TRACKS CONSULTING: 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 CONSULTING
Largest movements
- Receivables after one year -€44,486
down €44,486 (-45.4%), from €97,927 to €53,442
- Cash -€24,090
down €24,090 (-32.8%), from €73,522 to €49,433
mainly Contributions, distributions and other (-€97,806) and Tax, wage and social debts (-€27,017)
- Receivables within one year -€21,307
down €21,307 (-44.9%), from €47,429 to €26,122
of which Trade receivables: -€27,897
- Deferred charges and accrued income -€6,014
down €6,014 (-95.8%), from €6,278 to €264
- Reserves -€72,782
down €72,782 (-43.5%), from €167,437 to €94,654
of which Distributable reserves: -€72,782
- Tax, wage and social debts -€27,017
down €27,017 (-46.4%), from €58,249 to €31,231
of which Taxes: -€27,017
- Other debts +€5,023
up €5,023, from €0 to €5,023
- Trade debts -€2,637
down €2,637 (-52.4%), from €5,032 to €2,395
- Gross operating margin -€58,402
down €58,402 (-61.8%), from €94,525 to €36,123
- Taxes -€11,860
down €11,860 (-58.5%), from €20,270 to €8,410
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 | €232,045 | €134,304 | -€97,741 | -42.1% |
| Fixed assets | 21/28 | €6,888 | €5,043 | -€1,845 | -26.8% |
| Tangible fixed assets | 22/27 | €6,888 | €5,043 | -€1,845 | -26.8% |
| Land and buildings | 22 | €1,128 | €741 | -€388 | -34.4% |
| Furniture and vehicles | 24 | €5,759 | €4,303 | -€1,457 | -25.3% |
| Current assets | 29/58 | €225,157 | €129,261 | -€95,896 | -42.6% |
| Amounts receivable after more than one year | 29 | €97,927 | €53,442 | -€44,486 | -45.4% |
| Other amounts receivable | 291 | €97,927 | €53,442 | -€44,486 | -45.4% |
| Amounts receivable within one year | 40/41 | €47,429 | €26,122 | -€21,307 | -44.9% |
| Trade receivables | 40 | €47,429 | €19,532 | -€27,897 | -58.8% |
| Other amounts receivable | 41 | €0 | €6,590 | +€6,590 | |
| Cash at bank and in hand | 54/58 | €73,522 | €49,433 | -€24,090 | -32.8% |
| Deferred charges and accrued income | 490/1 | €6,278 | €264 | -€6,014 | -95.8% |
| Total equity and liabilities | 10/49 | €232,045 | €134,304 | -€97,741 | -42.1% |
| Equity | 10/15 | €168,437 | €95,654 | -€72,782 | -43.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €167,437 | €94,654 | -€72,782 | -43.5% |
| Non-distributable reserves | 130/1 | €94,654 | €94,654 | = | 0.0% |
| Reserves not available under the articles | 1311 | €94,654 | €94,654 | = | 0.0% |
| Distributable reserves | 133 | €72,782 | €0 | -€72,782 | -100.0% |
| Amounts payable | 17/49 | €63,608 | €38,650 | -€24,958 | -39.2% |
| Amounts payable within one year | 42/48 | €63,280 | €38,650 | -€24,631 | -38.9% |
| Trade debts | 44 | €5,032 | €2,395 | -€2,637 | -52.4% |
| Suppliers | 440/4 | €5,032 | €2,395 | -€2,637 | -52.4% |
| Taxes, remuneration and social security | 45 | €58,249 | €31,231 | -€27,017 | -46.4% |
| Taxes | 450/3 | €58,249 | €31,231 | -€27,017 | -46.4% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | €5,023 | +€5,023 | |
| Accrued charges and deferred income | 492/3 | €327 | €0 | -€327 | -100.0% |
| Turnover | 70 | €0 | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,273 | €1,845 | +€571 | +44.8% |
| Other operating charges | 640/8 | - | €400 | +€400 | |
| Gross operating margin | 9900 | €94,525 | €36,123 | -€58,402 | -61.8% |
| Operating profit (loss) | 9901 | €93,252 | €33,879 | -€59,373 | -63.7% |
| Financial income | 75/76B | €4,724 | €4,101 | -€623 | -13.2% |
| Recurring financial income | 75 | €4,724 | €4,101 | -€623 | -13.2% |
| Financial charges | 65/66B | €4,923 | €4,548 | -€376 | -7.6% |
| Recurring financial charges | 65 | €4,923 | €4,548 | -€376 | -7.6% |
| Profit (loss) for the period before taxes | 9903 | €93,053 | €33,433 | -€59,619 | -64.1% |
| Income taxes | 67/77 | €20,270 | €8,410 | -€11,860 | -58.5% |
| Profit (loss) for the period | 9904 | €72,782 | €25,023 | -€47,759 | -65.6% |
| Profit (loss) for the period to be appropriated | 9905 | €72,782 | €25,023 | -€47,759 | -65.6% |
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 11 October 2026 via checked.be.