B-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.
B-TRADE
Largest movements
- Stocks and contracts +€2.0m
up €2.0m (+828%), from €241,649 to €2.2m
- Cash +€366,333
up €366,333 (+1,025%), from €35,753 to €402,087
mainly Advances received (+€1.3m) and Trade debts (+€616,043)
- Receivables within one year -€187,426
down €187,426 (-42.3%), from €443,204 to €255,778
of which Trade receivables: -€182,927
- Advances received +€1.3m
up €1.3m (+656%), from €204,693 to €1.5m
- Trade debts +€616,043
up €616,043 (+149%), from €412,547 to €1.0m
- Other debts +€143,500
new in 2024: €143,500
- Tax, wage and social debts +€69,985
up €69,985 (+198%), from €35,349 to €105,334
- Gross operating margin -€300,832
down €300,832 (-72.3%), from €416,374 to €115,542
- Write-downs -€274,104
down €274,104 (-78.2%), from €350,671 to €76,566
- Taxes -€7,797
down €7,797 (-47.9%), from €16,286 to €8,490
- Depreciation +€4,628
new in 2024: €4,628
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €720,606 | €2,918,951 | +€2.2m | +305% |
| Fixed assets | 21/28 | - | €18,512 | +€18,512 | |
| Tangible fixed assets | 22/27 | - | €18,512 | +€18,512 | |
| Furniture and vehicles | 24 | - | €18,512 | +€18,512 | |
| Current assets | 29/58 | €720,606 | €2,900,439 | +€2.2m | +302% |
| Stocks and contracts in progress | 3 | €241,649 | €2,242,574 | +€2.0m | +828% |
| Stocks | 30/36 | €241,649 | €2,242,574 | +€2.0m | +828% |
| Amounts receivable within one year | 40/41 | €443,204 | €255,778 | -€187,426 | -42.3% |
| Trade receivables | 40 | €300,343 | €117,415 | -€182,927 | -60.9% |
| Other amounts receivable | 41 | €142,861 | €138,363 | -€4,499 | -3.1% |
| Cash at bank and in hand | 54/58 | €35,753 | €402,087 | +€366,333 | +1,025% |
| Total equity and liabilities | 10/49 | €720,606 | €2,918,951 | +€2.2m | +305% |
| Equity | 10/15 | €68,017 | €93,454 | +€25,437 | +37.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €48,017 | €73,454 | +€25,437 | +53.0% |
| Amounts payable | 17/49 | €652,589 | €2,825,497 | +€2.2m | +333% |
| Amounts payable within one year | 42/48 | €652,589 | €2,825,497 | +€2.2m | +333% |
| Trade debts | 44 | €412,547 | €1,028,590 | +€616,043 | +149% |
| Suppliers | 440/4 | €412,547 | €1,028,590 | +€616,043 | +149% |
| Advances received on contracts in progress | 46 | €204,693 | €1,548,073 | +€1.3m | +656% |
| Taxes, remuneration and social security | 45 | €35,349 | €105,334 | +€69,985 | +198% |
| Taxes | 450/3 | €35,349 | €105,334 | +€69,985 | +198% |
| Other amounts payable | 47/48 | - | €143,500 | +€143,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €4,628 | +€4,628 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €350,671 | €76,566 | -€274,104 | -78.2% |
| Other operating charges | 640/8 | - | €548 | +€548 | |
| Gross operating margin | 9900 | €416,374 | €115,542 | -€300,832 | -72.3% |
| Operating profit (loss) | 9901 | €65,704 | €33,800 | -€31,904 | -48.6% |
| Financial income | 75/76B | - | €224 | +€224 | |
| Recurring financial income | 75 | - | €224 | +€224 | |
| Financial charges | 65/66B | €1,400 | €97 | -€1,303 | -93.1% |
| Recurring financial charges | 65 | €1,400 | €97 | -€1,303 | -93.1% |
| Profit (loss) for the period before taxes | 9903 | €64,303 | €33,927 | -€30,377 | -47.2% |
| Income taxes | 67/77 | €16,286 | €8,490 | -€7,797 | -47.9% |
| Profit (loss) for the period | 9904 | €48,017 | €25,437 | -€22,580 | -47.0% |
| Profit (loss) for the period to be appropriated | 9905 | €48,017 | €25,437 | -€22,580 | -47.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.