SA 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.
SA TRADE
Largest movements
- Stocks and contracts +€51,033
up €51,033 (+33.1%), from €154,140 to €205,173
- Cash -€6,709
down €6,709 (-30.7%), from €21,862 to €15,153
mainly Stocks and contracts (-€51,033) and Other debts (-€24,397)
- Receivables within one year -€3,992
down €3,992 (-47.9%), from €8,330 to €4,338
- Trade debts +€66,266
up €66,266 (+165.2%), from €40,120 to €106,386
- Other debts -€24,397
down €24,397 (-33.6%), from €72,558 to €48,161
- Debts after one year -€5,812
no longer reported in 2025 (was €5,812)
- Profit (loss) carried forward +€3,284
up €3,284 (+8.6%), from €37,982 to €41,266
- Purchases and services -€62,311
down €62,311 (-7.0%), from €884,497 to €822,186
- Turnover +€18,999
up €18,999 (+2.0%), from €931,062 to €950,061
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 | €184,332 | €224,664 | +€40,332 | +21.9% |
| Current assets | 29/58 | €184,332 | €224,664 | +€40,332 | +21.9% |
| Stocks and contracts in progress | 3 | €154,140 | €205,173 | +€51,033 | +33.1% |
| Stocks | 30/36 | €154,140 | €205,173 | +€51,033 | +33.1% |
| Amounts receivable within one year | 40/41 | €8,330 | €4,338 | -€3,992 | -47.9% |
| Trade receivables | 40 | €8,330 | €4,338 | -€3,992 | -47.9% |
| Cash at bank and in hand | 54/58 | €21,862 | €15,153 | -€6,709 | -30.7% |
| Total equity and liabilities | 10/49 | €184,332 | €224,664 | +€40,332 | +21.9% |
| Equity | 10/15 | €46,304 | €49,588 | +€3,284 | +7.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | - | -€6,200 | |
| Other | 1109/19 | €6,200 | - | -€6,200 | |
| Reserves | 13 | €2,122 | €2,122 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,122 | €2,122 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,122 | €2,122 | = | 0.0% |
| Profit (loss) carried forward | 14 | €37,982 | €41,266 | +€3,284 | +8.6% |
| Amounts payable | 17/49 | €138,028 | €175,076 | +€37,048 | +26.8% |
| Amounts payable after more than one year | 17 | €5,812 | - | -€5,812 | |
| Financial debts | 170/4 | €5,812 | - | -€5,812 | |
| Amounts payable within one year | 42/48 | €132,216 | €175,076 | +€42,860 | +32.4% |
| Trade debts | 44 | €40,120 | €106,386 | +€66,266 | +165.2% |
| Suppliers | 440/4 | €40,120 | €106,386 | +€66,266 | +165.2% |
| Taxes, remuneration and social security | 45 | €19,538 | €20,529 | +€991 | +5.1% |
| Taxes | 450/3 | €2,190 | €4,322 | +€2,132 | +97.4% |
| Remuneration and social security | 454/9 | €17,348 | €16,207 | -€1,141 | -6.6% |
| Other amounts payable | 47/48 | €72,558 | €48,161 | -€24,397 | -33.6% |
| Turnover | 70 | €931,062 | €950,061 | +€18,999 | +2.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €884,497 | €822,186 | -€62,311 | -7.0% |
| Remuneration, social security and pensions | 62 | €118,447 | €122,769 | +€4,322 | +3.6% |
| Other operating charges | 640/8 | €759 | €411 | -€348 | -45.8% |
| Gross operating margin | 9900 | €127,250 | €127,875 | +€625 | +0.5% |
| Operating profit (loss) | 9901 | €8,044 | €4,695 | -€3,349 | -41.6% |
| Financial charges | 65/66B | €299 | €590 | +€291 | +97.3% |
| Recurring financial charges | 65 | €299 | €590 | +€291 | +97.3% |
| Profit (loss) for the period before taxes | 9903 | €7,745 | €4,105 | -€3,640 | -47.0% |
| Income taxes | 67/77 | - | €821 | +€821 | |
| Profit (loss) for the period | 9904 | €7,745 | €3,284 | -€4,461 | -57.6% |
| Profit (loss) for the period to be appropriated | 9905 | €7,745 | €3,284 | -€4,461 | -57.6% |
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 12 October 2026 via checked.be.