TRAZCELLES: 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.
TRAZCELLES
Largest movements
- Tangible fixed assets -€125,611
down €125,611 (-67.5%), from €186,172 to €60,561
of which Other tangible fixed assets: -€129,113
- Receivables after one year +€75,000
up €75,000 (+20.6%), from €364,000 to €439,000
- Receivables within one year -€70,413
down €70,413 (-81.1%), from €86,819 to €16,405
of which Trade receivables: -€49,528
- Cash -€53,931
down €53,931 (-27.0%), from €199,466 to €145,534
mainly Debts after one year (-€107,928) and Receivables after one year (-€75,000)
- Debts after one year -€107,928
no longer reported in 2025 (was €107,928)
- Current portion of long-term debt -€46,411
down €46,411 (-26.3%), from €176,229 to €129,818
- Profit (loss) carried forward -€14,588
down €14,588, from €13,012 to -€1,576
- Gross operating margin -€79,664
down €79,664 (-6.6%), from €1.2m to €1.1m
- Staff costs +€36,002
up €36,002 (+3.8%), from €947,206 to €983,208
- Depreciation -€29,056
down €29,056 (-16.4%), from €177,457 to €148,401
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 | €873,694 | €704,918 | -€168,775 | -19.3% |
| Fixed assets | 21/28 | €188,405 | €61,689 | -€126,717 | -67.3% |
| Intangible fixed assets | 21 | €1,105 | - | -€1,105 | |
| Tangible fixed assets | 22/27 | €186,172 | €60,561 | -€125,611 | -67.5% |
| Furniture and vehicles | 24 | €11,892 | €15,394 | +€3,501 | +29.4% |
| Other tangible fixed assets | 26 | €174,280 | €45,167 | -€129,113 | -74.1% |
| Financial fixed assets | 28 | €1,128 | €1,128 | = | 0.0% |
| Current assets | 29/58 | €685,288 | €643,230 | -€42,059 | -6.1% |
| Amounts receivable after more than one year | 29 | €364,000 | €439,000 | +€75,000 | +20.6% |
| Other amounts receivable | 291 | €364,000 | €439,000 | +€75,000 | +20.6% |
| Stocks and contracts in progress | 3 | €16,112 | €21,558 | +€5,446 | +33.8% |
| Stocks | 30/36 | €16,112 | €21,558 | +€5,446 | +33.8% |
| Amounts receivable within one year | 40/41 | €86,819 | €16,405 | -€70,413 | -81.1% |
| Trade receivables | 40 | €50,649 | €1,121 | -€49,528 | -97.8% |
| Other amounts receivable | 41 | €36,169 | €15,284 | -€20,885 | -57.7% |
| Cash at bank and in hand | 54/58 | €199,466 | €145,534 | -€53,931 | -27.0% |
| Deferred charges and accrued income | 490/1 | €18,892 | €20,732 | +€1,840 | +9.7% |
| Total equity and liabilities | 10/49 | €873,694 | €704,918 | -€168,775 | -19.3% |
| Equity | 10/15 | €313,012 | €298,424 | -€14,588 | -4.7% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,012 | -€1,576 | -€14,588 | |
| Amounts payable | 17/49 | €560,682 | €406,494 | -€154,187 | -27.5% |
| Amounts payable after more than one year | 17 | €107,928 | - | -€107,928 | |
| Financial debts | 170/4 | €107,928 | - | -€107,928 | |
| Amounts payable within one year | 42/48 | €452,754 | €406,494 | -€46,259 | -10.2% |
| Current portion of amounts payable after more than one year | 42 | €176,229 | €129,818 | -€46,411 | -26.3% |
| Trade debts | 44 | €148,915 | €155,996 | +€7,081 | +4.8% |
| Suppliers | 440/4 | €148,915 | €155,996 | +€7,081 | +4.8% |
| Taxes, remuneration and social security | 45 | €127,587 | €120,294 | -€7,292 | -5.7% |
| Taxes | 450/3 | €6,343 | €4,566 | -€1,777 | -28.0% |
| Remuneration and social security | 454/9 | €121,243 | €115,728 | -€5,515 | -4.5% |
| Other amounts payable | 47/48 | €23 | €386 | +€363 | +1,564% |
| Remuneration, social security and pensions | 62 | €947,206 | €983,208 | +€36,002 | +3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €177,457 | €148,401 | -€29,056 | -16.4% |
| Other operating charges | 640/8 | €3,617 | €3,474 | -€143 | -3.9% |
| Gross operating margin | 9900 | €1,206,146 | €1,126,483 | -€79,664 | -6.6% |
| Operating profit (loss) | 9901 | €77,867 | -€8,601 | -€86,467 | |
| Financial income | 75/76B | €4,004 | €2,319 | -€1,685 | -42.1% |
| Recurring financial income | 75 | €4,004 | €2,319 | -€1,685 | -42.1% |
| Financial charges | 65/66B | €10,605 | €8,306 | -€2,299 | -21.7% |
| Recurring financial charges | 65 | €10,605 | €8,306 | -€2,299 | -21.7% |
| Profit (loss) for the period before taxes | 9903 | €71,265 | -€14,588 | -€85,853 | |
| Profit (loss) for the period | 9904 | €71,265 | -€14,588 | -€85,853 | |
| Profit (loss) for the period to be appropriated | 9905 | €71,265 | -€14,588 | -€85,853 |
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 13 October 2026 via checked.be.