Trada: 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.
Trada
Largest movements
- Receivables within one year +€24,462
up €24,462 (+30.2%), from €80,890 to €105,352
of which Other amounts receivable: +€27,787
- Reserves +€27,604
up €27,604 (+40.0%), from €69,048 to €96,653
- Tax, wage and social debts -€2,099
down €2,099 (-10.7%), from €19,585 to €17,486
- Trade debts -€1,897
down €1,897 (-63.5%), from €2,987 to €1,090
- Gross operating margin -€47,832
down €47,832 (-58.2%), from €82,139 to €34,307
- Financial charges -€38,324
down €38,324 (-99.4%), from €38,536 to €212
- Financial income +€4,564
up €4,564 (+9128760.0%), from €0 to €4,564
- Taxes -€3,556
down €3,556 (-29.2%), from €12,186 to €8,631
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 | €91,620 | €115,249 | +€23,629 | +25.8% |
| Fixed assets | 21/28 | €4,796 | €4,239 | -€557 | -11.6% |
| Tangible fixed assets | 22/27 | €4,796 | €4,239 | -€557 | -11.6% |
| Plant, machinery and equipment | 23 | €4,535 | €4,103 | -€432 | -9.5% |
| Furniture and vehicles | 24 | €261 | €136 | -€125 | -48.0% |
| Current assets | 29/58 | €86,824 | €111,010 | +€24,186 | +27.9% |
| Amounts receivable within one year | 40/41 | €80,890 | €105,352 | +€24,462 | +30.2% |
| Trade receivables | 40 | €14,024 | €10,698 | -€3,325 | -23.7% |
| Other amounts receivable | 41 | €66,867 | €94,654 | +€27,787 | +41.6% |
| Cash at bank and in hand | 54/58 | €5,016 | €4,455 | -€562 | -11.2% |
| Deferred charges and accrued income | 490/1 | €918 | €1,203 | +€285 | +31.1% |
| Total equity and liabilities | 10/49 | €91,620 | €115,249 | +€23,629 | +25.8% |
| Equity | 10/15 | €69,048 | €96,653 | +€27,604 | +40.0% |
| Reserves | 13 | €69,048 | €96,653 | +€27,604 | +40.0% |
| Distributable reserves | 133 | €69,048 | €96,653 | +€27,604 | +40.0% |
| Amounts payable | 17/49 | €22,571 | €18,597 | -€3,975 | -17.6% |
| Amounts payable within one year | 42/48 | €22,571 | €18,576 | -€3,996 | -17.7% |
| Trade debts | 44 | €2,987 | €1,090 | -€1,897 | -63.5% |
| Suppliers | 440/4 | €2,987 | €1,090 | -€1,897 | -63.5% |
| Taxes, remuneration and social security | 45 | €19,585 | €17,486 | -€2,099 | -10.7% |
| Taxes | 450/3 | €19,585 | €17,486 | -€2,099 | -10.7% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | - | €21 | +€21 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,452 | €1,264 | -€188 | -13.0% |
| Other operating charges | 640/8 | €357 | €780 | +€423 | +118.5% |
| Non-recurring operating charges | 66A | - | €381 | +€381 | |
| Gross operating margin | 9900 | €82,139 | €34,307 | -€47,832 | -58.2% |
| Operating profit (loss) | 9901 | €80,330 | €31,883 | -€48,447 | -60.3% |
| Financial income | 75/76B | €0 | €4,564 | +€4,564 | +9128760.0% |
| Recurring financial income | 75 | €0 | €4,564 | +€4,564 | +9128760.0% |
| Financial charges | 65/66B | €38,536 | €212 | -€38,324 | -99.4% |
| Recurring financial charges | 65 | €38,536 | €212 | -€38,324 | -99.4% |
| Profit (loss) for the period before taxes | 9903 | €41,794 | €36,235 | -€5,559 | -13.3% |
| Income taxes | 67/77 | €12,186 | €8,631 | -€3,556 | -29.2% |
| Profit (loss) for the period | 9904 | €29,608 | €27,604 | -€2,004 | -6.8% |
| Profit (loss) for the period to be appropriated | 9905 | €29,608 | €27,604 | -€2,004 | -6.8% |
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 9 October 2026 via checked.be.