BADFRIDE TRADE SERVICES: 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.
BADFRIDE TRADE SERVICES
Largest movements
- Receivables within one year +€227,150
up €227,150 (+734%), from €30,933 to €258,084
of which Other amounts receivable: +€198,204
- Cash -€209,141
down €209,141 (-68.0%), from €307,640 to €98,499
mainly Contributions, distributions and other (-€434,021) and Receivables within one year (-€227,150)
- Current investments +€108,999
up €108,999 (+6.1%), from €1.8m to €1.9m
- Other debts +€424,857
up €424,857 (+22,404%), from €1,896 to €426,753
- Reserves -€424,027
down €424,027 (-15.2%), from €2.8m to €2.4m
- Tax, wage and social debts +€133,003
up €133,003 (+4,117%), from €3,231 to €136,234
- Financial income -€398,254
down €398,254 (-87.0%), from €457,566 to €59,312
- Taxes +€115,655
up €115,655 (+323%), from €35,794 to €151,449
- Gross operating margin +€16,862
up €16,862 (+15.1%), from €111,734 to €128,596
- Depreciation +€3,171
up €3,171 (+346%), from €916 to €4,087
- Financial charges -€2,723
down €2,723 (-12.0%), from €22,701 to €19,977
of which Non-recurring financial charges: -€17,500
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 | €2,814,638 | €2,954,825 | +€140,186 | +5.0% |
| Fixed assets | 21/28 | €440,521 | €452,891 | +€12,371 | +2.8% |
| Tangible fixed assets | 22/27 | €1,177 | €13,547 | +€12,371 | +1,051% |
| Land and buildings | 22 | €1,177 | €261 | -€916 | -77.8% |
| Furniture and vehicles | 24 | - | €13,287 | +€13,287 | |
| Financial fixed assets | 28 | €439,344 | €439,344 | = | 0.0% |
| Current assets | 29/58 | €2,374,118 | €2,501,933 | +€127,816 | +5.4% |
| Amounts receivable after more than one year | 29 | €250,000 | €250,000 | = | 0.0% |
| Other amounts receivable | 291 | €250,000 | €250,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €30,933 | €258,084 | +€227,150 | +734% |
| Trade receivables | 40 | €4,372 | €33,319 | +€28,947 | +662% |
| Other amounts receivable | 41 | €26,561 | €224,765 | +€198,204 | +746% |
| Current investments | 50/53 | €1,785,545 | €1,894,544 | +€108,999 | +6.1% |
| Cash at bank and in hand | 54/58 | €307,640 | €98,499 | -€209,141 | -68.0% |
| Deferred charges and accrued income | 490/1 | €0 | €807 | +€807 | |
| Total equity and liabilities | 10/49 | €2,814,638 | €2,954,825 | +€140,186 | +5.0% |
| Equity | 10/15 | €2,808,088 | €2,384,060 | -€424,027 | -15.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €2,795,688 | €2,371,660 | -€424,027 | -15.2% |
| Distributable reserves | 133 | €2,795,688 | €2,371,660 | -€424,027 | -15.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €6,551 | €570,765 | +€564,214 | +8,613% |
| Amounts payable within one year | 42/48 | €6,551 | €570,765 | +€564,214 | +8,613% |
| Trade debts | 44 | €1,424 | €7,778 | +€6,354 | +446% |
| Suppliers | 440/4 | €1,424 | €7,778 | +€6,354 | +446% |
| Taxes, remuneration and social security | 45 | €3,231 | €136,234 | +€133,003 | +4,117% |
| Taxes | 450/3 | €3,231 | €136,234 | +€133,003 | +4,117% |
| Other amounts payable | 47/48 | €1,896 | €426,753 | +€424,857 | +22,404% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €916 | €4,087 | +€3,171 | +346% |
| Other operating charges | 640/8 | €2,398 | €2,401 | +€3 | +0.1% |
| Gross operating margin | 9900 | €111,734 | €128,596 | +€16,862 | +15.1% |
| Operating profit (loss) | 9901 | €108,420 | €122,108 | +€13,688 | +12.6% |
| Financial income | 75/76B | €457,566 | €59,312 | -€398,254 | -87.0% |
| Recurring financial income | 75 | €457,566 | €59,312 | -€398,254 | -87.0% |
| Financial charges | 65/66B | €22,701 | €19,977 | -€2,723 | -12.0% |
| Recurring financial charges | 65 | €5,201 | €19,977 | +€14,777 | +284% |
| Non-recurring financial charges | 66B | €17,500 | €0 | -€17,500 | -100% |
| Profit (loss) for the period before taxes | 9903 | €543,285 | €161,443 | -€381,843 | -70.3% |
| Income taxes | 67/77 | €35,794 | €151,449 | +€115,655 | +323% |
| Profit (loss) for the period | 9904 | €507,492 | €9,994 | -€497,498 | -98.0% |
| Profit (loss) for the period to be appropriated | 9905 | €507,492 | €9,994 | -€497,498 | -98.0% |
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 21 October 2026 via checked.be.