TRAJECTUM: 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.
TRAJECTUM
Largest movements
- Tangible fixed assets -€18,774
down €18,774 (-28.3%), from €66,371 to €47,597
of which Furniture and vehicles: -€18,521
- Receivables within one year -€18,745
down €18,745 (-27.1%), from €69,130 to €50,385
of which Trade receivables: -€23,840
- Cash +€15,396
up €15,396 (+26.7%), from €57,558 to €72,954
mainly Net result for the year (+€22,591) and Depreciation (+€18,774)
- Stocks and contracts -€5,560
down €5,560 (-13.1%), from €42,420 to €36,860
- Deferred charges and accrued income -€4,590
down €4,590 (-99.1%), from €4,634 to €44
- Accrued charges and deferred income -€30,948
down €30,948 (-58.5%), from €52,870 to €21,922
- Profit (loss) carried forward +€22,591
up €22,591 (+20.5%), from -€110,118 to -€87,527
- Debts after one year -€12,020
down €12,020 (-17.9%), from €67,298 to €55,279
- Trade debts -€9,479
down €9,479 (-62.7%), from €15,107 to €5,628
- Tax, wage and social debts -€3,475
down €3,475 (-17.6%), from €19,771 to €16,296
- Staff costs -€25,111
down €25,111, from €25,051 to -€59
- Gross operating margin -€19,039
down €19,039 (-29.2%), from €65,293 to €46,254
- Financial income -€888
down €888 (-37.7%), from €2,351 to €1,464
of which Non-recurring financial income: -€1,658
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 | €324,549 | €293,349 | -€31,200 | -9.6% |
| Fixed assets | 21/28 | €66,471 | €47,697 | -€18,774 | -28.2% |
| Intangible fixed assets | 21 | €100 | €100 | = | 0.0% |
| Tangible fixed assets | 22/27 | €66,371 | €47,597 | -€18,774 | -28.3% |
| Plant, machinery and equipment | 23 | €2,353 | €2,100 | -€253 | -10.7% |
| Furniture and vehicles | 24 | €64,018 | €45,497 | -€18,521 | -28.9% |
| Current assets | 29/58 | €258,078 | €245,651 | -€12,426 | -4.8% |
| Stocks and contracts in progress | 3 | €42,420 | €36,860 | -€5,560 | -13.1% |
| Stocks | 30/36 | €42,420 | €36,860 | -€5,560 | -13.1% |
| Amounts receivable within one year | 40/41 | €69,130 | €50,385 | -€18,745 | -27.1% |
| Trade receivables | 40 | €68,846 | €45,007 | -€23,840 | -34.6% |
| Other amounts receivable | 41 | €284 | €5,378 | +€5,095 | +1,796% |
| Current investments | 50/53 | €84,335 | €85,408 | +€1,073 | +1.3% |
| Cash at bank and in hand | 54/58 | €57,558 | €72,954 | +€15,396 | +26.7% |
| Deferred charges and accrued income | 490/1 | €4,634 | €44 | -€4,590 | -99.1% |
| Total equity and liabilities | 10/49 | €324,549 | €293,349 | -€31,200 | -9.6% |
| Equity | 10/15 | €51,731 | €74,322 | +€22,591 | +43.7% |
| Contributions | 10/11 | €118,600 | €118,600 | = | 0.0% |
| Reserves | 13 | €43,249 | €43,249 | = | 0.0% |
| Distributable reserves | 133 | €43,249 | €43,249 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€110,118 | -€87,527 | +€22,591 | +20.5% |
| Amounts payable | 17/49 | €272,818 | €219,027 | -€53,791 | -19.7% |
| Amounts payable after more than one year | 17 | €67,298 | €55,279 | -€12,020 | -17.9% |
| Financial debts | 170/4 | €67,298 | €55,279 | -€12,020 | -17.9% |
| Amounts payable within one year | 42/48 | €152,650 | €141,826 | -€10,823 | -7.1% |
| Current portion of amounts payable after more than one year | 42 | €11,482 | €12,020 | +€537 | +4.7% |
| Trade debts | 44 | €15,107 | €5,628 | -€9,479 | -62.7% |
| Suppliers | 440/4 | €15,107 | €5,628 | -€9,479 | -62.7% |
| Taxes, remuneration and social security | 45 | €19,771 | €16,296 | -€3,475 | -17.6% |
| Taxes | 450/3 | €19,771 | €16,296 | -€3,475 | -17.6% |
| Other amounts payable | 47/48 | €106,289 | €107,883 | +€1,594 | +1.5% |
| Accrued charges and deferred income | 492/3 | €52,870 | €21,922 | -€30,948 | -58.5% |
| Remuneration, social security and pensions | 62 | €25,051 | -€59 | -€25,111 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,252 | €18,774 | +€522 | +2.9% |
| Other operating charges | 640/8 | €772 | €630 | -€142 | -18.4% |
| Gross operating margin | 9900 | €65,293 | €46,254 | -€19,039 | -29.2% |
| Operating profit (loss) | 9901 | €21,217 | €26,910 | +€5,693 | +26.8% |
| Financial income | 75/76B | €2,351 | €1,464 | -€888 | -37.7% |
| Recurring financial income | 75 | €693 | €1,464 | +€770 | +111% |
| Non-recurring financial income | 76B | €1,658 | - | -€1,658 | |
| Financial charges | 65/66B | €5,935 | €5,554 | -€381 | -6.4% |
| Recurring financial charges | 65 | €5,935 | €5,554 | -€381 | -6.4% |
| Profit (loss) for the period before taxes | 9903 | €17,634 | €22,820 | +€5,186 | +29.4% |
| Income taxes | 67/77 | €224 | €229 | +€5 | +2.1% |
| Profit (loss) for the period | 9904 | €17,409 | €22,591 | +€5,181 | +29.8% |
| Profit (loss) for the period to be appropriated | 9905 | €17,409 | €22,591 | +€5,181 | +29.8% |
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 13 October 2026 via checked.be.