TRAXICO: 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.
TRAXICO
Largest movements
- Cash +€20,068
up €20,068 (+14.5%), from €138,519 to €158,587
mainly Net result for the year (+€29,114) and Other debts (+€21,000)
- Tangible fixed assets -€14,582
down €14,582 (-8.7%), from €167,263 to €152,681
of which Furniture and vehicles: -€7,774
- Receivables within one year +€4,226
up €4,226 (+4.4%), from €95,762 to €99,988
of which Other amounts receivable: +€2,525
- Trade debts -€30,288
down €30,288 (-95.6%), from €31,684 to €1,396
- Other debts +€21,000
new in 2025: €21,000
- Tax, wage and social debts +€19,886
up €19,886 (+149.2%), from €13,327 to €33,213
of which Taxes: +€19,516
- Gross operating margin +€20,637
up €20,637 (+52.2%), from €39,539 to €60,176
- Taxes -€14,550
down €14,550 (-48.4%), from €30,085 to €15,535
- Financial income +€4,548
up €4,548 (+603.2%), from €754 to €5,302
- Other operating charges -€2,085
down €2,085 (-44.1%), from €4,722 to €2,638
- Depreciation -€923
down €923 (-5.0%), from €18,423 to €17,500
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 | €402,710 | €412,422 | +€9,712 | +2.4% |
| Fixed assets | 21/28 | €168,429 | €153,847 | -€14,582 | -8.7% |
| Tangible fixed assets | 22/27 | €167,263 | €152,681 | -€14,582 | -8.7% |
| Plant, machinery and equipment | 23 | €3,190 | €1,882 | -€1,309 | -41.0% |
| Furniture and vehicles | 24 | €28,613 | €20,839 | -€7,774 | -27.2% |
| Other tangible fixed assets | 26 | €135,459 | €129,960 | -€5,499 | -4.1% |
| Financial fixed assets | 28 | €1,166 | €1,166 | = | 0.0% |
| Current assets | 29/58 | €234,281 | €258,575 | +€24,294 | +10.4% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €95,762 | €99,988 | +€4,226 | +4.4% |
| Trade receivables | 40 | €8,439 | €10,140 | +€1,700 | +20.1% |
| Other amounts receivable | 41 | €87,323 | €89,849 | +€2,525 | +2.9% |
| Cash at bank and in hand | 54/58 | €138,519 | €158,587 | +€20,068 | +14.5% |
| Total equity and liabilities | 10/49 | €402,710 | €412,422 | +€9,712 | +2.4% |
| Equity | 10/15 | €357,699 | €356,813 | -€886 | -0.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €339,099 | €338,213 | -€886 | -0.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €337,239 | €336,353 | -€886 | -0.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Deferred taxes | 168 | €0 | - | = | |
| Amounts payable | 17/49 | €45,011 | €55,609 | +€10,598 | +23.5% |
| Amounts payable within one year | 42/48 | €45,011 | €55,609 | +€10,598 | +23.5% |
| Trade debts | 44 | €31,684 | €1,396 | -€30,288 | -95.6% |
| Suppliers | 440/4 | €31,684 | €1,396 | -€30,288 | -95.6% |
| Taxes, remuneration and social security | 45 | €13,327 | €33,213 | +€19,886 | +149.2% |
| Taxes | 450/3 | €9,427 | €28,943 | +€19,516 | +207.0% |
| Remuneration and social security | 454/9 | €3,900 | €4,270 | +€370 | +9.5% |
| Other amounts payable | 47/48 | - | €21,000 | +€21,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,423 | €17,500 | -€923 | -5.0% |
| Other operating charges | 640/8 | €4,722 | €2,638 | -€2,085 | -44.1% |
| Gross operating margin | 9900 | €39,539 | €60,176 | +€20,637 | +52.2% |
| Operating profit (loss) | 9901 | €16,393 | €40,038 | +€23,645 | +144.2% |
| Financial income | 75/76B | €754 | €5,302 | +€4,548 | +603.2% |
| Recurring financial income | 75 | €754 | €5,302 | +€4,548 | +603.2% |
| Financial charges | 65/66B | €400 | €690 | +€291 | +72.7% |
| Recurring financial charges | 65 | €400 | €690 | +€291 | +72.7% |
| Profit (loss) for the period before taxes | 9903 | €16,747 | €44,649 | +€27,902 | +166.6% |
| Transfer from deferred taxes | 780 | €21,590 | €0 | -€21,590 | -100.0% |
| Income taxes | 67/77 | €30,085 | €15,535 | -€14,550 | -48.4% |
| Profit (loss) for the period | 9904 | €8,252 | €29,114 | +€20,862 | +252.8% |
| Transfer from tax-exempt reserves | 789 | €64,768 | €0 | -€64,768 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €73,020 | €29,114 | -€43,906 | -60.1% |
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 1 October 2026 via checked.be.