INTER-TRACK: 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.
INTER-TRACK
Largest movements
- Tangible fixed assets +€22,736
up €22,736 (+32.5%), from €69,879 to €92,615
of which Furniture and vehicles: +€30,045
- Deferred charges and accrued income +€18,463
up €18,463 (+1281.1%), from €1,441 to €19,904
- Cash +€13,011
up €13,011 (+42.1%), from €30,888 to €43,899
mainly Depreciation (+€30,288) and Trade debts (+€15,819)
- Trade debts +€15,819
up €15,819 (+3857.4%), from €410 to €16,229
- Reserves +€14,452
up €14,452 (+12.3%), from €117,916 to €132,367
- Tax, wage and social debts +€7,166
up €7,166 (+49.8%), from €14,403 to €21,569
- Current portion of long-term debt +€6,039
up €6,039 (+56.9%), from €10,608 to €16,647
- Debts after one year +€5,864
up €5,864 (+61.9%), from €9,477 to €15,341
- Gross operating margin -€39,866
down €39,866 (-42.2%), from €94,576 to €54,709
- Taxes -€8,268
down €8,268 (-57.0%), from €14,507 to €6,239
- Depreciation -€4,681
down €4,681 (-13.4%), from €34,968 to €30,288
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 | €191,961 | €243,861 | +€51,900 | +27.0% |
| Fixed assets | 21/28 | €71,881 | €94,610 | +€22,729 | +31.6% |
| Intangible fixed assets | 21 | €7 | €0 | -€7 | -100.0% |
| Tangible fixed assets | 22/27 | €69,879 | €92,615 | +€22,736 | +32.5% |
| Plant, machinery and equipment | 23 | €50,271 | €42,962 | -€7,309 | -14.5% |
| Furniture and vehicles | 24 | €19,608 | €49,653 | +€30,045 | +153.2% |
| Financial fixed assets | 28 | €1,995 | €1,995 | = | 0.0% |
| Current assets | 29/58 | €120,079 | €149,250 | +€29,171 | +24.3% |
| Amounts receivable within one year | 40/41 | €87,750 | €85,447 | -€2,303 | -2.6% |
| Trade receivables | 40 | €64,618 | €55,362 | -€9,256 | -14.3% |
| Other amounts receivable | 41 | €23,132 | €30,085 | +€6,953 | +30.1% |
| Cash at bank and in hand | 54/58 | €30,888 | €43,899 | +€13,011 | +42.1% |
| Deferred charges and accrued income | 490/1 | €1,441 | €19,904 | +€18,463 | +1281.1% |
| Total equity and liabilities | 10/49 | €191,961 | €243,861 | +€51,900 | +27.0% |
| Equity | 10/15 | €152,916 | €167,367 | +€14,452 | +9.5% |
| Contributions | 10/11 | €35,000 | €35,000 | = | 0.0% |
| Reserves | 13 | €117,916 | €132,367 | +€14,452 | +12.3% |
| Distributable reserves | 133 | €117,916 | €132,367 | +€14,452 | +12.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €39,045 | €76,493 | +€37,448 | +95.9% |
| Amounts payable after more than one year | 17 | €9,477 | €15,341 | +€5,864 | +61.9% |
| Financial debts | 170/4 | €9,477 | €15,341 | +€5,864 | +61.9% |
| Amounts payable within one year | 42/48 | €29,439 | €61,008 | +€31,569 | +107.2% |
| Current portion of amounts payable after more than one year | 42 | €10,608 | €16,647 | +€6,039 | +56.9% |
| Trade debts | 44 | €410 | €16,229 | +€15,819 | +3857.4% |
| Suppliers | 440/4 | €410 | €16,229 | +€15,819 | +3857.4% |
| Taxes, remuneration and social security | 45 | €14,403 | €21,569 | +€7,166 | +49.8% |
| Taxes | 450/3 | €14,403 | €21,569 | +€7,166 | +49.8% |
| Other amounts payable | 47/48 | €4,018 | €6,564 | +€2,545 | +63.3% |
| Accrued charges and deferred income | 492/3 | €129 | €144 | +€15 | +12.0% |
| Non-recurring operating income | 76A | - | €46,342 | +€46,342 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,968 | €30,288 | -€4,681 | -13.4% |
| Other operating charges | 640/8 | €2,281 | €2,242 | -€40 | -1.7% |
| Non-recurring operating charges | 66A | €120 | €0 | -€120 | -100.0% |
| Gross operating margin | 9900 | €94,576 | €54,709 | -€39,866 | -42.2% |
| Operating profit (loss) | 9901 | €57,207 | €22,180 | -€35,027 | -61.2% |
| Financial income | 75/76B | €503 | €565 | +€62 | +12.3% |
| Recurring financial income | 75 | €503 | €565 | +€62 | +12.3% |
| Financial charges | 65/66B | €1,289 | €2,054 | +€765 | +59.4% |
| Recurring financial charges | 65 | €1,289 | €2,054 | +€765 | +59.4% |
| Profit (loss) for the period before taxes | 9903 | €56,421 | €20,690 | -€35,730 | -63.3% |
| Income taxes | 67/77 | €14,507 | €6,239 | -€8,268 | -57.0% |
| Profit (loss) for the period | 9904 | €41,914 | €14,452 | -€27,462 | -65.5% |
| Profit (loss) for the period to be appropriated | 9905 | €41,914 | €14,452 | -€27,462 | -65.5% |
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.