La Trace: 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.
La Trace
Largest movements
- Receivables within one year -€46,217
down €46,217 (-40.9%), from €112,985 to €66,768
of which Other amounts receivable: -€46,156
- Cash +€43,042
up €43,042 (+177%), from €24,377 to €67,419
mainly Receivables within one year (+€46,217) and Trade debts (+€19,231)
- Tax, wage and social debts -€20,592
down €20,592 (-38.1%), from €54,064 to €33,472
of which Taxes: -€12,818
- Trade debts +€19,231
up €19,231 (+612%), from €3,142 to €22,373
- Debts after one year -€2,314
no longer reported in 2025 (was €2,314)
- Accrued charges and deferred income -€1,761
down €1,761 (-45.5%), from €3,870 to €2,109
- Staff costs +€55,275
up €55,275 (+10.7%), from €518,520 to €573,795
- Gross operating margin +€45,917
up €45,917 (+8.6%), from €531,850 to €577,767
- Purchases and services +€10,117
up €10,117 (+11.3%), from €89,793 to €99,909
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 | €146,141 | €141,928 | -€4,213 | -2.9% |
| Fixed assets | 21/28 | €200 | €200 | = | 0.0% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €145,941 | €141,728 | -€4,213 | -2.9% |
| Amounts receivable within one year | 40/41 | €112,985 | €66,768 | -€46,217 | -40.9% |
| Trade receivables | 40 | €445 | €384 | -€61 | -13.6% |
| Other amounts receivable | 41 | €112,541 | €66,384 | -€46,156 | -41.0% |
| Cash at bank and in hand | 54/58 | €24,377 | €67,419 | +€43,042 | +177% |
| Deferred charges and accrued income | 490/1 | €8,579 | €7,541 | -€1,038 | -12.1% |
| Total equity and liabilities | 10/49 | €146,141 | €141,928 | -€4,213 | -2.9% |
| Equity | 10/15 | €82,643 | €83,947 | +€1,304 | +1.6% |
| Contributions | 10/11 | €33,288 | €33,288 | = | 0.0% |
| Capital | 10 | €33,288 | €33,288 | = | 0.0% |
| Profit (loss) carried forward | 14 | €49,354 | €50,659 | +€1,304 | +2.6% |
| Amounts payable | 17/49 | €63,498 | €57,981 | -€5,517 | -8.7% |
| Amounts payable after more than one year | 17 | €2,314 | - | -€2,314 | |
| Financial debts | 170/4 | €2,314 | - | -€2,314 | |
| Amounts payable within one year | 42/48 | €57,314 | €55,872 | -€1,442 | -2.5% |
| Current portion of amounts payable after more than one year | 42 | - | €27 | +€27 | |
| Financial debts | 43 | €108 | - | -€108 | |
| Credit institutions | 430/8 | €108 | - | -€108 | |
| Trade debts | 44 | €3,142 | €22,373 | +€19,231 | +612% |
| Suppliers | 440/4 | €3,142 | €22,373 | +€19,231 | +612% |
| Taxes, remuneration and social security | 45 | €54,064 | €33,472 | -€20,592 | -38.1% |
| Taxes | 450/3 | €12,818 | - | -€12,818 | |
| Remuneration and social security | 454/9 | €41,246 | €33,472 | -€7,774 | -18.8% |
| Accrued charges and deferred income | 492/3 | €3,870 | €2,109 | -€1,761 | -45.5% |
| Turnover | 70 | €17,499 | €20,411 | +€2,912 | +16.6% |
| Membership fees, donations, legacies and grants | 73 | €607,399 | €656,038 | +€48,639 | +8.0% |
| Non-recurring operating income | 76A | €914 | €0 | -€914 | -100% |
| Goods, raw materials, services and sundry goods | 60/61 | €89,793 | €99,909 | +€10,117 | +11.3% |
| Remuneration, social security and pensions | 62 | €518,520 | €573,795 | +€55,275 | +10.7% |
| Other operating charges | 640/8 | €289 | €275 | -€13 | -4.6% |
| Non-recurring operating charges | 66A | €10,862 | €2,603 | -€8,259 | -76.0% |
| Gross operating margin | 9900 | €531,850 | €577,767 | +€45,917 | +8.6% |
| Operating profit (loss) | 9901 | €2,179 | €1,093 | -€1,086 | -49.8% |
| Financial income | 75/76B | €197 | €520 | +€323 | +164% |
| Recurring financial income | 75 | €197 | €520 | +€323 | +164% |
| Financial charges | 65/66B | €171 | €153 | -€19 | -10.9% |
| Recurring financial charges | 65 | €171 | €153 | -€19 | -10.9% |
| Profit (loss) for the period before taxes | 9903 | €2,204 | €1,460 | -€744 | -33.8% |
| Income taxes | 67/77 | €59 | €156 | +€97 | +164% |
| Profit (loss) for the period | 9904 | €2,145 | €1,304 | -€841 | -39.2% |
| Profit (loss) for the period to be appropriated | 9905 | €2,145 | €1,304 | -€841 | -39.2% |
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 16 October 2026 via checked.be.