TRACK - IMMO: 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.
TRACK - IMMO
Largest movements
- Tangible fixed assets +€23,345
new in 2025: €23,345
- Receivables within one year +€7,591
up €7,591 (+72.4%), from €10,482 to €18,072
of which Trade receivables: +€10,603
- Cash +€1,005
up €1,005 (+42.0%), from €2,394 to €3,399
mainly Other debts (+€21,452) and Trade debts (+€9,396)
- Other debts +€21,452
new in 2025: €21,452
- Trade debts +€9,396
up €9,396 (+1158.3%), from €811 to €10,207
- Tax, wage and social debts +€706
up €706 (+37.2%), from €1,899 to €2,604
- Gross operating margin -€6,211
down €6,211 (-57.2%), from €10,851 to €4,640
- Depreciation +€2,243
new in 2025: €2,243
- Taxes -€1,173
down €1,173 (-62.1%), from €1,889 to €716
- Other operating charges +€836
up €836 (+147.7%), from €566 to €1,401
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 | €13,076 | €44,817 | +€31,741 | +242.7% |
| Fixed assets | 21/28 | - | €23,345 | +€23,345 | |
| Tangible fixed assets | 22/27 | - | €23,345 | +€23,345 | |
| Furniture and vehicles | 24 | - | €23,345 | +€23,345 | |
| Current assets | 29/58 | €13,076 | €21,472 | +€8,395 | +64.2% |
| Amounts receivable within one year | 40/41 | €10,482 | €18,072 | +€7,591 | +72.4% |
| Trade receivables | 40 | €4,125 | €14,728 | +€10,603 | +257.0% |
| Other amounts receivable | 41 | €6,357 | €3,344 | -€3,013 | -47.4% |
| Cash at bank and in hand | 54/58 | €2,394 | €3,399 | +€1,005 | +42.0% |
| Deferred charges and accrued income | 490/1 | €200 | - | -€200 | |
| Total equity and liabilities | 10/49 | €13,076 | €44,817 | +€31,741 | +242.7% |
| Equity | 10/15 | €10,366 | €10,554 | +€188 | +1.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €477 | €477 | = | 0.0% |
| Non-distributable reserves | 130/1 | €477 | €477 | = | 0.0% |
| Reserves not available under the articles | 1311 | €477 | €477 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,710 | -€8,523 | +€188 | +2.2% |
| Amounts payable | 17/49 | €2,710 | €34,263 | +€31,553 | +1164.4% |
| Amounts payable within one year | 42/48 | €2,710 | €34,263 | +€31,553 | +1164.4% |
| Trade debts | 44 | €811 | €10,207 | +€9,396 | +1158.3% |
| Suppliers | 440/4 | €811 | €10,207 | +€9,396 | +1158.3% |
| Taxes, remuneration and social security | 45 | €1,899 | €2,604 | +€706 | +37.2% |
| Taxes | 450/3 | €1,899 | €2,604 | +€706 | +37.2% |
| Other amounts payable | 47/48 | - | €21,452 | +€21,452 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €2,243 | +€2,243 | |
| Other operating charges | 640/8 | €566 | €1,401 | +€836 | +147.7% |
| Gross operating margin | 9900 | €10,851 | €4,640 | -€6,211 | -57.2% |
| Operating profit (loss) | 9901 | €10,286 | €996 | -€9,290 | -90.3% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €92 | €92 | +€1 | +0.6% |
| Recurring financial charges | 65 | €92 | €92 | +€1 | +0.6% |
| Profit (loss) for the period before taxes | 9903 | €10,195 | €903 | -€9,292 | -91.1% |
| Income taxes | 67/77 | €1,889 | €716 | -€1,173 | -62.1% |
| Profit (loss) for the period | 9904 | €8,306 | €188 | -€8,119 | -97.7% |
| Profit (loss) for the period to be appropriated | 9905 | €8,306 | €188 | -€8,119 | -97.7% |
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 12 October 2026 via checked.be.