CO-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.
CO-TRADE
Largest movements
- Receivables within one year -€25,887
down €25,887 (-8.6%), from €300,979 to €275,093
of which Other amounts receivable: -€171,623
- Tangible fixed assets -€4,536
down €4,536 (-28.0%), from €16,181 to €11,645
of which Furniture and vehicles: -€4,536
- Trade debts -€58,475
down €58,475 (-94.2%), from €62,075 to €3,600
- Other debts +€29,699
up €29,699 (+13.8%), from €215,061 to €244,759
- Debts after one year -€7,671
no longer reported in 2025 (was €7,671)
- Financial income +€6,357
new in 2025: €6,357
- Other operating charges +€1,148
up €1,148 (+299%), from €384 to €1,532
- Depreciation -€527
down €527 (-10.4%), from €5,063 to €4,536
- Financial charges -€480
down €480 (-28.5%), from €1,683 to €1,203
- Taxes +€225
up €225 (+6.0%), from €3,764 to €3,989
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 | €329,391 | €298,910 | -€30,481 | -9.3% |
| Fixed assets | 21/28 | €27,469 | €22,934 | -€4,536 | -16.5% |
| Tangible fixed assets | 22/27 | €16,181 | €11,645 | -€4,536 | -28.0% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €16,181 | €11,645 | -€4,536 | -28.0% |
| Financial fixed assets | 28 | €11,288 | €11,288 | = | 0.0% |
| Current assets | 29/58 | €301,921 | €275,977 | -€25,945 | -8.6% |
| Amounts receivable within one year | 40/41 | €300,979 | €275,093 | -€25,887 | -8.6% |
| Trade receivables | 40 | €2,705 | €148,441 | +€145,736 | +5,388% |
| Other amounts receivable | 41 | €298,274 | €126,651 | -€171,623 | -57.5% |
| Cash at bank and in hand | 54/58 | €942 | €231 | -€712 | -75.5% |
| Deferred charges and accrued income | 490/1 | - | €654 | +€654 | |
| Total equity and liabilities | 10/49 | €329,391 | €298,910 | -€30,481 | -9.3% |
| Equity | 10/15 | €32,852 | €33,239 | +€388 | +1.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,937 | €1,937 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,937 | €1,937 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,937 | €1,937 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,315 | €12,702 | +€388 | +3.1% |
| Amounts payable | 17/49 | €296,539 | €265,671 | -€30,868 | -10.4% |
| Amounts payable after more than one year | 17 | €7,671 | - | -€7,671 | |
| Financial debts | 170/4 | €7,671 | - | -€7,671 | |
| Amounts payable within one year | 42/48 | €288,868 | €265,671 | -€23,197 | -8.0% |
| Current portion of amounts payable after more than one year | 42 | €7,302 | €7,671 | +€370 | +5.1% |
| Trade debts | 44 | €62,075 | €3,600 | -€58,475 | -94.2% |
| Suppliers | 440/4 | €62,075 | €3,600 | -€58,475 | -94.2% |
| Advances received on contracts in progress | 46 | - | €2,420 | +€2,420 | |
| Taxes, remuneration and social security | 45 | €4,430 | €7,220 | +€2,790 | +63.0% |
| Taxes | 450/3 | €4,430 | €7,220 | +€2,790 | +63.0% |
| Other amounts payable | 47/48 | €215,061 | €244,759 | +€29,699 | +13.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,063 | €4,536 | -€527 | -10.4% |
| Other operating charges | 640/8 | €384 | €1,532 | +€1,148 | +299% |
| Gross operating margin | 9900 | €5,338 | €5,290 | -€48 | -0.9% |
| Operating profit (loss) | 9901 | -€109 | -€778 | -€669 | -615% |
| Financial income | 75/76B | - | €6,357 | +€6,357 | |
| Recurring financial income | 75 | - | €6,357 | +€6,357 | |
| Financial charges | 65/66B | €1,683 | €1,203 | -€480 | -28.5% |
| Recurring financial charges | 65 | €1,683 | €1,203 | -€480 | -28.5% |
| Profit (loss) for the period before taxes | 9903 | -€1,792 | €4,376 | +€6,168 | |
| Income taxes | 67/77 | €3,764 | €3,989 | +€225 | +6.0% |
| Profit (loss) for the period | 9904 | -€5,556 | €388 | +€5,943 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,556 | €388 | +€5,943 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.