TRADCOM: 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.
TRADCOM
Largest movements
- Receivables within one year -€20,574
no longer reported in 2025 (was €20,574)
- Cash +€9,265
up €9,265 (+11.4%), from €80,983 to €90,247
mainly Receivables within one year (+€20,574) and Depreciation (+€6,444)
- Tangible fixed assets -€6,444
down €6,444 (-2.5%), from €252,980 to €246,536
- Other debts -€16,260
down €16,260 (-57.5%), from €28,293 to €12,033
- Gross operating margin +€2,493
up €2,493 (+61.9%), from €4,027 to €6,520
- Financial income +€225
up €225 (+109.6%), from €205 to €431
of which Financial income: +€225
- Financial charges +€71
up €71 (+46.1%), from €153 to €224
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 | €354,537 | €336,784 | -€17,753 | -5.0% |
| Fixed assets | 21/28 | €252,980 | €246,536 | -€6,444 | -2.5% |
| Tangible fixed assets | 22/27 | €252,980 | €246,536 | -€6,444 | -2.5% |
| Land and buildings | 22 | €252,980 | €246,536 | -€6,444 | -2.5% |
| Current assets | 29/58 | €101,557 | €90,247 | -€11,309 | -11.1% |
| Amounts receivable within one year | 40/41 | €20,574 | - | -€20,574 | |
| Other amounts receivable | 41 | €20,574 | - | -€20,574 | |
| Cash at bank and in hand | 54/58 | €80,983 | €90,247 | +€9,265 | +11.4% |
| Total equity and liabilities | 10/49 | €354,537 | €336,784 | -€17,753 | -5.0% |
| Equity | 10/15 | €326,244 | €324,750 | -€1,494 | -0.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | €18,592 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €2,787 | €2,787 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,787 | €2,787 | = | 0.0% |
| Legal reserve | 130 | €2,787 | €2,787 | = | 0.0% |
| Profit (loss) carried forward | 14 | €304,866 | €303,372 | -€1,494 | -0.5% |
| Amounts payable | 17/49 | €28,293 | €12,033 | -€16,260 | -57.5% |
| Amounts payable within one year | 42/48 | €28,293 | €12,033 | -€16,260 | -57.5% |
| Other amounts payable | 47/48 | €28,293 | €12,033 | -€16,260 | -57.5% |
| Non-recurring operating income | 76A | €8,130 | €8,130 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,444 | €6,444 | = | 0.0% |
| Other operating charges | 640/8 | €1,731 | €1,777 | +€46 | +2.7% |
| Gross operating margin | 9900 | €4,027 | €6,520 | +€2,493 | +61.9% |
| Operating profit (loss) | 9901 | -€4,147 | -€1,700 | +€2,447 | +59.0% |
| Financial income | 75/76B | €205 | €431 | +€225 | +109.6% |
| Recurring financial income | 75 | €205 | €431 | +€225 | +109.6% |
| Non-recurring financial income | 76B | €205 | €431 | +€225 | +109.6% |
| Financial charges | 65/66B | €153 | €224 | +€71 | +46.1% |
| Recurring financial charges | 65 | €153 | €224 | +€71 | +46.1% |
| Profit (loss) for the period before taxes | 9903 | -€4,095 | -€1,494 | +€2,601 | +63.5% |
| Profit (loss) for the period | 9904 | -€4,095 | -€1,494 | +€2,601 | +63.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,095 | -€1,494 | +€2,601 | +63.5% |
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.