TRACKS&Co: 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.
TRACKS&Co
Largest movements
- Tangible fixed assets +€47,748
up €47,748 (+2022.2%), from €2,361 to €50,109
of which Furniture and vehicles: +€45,302
- Other debts +€48,427
up €48,427 (+23.8%), from €203,799 to €252,226
- Reserves +€14,559
up €14,559 (+6.8%), from €213,760 to €228,319
- Current portion of long-term debt -€11,968
no longer reported in 2025 (was €11,968)
- Financial income -€2,094
down €2,094 (-38.0%), from €5,517 to €3,423
- Taxes -€1,256
down €1,256 (-4.8%), from €26,404 to €25,148
- Other operating charges +€937
up €937 (+97.5%), from €962 to €1,899
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €478,826 | €528,835 | +€50,010 | +10.4% |
| Fixed assets | 21/28 | €2,361 | €50,109 | +€47,748 | +2022.2% |
| Tangible fixed assets | 22/27 | €2,361 | €50,109 | +€47,748 | +2022.2% |
| Plant, machinery and equipment | 23 | - | €2,446 | +€2,446 | |
| Furniture and vehicles | 24 | €2,361 | €47,664 | +€45,302 | +1918.6% |
| Current assets | 29/58 | €476,464 | €478,726 | +€2,262 | +0.5% |
| Amounts receivable within one year | 40/41 | €10,892 | €14,520 | +€3,628 | +33.3% |
| Trade receivables | 40 | - | €14,520 | +€14,520 | |
| Other amounts receivable | 41 | €10,892 | - | -€10,892 | |
| Cash at bank and in hand | 54/58 | €463,310 | €461,933 | -€1,377 | -0.3% |
| Deferred charges and accrued income | 490/1 | €2,262 | €2,273 | +€11 | +0.5% |
| Total equity and liabilities | 10/49 | €478,826 | €528,835 | +€50,010 | +10.4% |
| Equity | 10/15 | €243,669 | €258,228 | +€14,559 | +6.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €213,760 | €228,319 | +€14,559 | +6.8% |
| Distributable reserves | 133 | €213,760 | €228,319 | +€14,559 | +6.8% |
| Profit (loss) carried forward | 14 | €11,309 | €11,309 | = | 0.0% |
| Amounts payable | 17/49 | €235,157 | €270,608 | +€35,451 | +15.1% |
| Amounts payable within one year | 42/48 | €235,157 | €270,608 | +€35,451 | +15.1% |
| Current portion of amounts payable after more than one year | 42 | €11,968 | - | -€11,968 | |
| Trade debts | 44 | €787 | €4,952 | +€4,165 | +528.9% |
| Suppliers | 440/4 | €787 | €4,952 | +€4,165 | +528.9% |
| Taxes, remuneration and social security | 45 | €18,602 | €13,429 | -€5,173 | -27.8% |
| Taxes | 450/3 | €12,727 | €11,553 | -€1,174 | -9.2% |
| Remuneration and social security | 454/9 | €5,876 | €1,876 | -€3,999 | -68.1% |
| Other amounts payable | 47/48 | €203,799 | €252,226 | +€48,427 | +23.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,668 | €2,346 | +€678 | +40.7% |
| Other operating charges | 640/8 | €962 | €1,899 | +€937 | +97.5% |
| Gross operating margin | 9900 | €90,045 | €89,831 | -€214 | -0.2% |
| Operating profit (loss) | 9901 | €87,416 | €85,586 | -€1,830 | -2.1% |
| Financial income | 75/76B | €5,517 | €3,423 | -€2,094 | -38.0% |
| Recurring financial income | 75 | €5,517 | €3,423 | -€2,094 | -38.0% |
| Financial charges | 65/66B | €12,923 | €12,210 | -€713 | -5.5% |
| Recurring financial charges | 65 | €12,923 | €12,210 | -€713 | -5.5% |
| Profit (loss) for the period before taxes | 9903 | €80,010 | €76,799 | -€3,211 | -4.0% |
| Income taxes | 67/77 | €26,404 | €25,148 | -€1,256 | -4.8% |
| Profit (loss) for the period | 9904 | €53,607 | €51,651 | -€1,955 | -3.6% |
| Profit (loss) for the period to be appropriated | 9905 | €53,607 | €51,651 | -€1,955 | -3.6% |
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 8 October 2026 via checked.be.