B-TRADING: 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.
B-TRADING
Largest movements
- Cash -€1,201
down €1,201 (-53.3%), from €2,252 to €1,050
mainly Receivables within one year (-€877) and Tax, wage and social debts (-€393)
- Receivables within one year +€877
up €877 (+13.7%), from €6,401 to €7,278
- Tax, wage and social debts -€393
down €393 (-61.9%), from €635 to €242
- Gross operating margin -€698
down €698 (-74.4%), from €938 to €240
- Taxes -€192
down €192 (-88.5%), from €217 to €25
- Financial charges -€80
down €80 (-97.0%), from €83 to €3
- Other operating charges +€67
up €67 (+87.1%), from €77 to €144
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 | €21,690 | €21,366 | -€324 | -1.5% |
| Current assets | 29/58 | €21,690 | €21,366 | -€324 | -1.5% |
| Stocks and contracts in progress | 3 | €13,037 | €13,037 | = | 0.0% |
| Stocks | 30/36 | €13,037 | €13,037 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €6,401 | €7,278 | +€877 | +13.7% |
| Other amounts receivable | 41 | €6,401 | €7,278 | +€877 | +13.7% |
| Cash at bank and in hand | 54/58 | €2,252 | €1,050 | -€1,201 | -53.3% |
| Total equity and liabilities | 10/49 | €21,690 | €21,366 | -€324 | -1.5% |
| Equity | 10/15 | €21,055 | €21,124 | +€69 | +0.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,455 | €2,524 | +€69 | +2.8% |
| Amounts payable | 17/49 | €635 | €242 | -€393 | -61.9% |
| Amounts payable within one year | 42/48 | €635 | €242 | -€393 | -61.9% |
| Taxes, remuneration and social security | 45 | €635 | €242 | -€393 | -61.9% |
| Taxes | 450/3 | €635 | €242 | -€393 | -61.9% |
| Other operating charges | 640/8 | €77 | €144 | +€67 | +87.1% |
| Gross operating margin | 9900 | €938 | €240 | -€698 | -74.4% |
| Operating profit (loss) | 9901 | €861 | €96 | -€765 | -88.8% |
| Financial charges | 65/66B | €83 | €3 | -€80 | -97.0% |
| Recurring financial charges | 65 | €83 | €3 | -€80 | -97.0% |
| Profit (loss) for the period before taxes | 9903 | €779 | €94 | -€685 | -88.0% |
| Income taxes | 67/77 | €217 | €25 | -€192 | -88.5% |
| Profit (loss) for the period | 9904 | €562 | €69 | -€493 | -87.8% |
| Profit (loss) for the period to be appropriated | 9905 | €562 | €69 | -€493 | -87.8% |
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.