I-TRAX: 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.
I-TRAX
Largest movements
- Receivables within one year +€93,510
up €93,510 (+718%), from €13,016 to €106,527
of which Trade receivables: +€90,015
- Cash -€47,135
down €47,135 (-87.5%), from €53,865 to €6,730
- Tangible fixed assets -€27,865
no longer reported in 2025 (was €27,865)
of which Furniture and vehicles: -€15,466
- Profit (loss) carried forward +€18,510
up €18,510 (+20.8%), from €89,146 to €107,657
- Turnover -€268,196
no longer reported in 2025 (was €268,196)
- Purchases and services -€132,290
no longer reported in 2025 (was €132,290)
- Gross operating margin -€89,951
down €89,951 (-66.2%), from €135,906 to €45,955
- Staff costs -€84,694
down €84,694 (-98.4%), from €86,029 to €1,335
- Depreciation +€32,152
new in 2025: €32,152
From the 2022 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2022 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €96,121 | €114,632 | +€18,510 | +19.3% |
| Fixed assets | 21/28 | €29,240 | €1,375 | -€27,865 | -95.3% |
| Tangible fixed assets | 22/27 | €27,865 | - | -€27,865 | |
| Plant, machinery and equipment | 23 | €12,399 | - | -€12,399 | |
| Furniture and vehicles | 24 | €15,466 | - | -€15,466 | |
| Financial fixed assets | 28 | €1,375 | €1,375 | = | 0.0% |
| Current assets | 29/58 | €66,881 | €113,257 | +€46,376 | +69.3% |
| Amounts receivable within one year | 40/41 | €13,016 | €106,527 | +€93,510 | +718% |
| Trade receivables | 40 | - | €90,015 | +€90,015 | |
| Other amounts receivable | 41 | €13,016 | €16,512 | +€3,496 | +26.9% |
| Cash at bank and in hand | 54/58 | €53,865 | €6,730 | -€47,135 | -87.5% |
| Total equity and liabilities | 10/49 | €96,121 | €114,632 | +€18,510 | +19.3% |
| Equity | 10/15 | €96,121 | €114,632 | +€18,510 | +19.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €775 | €775 | = | 0.0% |
| Non-distributable reserves | 130/1 | €775 | €775 | = | 0.0% |
| Legal reserve | 130 | €775 | €775 | = | 0.0% |
| Profit (loss) carried forward | 14 | €89,146 | €107,657 | +€18,510 | +20.8% |
| Turnover | 70 | €268,196 | - | -€268,196 | |
| Goods, raw materials, services and sundry goods | 60/61 | €132,290 | - | -€132,290 | |
| Remuneration, social security and pensions | 62 | €86,029 | €1,335 | -€84,694 | -98.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €32,152 | +€32,152 | |
| Other operating charges | 640/8 | €2,855 | €859 | -€1,996 | -69.9% |
| Gross operating margin | 9900 | €135,906 | €45,955 | -€89,951 | -66.2% |
| Operating profit (loss) | 9901 | €47,022 | €11,609 | -€35,413 | -75.3% |
| Financial charges | 65/66B | €87 | €572 | +€484 | +554% |
| Recurring financial charges | 65 | €87 | €572 | +€484 | +554% |
| Profit (loss) for the period before taxes | 9903 | €46,935 | €11,038 | -€35,897 | -76.5% |
| Income taxes | 67/77 | €7,275 | - | -€7,275 | |
| Profit (loss) for the period | 9904 | €39,659 | €11,038 | -€28,622 | -72.2% |
| Profit (loss) for the period to be appropriated | 9905 | €39,659 | €11,038 | -€28,622 | -72.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.