TRADE WIND: what changed
TRADE WIND
Largest movements
- Receivables after one year -€585,584
down €585,584 (-22.1%), from €2.6m to €2.1m
- Current investments -€194,584
down €194,584 (-3.4%), from €5.8m to €5.6m
- Cash +€142,967
up €142,967 (+10.9%), from €1.3m to €1.4m
mainly Receivables after one year (+€585,584) and Current investments (+€194,584)
- Debts after one year -€753,500
down €753,500 (-7.2%), from €10.4m to €9.7m
- Reserves +€145,000
up €145,000 (+38.5%), from €376,900 to €521,900
of which Distributable reserves: +€145,000
- Financial income +€6,935
up €6,935 (+3.6%), from €194,066 to €201,001
- Taxes -€5,454
down €5,454 (-21.4%), from €25,531 to €20,077
- Financial charges +€1,726
up €1,726 (+5.2%), from €33,451 to €35,177
- Gross operating margin -€686
down €686 (-17.9%), from €3,838 to €3,153
- Other operating charges +€452
up €452 (+38.9%), from €1,161 to €1,614
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,821,560 | €10,215,466 | -€606,094 | -5.6% |
| Fixed assets | 21/28 | €550,000 | €550,000 | = | 0.0% |
| Financial fixed assets | 28 | €550,000 | €550,000 | = | 0.0% |
| Current assets | 29/58 | €10,271,560 | €9,665,466 | -€606,094 | -5.9% |
| Amounts receivable after more than one year | 29 | €2,649,686 | €2,064,102 | -€585,584 | -22.1% |
| Other amounts receivable | 291 | €2,649,686 | €2,064,102 | -€585,584 | -22.1% |
| Amounts receivable within one year | 40/41 | €539,126 | €570,233 | +€31,107 | +5.8% |
| Trade receivables | 40 | €530,000 | €530,000 | = | 0.0% |
| Other amounts receivable | 41 | €9,126 | €40,233 | +€31,107 | +341% |
| Current investments | 50/53 | €5,776,656 | €5,582,073 | -€194,584 | -3.4% |
| Cash at bank and in hand | 54/58 | €1,306,092 | €1,449,059 | +€142,967 | +10.9% |
| Total equity and liabilities | 10/49 | €10,821,560 | €10,215,466 | -€606,094 | -5.6% |
| Equity | 10/15 | €391,788 | €539,074 | +€147,286 | +37.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €376,900 | €521,900 | +€145,000 | +38.5% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Distributable reserves | 133 | €375,000 | €520,000 | +€145,000 | +38.7% |
| Profit (loss) carried forward | 14 | €2,488 | €4,774 | +€2,286 | +91.9% |
| Amounts payable | 17/49 | €10,429,773 | €9,676,393 | -€753,380 | -7.2% |
| Amounts payable after more than one year | 17 | €10,428,346 | €9,674,846 | -€753,500 | -7.2% |
| Other amounts payable | 178/9 | €10,428,346 | €9,674,846 | -€753,500 | -7.2% |
| Amounts payable within one year | 42/48 | €1,426 | €1,546 | +€120 | +8.4% |
| Trade debts | 44 | €49 | €291 | +€242 | +495% |
| Suppliers | 440/4 | €49 | €291 | +€242 | +495% |
| Taxes, remuneration and social security | 45 | €122 | - | -€122 | |
| Taxes | 450/3 | €122 | - | -€122 | |
| Other amounts payable | 47/48 | €1,255 | €1,255 | = | 0.0% |
| Other operating charges | 640/8 | €1,161 | €1,614 | +€452 | +38.9% |
| Gross operating margin | 9900 | €3,838 | €3,153 | -€686 | -17.9% |
| Operating profit (loss) | 9901 | €2,677 | €1,539 | -€1,138 | -42.5% |
| Financial income | 75/76B | €194,066 | €201,001 | +€6,935 | +3.6% |
| Recurring financial income | 75 | €194,066 | €201,001 | +€6,935 | +3.6% |
| Financial charges | 65/66B | €33,451 | €35,177 | +€1,726 | +5.2% |
| Recurring financial charges | 65 | €33,451 | €35,177 | +€1,726 | +5.2% |
| Profit (loss) for the period before taxes | 9903 | €163,292 | €167,363 | +€4,071 | +2.5% |
| Income taxes | 67/77 | €25,531 | €20,077 | -€5,454 | -21.4% |
| Profit (loss) for the period | 9904 | €137,761 | €147,286 | +€9,525 | +6.9% |
| Profit (loss) for the period to be appropriated | 9905 | €137,761 | €147,286 | +€9,525 | +6.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.