Total 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.
Total Trading
Largest movements
- Stocks and contracts +€8,679
up €8,679 (+4.5%), from €194,785 to €203,464
- Tax, wage and social debts +€7,979
up €7,979 (+10.2%), from €78,279 to €86,258
of which Remuneration and social security: +€10,118
- Current portion of long-term debt +€6,432
up €6,432 (+35.6%), from €18,060 to €24,492
- Other debts -€6,018
down €6,018 (-45.7%), from €13,168 to €7,150
- Trade debts -€5,807
down €5,807 (-15.4%), from €37,601 to €31,794
- Short-term financial debts +€3,741
new in 2025: €3,741
- Depreciation -€2,637
down €2,637 (-72.3%), from €3,649 to €1,011
- Staff costs -€2,528
down €2,528 (-6.0%), from €42,172 to €39,643
- Financial charges +€2,283
up €2,283 (+25.0%), from €9,141 to €11,425
- Other operating charges -€1,934
down €1,934 (-30.5%), from €6,349 to €4,416
- Gross operating margin +€1,794
up €1,794 (+3.1%), from €57,799 to €59,593
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 | €210,684 | €221,667 | +€10,983 | +5.2% |
| Formation expenses | 20 | €17 | €0 | -€17 | -100.0% |
| Fixed assets | 21/28 | €2,195 | €1,200 | -€995 | -45.3% |
| Tangible fixed assets | 22/27 | €995 | €0 | -€995 | -100.0% |
| Plant, machinery and equipment | 23 | €995 | €0 | -€995 | -100.0% |
| Financial fixed assets | 28 | €1,200 | €1,200 | = | 0.0% |
| Current assets | 29/58 | €208,472 | €220,467 | +€11,994 | +5.8% |
| Stocks and contracts in progress | 3 | €194,785 | €203,464 | +€8,679 | +4.5% |
| Stocks | 30/36 | €194,785 | €203,464 | +€8,679 | +4.5% |
| Amounts receivable within one year | 40/41 | €13,114 | €14,666 | +€1,552 | +11.8% |
| Trade receivables | 40 | €13,114 | €9,086 | -€4,028 | -30.7% |
| Other amounts receivable | 41 | - | €5,580 | +€5,580 | |
| Cash at bank and in hand | 54/58 | €573 | €2,233 | +€1,660 | +289.6% |
| Deferred charges and accrued income | 490/1 | €0 | €104 | +€104 | |
| Total equity and liabilities | 10/49 | €210,684 | €221,667 | +€10,983 | +5.2% |
| Equity | 10/15 | €51,734 | €55,109 | +€3,374 | +6.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €48,734 | €52,109 | +€3,374 | +6.9% |
| Distributable reserves | 133 | €48,734 | €52,109 | +€3,374 | +6.9% |
| Amounts payable | 17/49 | €158,949 | €166,558 | +€7,609 | +4.8% |
| Amounts payable after more than one year | 17 | €11,805 | €12,746 | +€941 | +8.0% |
| Financial debts | 170/4 | €11,805 | €12,746 | +€941 | +8.0% |
| Amounts payable within one year | 42/48 | €147,134 | €153,448 | +€6,314 | +4.3% |
| Current portion of amounts payable after more than one year | 42 | €18,060 | €24,492 | +€6,432 | +35.6% |
| Financial debts | 43 | - | €3,741 | +€3,741 | |
| Credit institutions | 430/8 | - | €3,741 | +€3,741 | |
| Trade debts | 44 | €37,601 | €31,794 | -€5,807 | -15.4% |
| Suppliers | 440/4 | €37,601 | €31,794 | -€5,807 | -15.4% |
| Advances received on contracts in progress | 46 | €26 | €14 | -€12 | -46.3% |
| Taxes, remuneration and social security | 45 | €78,279 | €86,258 | +€7,979 | +10.2% |
| Taxes | 450/3 | €62,258 | €60,119 | -€2,139 | -3.4% |
| Remuneration and social security | 454/9 | €16,021 | €26,139 | +€10,118 | +63.2% |
| Other amounts payable | 47/48 | €13,168 | €7,150 | -€6,018 | -45.7% |
| Accrued charges and deferred income | 492/3 | €10 | €364 | +€354 | +3539.6% |
| Remuneration, social security and pensions | 62 | €42,172 | €39,643 | -€2,528 | -6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,649 | €1,011 | -€2,637 | -72.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,633 | +€1,633 | |
| Other operating charges | 640/8 | €6,349 | €4,416 | -€1,934 | -30.5% |
| Gross operating margin | 9900 | €57,799 | €59,593 | +€1,794 | +3.1% |
| Operating profit (loss) | 9901 | €5,630 | €12,890 | +€7,260 | +129.0% |
| Financial income | 75/76B | €3,192 | €3,789 | +€596 | +18.7% |
| Recurring financial income | 75 | €3,192 | €3,789 | +€596 | +18.7% |
| Financial charges | 65/66B | €9,141 | €11,425 | +€2,283 | +25.0% |
| Recurring financial charges | 65 | €9,141 | €11,425 | +€2,283 | +25.0% |
| Profit (loss) for the period before taxes | 9903 | -€320 | €5,253 | +€5,573 | |
| Income taxes | 67/77 | €594 | €1,879 | +€1,285 | +216.1% |
| Profit (loss) for the period | 9904 | -€914 | €3,374 | +€4,288 | |
| Profit (loss) for the period to be appropriated | 9905 | -€914 | €3,374 | +€4,288 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.