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.
ALL-TRASCO
Largest movements
- Receivables within one year +€9,090
up €9,090 (+466.3%), from €1,949 to €11,039
of which Trade receivables: +€9,815
- Cash -€7,698
down €7,698 (-65.5%), from €11,747 to €4,049
mainly Receivables within one year (-€9,090) and Trade debts (-€4,233)
- Stocks and contracts -€3,834
no longer reported in 2025 (was €3,834)
- Deferred charges and accrued income -€878
down €878 (-26.8%), from €3,275 to €2,397
- Tangible fixed assets -€569
down €569 (-33.3%), from €1,708 to €1,139
- Trade debts -€4,233
down €4,233 (-74.6%), from €5,678 to €1,444
- Other debts +€3,005
up €3,005 (+7.6%), from €39,294 to €42,299
- Profit (loss) carried forward -€2,960
down €2,960 (-5.6%), from -€53,165 to -€56,125
- Tax, wage and social debts +€307
new in 2025: €307
- Staff costs -€1,730
no longer reported in 2025 (was €1,730)
- Write-downs -€940
no longer reported in 2025 (was €940)
- Gross operating margin +€770
up €770 (+75.8%), from -€1,016 to -€246
- Other operating charges -€558
down €558 (-36.2%), from €1,543 to €985
- Financial charges -€216
down €216 (-15.5%), from €1,395 to €1,179
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.
Cash bridge derived
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 | €22,703 | €18,814 | -€3,889 | -17.1% |
| Fixed assets | 21/28 | €1,898 | €1,329 | -€569 | -30.0% |
| Tangible fixed assets | 22/27 | €1,708 | €1,139 | -€569 | -33.3% |
| Other tangible fixed assets | 26 | €1,708 | €1,139 | -€569 | -33.3% |
| Financial fixed assets | 28 | €190 | €190 | = | 0.0% |
| Current assets | 29/58 | €20,805 | €17,485 | -€3,320 | -16.0% |
| Stocks and contracts in progress | 3 | €3,834 | - | -€3,834 | |
| Stocks | 30/36 | €3,834 | - | -€3,834 | |
| Amounts receivable within one year | 40/41 | €1,949 | €11,039 | +€9,090 | +466.3% |
| Trade receivables | 40 | €1,216 | €11,030 | +€9,815 | +807.4% |
| Other amounts receivable | 41 | €734 | €8 | -€725 | -98.9% |
| Cash at bank and in hand | 54/58 | €11,747 | €4,049 | -€7,698 | -65.5% |
| Deferred charges and accrued income | 490/1 | €3,275 | €2,397 | -€878 | -26.8% |
| Total equity and liabilities | 10/49 | €22,703 | €18,814 | -€3,889 | -17.1% |
| Equity | 10/15 | -€22,705 | -€25,665 | -€2,960 | -13.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €11,860 | €11,860 | = | 0.0% |
| Distributable reserves | 133 | €11,860 | €11,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€53,165 | -€56,125 | -€2,960 | -5.6% |
| Amounts payable | 17/49 | €45,408 | €44,479 | -€929 | -2.0% |
| Amounts payable within one year | 42/48 | €45,161 | €44,146 | -€1,015 | -2.2% |
| Financial debts | 43 | €189 | €95 | -€93 | -49.5% |
| Credit institutions | 430/8 | €189 | €95 | -€93 | -49.5% |
| Trade debts | 44 | €5,678 | €1,444 | -€4,233 | -74.6% |
| Suppliers | 440/4 | €5,678 | €1,444 | -€4,233 | -74.6% |
| Taxes, remuneration and social security | 45 | - | €307 | +€307 | |
| Taxes | 450/3 | - | €307 | +€307 | |
| Other amounts payable | 47/48 | €39,294 | €42,299 | +€3,005 | +7.6% |
| Accrued charges and deferred income | 492/3 | €247 | €333 | +€86 | +34.6% |
| Non-recurring operating income | 76A | - | €14 | +€14 | |
| Remuneration, social security and pensions | 62 | €1,730 | - | -€1,730 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €569 | €569 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €940 | - | -€940 | |
| Other operating charges | 640/8 | €1,543 | €985 | -€558 | -36.2% |
| Gross operating margin | 9900 | -€1,016 | -€246 | +€770 | +75.8% |
| Operating profit (loss) | 9901 | -€5,798 | -€1,801 | +€3,997 | +68.9% |
| Financial income | 75/76B | €68 | €20 | -€48 | -70.8% |
| Recurring financial income | 75 | €68 | €20 | -€48 | -70.8% |
| Financial charges | 65/66B | €1,395 | €1,179 | -€216 | -15.5% |
| Recurring financial charges | 65 | €1,395 | €1,179 | -€216 | -15.5% |
| Profit (loss) for the period before taxes | 9903 | -€7,125 | -€2,960 | +€4,164 | +58.5% |
| Profit (loss) for the period | 9904 | -€7,125 | -€2,960 | +€4,164 | +58.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,125 | -€2,960 | +€4,164 | +58.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 September 2026 via checked.be.