TRACK MAINTENANCE & SUPPLY: what changed
TRACK MAINTENANCE & SUPPLY
Largest movements
- Cash -€52,503
down €52,503 (-75.6%), from €69,441 to €16,938
mainly Deferred charges and accrued income (-€46,924) and Trade debts (-€42,092)
- Receivables after one year -€47,500
down €47,500 (-100%), from €47,500 to €0
- Deferred charges and accrued income +€46,924
up €46,924 (+1,420%), from €3,304 to €50,228
- Receivables within one year -€26,726
down €26,726 (-66.6%), from €40,122 to €13,396
of which Trade receivables: -€32,514
- Tangible fixed assets -€24,273
down €24,273 (-23.0%), from €105,452 to €81,179
of which Furniture and vehicles: -€16,992
- Trade debts -€42,092
down €42,092 (-89.5%), from €47,015 to €4,923
- Profit (loss) carried forward -€26,525
down €26,525, from €0 to -€26,525
- Current portion of long-term debt -€8,722
down €8,722 (-61.8%), from €14,120 to €5,398
- Other debts -€6,169
down €6,169 (-33.0%), from €18,676 to €12,507
- Reserves -€6,037
down €6,037 (-4.6%), from €131,575 to €125,539
- Gross operating margin -€65,459
down €65,459 (-84.9%), from €77,099 to €11,641
- Depreciation +€19,348
up €19,348 (+91.1%), from €21,245 to €40,592
- Taxes -€19,253
down €19,253 (-99.0%), from €19,452 to €199
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €267,289 | €163,211 | -€104,077 | -38.9% |
| Fixed assets | 21/28 | €106,922 | €82,650 | -€24,273 | -22.7% |
| Tangible fixed assets | 22/27 | €105,452 | €81,179 | -€24,273 | -23.0% |
| Furniture and vehicles | 24 | €46,333 | €29,341 | -€16,992 | -36.7% |
| Leasing and similar rights | 25 | €14,830 | €5,350 | -€9,480 | -63.9% |
| Other tangible fixed assets | 26 | €44,288 | €46,488 | +€2,200 | +5.0% |
| Financial fixed assets | 28 | €1,471 | €1,471 | = | 0.0% |
| Current assets | 29/58 | €160,367 | €80,562 | -€79,805 | -49.8% |
| Amounts receivable after more than one year | 29 | €47,500 | €0 | -€47,500 | -100% |
| Other amounts receivable | 291 | €47,500 | €0 | -€47,500 | -100% |
| Amounts receivable within one year | 40/41 | €40,122 | €13,396 | -€26,726 | -66.6% |
| Trade receivables | 40 | €36,084 | €3,570 | -€32,514 | -90.1% |
| Other amounts receivable | 41 | €4,037 | €9,826 | +€5,789 | +143% |
| Cash at bank and in hand | 54/58 | €69,441 | €16,938 | -€52,503 | -75.6% |
| Deferred charges and accrued income | 490/1 | €3,304 | €50,228 | +€46,924 | +1,420% |
| Total equity and liabilities | 10/49 | €267,289 | €163,211 | -€104,077 | -38.9% |
| Equity | 10/15 | €150,167 | €117,606 | -€32,562 | -21.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €131,575 | €125,539 | -€6,037 | -4.6% |
| Distributable reserves | 133 | €131,575 | €125,539 | -€6,037 | -4.6% |
| Profit (loss) carried forward | 14 | €0 | -€26,525 | -€26,525 | |
| Amounts payable | 17/49 | €117,121 | €45,606 | -€71,515 | -61.1% |
| Amounts payable after more than one year | 17 | €5,398 | €0 | -€5,398 | -100% |
| Financial debts | 170/4 | €5,398 | €0 | -€5,398 | -100% |
| Amounts payable within one year | 42/48 | €111,723 | €45,606 | -€66,117 | -59.2% |
| Current portion of amounts payable after more than one year | 42 | €14,120 | €5,398 | -€8,722 | -61.8% |
| Financial debts | 43 | €3,906 | €182 | -€3,724 | -95.3% |
| Credit institutions | 430/8 | €3,906 | €182 | -€3,724 | -95.3% |
| Trade debts | 44 | €47,015 | €4,923 | -€42,092 | -89.5% |
| Suppliers | 440/4 | €47,015 | €4,923 | -€42,092 | -89.5% |
| Taxes, remuneration and social security | 45 | €28,006 | €22,596 | -€5,410 | -19.3% |
| Taxes | 450/3 | €28,006 | €22,596 | -€5,410 | -19.3% |
| Other amounts payable | 47/48 | €18,676 | €12,507 | -€6,169 | -33.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €6,000 | €0 | -€6,000 | -100% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,245 | €40,592 | +€19,348 | +91.1% |
| Other operating charges | 640/8 | €1,925 | €2,284 | +€358 | +18.6% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €77,099 | €11,641 | -€65,459 | -84.9% |
| Operating profit (loss) | 9901 | €53,929 | -€31,235 | -€85,165 | |
| Financial income | 75/76B | €15 | €0 | -€15 | -100% |
| Recurring financial income | 75 | €15 | €0 | -€15 | -100% |
| Financial charges | 65/66B | €1,224 | €1,128 | -€96 | -7.8% |
| Recurring financial charges | 65 | €1,224 | €1,128 | -€96 | -7.8% |
| Profit (loss) for the period before taxes | 9903 | €52,721 | -€32,363 | -€85,084 | |
| Income taxes | 67/77 | €19,452 | €199 | -€19,253 | -99.0% |
| Profit (loss) for the period | 9904 | €33,269 | -€32,562 | -€65,831 | |
| Profit (loss) for the period to be appropriated | 9905 | €33,269 | -€32,562 | -€65,831 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.