The Trading Group: what changed
What changed
The Trading Group
NACE 47.811, Retail sale of cars and light vans (up to 3.5 tonnes)
filed annual accounts (NBB)
Net result for the year
€2.3m
2024 · €528,177+€1.8m
Equity
€2.2m
2024 · €2.2m+€13,430
Cash
€2.6m
2024 · €2.3m+€292,987
Balance sheet total
€7.4m
2024 · €6.5m+€853,840
Largest movements
Assets
- Stocks and contracts +€2.1m
up €2.1m (+229%), from €923,513 to €3.0m
- Current investments -€2.0m
no longer reported in 2025 (was €2.0m)
- Receivables within one year +€451,015
up €451,015 (+37.5%), from €1.2m to €1.7m
of which Trade receivables: +€402,365
- Cash +€292,987
up €292,987 (+12.6%), from €2.3m to €2.6m
mainly Net result for the year (+€2.3m) and Current investments (+€2.0m)
Equity and liabilities
- Other debts +€1.7m
up €1.7m (+66.5%), from €2.6m to €4.3m
- Trade debts -€582,285
down €582,285 (-59.9%), from €971,767 to €389,482
- Advances received -€191,847
down €191,847 (-47.6%), from €403,093 to €211,246
- Tax, wage and social debts -€85,245
down €85,245 (-22.9%), from €371,713 to €286,468
of which Taxes: -€97,849
Income statement
- Turnover +€8.3m
up €8.3m (+15.7%), from €52.7m to €61.0m
- Goods and materials +€6.6m
up €6.6m (+13.0%), from €50.6m to €57.2m
of which Purchases: +€10.8m
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€528,177
Turnover
+€8.3m
Other operating income
-€116,213
Goods and materials
-€6.6m
Services and other goods
-€105,720
Staff costs
+€4,741
Depreciation
-€234
Other operating charges
-€2,188
Other operating items
+€68
Financial income
+€54,882
Financial charges
+€195,071
Taxes
+€42,199
Result 2025
€2.3m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€629,827
Investment
+€2.0m
Financing
-€2.3m
Cash 2024
€2.3m
From operations (derived)
+€629,827
Net result for the year
+€2.3m
Depreciation
+€23,245
Stocks and contracts
-€2.1m
Receivables within one year
-€451,015
Smaller working-capital items
+€1,182
Trade debts
-€582,285
Tax, wage and social debts
-€85,245
Advances received
-€191,847
Other debts
+€1.7m
Investment (derived)
+€2.0m
Investment in fixed assets (net)
-€20,965
Current investments
+€2.0m
Financing
-€2.3m
Contributions, distributions and other
-€2.3m
Cash 2025
€2.6m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,529,531 | €7,383,371 | +€853,840 | +13.1% |
| Fixed assets | 21/28 | €58,264 | €55,984 | -€2,280 | -3.9% |
| Tangible fixed assets | 22/27 | €49,840 | €47,560 | -€2,280 | -4.6% |
| Plant, machinery and equipment | 23 | €17,181 | €11,866 | -€5,315 | -30.9% |
| Furniture and vehicles | 24 | €32,659 | €35,694 | +€3,035 | +9.3% |
| Financial fixed assets | 28 | €8,424 | €8,424 | = | 0.0% |
| Other financial fixed assets | 284/8 | €8,424 | €8,424 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €8,424 | €8,424 | = | 0.0% |
| Current assets | 29/58 | €6,471,267 | €7,327,387 | +€856,120 | +13.2% |
| Stocks and contracts in progress | 3 | €923,513 | €3,037,813 | +€2.1m | +229% |
| Stocks | 30/36 | €923,513 | €3,037,813 | +€2.1m | +229% |
| Goods purchased for resale | 34 | €923,513 | €3,037,813 | +€2.1m | +229% |
| Amounts receivable within one year | 40/41 | €1,202,871 | €1,653,886 | +€451,015 | +37.5% |
| Trade receivables | 40 | €797,864 | €1,200,228 | +€402,365 | +50.4% |
| Other amounts receivable | 41 | €405,007 | €453,657 | +€48,650 | +12.0% |
| Current investments | 50/53 | €2,000,000 | - | -€2.0m | |
