EURO 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.
EURO TRADING
Largest movements
- Receivables within one year -€16,247
down €16,247 (-7.9%), from €206,273 to €190,025
of which Other amounts receivable: -€38,185
- Debts after one year -€32,557
down €32,557 (-20.4%), from €159,787 to €127,229
- Reserves +€15,346
up €15,346 (+12.1%), from €126,851 to €142,197
of which Distributable reserves: +€15,346
- Tax, wage and social debts +€6,173
up €6,173 (+482.5%), from €1,279 to €7,452
- Taxes +€5,549
new in 2025: €5,549
- Gross operating margin -€5,343
down €5,343 (-14.7%), from €36,453 to €31,110
- Financial charges +€4,657
up €4,657 (+595.7%), from €782 to €5,439
- Other operating charges +€2,546
up €2,546 (+50.1%), from €5,082 to €7,628
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 | €486,650 | €471,670 | -€14,980 | -3.1% |
| Fixed assets | 21/28 | €273,466 | €273,466 | = | 0.0% |
| Tangible fixed assets | 22/27 | €273,466 | €273,466 | = | 0.0% |
| Land and buildings | 22 | €273,466 | €273,466 | = | 0.0% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €213,184 | €198,204 | -€14,980 | -7.0% |
| Amounts receivable within one year | 40/41 | €206,273 | €190,025 | -€16,247 | -7.9% |
| Trade receivables | 40 | €42,179 | €64,117 | +€21,938 | +52.0% |
| Other amounts receivable | 41 | €164,094 | €125,908 | -€38,185 | -23.3% |
| Cash at bank and in hand | 54/58 | €6,911 | €8,179 | +€1,268 | +18.3% |
| Total equity and liabilities | 10/49 | €486,650 | €471,670 | -€14,980 | -3.1% |
| Equity | 10/15 | €281,851 | €297,197 | +€15,346 | +5.4% |
| Contributions | 10/11 | €155,000 | €155,000 | = | 0.0% |
| Reserves | 13 | €126,851 | €142,197 | +€15,346 | +12.1% |
| Non-distributable reserves | 130/1 | €15,500 | €15,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €15,500 | €15,500 | = | 0.0% |
| Distributable reserves | 133 | €111,351 | €126,697 | +€15,346 | +13.8% |
| Amounts payable | 17/49 | €204,798 | €174,473 | -€30,326 | -14.8% |
| Amounts payable after more than one year | 17 | €159,787 | €127,229 | -€32,557 | -20.4% |
| Financial debts | 170/4 | €159,787 | €127,229 | -€32,557 | -20.4% |
| Amounts payable within one year | 42/48 | €45,012 | €46,858 | +€1,846 | +4.1% |
| Current portion of amounts payable after more than one year | 42 | €41,213 | €38,979 | -€2,235 | -5.4% |
| Trade debts | 44 | €2,504 | €413 | -€2,091 | -83.5% |
| Suppliers | 440/4 | €2,504 | €413 | -€2,091 | -83.5% |
| Taxes, remuneration and social security | 45 | €1,279 | €7,452 | +€6,173 | +482.5% |
| Taxes | 450/3 | €1,279 | €7,452 | +€6,173 | +482.5% |
| Other amounts payable | 47/48 | €15 | €15 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €385 | +€385 | |
| Other operating charges | 640/8 | €5,082 | €7,628 | +€2,546 | +50.1% |
| Non-recurring operating charges | 66A | €33,389 | - | -€33,389 | |
| Gross operating margin | 9900 | €36,453 | €31,110 | -€5,343 | -14.7% |
| Operating profit (loss) | 9901 | -€2,017 | €23,483 | +€25,500 | |
| Financial income | 75/76B | €2,696 | €2,851 | +€155 | +5.7% |
| Recurring financial income | 75 | €2,696 | €2,851 | +€155 | +5.7% |
| Financial charges | 65/66B | €782 | €5,439 | +€4,657 | +595.7% |
| Recurring financial charges | 65 | €782 | €5,439 | +€4,657 | +595.7% |
| Profit (loss) for the period before taxes | 9903 | -€103 | €20,895 | +€20,998 | |
| Income taxes | 67/77 | - | €5,549 | +€5,549 | |
| Profit (loss) for the period | 9904 | -€103 | €15,346 | +€15,449 | |
| Profit (loss) for the period to be appropriated | 9905 | -€103 | €15,346 | +€15,449 |
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 11 October 2026 via checked.be.