OnTracx: 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.
OnTracx
Largest movements
- Cash +€197,653
up €197,653 (+104%), from €189,246 to €386,899
mainly Debts after one year (+€493,056) and Depreciation (+€53,479)
- Intangible fixed assets +€139,521
up €139,521 (+84.2%), from €165,657 to €305,178
- Debts after one year +€493,056
up €493,056 (+207%), from €237,750 to €730,806
- Profit (loss) carried forward -€149,772
down €149,772 (-141%), from -€106,442 to -€256,214
- Trade debts -€36,856
down €36,856 (-55.1%), from €66,933 to €30,077
- Tax, wage and social debts +€24,875
up €24,875 (+434%), from €5,732 to €30,607
of which Remuneration and social security: +€20,624
- Current portion of long-term debt +€16,944
new in 2025: €16,944
- Staff costs +€87,207
up €87,207 (+565%), from €15,434 to €102,641
- Gross operating margin +€80,544
up €80,544, from -€65,315 to €15,229
- Depreciation +€30,398
up €30,398 (+132%), from €23,081 to €53,479
- Financial charges +€6,827
up €6,827 (+350%), from €1,952 to €8,779
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 | €375,675 | €723,014 | +€347,339 | +92.5% |
| Formation expenses | 20 | €3,388 | €2,548 | -€840 | -24.8% |
| Fixed assets | 21/28 | €167,835 | €314,925 | +€147,090 | +87.6% |
| Intangible fixed assets | 21 | €165,657 | €305,178 | +€139,521 | +84.2% |
| Tangible fixed assets | 22/27 | €2,178 | €6,222 | +€4,044 | +186% |
| Furniture and vehicles | 24 | €2,178 | €6,222 | +€4,044 | +186% |
| Financial fixed assets | 28 | - | €3,525 | +€3,525 | |
| Current assets | 29/58 | €204,452 | €405,541 | +€201,089 | +98.4% |
| Amounts receivable within one year | 40/41 | €13,593 | €13,912 | +€320 | +2.4% |
| Trade receivables | 40 | €159 | €8,848 | +€8,689 | +5,458% |
| Other amounts receivable | 41 | €13,434 | €5,064 | -€8,370 | -62.3% |
| Cash at bank and in hand | 54/58 | €189,246 | €386,899 | +€197,653 | +104% |
| Deferred charges and accrued income | 490/1 | €1,614 | €4,730 | +€3,116 | +193% |
| Total equity and liabilities | 10/49 | €375,675 | €723,014 | +€347,339 | +92.5% |
| Equity | 10/15 | €63,558 | -€86,214 | -€149,772 | |
| Contributions | 10/11 | €170,000 | €170,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€106,442 | -€256,214 | -€149,772 | -141% |
| Amounts payable | 17/49 | €312,117 | €809,228 | +€497,111 | +159% |
| Amounts payable after more than one year | 17 | €237,750 | €730,806 | +€493,056 | +207% |
| Financial debts | 170/4 | €237,750 | €730,806 | +€493,056 | +207% |
| Amounts payable within one year | 42/48 | €74,367 | €78,422 | +€4,055 | +5.5% |
| Current portion of amounts payable after more than one year | 42 | - | €16,944 | +€16,944 | |
| Financial debts | 43 | - | €42 | +€42 | |
| Credit institutions | 430/8 | - | €42 | +€42 | |
| Trade debts | 44 | €66,933 | €30,077 | -€36,856 | -55.1% |
| Suppliers | 440/4 | €66,933 | €30,077 | -€36,856 | -55.1% |
| Taxes, remuneration and social security | 45 | €5,732 | €30,607 | +€24,875 | +434% |
| Taxes | 450/3 | €408 | €4,658 | +€4,251 | +1,042% |
| Remuneration and social security | 454/9 | €5,325 | €25,949 | +€20,624 | +387% |
| Other amounts payable | 47/48 | €1,702 | €752 | -€950 | -55.8% |
| Remuneration, social security and pensions | 62 | €15,434 | €102,641 | +€87,207 | +565% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,081 | €53,479 | +€30,398 | +132% |
| Other operating charges | 640/8 | €660 | €144 | -€516 | -78.2% |
| Gross operating margin | 9900 | -€65,315 | €15,229 | +€80,544 | |
| Operating profit (loss) | 9901 | -€104,490 | -€141,035 | -€36,545 | -35.0% |
| Financial income | 75/76B | €0 | €42 | +€42 | +9,971% |
| Recurring financial income | 75 | €0 | €42 | +€42 | +9,971% |
| Financial charges | 65/66B | €1,952 | €8,779 | +€6,827 | +350% |
| Recurring financial charges | 65 | €1,952 | €8,779 | +€6,827 | +350% |
| Profit (loss) for the period before taxes | 9903 | -€106,442 | -€149,772 | -€43,330 | -40.7% |
| Profit (loss) for the period | 9904 | -€106,442 | -€149,772 | -€43,330 | -40.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€106,442 | -€149,772 | -€43,330 | -40.7% |
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 24 October 2026 via checked.be.