T-RACK: 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.
T-RACK
Largest movements
- Cash +€66,123
up €66,123 (+35.3%), from €187,511 to €253,634
mainly Net result for the year (+€137,560) and Trade debts (+€63,309)
- Receivables within one year +€18,944
up €18,944 (+12.4%), from €152,549 to €171,492
of which Trade receivables: +€19,449
- Reserves +€135,013
up €135,013 (+89.5%), from €150,870 to €285,883
- Debts after one year -€100,000
down €100,000 (-41.7%), from €240,000 to €140,000
- Trade debts +€63,309
up €63,309 (+93.1%), from €68,028 to €131,337
- Tax, wage and social debts -€17,628
down €17,628 (-49.3%), from €35,778 to €18,150
of which Taxes: -€19,359
- Other debts -€6,313
down €6,313 (-27.3%), from €23,159 to €16,845
- Gross operating margin +€68,422
up €68,422 (+35.7%), from €191,410 to €259,832
- Taxes +€30,175
up €30,175 (+182%), from €16,572 to €46,747
- Financial charges +€6,447
up €6,447 (+103%), from €6,281 to €12,728
- Staff costs +€3,765
up €3,765 (+6.1%), from €61,397 to €65,163
- Financial income +€3,480
up €3,480 (+53.4%), from €6,521 to €10,001
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 | €527,466 | €606,184 | +€78,718 | +14.9% |
| Fixed assets | 21/28 | €6,527 | €675 | -€5,852 | -89.7% |
| Tangible fixed assets | 22/27 | €6,527 | €675 | -€5,852 | -89.7% |
| Furniture and vehicles | 24 | €1,900 | €0 | -€1,900 | -100% |
| Other tangible fixed assets | 26 | €4,628 | €675 | -€3,952 | -85.4% |
| Current assets | 29/58 | €520,939 | €605,508 | +€84,570 | +16.2% |
| Stocks and contracts in progress | 3 | €180,027 | €180,165 | +€138 | +0.1% |
| Stocks | 30/36 | €180,027 | €180,165 | +€138 | +0.1% |
| Amounts receivable within one year | 40/41 | €152,549 | €171,492 | +€18,944 | +12.4% |
| Trade receivables | 40 | €144,888 | €164,336 | +€19,449 | +13.4% |
| Other amounts receivable | 41 | €7,661 | €7,156 | -€505 | -6.6% |
| Cash at bank and in hand | 54/58 | €187,511 | €253,634 | +€66,123 | +35.3% |
| Deferred charges and accrued income | 490/1 | €852 | €217 | -€635 | -74.5% |
| Total equity and liabilities | 10/49 | €527,466 | €606,184 | +€78,718 | +14.9% |
| Equity | 10/15 | €155,870 | €290,883 | +€135,013 | +86.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €150,870 | €285,883 | +€135,013 | +89.5% |
| Distributable reserves | 133 | €150,870 | €285,883 | +€135,013 | +89.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €371,596 | €315,301 | -€56,295 | -15.1% |
| Amounts payable after more than one year | 17 | €240,000 | €140,000 | -€100,000 | -41.7% |
| Other amounts payable | 178/9 | €240,000 | €140,000 | -€100,000 | -41.7% |
| Amounts payable within one year | 42/48 | €127,620 | €166,988 | +€39,368 | +30.8% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €68,028 | €131,337 | +€63,309 | +93.1% |
| Suppliers | 440/4 | €68,028 | €131,337 | +€63,309 | +93.1% |
| Advances received on contracts in progress | 46 | €655 | €655 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €35,778 | €18,150 | -€17,628 | -49.3% |
| Taxes | 450/3 | €30,378 | €11,019 | -€19,359 | -63.7% |
| Remuneration and social security | 454/9 | €5,401 | €7,132 | +€1,731 | +32.0% |
| Other amounts payable | 47/48 | €23,159 | €16,845 | -€6,313 | -27.3% |
| Accrued charges and deferred income | 492/3 | €3,976 | €8,313 | +€4,337 | +109% |
| Remuneration, social security and pensions | 62 | €61,397 | €65,163 | +€3,765 | +6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,069 | €5,852 | -€3,217 | -35.5% |
| Other operating charges | 640/8 | €2,698 | €1,784 | -€914 | -33.9% |
| Gross operating margin | 9900 | €191,410 | €259,832 | +€68,422 | +35.7% |
| Operating profit (loss) | 9901 | €118,245 | €187,033 | +€68,788 | +58.2% |
| Financial income | 75/76B | €6,521 | €10,001 | +€3,480 | +53.4% |
| Recurring financial income | 75 | €6,521 | €10,001 | +€3,480 | +53.4% |
| Financial charges | 65/66B | €6,281 | €12,728 | +€6,447 | +103% |
| Recurring financial charges | 65 | €6,281 | €12,728 | +€6,447 | +103% |
| Profit (loss) for the period before taxes | 9903 | €118,486 | €184,307 | +€65,821 | +55.6% |
| Income taxes | 67/77 | €16,572 | €46,747 | +€30,175 | +182% |
| Profit (loss) for the period | 9904 | €101,914 | €137,560 | +€35,646 | +35.0% |
| Profit (loss) for the period to be appropriated | 9905 | €101,914 | €137,560 | +€35,646 | +35.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.