NEGOTRADE: 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.
NEGOTRADE
Largest movements
- Current investments -€412,621
down €412,621 (-75.0%), from €549,799 to €137,179
- Cash -€273,327
down €273,327 (-43.7%), from €625,839 to €352,512
mainly Other debts (-€391,923) and Debts after one year (-€375,355)
- Receivables within one year -€177,708
down €177,708 (-77.0%), from €230,652 to €52,943
of which Trade receivables: -€225,108
- Other debts -€391,923
down €391,923 (-51.2%), from €764,888 to €372,965
- Debts after one year -€375,355
down €375,355 (-12.1%), from €3.1m to €2.7m
of which Financial debts: -€375,355
- Tax, wage and social debts -€86,824
down €86,824 (-49.2%), from €176,321 to €89,497
- Gross operating margin -€82,976
down €82,976 (-9.2%), from €900,399 to €817,423
- Financial income -€38,483
down €38,483 (-99.2%), from €38,776 to €293
- Depreciation -€35,347
down €35,347 (-14.4%), from €245,258 to €209,911
- Taxes -€20,505
down €20,505 (-11.1%), from €184,742 to €164,236
- Other operating charges -€14,902
down €14,902 (-46.3%), from €32,171 to €17,268
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 | €6,055,304 | €5,166,435 | -€888,869 | -14.7% |
| Fixed assets | 21/28 | €4,609,260 | €4,593,028 | -€16,231 | -0.4% |
| Tangible fixed assets | 22/27 | €4,609,260 | €4,593,028 | -€16,231 | -0.4% |
| Land and buildings | 22 | €4,457,896 | €4,408,924 | -€48,972 | -1.1% |
| Furniture and vehicles | 24 | €133,139 | €147,727 | +€14,588 | +11.0% |
| Assets under construction and advance payments | 27 | €18,225 | €36,377 | +€18,152 | +99.6% |
| Current assets | 29/58 | €1,446,044 | €573,406 | -€872,638 | -60.3% |
| Amounts receivable within one year | 40/41 | €230,652 | €52,943 | -€177,708 | -77.0% |
| Trade receivables | 40 | €230,652 | €5,543 | -€225,108 | -97.6% |
| Other amounts receivable | 41 | - | €47,400 | +€47,400 | |
| Current investments | 50/53 | €549,799 | €137,179 | -€412,621 | -75.0% |
| Cash at bank and in hand | 54/58 | €625,839 | €352,512 | -€273,327 | -43.7% |
| Deferred charges and accrued income | 490/1 | €39,754 | €30,773 | -€8,982 | -22.6% |
| Total equity and liabilities | 10/49 | €6,055,304 | €5,166,435 | -€888,869 | -14.7% |
| Equity | 10/15 | €1,516,683 | €1,479,161 | -€37,522 | -2.5% |
| Contributions | 10/11 | €33,386 | €33,386 | = | 0.0% |
| Reserves | 13 | €1,483,298 | €1,445,775 | -€37,522 | -2.5% |
| Distributable reserves | 133 | €1,483,298 | €1,445,775 | -€37,522 | -2.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | 0.0% |
| Amounts payable | 17/49 | €4,538,620 | €3,687,274 | -€851,346 | -18.8% |
| Amounts payable after more than one year | 17 | €3,102,794 | €2,727,439 | -€375,355 | -12.1% |
| Financial debts | 170/4 | €2,757,794 | €2,382,439 | -€375,355 | -13.6% |
| Other amounts payable | 178/9 | €345,000 | €345,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,414,738 | €933,940 | -€480,798 | -34.0% |
| Current portion of amounts payable after more than one year | 42 | €443,343 | €463,277 | +€19,935 | +4.5% |
| Financial debts | 43 | €5,989 | €2,626 | -€3,363 | -56.2% |
| Credit institutions | 430/8 | €5,989 | €2,626 | -€3,363 | -56.2% |
| Trade debts | 44 | €24,198 | €5,575 | -€18,623 | -77.0% |
| Suppliers | 440/4 | €24,198 | €5,575 | -€18,623 | -77.0% |
| Taxes, remuneration and social security | 45 | €176,321 | €89,497 | -€86,824 | -49.2% |
| Taxes | 450/3 | €176,321 | €89,497 | -€86,824 | -49.2% |
| Other amounts payable | 47/48 | €764,888 | €372,965 | -€391,923 | -51.2% |
| Accrued charges and deferred income | 492/3 | €21,088 | €25,895 | +€4,807 | +22.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €245,258 | €209,911 | -€35,347 | -14.4% |
| Other operating charges | 640/8 | €32,171 | €17,268 | -€14,902 | -46.3% |
| Gross operating margin | 9900 | €900,399 | €817,423 | -€82,976 | -9.2% |
| Operating profit (loss) | 9901 | €622,971 | €590,243 | -€32,727 | -5.3% |
| Financial income | 75/76B | €38,776 | €293 | -€38,483 | -99.2% |
| Recurring financial income | 75 | €38,776 | €293 | -€38,483 | -99.2% |
| Financial charges | 65/66B | €80,202 | €93,769 | +€13,567 | +16.9% |
| Recurring financial charges | 65 | €80,202 | €93,769 | +€13,567 | +16.9% |
| Profit (loss) for the period before taxes | 9903 | €581,545 | €496,767 | -€84,777 | -14.6% |
| Income taxes | 67/77 | €184,742 | €164,236 | -€20,505 | -11.1% |
| Profit (loss) for the period | 9904 | €396,803 | €332,531 | -€64,272 | -16.2% |
| Profit (loss) for the period to be appropriated | 9905 | €396,803 | €332,531 | -€64,272 | -16.2% |
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 19 October 2026 via checked.be.