TRAX: 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.
What changed
TRAX
NACE 62.200, Computer consultancy and computer facilities management
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€4.5m
2024 · €13.8m-€9.3m
Equity
€21.5m
2024 · €17.0m+€4.5m
Cash
€2,825
2024 · €143,346-€140,521
Balance sheet total
€29.6m
2024 · €23.2m+€6.5m
Largest movements
Assets
- Receivables within one year +€6.0m
up €6.0m (+26.2%), from €22.9m to €28.9m
of which Other amounts receivable: +€5.3m
- Deferred charges and accrued income +€674,355
up €674,355 (+755.3%), from €89,289 to €763,643
Equity and liabilities
- Profit (loss) carried forward +€4.5m
up €4.5m (+32.7%), from €13.8m to €18.4m
- Other debts +€1.6m
up €1.6m (+55.8%), from €2.8m to €4.4m
- Trade debts +€358,746
up €358,746 (+253.8%), from €141,327 to €500,073
Income statement
- Services and other goods +€18.3m
up €18.3m (+69.7%), from €26.2m to €44.5m
- Taxes -€3.5m
down €3.5m (-64.7%), from €5.3m to €1.9m
of which Taxes: -€3.3m
- Other operating income +€3.4m
up €3.4m (+6.2%), from €55.0m to €58.5m
- Turnover +€2.1m
up €2.1m (+76.7%), from €2.8m to €4.9m
- Depreciation -€1.0m
down €1.0m (-96.5%), from €1.0m to €36,435
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
€13.8m
Turnover
+€2.1m
Other operating income
+€3.4m
Goods and materials
-€440,286
Services and other goods
-€18.3m
Staff costs
-€834,809
Depreciation
+€1.0m
Write-downs
+€59,227
Other operating charges
-€59,307
Other operating items
+€721,977
Financial income
-€282,591
Financial charges
-€203,873
Taxes
+€3.5m
Result 2025
€4.5m
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
-€139,838
Investment
-€683
Financing
€0
Cash 2024
€143,346
From operations (derived)
-€139,838
Net result for the year
+€4.5m
Depreciation
+€36,435
Receivables within one year
-€6.0m
Deferred charges and accrued income
-€674,355
Trade debts
+€358,746
Tax, wage and social debts
-€127,042
Other debts
+€1.6m
Accrued charges and deferred income
+€145,227
Investment (derived)
-€683
Investment in fixed assets (net)
-€683
Cash 2025
€2,825
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €23,155,128 | €29,648,445 | +€6.5m | +28.0% |
| Fixed assets | 21/28 | €64,294 | €28,542 | -€35,752 | -55.6% |
| Intangible fixed assets | 21 | €1,376 | €503 | -€873 | -63.5% |
| Tangible fixed assets | 22/27 | €62,918 | €28,039 | -€34,880 | -55.4% |
| Plant, machinery and equipment | 23 | €62,918 | €28,039 | -€34,880 | -55.4% |
| Current assets | 29/58 | €23,090,834 | €29,619,904 | +€6.5m | +28.3% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €22,858,199 | €28,853,435 | +€6.0m | +26.2% |
| Trade receivables | 40 | €1,365,663 | €2,032,295 | +€666,632 | +48.8% |
| Other amounts receivable | 41 | €21,492,537 | €26,821,140 | +€5.3m | +24.8% |
| Cash at bank and in hand | 54/58 | €143,346 | €2,825 | -€140,521 | -98.0% |
| Deferred charges and accrued income | 490/1 | €89,289 | €763,643 | +€674,355 | +755.3% |
| Total equity and liabilities | 10/49 | €23,155,128 | €29,648,445 | +€6.5m | +28.0% |
| Equity | 10/15 | €16,995,186 | €21,525,116 | +€4.5m | +26.7% |
| Contributions | 10/11 | €2,862,620 | €2,862,620 | = | 0.0% |
| Reserves | 13 | €286,262 | €286,262 | = | 0.0% |
| Distributable reserves | 133 | €286,262 | €286,262 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,846,304 | €18,376,234 | +€4.5m | +32.7% |
| Amounts payable | 17/49 | €6,159,942 | €8,123,330 | +€2.0m | +31.9% |
| Amounts payable within one year | 42/48 | €5,216,059 | €7,034,219 | +€1.8m | +34.9% |
| Trade debts | 44 | €141,327 | €500,073 | +€358,746 | +253.8% |
| Suppliers | 440/4 | €141,327 | €500,073 | +€358,746 | +253.8% |
| Taxes, remuneration and social security | 45 | €2,230,885 | €2,103,843 | -€127,042 | -5.7% |
| Taxes | 450/3 | €409,538 | €811,418 | +€401,880 | +98.1% |
| Remuneration and social security | 454/9 | €1,821,347 | €1,292,426 | -€528,921 | -29.0% |
| Other amounts payable | 47/48 | €2,843,846 | €4,430,303 | +€1.6m | +55.8% |
| Accrued charges and deferred income | 492/3 | €943,883 | €1,089,110 | +€145,227 | +15.4% |
| Operating income | 70/76A | €57,800,190 | €63,354,219 | +€5.6m | +9.6% |
| Turnover | 70 | €2,758,282 | €4,872,711 | +€2.1m | +76.7% |
| Other operating income | 74 | €55,041,908 | €58,481,507 | +€3.4m | +6.2% |
| Operating charges | 60/66A | €39,052,375 | €56,892,905 | +€17.8m | +45.7% |
| Goods for resale, raw materials and consumables | 60 | €859,084 | €1,299,371 | +€440,286 | +51.3% |
| Purchases | 600/8 | €859,084 | €1,299,371 | +€440,286 | +51.3% |
| Services and other goods | 61 | €26,240,896 | €44,533,670 | +€18.3m | +69.7% |
| Remuneration, social security and pensions | 62 | €10,086,315 | €10,921,125 | +€834,809 | +8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,041,878 | €36,435 | -€1.0m | -96.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €37,946 | -€21,281 | -€59,227 | |
| Other operating charges | 640/8 | €64,278 | €123,585 | +€59,307 | +92.3% |
| Non-recurring operating charges | 66A | €721,977 | €0 | -€721,977 | -100.0% |
| Operating profit (loss) | 9901 | €18,747,814 | €6,461,314 | -€12.3m | -65.5% |
| Financial income | 75/76B | €567,240 | €284,649 | -€282,591 | -49.8% |
| Recurring financial income | 75 | €567,240 | €284,649 | -€282,591 | -49.8% |
| Income from current assets | 751 | €428,065 | €284,649 | -€143,416 | -33.5% |
| Other financial income | 752/9 | €139,175 | €0 | -€139,175 | -100.0% |
| Financial charges | 65/66B | €126,460 | €330,334 | +€203,873 | +161.2% |
| Recurring financial charges | 65 | €126,460 | €330,334 | +€203,873 | +161.2% |
| Other financial charges | 652/9 | €126,460 | €330,334 | +€203,873 | +161.2% |
| Profit (loss) for the period before taxes | 9903 | €19,188,593 | €6,415,629 | -€12.8m | -66.6% |
| Income taxes | 67/77 | €5,342,289 | €1,885,700 | -€3.5m | -64.7% |
| Taxes | 670/3 | €5,342,289 | €1,999,311 | -€3.3m | -62.6% |
| Tax adjustments and reversals of tax provisions | 77 | - | €113,611 | +€113,611 | |
| Profit (loss) for the period | 9904 | €13,846,304 | €4,529,929 | -€9.3m | -67.3% |
| Profit (loss) for the period to be appropriated | 9905 | €13,846,304 | €4,529,929 | -€9.3m | -67.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.