INFOTRACE: 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.
INFOTRACE
Largest movements
- Cash +€23,237
up €23,237 (+6.2%), from €376,003 to €399,241
mainly Net result for the year (+€25,177) and Receivables within one year (+€17,188)
- Receivables within one year -€17,188
down €17,188 (-27.4%), from €62,642 to €45,453
of which Other amounts receivable: -€18,175
- Reserves +€25,177
up €25,177 (+6.3%), from €401,925 to €427,102
- Tax, wage and social debts -€18,495
down €18,495 (-63.8%), from €29,001 to €10,506
- Gross operating margin -€277,309
down €277,309 (-88.2%), from €314,578 to €37,270
- Taxes -€85,985
down €85,985 (-89.1%), from €96,459 to €10,474
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 | €439,219 | €447,181 | +€7,962 | +1.8% |
| Fixed assets | 21/28 | €0 | €1,705 | +€1,705 | |
| Tangible fixed assets | 22/27 | €0 | €1,705 | +€1,705 | |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | - | €1,705 | +€1,705 | |
| Current assets | 29/58 | €439,219 | €445,476 | +€6,257 | +1.4% |
| Amounts receivable within one year | 40/41 | €62,642 | €45,453 | -€17,188 | -27.4% |
| Trade receivables | 40 | €37,423 | €38,410 | +€987 | +2.6% |
| Other amounts receivable | 41 | €25,218 | €7,043 | -€18,175 | -72.1% |
| Cash at bank and in hand | 54/58 | €376,003 | €399,241 | +€23,237 | +6.2% |
| Deferred charges and accrued income | 490/1 | €574 | €782 | +€208 | +36.2% |
| Total equity and liabilities | 10/49 | €439,219 | €447,181 | +€7,962 | +1.8% |
| Equity | 10/15 | €408,122 | €433,299 | +€25,177 | +6.2% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €401,925 | €427,102 | +€25,177 | +6.3% |
| Distributable reserves | 133 | €401,925 | €427,102 | +€25,177 | +6.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €31,097 | €13,882 | -€17,214 | -55.4% |
| Amounts payable within one year | 42/48 | €31,097 | €13,882 | -€17,214 | -55.4% |
| Trade debts | 44 | €2,023 | €1,244 | -€780 | -38.5% |
| Suppliers | 440/4 | €2,023 | €1,244 | -€780 | -38.5% |
| Taxes, remuneration and social security | 45 | €29,001 | €10,506 | -€18,495 | -63.8% |
| Taxes | 450/3 | €29,001 | €10,506 | -€18,495 | -63.8% |
| Other amounts payable | 47/48 | €72 | €2,133 | +€2,061 | +2847.6% |
| Non-recurring operating income | 76A | €285,632 | €0 | -€285,632 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €236 | +€236 | |
| Other operating charges | 640/8 | €796 | €707 | -€89 | -11.1% |
| Gross operating margin | 9900 | €314,578 | €37,270 | -€277,309 | -88.2% |
| Operating profit (loss) | 9901 | €313,783 | €36,327 | -€277,456 | -88.4% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €553 | €675 | +€123 | +22.2% |
| Recurring financial charges | 65 | €553 | €675 | +€123 | +22.2% |
| Profit (loss) for the period before taxes | 9903 | €313,230 | €35,651 | -€277,579 | -88.6% |
| Income taxes | 67/77 | €96,459 | €10,474 | -€85,985 | -89.1% |
| Profit (loss) for the period | 9904 | €216,771 | €25,177 | -€191,594 | -88.4% |
| Profit (loss) for the period to be appropriated | 9905 | €216,771 | €25,177 | -€191,594 | -88.4% |
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 5 October 2026 via checked.be.