TRAJECT: 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.
What changed
TRAJECT
NACE 82.990, Other business support services
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€405,504
2024 · €278,533-€684,036
Equity
€589,394
2024 · €994,897-€405,504
Cash
€394,969
2024 · €519,035-€124,066
Balance sheet total
€1.6m
2024 · €2.6m-€923,771
Largest movements
Assets
- Receivables within one year -€685,667
down €685,667 (-39.0%), from €1.8m to €1.1m
of which Trade receivables: -€777,906
- Cash -€124,066
down €124,066 (-23.9%), from €519,035 to €394,969
mainly Net result for the year (-€405,504) and Tax, wage and social debts (-€180,946)
- Tangible fixed assets -€111,250
down €111,250 (-62.6%), from €177,626 to €66,376
of which Other tangible fixed assets: -€84,510
Equity and liabilities
- Reserves -€405,504
down €405,504 (-51.8%), from €783,397 to €377,894
of which Distributable reserves: -€405,504
- Tax, wage and social debts -€180,946
down €180,946 (-28.4%), from €636,939 to €455,993
of which Taxes: -€101,222
- Provisions +€177,625
new in 2025: €177,625
- Trade debts -€155,262
down €155,262 (-44.7%), from €347,517 to €192,256
- Accrued charges and deferred income -€138,453
down €138,453 (-63.5%), from €217,966 to €79,513
Income statement
- Turnover -€1.0m
down €1.0m (-25.1%), from €4.1m to €3.1m
- Staff costs -€206,928
down €206,928 (-7.9%), from €2.6m to €2.4m
- Provisions +€177,625
new in 2025: €177,625
- Goods and materials -€156,141
down €156,141 (-40.5%), from €385,714 to €229,573
- Taxes -€114,136
down €114,136 (-99.5%), from €114,704 to €568
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.
Result 2024
€278,533
Turnover
-€1.0m
Other operating income
+€64,482
Goods and materials
+€156,141
Services and other goods
+€47,087
Staff costs
+€206,928
Depreciation
+€7,871
Provisions
-€177,625
Other operating charges
+€380
Other operating items
-€77,263
Financial income
+€685
Financial charges
+€3,894
Taxes
+€114,136
Result 2025
-€405,504
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.
From operations
-€106,998
Investment
+€86,424
Financing
-€103,492
Cash 2024
€519,035
From operations (derived)
-€106,998
Net result for the year
-€405,504
Depreciation
+€47,240
Receivables within one year
+€685,667
Deferred charges and accrued income
-€19,626
Provisions
+€177,625
Trade debts
-€155,262
Tax, wage and social debts
-€180,946
Other debts
-€117,740
Accrued charges and deferred income
-€138,453
Investment (derived)
+€86,424
Investment in fixed assets (net)
+€86,424
Financing
-€103,492
Current portion of long-term debt
-€17,500
Short-term financial debts
-€85,992
Cash 2025
€394,969
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,572,348 | €1,648,577 | -€923,771 | -35.9% |
| Fixed assets | 21/28 | €265,980 | €132,316 | -€133,665 | -50.3% |
| Intangible fixed assets | 21 | €1,634 | €0 | -€1,634 | -100.0% |
| Tangible fixed assets | 22/27 | €177,626 | €66,376 | -€111,250 | -62.6% |
| Plant, machinery and equipment | 23 | €19,335 | €14,460 | -€4,876 | -25.2% |
| Furniture and vehicles | 24 | €73,781 | €51,916 | -€21,865 | -29.6% |
| Other tangible fixed assets | 26 | €84,510 | €0 | -€84,510 | -100.0% |
| Financial fixed assets | 28 | €86,720 | €65,940 | -€20,780 | -24.0% |
| Other financial fixed assets | 284/8 | €86,720 | €65,940 | -€20,780 | -24.0% |
| Amounts receivable and cash guarantees | 285/8 | €86,720 | €65,940 | -€20,780 | -24.0% |
| Current assets | 29/58 | €2,306,368 | €1,516,261 | -€790,107 | -34.3% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €1,757,222 | €1,071,555 | -€685,667 | -39.0% |
| Trade receivables | 40 | €1,744,397 | €966,491 | -€777,906 | -44.6% |
| Other amounts receivable | 41 | €12,824 | €105,064 | +€92,239 | +719.2% |
| Cash at bank and in hand | 54/58 | €519,035 | €394,969 | -€124,066 | -23.9% |
| Deferred charges and accrued income | 490/1 | €30,111 | €49,737 | +€19,626 | +65.2% |
