TRADE & TECHNOLOGY 34: 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 & TECHNOLOGY 34
Largest movements
- Tangible fixed assets -€18,219
down €18,219 (-13.7%), from €132,828 to €114,609
of which Plant, machinery and equipment: -€18,219
- Cash +€4,874
up €4,874 (+45.2%), from €10,786 to €15,660
mainly Depreciation (+€19,119) and Receivables within one year (+€1,302)
- Profit (loss) carried forward -€15,477
down €15,477 (-14.1%), from -€109,806 to -€125,283
- Gross operating margin +€23,770
up €23,770, from -€19,464 to €4,306
- Financial charges -€411
down €411 (-74.4%), from €553 to €142
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 | €213,175 | €197,614 | -€15,560 | -7.3% |
| Fixed assets | 21/28 | €135,412 | €116,293 | -€19,119 | -14.1% |
| Intangible fixed assets | 21 | €2,584 | €1,684 | -€900 | -34.8% |
| Tangible fixed assets | 22/27 | €132,828 | €114,609 | -€18,219 | -13.7% |
| Plant, machinery and equipment | 23 | €126,841 | €108,621 | -€18,219 | -14.4% |
| Assets under construction and advance payments | 27 | €5,987 | €5,987 | = | 0.0% |
| Current assets | 29/58 | €77,763 | €81,322 | +€3,559 | +4.6% |
| Stocks and contracts in progress | 3 | €53 | €238 | +€184 | +345% |
| Stocks | 30/36 | €53 | €238 | +€184 | +345% |
| Amounts receivable within one year | 40/41 | €66,546 | €65,243 | -€1,302 | -2.0% |
| Trade receivables | 40 | €64,465 | €65,124 | +€659 | +1.0% |
| Other amounts receivable | 41 | €2,081 | €120 | -€1,961 | -94.3% |
| Cash at bank and in hand | 54/58 | €10,786 | €15,660 | +€4,874 | +45.2% |
| Deferred charges and accrued income | 490/1 | €378 | €181 | -€197 | -52.2% |
| Total equity and liabilities | 10/49 | €213,175 | €197,614 | -€15,560 | -7.3% |
| Equity | 10/15 | -€89,346 | -€104,823 | -€15,477 | -17.3% |
| 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 | -€109,806 | -€125,283 | -€15,477 | -14.1% |
| Amounts payable | 17/49 | €302,521 | €302,438 | -€83 | 0.0% |
| Amounts payable after more than one year | 17 | €185,500 | €185,500 | = | 0.0% |
| Financial debts | 170/4 | €185,500 | €185,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €116,730 | €116,638 | -€92 | -0.1% |
| Trade debts | 44 | €60,072 | €58,901 | -€1,171 | -1.9% |
| Suppliers | 440/4 | €60,072 | €58,901 | -€1,171 | -1.9% |
| Taxes, remuneration and social security | 45 | €13,352 | €13,662 | +€310 | +2.3% |
| Taxes | 450/3 | €174 | €484 | +€310 | +179% |
| Remuneration and social security | 454/9 | €13,178 | €13,178 | = | 0.0% |
| Other amounts payable | 47/48 | €43,306 | €44,075 | +€769 | +1.8% |
| Accrued charges and deferred income | 492/3 | €291 | €300 | +€9 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,119 | €19,119 | = | 0.0% |
| Other operating charges | 640/8 | €546 | €527 | -€20 | -3.6% |
| Gross operating margin | 9900 | -€19,464 | €4,306 | +€23,770 | |
| Operating profit (loss) | 9901 | -€39,129 | -€15,339 | +€23,790 | +60.8% |
| Financial income | 75/76B | €66 | €4 | -€63 | -94.4% |
| Recurring financial income | 75 | €66 | €4 | -€63 | -94.4% |
| Financial charges | 65/66B | €553 | €142 | -€411 | -74.4% |
| Recurring financial charges | 65 | €553 | €142 | -€411 | -74.4% |
| Profit (loss) for the period before taxes | 9903 | -€39,616 | -€15,477 | +€24,138 | +60.9% |
| Profit (loss) for the period | 9904 | -€39,616 | -€15,477 | +€24,138 | +60.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€39,616 | -€15,477 | +€24,138 | +60.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.