TRAZURA: what changed
TRAZURA
Largest movements
- Receivables within one year +€66,880
up €66,880 (+115%), from €58,330 to €125,209
of which Other amounts receivable: +€56,022
- Tangible fixed assets -€63,838
down €63,838 (-35.4%), from €180,473 to €116,635
of which Leasing and similar rights: -€44,595
- Cash +€20,412
up €20,412 (+39.3%), from €51,949 to €72,362
mainly Other debts (+€75,000) and Net result for the year (+€72,514)
- Other debts +€75,000
new in 2025: €75,000
- Debts after one year -€32,808
down €32,808 (-33.3%), from €98,577 to €65,769
- Current portion of long-term debt -€13,887
down €13,887 (-29.7%), from €46,696 to €32,808
- Tax, wage and social debts -€8,119
down €8,119 (-15.4%), from €52,632 to €44,513
of which Remuneration and social security: -€6,287
- Trade debts +€7,565
up €7,565 (+147%), from €5,154 to €12,719
- Gross operating margin -€19,243
down €19,243 (-5.8%), from €329,200 to €309,957
- Depreciation +€18,332
up €18,332 (+36.9%), from €49,702 to €68,034
- Taxes -€9,221
down €9,221 (-19.7%), from €46,749 to €37,528
- Staff costs -€8,288
down €8,288 (-6.1%), from €136,045 to €127,757
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €481,105 | €506,369 | +€25,264 | +5.3% |
| Fixed assets | 21/28 | €182,308 | €120,220 | -€62,088 | -34.1% |
| Tangible fixed assets | 22/27 | €180,473 | €116,635 | -€63,838 | -35.4% |
| Plant, machinery and equipment | 23 | €2,111 | €1,974 | -€137 | -6.5% |
| Furniture and vehicles | 24 | €35,661 | €16,555 | -€19,106 | -53.6% |
| Leasing and similar rights | 25 | €142,701 | €98,106 | -€44,595 | -31.3% |
| Financial fixed assets | 28 | €1,835 | €3,585 | +€1,750 | +95.4% |
| Current assets | 29/58 | €298,797 | €386,149 | +€87,352 | +29.2% |
| Amounts receivable after more than one year | 29 | €175,000 | €175,000 | = | 0.0% |
| Other amounts receivable | 291 | €175,000 | €175,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €58,330 | €125,209 | +€66,880 | +115% |
| Trade receivables | 40 | €32,963 | €43,820 | +€10,858 | +32.9% |
| Other amounts receivable | 41 | €25,367 | €81,389 | +€56,022 | +221% |
| Current investments | 50/53 | €9,140 | €9,140 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €51,949 | €72,362 | +€20,412 | +39.3% |
| Deferred charges and accrued income | 490/1 | €4,379 | €4,438 | +€60 | +1.4% |
| Total equity and liabilities | 10/49 | €481,105 | €506,369 | +€25,264 | +5.3% |
| Equity | 10/15 | €278,046 | €275,560 | -€2,486 | -0.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €218,735 | €216,249 | -€2,486 | -1.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €216,875 | €214,389 | -€2,486 | -1.1% |
| Profit (loss) carried forward | 14 | €40,712 | €40,712 | = | 0.0% |
| Amounts payable | 17/49 | €203,059 | €230,809 | +€27,750 | +13.7% |
| Amounts payable after more than one year | 17 | €98,577 | €65,769 | -€32,808 | -33.3% |
| Financial debts | 170/4 | €98,577 | €65,769 | -€32,808 | -33.3% |
| Amounts payable within one year | 42/48 | €104,482 | €165,040 | +€60,559 | +58.0% |
| Current portion of amounts payable after more than one year | 42 | €46,696 | €32,808 | -€13,887 | -29.7% |
| Trade debts | 44 | €5,154 | €12,719 | +€7,565 | +147% |
| Suppliers | 440/4 | €5,154 | €12,719 | +€7,565 | +147% |
| Taxes, remuneration and social security | 45 | €52,632 | €44,513 | -€8,119 | -15.4% |
| Taxes | 450/3 | €37,534 | €35,702 | -€1,832 | -4.9% |
| Remuneration and social security | 454/9 | €15,098 | €8,811 | -€6,287 | -41.6% |
| Other amounts payable | 47/48 | - | €75,000 | +€75,000 | |
| Non-recurring operating income | 76A | €8,000 | - | -€8,000 | |
| Remuneration, social security and pensions | 62 | €136,045 | €127,757 | -€8,288 | -6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,702 | €68,034 | +€18,332 | +36.9% |
| Other operating charges | 640/8 | €2,840 | €2,759 | -€81 | -2.9% |
| Gross operating margin | 9900 | €329,200 | €309,957 | -€19,243 | -5.8% |
| Operating profit (loss) | 9901 | €140,613 | €111,407 | -€29,206 | -20.8% |
| Financial income | 75/76B | €3,658 | €5,342 | +€1,684 | +46.0% |
| Recurring financial income | 75 | €3,658 | €5,342 | +€1,684 | +46.0% |
| Financial charges | 65/66B | €6,155 | €6,708 | +€553 | +9.0% |
| Recurring financial charges | 65 | €6,155 | €6,708 | +€553 | +9.0% |
| Profit (loss) for the period before taxes | 9903 | €138,116 | €110,041 | -€28,075 | -20.3% |
| Income taxes | 67/77 | €46,749 | €37,528 | -€9,221 | -19.7% |
| Profit (loss) for the period | 9904 | €91,367 | €72,514 | -€18,854 | -20.6% |
| Profit (loss) for the period to be appropriated | 9905 | €91,367 | €72,514 | -€18,854 | -20.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.