Tracs Systems: 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 Systems
Largest movements
- Cash +€346,457
up €346,457 (+270%), from €128,112 to €474,569
mainly Trade debts (+€247,352) and Contributions, distributions and other (+€200,200)
- Financial fixed assets +€75,971
up €75,971 (+15.5%), from €490,000 to €565,971
- Stocks and contracts +€69,381
up €69,381 (+17.7%), from €393,034 to €462,415
- Receivables within one year -€59,071
down €59,071 (-5.8%), from €1.0m to €951,048
of which Trade receivables: -€59,702
- Trade debts +€247,352
up €247,352 (+77.8%), from €317,777 to €565,130
- Contributions +€200,200
up €200,200 (+200%), from €100,000 to €300,200
of which Contributions outside capital: +€183,037
- Reserves -€36,890
down €36,890 (-30.0%), from €122,885 to €85,996
of which Distributable reserves: -€36,890
- Debts after one year -€33,870
down €33,870 (-4.8%), from €702,947 to €669,077
- Staff costs +€44,168
up €44,168 (+2.7%), from €1.7m to €1.7m
- Gross operating margin -€40,858
down €40,858 (-2.2%), from €1.8m to €1.8m
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 | €2,224,458 | €2,628,618 | +€404,160 | +18.2% |
| Fixed assets | 21/28 | €680,458 | €729,812 | +€49,354 | +7.3% |
| Intangible fixed assets | 21 | €45,012 | €32,973 | -€12,039 | -26.7% |
| Tangible fixed assets | 22/27 | €145,446 | €130,867 | -€14,579 | -10.0% |
| Furniture and vehicles | 24 | €16,151 | €9,040 | -€7,111 | -44.0% |
| Leasing and similar rights | 25 | €129,295 | €121,827 | -€7,467 | -5.8% |
| Financial fixed assets | 28 | €490,000 | €565,971 | +€75,971 | +15.5% |
| Current assets | 29/58 | €1,544,000 | €1,898,807 | +€354,806 | +23.0% |
| Stocks and contracts in progress | 3 | €393,034 | €462,415 | +€69,381 | +17.7% |
| Stocks | 30/36 | €393,034 | €462,415 | +€69,381 | +17.7% |
| Amounts receivable within one year | 40/41 | €1,010,119 | €951,048 | -€59,071 | -5.8% |
| Trade receivables | 40 | €1,010,119 | €950,417 | -€59,702 | -5.9% |
| Other amounts receivable | 41 | - | €631 | +€631 | |
| Cash at bank and in hand | 54/58 | €128,112 | €474,569 | +€346,457 | +270% |
| Deferred charges and accrued income | 490/1 | €12,736 | €10,775 | -€1,961 | -15.4% |
| Total equity and liabilities | 10/49 | €2,224,458 | €2,628,618 | +€404,160 | +18.2% |
| Equity | 10/15 | €222,885 | €386,196 | +€163,310 | +73.3% |
| Contributions | 10/11 | €100,000 | €300,200 | +€200,200 | +200% |
| Capital | 10 | €100,000 | €117,163 | +€17,163 | +17.2% |
| Issued capital | 100 | €100,000 | €117,163 | +€17,163 | +17.2% |
| Contributions outside capital | 11 | - | €183,037 | +€183,037 | |
| Share premium | 1100/10 | - | €183,037 | +€183,037 | |
| Reserves | 13 | €122,885 | €85,996 | -€36,890 | -30.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €112,885 | €75,996 | -€36,890 | -32.7% |
| Amounts payable | 17/49 | €2,001,573 | €2,242,423 | +€240,850 | +12.0% |
| Amounts payable after more than one year | 17 | €702,947 | €669,077 | -€33,870 | -4.8% |
| Financial debts | 170/4 | €702,947 | €669,077 | -€33,870 | -4.8% |
| Amounts payable within one year | 42/48 | €1,298,113 | €1,566,732 | +€268,619 | +20.7% |
| Current portion of amounts payable after more than one year | 42 | €693,378 | €693,870 | +€492 | +0.1% |
| Trade debts | 44 | €317,777 | €565,130 | +€247,352 | +77.8% |
| Suppliers | 440/4 | €317,777 | €565,130 | +€247,352 | +77.8% |
| Taxes, remuneration and social security | 45 | €286,958 | €307,733 | +€20,775 | +7.2% |
| Taxes | 450/3 | €52,230 | €54,775 | +€2,545 | +4.9% |
| Remuneration and social security | 454/9 | €234,728 | €252,957 | +€18,230 | +7.8% |
| Accrued charges and deferred income | 492/3 | €513 | €6,613 | +€6,100 | +1,189% |
| Non-recurring operating income | 76A | €166 | - | -€166 | |
| Remuneration, social security and pensions | 62 | €1,656,904 | €1,701,072 | +€44,168 | +2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,963 | €50,120 | -€4,843 | -8.8% |
| Other operating charges | 640/8 | €3,688 | €4,189 | +€501 | +13.6% |
| Non-recurring operating charges | 66A | €80,000 | €6,077 | -€73,923 | -92.4% |
| Gross operating margin | 9900 | €1,846,779 | €1,805,921 | -€40,858 | -2.2% |
| Operating profit (loss) | 9901 | €51,224 | €44,464 | -€6,760 | -13.2% |
| Financial income | 75/76B | €53 | €3,824 | +€3,770 | +7,060% |
| Recurring financial income | 75 | €53 | €3,824 | +€3,770 | +7,060% |
| Financial charges | 65/66B | €72,563 | €75,651 | +€3,088 | +4.3% |
| Recurring financial charges | 65 | €72,563 | €75,651 | +€3,088 | +4.3% |
| Profit (loss) for the period before taxes | 9903 | -€21,286 | -€27,364 | -€6,078 | -28.6% |
| Income taxes | 67/77 | €7,345 | €9,526 | +€2,181 | +29.7% |
| Profit (loss) for the period | 9904 | -€28,631 | -€36,890 | -€8,259 | -28.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€28,631 | -€36,890 | -€8,259 | -28.8% |
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 16 October 2026 via checked.be.