TRAIN2FIT: 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.
TRAIN2FIT
Largest movements
- Receivables within one year +€40,730
up €40,730 (+55.3%), from €73,644 to €114,374
of which Trade receivables: +€40,249
- Tangible fixed assets -€2,109
down €2,109 (-4.5%), from €46,754 to €44,646
of which Plant, machinery and equipment: -€4,456
- Trade debts +€31,539
up €31,539 (+99.3%), from €31,749 to €63,289
- Advances received +€17,489
up €17,489 (+34.8%), from €50,249 to €67,738
- Profit (loss) carried forward -€11,642
down €11,642 (-34.4%), from -€33,887 to -€45,529
- Other debts +€3,706
up €3,706 (+6.1%), from €60,949 to €64,655
- Accrued charges and deferred income -€3,000
no longer reported in 2025 (was €3,000)
- Gross operating margin +€787
up €787 (+69.9%), from €1,125 to €1,912
- Depreciation +€421
up €421 (+3.9%), from €10,874 to €11,295
- Other operating charges -€316
down €316 (-29.1%), from €1,089 to €772
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 | €130,660 | €168,753 | +€38,093 | +29.2% |
| Fixed assets | 21/28 | €47,354 | €45,246 | -€2,109 | -4.5% |
| Tangible fixed assets | 22/27 | €46,754 | €44,646 | -€2,109 | -4.5% |
| Plant, machinery and equipment | 23 | €30,617 | €26,160 | -€4,456 | -14.6% |
| Furniture and vehicles | 24 | €2,777 | €2,125 | -€652 | -23.5% |
| Other tangible fixed assets | 26 | €13,360 | €16,360 | +€3,000 | +22.5% |
| Financial fixed assets | 28 | €600 | €600 | = | 0.0% |
| Current assets | 29/58 | €83,305 | €123,507 | +€40,202 | +48.3% |
| Stocks and contracts in progress | 3 | €8,294 | €8,045 | -€249 | -3.0% |
| Stocks | 30/36 | €8,294 | €8,045 | -€249 | -3.0% |
| Amounts receivable within one year | 40/41 | €73,644 | €114,374 | +€40,730 | +55.3% |
| Trade receivables | 40 | €72,836 | €113,086 | +€40,249 | +55.3% |
| Other amounts receivable | 41 | €807 | €1,289 | +€481 | +59.6% |
| Cash at bank and in hand | 54/58 | €808 | €291 | -€517 | -64.0% |
| Deferred charges and accrued income | 490/1 | €560 | €798 | +€237 | +42.4% |
| Total equity and liabilities | 10/49 | €130,660 | €168,753 | +€38,093 | +29.2% |
| Equity | 10/15 | -€15,287 | -€26,929 | -€11,642 | -76.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€33,887 | -€45,529 | -€11,642 | -34.4% |
| Amounts payable | 17/49 | €145,946 | €195,682 | +€49,735 | +34.1% |
| Amounts payable within one year | 42/48 | €142,946 | €195,682 | +€52,735 | +36.9% |
| Trade debts | 44 | €31,749 | €63,289 | +€31,539 | +99.3% |
| Suppliers | 440/4 | €31,749 | €63,289 | +€31,539 | +99.3% |
| Advances received on contracts in progress | 46 | €50,249 | €67,738 | +€17,489 | +34.8% |
| Other amounts payable | 47/48 | €60,949 | €64,655 | +€3,706 | +6.1% |
| Accrued charges and deferred income | 492/3 | €3,000 | - | -€3,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,874 | €11,295 | +€421 | +3.9% |
| Other operating charges | 640/8 | €1,089 | €772 | -€316 | -29.1% |
| Gross operating margin | 9900 | €1,125 | €1,912 | +€787 | +69.9% |
| Operating profit (loss) | 9901 | -€10,837 | -€10,154 | +€683 | +6.3% |
| Financial income | 75/76B | €9 | €5 | -€4 | -46.4% |
| Recurring financial income | 75 | €9 | €5 | -€4 | -46.4% |
| Financial charges | 65/66B | €1,478 | €1,492 | +€14 | +1.0% |
| Recurring financial charges | 65 | €1,478 | €1,492 | +€14 | +1.0% |
| Profit (loss) for the period before taxes | 9903 | -€12,306 | -€11,642 | +€664 | +5.4% |
| Profit (loss) for the period | 9904 | -€12,306 | -€11,642 | +€664 | +5.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,306 | -€11,642 | +€664 | +5.4% |
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.