TrackBox: 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.
TrackBox
Largest movements
- Intangible fixed assets +€166,312
up €166,312 (+298.6%), from €55,690 to €222,002
- Current investments +€100,003
new in 2025: €100,003
- Receivables within one year +€31,508
up €31,508 (+843.2%), from €3,737 to €35,245
- Cash +€27,360
up €27,360 (+213.6%), from €12,808 to €40,168
mainly Contributions, distributions and other (+€397,360) and Depreciation (+€46,034)
- Tangible fixed assets +€8,219
new in 2025: €8,219
of which Plant, machinery and equipment: +€5,295
- Contributions +€299,519
up €299,519 (+460.8%), from €65,000 to €364,519
- Investment grants +€97,841
new in 2025: €97,841
- Profit (loss) carried forward -€75,829
down €75,829 (-276.6%), from -€27,414 to -€103,242
- Trade debts +€26,944
up €26,944 (+61446.4%), from €44 to €26,988
- Other debts -€14,747
down €14,747 (-37.5%), from €39,278 to €24,532
- Staff costs +€96,499
up €96,499 (+1067.3%), from €9,041 to €105,540
- Gross operating margin +€73,099
up €73,099, from -€1,065 to €72,034
- Depreciation +€38,335
up €38,335 (+497.9%), from €7,699 to €46,034
- Financial income +€8,654
new in 2025: €8,654
- Taxes +€2,590
new in 2025: €2,590
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 | €77,235 | €410,637 | +€333,402 | +431.7% |
| Fixed assets | 21/28 | €60,690 | €235,221 | +€174,531 | +287.6% |
| Intangible fixed assets | 21 | €55,690 | €222,002 | +€166,312 | +298.6% |
| Tangible fixed assets | 22/27 | - | €8,219 | +€8,219 | |
| Plant, machinery and equipment | 23 | - | €5,295 | +€5,295 | |
| Other tangible fixed assets | 26 | - | €2,924 | +€2,924 | |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €16,544 | €175,416 | +€158,872 | +960.3% |
| Amounts receivable within one year | 40/41 | €3,737 | €35,245 | +€31,508 | +843.2% |
| Trade receivables | 40 | €3,737 | €35,245 | +€31,508 | +843.2% |
| Current investments | 50/53 | - | €100,003 | +€100,003 | |
| Cash at bank and in hand | 54/58 | €12,808 | €40,168 | +€27,360 | +213.6% |
| Total equity and liabilities | 10/49 | €77,235 | €410,637 | +€333,402 | +431.7% |
| Equity | 10/15 | €37,586 | €359,117 | +€321,531 | +855.4% |
| Contributions | 10/11 | €65,000 | €364,519 | +€299,519 | +460.8% |
| Profit (loss) carried forward | 14 | -€27,414 | -€103,242 | -€75,829 | -276.6% |
| Investment grants | 15 | - | €97,841 | +€97,841 | |
| Amounts payable | 17/49 | €39,648 | €51,520 | +€11,871 | +29.9% |
| Amounts payable within one year | 42/48 | €39,648 | €51,520 | +€11,871 | +29.9% |
| Trade debts | 44 | €44 | €26,988 | +€26,944 | +61446.4% |
| Suppliers | 440/4 | €44 | €26,988 | +€26,944 | +61446.4% |
| Taxes, remuneration and social security | 45 | €326 | - | -€326 | |
| Taxes | 450/3 | €174 | - | -€174 | |
| Remuneration and social security | 454/9 | €152 | - | -€152 | |
| Other amounts payable | 47/48 | €39,278 | €24,532 | -€14,747 | -37.5% |
| Remuneration, social security and pensions | 62 | €9,041 | €105,540 | +€96,499 | +1067.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,699 | €46,034 | +€38,335 | +497.9% |
| Other operating charges | 640/8 | €569 | €1,318 | +€749 | +131.6% |
| Gross operating margin | 9900 | -€1,065 | €72,034 | +€73,099 | |
| Operating profit (loss) | 9901 | -€18,375 | -€80,859 | -€62,484 | -340.1% |
| Financial income | 75/76B | - | €8,654 | +€8,654 | |
| Recurring financial income | 75 | - | €8,654 | +€8,654 | |
| Financial charges | 65/66B | €263 | €1,034 | +€771 | +292.7% |
| Recurring financial charges | 65 | €263 | €1,034 | +€771 | +292.7% |
| Profit (loss) for the period before taxes | 9903 | -€18,638 | -€73,239 | -€54,601 | -293.0% |
| Income taxes | 67/77 | - | €2,590 | +€2,590 | |
| Profit (loss) for the period | 9904 | -€18,638 | -€75,829 | -€57,190 | -306.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,638 | -€75,829 | -€57,190 | -306.8% |
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 29 September 2026 via checked.be.