V - TRACO: 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.
V - TRACO
Largest movements
- Tangible fixed assets -€40,284
down €40,284 (-28.7%), from €140,190 to €99,906
of which Furniture and vehicles: -€36,905
- Cash +€10,766
up €10,766 (+280.0%), from €3,845 to €14,611
mainly Depreciation (+€40,284) and Advances received (+€8,760)
- Deferred charges and accrued income +€7,240
up €7,240 (+948.2%), from €764 to €8,004
- Debts after one year -€21,331
down €21,331 (-24.2%), from €88,098 to €66,767
- Trade debts -€9,692
down €9,692 (-42.6%), from €22,732 to €13,040
- Advances received +€8,760
up €8,760 (+37.8%), from €23,190 to €31,951
- Tax, wage and social debts +€3,262
up €3,262 (+480.7%), from €679 to €3,940
of which Taxes: +€1,747
- Profit (loss) carried forward -€2,915
down €2,915 (-6.3%), from €46,203 to €43,288
- Depreciation +€11,442
up €11,442 (+39.7%), from €28,842 to €40,284
- Taxes +€2,844
new in 2024: €2,844
- Other operating charges +€2,577
up €2,577 (+641.3%), from €402 to €2,979
- Gross operating margin +€889
up €889 (+2.0%), from €45,093 to €45,982
- Staff costs -€864
down €864 (-50.3%), from €1,718 to €854
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 | €221,779 | €200,944 | -€20,834 | -9.4% |
| Fixed assets | 21/28 | €140,190 | €99,906 | -€40,284 | -28.7% |
| Tangible fixed assets | 22/27 | €140,190 | €99,906 | -€40,284 | -28.7% |
| Plant, machinery and equipment | 23 | €8,352 | €5,425 | -€2,926 | -35.0% |
| Furniture and vehicles | 24 | €131,155 | €94,250 | -€36,905 | -28.1% |
| Other tangible fixed assets | 26 | €684 | €231 | -€453 | -66.3% |
| Current assets | 29/58 | €81,588 | €101,038 | +€19,450 | +23.8% |
| Stocks and contracts in progress | 3 | €5,186 | €5,186 | = | 0.0% |
| Stocks | 30/36 | €5,186 | €5,186 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €71,794 | €73,238 | +€1,444 | +2.0% |
| Trade receivables | 40 | €59,703 | €60,497 | +€794 | +1.3% |
| Other amounts receivable | 41 | €12,091 | €12,741 | +€650 | +5.4% |
| Cash at bank and in hand | 54/58 | €3,845 | €14,611 | +€10,766 | +280.0% |
| Deferred charges and accrued income | 490/1 | €764 | €8,004 | +€7,240 | +948.2% |
| Total equity and liabilities | 10/49 | €221,779 | €200,944 | -€20,834 | -9.4% |
| Equity | 10/15 | €67,488 | €64,573 | -€2,915 | -4.3% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Capital | 10 | €18,550 | €18,550 | = | 0.0% |
| Issued capital | 100 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €2,734 | €2,734 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Legal reserve | 130 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €879 | €879 | = | 0.0% |
| Profit (loss) carried forward | 14 | €46,203 | €43,288 | -€2,915 | -6.3% |
| Amounts payable | 17/49 | €154,291 | €136,372 | -€17,919 | -11.6% |
| Amounts payable after more than one year | 17 | €88,098 | €66,767 | -€21,331 | -24.2% |
| Financial debts | 170/4 | €88,098 | €66,767 | -€21,331 | -24.2% |
| Amounts payable within one year | 42/48 | €66,193 | €69,605 | +€3,412 | +5.2% |
| Current portion of amounts payable after more than one year | 42 | €19,569 | €20,651 | +€1,082 | +5.5% |
| Financial debts | 43 | €23 | €23 | = | 0.0% |
| Credit institutions | 430/8 | €23 | €23 | = | 0.0% |
| Trade debts | 44 | €22,732 | €13,040 | -€9,692 | -42.6% |
| Suppliers | 440/4 | €22,732 | €13,040 | -€9,692 | -42.6% |
| Advances received on contracts in progress | 46 | €23,190 | €31,951 | +€8,760 | +37.8% |
| Taxes, remuneration and social security | 45 | €679 | €3,940 | +€3,262 | +480.7% |
| Taxes | 450/3 | €679 | €2,426 | +€1,747 | +257.4% |
| Remuneration and social security | 454/9 | - | €1,515 | +€1,515 | |
| Non-recurring operating income | 76A | €41,433 | €15,500 | -€25,933 | -62.6% |
| Remuneration, social security and pensions | 62 | €1,718 | €854 | -€864 | -50.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,842 | €40,284 | +€11,442 | +39.7% |
| Other operating charges | 640/8 | €402 | €2,979 | +€2,577 | +641.3% |
| Non-recurring operating charges | 66A | €2,150 | - | -€2,150 | |
| Gross operating margin | 9900 | €45,093 | €45,982 | +€889 | +2.0% |
| Operating profit (loss) | 9901 | €11,981 | €1,865 | -€10,116 | -84.4% |
| Financial income | 75/76B | €769 | €591 | -€178 | -23.1% |
| Recurring financial income | 75 | €769 | €591 | -€178 | -23.1% |
| Financial charges | 65/66B | €2,987 | €2,527 | -€461 | -15.4% |
| Recurring financial charges | 65 | €2,987 | €2,527 | -€461 | -15.4% |
| Profit (loss) for the period before taxes | 9903 | €9,762 | -€71 | -€9,833 | |
| Income taxes | 67/77 | - | €2,844 | +€2,844 | |
| Profit (loss) for the period | 9904 | €9,762 | -€2,915 | -€12,677 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,762 | -€2,915 | -€12,677 |
Source: filed annual accounts (NBB), fiscal years ended 28 February 2023 and 29 February 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.