TRACKVISION: 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.
TRACKVISION
Largest movements
- Current investments -€50,033
down €50,033 (-7.8%), from €645,071 to €595,038
- Cash +€48,161
up €48,161 (+92.8%), from €51,875 to €100,035
mainly Net result for the year (+€138,912) and Current investments (+€50,033)
- Receivables within one year +€29,607
up €29,607 (+120%), from €24,622 to €54,230
of which Trade receivables: +€28,403
- Reserves +€16,548
up €16,548 (+2.4%), from €691,941 to €708,489
- Trade debts +€10,348
up €10,348 (+1,410%), from €734 to €11,082
- Gross operating margin +€13,780
up €13,780 (+7.4%), from €186,008 to €199,788
- Financial charges +€8,981
up €8,981, from -€8,319 to €662
- Taxes +€2,942
up €2,942 (+5.1%), from €57,337 to €60,279
- Financial income -€2,644
down €2,644 (-34.9%), from €7,572 to €4,928
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 | €734,607 | €758,448 | +€23,841 | +3.2% |
| Fixed assets | 21/28 | €13,039 | €9,145 | -€3,894 | -29.9% |
| Tangible fixed assets | 22/27 | €13,039 | €9,145 | -€3,894 | -29.9% |
| Plant, machinery and equipment | 23 | €7,669 | €5,522 | -€2,147 | -28.0% |
| Furniture and vehicles | 24 | €5,369 | €3,622 | -€1,747 | -32.5% |
| Current assets | 29/58 | €721,568 | €749,303 | +€27,736 | +3.8% |
| Amounts receivable within one year | 40/41 | €24,622 | €54,230 | +€29,607 | +120% |
| Trade receivables | 40 | €24,622 | €53,025 | +€28,403 | +115% |
| Other amounts receivable | 41 | - | €1,204 | +€1,204 | |
| Current investments | 50/53 | €645,071 | €595,038 | -€50,033 | -7.8% |
| Cash at bank and in hand | 54/58 | €51,875 | €100,035 | +€48,161 | +92.8% |
| Total equity and liabilities | 10/49 | €734,607 | €758,448 | +€23,841 | +3.2% |
| Equity | 10/15 | €698,441 | €714,989 | +€16,548 | +2.4% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Reserves | 13 | €691,941 | €708,489 | +€16,548 | +2.4% |
| Distributable reserves | 133 | €691,941 | €708,489 | +€16,548 | +2.4% |
| Amounts payable | 17/49 | €36,166 | €43,459 | +€7,293 | +20.2% |
| Amounts payable within one year | 42/48 | €36,166 | €43,459 | +€7,293 | +20.2% |
| Trade debts | 44 | €734 | €11,082 | +€10,348 | +1,410% |
| Suppliers | 440/4 | €734 | €11,082 | +€10,348 | +1,410% |
| Taxes, remuneration and social security | 45 | €29,002 | €23,377 | -€5,625 | -19.4% |
| Taxes | 450/3 | €29,002 | €23,377 | -€5,625 | -19.4% |
| Other amounts payable | 47/48 | €6,430 | €9,000 | +€2,570 | +40.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,197 | €3,894 | -€303 | -7.2% |
| Other operating charges | 640/8 | €905 | €969 | +€63 | +7.0% |
| Gross operating margin | 9900 | €186,008 | €199,788 | +€13,780 | +7.4% |
| Operating profit (loss) | 9901 | €180,906 | €194,925 | +€14,020 | +7.7% |
| Financial income | 75/76B | €7,572 | €4,928 | -€2,644 | -34.9% |
| Recurring financial income | 75 | €7,572 | €4,928 | -€2,644 | -34.9% |
| Financial charges | 65/66B | -€8,319 | €662 | +€8,981 | |
| Recurring financial charges | 65 | -€8,319 | €662 | +€8,981 | |
| Profit (loss) for the period before taxes | 9903 | €196,796 | €199,192 | +€2,395 | +1.2% |
| Income taxes | 67/77 | €57,337 | €60,279 | +€2,942 | +5.1% |
| Profit (loss) for the period | 9904 | €139,459 | €138,912 | -€547 | -0.4% |
| Profit (loss) for the period to be appropriated | 9905 | €139,459 | €138,912 | -€547 | -0.4% |
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 15 October 2026 via checked.be.