| Other investments | 51/53 | €2,000,000 | - | -€2.0m | |
| Cash at bank and in hand | 54/58 | €2,333,315 | €2,626,302 | +€292,987 | +12.6% |
| Deferred charges and accrued income | 490/1 | €11,568 | €9,386 | -€2,182 | -18.9% |
| Total equity and liabilities | 10/49 | €6,529,531 | €7,383,371 | +€853,840 | +13.1% |
| Equity | 10/15 | €2,225,149 | €2,238,579 | +€13,430 | +0.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,206,549 | €2,219,979 | +€13,430 | +0.6% |
| Distributable reserves | 133 | €2,206,549 | €2,219,979 | +€13,430 | +0.6% |
| Amounts payable | 17/49 | €4,304,381 | €5,144,792 | +€840,411 | +19.5% |
| Amounts payable within one year | 42/48 | €4,303,381 | €5,144,792 | +€841,411 | +19.6% |
| Trade debts | 44 | €971,767 | €389,482 | -€582,285 | -59.9% |
| Suppliers | 440/4 | €971,767 | €389,482 | -€582,285 | -59.9% |
| Advances received on contracts in progress | 46 | €403,093 | €211,246 | -€191,847 | -47.6% |
| Taxes, remuneration and social security | 45 | €371,713 | €286,468 | -€85,245 | -22.9% |
| Taxes | 450/3 | €371,713 | €273,864 | -€97,849 | -26.3% |
| Remuneration and social security | 454/9 | - | €12,604 | +€12,604 | |
| Other amounts payable | 47/48 | €2,556,809 | €4,257,597 | +€1.7m | +66.5% |
| Accrued charges and deferred income | 492/3 | €1,000 | - | -€1,000 | |
| Operating income | 70/76A | €52,892,004 | €61,062,692 | +€8.2m | +15.4% |
| Turnover | 70 | €52,717,028 | €61,003,861 | +€8.3m | +15.7% |
| Own construction capitalised | 72 | - | €68 | +€68 | |
| Other operating income | 74 | €174,976 | €58,763 | -€116,213 | -66.4% |
| Operating charges | 60/66A | €52,049,927 | €58,711,641 | +€6.7m | +12.8% |
| Goods for resale, raw materials and consumables | 60 | €50,599,904 | €57,158,215 | +€6.6m | +13.0% |
| Purchases | 600/8 | €48,495,432 | €59,272,516 | +€10.8m | +22.2% |
| Change in stocks: decrease (increase) | 609 | €2,104,472 | -€2,114,301 | -€4.2m | |
| Services and other goods | 61 | €1,364,076 | €1,469,797 | +€105,720 | +7.8% |
| Remuneration, social security and pensions | 62 | €60,860 | €56,120 | -€4,741 | -7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,011 | €23,245 | +€234 | +1.0% |
| Other operating charges | 640/8 | €2,076 | €4,264 | +€2,188 | +105% |
| Operating profit (loss) | 9901 | €842,077 | €2,351,051 | +€1.5m | +179% |
| Financial income | 75/76B | €7,385 | €62,267 | +€54,882 | +743% |
| Recurring financial income | 75 | €7,385 | €62,267 | +€54,882 | +743% |
| Income from financial fixed assets | 750 | €7,294 | €11,963 | +€4,668 | +64.0% |
| Other financial income | 752/9 | €90 | €50,304 | +€50,214 | +55,546% |
| Financial charges | 65/66B | €258,999 | €63,927 | -€195,071 | -75.3% |
| Recurring financial charges | 65 | €258,999 | €63,927 | -€195,071 | -75.3% |
| Debt charges | 650 | €31,785 | €37,188 | +€5,403 | +17.0% |
| Other financial charges | 652/9 | €227,214 | €26,740 | -€200,474 | -88.2% |
| Profit (loss) for the period before taxes | 9903 | €590,463 | €2,349,391 | +€1.8m | +298% |
| Income taxes | 67/77 | €62,286 | €20,087 | -€42,199 | -67.8% |
| Taxes | 670/3 | €62,286 | €20,087 | -€42,199 | -67.8% |
| Profit (loss) for the period | 9904 | €528,177 | €2,329,304 | +€1.8m | +341% |
| Profit (loss) for the period to be appropriated | 9905 | €528,177 | €2,329,304 | +€1.8m | +341% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.