C. 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.
C. TRADERS
Largest movements
- Tangible fixed assets -€17,860
down €17,860 (-20.5%), from €87,259 to €69,399
of which Furniture and vehicles: -€15,757
- Cash +€3,597
up €3,597 (+3.9%), from €92,945 to €96,542
mainly Depreciation (+€18,947)
- Profit (loss) carried forward -€10,477
down €10,477 (-9.2%), from €114,138 to €103,660
- Gross operating margin -€4,296
down €4,296 (-33.2%), from €12,942 to €8,646
- Depreciation -€271
down €271 (-1.4%), from €19,218 to €18,947
- Other operating charges -€259
down €259 (-35.4%), from €732 to €473
- Financial income -€207
down €207 (-26.8%), from €772 to €566
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 | €186,027 | €172,741 | -€13,286 | -7.1% |
| Fixed assets | 21/28 | €87,259 | €69,399 | -€17,860 | -20.5% |
| Tangible fixed assets | 22/27 | €87,259 | €69,399 | -€17,860 | -20.5% |
| Plant, machinery and equipment | 23 | €26,538 | €24,435 | -€2,103 | -7.9% |
| Furniture and vehicles | 24 | €60,720 | €44,963 | -€15,757 | -26.0% |
| Current assets | 29/58 | €98,768 | €103,342 | +€4,574 | +4.6% |
| Amounts receivable within one year | 40/41 | €5,823 | €5,839 | +€16 | +0.3% |
| Trade receivables | 40 | €2,741 | €5,774 | +€3,033 | +110.6% |
| Other amounts receivable | 41 | €3,081 | €65 | -€3,017 | -97.9% |
| Cash at bank and in hand | 54/58 | €92,945 | €96,542 | +€3,597 | +3.9% |
| Deferred charges and accrued income | 490/1 | - | €962 | +€962 | |
| Total equity and liabilities | 10/49 | €186,027 | €172,741 | -€13,286 | -7.1% |
| Equity | 10/15 | €182,735 | €172,258 | -€10,477 | -5.7% |
| Reserves | 13 | €68,597 | €68,597 | = | 0.0% |
| Non-distributable reserves | 130/1 | €31,397 | €31,397 | = | 0.0% |
| Reserves not available under the articles | 1311 | €31,397 | €31,397 | = | 0.0% |
| Distributable reserves | 133 | €37,200 | €37,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €114,138 | €103,660 | -€10,477 | -9.2% |
| Amounts payable | 17/49 | €3,292 | €483 | -€2,808 | -85.3% |
| Amounts payable within one year | 42/48 | €3,292 | €483 | -€2,808 | -85.3% |
| Trade debts | 44 | €2,243 | €483 | -€1,759 | -78.4% |
| Suppliers | 440/4 | €2,243 | €483 | -€1,759 | -78.4% |
| Taxes, remuneration and social security | 45 | €1,049 | - | -€1,049 | |
| Taxes | 450/3 | €1,049 | - | -€1,049 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,218 | €18,947 | -€271 | -1.4% |
| Other operating charges | 640/8 | €732 | €473 | -€259 | -35.4% |
| Gross operating margin | 9900 | €12,942 | €8,646 | -€4,296 | -33.2% |
| Operating profit (loss) | 9901 | -€7,008 | -€10,774 | -€3,766 | -53.7% |
| Financial income | 75/76B | €772 | €566 | -€207 | -26.8% |
| Recurring financial income | 75 | €772 | €566 | -€207 | -26.8% |
| Financial charges | 65/66B | €302 | €179 | -€122 | -40.6% |
| Recurring financial charges | 65 | €302 | €179 | -€122 | -40.6% |
| Profit (loss) for the period before taxes | 9903 | -€6,537 | -€10,387 | -€3,850 | -58.9% |
| Income taxes | 67/77 | €96 | €90 | -€6 | -6.1% |
| Profit (loss) for the period | 9904 | -€6,633 | -€10,477 | -€3,844 | -58.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,633 | -€10,477 | -€3,844 | -58.0% |
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 10 October 2026 via checked.be.