T.TRADING: 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.TRADING
Largest movements
- Tangible fixed assets -€11,596
down €11,596 (-8.3%), from €139,606 to €128,010
of which Land and buildings: -€6,552
- Cash -€8,100
down €8,100 (-74.7%), from €10,847 to €2,747
mainly Net result for the year (-€14,797) and Debts after one year (-€5,208)
- Receivables within one year +€4,539
up €4,539 (+32.0%), from €14,196 to €18,735
of which Trade receivables: +€3,674
- Profit (loss) carried forward -€14,797
down €14,797 (-6.3%), from -€234,067 to -€248,864
- Debts after one year -€5,208
down €5,208 (-6.5%), from €80,009 to €74,801
of which Financial debts: -€7,608
- Trade debts +€3,827
up €3,827 (+52.0%), from €7,359 to €11,186
- Gross operating margin -€14,949
down €14,949 (-66.7%), from €22,423 to €7,474
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 | €191,253 | €175,576 | -€15,677 | -8.2% |
| Fixed assets | 21/28 | €139,705 | €128,109 | -€11,596 | -8.3% |
| Tangible fixed assets | 22/27 | €139,606 | €128,010 | -€11,596 | -8.3% |
| Land and buildings | 22 | €111,044 | €104,492 | -€6,552 | -5.9% |
| Plant, machinery and equipment | 23 | €27,893 | €22,884 | -€5,009 | -18.0% |
| Furniture and vehicles | 24 | €669 | €634 | -€35 | -5.3% |
| Financial fixed assets | 28 | €99 | €99 | = | 0.0% |
| Current assets | 29/58 | €51,548 | €47,467 | -€4,081 | -7.9% |
| Stocks and contracts in progress | 3 | €26,505 | €25,985 | -€519 | -2.0% |
| Stocks | 30/36 | €26,505 | €25,985 | -€519 | -2.0% |
| Amounts receivable within one year | 40/41 | €14,196 | €18,735 | +€4,539 | +32.0% |
| Trade receivables | 40 | €10,920 | €14,594 | +€3,674 | +33.6% |
| Other amounts receivable | 41 | €3,276 | €4,141 | +€865 | +26.4% |
| Cash at bank and in hand | 54/58 | €10,847 | €2,747 | -€8,100 | -74.7% |
| Total equity and liabilities | 10/49 | €191,253 | €175,576 | -€15,677 | -8.2% |
| Equity | 10/15 | €7,933 | -€6,864 | -€14,797 | |
| Contributions | 10/11 | €136,000 | €136,000 | = | 0.0% |
| Revaluation surpluses | 12 | €106,000 | €106,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€234,067 | -€248,864 | -€14,797 | -6.3% |
| Amounts payable | 17/49 | €183,320 | €182,440 | -€879 | -0.5% |
| Amounts payable after more than one year | 17 | €80,009 | €74,801 | -€5,208 | -6.5% |
| Financial debts | 170/4 | €15,009 | €7,401 | -€7,608 | -50.7% |
| Other amounts payable | 178/9 | €65,000 | €67,400 | +€2,400 | +3.7% |
| Amounts payable within one year | 42/48 | €103,311 | €107,639 | +€4,328 | +4.2% |
| Current portion of amounts payable after more than one year | 42 | €7,402 | €7,608 | +€206 | +2.8% |
| Trade debts | 44 | €7,359 | €11,186 | +€3,827 | +52.0% |
| Suppliers | 440/4 | €7,359 | €11,186 | +€3,827 | +52.0% |
| Advances received on contracts in progress | 46 | €12,040 | €10,622 | -€1,419 | -11.8% |
| Other amounts payable | 47/48 | €76,509 | €78,224 | +€1,714 | +2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,890 | €16,796 | -€93 | -0.6% |
| Other operating charges | 640/8 | €3,666 | €3,831 | +€165 | +4.5% |
| Gross operating margin | 9900 | €22,423 | €7,474 | -€14,949 | -66.7% |
| Operating profit (loss) | 9901 | €1,867 | -€13,154 | -€15,020 | |
| Financial income | 75/76B | €43 | €1 | -€41 | -96.8% |
| Recurring financial income | 75 | €43 | €1 | -€41 | -96.8% |
| Financial charges | 65/66B | €1,538 | €1,645 | +€108 | +7.0% |
| Recurring financial charges | 65 | €1,538 | €1,645 | +€108 | +7.0% |
| Profit (loss) for the period before taxes | 9903 | €372 | -€14,797 | -€15,169 | |
| Profit (loss) for the period | 9904 | €372 | -€14,797 | -€15,169 | |
| Profit (loss) for the period to be appropriated | 9905 | €372 | -€14,797 | -€15,169 |
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 25 October 2026 via checked.be.