E & R 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.
What changed
E & R TRADING
NACE 46.180, Agents specialised in the wholesale of other particular products
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€55,920
2024 · €46,559+€9,362
Equity
€1.0m
2024 · €968,728+€55,920
Cash
€23,761
2024 · €17,689+€6,072
Balance sheet total
€2.6m
2024 · €2.6m-€31,509
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Debts after one year -€86,667
down €86,667 (-14.8%), from €585,412 to €498,745
- Reserves +€55,920
up €55,920 (+6.0%), from €931,528 to €987,448
of which Distributable reserves: +€55,920
Income statement
- Financial charges -€6,910
down €6,910 (-32.3%), from €21,373 to €14,463
- Gross operating margin +€4,785
up €4,785 (+2.9%), from €167,195 to €171,980
- Taxes +€4,532
up €4,532 (+19.6%), from €23,158 to €27,690
- Financial income +€3,692
up €3,692 (+96.2%), from €3,840 to €7,532
- Staff costs +€2,507
up €2,507 (+3.9%), from €63,648 to €66,156
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.
Result 2024
€46,559
Gross operating margin
+€4,785
Staff costs
-€2,507
Other operating charges
+€1,014
Financial income
+€3,692
Financial charges
+€6,910
Taxes
-€4,532
Result 2025
€55,920
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.
From operations
+€101,003
Investment
€0
Financing
-€94,931
Cash 2024
€17,689
From operations (derived)
+€101,003
Net result for the year
+€55,920
Depreciation
+€9,760
Stocks and contracts
+€24,250
Receivables within one year
+€3,981
Deferred charges and accrued income
-€411
Trade debts
+€3,550
Tax, wage and social debts
+€8,952
Advances received
-€5,000
Financing
-€94,931
Debts after one year
-€86,667
Current portion of long-term debt
-€8,240
Short-term financial debts
-€24
Cash 2025
€23,761
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,603,807 | €2,572,298 | -€31,509 | -1.2% |
| Fixed assets | 21/28 | €1,563,403 | €1,553,643 | -€9,760 | -0.6% |
| Tangible fixed assets | 22/27 | €1,278,527 | €1,268,767 | -€9,760 | -0.8% |
| Land and buildings | 22 | €1,278,527 | €1,268,767 | -€9,760 | -0.8% |
| Financial fixed assets | 28 | €284,876 | €284,876 | = | 0.0% |
| Current assets | 29/58 | €1,040,404 | €1,018,655 | -€21,749 | -2.1% |
| Stocks and contracts in progress | 3 | €247,000 | €222,750 | -€24,250 | -9.8% |
| Stocks | 30/36 | €247,000 | €222,750 | -€24,250 | -9.8% |
| Amounts receivable within one year | 40/41 | €772,434 | €768,453 | -€3,981 | -0.5% |
| Trade receivables | 40 | €4,559 | €20,210 | +€15,652 | +343.3% |
| Other amounts receivable | 41 | €767,875 | €748,243 | -€19,633 | -2.6% |
| Cash at bank and in hand | 54/58 | €17,689 | €23,761 | +€6,072 | +34.3% |
| Deferred charges and accrued income | 490/1 | €3,280 | €3,691 | +€411 | +12.5% |
| Total equity and liabilities | 10/49 | €2,603,807 | €2,572,298 | -€31,509 | -1.2% |
| Equity | 10/15 | €968,728 | €1,024,648 | +€55,920 | +5.8% |
| Contributions | 10/11 | €37,200 | €37,200 | = | 0.0% |
| Reserves | 13 | €931,528 | €987,448 | +€55,920 | +6.0% |
| Non-distributable reserves | 130/1 | €3,720 | €3,720 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,720 | €3,720 | = | 0.0% |
| Distributable reserves | 133 | €927,808 | €983,728 | +€55,920 | +6.0% |
| Amounts payable | 17/49 | €1,635,079 | €1,547,650 | -€87,429 | -5.3% |
| Amounts payable after more than one year | 17 | €585,412 | €498,745 | -€86,667 | -14.8% |
| Financial debts | 170/4 | €585,412 | €498,745 | -€86,667 | -14.8% |
| Amounts payable within one year | 42/48 | €1,049,667 | €1,048,905 | -€762 | -0.1% |
| Current portion of amounts payable after more than one year | 42 | €94,907 | €86,667 | -€8,240 | -8.7% |
| Financial debts | 43 | €5,104 | €5,080 | -€24 | -0.5% |
| Credit institutions | 430/8 | €5,104 | €5,080 | -€24 | -0.5% |
| Trade debts | 44 | €6,643 | €10,192 | +€3,550 | +53.4% |
| Suppliers | 440/4 | €6,643 | €10,192 | +€3,550 | +53.4% |
| Advances received on contracts in progress | 46 | €5,000 | €0 | -€5,000 | -100.0% |
| Taxes, remuneration and social security | 45 | €15,844 | €24,796 | +€8,952 | +56.5% |
| Taxes | 450/3 | €12,275 | €13,382 | +€1,106 | +9.0% |
| Remuneration and social security | 454/9 | €3,569 | €11,415 | +€7,846 | +219.8% |
| Other amounts payable | 47/48 | €922,169 | €922,169 | = | 0.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €63,648 | €66,156 | +€2,507 | +3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,760 | €9,760 | = | 0.0% |
| Other operating charges | 640/8 | €6,537 | €5,523 | -€1,014 | -15.5% |
| Gross operating margin | 9900 | €167,195 | €171,980 | +€4,785 | +2.9% |
| Operating profit (loss) | 9901 | €87,250 | €90,541 | +€3,291 | +3.8% |
| Financial income | 75/76B | €3,840 | €7,532 | +€3,692 | +96.2% |
| Recurring financial income | 75 | €3,840 | €7,532 | +€3,692 | +96.2% |
| Financial charges | 65/66B | €21,373 | €14,463 | -€6,910 | -32.3% |
| Recurring financial charges | 65 | €21,373 | €14,463 | -€6,910 | -32.3% |
| Profit (loss) for the period before taxes | 9903 | €69,716 | €83,610 | +€13,894 | +19.9% |
| Income taxes | 67/77 | €23,158 | €27,690 | +€4,532 | +19.6% |
| Profit (loss) for the period | 9904 | €46,559 | €55,920 | +€9,362 | +20.1% |
| Profit (loss) for the period to be appropriated | 9905 | €46,559 | €55,920 | +€9,362 | +20.1% |
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.