TRADE ADVISING: 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.
TRADE ADVISING
Largest movements
- Cash -€88,049
down €88,049 (-50.4%), from €174,648 to €86,599
mainly Contributions, distributions and other (-€180,000) and Trade debts (-€38,015)
- Trade debts -€38,015
down €38,015 (-10.1%), from €376,948 to €338,933
- Reserves -€27,988
down €27,988 (-63.2%), from €44,268 to €16,281
of which Distributable reserves: -€27,988
- Other debts -€17,393
down €17,393 (-8.7%), from €200,000 to €182,607
- Tax, wage and social debts -€13,492
down €13,492 (-28.1%), from €48,076 to €34,584
- Gross operating margin -€91,244
down €91,244 (-30.5%), from €299,497 to €208,253
- Taxes -€22,515
down €22,515 (-30.6%), from €73,518 to €51,003
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.
Derived cash bridge
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 | €794,292 | €697,404 | -€96,888 | -12.2% |
| Fixed assets | 21/28 | €25,085 | €22,755 | -€2,329 | -9.3% |
| Tangible fixed assets | 22/27 | €25,085 | €22,755 | -€2,329 | -9.3% |
| Land and buildings | 22 | €17,521 | €17,521 | = | 0.0% |
| Plant, machinery and equipment | 23 | €7,564 | €5,235 | -€2,329 | -30.8% |
| Current assets | 29/58 | €769,208 | €674,649 | -€94,559 | -12.3% |
| Amounts receivable within one year | 40/41 | €594,559 | €588,050 | -€6,510 | -1.1% |
| Trade receivables | 40 | €505,608 | €550,815 | +€45,207 | +8.9% |
| Other amounts receivable | 41 | €88,952 | €37,234 | -€51,717 | -58.1% |
| Cash at bank and in hand | 54/58 | €174,648 | €86,599 | -€88,049 | -50.4% |
| Total equity and liabilities | 10/49 | €794,292 | €697,404 | -€96,888 | -12.2% |
| Equity | 10/15 | €169,268 | €141,281 | -€27,988 | -16.5% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Capital | 10 | €125,000 | €125,000 | = | 0.0% |
| Issued capital | 100 | €125,000 | €125,000 | = | 0.0% |
| Reserves | 13 | €44,268 | €16,281 | -€27,988 | -63.2% |
| Non-distributable reserves | 130/1 | €12,500 | €12,500 | = | 0.0% |
| Legal reserve | 130 | €12,500 | €12,500 | = | 0.0% |
| Distributable reserves | 133 | €31,768 | €3,781 | -€27,988 | -88.1% |
| Amounts payable | 17/49 | €625,024 | €556,124 | -€68,901 | -11.0% |
| Amounts payable within one year | 42/48 | €625,024 | €556,124 | -€68,901 | -11.0% |
| Trade debts | 44 | €376,948 | €338,933 | -€38,015 | -10.1% |
| Suppliers | 440/4 | €376,948 | €338,933 | -€38,015 | -10.1% |
| Taxes, remuneration and social security | 45 | €48,076 | €34,584 | -€13,492 | -28.1% |
| Taxes | 450/3 | €48,076 | €34,584 | -€13,492 | -28.1% |
| Other amounts payable | 47/48 | €200,000 | €182,607 | -€17,393 | -8.7% |
| Non-recurring operating income | 76A | - | €627 | +€627 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,892 | €2,329 | +€438 | +23.1% |
| Other operating charges | 640/8 | €2,190 | €2,846 | +€656 | +30.0% |
| Gross operating margin | 9900 | €299,497 | €208,253 | -€91,244 | -30.5% |
| Operating profit (loss) | 9901 | €295,415 | €203,077 | -€92,338 | -31.3% |
| Financial income | 75/76B | €835 | €0 | -€835 | -100.0% |
| Recurring financial income | 75 | €835 | €0 | -€835 | -100.0% |
| Financial charges | 65/66B | €2,177 | €61 | -€2,116 | -97.2% |
| Recurring financial charges | 65 | €2,177 | €61 | -€2,116 | -97.2% |
| Profit (loss) for the period before taxes | 9903 | €294,072 | €203,016 | -€91,057 | -31.0% |
| Income taxes | 67/77 | €73,518 | €51,003 | -€22,515 | -30.6% |
| Profit (loss) for the period | 9904 | €220,554 | €152,012 | -€68,542 | -31.1% |
| Profit (loss) for the period to be appropriated | 9905 | €220,554 | €152,012 | -€68,542 | -31.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.