INNOVATIVE TRADING & SERVICES: 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
INNOVATIVE TRADING & SERVICES
NACE 46.832, Wholesale of timber
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€61,726
2024 · €381,960-€320,234
Equity
€2.6m
2024 · €2.6m+€61,726
Cash
€691,585
2024 · €2.2m-€1.5m
Balance sheet total
€3.6m
2024 · €3.5m+€49,109
Largest movements
Assets
- Cash -€1.5m
down €1.5m (-68.8%), from €2.2m to €691,585
mainly Current investments (-€1.4m) and Receivables within one year (-€373,184)
- Current investments +€1.4m
new in 2025: €1.4m
- Receivables within one year +€373,184
up €373,184 (+840%), from €44,434 to €417,618
of which Other amounts receivable: +€367,709
- Tangible fixed assets -€166,923
down €166,923 (-13.5%), from €1.2m to €1.1m
Equity and liabilities
- Profit (loss) carried forward +€58,639
up €58,639 (+4.6%), from €1.3m to €1.3m
Income statement
- Gross operating margin -€454,984
down €454,984 (-54.3%), from €837,794 to €382,810
- Taxes -€110,517
down €110,517 (-78.6%), from €140,624 to €30,107
- Depreciation -€20,904
down €20,904 (-9.9%), from €211,702 to €190,798
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
€381,960
Gross operating margin
-€454,984
Staff costs
-€1,878
Depreciation
+€20,904
Other operating charges
-€314
Financial income
+€2,967
Financial charges
+€2,555
Taxes
+€110,517
Result 2025
€61,726
raises the resultlowers the result
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.
From operations
-€135,309
Investment
-€1.4m
Financing
€0
Cash 2024
€2.2m
From operations (derived)
-€135,309
Net result for the year
+€61,726
Depreciation
+€190,798
Receivables within one year
-€373,184
Deferred charges and accrued income
-€2,033
Trade debts
-€16,035
Tax, wage and social debts
+€30,739
Accrued charges and deferred income
-€27,320
Investment (derived)
-€1.4m
Investment in fixed assets (net)
-€23,875
Current investments
-€1.4m
Cash 2025
€691,585
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,503,676 | €3,552,785 | +€49,109 | +1.4% |
| Fixed assets | 21/28 | €1,237,623 | €1,070,700 | -€166,923 | -13.5% |
| Tangible fixed assets | 22/27 | €1,237,542 | €1,070,618 | -€166,923 | -13.5% |
| Plant, machinery and equipment | 23 | €444,534 | €379,497 | -€65,037 | -14.6% |
| Furniture and vehicles | 24 | €68,514 | €47,127 | -€21,387 | -31.2% |
| Leasing and similar rights | 25 | €724,493 | €643,994 | -€80,499 | -11.1% |
| Financial fixed assets | 28 | €82 | €82 | = | 0.0% |
| Current assets | 29/58 | €2,266,052 | €2,482,085 | +€216,033 | +9.5% |
| Amounts receivable within one year | 40/41 | €44,434 | €417,618 | +€373,184 | +840% |
| Trade receivables | 40 | €25,157 | €30,632 | +€5,475 | +21.8% |
| Other amounts receivable | 41 | €19,277 | €386,986 | +€367,709 | +1,907% |
| Current investments | 50/53 | - | €1,363,800 | +€1.4m | |
| Cash at bank and in hand | 54/58 | €2,214,569 | €691,585 | -€1.5m | -68.8% |
| Deferred charges and accrued income | 490/1 | €7,049 | €9,082 | +€2,033 | +28.8% |
| Total equity and liabilities | 10/49 | €3,503,676 | €3,552,785 | +€49,109 | +1.4% |
| Equity | 10/15 | €2,585,274 | €2,646,999 | +€61,726 | +2.4% |
| Contributions | 10/11 | €1,000,000 | €1,000,000 | = | 0.0% |
| Capital | 10 | €1,000,000 | €1,000,000 | = | 0.0% |
| Issued capital | 100 | €2,000,000 | €2,000,000 | = | 0.0% |
| Uncalled capital | 101 | €1,000,000 | €1,000,000 | = | 0.0% |
| Reserves | 13 | €303,548 | €306,635 | +€3,087 | +1.0% |
| Non-distributable reserves | 130/1 | €25,295 | €28,382 | +€3,087 | +12.2% |
| Legal reserve | 130 | €25,295 | €28,382 | +€3,087 | +12.2% |
| Distributable reserves | 133 | €278,252 | €278,252 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,281,726 | €1,340,365 | +€58,639 | +4.6% |
| Provisions and deferred taxes | 16 | €1,194 | €1,194 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €1,194 | €1,194 | = | 0.0% |
| Other liabilities and charges | 164/5 | €1,194 | €1,194 | = | 0.0% |
| Amounts payable | 17/49 | €917,208 | €904,592 | -€12,616 | -1.4% |
| Amounts payable after more than one year | 17 | €600,000 | €600,000 | = | 0.0% |
| Other amounts payable | 178/9 | €600,000 | €600,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €197,242 | €211,946 | +€14,704 | +7.5% |
| Trade debts | 44 | €157,341 | €141,307 | -€16,035 | -10.2% |
| Suppliers | 440/4 | €157,341 | €141,307 | -€16,035 | -10.2% |
| Taxes, remuneration and social security | 45 | €29,261 | €59,999 | +€30,739 | +105% |
| Taxes | 450/3 | €22,001 | €55,366 | +€33,365 | +152% |
| Remuneration and social security | 454/9 | €7,260 | €4,633 | -€2,627 | -36.2% |
| Other amounts payable | 47/48 | €10,640 | €10,640 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €119,966 | €92,646 | -€27,320 | -22.8% |
| Remuneration, social security and pensions | 62 | €41,204 | €43,082 | +€1,878 | +4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €211,702 | €190,798 | -€20,904 | -9.9% |
| Other operating charges | 640/8 | €38,171 | €38,486 | +€314 | +0.8% |
| Gross operating margin | 9900 | €837,794 | €382,810 | -€454,984 | -54.3% |
| Operating profit (loss) | 9901 | €546,717 | €110,445 | -€436,273 | -79.8% |
| Financial income | 75/76B | €40 | €3,007 | +€2,967 | +7,491% |
| Recurring financial income | 75 | €40 | €3,007 | +€2,967 | +7,491% |
| Financial charges | 65/66B | €24,174 | €21,619 | -€2,555 | -10.6% |
| Recurring financial charges | 65 | €24,174 | €21,619 | -€2,555 | -10.6% |
| Profit (loss) for the period before taxes | 9903 | €522,583 | €91,833 | -€430,751 | -82.4% |
| Income taxes | 67/77 | €140,624 | €30,107 | -€110,517 | -78.6% |
| Profit (loss) for the period | 9904 | €381,960 | €61,726 | -€320,234 | -83.8% |
| Profit (loss) for the period to be appropriated | 9905 | €381,960 | €61,726 | -€320,234 | -83.8% |
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.