FINTRAX: 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.
FINTRAX
Largest movements
- Cash +€174,679
up €174,679 (+127.8%), from €136,701 to €311,380
mainly Net result for the year (+€232,091) and Depreciation (+€126,966)
- Receivables within one year +€142,754
up €142,754 (+43.5%), from €327,820 to €470,574
of which Other amounts receivable: +€93,217
- Intangible fixed assets -€20,124
down €20,124 (-5.7%), from €354,884 to €334,760
- Reserves +€222,903
up €222,903 (+36.1%), from €617,240 to €840,144
- Trade debts +€61,039
up €61,039 (+96.1%), from €63,504 to €124,543
- Tax, wage and social debts +€40,922
up €40,922 (+74.1%), from €55,240 to €96,163
of which Taxes: +€22,658
- Current portion of long-term debt -€33,750
no longer reported in 2025 (was €33,750)
- Other debts +€24,767
up €24,767 (+87.9%), from €28,182 to €52,948
- Staff costs +€154,047
up €154,047 (+55.4%), from €278,225 to €432,272
- Gross operating margin +€71,215
up €71,215 (+9.7%), from €736,585 to €807,800
- Depreciation +€48,323
up €48,323 (+61.4%), from €78,643 to €126,966
- Taxes +€40,567
up €40,567, from -€32,841 to €7,727
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 | €864,504 | €1,173,385 | +€308,881 | +35.7% |
| Fixed assets | 21/28 | €397,403 | €378,610 | -€18,793 | -4.7% |
| Intangible fixed assets | 21 | €354,884 | €334,760 | -€20,124 | -5.7% |
| Tangible fixed assets | 22/27 | €42,519 | €43,851 | +€1,331 | +3.1% |
| Furniture and vehicles | 24 | €34,274 | €33,185 | -€1,089 | -3.2% |
| Other tangible fixed assets | 26 | €8,245 | €10,665 | +€2,420 | +29.4% |
| Current assets | 29/58 | €467,101 | €794,775 | +€327,674 | +70.2% |
| Amounts receivable within one year | 40/41 | €327,820 | €470,574 | +€142,754 | +43.5% |
| Trade receivables | 40 | €237,689 | €287,226 | +€49,537 | +20.8% |
| Other amounts receivable | 41 | €90,131 | €183,348 | +€93,217 | +103.4% |
| Cash at bank and in hand | 54/58 | €136,701 | €311,380 | +€174,679 | +127.8% |
| Deferred charges and accrued income | 490/1 | €2,580 | €12,821 | +€10,241 | +397.0% |
| Total equity and liabilities | 10/49 | €864,504 | €1,173,385 | +€308,881 | +35.7% |
| Equity | 10/15 | €620,240 | €843,144 | +€222,903 | +35.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €617,240 | €840,144 | +€222,903 | +36.1% |
| Distributable reserves | 133 | €617,240 | €840,144 | +€222,903 | +36.1% |
| Amounts payable | 17/49 | €244,264 | €330,241 | +€85,978 | +35.2% |
| Amounts payable after more than one year | 17 | €30,000 | €20,000 | -€10,000 | -33.3% |
| Financial debts | 170/4 | €30,000 | €20,000 | -€10,000 | -33.3% |
| Amounts payable within one year | 42/48 | €198,165 | €304,741 | +€106,576 | +53.8% |
| Current portion of amounts payable after more than one year | 42 | €33,750 | - | -€33,750 | |
| Financial debts | 43 | €17,489 | €31,087 | +€13,598 | +77.8% |
| Credit institutions | 430/8 | €17,489 | €31,087 | +€13,598 | +77.8% |
| Trade debts | 44 | €63,504 | €124,543 | +€61,039 | +96.1% |
| Suppliers | 440/4 | €63,504 | €124,543 | +€61,039 | +96.1% |
| Taxes, remuneration and social security | 45 | €55,240 | €96,163 | +€40,922 | +74.1% |
| Taxes | 450/3 | €25,197 | €47,855 | +€22,658 | +89.9% |
| Remuneration and social security | 454/9 | €30,043 | €48,308 | +€18,265 | +60.8% |
| Other amounts payable | 47/48 | €28,182 | €52,948 | +€24,767 | +87.9% |
| Accrued charges and deferred income | 492/3 | €16,099 | €5,500 | -€10,599 | -65.8% |
| Remuneration, social security and pensions | 62 | €278,225 | €432,272 | +€154,047 | +55.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,643 | €126,966 | +€48,323 | +61.4% |
| Other operating charges | 640/8 | €948 | €1,464 | +€517 | +54.5% |
| Gross operating margin | 9900 | €736,585 | €807,800 | +€71,215 | +9.7% |
| Operating profit (loss) | 9901 | €378,769 | €247,097 | -€131,672 | -34.8% |
| Financial income | 75/76B | €2,258 | €3,104 | +€846 | +37.5% |
| Recurring financial income | 75 | €2,258 | €3,104 | +€846 | +37.5% |
| Financial charges | 65/66B | €9,098 | €10,384 | +€1,286 | +14.1% |
| Recurring financial charges | 65 | €9,098 | €10,384 | +€1,286 | +14.1% |
| Profit (loss) for the period before taxes | 9903 | €371,930 | €239,817 | -€132,112 | -35.5% |
| Income taxes | 67/77 | -€32,841 | €7,727 | +€40,567 | |
| Profit (loss) for the period | 9904 | €404,770 | €232,091 | -€172,679 | -42.7% |
| Profit (loss) for the period to be appropriated | 9905 | €404,770 | €232,091 | -€172,679 | -42.7% |
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 3 October 2026 via checked.be.