TRADE & CO: 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 & CO
Largest movements
- Receivables within one year -€231,164
down €231,164 (-82.5%), from €280,042 to €48,878
of which Trade receivables: -€231,636
- Stocks and contracts +€22,719
up €22,719 (+147%), from €15,459 to €38,178
- Cash -€16,103
down €16,103 (-32.9%), from €48,912 to €32,809
mainly Trade debts (-€206,730) and Contributions, distributions and other (-€42,000)
- Trade debts -€206,730
down €206,730 (-72.5%), from €285,157 to €78,427
- Contributions -€42,000
down €42,000 (-69.6%), from €60,308 to €18,308
- Other debts +€13,853
new in 2025: €13,853
- Profit (loss) carried forward +€7,379
up €7,379, from -€3,364 to €4,014
- Turnover +€1.5m
up €1.5m (+933%), from €158,829 to €1.6m
- Purchases and services +€1.5m
up €1.5m (+1,314%), from €111,566 to €1.6m
- Staff costs +€23,552
up €23,552 (+75.8%), from €31,053 to €54,605
- Gross operating margin +€18,124
up €18,124 (+38.3%), from €47,264 to €65,387
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 | €353,525 | €126,977 | -€226,548 | -64.1% |
| Fixed assets | 21/28 | €9,112 | €7,112 | -€2,000 | -21.9% |
| Intangible fixed assets | 21 | €9,112 | €7,112 | -€2,000 | -21.9% |
| Current assets | 29/58 | €344,413 | €119,865 | -€224,548 | -65.2% |
| Stocks and contracts in progress | 3 | €15,459 | €38,178 | +€22,719 | +147% |
| Stocks | 30/36 | €15,459 | €38,178 | +€22,719 | +147% |
| Amounts receivable within one year | 40/41 | €280,042 | €48,878 | -€231,164 | -82.5% |
| Trade receivables | 40 | €280,042 | €48,405 | -€231,636 | -82.7% |
| Other amounts receivable | 41 | - | €473 | +€473 | |
| Cash at bank and in hand | 54/58 | €48,912 | €32,809 | -€16,103 | -32.9% |
| Total equity and liabilities | 10/49 | €353,525 | €126,977 | -€226,548 | -64.1% |
| Equity | 10/15 | €58,804 | €24,183 | -€34,621 | -58.9% |
| Contributions | 10/11 | €60,308 | €18,308 | -€42,000 | -69.6% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,364 | €4,014 | +€7,379 | |
| Amounts payable | 17/49 | €294,721 | €102,794 | -€191,927 | -65.1% |
| Amounts payable within one year | 42/48 | €294,721 | €102,794 | -€191,927 | -65.1% |
| Financial debts | 43 | €22 | - | -€22 | |
| Credit institutions | 430/8 | €22 | - | -€22 | |
| Trade debts | 44 | €285,157 | €78,427 | -€206,730 | -72.5% |
| Suppliers | 440/4 | €285,157 | €78,427 | -€206,730 | -72.5% |
| Taxes, remuneration and social security | 45 | €9,543 | €10,514 | +€972 | +10.2% |
| Taxes | 450/3 | €1,603 | €2,829 | +€1,225 | +76.4% |
| Remuneration and social security | 454/9 | €7,939 | €7,686 | -€254 | -3.2% |
| Other amounts payable | 47/48 | - | €13,853 | +€13,853 | |
| Turnover | 70 | €158,829 | €1,640,347 | +€1.5m | +933% |
| Goods, raw materials, services and sundry goods | 60/61 | €111,566 | €1,577,735 | +€1.5m | +1,314% |
| Remuneration, social security and pensions | 62 | €31,053 | €54,605 | +€23,552 | +75.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €888 | €2,000 | +€1,112 | +125% |
| Other operating charges | 640/8 | €478 | €738 | +€260 | +54.2% |
| Gross operating margin | 9900 | €47,264 | €65,387 | +€18,124 | +38.3% |
| Operating profit (loss) | 9901 | €14,844 | €8,044 | -€6,800 | -45.8% |
| Financial charges | 65/66B | €125 | €665 | +€541 | +435% |
| Recurring financial charges | 65 | €125 | €665 | +€541 | +435% |
| Profit (loss) for the period before taxes | 9903 | €14,720 | €7,379 | -€7,341 | -49.9% |
| Profit (loss) for the period | 9904 | €14,720 | €7,379 | -€7,341 | -49.9% |
| Profit (loss) for the period to be appropriated | 9905 | €14,720 | €7,379 | -€7,341 | -49.9% |
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 28 October 2026 via checked.be.