liabilities | 10/49 | €491,855 | €367,390 | -€124,466 | -25.3% |
| Equity | 10/15 | €412,043 | €355,165 | -€56,878 | -13.8% |
| Contributions | 10/11 | €248,368 | €248,368 | = | 0.0% |
| Capital | 10 | €248,368 | €248,368 | = | 0.0% |
| Issued capital | 100 | €248,368 | €248,368 | = | 0.0% |
| Reserves | 13 | €163,675 | €106,797 | -€56,878 | -34.8% |
| Non-distributable reserves | 130/1 | €12,901 | €13,476 | +€575 | +4.5% |
| Legal reserve | 130 | €12,901 | €13,476 | +€575 | +4.5% |
| Distributable reserves | 133 | €150,773 | €93,321 | -€57,453 | -38.1% |
| Provisions and deferred taxes | 16 | €21,656 | - | -€21,656 | |
| Provisions for liabilities and charges | 160/5 | €21,656 | - | -€21,656 | |
| Other liabilities and charges | 164/5 | €21,656 | - | -€21,656 | |
| Amounts payable | 17/49 | €58,157 | €12,225 | -€45,932 | -79.0% |
| Amounts payable within one year | 42/48 | €58,157 | €12,225 | -€45,932 | -79.0% |
| Trade debts | 44 | €10,111 | €1,271 | -€8,840 | -87.4% |
| Suppliers | 440/4 | €10,111 | €1,271 | -€8,840 | -87.4% |
| Taxes, remuneration and social security | 45 | €1,032 | €4,557 | +€3,525 | +341.6% |
| Taxes | 450/3 | €1,032 | €4,557 | +€3,525 | +341.6% |
| Other amounts payable | 47/48 | €47,014 | €6,397 | -€40,617 | -86.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,356 | €4,194 | +€838 | +25.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€21,656 | -€21,656 | |
| Other operating charges | 640/8 | €8,146 | €8,402 | +€256 | +3.1% |
| Gross operating margin | 9900 | €47,956 | €5,381 | -€42,575 | -88.8% |
| Operating profit (loss) | 9901 | €36,454 | €14,441 | -€22,013 | -60.4% |
| Financial income | 75/76B | €2,226 | €1,948 | -€278 | -12.5% |
| Recurring financial income | 75 | €2,226 | €1,948 | -€278 | -12.5% |
| Financial charges | 65/66B | €77,868 | €40 | -€77,828 | -99.9% |
| Recurring financial charges | 65 | €3,468 | €40 | -€3,428 | -98.8% |
| Non-recurring financial charges | 66B | €74,400 | - | -€74,400 | |
| Profit (loss) for the period before taxes | 9903 | -€39,189 | €16,349 | +€55,538 | |
| Income taxes | 67/77 | €4,187 | €4,928 | +€741 | +17.7% |
| Profit (loss) for the period | 9904 | -€43,376 | €11,421 | +€54,797 | |
| Profit (loss) for the period to be appropriated | 9905 | -€43,376 | €11,421 | +€54,797 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.