AY TRADE: 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.
AY TRADE
Largest movements
- Tangible fixed assets -€51,740
down €51,740 (-30.3%), from €170,512 to €118,772
of which Furniture and vehicles: -€33,113
- Stocks and contracts +€45,640
up €45,640 (+13.9%), from €328,180 to €373,819
- Receivables within one year -€36,455
down €36,455 (-46.4%), from €78,603 to €42,147
- Other debts +€67,600
up €67,600 (+1,827%), from €3,700 to €71,300
- Trade debts -€62,505
down €62,505 (-35.9%), from €173,972 to €111,467
- Profit (loss) carried forward -€55,111
down €55,111 (-30.9%), from €178,372 to €123,262
- Tax, wage and social debts -€22,586
down €22,586 (-38.8%), from €58,199 to €35,613
of which Taxes: -€22,586
- Current portion of long-term debt +€17,500
up €17,500 (+41.2%), from €42,500 to €60,000
- Other operating charges +€49,366
up €49,366 (+2,591%), from €1,906 to €51,272
- Gross operating margin -€33,929
down €33,929 (-37.8%), from €89,824 to €55,896
- Financial income -€11,504
down €11,504 (-32.8%), from €35,112 to €23,608
- Taxes -€6,155
down €6,155 (-45.3%), from €13,595 to €7,440
- Financial charges -€1,575
down €1,575 (-13.5%), from €11,684 to €10,109
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €591,507 | €543,737 | -€47,770 | -8.1% |
| Formation expenses | 20 | €960 | €960 | = | 0.0% |
| Fixed assets | 21/28 | €175,512 | €123,772 | -€51,740 | -29.5% |
| Tangible fixed assets | 22/27 | €170,512 | €118,772 | -€51,740 | -30.3% |
| Plant, machinery and equipment | 23 | €57,889 | €39,262 | -€18,627 | -32.2% |
| Furniture and vehicles | 24 | €112,624 | €79,510 | -€33,113 | -29.4% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €415,034 | €419,004 | +€3,970 | +1.0% |
| Stocks and contracts in progress | 3 | €328,180 | €373,819 | +€45,640 | +13.9% |
| Stocks | 30/36 | €328,180 | €373,819 | +€45,640 | +13.9% |
| Amounts receivable within one year | 40/41 | €78,603 | €42,147 | -€36,455 | -46.4% |
| Trade receivables | 40 | €78,603 | €42,147 | -€36,455 | -46.4% |
| Cash at bank and in hand | 54/58 | €8,252 | €3,038 | -€5,214 | -63.2% |
| Total equity and liabilities | 10/49 | €591,507 | €543,737 | -€47,770 | -8.1% |
| Equity | 10/15 | €198,832 | €143,722 | -€55,111 | -27.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 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% |
| Profit (loss) carried forward | 14 | €178,372 | €123,262 | -€55,111 | -30.9% |
| Amounts payable | 17/49 | €392,674 | €400,015 | +€7,341 | +1.9% |
| Amounts payable after more than one year | 17 | €54,635 | €70,000 | +€15,365 | +28.1% |
| Financial debts | 170/4 | €54,635 | €70,000 | +€15,365 | +28.1% |
| Amounts payable within one year | 42/48 | €338,039 | €330,015 | -€8,024 | -2.4% |
| Current portion of amounts payable after more than one year | 42 | €42,500 | €60,000 | +€17,500 | +41.2% |
| Financial debts | 43 | €59,668 | €51,635 | -€8,033 | -13.5% |
| Credit institutions | 430/8 | €59,668 | €51,635 | -€8,033 | -13.5% |
| Trade debts | 44 | €173,972 | €111,467 | -€62,505 | -35.9% |
| Suppliers | 440/4 | €173,972 | €111,467 | -€62,505 | -35.9% |
| Taxes, remuneration and social security | 45 | €58,199 | €35,613 | -€22,586 | -38.8% |
| Taxes | 450/3 | €57,263 | €34,677 | -€22,586 | -39.4% |
| Remuneration and social security | 454/9 | €936 | €936 | -€0 | 0.0% |
| Other amounts payable | 47/48 | €3,700 | €71,300 | +€67,600 | +1,827% |
| Non-recurring operating income | 76A | €12,932 | - | -€12,932 | |
| Remuneration, social security and pensions | 62 | €13,004 | €14,054 | +€1,050 | +8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,646 | €51,740 | +€94 | +0.2% |
| Other operating charges | 640/8 | €1,906 | €51,272 | +€49,366 | +2,591% |
| Gross operating margin | 9900 | €89,824 | €55,896 | -€33,929 | -37.8% |
| Operating profit (loss) | 9901 | €23,269 | -€61,170 | -€84,439 | |
| Financial income | 75/76B | €35,112 | €23,608 | -€11,504 | -32.8% |
| Recurring financial income | 75 | €35,112 | €23,608 | -€11,504 | -32.8% |
| Financial charges | 65/66B | €11,684 | €10,109 | -€1,575 | -13.5% |
| Recurring financial charges | 65 | €11,684 | €10,109 | -€1,575 | -13.5% |
| Profit (loss) for the period before taxes | 9903 | €46,697 | -€47,671 | -€94,368 | |
| Income taxes | 67/77 | €13,595 | €7,440 | -€6,155 | -45.3% |
| Profit (loss) for the period | 9904 | €33,102 | -€55,111 | -€88,212 | |
| Profit (loss) for the period to be appropriated | 9905 | €33,102 | -€55,111 | -€88,212 |
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 24 October 2026 via checked.be.