TRAXXEO: 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.
What changed
TRAXXEO
NACE 62.900, Other information technology and computer services
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€234,959
2024 · €559,329-€794,288
Equity
€3.0m
2024 · €3.0m-€61,712
Cash
€435,077
2024 · €223,464+€211,613
Balance sheet total
€6.5m
2024 · €6.2m+€344,760
Largest movements
Assets
- Cash +€211,613
up €211,613 (+94.7%), from €223,464 to €435,077
mainly Depreciation (+€926,169) and Other debts (+€531,877)
- Receivables within one year -€199,313
down €199,313 (-11.8%), from €1.7m to €1.5m
of which Trade receivables: -€405,027
- Intangible fixed assets +€163,976
up €163,976 (+13.4%), from €1.2m to €1.4m
- Tangible fixed assets +€128,098
up €128,098 (+100%), from €127,893 to €255,990
of which Furniture and vehicles: +€126,183
Equity and liabilities
- Accrued charges and deferred income -€602,101
down €602,101 (-99.4%), from €605,464 to €3,363
- Other debts +€531,877
up €531,877 (+379%), from €140,416 to €672,293
- Debts after one year +€337,200
up €337,200 (+27.7%), from €1.2m to €1.6m
of which Financial debts: +€337,200
- Profit (loss) carried forward -€234,959
down €234,959 (-83.6%), from €281,130 to €46,171
- Contributions +€173,247
up €173,247 (+6.4%), from €2.7m to €2.9m
Income statement
- Gross operating margin -€398,603
down €398,603 (-15.2%), from €2.6m to €2.2m
- Staff costs +€259,866
up €259,866 (+22.3%), from €1.2m to €1.4m
- Depreciation +€107,460
up €107,460 (+13.1%), from €818,709 to €926,169
- Other operating charges +€37,729
up €37,729 (+135%), from €27,983 to €65,712
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.
Result 2024
€559,329
Gross operating margin
-€398,603
Staff costs
-€259,866
Depreciation
-€107,460
Write-downs
+€17,360
Other operating charges
-€37,729
Financial income
-€1,387
Financial charges
-€12,731
Taxes
+€6,129
Result 2025
-€234,959
raises the resultlowers the result
Derived cash bridge
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.
From operations
+€777,994
Investment
-€1.2m
Financing
+€651,835
Cash 2024
€223,464
From operations (derived)
+€777,994
Net result for the year
-€234,959
Depreciation
+€926,169
Stocks and contracts
-€8,284
Receivables within one year
+€199,313
Deferred charges and accrued income
-€32,128
Trade debts
-€4,740
Tax, wage and social debts
+€2,847
Other debts
+€531,877
Accrued charges and deferred income
-€602,101
Investment (derived)
-€1.2m
Investment in fixed assets (net)
-€1.2m
Current investments
+€27
Financing
+€651,835
Debts after one year
+€337,200
Current portion of long-term debt
+€16,200
Short-term financial debts
+€125,189
Contributions, distributions and other
+€173,247
Cash 2025
€435,077
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,203,771 | €6,548,531 | +€344,760 | +5.6% |
| Fixed assets | 21/28 | €4,210,468 | €4,502,542 | +€292,074 | +6.9% |
| Intangible fixed assets | 21 | €1,222,750 | €1,386,726 | +€163,976 | +13.4% |
| Tangible fixed assets | 22/27 | €127,893 | €255,990 | +€128,098 | +100% |
| Plant, machinery and equipment | 23 | €1,644 | €3,928 | +€2,284 | +139% |
| Furniture and vehicles | 24 | €124,525 | €250,708 | +€126,183 | +101% |
| Other tangible fixed assets | 26 | €1,723 | €1,354 | -€369 | -21.4% |
| Financial fixed assets | 28 | €2,859,825 | €2,859,825 | = | 0.0% |
| Current assets | 29/58 | €1,993,303 | €2,045,989 | +€52,686 | +2.6% |
| Stocks and contracts in progress | 3 | €49,824 | €58,108 | +€8,284 | +16.6% |
| Stocks | 30/36 | €49,824 | €58,108 | +€8,284 | +16.6% |
| Amounts receivable within one year | 40/41 | €1,688,292 | €1,488,979 | -€199,313 | -11.8% |
