TRADCO: 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.
TRADCO
Largest movements
- Tangible fixed assets -€22,232
down €22,232 (-1.4%), from €1.6m to €1.6m
of which Leasing and similar rights: -€18,152
- Reserves +€41,250
up €41,250 (+5.0%), from €826,634 to €867,884
- Trade debts -€29,174
down €29,174 (-76.6%), from €38,104 to €8,930
- Debts after one year -€26,194
down €26,194 (-32.1%), from €81,679 to €55,485
- Other debts -€19,743
down €19,743 (-6.5%), from €304,928 to €285,184
- Gross operating margin +€33,517
up €33,517 (+53.0%), from €63,264 to €96,782
- Depreciation +€12,621
up €12,621 (+131.3%), from €9,611 to €22,232
- Taxes +€7,254
up €7,254 (+52.1%), from €13,914 to €21,168
- Other operating charges -€3,485
down €3,485 (-29.1%), from €11,984 to €8,499
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 | €1,640,132 | €1,620,398 | -€19,734 | -1.2% |
| Fixed assets | 21/28 | €1,621,370 | €1,599,138 | -€22,232 | -1.4% |
| Tangible fixed assets | 22/27 | €1,621,370 | €1,599,138 | -€22,232 | -1.4% |
| Land and buildings | 22 | €1,520,092 | €1,520,092 | = | 0.0% |
| Plant, machinery and equipment | 23 | €15,126 | €11,046 | -€4,080 | -27.0% |
| Leasing and similar rights | 25 | €86,152 | €68,000 | -€18,152 | -21.1% |
| Current assets | 29/58 | €18,762 | €21,260 | +€2,498 | +13.3% |
| Amounts receivable within one year | 40/41 | €3,025 | - | -€3,025 | |
| Trade receivables | 40 | €3,025 | - | -€3,025 | |
| Cash at bank and in hand | 54/58 | €14,484 | €19,964 | +€5,480 | +37.8% |
| Deferred charges and accrued income | 490/1 | €1,254 | €1,296 | +€43 | +3.4% |
| Total equity and liabilities | 10/49 | €1,640,132 | €1,620,398 | -€19,734 | -1.2% |
| Equity | 10/15 | €1,176,560 | €1,217,814 | +€41,254 | +3.5% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €826,634 | €867,884 | +€41,250 | +5.0% |
| Distributable reserves | 133 | €826,634 | €867,884 | +€41,250 | +5.0% |
| Profit (loss) carried forward | 14 | €149,926 | €149,930 | +€4 | 0.0% |
| Amounts payable | 17/49 | €463,573 | €402,585 | -€60,988 | -13.2% |
| Amounts payable after more than one year | 17 | €81,679 | €55,485 | -€26,194 | -32.1% |
| Financial debts | 170/4 | €81,679 | €55,485 | -€26,194 | -32.1% |
| Amounts payable within one year | 42/48 | €381,894 | €347,099 | -€34,794 | -9.1% |
| Current portion of amounts payable after more than one year | 42 | €22,606 | €24,816 | +€2,210 | +9.8% |
| Trade debts | 44 | €38,104 | €8,930 | -€29,174 | -76.6% |
| Suppliers | 440/4 | €38,104 | €8,930 | -€29,174 | -76.6% |
| Taxes, remuneration and social security | 45 | €16,256 | €28,169 | +€11,913 | +73.3% |
| Taxes | 450/3 | €16,256 | €28,169 | +€11,913 | +73.3% |
| Other amounts payable | 47/48 | €304,928 | €285,184 | -€19,743 | -6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,611 | €22,232 | +€12,621 | +131.3% |
| Other operating charges | 640/8 | €11,984 | €8,499 | -€3,485 | -29.1% |
| Gross operating margin | 9900 | €63,264 | €96,782 | +€33,517 | +53.0% |
| Operating profit (loss) | 9901 | €41,669 | €66,051 | +€24,381 | +58.5% |
| Financial charges | 65/66B | €3,350 | €3,628 | +€278 | +8.3% |
| Recurring financial charges | 65 | €3,350 | €3,628 | +€278 | +8.3% |
| Profit (loss) for the period before taxes | 9903 | €38,319 | €62,422 | +€24,103 | +62.9% |
| Income taxes | 67/77 | €13,914 | €21,168 | +€7,254 | +52.1% |
| Profit (loss) for the period | 9904 | €24,405 | €41,254 | +€16,849 | +69.0% |
| Profit (loss) for the period to be appropriated | 9905 | €24,405 | €41,254 | +€16,849 | +69.0% |
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 3 October 2026 via checked.be.