Trawobo: 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.
Trawobo
Largest movements
- Receivables within one year -€369,571
down €369,571 (-26.5%), from €1.4m to €1.0m
of which Other amounts receivable: -€206,970
- Stocks and contracts +€326,300
up €326,300 (+19.7%), from €1.7m to €2.0m
of which Contracts in progress: +€292,800
- Cash -€195,034
down €195,034 (-28.9%), from €675,278 to €480,245
mainly Stocks and contracts (-€326,300) and Trade debts (-€129,513)
- Trade debts -€129,513
down €129,513 (-24.2%), from €535,840 to €406,326
- Profit (loss) carried forward -€92,687
down €92,687 (-29.8%), from €311,307 to €218,620
- Debts after one year -€64,641
down €64,641 (-55.0%), from €117,472 to €52,831
- Gross operating margin -€445,362
down €445,362 (-26.0%), from €1.7m to €1.3m
- Staff costs -€168,057
down €168,057 (-12.4%), from €1.4m to €1.2m
- Depreciation -€76,759
down €76,759 (-39.3%), from €195,163 to €118,404
- Taxes -€44,518
down €44,518 (-97.3%), from €45,751 to €1,233
- Financial charges -€25,228
down €25,228 (-34.8%), from €72,484 to €47,256
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,187,934 | €3,873,346 | -€314,588 | -7.5% |
| Fixed assets | 21/28 | €390,674 | €353,276 | -€37,398 | -9.6% |
| Tangible fixed assets | 22/27 | €261,521 | €222,473 | -€39,048 | -14.9% |
| Plant, machinery and equipment | 23 | €90,645 | €128,160 | +€37,515 | +41.4% |
| Furniture and vehicles | 24 | €102,407 | €59,335 | -€43,072 | -42.1% |
| Leasing and similar rights | 25 | €68,469 | €34,979 | -€33,491 | -48.9% |
| Financial fixed assets | 28 | €129,153 | €130,803 | +€1,650 | +1.3% |
| Current assets | 29/58 | €3,797,260 | €3,520,069 | -€277,190 | -7.3% |
| Stocks and contracts in progress | 3 | €1,652,400 | €1,978,700 | +€326,300 | +19.7% |
| Stocks | 30/36 | €380,200 | €413,700 | +€33,500 | +8.8% |
| Contracts in progress | 37 | €1,272,200 | €1,565,000 | +€292,800 | +23.0% |
| Amounts receivable within one year | 40/41 | €1,392,942 | €1,023,371 | -€369,571 | -26.5% |
| Trade receivables | 40 | €497,619 | €335,019 | -€162,600 | -32.7% |
| Other amounts receivable | 41 | €895,322 | €688,352 | -€206,970 | -23.1% |
| Current investments | 50/53 | €28,183 | €8,254 | -€19,929 | -70.7% |
| Cash at bank and in hand | 54/58 | €675,278 | €480,245 | -€195,034 | -28.9% |
| Deferred charges and accrued income | 490/1 | €48,457 | €29,500 | -€18,957 | -39.1% |
| Total equity and liabilities | 10/49 | €4,187,934 | €3,873,346 | -€314,588 | -7.5% |
| Equity | 10/15 | €3,216,707 | €3,124,020 | -€92,687 | -2.9% |
| Contributions | 10/11 | €518,600 | €518,600 | = | 0.0% |
| Reserves | 13 | €2,386,800 | €2,386,800 | = | 0.0% |
| Non-distributable reserves | 130/1 | €36,800 | €36,800 | = | 0.0% |
| Reserves not available under the articles | 1311 | €36,800 | €36,800 | = | 0.0% |
| Distributable reserves | 133 | €2,350,000 | €2,350,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €311,307 | €218,620 | -€92,687 | -29.8% |
| Amounts payable | 17/49 | €971,227 | €749,326 | -€221,901 | -22.8% |
| Amounts payable after more than one year | 17 | €117,472 | €52,831 | -€64,641 | -55.0% |
| Financial debts | 170/4 | €117,472 | €52,831 | -€64,641 | -55.0% |
| Amounts payable within one year | 42/48 | €853,755 | €695,897 | -€157,857 | -18.5% |
| Current portion of amounts payable after more than one year | 42 | €118,722 | €82,196 | -€36,526 | -30.8% |
| Financial debts | 43 | €100,000 | €100,000 | = | 0.0% |
| Credit institutions | 430/8 | €100,000 | €100,000 | = | 0.0% |
| Trade debts | 44 | €535,840 | €406,326 | -€129,513 | -24.2% |
| Suppliers | 440/4 | €535,840 | €406,326 | -€129,513 | -24.2% |
| Taxes, remuneration and social security | 45 | €99,193 | €107,375 | +€8,182 | +8.2% |
| Taxes | 450/3 | €9,870 | €10,172 | +€302 | +3.1% |
| Remuneration and social security | 454/9 | €89,324 | €97,203 | +€7,880 | +8.8% |
| Accrued charges and deferred income | 492/3 | - | €597 | +€597 | |
| Non-recurring operating income | 76A | €38,011 | €97,125 | +€59,114 | +155.5% |
| Remuneration, social security and pensions | 62 | €1,353,451 | €1,185,393 | -€168,057 | -12.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €195,163 | €118,404 | -€76,759 | -39.3% |
| Other operating charges | 640/8 | €20,984 | €18,609 | -€2,375 | -11.3% |
| Gross operating margin | 9900 | €1,711,069 | €1,265,707 | -€445,362 | -26.0% |
| Operating profit (loss) | 9901 | €141,472 | -€56,699 | -€198,171 | |
| Financial income | 75/76B | €12,332 | €12,501 | +€169 | +1.4% |
| Recurring financial income | 75 | €12,332 | €12,501 | +€169 | +1.4% |
| Financial charges | 65/66B | €72,484 | €47,256 | -€25,228 | -34.8% |
| Recurring financial charges | 65 | €72,484 | €47,256 | -€25,228 | -34.8% |
| Profit (loss) for the period before taxes | 9903 | €81,319 | -€91,454 | -€172,773 | |
| Income taxes | 67/77 | €45,751 | €1,233 | -€44,518 | -97.3% |
| Profit (loss) for the period | 9904 | €35,568 | -€92,687 | -€128,255 | |
| Profit (loss) for the period to be appropriated | 9905 | €35,568 | -€92,687 | -€128,255 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.