TRATSAERT TOM: 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.
TRATSAERT TOM
Largest movements
- Tangible fixed assets +€30,487
up €30,487 (+4.6%), from €661,480 to €691,967
of which Furniture and vehicles: +€60,930
- Current investments -€24,182
down €24,182 (-25.9%), from €93,257 to €69,075
- Other debts +€42,582
new in 2025: €42,582
- Reserves -€26,597
down €26,597 (-3.7%), from €710,723 to €684,126
of which Distributable reserves: -€26,597
- Debts after one year -€17,862
down €17,862 (-38.0%), from €46,992 to €29,130
- Gross operating margin +€31,603
up €31,603 (+259%), from €12,224 to €43,827
- Financial income +€14,546
up €14,546 (+191%), from €7,621 to €22,167
- Financial charges -€9,325
down €9,325 (-57.6%), from €16,190 to €6,865
- Depreciation +€3,300
up €3,300 (+9.8%), from €33,713 to €37,013
- Taxes +€1,918
up €1,918, from €0 to €1,918
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 | €781,523 | €781,513 | -€10 | 0.0% |
| Fixed assets | 21/28 | €661,480 | €691,967 | +€30,487 | +4.6% |
| Tangible fixed assets | 22/27 | €661,480 | €691,967 | +€30,487 | +4.6% |
| Land and buildings | 22 | €611,573 | €592,225 | -€19,348 | -3.2% |
| Plant, machinery and equipment | 23 | €41,850 | €30,755 | -€11,095 | -26.5% |
| Furniture and vehicles | 24 | €8,057 | €68,987 | +€60,930 | +756% |
| Current assets | 29/58 | €120,044 | €89,546 | -€30,498 | -25.4% |
| Amounts receivable within one year | 40/41 | €20,120 | €17,248 | -€2,872 | -14.3% |
| Trade receivables | 40 | €1,687 | €1,753 | +€66 | +3.9% |
| Other amounts receivable | 41 | €18,433 | €15,495 | -€2,938 | -15.9% |
| Current investments | 50/53 | €93,257 | €69,075 | -€24,182 | -25.9% |
| Cash at bank and in hand | 54/58 | €5,779 | €3,222 | -€2,557 | -44.2% |
| Deferred charges and accrued income | 490/1 | €887 | €0 | -€887 | -100% |
| Total equity and liabilities | 10/49 | €781,523 | €781,513 | -€10 | 0.0% |
| Equity | 10/15 | €717,073 | €690,476 | -€26,597 | -3.7% |
| Contributions | 10/11 | €6,350 | €6,350 | = | 0.0% |
| Reserves | 13 | €710,723 | €684,126 | -€26,597 | -3.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €710,723 | €684,126 | -€26,597 | -3.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €64,450 | €91,037 | +€26,587 | +41.3% |
| Amounts payable after more than one year | 17 | €46,992 | €29,130 | -€17,862 | -38.0% |
| Financial debts | 170/4 | €46,992 | €29,130 | -€17,862 | -38.0% |
| Amounts payable within one year | 42/48 | €17,458 | €61,907 | +€44,449 | +255% |
| Current portion of amounts payable after more than one year | 42 | €17,458 | €17,862 | +€404 | +2.3% |
| Taxes, remuneration and social security | 45 | €0 | €1,464 | +€1,464 | |
| Taxes | 450/3 | €0 | €1,464 | +€1,464 | |
| Other amounts payable | 47/48 | - | €42,582 | +€42,582 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,713 | €37,013 | +€3,300 | +9.8% |
| Other operating charges | 640/8 | €4,641 | €4,215 | -€426 | -9.2% |
| Gross operating margin | 9900 | €12,224 | €43,827 | +€31,603 | +259% |
| Operating profit (loss) | 9901 | -€26,129 | €2,600 | +€28,728 | |
| Financial income | 75/76B | €7,621 | €22,167 | +€14,546 | +191% |
| Recurring financial income | 75 | €7,621 | €22,167 | +€14,546 | +191% |
| Financial charges | 65/66B | €16,190 | €6,865 | -€9,325 | -57.6% |
| Recurring financial charges | 65 | €16,190 | €6,865 | -€9,325 | -57.6% |
| Profit (loss) for the period before taxes | 9903 | -€34,698 | €17,902 | +€52,600 | |
| Income taxes | 67/77 | €0 | €1,918 | +€1,918 | |
| Profit (loss) for the period | 9904 | -€34,698 | €15,984 | +€50,682 | |
| Profit (loss) for the period to be appropriated | 9905 | -€34,698 | €15,984 | +€50,682 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.