TRAXS: 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.
TRAXS
Largest movements
- Tangible fixed assets -€66,008
down €66,008 (-4.3%), from €1.5m to €1.5m
- Debts after one year -€161,959
down €161,959 (-16.9%), from €957,729 to €795,771
of which Financial debts: -€161,959
- Reserves +€70,410
up €70,410 (+24.8%), from €284,412 to €354,822
of which Distributable reserves: +€70,410
- Turnover +€221,579
new in 2025: €221,579
- Taxes -€17,950
down €17,950 (-40.5%), from €44,288 to €26,338
- Depreciation -€2,784
down €2,784 (-3.7%), from €76,078 to €73,293
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 | €1,665,284 | €1,584,959 | -€80,325 | -4.8% |
| Formation expenses | 20 | €7,928 | €642 | -€7,286 | -91.9% |
| Fixed assets | 21/28 | €1,548,126 | €1,482,119 | -€66,008 | -4.3% |
| Tangible fixed assets | 22/27 | €1,547,978 | €1,481,970 | -€66,008 | -4.3% |
| Land and buildings | 22 | €1,547,978 | €1,481,970 | -€66,008 | -4.3% |
| Financial fixed assets | 28 | €149 | €149 | = | 0.0% |
| Current assets | 29/58 | €109,230 | €102,198 | -€7,032 | -6.4% |
| Amounts receivable within one year | 40/41 | €92,275 | €77,775 | -€14,500 | -15.7% |
| Other amounts receivable | 41 | €92,275 | €77,775 | -€14,500 | -15.7% |
| Cash at bank and in hand | 54/58 | €16,955 | €23,923 | +€6,968 | +41.1% |
| Deferred charges and accrued income | 490/1 | - | €500 | +€500 | |
| Total equity and liabilities | 10/49 | €1,665,284 | €1,584,959 | -€80,325 | -4.8% |
| Equity | 10/15 | €354,204 | €424,614 | +€70,410 | +19.9% |
| Contributions | 10/11 | €69,792 | €69,792 | = | 0.0% |
| Capital | 10 | €69,792 | €69,792 | = | 0.0% |
| Issued capital | 100 | €69,792 | €69,792 | = | 0.0% |
| Reserves | 13 | €284,412 | €354,822 | +€70,410 | +24.8% |
| Non-distributable reserves | 130/1 | €7,000 | €7,000 | = | 0.0% |
| Legal reserve | 130 | €7,000 | €7,000 | = | 0.0% |
| Distributable reserves | 133 | €277,412 | €347,822 | +€70,410 | +25.4% |
| Amounts payable | 17/49 | €1,311,080 | €1,160,345 | -€150,735 | -11.5% |
| Amounts payable after more than one year | 17 | €957,729 | €795,771 | -€161,959 | -16.9% |
| Financial debts | 170/4 | €956,729 | €794,771 | -€161,959 | -16.9% |
| Other amounts payable | 178/9 | €1,000 | €1,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €353,351 | €363,789 | +€10,439 | +3.0% |
| Current portion of amounts payable after more than one year | 42 | €159,720 | €161,959 | +€2,239 | +1.4% |
| Trade debts | 44 | €193,631 | €201,831 | +€8,200 | +4.2% |
| Suppliers | 440/4 | €193,631 | €201,831 | +€8,200 | +4.2% |
| Accrued charges and deferred income | 492/3 | - | €785 | +€785 | |
| Turnover | 70 | - | €221,579 | +€221,579 | |
| Goods, raw materials, services and sundry goods | 60/61 | €6,509 | €5,467 | -€1,041 | -16.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,078 | €73,293 | -€2,784 | -3.7% |
| Other operating charges | 640/8 | €29,907 | €30,937 | +€1,029 | +3.4% |
| Gross operating margin | 9900 | €214,651 | €216,111 | +€1,460 | +0.7% |
| Operating profit (loss) | 9901 | €108,667 | €111,881 | +€3,215 | +3.0% |
| Financial charges | 65/66B | €16,722 | €15,134 | -€1,588 | -9.5% |
| Recurring financial charges | 65 | €16,722 | €15,134 | -€1,588 | -9.5% |
| Profit (loss) for the period before taxes | 9903 | €91,945 | €96,748 | +€4,803 | +5.2% |
| Income taxes | 67/77 | €44,288 | €26,338 | -€17,950 | -40.5% |
| Profit (loss) for the period | 9904 | €47,657 | €70,410 | +€22,753 | +47.7% |
| Profit (loss) for the period to be appropriated | 9905 | €47,657 | €70,410 | +€22,753 | +47.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.