Traject-EM: what changed
Two fiscal 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.
Traject-EM
Largest movements
- Cash -€26,942
down €26,942 (-83.8%), from €32,145 to €5,203
mainly Net result for the year (-€38,028) and Trade debts (-€21,014)
- Tangible fixed assets -€15,641
down €15,641 (-21.8%), from €71,711 to €56,069
- Profit (loss) carried forward -€38,028
down €38,028 (-51.7%), from -€73,504 to -€111,532
- Trade debts -€21,014
down €21,014 (-77.8%), from €27,007 to €5,993
- Other debts +€19,550
up €19,550 (+14.0%), from €139,677 to €159,227
- Tax, wage and social debts -€4,194
down €4,194 (-81.6%), from €5,141 to €948
- Taxes +€19,306
up €19,306 (+6842.3%), from €282 to €19,588
- Financial income -€10,980
down €10,980 (-100.0%), from €10,980 to €0
of which Non-recurring financial income: -€10,980
- Depreciation +€9,145
up €9,145 (+140.8%), from €6,496 to €15,641
- Gross operating margin -€5,212
down €5,212, from €3,906 to -€1,306
- Other operating charges +€483
up €483 (+55.8%), from €865 to €1,348
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 | €116,921 | €73,236 | -€43,685 | -37.4% |
| Fixed assets | 21/28 | €74,711 | €59,069 | -€15,641 | -20.9% |
| Tangible fixed assets | 22/27 | €71,711 | €56,069 | -€15,641 | -21.8% |
| Furniture and vehicles | 24 | €71,711 | €56,069 | -€15,641 | -21.8% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €42,210 | €14,166 | -€28,044 | -66.4% |
| Amounts receivable within one year | 40/41 | €8,151 | €7,182 | -€969 | -11.9% |
| Trade receivables | 40 | €6,832 | €5,863 | -€969 | -14.2% |
| Other amounts receivable | 41 | €1,319 | €1,319 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €32,145 | €5,203 | -€26,942 | -83.8% |
| Deferred charges and accrued income | 490/1 | €1,914 | €1,781 | -€133 | -7.0% |
| Total equity and liabilities | 10/49 | €116,921 | €73,236 | -€43,685 | -37.4% |
| Equity | 10/15 | -€54,904 | -€92,932 | -€38,028 | -69.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€73,504 | -€111,532 | -€38,028 | -51.7% |
| Amounts payable | 17/49 | €171,825 | €166,167 | -€5,658 | -3.3% |
| Amounts payable within one year | 42/48 | €171,825 | €166,167 | -€5,658 | -3.3% |
| Trade debts | 44 | €27,007 | €5,993 | -€21,014 | -77.8% |
| Suppliers | 440/4 | €27,007 | €5,993 | -€21,014 | -77.8% |
| Taxes, remuneration and social security | 45 | €5,141 | €948 | -€4,194 | -81.6% |
| Taxes | 450/3 | €5,141 | €948 | -€4,194 | -81.6% |
| Other amounts payable | 47/48 | €139,677 | €159,227 | +€19,550 | +14.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,496 | €15,641 | +€9,145 | +140.8% |
| Other operating charges | 640/8 | €865 | €1,348 | +€483 | +55.8% |
| Non-recurring operating charges | 66A | €63 | €0 | -€63 | -100.0% |
| Gross operating margin | 9900 | €3,906 | -€1,306 | -€5,212 | |
| Operating profit (loss) | 9901 | -€3,518 | -€18,295 | -€14,777 | -420.0% |
| Financial income | 75/76B | €10,980 | €0 | -€10,980 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Non-recurring financial income | 76B | €10,980 | €0 | -€10,980 | -100.0% |
| Financial charges | 65/66B | €160 | €144 | -€15 | -9.7% |
| Recurring financial charges | 65 | €160 | €144 | -€15 | -9.7% |
| Profit (loss) for the period before taxes | 9903 | €7,302 | -€18,440 | -€25,742 | |
| Income taxes | 67/77 | €282 | €19,588 | +€19,306 | +6842.3% |
| Profit (loss) for the period | 9904 | €7,020 | -€38,028 | -€45,047 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,020 | -€38,028 | -€45,047 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.