TRAXION: 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.
TRAXION
Largest movements
- Deferred charges and accrued income -€335,920
down €335,920 (-63.8%), from €526,263 to €190,343
- Receivables within one year -€294,421
down €294,421 (-44.6%), from €660,053 to €365,631
of which Trade receivables: -€321,289
- Cash +€130,396
up €130,396 (+448.5%), from €29,077 to €159,473
mainly Deferred charges and accrued income (+€335,920) and Receivables within one year (+€294,421)
- Tangible fixed assets -€16,357
down €16,357 (-23.5%), from €69,523 to €53,166
- Trade debts -€195,912
down €195,912 (-47.4%), from €413,460 to €217,548
- Other debts -€155,000
down €155,000 (-100.0%), from €155,000 to €0
- Accrued charges and deferred income -€104,690
down €104,690 (-32.3%), from €324,464 to €219,774
- Reserves -€24,880
down €24,880 (-49.8%), from €49,976 to €25,097
of which Distributable reserves: -€24,880
- Tax, wage and social debts -€20,688
down €20,688 (-11.4%), from €181,675 to €160,987
of which Taxes: -€32,883
- Staff costs +€140,068
up €140,068 (+14.0%), from €1.0m to €1.1m
- Gross operating margin -€88,787
down €88,787 (-7.1%), from €1.2m to €1.2m
- Taxes -€57,076
down €57,076 (-93.8%), from €60,859 to €3,783
- Financial income -€13,312
down €13,312 (-93.7%), from €14,204 to €893
of which Non-recurring financial income: -€14,204
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 | €1,285,391 | €768,614 | -€516,777 | -40.2% |
| Fixed assets | 21/28 | €69,998 | €53,166 | -€16,832 | -24.0% |
| Tangible fixed assets | 22/27 | €69,523 | €53,166 | -€16,357 | -23.5% |
| Leasing and similar rights | 25 | €69,523 | €53,166 | -€16,357 | -23.5% |
| Financial fixed assets | 28 | €475 | €0 | -€475 | -100.0% |
| Current assets | 29/58 | €1,215,393 | €715,448 | -€499,945 | -41.1% |
| Amounts receivable within one year | 40/41 | €660,053 | €365,631 | -€294,421 | -44.6% |
| Trade receivables | 40 | €593,105 | €271,816 | -€321,289 | -54.2% |
| Other amounts receivable | 41 | €66,948 | €93,816 | +€26,868 | +40.1% |
| Cash at bank and in hand | 54/58 | €29,077 | €159,473 | +€130,396 | +448.5% |
| Deferred charges and accrued income | 490/1 | €526,263 | €190,343 | -€335,920 | -63.8% |
| Total equity and liabilities | 10/49 | €1,285,391 | €768,614 | -€516,777 | -40.2% |
| Equity | 10/15 | €139,976 | €115,097 | -€24,880 | -17.8% |
| Contributions | 10/11 | €90,000 | €90,000 | = | 0.0% |
| Capital | 10 | €90,000 | €90,000 | = | 0.0% |
| Issued capital | 100 | €90,000 | €90,000 | = | 0.0% |
| Reserves | 13 | €49,976 | €25,097 | -€24,880 | -49.8% |
| Non-distributable reserves | 130/1 | €9,000 | €9,000 | = | 0.0% |
| Legal reserve | 130 | €9,000 | €9,000 | = | 0.0% |
| Distributable reserves | 133 | €40,976 | €16,097 | -€24,880 | -60.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,145,415 | €653,517 | -€491,898 | -42.9% |
| Amounts payable after more than one year | 17 | €56,183 | €39,230 | -€16,953 | -30.2% |
| Financial debts | 170/4 | €56,183 | €39,230 | -€16,953 | -30.2% |
| Amounts payable within one year | 42/48 | €764,768 | €394,512 | -€370,255 | -48.4% |
| Current portion of amounts payable after more than one year | 42 | €14,633 | €15,977 | +€1,345 | +9.2% |
| Trade debts | 44 | €413,460 | €217,548 | -€195,912 | -47.4% |
| Suppliers | 440/4 | €413,460 | €217,548 | -€195,912 | -47.4% |
| Taxes, remuneration and social security | 45 | €181,675 | €160,987 | -€20,688 | -11.4% |
| Taxes | 450/3 | €66,472 | €33,590 | -€32,883 | -49.5% |
| Remuneration and social security | 454/9 | €115,203 | €127,398 | +€12,195 | +10.6% |
| Other amounts payable | 47/48 | €155,000 | €0 | -€155,000 | -100.0% |
| Accrued charges and deferred income | 492/3 | €324,464 | €219,774 | -€104,690 | -32.3% |
| Remuneration, social security and pensions | 62 | €1,002,239 | €1,142,307 | +€140,068 | +14.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,261 | €16,357 | +€4,096 | +33.4% |
| Other operating charges | 640/8 | €939 | €2,137 | +€1,197 | +127.5% |
| Gross operating margin | 9900 | €1,249,928 | €1,161,141 | -€88,787 | -7.1% |
| Operating profit (loss) | 9901 | €234,489 | €341 | -€234,149 | -99.9% |
| Financial income | 75/76B | €14,204 | €893 | -€13,312 | -93.7% |
| Recurring financial income | 75 | €0 | €893 | +€893 | |
| Non-recurring financial income | 76B | €14,204 | €0 | -€14,204 | -100.0% |
| Financial charges | 65/66B | €28,658 | €22,330 | -€6,328 | -22.1% |
| Recurring financial charges | 65 | €28,658 | €22,330 | -€6,328 | -22.1% |
| Profit (loss) for the period before taxes | 9903 | €220,036 | -€21,096 | -€241,132 | |
| Income taxes | 67/77 | €60,859 | €3,783 | -€57,076 | -93.8% |
| Profit (loss) for the period | 9904 | €159,176 | -€24,880 | -€184,056 | |
| Profit (loss) for the period to be appropriated | 9905 | €159,176 | -€24,880 | -€184,056 |
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 4 October 2026 via checked.be.