Traxial: what changed
Traxial
Largest movements
- Receivables within one year -€246,048
down €246,048 (-57.7%), from €426,136 to €180,088
of which Trade receivables: -€220,476
- Cash -€225,252
down €225,252 (-72.2%), from €311,934 to €86,681
mainly Net result for the year (-€2.0m) and Trade debts (-€426,763)
- Stocks and contracts -€73,412
down €73,412 (-29.2%), from €251,542 to €178,130
- Deferred charges and accrued income -€53,989
down €53,989 (-42.0%), from €128,495 to €74,505
- Intangible fixed assets -€44,669
down €44,669 (-38.0%), from €117,462 to €72,792
- Other debts +€2.0m
up €2.0m (+95.4%), from €2.1m to €4.2m
- Profit (loss) carried forward -€2.0m
down €2.0m (-16.1%), from -€12.1m to -€14.1m
- Trade debts -€426,763
down €426,763 (-66.9%), from €637,802 to €211,038
- Accrued charges and deferred income -€279,844
down €279,844 (-80.0%), from €349,788 to €69,944
- Tax, wage and social debts -€25,615
down €25,615 (-20.8%), from €122,905 to €97,289
- Gross operating margin +€1.1m
up €1.1m (+60.0%), from -€1.8m to -€705,469
- Staff costs -€611,363
down €611,363 (-39.1%), from €1.6m to €953,800
- Write-downs -€94,383
down €94,383 (-56.2%), from €167,796 to €73,412
- Depreciation -€70,076
down €70,076 (-36.1%), from €194,091 to €124,014
- Financial charges +€62,304
up €62,304 (+163%), from €38,179 to €100,484
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,417,177 | €765,071 | -€652,106 | -46.0% |
| Fixed assets | 21/28 | €299,070 | €245,666 | -€53,404 | -17.9% |
| Intangible fixed assets | 21 | €117,462 | €72,792 | -€44,669 | -38.0% |
| Tangible fixed assets | 22/27 | €181,608 | €172,874 | -€8,735 | -4.8% |
| Plant, machinery and equipment | 23 | €179,208 | €171,074 | -€8,135 | -4.5% |
| Furniture and vehicles | 24 | €2,400 | €1,800 | -€600 | -25.0% |
| Current assets | 29/58 | €1,118,107 | €519,405 | -€598,702 | -53.5% |
| Stocks and contracts in progress | 3 | €251,542 | €178,130 | -€73,412 | -29.2% |
| Stocks | 30/36 | €251,542 | €178,130 | -€73,412 | -29.2% |
| Amounts receivable within one year | 40/41 | €426,136 | €180,088 | -€246,048 | -57.7% |
| Trade receivables | 40 | €308,726 | €88,250 | -€220,476 | -71.4% |
| Other amounts receivable | 41 | €117,411 | €91,839 | -€25,572 | -21.8% |
| Cash at bank and in hand | 54/58 | €311,934 | €86,681 | -€225,252 | -72.2% |
| Deferred charges and accrued income | 490/1 | €128,495 | €74,505 | -€53,989 | -42.0% |
| Total equity and liabilities | 10/49 | €1,417,177 | €765,071 | -€652,106 | -46.0% |
| Equity | 10/15 | -€1,828,650 | -€3,786,236 | -€2.0m | -107% |
| Contributions | 10/11 | €10,300,000 | €10,300,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,128,650 | -€14,086,236 | -€2.0m | -16.1% |
| Amounts payable | 17/49 | €3,245,827 | €4,551,306 | +€1.3m | +40.2% |
| Amounts payable within one year | 42/48 | €2,896,039 | €4,481,363 | +€1.6m | +54.7% |
| Trade debts | 44 | €637,802 | €211,038 | -€426,763 | -66.9% |
| Suppliers | 440/4 | €637,802 | €211,038 | -€426,763 | -66.9% |
| Taxes, remuneration and social security | 45 | €122,905 | €97,289 | -€25,615 | -20.8% |
| Remuneration and social security | 454/9 | €122,905 | €97,289 | -€25,615 | -20.8% |
| Other amounts payable | 47/48 | €2,135,332 | €4,173,035 | +€2.0m | +95.4% |
| Accrued charges and deferred income | 492/3 | €349,788 | €69,944 | -€279,844 | -80.0% |
| Remuneration, social security and pensions | 62 | €1,565,163 | €953,800 | -€611,363 | -39.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €194,091 | €124,014 | -€70,076 | -36.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €167,796 | €73,412 | -€94,383 | -56.2% |
| Other operating charges | 640/8 | €1,235 | €1,271 | +€36 | +2.9% |
| Gross operating margin | 9900 | -€1,762,051 | -€705,469 | +€1.1m | +60.0% |
| Operating profit (loss) | 9901 | -€3,690,336 | -€1,857,966 | +€1.8m | +49.7% |
| Financial income | 75/76B | €6,150 | €1,336 | -€4,815 | -78.3% |
| Recurring financial income | 75 | €6,150 | €1,336 | -€4,815 | -78.3% |
| Financial charges | 65/66B | €38,179 | €100,484 | +€62,304 | +163% |
| Recurring financial charges | 65 | €38,179 | €100,484 | +€62,304 | +163% |
| Profit (loss) for the period before taxes | 9903 | -€3,722,365 | -€1,957,114 | +€1.8m | +47.4% |
| Income taxes | 67/77 | €7,751 | €471 | -€7,280 | -93.9% |
| Profit (loss) for the period | 9904 | -€3,730,116 | -€1,957,585 | +€1.8m | +47.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,730,116 | -€1,957,585 | +€1.8m | +47.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.