BELGA TRADERS: 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.
BELGA TRADERS
Largest movements
- Cash +€22,321
up €22,321 (+1,090%), from €2,047 to €24,368
mainly Trade debts (+€31,914) and Net result for the year (+€29,056)
- Receivables within one year +€21,783
up €21,783 (+268%), from €8,142 to €29,924
of which Other amounts receivable: +€19,363
- Tangible fixed assets +€1,937
up €1,937 (+56.4%), from €3,436 to €5,373
of which Plant, machinery and equipment: +€2,475
- Trade debts +€31,914
up €31,914 (+136%), from €23,422 to €55,336
- Profit (loss) carried forward +€29,056
up €29,056 (+54.9%), from -€52,926 to -€23,871
- Other debts -€24,442
down €24,442 (-98.7%), from €24,763 to €321
- Tax, wage and social debts +€9,350
new in 2025: €9,350
- Taxes +€9,350
new in 2025: €9,350
- Gross operating margin -€3,420
down €3,420 (-7.6%), from €44,804 to €41,384
- Depreciation -€1,176
down €1,176 (-43.3%), from €2,716 to €1,540
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 | €13,850 | €59,728 | +€45,878 | +331% |
| Fixed assets | 21/28 | €3,436 | €5,373 | +€1,937 | +56.4% |
| Tangible fixed assets | 22/27 | €3,436 | €5,373 | +€1,937 | +56.4% |
| Plant, machinery and equipment | 23 | €2,276 | €4,751 | +€2,475 | +109% |
| Furniture and vehicles | 24 | €1,160 | €622 | -€538 | -46.4% |
| Current assets | 29/58 | €10,414 | €54,355 | +€43,941 | +422% |
| Amounts receivable within one year | 40/41 | €8,142 | €29,924 | +€21,783 | +268% |
| Trade receivables | 40 | €5,801 | €8,221 | +€2,420 | +41.7% |
| Other amounts receivable | 41 | €2,340 | €21,703 | +€19,363 | +827% |
| Cash at bank and in hand | 54/58 | €2,047 | €24,368 | +€22,321 | +1,090% |
| Deferred charges and accrued income | 490/1 | €225 | €63 | -€163 | -72.2% |
| Total equity and liabilities | 10/49 | €13,850 | €59,728 | +€45,878 | +331% |
| Equity | 10/15 | -€34,334 | -€5,279 | +€29,056 | +84.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€52,926 | -€23,871 | +€29,056 | +54.9% |
| Amounts payable | 17/49 | €48,184 | €65,007 | +€16,822 | +34.9% |
| Amounts payable within one year | 42/48 | €48,184 | €65,007 | +€16,822 | +34.9% |
| Trade debts | 44 | €23,422 | €55,336 | +€31,914 | +136% |
| Suppliers | 440/4 | €23,422 | €55,336 | +€31,914 | +136% |
| Taxes, remuneration and social security | 45 | - | €9,350 | +€9,350 | |
| Taxes | 450/3 | - | €9,350 | +€9,350 | |
| Other amounts payable | 47/48 | €24,763 | €321 | -€24,442 | -98.7% |
| Remuneration, social security and pensions | 62 | - | €233 | +€233 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,716 | €1,540 | -€1,176 | -43.3% |
| Other operating charges | 640/8 | €1,052 | €1,121 | +€69 | +6.6% |
| Gross operating margin | 9900 | €44,804 | €41,384 | -€3,420 | -7.6% |
| Operating profit (loss) | 9901 | €41,036 | €38,490 | -€2,547 | -6.2% |
| Financial income | 75/76B | €45 | - | -€45 | |
| Recurring financial income | 75 | €45 | - | -€45 | |
| Financial charges | 65/66B | €83 | €84 | +€2 | +1.8% |
| Recurring financial charges | 65 | €83 | €84 | +€2 | +1.8% |
| Profit (loss) for the period before taxes | 9903 | €40,999 | €38,406 | -€2,593 | -6.3% |
| Income taxes | 67/77 | - | €9,350 | +€9,350 | |
| Profit (loss) for the period | 9904 | €40,999 | €29,056 | -€11,943 | -29.1% |
| Profit (loss) for the period to be appropriated | 9905 | €40,999 | €29,056 | -€11,943 | -29.1% |
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 19 October 2026 via checked.be.