TRAXGO: 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.
TRAXGO
Largest movements
- Financial fixed assets +€3.8m
up €3.8m (+181332.0%), from €2,104 to €3.8m
- Receivables within one year +€1.2m
up €1.2m (+104.3%), from €1.1m to €2.3m
of which Other amounts receivable: +€1.3m
- Intangible fixed assets -€478,161
down €478,161 (-26.6%), from €1.8m to €1.3m
- Debts after one year +€5.3m
up €5.3m (+582.2%), from €905,095 to €6.2m
of which Financial debts: +€5.3m
- Reserves -€407,898
down €407,898 (-59.9%), from €681,117 to €273,219
of which Distributable reserves: -€407,898
- Advances received -€331,589
down €331,589 (-23.0%), from €1.4m to €1.1m
- Trade debts -€172,507
down €172,507 (-54.7%), from €315,644 to €143,137
- Tax, wage and social debts +€169,426
up €169,426 (+89.4%), from €189,536 to €358,962
of which Remuneration and social security: +€130,391
- Staff costs +€546,935
up €546,935 (+59.7%), from €916,053 to €1.5m
- Financial charges +€337,357
up €337,357 (+365.9%), from €92,204 to €429,561
- Depreciation +€160,153
up €160,153 (+19.5%), from €819,612 to €979,765
- Gross operating margin -€75,077
down €75,077 (-3.0%), from €2.5m to €2.4m
- Taxes -€58,847
down €58,847 (-94.1%), from €62,557 to €3,711
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,566,647 | €8,091,631 | +€4.5m | +126.9% |
| Fixed assets | 21/28 | €1,863,711 | €5,216,208 | +€3.4m | +179.9% |
| Intangible fixed assets | 21 | €1,796,148 | €1,317,987 | -€478,161 | -26.6% |
| Tangible fixed assets | 22/27 | €65,458 | €80,076 | +€14,618 | +22.3% |
| Land and buildings | 22 | - | €14,515 | +€14,515 | |
| Plant, machinery and equipment | 23 | €4,642 | €12,665 | +€8,022 | +172.8% |
| Furniture and vehicles | 24 | €57,816 | €49,896 | -€7,919 | -13.7% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Other tangible fixed assets | 26 | €3,000 | €3,000 | = | 0.0% |
| Financial fixed assets | 28 | €2,104 | €3,818,145 | +€3.8m | +181332.0% |
| Current assets | 29/58 | €1,702,937 | €2,875,423 | +€1.2m | +68.9% |
| Stocks and contracts in progress | 3 | €230,193 | €257,527 | +€27,334 | +11.9% |
| Stocks | 30/36 | €230,193 | €257,527 | +€27,334 | +11.9% |
| Amounts receivable within one year | 40/41 | €1,125,488 | €2,299,570 | +€1.2m | +104.3% |
| Trade receivables | 40 | €1,076,876 | €914,048 | -€162,828 | -15.1% |
| Other amounts receivable | 41 | €48,612 | €1,385,522 | +€1.3m | +2750.2% |
| Cash at bank and in hand | 54/58 | €334,751 | €279,666 | -€55,085 | -16.5% |
| Deferred charges and accrued income | 490/1 | €12,504 | €38,660 | +€26,156 | +209.2% |
| Total equity and liabilities | 10/49 | €3,566,647 | €8,091,631 | +€4.5m | +126.9% |
| Equity | 10/15 | €717,087 | €307,253 | -€409,834 | -57.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €681,117 | €273,219 | -€407,898 | -59.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €681,117 | €273,219 | -€407,898 | -59.9% |
| Investment grants | 15 | €17,420 | €15,484 | -€1,936 | -11.1% |
| Amounts payable | 17/49 | €2,849,560 | €7,784,379 | +€4.9m | +173.2% |
| Amounts payable after more than one year | 17 | €905,095 | €6,174,583 | +€5.3m | +582.2% |
| Financial debts | 170/4 | €0 | €5,283,165 | +€5.3m | |
| Other amounts payable | 178/9 | €905,095 | €891,418 | -€13,677 | -1.5% |
| Amounts payable within one year | 42/48 | €1,944,465 | €1,609,795 | -€334,670 | -17.2% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €315,644 | €143,137 | -€172,507 | -54.7% |
| Suppliers | 440/4 | €315,644 | €143,137 | -€172,507 | -54.7% |
| Advances received on contracts in progress | 46 | €1,439,285 | €1,107,696 | -€331,589 | -23.0% |
| Taxes, remuneration and social security | 45 | €189,536 | €358,962 | +€169,426 | +89.4% |
| Taxes | 450/3 | €75,803 | €114,839 | +€39,036 | +51.5% |
| Remuneration and social security | 454/9 | €113,732 | €244,123 | +€130,391 | +114.6% |
| Non-recurring operating income | 76A | €212 | €6,089 | +€5,878 | +2779.0% |
| Remuneration, social security and pensions | 62 | €916,053 | €1,462,988 | +€546,935 | +59.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €819,612 | €979,765 | +€160,153 | +19.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €0 | = | |
| Other operating charges | 640/8 | €37,722 | €20,052 | -€17,670 | -46.8% |
| Non-recurring operating charges | 66A | €5,440 | €0 | -€5,440 | -100.0% |
| Gross operating margin | 9900 | €2,523,953 | €2,448,876 | -€75,077 | -3.0% |
| Operating profit (loss) | 9901 | €745,126 | -€13,929 | -€759,055 | |
| Financial income | 75/76B | €2,117 | €40,596 | +€38,479 | +1817.7% |
| Recurring financial income | 75 | €2,117 | €40,596 | +€38,479 | +1817.7% |
| Financial charges | 65/66B | €92,204 | €429,561 | +€337,357 | +365.9% |
| Recurring financial charges | 65 | €92,204 | €429,561 | +€337,357 | +365.9% |
| Profit (loss) for the period before taxes | 9903 | €655,039 | -€402,895 | -€1.1m | |
| Income taxes | 67/77 | €62,557 | €3,711 | -€58,847 | -94.1% |
| Profit (loss) for the period | 9904 | €592,482 | -€406,605 | -€999,087 | |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €592,482 | -€406,605 | -€999,087 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.