TRACKERY: 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.
TRACKERY
Largest movements
- Receivables within one year +€63,304
up €63,304 (+192%), from €33,025 to €96,329
of which Trade receivables: +€63,304
- Cash -€5,524
down €5,524 (-33.1%), from €16,699 to €11,174
mainly Receivables within one year (-€63,304) and Other debts (-€12,374)
- Deferred charges and accrued income -€1,980
no longer reported in 2025 (was €1,980)
- Trade debts +€41,016
up €41,016 (+2,142%), from €1,915 to €42,930
- Advances received +€30,000
new in 2025: €30,000
- Other debts -€12,374
down €12,374 (-11.3%), from €109,541 to €97,167
- Profit (loss) carried forward -€4,509
down €4,509 (-28.4%), from €15,903 to €11,395
- Gross operating margin -€5,246
down €5,246 (-54.2%), from €9,680 to €4,434
- Financial charges +€2,137
up €2,137 (+2,135%), from €100 to €2,237
- Financial income +€603
up €603 (+49.9%), from €1,208 to €1,811
- Depreciation +€351
up €351 (+5.2%), from €6,734 to €7,085
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 | €141,619 | €195,752 | +€54,133 | +38.2% |
| Fixed assets | 21/28 | €89,916 | €88,249 | -€1,666 | -1.9% |
| Tangible fixed assets | 22/27 | €89,916 | €88,249 | -€1,666 | -1.9% |
| Land and buildings | 22 | €83,686 | €77,961 | -€5,726 | -6.8% |
| Plant, machinery and equipment | 23 | €5,741 | €10,195 | +€4,454 | +77.6% |
| Other tangible fixed assets | 26 | €489 | €93 | -€395 | -80.9% |
| Current assets | 29/58 | €51,704 | €107,503 | +€55,799 | +108% |
| Amounts receivable within one year | 40/41 | €33,025 | €96,329 | +€63,304 | +192% |
| Trade receivables | 40 | €6,000 | €69,304 | +€63,304 | +1,055% |
| Other amounts receivable | 41 | €27,025 | €27,025 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €16,699 | €11,174 | -€5,524 | -33.1% |
| Deferred charges and accrued income | 490/1 | €1,980 | - | -€1,980 | |
| Total equity and liabilities | 10/49 | €141,619 | €195,752 | +€54,133 | +38.2% |
| Equity | 10/15 | €30,163 | €25,655 | -€4,509 | -14.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,903 | €11,395 | -€4,509 | -28.4% |
| Amounts payable | 17/49 | €111,456 | €170,098 | +€58,642 | +52.6% |
| Amounts payable within one year | 42/48 | €111,456 | €170,098 | +€58,642 | +52.6% |
| Trade debts | 44 | €1,915 | €42,930 | +€41,016 | +2,142% |
| Suppliers | 440/4 | €1,915 | €42,930 | +€41,016 | +2,142% |
| Advances received on contracts in progress | 46 | - | €30,000 | +€30,000 | |
| Other amounts payable | 47/48 | €109,541 | €97,167 | -€12,374 | -11.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,734 | €7,085 | +€351 | +5.2% |
| Other operating charges | 640/8 | €1,387 | €1,431 | +€44 | +3.1% |
| Gross operating margin | 9900 | €9,680 | €4,434 | -€5,246 | -54.2% |
| Operating profit (loss) | 9901 | €1,559 | -€4,082 | -€5,641 | |
| Financial income | 75/76B | €1,208 | €1,811 | +€603 | +49.9% |
| Recurring financial income | 75 | €1,208 | €1,811 | +€603 | +49.9% |
| Financial charges | 65/66B | €100 | €2,237 | +€2,137 | +2,135% |
| Recurring financial charges | 65 | €100 | €2,237 | +€2,137 | +2,135% |
| Profit (loss) for the period before taxes | 9903 | €2,666 | -€4,509 | -€7,175 | |
| Profit (loss) for the period | 9904 | €2,666 | -€4,509 | -€7,175 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,666 | -€4,509 | -€7,175 |
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 13 October 2026 via checked.be.