T-Traders: 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.
T-Traders
Largest movements
- Tangible fixed assets -€59,510
down €59,510 (-5.1%), from €1.2m to €1.1m
of which Land and buildings: -€50,568
- Receivables within one year +€41,644
up €41,644 (+74.1%), from €56,211 to €97,855
of which Trade receivables: +€34,087
- Short-term financial debts +€100,000
up €100,000 (+100.0%), from €100,000 to €200,000
- Trade debts -€89,569
down €89,569 (-71.4%), from €125,388 to €35,819
- Debts after one year -€79,867
down €79,867 (-8.9%), from €896,377 to €816,510
- Reserves +€33,007
up €33,007 (+17.8%), from €185,866 to €218,873
- Staff costs -€31,108
down €31,108 (-25.6%), from €121,482 to €90,373
- Gross operating margin +€14,635
up €14,635 (+6.5%), from €225,972 to €240,607
- Depreciation +€13,802
up €13,802 (+24.8%), from €55,735 to €69,537
- Financial income +€7,094
up €7,094 (+116.6%), from €6,083 to €13,177
- Financial charges +€5,424
up €5,424 (+15.4%), from €35,325 to €40,749
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 | €1,800,853 | €1,762,852 | -€38,001 | -2.1% |
| Fixed assets | 21/28 | €1,223,481 | €1,153,944 | -€69,537 | -5.7% |
| Intangible fixed assets | 21 | €49,208 | €39,180 | -€10,027 | -20.4% |
| Tangible fixed assets | 22/27 | €1,174,274 | €1,114,764 | -€59,510 | -5.1% |
| Land and buildings | 22 | €1,148,225 | €1,097,656 | -€50,568 | -4.4% |
| Plant, machinery and equipment | 23 | €15,422 | €11,188 | -€4,234 | -27.5% |
| Furniture and vehicles | 24 | €10,627 | €5,920 | -€4,707 | -44.3% |
| Current assets | 29/58 | €577,371 | €608,908 | +€31,536 | +5.5% |
| Stocks and contracts in progress | 3 | €429,448 | €435,493 | +€6,044 | +1.4% |
| Stocks | 30/36 | €429,448 | €435,493 | +€6,044 | +1.4% |
| Amounts receivable within one year | 40/41 | €56,211 | €97,855 | +€41,644 | +74.1% |
| Trade receivables | 40 | €37,247 | €71,334 | +€34,087 | +91.5% |
| Other amounts receivable | 41 | €18,964 | €26,521 | +€7,557 | +39.8% |
| Cash at bank and in hand | 54/58 | €74,280 | €67,009 | -€7,271 | -9.8% |
| Deferred charges and accrued income | 490/1 | €17,432 | €8,552 | -€8,880 | -50.9% |
| Total equity and liabilities | 10/49 | €1,800,853 | €1,762,852 | -€38,001 | -2.1% |
| Equity | 10/15 | €543,358 | €576,365 | +€33,007 | +6.1% |
| Contributions | 10/11 | €357,492 | €357,492 | = | 0.0% |
| Reserves | 13 | €185,866 | €218,873 | +€33,007 | +17.8% |
| Distributable reserves | 133 | €185,866 | €218,873 | +€33,007 | +17.8% |
| Amounts payable | 17/49 | €1,257,495 | €1,186,487 | -€71,008 | -5.6% |
| Amounts payable after more than one year | 17 | €896,377 | €816,510 | -€79,867 | -8.9% |
| Financial debts | 170/4 | €896,377 | €816,510 | -€79,867 | -8.9% |
| Amounts payable within one year | 42/48 | €359,609 | €367,298 | +€7,690 | +2.1% |
| Current portion of amounts payable after more than one year | 42 | €102,951 | €104,867 | +€1,916 | +1.9% |
| Financial debts | 43 | €100,000 | €200,000 | +€100,000 | +100.0% |
| Credit institutions | 430/8 | €100,000 | €200,000 | +€100,000 | +100.0% |
| Trade debts | 44 | €125,388 | €35,819 | -€89,569 | -71.4% |
| Suppliers | 440/4 | €125,388 | €35,819 | -€89,569 | -71.4% |
| Taxes, remuneration and social security | 45 | €24,895 | €25,055 | +€160 | +0.6% |
| Taxes | 450/3 | €8,345 | €11,216 | +€2,870 | +34.4% |
| Remuneration and social security | 454/9 | €16,550 | €13,840 | -€2,710 | -16.4% |
| Other amounts payable | 47/48 | €6,374 | €1,557 | -€4,818 | -75.6% |
| Accrued charges and deferred income | 492/3 | €1,510 | €2,679 | +€1,169 | +77.4% |
| Remuneration, social security and pensions | 62 | €121,482 | €90,373 | -€31,108 | -25.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,735 | €69,537 | +€13,802 | +24.8% |
| Other operating charges | 640/8 | €3,729 | €7,854 | +€4,125 | +110.6% |
| Non-recurring operating charges | 66A | - | €3,543 | +€3,543 | |
| Gross operating margin | 9900 | €225,972 | €240,607 | +€14,635 | +6.5% |
| Operating profit (loss) | 9901 | €45,026 | €69,300 | +€24,273 | +53.9% |
| Financial income | 75/76B | €6,083 | €13,177 | +€7,094 | +116.6% |
| Recurring financial income | 75 | €6,083 | €13,177 | +€7,094 | +116.6% |
| Financial charges | 65/66B | €35,325 | €40,749 | +€5,424 | +15.4% |
| Recurring financial charges | 65 | €35,325 | €40,749 | +€5,424 | +15.4% |
| Profit (loss) for the period before taxes | 9903 | €15,784 | €41,727 | +€25,943 | +164.4% |
| Income taxes | 67/77 | €6,055 | €8,720 | +€2,666 | +44.0% |
| Profit (loss) for the period | 9904 | €9,729 | €33,007 | +€23,278 | +239.2% |
| Profit (loss) for the period to be appropriated | 9905 | €9,729 | €33,007 | +€23,278 | +239.2% |
Source: filed annual accounts (NBB), financial years ended 30 April 2024 and 30 April 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.