TrajectX: 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.
TrajectX
Largest movements
- Cash -€6,673
down €6,673 (-23.8%), from €28,054 to €21,381
mainly Net result for the year (-€5,866) and Other debts (-€2,367)
- Intangible fixed assets -€1,558
down €1,558 (-42.2%), from €3,692 to €2,134
- Receivables within one year -€1,182
down €1,182 (-34.1%), from €3,470 to €2,288
of which Trade receivables: -€2,095
- Reserves -€5,866
down €5,866 (-21.0%), from €27,879 to €22,013
- Other debts -€2,367
no longer reported in 2025 (was €2,367)
- Trade debts -€870
down €870 (-95.8%), from €908 to €38
- Debts after one year -€403
down €403 (-49.8%), from €809 to €406
- Gross operating margin -€15,939
down €15,939, from €12,360 to -€3,579
- Other operating charges +€563
up €563 (+882.9%), from €64 to €627
- Depreciation +€485
up €485 (+45.2%), from €1,073 to €1,558
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 | €35,362 | €25,865 | -€9,497 | -26.9% |
| Fixed assets | 21/28 | €3,692 | €2,134 | -€1,558 | -42.2% |
| Intangible fixed assets | 21 | €3,692 | €2,134 | -€1,558 | -42.2% |
| Current assets | 29/58 | €31,670 | €23,731 | -€7,939 | -25.1% |
| Amounts receivable within one year | 40/41 | €3,470 | €2,288 | -€1,182 | -34.1% |
| Trade receivables | 40 | €2,397 | €303 | -€2,095 | -87.4% |
| Other amounts receivable | 41 | €1,072 | €1,985 | +€913 | +85.1% |
| Cash at bank and in hand | 54/58 | €28,054 | €21,381 | -€6,673 | -23.8% |
| Deferred charges and accrued income | 490/1 | €147 | €62 | -€85 | -57.7% |
| Total equity and liabilities | 10/49 | €35,362 | €25,865 | -€9,497 | -26.9% |
| Equity | 10/15 | €30,879 | €25,013 | -€5,866 | -19.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €27,879 | €22,013 | -€5,866 | -21.0% |
| Distributable reserves | 133 | €27,879 | €22,013 | -€5,866 | -21.0% |
| Amounts payable | 17/49 | €4,484 | €852 | -€3,632 | -81.0% |
| Amounts payable after more than one year | 17 | €809 | €406 | -€403 | -49.8% |
| Financial debts | 170/4 | €809 | €406 | -€403 | -49.8% |
| Amounts payable within one year | 42/48 | €3,675 | €446 | -€3,229 | -87.9% |
| Financial debts | 43 | €400 | €403 | +€3 | +0.8% |
| Other loans | 439 | €400 | €403 | +€3 | +0.8% |
| Trade debts | 44 | €908 | €38 | -€870 | -95.8% |
| Suppliers | 440/4 | €908 | €38 | -€870 | -95.8% |
| Taxes, remuneration and social security | 45 | - | €5 | +€5 | |
| Taxes | 450/3 | - | €5 | +€5 | |
| Other amounts payable | 47/48 | €2,367 | - | -€2,367 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,073 | €1,558 | +€485 | +45.2% |
| Other operating charges | 640/8 | €64 | €627 | +€563 | +882.9% |
| Gross operating margin | 9900 | €12,360 | -€3,579 | -€15,939 | |
| Operating profit (loss) | 9901 | €11,223 | -€5,764 | -€16,988 | |
| Financial income | 75/76B | €2 | €0 | -€2 | -98.2% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -98.2% |
| Financial charges | 65/66B | €190 | €101 | -€89 | -46.7% |
| Recurring financial charges | 65 | €190 | €101 | -€89 | -46.7% |
| Profit (loss) for the period before taxes | 9903 | €11,036 | -€5,866 | -€16,902 | |
| Profit (loss) for the period | 9904 | €11,036 | -€5,866 | -€16,902 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,036 | -€5,866 | -€16,902 |
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 12 October 2026 via checked.be.