TRACS: 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.
TRACS
Largest movements
- Current investments +€72,455
up €72,455 (+18.8%), from €385,347 to €457,801
- Receivables within one year +€20,645
up €20,645 (+95.6%), from €21,603 to €42,248
- Cash -€14,658
down €14,658 (-5.1%), from €288,825 to €274,168
mainly Current investments (-€72,455) and Contributions, distributions and other (-€70,156)
- Reserves +€68,857
up €68,857 (+11.8%), from €583,171 to €652,027
- Tax, wage and social debts +€17,245
up €17,245 (+142.4%), from €12,106 to €29,351
of which Taxes: +€20,091
- Other debts -€9,080
down €9,080 (-9.7%), from €93,999 to €84,920
- Financial income +€31,226
up €31,226 (+693.1%), from €4,505 to €35,731
- Taxes +€10,036
up €10,036 (+20.7%), from €48,600 to €58,636
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 | €696,463 | €774,568 | +€78,105 | +11.2% |
| Fixed assets | 21/28 | €688 | €351 | -€337 | -49.0% |
| Tangible fixed assets | 22/27 | €688 | €351 | -€337 | -49.0% |
| Plant, machinery and equipment | 23 | €688 | €351 | -€337 | -49.0% |
| Current assets | 29/58 | €695,774 | €774,217 | +€78,442 | +11.3% |
| Amounts receivable within one year | 40/41 | €21,603 | €42,248 | +€20,645 | +95.6% |
| Trade receivables | 40 | €21,603 | €42,248 | +€20,645 | +95.6% |
| Current investments | 50/53 | €385,347 | €457,801 | +€72,455 | +18.8% |
| Cash at bank and in hand | 54/58 | €288,825 | €274,168 | -€14,658 | -5.1% |
| Total equity and liabilities | 10/49 | €696,463 | €774,568 | +€78,105 | +11.2% |
| Equity | 10/15 | €590,065 | €658,922 | +€68,857 | +11.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €583,171 | €652,027 | +€68,857 | +11.8% |
| Distributable reserves | 133 | €583,171 | €652,027 | +€68,857 | +11.8% |
| Profit (loss) carried forward | 14 | €694 | €694 | = | 0.0% |
| Amounts payable | 17/49 | €106,398 | €115,646 | +€9,248 | +8.7% |
| Amounts payable within one year | 42/48 | €106,398 | €115,646 | +€9,248 | +8.7% |
| Trade debts | 44 | €292 | €1,376 | +€1,083 | +370.6% |
| Suppliers | 440/4 | €292 | €1,376 | +€1,083 | +370.6% |
| Taxes, remuneration and social security | 45 | €12,106 | €29,351 | +€17,245 | +142.4% |
| Taxes | 450/3 | €9,260 | €29,351 | +€20,091 | +217.0% |
| Remuneration and social security | 454/9 | €2,847 | - | -€2,847 | |
| Other amounts payable | 47/48 | €93,999 | €84,920 | -€9,080 | -9.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €899 | €337 | -€562 | -62.5% |
| Other operating charges | 640/8 | €806 | €750 | -€56 | -7.0% |
| Gross operating margin | 9900 | €163,976 | €165,281 | +€1,304 | +0.8% |
| Operating profit (loss) | 9901 | €162,271 | €164,194 | +€1,923 | +1.2% |
| Financial income | 75/76B | €4,505 | €35,731 | +€31,226 | +693.1% |
| Recurring financial income | 75 | €4,505 | €35,731 | +€31,226 | +693.1% |
| Financial charges | 65/66B | €2,253 | €2,277 | +€24 | +1.1% |
| Recurring financial charges | 65 | €2,253 | €2,277 | +€24 | +1.1% |
| Profit (loss) for the period before taxes | 9903 | €164,524 | €197,649 | +€33,125 | +20.1% |
| Income taxes | 67/77 | €48,600 | €58,636 | +€10,036 | +20.7% |
| Profit (loss) for the period | 9904 | €115,924 | €139,013 | +€23,089 | +19.9% |
| Profit (loss) for the period to be appropriated | 9905 | €115,924 | €139,013 | +€23,089 | +19.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.