BRUSSELS TRADERS: what changed
BRUSSELS TRADERS
Largest movements
- Cash -€31,514
down €31,514 (-83.3%), from €37,826 to €6,312
mainly Net result for the year (-€44,229) and Trade debts (-€4,117)
- Tangible fixed assets -€8,975
down €8,975 (-31.4%), from €28,566 to €19,591
of which Plant, machinery and equipment: -€7,548
- Intangible fixed assets -€4,281
down €4,281 (-32.0%), from €13,373 to €9,092
- Receivables within one year +€2,556
up €2,556 (+74.5%), from €3,430 to €5,986
- Profit (loss) carried forward -€44,229
down €44,229 (-94.5%), from -€46,821 to -€91,050
- Other debts +€5,437
up €5,437 (+10.5%), from €51,768 to €57,205
- Trade debts -€4,117
down €4,117 (-59.3%), from €6,943 to €2,826
- Gross operating margin +€15,431
up €15,431 (+35.2%), from -€43,898 to -€28,467
- Depreciation +€11,128
up €11,128 (+394%), from €2,822 to €13,950
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €83,889 | €40,981 | -€42,908 | -51.1% |
| Formation expenses | 20 | €695 | €0 | -€695 | -100% |
| Fixed assets | 21/28 | €41,939 | €28,683 | -€13,256 | -31.6% |
| Intangible fixed assets | 21 | €13,373 | €9,092 | -€4,281 | -32.0% |
| Tangible fixed assets | 22/27 | €28,566 | €19,591 | -€8,975 | -31.4% |
| Plant, machinery and equipment | 23 | €24,108 | €16,560 | -€7,548 | -31.3% |
| Furniture and vehicles | 24 | €4,458 | €3,031 | -€1,427 | -32.0% |
| Current assets | 29/58 | €41,256 | €12,298 | -€28,958 | -70.2% |
| Amounts receivable within one year | 40/41 | €3,430 | €5,986 | +€2,556 | +74.5% |
| Other amounts receivable | 41 | €3,430 | €5,986 | +€2,556 | +74.5% |
| Cash at bank and in hand | 54/58 | €37,826 | €6,312 | -€31,514 | -83.3% |
| Total equity and liabilities | 10/49 | €83,889 | €40,981 | -€42,908 | -51.1% |
| Equity | 10/15 | -€41,821 | -€86,050 | -€44,229 | -106% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Capital | 10 | - | €5,000 | +€5,000 | |
| Issued capital | 100 | - | €5,000 | +€5,000 | |
| Contributions outside capital | 11 | €5,000 | €0 | -€5,000 | -100% |
| Other | 1109/19 | €5,000 | €0 | -€5,000 | -100% |
| Profit (loss) carried forward | 14 | -€46,821 | -€91,050 | -€44,229 | -94.5% |
| Amounts payable | 17/49 | €125,710 | €127,031 | +€1,320 | +1.1% |
| Amounts payable after more than one year | 17 | €67,000 | €67,000 | = | 0.0% |
| Financial debts | 170/4 | €67,000 | €67,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €58,710 | €60,031 | +€1,320 | +2.2% |
| Trade debts | 44 | €6,943 | €2,826 | -€4,117 | -59.3% |
| Suppliers | 440/4 | €6,943 | €2,826 | -€4,117 | -59.3% |
| Other amounts payable | 47/48 | €51,768 | €57,205 | +€5,437 | +10.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,822 | €13,950 | +€11,128 | +394% |
| Non-recurring operating charges | 66A | - | €1,787 | +€1,787 | |
| Gross operating margin | 9900 | -€43,898 | -€28,467 | +€15,431 | +35.2% |
| Operating profit (loss) | 9901 | -€46,720 | -€44,204 | +€2,516 | +5.4% |
| Financial charges | 65/66B | €101 | €24 | -€77 | -75.9% |
| Recurring financial charges | 65 | €101 | €24 | -€77 | -75.9% |
| Profit (loss) for the period before taxes | 9903 | -€46,821 | -€44,229 | +€2,593 | +5.5% |
| Profit (loss) for the period | 9904 | -€46,821 | -€44,229 | +€2,593 | +5.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€46,821 | -€44,229 | +€2,593 | +5.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.