TRACK EDITIONS: 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.
TRACK EDITIONS
Largest movements
- Receivables within one year -€2,241
down €2,241 (-100.0%), from €2,241 to €0
of which Other amounts receivable: -€1,946
- Current investments +€1,280
new in 2025: €1,280
- Cash -€74
no longer reported in 2025 (was €74)
mainly Other debts (-€2,765) and Current investments (-€1,280)
- Other debts -€2,765
down €2,765 (-1.6%), from €171,319 to €168,554
- Profit (loss) carried forward +€1,730
up €1,730 (+1.0%), from -€176,949 to -€175,219
- Gross operating margin +€2,521
up €2,521, from -€238 to €2,283
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 | €2,315 | €1,280 | -€1,035 | -44.7% |
| Fixed assets | 21/28 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €0 | €0 | = | |
| Land and buildings | 22 | - | €0 | = | |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €2,315 | €1,280 | -€1,035 | -44.7% |
| Amounts receivable within one year | 40/41 | €2,241 | €0 | -€2,241 | -100.0% |
| Trade receivables | 40 | €295 | €0 | -€295 | -100.0% |
| Other amounts receivable | 41 | €1,946 | €0 | -€1,946 | -100.0% |
| Current investments | 50/53 | - | €1,280 | +€1,280 | |
| Cash at bank and in hand | 54/58 | €74 | - | -€74 | |
| Total equity and liabilities | 10/49 | €2,315 | €1,280 | -€1,035 | -44.7% |
| Equity | 10/15 | -€169,014 | -€167,284 | +€1,730 | +1.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Uncalled capital | 101 | €12,392 | €12,392 | = | 0.0% |
| Reserves | 13 | €1,735 | €1,735 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,735 | €1,735 | = | 0.0% |
| Legal reserve | 130 | €1,735 | €1,735 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€176,949 | -€175,219 | +€1,730 | +1.0% |
| Amounts payable | 17/49 | €171,329 | €168,564 | -€2,765 | -1.6% |
| Amounts payable within one year | 42/48 | €171,329 | €168,564 | -€2,765 | -1.6% |
| Trade debts | 44 | €10 | €10 | = | 0.0% |
| Suppliers | 440/4 | €10 | €10 | = | 0.0% |
| Other amounts payable | 47/48 | €171,319 | €168,554 | -€2,765 | -1.6% |
| Other operating charges | 640/8 | €387 | €400 | +€13 | +3.4% |
| Gross operating margin | 9900 | -€238 | €2,283 | +€2,521 | |
| Operating profit (loss) | 9901 | -€625 | €1,883 | +€2,508 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €157 | €153 | -€4 | -2.5% |
| Recurring financial charges | 65 | €157 | €153 | -€4 | -2.5% |
| Profit (loss) for the period before taxes | 9903 | -€782 | €1,730 | +€2,512 | |
| Profit (loss) for the period | 9904 | -€782 | €1,730 | +€2,512 | |
| Profit (loss) for the period to be appropriated | 9905 | -€782 | €1,730 | +€2,512 |
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 7 October 2026 via checked.be.