TRACKONNECT: what changed
What changed
TRACKONNECT
NACE 43.211, General electrical installation work
filed annual accounts (NBB)
Net result for the year
€14,687
2024 · €5,967+€8,721
Equity
€55,844
2024 · €42,823+€13,021
Cash
€14,187
2024 · €11,758+€2,429
Balance sheet total
€422,702
2024 · €436,248-€13,546
Largest movements
Assets
- Tangible fixed assets -€21,410
down €21,410 (-7.2%), from €299,360 to €277,950
of which Furniture and vehicles: -€12,259
- Receivables within one year +€7,018
up €7,018 (+7.6%), from €91,989 to €99,007
of which Trade receivables: +€10,116
Equity and liabilities
- Debts after one year -€21,596
down €21,596 (-6.1%), from €351,843 to €330,247
- Reserves +€13,021
up €13,021 (+35.6%), from €36,623 to €49,644
Income statement
- Gross operating margin +€7,841
up €7,841 (+13.9%), from €56,509 to €64,350
- Financial charges -€4,106
down €4,106 (-24.3%), from €16,911 to €12,805
- Taxes +€1,896
up €1,896 (+87.3%), from €2,172 to €4,068
- Depreciation +€1,030
up €1,030 (+3.3%), from €30,943 to €31,973
- Financial income -€668
down €668 (-14.5%), from €4,597 to €3,929
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.
Result 2024
€5,967
Gross operating margin
+€7,841
Depreciation
-€1,030
Other operating charges
+€368
Financial income
-€668
Financial charges
+€4,106
Taxes
-€1,896
Result 2025
€14,687
raises the resultlowers the result
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.
From operations
+€38,285
Investment
-€10,563
Financing
-€25,293
Cash 2024
€11,758
From operations (derived)
+€38,285
Net result for the year
+€14,687
Depreciation
+€31,973
Stocks and contracts
-€529
Receivables within one year
-€7,018
Deferred charges and accrued income
+€2,113
Trade debts
-€1,372
Tax, wage and social debts
-€947
Other debts
-€1,505
Accrued charges and deferred income
+€883
Investment (derived)
-€10,563
Investment in fixed assets (net)
-€10,563
Financing
-€25,293
Debts after one year
-€21,596
Current portion of long-term debt
-€1,347
Short-term financial debts
-€684
Contributions, distributions and other
-€1,666
Cash 2025
€14,187
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €436,248 | €422,702 | -€13,546 | -3.1% |
| Fixed assets | 21/28 | €299,360 | €277,950 | -€21,410 | -7.2% |
| Tangible fixed assets | 22/27 | €299,360 | €277,950 | -€21,410 | -7.2% |
| Land and buildings | 22 | €261,929 | €255,405 | -€6,525 | -2.5% |
| Plant, machinery and equipment | 23 | €8,589 | €5,963 | -€2,627 | -30.6% |
| Furniture and vehicles | 24 | €28,841 | €16,583 | -€12,259 | -42.5% |
| Current assets | 29/58 | €136,888 | €144,752 | +€7,863 | +5.7% |
| Stocks and contracts in progress | 3 | €23,570 | €24,099 | +€529 | +2.2% |
| Stocks | 30/36 | €23,570 | €24,099 | +€529 | +2.2% |
| Amounts receivable within one year | 40/41 | €91,989 | €99,007 | +€7,018 | +7.6% |
| Trade receivables | 40 | €18,022 | €28,138 | +€10,116 | +56.1% |
| Other amounts receivable | 41 | €73,967 | €70,869 | -€3,098 | -4.2% |
| Cash at bank and in hand | 54/58 | €11,758 | €14,187 | +€2,429 | +20.7% |
| Deferred charges and accrued income | 490/1 | €9,572 | €7,459 | -€2,113 | -22.1% |
| Total equity and liabilities | 10/49 | €436,248 | €422,702 | -€13,546 | -3.1% |
| Equity | 10/15 | €42,823 | €55,844 | +€13,021 | +30.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €36,623 | €49,644 | +€13,021 | +35.6% |
| Distributable reserves | 133 | €36,623 | €49,644 | +€13,021 | +35.6% |
| Amounts payable | 17/49 | €393,426 | €366,858 | -€26,568 | -6.8% |
| Amounts payable after more than one year | 17 | €351,843 | €330,247 | -€21,596 | -6.1% |
| Financial debts | 170/4 | €351,843 | €330,247 | -€21,596 | -6.1% |
| Amounts payable within one year | 42/48 | €41,583 | €35,728 | -€5,855 | -14.1% |
| Current portion of amounts payable after more than one year | 42 | €22,368 | €21,021 | -€1,347 | -6.0% |
| Financial debts | 43 | €822 | €138 | -€684 | -83.2% |
| Credit institutions | 430/8 | €822 | €138 | -€684 | -83.2% |
| Trade debts | 44 | €7,770 | €6,398 | -€1,372 | -17.7% |
| Suppliers | 440/4 | €7,770 | €6,398 | -€1,372 | -17.7% |
| Taxes, remuneration and social security | 45 | €7,702 | €6,755 | -€947 | -12.3% |
| Taxes | 450/3 | €7,702 | €6,755 | -€947 | -12.3% |
| Other amounts payable | 47/48 | €2,921 | €1,416 | -€1,505 | -51.5% |
| Accrued charges and deferred income | 492/3 | - | €883 | +€883 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,943 | €31,973 | +€1,030 | +3.3% |
| Other operating charges | 640/8 | €5,113 | €4,745 | -€368 | -7.2% |
| Gross operating margin | 9900 | €56,509 | €64,350 | +€7,841 | +13.9% |
| Operating profit (loss) | 9901 | €20,453 | €27,631 | +€7,179 | +35.1% |
| Financial income | 75/76B | €4,597 | €3,929 | -€668 | -14.5% |
| Recurring financial income | 75 | €4,597 | €3,929 | -€668 | -14.5% |
| Financial charges | 65/66B | €16,911 | €12,805 | -€4,106 | -24.3% |
| Recurring financial charges | 65 | €16,911 | €12,805 | -€4,106 | -24.3% |
| Profit (loss) for the period before taxes | 9903 | €8,138 | €18,755 | +€10,617 | +130% |
| Income taxes | 67/77 | €2,172 | €4,068 | +€1,896 | +87.3% |
| Profit (loss) for the period | 9904 | €5,967 | €14,687 | +€8,721 | +146% |
| Profit (loss) for the period to be appropriated | 9905 | €5,967 | €14,687 | +€8,721 | +146% |
Next steps
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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 2 November 2026 via checked.be.