On-Track: 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.
On-Track
Largest movements
- Receivables within one year +€264,892
up €264,892 (+185%), from €143,500 to €408,392
of which Trade receivables: +€257,110
- Tangible fixed assets +€14,023
up €14,023 (+164%), from €8,561 to €22,584
of which Furniture and vehicles: +€16,386
- Accrued charges and deferred income +€248,635
up €248,635 (+1,839,016%), from €14 to €248,649
- Trade debts +€33,011
up €33,011 (+7.5%), from €441,336 to €474,347
- Gross operating margin -€162,558
down €162,558 (-53.7%), from €302,937 to €140,379
- Taxes -€34,634
down €34,634 (-88.3%), from €39,209 to €4,576
- Depreciation +€4,601
up €4,601 (+424%), from €1,086 to €5,687
- Staff costs -€4,596
down €4,596 (-3.8%), from €121,741 to €117,145
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.
Derived cash bridge
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 | €826,258 | €1,116,858 | +€290,600 | +35.2% |
| Fixed assets | 21/28 | €11,796 | €25,818 | +€14,023 | +119% |
| Tangible fixed assets | 22/27 | €8,561 | €22,584 | +€14,023 | +164% |
| Plant, machinery and equipment | 23 | €8,561 | €6,198 | -€2,363 | -27.6% |
| Furniture and vehicles | 24 | - | €16,386 | +€16,386 | |
| Financial fixed assets | 28 | €3,234 | €3,234 | = | 0.0% |
| Current assets | 29/58 | €814,463 | €1,091,040 | +€276,577 | +34.0% |
| Amounts receivable within one year | 40/41 | €143,500 | €408,392 | +€264,892 | +185% |
| Trade receivables | 40 | €80,195 | €337,305 | +€257,110 | +321% |
| Other amounts receivable | 41 | €63,306 | €71,087 | +€7,781 | +12.3% |
| Cash at bank and in hand | 54/58 | €662,460 | €671,693 | +€9,233 | +1.4% |
| Deferred charges and accrued income | 490/1 | €8,502 | €10,955 | +€2,452 | +28.8% |
| Total equity and liabilities | 10/49 | €826,258 | €1,116,858 | +€290,600 | +35.2% |
| Equity | 10/15 | €339,524 | €337,124 | -€2,401 | -0.7% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Reserves | 13 | €332,024 | €329,624 | -€2,401 | -0.7% |
| Distributable reserves | 133 | €332,024 | €329,624 | -€2,401 | -0.7% |
| Amounts payable | 17/49 | €486,734 | €779,734 | +€293,000 | +60.2% |
| Amounts payable within one year | 42/48 | €486,720 | €531,086 | +€44,365 | +9.1% |
| Trade debts | 44 | €441,336 | €474,347 | +€33,011 | +7.5% |
| Suppliers | 440/4 | €441,336 | €474,347 | +€33,011 | +7.5% |
| Taxes, remuneration and social security | 45 | €45,163 | €48,607 | +€3,444 | +7.6% |
| Taxes | 450/3 | €38,704 | €43,594 | +€4,889 | +12.6% |
| Remuneration and social security | 454/9 | €6,459 | €5,013 | -€1,445 | -22.4% |
| Other amounts payable | 47/48 | €221 | €8,131 | +€7,910 | +3,574% |
| Accrued charges and deferred income | 492/3 | €14 | €248,649 | +€248,635 | +1,839,016% |
| Remuneration, social security and pensions | 62 | €121,741 | €117,145 | -€4,596 | -3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,086 | €5,687 | +€4,601 | +424% |
| Other operating charges | 640/8 | €3,587 | €788 | -€2,799 | -78.0% |
| Gross operating margin | 9900 | €302,937 | €140,379 | -€162,558 | -53.7% |
| Operating profit (loss) | 9901 | €176,523 | €16,759 | -€159,764 | -90.5% |
| Financial income | 75/76B | €1,718 | €6 | -€1,712 | -99.6% |
| Recurring financial income | 75 | €1,718 | €6 | -€1,712 | -99.6% |
| Financial charges | 65/66B | €4,353 | €3,063 | -€1,290 | -29.6% |
| Recurring financial charges | 65 | €4,353 | €3,063 | -€1,290 | -29.6% |
| Profit (loss) for the period before taxes | 9903 | €173,888 | €13,702 | -€160,186 | -92.1% |
| Income taxes | 67/77 | €39,209 | €4,576 | -€34,634 | -88.3% |
| Profit (loss) for the period | 9904 | €134,679 | €9,127 | -€125,552 | -93.2% |
| Profit (loss) for the period to be appropriated | 9905 | €134,679 | €9,127 | -€125,552 | -93.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.