| Total equity and liabilities | 10/49 | €2,572,348 | €1,648,577 | -€923,771 | -35.9% |
| Equity | 10/15 | €994,897 | €589,394 | -€405,504 | -40.8% |
| Contributions | 10/11 | €211,500 | €211,500 | = | 0.0% |
| Capital | 10 | €211,500 | €211,500 | = | 0.0% |
| Issued capital | 100 | €211,500 | €211,500 | = | 0.0% |
| Reserves | 13 | €783,397 | €377,894 | -€405,504 | -51.8% |
| Non-distributable reserves | 130/1 | €21,150 | €21,150 | = | 0.0% |
| Legal reserve | 130 | €21,150 | €21,150 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,589 | €4,589 | = | 0.0% |
| Distributable reserves | 133 | €757,659 | €352,155 | -€405,504 | -53.5% |
| Provisions and deferred taxes | 16 | - | €177,625 | +€177,625 | |
| Provisions for liabilities and charges | 160/5 | - | €177,625 | +€177,625 | |
| Other liabilities and charges | 164/5 | - | €177,625 | +€177,625 | |
| Amounts payable | 17/49 | €1,577,451 | €881,558 | -€695,893 | -44.1% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Credit institutions | 173 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €1,359,485 | €802,045 | -€557,440 | -41.0% |
| Current portion of amounts payable after more than one year | 42 | €17,500 | €0 | -€17,500 | -100.0% |
| Financial debts | 43 | €233,695 | €147,703 | -€85,992 | -36.8% |
| Credit institutions | 430/8 | €233,695 | €147,703 | -€85,992 | -36.8% |
| Trade debts | 44 | €347,517 | €192,256 | -€155,262 | -44.7% |
| Suppliers | 440/4 | €347,517 | €192,256 | -€155,262 | -44.7% |
| Taxes, remuneration and social security | 45 | €636,939 | €455,993 | -€180,946 | -28.4% |
| Taxes | 450/3 | €281,595 | €180,374 | -€101,222 | -35.9% |
| Remuneration and social security | 454/9 | €355,343 | €275,619 | -€79,724 | -22.4% |
| Other amounts payable | 47/48 | €123,833 | €6,093 | -€117,740 | -95.1% |
| Accrued charges and deferred income | 492/3 | €217,966 | €79,513 | -€138,453 | -63.5% |
| Operating income | 70/76A | €4,167,959 | €3,201,689 | -€966,270 | -23.2% |
| Turnover | 70 | €4,110,321 | €3,079,569 | -€1.0m | -25.1% |
| Other operating income | 74 | €57,638 | €122,120 | +€64,482 | +111.9% |
| Operating charges | 60/66A | €3,766,745 | €3,603,227 | -€163,518 | -4.3% |
| Goods for resale, raw materials and consumables | 60 | €385,714 | €229,573 | -€156,141 | -40.5% |
| Purchases | 600/8 | €385,714 | €229,573 | -€156,141 | -40.5% |
| Services and other goods | 61 | €680,152 | €633,065 | -€47,087 | -6.9% |
| Remuneration, social security and pensions | 62 | €2,631,486 | €2,424,559 | -€206,928 | -7.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,111 | €47,240 | -€7,871 | -14.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €177,625 | +€177,625 | |
| Other operating charges | 640/8 | €14,281 | €13,901 | -€380 | -2.7% |
| Non-recurring operating charges | 66A | - | €77,263 | +€77,263 | |
| Operating profit (loss) | 9901 | €401,214 | -€401,538 | -€802,752 | |
| Financial income | 75/76B | €1,475 | €2,160 | +€685 | +46.4% |
| Recurring financial income | 75 | €1,475 | €2,160 | +€685 | +46.4% |
| Income from current assets | 751 | €1,205 | €2,155 | +€951 | +78.9% |
| Other financial income | 752/9 | €270 | €5 | -€266 | -98.3% |
| Financial charges | 65/66B | €9,452 | €5,558 | -€3,894 | -41.2% |
| Recurring financial charges | 65 | €9,452 | €5,558 | -€3,894 | -41.2% |
| Debt charges | 650 | €8,981 | €4,462 | -€4,519 | -50.3% |
| Other financial charges | 652/9 | €471 | €1,096 | +€625 | +132.5% |
| Profit (loss) for the period before taxes | 9903 | €393,237 | -€404,935 | -€798,172 | |
| Income taxes | 67/77 | €114,704 | €568 | -€114,136 | -99.5% |
| Taxes | 670/3 | €114,704 | €568 | -€114,136 | -99.5% |
| Profit (loss) for the period | 9904 | €278,533 | -€405,504 | -€684,036 | |
| Profit (loss) for the period to be appropriated | 9905 | €278,533 | -€405,504 | -€684,036 |
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.