TRADE IMMO: 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 IMMO
Largest movements
- Receivables within one year -€209,408
down €209,408 (-31.3%), from €668,812 to €459,404
of which Other amounts receivable: -€226,230
- Cash -€11,933
down €11,933 (-39.1%), from €30,505 to €18,573
mainly Other debts (-€237,034) and Trade debts (-€37,212)
- Other debts -€237,034
down €237,034 (-45.0%), from €526,432 to €289,398
- Trade debts -€37,212
down €37,212 (-18.9%), from €196,874 to €159,662
- Profit (loss) carried forward +€30,136
up €30,136 (+1,586%), from €1,900 to €32,037
- Tax, wage and social debts +€13,987
up €13,987 (+120%), from €11,676 to €25,664
- Provisions +€12,000
up €12,000 (+46.2%), from €26,000 to €38,000
- Write-downs -€14,000
down €14,000 (-53.8%), from €26,000 to €12,000
- Taxes +€7,322
up €7,322 (+99.1%), from €7,390 to €14,712
- Gross operating margin +€3,677
up €3,677 (+3.4%), from €108,406 to €112,083
- Provisions -€1,928
no longer reported in 2025 (was €1,928)
- Other operating charges -€1,467
down €1,467 (-37.4%), from €3,925 to €2,458
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 | €968,916 | €750,793 | -€218,122 | -22.5% |
| Fixed assets | 21/28 | €18,462 | €21,342 | +€2,880 | +15.6% |
| Tangible fixed assets | 22/27 | - | €2,880 | +€2,880 | |
| Furniture and vehicles | 24 | - | €2,880 | +€2,880 | |
| Financial fixed assets | 28 | €18,462 | €18,462 | = | 0.0% |
| Current assets | 29/58 | €950,453 | €729,451 | -€221,002 | -23.3% |
| Stocks and contracts in progress | 3 | €230,830 | €230,830 | = | 0.0% |
| Stocks | 30/36 | €230,830 | €230,830 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €668,812 | €459,404 | -€209,408 | -31.3% |
| Trade receivables | 40 | €442,582 | €459,404 | +€16,822 | +3.8% |
| Other amounts receivable | 41 | €226,230 | - | -€226,230 | |
| Cash at bank and in hand | 54/58 | €30,505 | €18,573 | -€11,933 | -39.1% |
| Deferred charges and accrued income | 490/1 | €20,306 | €20,644 | +€338 | +1.7% |
| Total equity and liabilities | 10/49 | €968,916 | €750,793 | -€218,122 | -22.5% |
| Equity | 10/15 | €22,360 | €52,497 | +€30,136 | +135% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| 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 | €1,900 | €32,037 | +€30,136 | +1,586% |
| Provisions and deferred taxes | 16 | €26,000 | €38,000 | +€12,000 | +46.2% |
| Provisions for liabilities and charges | 160/5 | €26,000 | €38,000 | +€12,000 | +46.2% |
| Other liabilities and charges | 164/5 | €26,000 | €38,000 | +€12,000 | +46.2% |
| Amounts payable | 17/49 | €920,555 | €660,297 | -€260,259 | -28.3% |
| Amounts payable within one year | 42/48 | €735,555 | €475,297 | -€260,259 | -35.4% |
| Financial debts | 43 | €573 | €573 | = | 0.0% |
| Credit institutions | 430/8 | €573 | €573 | = | 0.0% |
| Trade debts | 44 | €196,874 | €159,662 | -€37,212 | -18.9% |
| Suppliers | 440/4 | €196,874 | €159,662 | -€37,212 | -18.9% |
| Taxes, remuneration and social security | 45 | €11,676 | €25,664 | +€13,987 | +120% |
| Taxes | 450/3 | €11,676 | €25,664 | +€13,987 | +120% |
| Other amounts payable | 47/48 | €526,432 | €289,398 | -€237,034 | -45.0% |
| Accrued charges and deferred income | 492/3 | €185,000 | €185,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €770 | €720 | -€50 | -6.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €26,000 | €12,000 | -€14,000 | -53.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €1,928 | - | -€1,928 | |
| Other operating charges | 640/8 | €3,925 | €2,458 | -€1,467 | -37.4% |
| Gross operating margin | 9900 | €108,406 | €112,083 | +€3,677 | +3.4% |
| Operating profit (loss) | 9901 | €75,783 | €96,905 | +€21,121 | +27.9% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €38,325 | €38,057 | -€268 | -0.7% |
| Recurring financial charges | 65 | €38,325 | €38,057 | -€268 | -0.7% |
| Profit (loss) for the period before taxes | 9903 | €37,458 | €58,848 | +€21,390 | +57.1% |
| Income taxes | 67/77 | €7,390 | €14,712 | +€7,322 | +99.1% |
| Profit (loss) for the period | 9904 | €30,068 | €44,136 | +€14,068 | +46.8% |
| Profit (loss) for the period to be appropriated | 9905 | €30,068 | €44,136 | +€14,068 | +46.8% |
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 19 October 2026 via checked.be.