TRAC INFO: 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.
TRAC INFO
Largest movements
- Tangible fixed assets -€8,429
down €8,429 (-31.7%), from €26,549 to €18,120
of which Plant, machinery and equipment: -€8,166
- Receivables within one year -€8,290
down €8,290 (-59.5%), from €13,941 to €5,650
of which Other amounts receivable: -€4,421
- Stocks and contracts +€3,581
new in 2025: €3,581
- Cash -€2,109
down €2,109 (-100%), from €2,109 to €0
mainly Net result for the year (-€28,381) and Stocks and contracts (-€3,581)
- Deferred charges and accrued income -€1,124
down €1,124 (-24.5%), from €4,590 to €3,465
- Profit (loss) carried forward -€28,381
down €28,381 (-173%), from -€16,400 to -€44,781
- Short-term financial debts +€8,732
up €8,732 (+81.6%), from €10,702 to €19,434
- Trade debts +€5,124
up €5,124 (+69.2%), from €7,406 to €12,530
- Debts after one year -€3,213
down €3,213 (-38.4%), from €8,371 to €5,158
- Tax, wage and social debts +€726
up €726 (+8.3%), from €8,800 to €9,526
of which Remuneration and social security: +€2,000
- Depreciation +€2,373
up €2,373 (+33.9%), from €6,999 to €9,373
- Financial charges +€1,387
up €1,387 (+42.4%), from €3,275 to €4,663
- Gross operating margin -€312
down €312 (-2.3%), from -€13,321 to -€13,632
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 | €48,588 | €32,217 | -€16,371 | -33.7% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €27,949 | €19,520 | -€8,429 | -30.2% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €26,549 | €18,120 | -€8,429 | -31.7% |
| Plant, machinery and equipment | 23 | €26,113 | €17,947 | -€8,166 | -31.3% |
| Furniture and vehicles | 24 | €435 | €173 | -€262 | -60.2% |
| Financial fixed assets | 28 | €1,400 | €1,400 | = | 0.0% |
| Current assets | 29/58 | €20,639 | €12,697 | -€7,943 | -38.5% |
| Stocks and contracts in progress | 3 | - | €3,581 | +€3,581 | |
| Stocks | 30/36 | - | €3,581 | +€3,581 | |
| Amounts receivable within one year | 40/41 | €13,941 | €5,650 | -€8,290 | -59.5% |
| Trade receivables | 40 | €9,182 | €5,312 | -€3,870 | -42.1% |
| Other amounts receivable | 41 | €4,759 | €338 | -€4,421 | -92.9% |
| Cash at bank and in hand | 54/58 | €2,109 | €0 | -€2,109 | -100% |
| Deferred charges and accrued income | 490/1 | €4,590 | €3,465 | -€1,124 | -24.5% |
| Total equity and liabilities | 10/49 | €48,588 | €32,217 | -€16,371 | -33.7% |
| Equity | 10/15 | €8,357 | -€20,024 | -€28,381 | |
| Contributions | 10/11 | €18,757 | €18,757 | = | 0.0% |
| Reserves | 13 | €6,000 | €6,000 | = | 0.0% |
| Distributable reserves | 133 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,400 | -€44,781 | -€28,381 | -173% |
| Amounts payable | 17/49 | €40,231 | €52,241 | +€12,010 | +29.9% |
| Amounts payable after more than one year | 17 | €8,371 | €5,158 | -€3,213 | -38.4% |
| Financial debts | 170/4 | €8,371 | €5,158 | -€3,213 | -38.4% |
| Amounts payable within one year | 42/48 | €31,535 | €46,436 | +€14,901 | +47.3% |
| Current portion of amounts payable after more than one year | 42 | €4,582 | €4,901 | +€319 | +7.0% |
| Financial debts | 43 | €10,702 | €19,434 | +€8,732 | +81.6% |
| Credit institutions | 430/8 | €10,702 | €19,434 | +€8,732 | +81.6% |
| Trade debts | 44 | €7,406 | €12,530 | +€5,124 | +69.2% |
| Suppliers | 440/4 | €7,406 | €12,530 | +€5,124 | +69.2% |
| Taxes, remuneration and social security | 45 | €8,800 | €9,526 | +€726 | +8.3% |
| Taxes | 450/3 | €1,300 | €26 | -€1,274 | -98.0% |
| Remuneration and social security | 454/9 | €7,500 | €9,500 | +€2,000 | +26.7% |
| Other amounts payable | 47/48 | €45 | €45 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €326 | €648 | +€322 | +98.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,999 | €9,373 | +€2,373 | +33.9% |
| Other operating charges | 640/8 | €456 | €431 | -€25 | -5.5% |
| Gross operating margin | 9900 | -€13,321 | -€13,632 | -€312 | -2.3% |
| Operating profit (loss) | 9901 | -€20,776 | -€23,436 | -€2,660 | -12.8% |
| Financial income | 75/76B | €2 | €38 | +€36 | +1,734% |
| Recurring financial income | 75 | €2 | €38 | +€36 | +1,734% |
| Financial charges | 65/66B | €3,275 | €4,663 | +€1,387 | +42.4% |
| Recurring financial charges | 65 | €3,275 | €4,663 | +€1,387 | +42.4% |
| Profit (loss) for the period before taxes | 9903 | -€24,049 | -€28,061 | -€4,012 | -16.7% |
| Income taxes | 67/77 | €345 | €320 | -€25 | -7.2% |
| Profit (loss) for the period | 9904 | -€24,394 | -€28,381 | -€3,986 | -16.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,394 | -€28,381 | -€3,986 | -16.3% |
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 19 October 2026 via checked.be.