Tradas: 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.
Tradas
Largest movements
- Receivables within one year -€49,143
down €49,143 (-26.8%), from €183,496 to €134,353
of which Other amounts receivable: -€36,968
- Tangible fixed assets -€35,285
down €35,285 (-59.4%), from €59,434 to €24,149
of which Furniture and vehicles: -€25,950
- Cash -€15,531
down €15,531 (-14.7%), from €105,748 to €90,218
mainly Net result for the year (-€81,781) and Tax, wage and social debts (-€29,639)
- Deferred charges and accrued income -€6,211
down €6,211 (-82.8%), from €7,505 to €1,294
- Profit (loss) carried forward -€81,781
down €81,781, from €23,200 to -€58,581
- Accrued charges and deferred income +€38,547
new in 2025: €38,547
- Tax, wage and social debts -€29,639
down €29,639 (-52.6%), from €56,336 to €26,698
of which Remuneration and social security: -€17,538
- Trade debts -€19,507
down €19,507 (-12.2%), from €159,408 to €139,901
- Debts after one year -€8,572
down €8,572 (-62.7%), from €13,678 to €5,106
- Staff costs -€227,565
down €227,565 (-59.5%), from €382,148 to €154,583
- Gross operating margin -€180,701
down €180,701 (-65.6%), from €275,618 to €94,917
- Financial income +€14,368
up €14,368 (+1132.8%), from €1,268 to €15,637
- Other operating charges +€6,293
new in 2025: €6,293
- Depreciation -€5,372
down €5,372 (-20.6%), from €26,045 to €20,673
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 | €358,684 | €250,014 | -€108,670 | -30.3% |
| Fixed assets | 21/28 | €61,934 | €24,149 | -€37,785 | -61.0% |
| Tangible fixed assets | 22/27 | €59,434 | €24,149 | -€35,285 | -59.4% |
| Plant, machinery and equipment | 23 | €9,898 | €2,813 | -€7,085 | -71.6% |
| Furniture and vehicles | 24 | €47,286 | €21,336 | -€25,950 | -54.9% |
| Other tangible fixed assets | 26 | €2,250 | - | -€2,250 | |
| Financial fixed assets | 28 | €2,500 | - | -€2,500 | |
| Current assets | 29/58 | €296,750 | €225,865 | -€70,885 | -23.9% |
| Amounts receivable within one year | 40/41 | €183,496 | €134,353 | -€49,143 | -26.8% |
| Trade receivables | 40 | €137,320 | €125,144 | -€12,176 | -8.9% |
| Other amounts receivable | 41 | €46,177 | €9,209 | -€36,968 | -80.1% |
| Cash at bank and in hand | 54/58 | €105,748 | €90,218 | -€15,531 | -14.7% |
| Deferred charges and accrued income | 490/1 | €7,505 | €1,294 | -€6,211 | -82.8% |
| Total equity and liabilities | 10/49 | €358,684 | €250,014 | -€108,670 | -30.3% |
| Equity | 10/15 | €110,952 | €29,171 | -€81,781 | -73.7% |
| Contributions | 10/11 | €78,954 | €78,954 | = | 0.0% |
| Capital | 10 | €78,954 | €78,954 | = | 0.0% |
| Issued capital | 100 | €78,954 | €78,954 | = | 0.0% |
| Reserves | 13 | €8,798 | €8,798 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,798 | €8,798 | = | 0.0% |
| Legal reserve | 130 | €8,798 | €8,798 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,200 | -€58,581 | -€81,781 | |
| Amounts payable | 17/49 | €247,732 | €220,843 | -€26,889 | -10.9% |
| Amounts payable after more than one year | 17 | €13,678 | €5,106 | -€8,572 | -62.7% |
| Financial debts | 170/4 | €13,678 | €5,106 | -€8,572 | -62.7% |
| Amounts payable within one year | 42/48 | €234,054 | €177,190 | -€56,864 | -24.3% |
| Current portion of amounts payable after more than one year | 42 | €16,905 | €8,572 | -€8,333 | -49.3% |
| Trade debts | 44 | €159,408 | €139,901 | -€19,507 | -12.2% |
| Suppliers | 440/4 | €159,408 | €139,901 | -€19,507 | -12.2% |
| Taxes, remuneration and social security | 45 | €56,336 | €26,698 | -€29,639 | -52.6% |
| Taxes | 450/3 | €27,400 | €15,299 | -€12,101 | -44.2% |
| Remuneration and social security | 454/9 | €28,937 | €11,399 | -€17,538 | -60.6% |
| Other amounts payable | 47/48 | €1,405 | €2,019 | +€615 | +43.8% |
| Accrued charges and deferred income | 492/3 | - | €38,547 | +€38,547 | |
| Non-recurring operating income | 76A | €16,890 | - | -€16,890 | |
| Remuneration, social security and pensions | 62 | €382,148 | €154,583 | -€227,565 | -59.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,045 | €20,673 | -€5,372 | -20.6% |
| Other operating charges | 640/8 | - | €6,293 | +€6,293 | |
| Non-recurring operating charges | 66A | - | €3,370 | +€3,370 | |
| Gross operating margin | 9900 | €275,618 | €94,917 | -€180,701 | -65.6% |
| Operating profit (loss) | 9901 | -€132,575 | -€90,001 | +€42,574 | +32.1% |
| Financial income | 75/76B | €1,268 | €15,637 | +€14,368 | +1132.8% |
| Recurring financial income | 75 | €1,268 | €15,637 | +€14,368 | +1132.8% |
| Financial charges | 65/66B | €2,342 | €7,365 | +€5,023 | +214.4% |
| Recurring financial charges | 65 | €2,342 | €7,365 | +€5,023 | +214.4% |
| Profit (loss) for the period before taxes | 9903 | -€133,649 | -€81,730 | +€51,919 | +38.8% |
| Income taxes | 67/77 | €189 | €51 | -€137 | -72.8% |
| Profit (loss) for the period | 9904 | -€133,837 | -€81,781 | +€52,056 | +38.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€133,837 | -€81,781 | +€52,056 | +38.9% |
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 3 October 2026 via checked.be.