TRADE COM: 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 COM
Largest movements
- Receivables within one year -€141,841
down €141,841 (-66.8%), from €212,215 to €70,373
of which Trade receivables: -€88,603
- Tangible fixed assets -€16,300
down €16,300 (-14.5%), from €112,774 to €96,474
of which Land and buildings: -€12,000
- Stocks and contracts +€7,901
up €7,901 (+6.0%), from €131,155 to €139,057
- Advances received -€92,957
down €92,957 (-100.0%), from €92,957 to €0
- Profit (loss) carried forward -€36,627
new in 2025: -€36,627
- Debts after one year -€28,317
down €28,317 (-45.4%), from €62,437 to €34,120
- Trade debts +€18,507
up €18,507 (+1092.4%), from €1,694 to €20,201
- Other debts -€14,283
down €14,283 (-9.6%), from €148,924 to €134,641
- Gross operating margin -€54,238
down €54,238, from €37,387 to -€16,851
- Taxes -€1,702
down €1,702 (-100.0%), from €1,702 to €0
- Financial charges +€1,119
up €1,119 (+59.5%), from €1,879 to €2,997
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 | €465,910 | €313,231 | -€152,680 | -32.8% |
| Fixed assets | 21/28 | €112,774 | €96,474 | -€16,300 | -14.5% |
| Tangible fixed assets | 22/27 | €112,774 | €96,474 | -€16,300 | -14.5% |
| Land and buildings | 22 | €84,000 | €72,000 | -€12,000 | -14.3% |
| Plant, machinery and equipment | 23 | €774 | €474 | -€300 | -38.7% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Other tangible fixed assets | 26 | €28,000 | €24,000 | -€4,000 | -14.3% |
| Current assets | 29/58 | €353,136 | €216,757 | -€136,380 | -38.6% |
| Stocks and contracts in progress | 3 | €131,155 | €139,057 | +€7,901 | +6.0% |
| Stocks | 30/36 | €131,155 | €139,057 | +€7,901 | +6.0% |
| Amounts receivable within one year | 40/41 | €212,215 | €70,373 | -€141,841 | -66.8% |
| Trade receivables | 40 | €96,476 | €7,873 | -€88,603 | -91.8% |
| Other amounts receivable | 41 | €115,738 | €62,500 | -€53,238 | -46.0% |
| Cash at bank and in hand | 54/58 | €6,863 | €4,664 | -€2,199 | -32.0% |
| Deferred charges and accrued income | 490/1 | €2,903 | €2,663 | -€240 | -8.3% |
| Total equity and liabilities | 10/49 | €465,910 | €313,231 | -€152,680 | -32.8% |
| Equity | 10/15 | €125,195 | €88,568 | -€36,627 | -29.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €118,995 | €118,995 | = | 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% |
| Distributable reserves | 133 | €117,135 | €117,135 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€36,627 | -€36,627 | |
| Amounts payable | 17/49 | €340,716 | €224,663 | -€116,053 | -34.1% |
| Amounts payable after more than one year | 17 | €62,437 | €34,120 | -€28,317 | -45.4% |
| Financial debts | 170/4 | €62,437 | €34,120 | -€28,317 | -45.4% |
| Amounts payable within one year | 42/48 | €275,079 | €190,543 | -€84,536 | -30.7% |
| Current portion of amounts payable after more than one year | 42 | €27,486 | €33,999 | +€6,513 | +23.7% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €1,694 | €20,201 | +€18,507 | +1092.4% |
| Suppliers | 440/4 | €1,694 | €20,201 | +€18,507 | +1092.4% |
| Advances received on contracts in progress | 46 | €92,957 | €0 | -€92,957 | -100.0% |
| Taxes, remuneration and social security | 45 | €4,017 | €1,702 | -€2,315 | -57.6% |
| Taxes | 450/3 | €4,017 | €1,702 | -€2,315 | -57.6% |
| Other amounts payable | 47/48 | €148,924 | €134,641 | -€14,283 | -9.6% |
| Accrued charges and deferred income | 492/3 | €3,200 | €0 | -€3,200 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,544 | €16,300 | -€244 | -1.5% |
| Other operating charges | 640/8 | €242 | €485 | +€243 | +100.7% |
| Gross operating margin | 9900 | €37,387 | -€16,851 | -€54,238 | |
| Operating profit (loss) | 9901 | €20,601 | -€33,636 | -€54,237 | |
| Financial income | 75/76B | €0 | €6 | +€6 | |
| Recurring financial income | 75 | €0 | €6 | +€6 | |
| Financial charges | 65/66B | €1,879 | €2,997 | +€1,119 | +59.5% |
| Recurring financial charges | 65 | €1,879 | €2,997 | +€1,119 | +59.5% |
| Profit (loss) for the period before taxes | 9903 | €18,723 | -€36,627 | -€55,350 | |
| Income taxes | 67/77 | €1,702 | €0 | -€1,702 | -100.0% |
| Profit (loss) for the period | 9904 | €17,021 | -€36,627 | -€53,647 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,021 | -€36,627 | -€53,647 |
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 12 October 2026 via checked.be.