Traxbel: 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
Traxbel
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.9m
2024 · €2.3m-€348,825
Equity
€3.5m
2024 · €4.1m-€563,250
Cash
-
not filed
Balance sheet total
€10.1m
2024 · €10.5m-€412,406
Largest movements
Assets
- Receivables within one year -€644,253
down €644,253 (-15.4%), from €4.2m to €3.5m
of which Trade receivables: -€416,384
- Intangible fixed assets +€123,137
up €123,137 (+3.5%), from €3.5m to €3.7m
Equity and liabilities
- Profit (loss) carried forward -€563,250
down €563,250 (-18.5%), from €3.0m to €2.5m
- Other debts +€210,073
up €210,073 (+4.5%), from €4.6m to €4.9m
Income statement
- Turnover -€479,463
down €479,463 (-12.5%), from €3.8m to €3.3m
- Taxes -€150,268
down €150,268 (-93.0%), from €161,508 to €11,239
of which Taxes: -€143,463
- Other operating income +€49,742
up €49,742 (+299%), from €16,660 to €66,401
- Depreciation +€43,978
up €43,978 (+5.6%), from €783,743 to €827,722
- Staff costs +€42,567
up €42,567 (+13.5%), from €314,364 to €356,931
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
€2.3m
Turnover
-€479,463
Other operating income
+€49,742
Services and other goods
-€10,291
Staff costs
-€42,567
Depreciation
-€43,978
Other operating charges
+€72
Other operating items
-€2,268
Financial income
-€2
Financial charges
+€29,662
Taxes
+€150,268
Result 2025
€1.9m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,511,342 | €10,098,936 | -€412,406 | -3.9% |
| Fixed assets | 21/28 | €6,321,600 | €6,554,562 | +€232,962 | +3.7% |
| Intangible fixed assets | 21 | €3,539,321 | €3,662,458 | +€123,137 | +3.5% |
| Tangible fixed assets | 22/27 | €1,311,592 | €1,399,201 | +€87,609 | +6.7% |
| Land and buildings | 22 | €1,255,224 | €1,337,190 | +€81,966 | +6.5% |
| Furniture and vehicles | 24 | €56,368 | €62,011 | +€5,643 | +10.0% |
| Financial fixed assets | 28 | €1,470,687 | €1,492,904 | +€22,217 | +1.5% |
| Affiliated companies | 280/1 | €1,470,687 | €1,492,904 | +€22,217 | +1.5% |
| Participating interests | 280 | €1,470,687 | €1,492,904 | +€22,217 | +1.5% |
| Current assets | 29/58 | €4,189,742 | €3,544,374 | -€645,368 | -15.4% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €4,182,032 | €3,537,779 | -€644,253 | -15.4% |
| Trade receivables | 40 | €3,732,496 | €3,316,112 | -€416,384 | -11.2% |
| Other amounts receivable | 41 | €449,536 | €221,667 | -€227,869 | -50.7% |
| Deferred charges and accrued income | 490/1 | €7,710 | €6,595 | -€1,115 | -14.5% |
| Total equity and liabilities | 10/49 | €10,511,342 | €10,098,936 | -€412,406 | -3.9% |
| Equity | 10/15 | €4,076,995 | €3,513,745 | -€563,250 | -13.8% |
| Contributions | 10/11 | €1,000,000 | €1,000,000 | = | 0.0% |
| Reserves | 13 | €27,999 | €27,999 | = | 0.0% |
| Distributable reserves | 133 | €27,999 | €27,999 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,048,996 | €2,485,746 | -€563,250 | -18.5% |
| Amounts payable | 17/49 | €6,434,347 | €6,585,191 | +€150,844 | +2.3% |
| Amounts payable after more than one year | 17 | €817,823 | €734,490 | -€83,333 | -10.2% |
| Financial debts | 170/4 | €817,823 | €734,490 | -€83,333 | -10.2% |
| Credit institutions | 173 | €817,823 | €734,490 | -€83,333 | -10.2% |
| Amounts payable within one year | 42/48 | €5,616,524 | €5,850,701 | +€234,177 | +4.2% |
| Current portion of amounts payable after more than one year | 42 | €81,777 | €83,333 | +€1,556 | +1.9% |
| Financial debts | 43 | €0 | €741 | +€741 | |
| Credit institutions | 430/8 | €0 | €741 | +€741 | |
| Trade debts | 44 | €105,056 | €102,128 | -€2,928 | -2.8% |
| Suppliers | 440/4 | €105,056 | €102,128 | -€2,928 | -2.8% |
| Taxes, remuneration and social security | 45 | €784,175 | €808,911 | +€24,735 | +3.2% |
| Taxes | 450/3 | €750,000 | €761,680 | +€11,680 | +1.6% |
| Remuneration and social security | 454/9 | €34,175 | €47,231 | +€13,055 | +38.2% |
| Other amounts payable | 47/48 | €4,645,516 | €4,855,589 | +€210,073 | +4.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Operating income | 70/76A | €3,842,167 | €3,412,445 | -€429,722 | -11.2% |
| Turnover | 70 | €3,825,507 | €3,346,043 | -€479,463 | -12.5% |
| Other operating income | 74 | €16,660 | €66,401 | +€49,742 | +299% |
| Operating charges | 60/66A | €1,311,930 | €1,410,962 | +€99,032 | +7.5% |
| Services and other goods | 61 | €199,922 | €210,213 | +€10,291 | +5.1% |
| Remuneration, social security and pensions | 62 | €314,364 | €356,931 | +€42,567 | +13.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €783,743 | €827,722 | +€43,978 | +5.6% |
| Other operating charges | 640/8 | €13,901 | €13,829 | -€72 | -0.5% |
| Non-recurring operating charges | 66A | - | €2,268 | +€2,268 | |
| Operating profit (loss) | 9901 | €2,530,236 | €2,001,483 | -€528,753 | -20.9% |
| Financial income | 75/76B | €3 | €2 | -€2 | -52.1% |
| Recurring financial income | 75 | €3 | €2 | -€2 | -52.1% |
| Other financial income | 752/9 | €3 | €2 | -€2 | -52.1% |
| Financial charges | 65/66B | €83,157 | €53,495 | -€29,662 | -35.7% |
| Recurring financial charges | 65 | €61,898 | €53,495 | -€8,402 | -13.6% |
| Debt charges | 650 | €61,003 | €16,281 | -€44,722 | -73.3% |
| Other financial charges | 652/9 | €894 | €37,214 | +€36,320 | +4,062% |
| Non-recurring financial charges | 66B | €21,259 | €0 | -€21,259 | -100% |
| Profit (loss) for the period before taxes | 9903 | €2,447,083 | €1,947,989 | -€499,093 | -20.4% |
| Income taxes | 67/77 | €161,508 | €11,239 | -€150,268 | -93.0% |
| Taxes | 670/3 | €161,508 | €18,045 | -€143,463 | -88.8% |
| Tax adjustments and reversals of tax provisions | 77 | - | €6,805 | +€6,805 | |
| Profit (loss) for the period | 9904 | €2,285,575 | €1,936,750 | -€348,825 | -15.3% |
| Profit (loss) for the period to be appropriated | 9905 | €2,285,575 | €1,936,750 | -€348,825 | -15.3% |
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 23 October 2026 via checked.be.