Trada: what changed
Two fiscal 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.
Trada
Largest movements
- Tangible fixed assets +€504,827
up €504,827 (+8.8%), from €5.7m to €6.2m
of which Land and buildings: +€504,933
- Receivables within one year -€399,150
no longer reported in 2025 (was €399,150)
of which Trade receivables: -€233,000
- Trade debts -€535,101
down €535,101 (-98.9%), from €540,983 to €5,883
- Debts after one year +€494,100
up €494,100 (+10.3%), from €4.8m to €5.3m
- Profit (loss) carried forward +€252,697
up €252,697 (+146.5%), from €172,433 to €425,130
- Other debts -€151,070
down €151,070 (-18.9%), from €799,281 to €648,211
- Gross operating margin +€144,844
up €144,844 (+38.4%), from €377,316 to €522,160
- Financial charges +€64,045
up €64,045 (+31.4%), from €204,013 to €268,058
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 | €7,445,219 | €7,579,437 | +€134,218 | +1.8% |
| Fixed assets | 21/28 | €7,029,582 | €7,534,408 | +€504,827 | +7.2% |
| Tangible fixed assets | 22/27 | €5,722,890 | €6,227,717 | +€504,827 | +8.8% |
| Land and buildings | 22 | €5,660,534 | €6,165,467 | +€504,933 | +8.9% |
| Plant, machinery and equipment | 23 | €106 | - | -€106 | |
| Furniture and vehicles | 24 | €62,250 | €62,250 | = | 0.0% |
| Financial fixed assets | 28 | €1,306,692 | €1,306,692 | = | 0.0% |
| Current assets | 29/58 | €415,637 | €45,029 | -€370,609 | -89.2% |
| Amounts receivable within one year | 40/41 | €399,150 | - | -€399,150 | |
| Trade receivables | 40 | €233,000 | - | -€233,000 | |
| Other amounts receivable | 41 | €166,150 | - | -€166,150 | |
| Cash at bank and in hand | 54/58 | €16,487 | €45,029 | +€28,541 | +173.1% |
| Total equity and liabilities | 10/49 | €7,445,219 | €7,579,437 | +€134,218 | +1.8% |
| Equity | 10/15 | €197,433 | €450,130 | +€252,697 | +128.0% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €172,433 | €425,130 | +€252,697 | +146.5% |
| Provisions and deferred taxes | 16 | €819,154 | €817,542 | -€1,612 | -0.2% |
| Provisions for liabilities and charges | 160/5 | €819,154 | €817,542 | -€1,612 | -0.2% |
| Other liabilities and charges | 164/5 | €819,154 | €817,542 | -€1,612 | -0.2% |
| Amounts payable | 17/49 | €6,428,632 | €6,311,765 | -€116,867 | -1.8% |
| Amounts payable after more than one year | 17 | €4,776,694 | €5,270,794 | +€494,100 | +10.3% |
| Financial debts | 170/4 | €4,776,694 | €5,270,794 | +€494,100 | +10.3% |
| Amounts payable within one year | 42/48 | €1,620,734 | €996,410 | -€624,324 | -38.5% |
| Current portion of amounts payable after more than one year | 42 | €277,141 | €342,288 | +€65,147 | +23.5% |
| Trade debts | 44 | €540,983 | €5,883 | -€535,101 | -98.9% |
| Suppliers | 440/4 | €540,983 | €5,883 | -€535,101 | -98.9% |
| Taxes, remuneration and social security | 45 | €3,329 | €29 | -€3,300 | -99.1% |
| Taxes | 450/3 | €3,329 | €29 | -€3,300 | -99.1% |
| Other amounts payable | 47/48 | €799,281 | €648,211 | -€151,070 | -18.9% |
| Accrued charges and deferred income | 492/3 | €31,204 | €44,561 | +€13,357 | +42.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €146 | €106 | -€40 | -27.6% |
| Other operating charges | 640/8 | €1,242 | €1,299 | +€57 | +4.6% |
| Gross operating margin | 9900 | €377,316 | €522,160 | +€144,844 | +38.4% |
| Operating profit (loss) | 9901 | €375,927 | €520,755 | +€144,828 | +38.5% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €204,013 | €268,058 | +€64,045 | +31.4% |
| Recurring financial charges | 65 | €204,013 | €268,058 | +€64,045 | +31.4% |
| Profit (loss) for the period before taxes | 9903 | €171,916 | €252,697 | +€80,781 | +47.0% |
| Income taxes | 67/77 | €29 | - | -€29 | |
| Profit (loss) for the period | 9904 | €171,887 | €252,697 | +€80,810 | +47.0% |
| Profit (loss) for the period to be appropriated | 9905 | €171,887 | €252,697 | +€80,810 | +47.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.