BackTrail: 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.
BackTrail
Largest movements
- Receivables within one year -€73,574
down €73,574 (-43.9%), from €167,561 to €93,986
of which Trade receivables: -€72,780
- Tangible fixed assets -€27,677
down €27,677 (-43.9%), from €63,039 to €35,362
of which Furniture and vehicles: -€15,900
- Intangible fixed assets -€24,988
down €24,988 (-14.2%), from €176,207 to €151,219
- Cash +€9,807
up €9,807 (+55.9%), from €17,533 to €27,340
mainly Receivables within one year (+€73,574) and Depreciation (+€50,144)
- Accrued charges and deferred income -€39,582
down €39,582 (-100.0%), from €39,582 to €0
- Other debts -€38,782
down €38,782 (-56.7%), from €68,439 to €29,658
- Debts after one year -€27,527
down €27,527 (-83.9%), from €32,816 to €5,288
- Profit (loss) carried forward +€16,594
up €16,594 (+11.2%), from -€147,879 to -€131,285
- Tax, wage and social debts -€14,221
down €14,221 (-60.4%), from €23,551 to €9,330
of which Taxes: -€19,192
- Gross operating margin +€59,149
up €59,149 (+380.6%), from €15,543 to €74,691
- Staff costs -€27,283
down €27,283 (-94.9%), from €28,739 to €1,456
- Depreciation -€9,080
down €9,080 (-15.3%), from €59,224 to €50,144
- Financial charges -€3,428
down €3,428 (-55.0%), from €6,235 to €2,806
- Other operating charges +€2,253
up €2,253 (+115.1%), from €1,957 to €4,210
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 | €429,706 | €311,116 | -€118,590 | -27.6% |
| Fixed assets | 21/28 | €239,246 | €186,581 | -€52,665 | -22.0% |
| Intangible fixed assets | 21 | €176,207 | €151,219 | -€24,988 | -14.2% |
| Tangible fixed assets | 22/27 | €63,039 | €35,362 | -€27,677 | -43.9% |
| Plant, machinery and equipment | 23 | €16,184 | €10,372 | -€5,812 | -35.9% |
| Furniture and vehicles | 24 | €33,078 | €17,178 | -€15,900 | -48.1% |
| Leasing and similar rights | 25 | €13,777 | €7,812 | -€5,965 | -43.3% |
| Current assets | 29/58 | €190,460 | €124,535 | -€65,925 | -34.6% |
| Amounts receivable within one year | 40/41 | €167,561 | €93,986 | -€73,574 | -43.9% |
| Trade receivables | 40 | €135,954 | €63,174 | -€72,780 | -53.5% |
| Other amounts receivable | 41 | €31,606 | €30,812 | -€794 | -2.5% |
| Cash at bank and in hand | 54/58 | €17,533 | €27,340 | +€9,807 | +55.9% |
| Deferred charges and accrued income | 490/1 | €5,366 | €3,209 | -€2,157 | -40.2% |
| Total equity and liabilities | 10/49 | €429,706 | €311,116 | -€118,590 | -27.6% |
| Equity | 10/15 | €212,121 | €228,715 | +€16,594 | +7.8% |
| Contributions | 10/11 | €360,000 | €360,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€147,879 | -€131,285 | +€16,594 | +11.2% |
| Amounts payable | 17/49 | €217,585 | €82,401 | -€135,183 | -62.1% |
| Amounts payable after more than one year | 17 | €32,816 | €5,288 | -€27,527 | -83.9% |
| Financial debts | 170/4 | €32,816 | €5,288 | -€27,527 | -83.9% |
| Amounts payable within one year | 42/48 | €145,187 | €77,113 | -€68,074 | -46.9% |
| Current portion of amounts payable after more than one year | 42 | €32,747 | €27,527 | -€5,219 | -15.9% |
| Trade debts | 44 | €20,450 | €10,598 | -€9,852 | -48.2% |
| Suppliers | 440/4 | €20,450 | €10,598 | -€9,852 | -48.2% |
| Taxes, remuneration and social security | 45 | €23,551 | €9,330 | -€14,221 | -60.4% |
| Taxes | 450/3 | €21,027 | €1,836 | -€19,192 | -91.3% |
| Remuneration and social security | 454/9 | €2,524 | €7,495 | +€4,970 | +196.9% |
| Other amounts payable | 47/48 | €68,439 | €29,658 | -€38,782 | -56.7% |
| Accrued charges and deferred income | 492/3 | €39,582 | €0 | -€39,582 | -100.0% |
| Non-recurring operating income | 76A | €64,517 | €785 | -€63,733 | -98.8% |
| Remuneration, social security and pensions | 62 | €28,739 | €1,456 | -€27,283 | -94.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,224 | €50,144 | -€9,080 | -15.3% |
| Other operating charges | 640/8 | €1,957 | €4,210 | +€2,253 | +115.1% |
| Non-recurring operating charges | 66A | €1,569 | €0 | -€1,569 | -100.0% |
| Gross operating margin | 9900 | €15,543 | €74,691 | +€59,149 | +380.6% |
| Operating profit (loss) | 9901 | -€75,946 | €18,881 | +€94,828 | |
| Financial income | 75/76B | €634 | €519 | -€115 | -18.1% |
| Recurring financial income | 75 | €634 | €519 | -€115 | -18.1% |
| Financial charges | 65/66B | €6,235 | €2,806 | -€3,428 | -55.0% |
| Recurring financial charges | 65 | €6,235 | €2,806 | -€3,428 | -55.0% |
| Profit (loss) for the period before taxes | 9903 | -€81,547 | €16,594 | +€98,141 | |
| Profit (loss) for the period | 9904 | -€81,547 | €16,594 | +€98,141 | |
| Profit (loss) for the period to be appropriated | 9905 | -€81,547 | €16,594 | +€98,141 |
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 29 September 2026 via checked.be.