Tr@ce: what changed
Tr@ce
Largest movements
- Stocks and contracts -€337,045
down €337,045 (-89.9%), from €374,815 to €37,769
- Cash +€23,284
up €23,284 (+17.1%), from €136,368 to €159,653
mainly Stocks and contracts (+€337,045) and Net result for the year (+€128,348)
- Receivables within one year +€12,283
up €12,283 (+38.7%), from €31,753 to €44,036
of which Other amounts receivable: +€20,500
- Tangible fixed assets -€10,102
down €10,102 (-8.8%), from €115,247 to €105,145
of which Land and buildings: -€10,581
- Debts after one year -€213,673
down €213,673 (-74.0%), from €288,845 to €75,172
of which Financial debts: -€214,358
- Other debts -€200,817
down €200,817 (-68.8%), from €291,913 to €91,096
- Profit (loss) carried forward +€72,708
up €72,708, from -€70,508 to €2,200
- Reserves +€57,500
up €57,500, from €0 to €57,500
of which Distributable reserves: +€57,500
- Trade debts -€57,384
down €57,384 (-50.8%), from €112,973 to €55,589
- Gross operating margin +€192,401
up €192,401, from -€18,918 to €173,483
- Financial charges +€25,223
up €25,223 (+974%), from €2,589 to €27,812
- Taxes +€5,899
up €5,899 (+3,718%), from €159 to €6,057
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 | €659,080 | €347,196 | -€311,883 | -47.3% |
| Fixed assets | 21/28 | €115,247 | €105,145 | -€10,102 | -8.8% |
| Tangible fixed assets | 22/27 | €115,247 | €105,145 | -€10,102 | -8.8% |
| Land and buildings | 22 | €114,778 | €104,196 | -€10,581 | -9.2% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €469 | €948 | +€479 | +102% |
| Current assets | 29/58 | €543,833 | €242,052 | -€301,781 | -55.5% |
| Stocks and contracts in progress | 3 | €374,815 | €37,769 | -€337,045 | -89.9% |
| Stocks | 30/36 | €374,815 | €37,769 | -€337,045 | -89.9% |
| Amounts receivable within one year | 40/41 | €31,753 | €44,036 | +€12,283 | +38.7% |
| Trade receivables | 40 | €28,017 | €19,800 | -€8,217 | -29.3% |
| Other amounts receivable | 41 | €3,736 | €24,236 | +€20,500 | +549% |
| Cash at bank and in hand | 54/58 | €136,368 | €159,653 | +€23,284 | +17.1% |
| Deferred charges and accrued income | 490/1 | €897 | €594 | -€303 | -33.8% |
| Total equity and liabilities | 10/49 | €659,080 | €347,196 | -€311,883 | -47.3% |
| Equity | 10/15 | -€50,048 | €78,300 | +€128,348 | |
| Contributions | 10/11 | €20,460 | €18,600 | -€1,860 | -9.1% |
| Reserves | 13 | €0 | €57,500 | +€57,500 | |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | - | €57,500 | +€57,500 | |
| Profit (loss) carried forward | 14 | -€70,508 | €2,200 | +€72,708 | |
| Amounts payable | 17/49 | €709,127 | €268,896 | -€440,231 | -62.1% |
| Amounts payable after more than one year | 17 | €288,845 | €75,172 | -€213,673 | -74.0% |
| Financial debts | 170/4 | €285,148 | €70,789 | -€214,358 | -75.2% |
| Other amounts payable | 178/9 | €3,698 | €4,383 | +€685 | +18.5% |
| Amounts payable within one year | 42/48 | €420,282 | €193,724 | -€226,558 | -53.9% |
| Current portion of amounts payable after more than one year | 42 | €7,421 | €7,516 | +€95 | +1.3% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €112,973 | €55,589 | -€57,384 | -50.8% |
| Suppliers | 440/4 | €112,973 | €55,589 | -€57,384 | -50.8% |
| Advances received on contracts in progress | 46 | €7,189 | €22,218 | +€15,030 | +209% |
| Taxes, remuneration and social security | 45 | €787 | €17,305 | +€16,518 | +2,100% |
| Taxes | 450/3 | €787 | €17,305 | +€16,518 | +2,100% |
| Other amounts payable | 47/48 | €291,913 | €91,096 | -€200,817 | -68.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,887 | €10,874 | -€13 | -0.1% |
| Other operating charges | 640/8 | €461 | €419 | -€42 | -9.1% |
| Gross operating margin | 9900 | -€18,918 | €173,483 | +€192,401 | |
| Operating profit (loss) | 9901 | -€30,266 | €162,191 | +€192,457 | |
| Financial income | 75/76B | €10 | €27 | +€16 | +164% |
| Recurring financial income | 75 | €10 | €27 | +€16 | +164% |
| Financial charges | 65/66B | €2,589 | €27,812 | +€25,223 | +974% |
| Recurring financial charges | 65 | €2,589 | €27,812 | +€25,223 | +974% |
| Profit (loss) for the period before taxes | 9903 | -€32,845 | €134,405 | +€167,250 | |
| Income taxes | 67/77 | €159 | €6,057 | +€5,899 | +3,718% |
| Profit (loss) for the period | 9904 | -€33,003 | €128,348 | +€161,351 | |
| Profit (loss) for the period to be appropriated | 9905 | -€33,003 | €128,348 | +€161,351 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.