TRADE INTERNATIONAL: 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 INTERNATIONAL
Largest movements
- Tangible fixed assets -€17,258
down €17,258 (-21.7%), from €79,434 to €62,176
of which Furniture and vehicles: -€22,969
- Cash +€6,769
up €6,769 (+13.2%), from €51,355 to €58,124
mainly Net result for the year (+€45,096) and Depreciation (+€16,206)
- Receivables within one year -€6,671
down €6,671 (-10.8%), from €61,614 to €54,943
of which Trade receivables: -€30,002
- Stocks and contracts -€3,267
down €3,267 (-32.8%), from €9,957 to €6,690
- Trade debts -€21,015
down €21,015 (-50.9%), from €41,320 to €20,305
- Reserves +€20,096
up €20,096 (+39.4%), from €51,051 to €71,147
- Debts after one year -€16,448
down €16,448 (-64.5%), from €25,488 to €9,040
- Current portion of long-term debt -€4,117
down €4,117 (-20.0%), from €20,565 to €16,448
- Other debts +€3,000
up €3,000 (+25.0%), from €12,000 to €15,000
- Depreciation +€12,747
up €12,747 (+369%), from €3,459 to €16,206
- Gross operating margin -€10,341
down €10,341 (-10.2%), from €101,843 to €91,502
- Taxes -€6,037
down €6,037 (-30.7%), from €19,689 to €13,653
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 | €209,703 | €190,129 | -€19,574 | -9.3% |
| Fixed assets | 21/28 | €83,184 | €65,926 | -€17,258 | -20.7% |
| Tangible fixed assets | 22/27 | €79,434 | €62,176 | -€17,258 | -21.7% |
| Land and buildings | 22 | €1,700 | €9,844 | +€8,145 | +479% |
| Furniture and vehicles | 24 | €73,540 | €50,572 | -€22,969 | -31.2% |
| Other tangible fixed assets | 26 | €4,194 | €1,760 | -€2,434 | -58.0% |
| Financial fixed assets | 28 | €3,750 | €3,750 | = | 0.0% |
| Current assets | 29/58 | €126,519 | €124,203 | -€2,316 | -1.8% |
| Stocks and contracts in progress | 3 | €9,957 | €6,690 | -€3,267 | -32.8% |
| Stocks | 30/36 | €9,957 | €6,690 | -€3,267 | -32.8% |
| Amounts receivable within one year | 40/41 | €61,614 | €54,943 | -€6,671 | -10.8% |
| Trade receivables | 40 | €32,137 | €2,135 | -€30,002 | -93.4% |
| Other amounts receivable | 41 | €29,477 | €52,808 | +€23,331 | +79.1% |
| Cash at bank and in hand | 54/58 | €51,355 | €58,124 | +€6,769 | +13.2% |
| Deferred charges and accrued income | 490/1 | €3,593 | €4,447 | +€853 | +23.8% |
| Total equity and liabilities | 10/49 | €209,703 | €190,129 | -€19,574 | -9.3% |
| Equity | 10/15 | €74,166 | €94,262 | +€20,096 | +27.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €51,051 | €71,147 | +€20,096 | +39.4% |
| Distributable reserves | 133 | €51,051 | €71,147 | +€20,096 | +39.4% |
| Profit (loss) carried forward | 14 | €4,522 | €4,522 | = | 0.0% |
| Amounts payable | 17/49 | €135,537 | €95,867 | -€39,670 | -29.3% |
| Amounts payable after more than one year | 17 | €25,488 | €9,040 | -€16,448 | -64.5% |
| Financial debts | 170/4 | €25,488 | €9,040 | -€16,448 | -64.5% |
| Amounts payable within one year | 42/48 | €110,049 | €86,827 | -€23,222 | -21.1% |
| Current portion of amounts payable after more than one year | 42 | €20,565 | €16,448 | -€4,117 | -20.0% |
| Trade debts | 44 | €41,320 | €20,305 | -€21,015 | -50.9% |
| Suppliers | 440/4 | €41,320 | €20,305 | -€21,015 | -50.9% |
| Taxes, remuneration and social security | 45 | €36,164 | €35,074 | -€1,090 | -3.0% |
| Taxes | 450/3 | €34,854 | €33,731 | -€1,123 | -3.2% |
| Remuneration and social security | 454/9 | €1,309 | €1,343 | +€33 | +2.5% |
| Other amounts payable | 47/48 | €12,000 | €15,000 | +€3,000 | +25.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €10,751 | €11,358 | +€607 | +5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,459 | €16,206 | +€12,747 | +369% |
| Other operating charges | 640/8 | €4,682 | €5,372 | +€690 | +14.7% |
| Non-recurring operating charges | 66A | €6,808 | €0 | -€6,808 | -100% |
| Gross operating margin | 9900 | €101,843 | €91,502 | -€10,341 | -10.2% |
| Operating profit (loss) | 9901 | €76,143 | €58,565 | -€17,578 | -23.1% |
| Financial income | 75/76B | €1,966 | €2,812 | +€846 | +43.0% |
| Recurring financial income | 75 | €1,966 | €2,812 | +€846 | +43.0% |
| Financial charges | 65/66B | €3,249 | €2,628 | -€621 | -19.1% |
| Recurring financial charges | 65 | €3,249 | €2,628 | -€621 | -19.1% |
| Profit (loss) for the period before taxes | 9903 | €74,860 | €58,749 | -€16,111 | -21.5% |
| Income taxes | 67/77 | €19,689 | €13,653 | -€6,037 | -30.7% |
| Profit (loss) for the period | 9904 | €55,171 | €45,096 | -€10,075 | -18.3% |
| Profit (loss) for the period to be appropriated | 9905 | €55,171 | €45,096 | -€10,075 | -18.3% |
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 28 October 2026 via checked.be.