CHANNEL TRADE: 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.
CHANNEL TRADE
Largest movements
- Cash +€48,454
up €48,454 (+29.4%), from €164,600 to €213,054
mainly Other debts (+€107,344) and Depreciation (+€30,838)
- Receivables within one year -€23,654
down €23,654 (-17.6%), from €134,390 to €110,736
of which Other amounts receivable: -€17,904
- Tangible fixed assets -€15,983
down €15,983 (-3.9%), from €409,927 to €393,944
of which Land and buildings: -€15,978
- Other debts +€107,344
up €107,344 (+515%), from €20,854 to €128,197
- Reserves -€91,860
down €91,860 (-15.0%), from €611,860 to €520,000
- Trade debts -€14,494
down €14,494 (-34.0%), from €42,654 to €28,160
- Tax, wage and social debts +€12,035
up €12,035 (+167%), from €7,225 to €19,260
of which Remuneration and social security: +€9,852
- Gross operating margin +€101,629
up €101,629 (+70.2%), from €144,814 to €246,443
- Staff costs +€77,241
up €77,241 (+98.5%), from €78,449 to €155,690
- Financial charges +€7,659
up €7,659 (+125%), from €6,117 to €13,776
- Financial income -€4,298
down €4,298 (-80.5%), from €5,337 to €1,039
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 | €710,802 | €717,814 | +€7,012 | +1.0% |
| Fixed assets | 21/28 | €410,007 | €394,024 | -€15,983 | -3.9% |
| Tangible fixed assets | 22/27 | €409,927 | €393,944 | -€15,983 | -3.9% |
| Land and buildings | 22 | €408,917 | €392,939 | -€15,978 | -3.9% |
| Furniture and vehicles | 24 | €1,010 | €1,005 | -€5 | -0.5% |
| Financial fixed assets | 28 | €80 | €80 | = | 0.0% |
| Current assets | 29/58 | €300,795 | €323,790 | +€22,995 | +7.6% |
| Amounts receivable within one year | 40/41 | €134,390 | €110,736 | -€23,654 | -17.6% |
| Trade receivables | 40 | €103,431 | €97,681 | -€5,750 | -5.6% |
| Other amounts receivable | 41 | €30,959 | €13,054 | -€17,904 | -57.8% |
| Cash at bank and in hand | 54/58 | €164,600 | €213,054 | +€48,454 | +29.4% |
| Deferred charges and accrued income | 490/1 | €1,805 | - | -€1,805 | |
| Total equity and liabilities | 10/49 | €710,802 | €717,814 | +€7,012 | +1.0% |
| Equity | 10/15 | €633,213 | €538,778 | -€94,435 | -14.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €611,860 | €520,000 | -€91,860 | -15.0% |
| Distributable reserves | 133 | €611,860 | €520,000 | -€91,860 | -15.0% |
| Profit (loss) carried forward | 14 | €2,753 | €178 | -€2,575 | -93.5% |
| Amounts payable | 17/49 | €77,589 | €179,036 | +€101,447 | +131% |
| Amounts payable within one year | 42/48 | €77,589 | €179,036 | +€101,447 | +131% |
| Current portion of amounts payable after more than one year | 42 | €6,856 | €3,418 | -€3,438 | -50.1% |
| Trade debts | 44 | €42,654 | €28,160 | -€14,494 | -34.0% |
| Suppliers | 440/4 | €42,654 | €28,160 | -€14,494 | -34.0% |
| Taxes, remuneration and social security | 45 | €7,225 | €19,260 | +€12,035 | +167% |
| Taxes | 450/3 | - | €2,183 | +€2,183 | |
| Remuneration and social security | 454/9 | €7,225 | €17,077 | +€9,852 | +136% |
| Other amounts payable | 47/48 | €20,854 | €128,197 | +€107,344 | +515% |
| Remuneration, social security and pensions | 62 | €78,449 | €155,690 | +€77,241 | +98.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,659 | €30,838 | -€1,821 | -5.6% |
| Other operating charges | 640/8 | €3,087 | €4,693 | +€1,607 | +52.1% |
| Gross operating margin | 9900 | €144,814 | €246,443 | +€101,629 | +70.2% |
| Operating profit (loss) | 9901 | €30,619 | €55,222 | +€24,603 | +80.4% |
| Financial income | 75/76B | €5,337 | €1,039 | -€4,298 | -80.5% |
| Recurring financial income | 75 | €5,337 | €1,039 | -€4,298 | -80.5% |
| Financial charges | 65/66B | €6,117 | €13,776 | +€7,659 | +125% |
| Recurring financial charges | 65 | €6,117 | €13,776 | +€7,659 | +125% |
| Profit (loss) for the period before taxes | 9903 | €29,840 | €42,485 | +€12,645 | +42.4% |
| Income taxes | 67/77 | €9,564 | €11,920 | +€2,356 | +24.6% |
| Profit (loss) for the period | 9904 | €20,275 | €30,565 | +€10,290 | +50.7% |
| Profit (loss) for the period to be appropriated | 9905 | €20,275 | €30,565 | +€10,290 | +50.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.