TRADAL: 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.
TRADAL
Largest movements
- Receivables within one year +€461,525
up €461,525 (+1069.1%), from €43,171 to €504,696
of which Other amounts receivable: +€356,205
- Tangible fixed assets -€152,014
down €152,014 (-2.6%), from €5.7m to €5.6m
of which Land and buildings: -€248,861
- Reserves +€111,565
up €111,565 (+19.0%), from €586,194 to €697,759
of which Tax-exempt reserves: +€111,565
- Profit (loss) carried forward +€96,463
up €96,463 (+2.5%), from €3.9m to €4.0m
- Trade debts +€94,178
up €94,178 (+245.8%), from €38,321 to €132,499
- Depreciation +€39,406
up €39,406 (+10.3%), from €384,027 to €423,433
- Gross operating margin -€23,306
down €23,306 (-2.9%), from €804,122 to €780,817
- Taxes -€21,653
down €21,653 (-23.3%), from €93,122 to €71,469
- Other operating charges +€11,245
up €11,245 (+13.1%), from €85,521 to €96,766
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 | €7,339,054 | €7,642,048 | +€302,994 | +4.1% |
| Fixed assets | 21/28 | €5,737,605 | €5,585,591 | -€152,014 | -2.6% |
| Tangible fixed assets | 22/27 | €5,737,605 | €5,585,591 | -€152,014 | -2.6% |
| Land and buildings | 22 | €4,314,966 | €4,066,104 | -€248,861 | -5.8% |
| Plant, machinery and equipment | 23 | €1,346,777 | €1,269,500 | -€77,277 | -5.7% |
| Furniture and vehicles | 24 | €75,862 | €249,987 | +€174,124 | +229.5% |
| Current assets | 29/58 | €1,601,449 | €2,056,457 | +€455,008 | +28.4% |
| Amounts receivable within one year | 40/41 | €43,171 | €504,696 | +€461,525 | +1069.1% |
| Trade receivables | 40 | €2,737 | €108,058 | +€105,320 | +3847.7% |
| Other amounts receivable | 41 | €40,434 | €396,638 | +€356,205 | +881.0% |
| Cash at bank and in hand | 54/58 | €1,545,270 | €1,539,767 | -€5,503 | -0.4% |
| Deferred charges and accrued income | 490/1 | €13,009 | €11,994 | -€1,014 | -7.8% |
| Total equity and liabilities | 10/49 | €7,339,054 | €7,642,048 | +€302,994 | +4.1% |
| Equity | 10/15 | €7,248,198 | €7,456,226 | +€208,028 | +2.9% |
| Contributions | 10/11 | €2,764,699 | €2,764,699 | = | 0.0% |
| Capital | 10 | €2,760,845 | €2,760,845 | = | 0.0% |
| Issued capital | 100 | €2,760,845 | €2,760,845 | = | 0.0% |
| Outside capital | 11 | €3,854 | €3,854 | = | 0.0% |
| Share premium | 1100/10 | €3,854 | €3,854 | = | 0.0% |
| Reserves | 13 | €586,194 | €697,759 | +€111,565 | +19.0% |
| Non-distributable reserves | 130/1 | €276,085 | €276,085 | = | 0.0% |
| Legal reserve | 130 | €276,085 | €276,085 | = | 0.0% |
| Tax-exempt reserves | 132 | €63,150 | €174,715 | +€111,565 | +176.7% |
| Distributable reserves | 133 | €246,959 | €246,959 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,897,306 | €3,993,769 | +€96,463 | +2.5% |
| Amounts payable | 17/49 | €90,856 | €185,822 | +€94,966 | +104.5% |
| Amounts payable within one year | 42/48 | €89,581 | €185,822 | +€96,241 | +107.4% |
| Trade debts | 44 | €38,321 | €132,499 | +€94,178 | +245.8% |
| Suppliers | 440/4 | €38,321 | €132,499 | +€94,178 | +245.8% |
| Taxes, remuneration and social security | 45 | €48,779 | €46,823 | -€1,956 | -4.0% |
| Taxes | 450/3 | €48,779 | €46,823 | -€1,956 | -4.0% |
| Other amounts payable | 47/48 | €2,481 | €6,500 | +€4,019 | +162.0% |
| Accrued charges and deferred income | 492/3 | €1,275 | - | -€1,275 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €384,027 | €423,433 | +€39,406 | +10.3% |
| Other operating charges | 640/8 | €85,521 | €96,766 | +€11,245 | +13.1% |
| Gross operating margin | 9900 | €804,122 | €780,817 | -€23,306 | -2.9% |
| Operating profit (loss) | 9901 | €334,575 | €260,618 | -€73,957 | -22.1% |
| Financial income | 75/76B | €21,052 | €19,799 | -€1,253 | -6.0% |
| Recurring financial income | 75 | €21,052 | €19,799 | -€1,253 | -6.0% |
| Financial charges | 65/66B | €1,170 | €919 | -€251 | -21.5% |
| Recurring financial charges | 65 | €1,170 | €919 | -€251 | -21.5% |
| Profit (loss) for the period before taxes | 9903 | €354,456 | €279,497 | -€74,959 | -21.1% |
| Income taxes | 67/77 | €93,122 | €71,469 | -€21,653 | -23.3% |
| Profit (loss) for the period | 9904 | €261,334 | €208,028 | -€53,306 | -20.4% |
| Transfer from tax-exempt reserves | 789 | €126,300 | - | -€126,300 | |
| Transfer to tax-exempt reserves | 689 | - | €111,565 | +€111,565 | |
| Profit (loss) for the period to be appropriated | 9905 | €387,634 | €96,463 | -€291,171 | -75.1% |
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 4 October 2026 via checked.be.