XTRACO: 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.
XTRACO
Largest movements
- Receivables within one year +€27,125
up €27,125 (+136.6%), from €19,853 to €46,978
of which Trade receivables: +€34,145
- Cash -€6,924
down €6,924 (-93.1%), from €7,441 to €516
mainly Net result for the year (-€32,107) and Receivables within one year (-€27,125)
- Deferred charges and accrued income +€2,513
new in 2025: €2,513
- Tangible fixed assets -€1,754
down €1,754 (-19.7%), from €8,912 to €7,158
of which Furniture and vehicles: -€1,411
- Other debts +€79,901
up €79,901 (+78.9%), from €101,233 to €181,134
- Profit (loss) carried forward -€32,107
down €32,107 (-26.0%), from -€123,636 to -€155,743
- Trade debts -€16,187
down €16,187 (-85.4%), from €18,954 to €2,767
- Current portion of long-term debt -€15,699
down €15,699 (-100.0%), from €15,699 to €0
- Tax, wage and social debts +€5,052
up €5,052 (+1446.9%), from €349 to €5,401
of which Taxes: +€5,052
- Gross operating margin +€26,852
up €26,852 (+73.7%), from -€36,413 to -€9,561
- Depreciation -€10,624
down €10,624 (-53.9%), from €19,719 to €9,094
- Financial charges +€4,417
up €4,417 (+652.4%), from €677 to €5,094
- Other operating charges +€2,000
up €2,000 (+32.0%), from €6,257 to €8,256
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 | €38,256 | €59,216 | +€20,960 | +54.8% |
| Fixed assets | 21/28 | €10,962 | €9,208 | -€1,754 | -16.0% |
| Tangible fixed assets | 22/27 | €8,912 | €7,158 | -€1,754 | -19.7% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €3,126 | €3,107 | -€19 | -0.6% |
| Furniture and vehicles | 24 | €5,463 | €4,052 | -€1,411 | -25.8% |
| Other tangible fixed assets | 26 | €323 | €0 | -€323 | -100.0% |
| Financial fixed assets | 28 | €2,050 | €2,050 | = | 0.0% |
| Current assets | 29/58 | €27,294 | €50,008 | +€22,714 | +83.2% |
| Amounts receivable within one year | 40/41 | €19,853 | €46,978 | +€27,125 | +136.6% |
| Trade receivables | 40 | €12,833 | €46,978 | +€34,145 | +266.1% |
| Other amounts receivable | 41 | €7,021 | €0 | -€7,021 | -100.0% |
| Cash at bank and in hand | 54/58 | €7,441 | €516 | -€6,924 | -93.1% |
| Deferred charges and accrued income | 490/1 | - | €2,513 | +€2,513 | |
| Total equity and liabilities | 10/49 | €38,256 | €59,216 | +€20,960 | +54.8% |
| Equity | 10/15 | -€98,113 | -€130,220 | -€32,107 | -32.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €6,923 | €6,923 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €5,063 | €5,063 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€123,636 | -€155,743 | -€32,107 | -26.0% |
| Amounts payable | 17/49 | €136,369 | €189,436 | +€53,067 | +38.9% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €136,235 | €189,302 | +€53,067 | +39.0% |
| Current portion of amounts payable after more than one year | 42 | €15,699 | €0 | -€15,699 | -100.0% |
| Trade debts | 44 | €18,954 | €2,767 | -€16,187 | -85.4% |
| Suppliers | 440/4 | €18,954 | €2,767 | -€16,187 | -85.4% |
| Taxes, remuneration and social security | 45 | €349 | €5,401 | +€5,052 | +1446.9% |
| Taxes | 450/3 | €349 | €5,401 | +€5,052 | +1446.9% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €101,233 | €181,134 | +€79,901 | +78.9% |
| Accrued charges and deferred income | 492/3 | €134 | €134 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,719 | €9,094 | -€10,624 | -53.9% |
| Other operating charges | 640/8 | €6,257 | €8,256 | +€2,000 | +32.0% |
| Gross operating margin | 9900 | -€36,413 | -€9,561 | +€26,852 | +73.7% |
| Operating profit (loss) | 9901 | -€62,388 | -€26,912 | +€35,476 | +56.9% |
| Financial income | 75/76B | €0 | €125 | +€125 | +138455.6% |
| Recurring financial income | 75 | €0 | €125 | +€125 | +138455.6% |
| Financial charges | 65/66B | €677 | €5,094 | +€4,417 | +652.4% |
| Recurring financial charges | 65 | €677 | €5,094 | +€4,417 | +652.4% |
| Profit (loss) for the period before taxes | 9903 | -€63,065 | -€31,881 | +€31,184 | +49.4% |
| Income taxes | 67/77 | €225 | €226 | +€1 | +0.3% |
| Profit (loss) for the period | 9904 | -€63,290 | -€32,107 | +€31,183 | +49.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€63,290 | -€32,107 | +€31,183 | +49.3% |
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 8 October 2026 via checked.be.