Class Trading: 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.
Class Trading
Largest movements
- Stocks and contracts -€44,000
down €44,000 (-36.1%), from €122,034 to €78,034
- Receivables within one year -€23,717
down €23,717 (-27.5%), from €86,257 to €62,540
of which Trade receivables: -€35,202
- Tangible fixed assets -€5,871
down €5,871 (-34.4%), from €17,050 to €11,179
of which Plant, machinery and equipment: -€3,940
- Cash +€3,141
up €3,141 (+15.0%), from €20,989 to €24,130
mainly Stocks and contracts (+€44,000) and Receivables within one year (+€23,717)
- Trade debts -€85,185
down €85,185 (-62.6%), from €136,144 to €50,960
- Profit (loss) carried forward +€10,279
up €10,279 (+10.8%), from €95,467 to €105,746
- Tax, wage and social debts +€4,459
up €4,459 (+36.4%), from €12,235 to €16,694
of which Taxes: +€2,489
- Gross operating margin +€40,934
up €40,934 (+38.5%), from €106,336 to €147,270
- Staff costs +€29,617
up €29,617 (+32.4%), from €91,533 to €121,150
- Other operating charges +€3,198
up €3,198 (+170.1%), from €1,880 to €5,078
- Taxes +€2,896
up €2,896 (+153.2%), from €1,890 to €4,786
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 | €275,355 | €204,908 | -€70,447 | -25.6% |
| Fixed assets | 21/28 | €46,075 | €40,205 | -€5,871 | -12.7% |
| Tangible fixed assets | 22/27 | €17,050 | €11,179 | -€5,871 | -34.4% |
| Plant, machinery and equipment | 23 | €12,223 | €8,283 | -€3,940 | -32.2% |
| Furniture and vehicles | 24 | €4,826 | €2,896 | -€1,931 | -40.0% |
| Financial fixed assets | 28 | €29,025 | €29,025 | = | 0.0% |
| Current assets | 29/58 | €229,280 | €164,703 | -€64,576 | -28.2% |
| Stocks and contracts in progress | 3 | €122,034 | €78,034 | -€44,000 | -36.1% |
| Stocks | 30/36 | €122,034 | €78,034 | -€44,000 | -36.1% |
| Amounts receivable within one year | 40/41 | €86,257 | €62,540 | -€23,717 | -27.5% |
| Trade receivables | 40 | €72,113 | €36,911 | -€35,202 | -48.8% |
| Other amounts receivable | 41 | €14,145 | €25,629 | +€11,485 | +81.2% |
| Cash at bank and in hand | 54/58 | €20,989 | €24,130 | +€3,141 | +15.0% |
| Total equity and liabilities | 10/49 | €275,355 | €204,908 | -€70,447 | -25.6% |
| Equity | 10/15 | €126,975 | €137,254 | +€10,279 | +8.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €12,908 | €12,908 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €11,048 | €11,048 | = | 0.0% |
| Profit (loss) carried forward | 14 | €95,467 | €105,746 | +€10,279 | +10.8% |
| Amounts payable | 17/49 | €148,380 | €67,654 | -€80,726 | -54.4% |
| Amounts payable within one year | 42/48 | €148,380 | €67,654 | -€80,726 | -54.4% |
| Trade debts | 44 | €136,144 | €50,960 | -€85,185 | -62.6% |
| Suppliers | 440/4 | €136,144 | €50,960 | -€85,185 | -62.6% |
| Taxes, remuneration and social security | 45 | €12,235 | €16,694 | +€4,459 | +36.4% |
| Taxes | 450/3 | €4,300 | €6,789 | +€2,489 | +57.9% |
| Remuneration and social security | 454/9 | €7,935 | €9,905 | +€1,970 | +24.8% |
| Remuneration, social security and pensions | 62 | €91,533 | €121,150 | +€29,617 | +32.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,871 | €5,871 | = | 0.0% |
| Other operating charges | 640/8 | €1,880 | €5,078 | +€3,198 | +170.1% |
| Gross operating margin | 9900 | €106,336 | €147,270 | +€40,934 | +38.5% |
| Operating profit (loss) | 9901 | €7,052 | €15,171 | +€8,119 | +115.1% |
| Financial charges | 65/66B | €304 | €106 | -€198 | -65.2% |
| Recurring financial charges | 65 | €304 | €106 | -€198 | -65.2% |
| Profit (loss) for the period before taxes | 9903 | €6,748 | €15,065 | +€8,317 | +123.3% |
| Income taxes | 67/77 | €1,890 | €4,786 | +€2,896 | +153.2% |
| Profit (loss) for the period | 9904 | €4,858 | €10,279 | +€5,421 | +111.6% |
| Profit (loss) for the period to be appropriated | 9905 | €4,858 | €10,279 | +€5,421 | +111.6% |
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 9 October 2026 via checked.be.