S-TRADE: 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.
S-TRADE
Largest movements
- Receivables within one year +€28,355
up €28,355 (+30.9%), from €91,881 to €120,235
of which Other amounts receivable: +€29,234
- Deferred charges and accrued income -€12,502
down €12,502 (-100%), from €12,502 to €0
- Cash -€3,860
down €3,860 (-86.7%), from €4,451 to €591
mainly Receivables within one year (-€28,355) and Current portion of long-term debt (-€13,500)
- Profit (loss) carried forward +€18,719
up €18,719 (+138%), from €13,547 to €32,266
- Current portion of long-term debt -€13,500
down €13,500 (-100%), from €13,500 to €0
- Advances received -€11,671
down €11,671 (-100%), from €11,671 to €0
- Tax, wage and social debts +€11,425
up €11,425 (+65.7%), from €17,381 to €28,807
- Short-term financial debts +€7,154
up €7,154, from €0 to €7,154
- Gross operating margin +€3,566
up €3,566 (+12.0%), from €29,594 to €33,159
- Taxes +€2,961
up €2,961 (+57.6%), from €5,137 to €8,098
- Other operating charges -€1,739
down €1,739 (-68.9%), from €2,522 to €783
- Staff costs +€395
up €395 (+16.1%), from €2,450 to €2,845
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €120,228 | €131,474 | +€11,246 | +9.4% |
| Fixed assets | 21/28 | €1,790 | €1,043 | -€747 | -41.7% |
| Tangible fixed assets | 22/27 | €1,790 | €1,043 | -€747 | -41.7% |
| Furniture and vehicles | 24 | €1,790 | €1,043 | -€747 | -41.7% |
| Current assets | 29/58 | €118,438 | €130,431 | +€11,992 | +10.1% |
| Stocks and contracts in progress | 3 | €9,604 | €9,604 | = | 0.0% |
| Stocks | 30/36 | €9,604 | €9,604 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €91,881 | €120,235 | +€28,355 | +30.9% |
| Trade receivables | 40 | €4,839 | €3,960 | -€880 | -18.2% |
| Other amounts receivable | 41 | €87,042 | €116,276 | +€29,234 | +33.6% |
| Cash at bank and in hand | 54/58 | €4,451 | €591 | -€3,860 | -86.7% |
| Deferred charges and accrued income | 490/1 | €12,502 | €0 | -€12,502 | -100% |
| Total equity and liabilities | 10/49 | €120,228 | €131,474 | +€11,246 | +9.4% |
| Equity | 10/15 | €63,063 | €81,782 | +€18,719 | +29.7% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €30,966 | €30,966 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €30,966 | €30,966 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,547 | €32,266 | +€18,719 | +138% |
| Amounts payable | 17/49 | €57,166 | €49,692 | -€7,474 | -13.1% |
| Amounts payable within one year | 42/48 | €57,166 | €49,692 | -€7,474 | -13.1% |
| Current portion of amounts payable after more than one year | 42 | €13,500 | €0 | -€13,500 | -100% |
| Financial debts | 43 | €0 | €7,154 | +€7,154 | |
| Credit institutions | 430/8 | €0 | €7,154 | +€7,154 | |
| Trade debts | 44 | €14,613 | €13,731 | -€882 | -6.0% |
| Suppliers | 440/4 | €14,613 | €13,731 | -€882 | -6.0% |
| Advances received on contracts in progress | 46 | €11,671 | €0 | -€11,671 | -100% |
| Taxes, remuneration and social security | 45 | €17,381 | €28,807 | +€11,425 | +65.7% |
| Taxes | 450/3 | €17,381 | €28,807 | +€11,425 | +65.7% |
| Remuneration, social security and pensions | 62 | €2,450 | €2,845 | +€395 | +16.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €450 | €747 | +€297 | +65.9% |
| Other operating charges | 640/8 | €2,522 | €783 | -€1,739 | -68.9% |
| Gross operating margin | 9900 | €29,594 | €33,159 | +€3,566 | +12.0% |
| Operating profit (loss) | 9901 | €24,172 | €28,784 | +€4,613 | +19.1% |
| Financial income | 75/76B | €9 | €0 | -€9 | -99.9% |
| Recurring financial income | 75 | €9 | €0 | -€9 | -99.9% |
| Financial charges | 65/66B | €2,254 | €1,967 | -€287 | -12.7% |
| Recurring financial charges | 65 | €2,254 | €1,967 | -€287 | -12.7% |
| Profit (loss) for the period before taxes | 9903 | €21,926 | €26,817 | +€4,891 | +22.3% |
| Income taxes | 67/77 | €5,137 | €8,098 | +€2,961 | +57.6% |
| Profit (loss) for the period | 9904 | €16,789 | €18,719 | +€1,930 | +11.5% |
| Profit (loss) for the period to be appropriated | 9905 | €16,789 | €18,719 | +€1,930 | +11.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.