DIRECT TRADE OVERSEAS: 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.
DIRECT TRADE OVERSEAS
Largest movements
- Receivables within one year -€93,989
down €93,989 (-39.2%), from €240,044 to €146,055
of which Trade receivables: -€90,069
- Cash +€35,960
up €35,960 (+18.2%), from €197,042 to €233,002
mainly Receivables within one year (+€93,989) and Net result for the year (+€35,715)
- Stocks and contracts -€14,994
no longer reported in 2025 (was €14,994)
- Trade debts -€85,327
down €85,327 (-60.7%), from €140,537 to €55,209
- Profit (loss) carried forward +€5,715
up €5,715 (+2.5%), from €226,560 to €232,275
- Other debts +€4,852
up €4,852 (+10.6%), from €45,723 to €50,575
- Gross operating margin -€25,307
down €25,307 (-25.6%), from €98,750 to €73,443
- Taxes -€5,591
down €5,591 (-33.7%), from €16,615 to €11,023
- Financial income +€2,318
new in 2025: €2,318
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 | €457,650 | €385,594 | -€72,055 | -15.7% |
| Fixed assets | 21/28 | €3,853 | €3,853 | = | 0.0% |
| Financial fixed assets | 28 | €3,853 | €3,853 | = | 0.0% |
| Current assets | 29/58 | €453,797 | €381,741 | -€72,055 | -15.9% |
| Stocks and contracts in progress | 3 | €14,994 | - | -€14,994 | |
| Stocks | 30/36 | €14,994 | - | -€14,994 | |
| Amounts receivable within one year | 40/41 | €240,044 | €146,055 | -€93,989 | -39.2% |
| Trade receivables | 40 | €229,213 | €139,144 | -€90,069 | -39.3% |
| Other amounts receivable | 41 | €10,831 | €6,911 | -€3,920 | -36.2% |
| Cash at bank and in hand | 54/58 | €197,042 | €233,002 | +€35,960 | +18.2% |
| Deferred charges and accrued income | 490/1 | €1,716 | €2,685 | +€968 | +56.4% |
| Total equity and liabilities | 10/49 | €457,650 | €385,594 | -€72,055 | -15.7% |
| Equity | 10/15 | €247,020 | €252,735 | +€5,715 | +2.3% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | €226,560 | €232,275 | +€5,715 | +2.5% |
| Amounts payable | 17/49 | €210,630 | €132,859 | -€77,771 | -36.9% |
| Amounts payable within one year | 42/48 | €210,610 | €132,859 | -€77,751 | -36.9% |
| Trade debts | 44 | €140,537 | €55,209 | -€85,327 | -60.7% |
| Suppliers | 440/4 | €140,537 | €55,209 | -€85,327 | -60.7% |
| Taxes, remuneration and social security | 45 | €24,351 | €27,075 | +€2,725 | +11.2% |
| Taxes | 450/3 | €16,115 | €18,709 | +€2,594 | +16.1% |
| Remuneration and social security | 454/9 | €8,236 | €8,366 | +€130 | +1.6% |
| Other amounts payable | 47/48 | €45,723 | €50,575 | +€4,852 | +10.6% |
| Accrued charges and deferred income | 492/3 | €20 | - | -€20 | |
| Remuneration, social security and pensions | 62 | €20,493 | €21,359 | +€866 | +4.2% |
| Other operating charges | 640/8 | €1,277 | €1,327 | +€50 | +3.9% |
| Gross operating margin | 9900 | €98,750 | €73,443 | -€25,307 | -25.6% |
| Operating profit (loss) | 9901 | €76,980 | €50,757 | -€26,222 | -34.1% |
| Financial income | 75/76B | - | €2,318 | +€2,318 | |
| Recurring financial income | 75 | - | €2,318 | +€2,318 | |
| Financial charges | 65/66B | €6,524 | €6,337 | -€187 | -2.9% |
| Recurring financial charges | 65 | €6,524 | €6,337 | -€187 | -2.9% |
| Profit (loss) for the period before taxes | 9903 | €70,456 | €46,738 | -€23,717 | -33.7% |
| Income taxes | 67/77 | €16,615 | €11,023 | -€5,591 | -33.7% |
| Profit (loss) for the period | 9904 | €53,841 | €35,715 | -€18,126 | -33.7% |
| Profit (loss) for the period to be appropriated | 9905 | €53,841 | €35,715 | -€18,126 | -33.7% |
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 31 October 2026 via checked.be.