TRACKS: 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.
TRACKS
Largest movements
- Tangible fixed assets -€6,372
down €6,372 (-7.9%), from €80,743 to €74,371
of which Land and buildings: -€6,005
- Other debts -€12,996
down €12,996 (-9.8%), from €132,082 to €119,086
- Profit (loss) carried forward +€7,406
up €7,406 (+8.6%), from -€86,399 to -€78,993
- Trade debts -€851
down €851 (-95.1%), from €895 to €44
- Purchases and services -€4,888
down €4,888 (-60.7%), from €8,048 to €3,160
- Turnover -€3,738
no longer reported in 2025 (was €3,738)
- Gross operating margin +€1,800
up €1,800 (+52.0%), from -€3,460 to -€1,660
- Other operating charges -€1,355
down €1,355 (-35.3%), from €3,838 to €2,483
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 | €81,912 | €75,472 | -€6,440 | -7.9% |
| Fixed assets | 21/28 | €80,743 | €74,371 | -€6,372 | -7.9% |
| Tangible fixed assets | 22/27 | €80,743 | €74,371 | -€6,372 | -7.9% |
| Land and buildings | 22 | €79,747 | €73,742 | -€6,005 | -7.5% |
| Plant, machinery and equipment | 23 | €996 | €629 | -€367 | -36.8% |
| Current assets | 29/58 | €1,169 | €1,101 | -€68 | -5.8% |
| Amounts receivable within one year | 40/41 | €1,005 | €1,005 | = | 0.0% |
| Other amounts receivable | 41 | €1,005 | €1,005 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €164 | €96 | -€68 | -41.5% |
| Total equity and liabilities | 10/49 | €81,912 | €75,472 | -€6,440 | -7.9% |
| Equity | 10/15 | -€54,650 | -€47,244 | +€7,406 | +13.6% |
| Contributions | 10/11 | €27,500 | €27,500 | = | 0.0% |
| Reserves | 13 | €4,249 | €4,249 | = | 0.0% |
| Distributable reserves | 133 | €4,249 | €4,249 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€86,399 | -€78,993 | +€7,406 | +8.6% |
| Amounts payable | 17/49 | €136,562 | €122,716 | -€13,846 | -10.1% |
| Amounts payable within one year | 42/48 | €132,977 | €119,130 | -€13,847 | -10.4% |
| Trade debts | 44 | €895 | €44 | -€851 | -95.1% |
| Suppliers | 440/4 | €895 | €44 | -€851 | -95.1% |
| Other amounts payable | 47/48 | €132,082 | €119,086 | -€12,996 | -9.8% |
| Accrued charges and deferred income | 492/3 | €3,585 | €3,586 | +€1 | 0.0% |
| Turnover | 70 | €3,738 | - | -€3,738 | |
| Goods, raw materials, services and sundry goods | 60/61 | €8,048 | €3,160 | -€4,888 | -60.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,373 | €6,373 | = | 0.0% |
| Other operating charges | 640/8 | €3,838 | €2,483 | -€1,355 | -35.3% |
| Gross operating margin | 9900 | -€3,460 | -€1,660 | +€1,800 | +52.0% |
| Operating profit (loss) | 9901 | -€13,671 | -€10,516 | +€3,155 | +23.1% |
| Financial income | 75/76B | €18,003 | €18,010 | +€7 | 0.0% |
| Recurring financial income | 75 | €18,003 | €18,010 | +€7 | 0.0% |
| Financial charges | 65/66B | €61 | €88 | +€27 | +44.3% |
| Recurring financial charges | 65 | €61 | €88 | +€27 | +44.3% |
| Profit (loss) for the period before taxes | 9903 | €4,271 | €7,406 | +€3,135 | +73.4% |
| Profit (loss) for the period | 9904 | €4,271 | €7,406 | +€3,135 | +73.4% |
| Profit (loss) for the period to be appropriated | 9905 | €4,271 | €7,406 | +€3,135 | +73.4% |
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 10 October 2026 via checked.be.