| Trade receivables | 40 | €1,355,367 | €950,339 | -€405,027 | -29.9% |
| Other amounts receivable | 41 | €332,925 | €538,640 | +€205,715 | +61.8% |
| Current investments | 50/53 | €430 | €403 | -€27 | -6.2% |
| Cash at bank and in hand | 54/58 | €223,464 | €435,077 | +€211,613 | +94.7% |
| Deferred charges and accrued income | 490/1 | €31,293 | €63,421 | +€32,128 | +103% |
| Total equity and liabilities | 10/49 | €6,203,771 | €6,548,531 | +€344,760 | +5.6% |
| Equity | 10/15 | €3,035,381 | €2,973,669 | -€61,712 | -2.0% |
| Contributions | 10/11 | €2,720,127 | €2,893,374 | +€173,247 | +6.4% |
| Capital | 10 | €2,720,127 | €2,893,374 | +€173,247 | +6.4% |
| Issued capital | 100 | €2,744,250 | €2,917,497 | +€173,247 | +6.3% |
| Uncalled capital | 101 | €24,123 | €24,123 | = | 0.0% |
| Reserves | 13 | €34,124 | €34,124 | = | 0.0% |
| Non-distributable reserves | 130/1 | €34,124 | €34,124 | = | 0.0% |
| Legal reserve | 130 | €34,124 | €34,124 | = | 0.0% |
| Profit (loss) carried forward | 14 | €281,130 | €46,171 | -€234,959 | -83.6% |
| Provisions and deferred taxes | 16 | €15,250 | €15,250 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €15,250 | €15,250 | = | 0.0% |
| Other liabilities and charges | 164/5 | €15,250 | €15,250 | = | 0.0% |
| Amounts payable | 17/49 | €3,153,140 | €3,559,612 | +€406,472 | +12.9% |
| Amounts payable after more than one year | 17 | €1,216,145 | €1,553,346 | +€337,200 | +27.7% |
| Financial debts | 170/4 | €744,245 | €1,081,446 | +€337,200 | +45.3% |
| Other amounts payable | 178/9 | €471,900 | €471,900 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,331,531 | €2,002,903 | +€671,372 | +50.4% |
| Current portion of amounts payable after more than one year | 42 | €326,223 | €342,423 | +€16,200 | +5.0% |
| Financial debts | 43 | €200,019 | €325,207 | +€125,189 | +62.6% |
| Credit institutions | 430/8 | €200,019 | €325,207 | +€125,189 | +62.6% |
| Trade debts | 44 | €380,266 | €375,526 | -€4,740 | -1.2% |
| Suppliers | 440/4 | €380,266 | €375,526 | -€4,740 | -1.2% |
| Taxes, remuneration and social security | 45 | €284,607 | €287,454 | +€2,847 | +1.0% |
| Taxes | 450/3 | €130,868 | €56,512 | -€74,356 | -56.8% |
| Remuneration and social security | 454/9 | €153,739 | €230,942 | +€77,203 | +50.2% |
| Other amounts payable | 47/48 | €140,416 | €672,293 | +€531,877 | +379% |
| Accrued charges and deferred income | 492/3 | €605,464 | €3,363 | -€602,101 | -99.4% |
| Remuneration, social security and pensions | 62 | €1,162,794 | €1,422,660 | +€259,866 | +22.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €818,709 | €926,169 | +€107,460 | +13.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €8,749 | -€8,611 | -€17,360 | |
| Other operating charges | 640/8 | €27,983 | €65,712 | +€37,729 | +135% |
| Gross operating margin | 9900 | €2,629,575 | €2,230,972 | -€398,603 | -15.2% |
| Operating profit (loss) | 9901 | €611,340 | -€174,958 | -€786,299 | |
| Financial income | 75/76B | €1,415 | €28 | -€1,387 | -98.1% |
| Recurring financial income | 75 | €1,415 | €28 | -€1,387 | -98.1% |
| Financial charges | 65/66B | €44,353 | €57,084 | +€12,731 | +28.7% |
| Recurring financial charges | 65 | €44,353 | €57,084 | +€12,731 | +28.7% |
| Profit (loss) for the period before taxes | 9903 | €568,402 | -€232,015 | -€800,417 | |
| Income taxes | 67/77 | €9,073 | €2,944 | -€6,129 | -67.6% |
| Profit (loss) for the period | 9904 | €559,329 | -€234,959 | -€794,288 | |
| Profit (loss) for the period to be appropriated | 9905 | €559,329 | -€234,959 | -€794,288 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.