TRADE7: 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.
What changed
TRADE7
NACE 46.869, Wholesale trade
financial year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€173,340
2023 · €14,561+€158,779
Equity
€575,137
2023 · €401,797+€173,340
Cash
€11,330
2023 · €22,969-€11,639
Balance sheet total
€1.8m
2023 · €2.0m-€215,382
Largest movements
Assets
- Tangible fixed assets -€205,930
down €205,930 (-14.0%), from €1.5m to €1.3m
of which Land and buildings: -€194,086
- Stocks and contracts -€185,000
down €185,000 (-61.7%), from €300,000 to €115,000
- Current investments +€180,703
up €180,703 (+1300.3%), from €13,897 to €194,600
Equity and liabilities
- Debts after one year -€407,294
down €407,294 (-30.7%), from €1.3m to €920,170
- Profit (loss) carried forward +€178,276
up €178,276 (+65.9%), from €270,721 to €448,997
Income statement
- Gross operating margin +€206,145
up €206,145 (+105.6%), from €195,271 to €401,415
- Taxes +€58,882
up €58,882 (+574.5%), from €10,250 to €69,132
- Financial charges -€12,214
down €12,214 (-26.0%), from €46,969 to €34,755
- Other operating charges +€11,964
up €11,964 (+36.3%), from €32,984 to €44,948
- Depreciation -€10,326
down €10,326 (-10.9%), from €94,619 to €84,293
From the 2023 result to the 2024 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.
Result 2023
€14,561
Gross operating margin
+€206,145
Depreciation
+€10,326
Other operating charges
-€11,964
Financial income
+€940
Financial charges
+€12,214
Taxes
-€58,882
Result 2024
€173,340
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€447,067
Investment
-€59,067
Financing
-€399,639
Cash 2023
€22,969
From operations (derived)
+€447,067
Net result for the year
+€173,340
Depreciation
+€84,293
Stocks and contracts
+€185,000
Receivables within one year
-€7,613
Deferred charges and accrued income
+€1,129
Provisions
-€2,543
Trade debts
-€16,446
Tax, wage and social debts
+€19,100
Other debts
+€4,406
Accrued charges and deferred income
+€6,400
Investment (derived)
-€59,067
Investment in fixed assets (net)
+€121,636
Current investments
-€180,703
Financing
-€399,639
Debts after one year
-€407,294
Current portion of long-term debt
+€7,655
Cash 2024
€11,330
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,978,682 | €1,763,300 | -€215,382 | -10.9% |
| Fixed assets | 21/28 | €1,473,065 | €1,267,135 | -€205,930 | -14.0% |
| Tangible fixed assets | 22/27 | €1,473,065 | €1,267,135 | -€205,930 | -14.0% |
| Land and buildings | 22 | €1,432,706 | €1,238,621 | -€194,086 | -13.5% |
| Plant, machinery and equipment | 23 | €1,698 | €5,759 | +€4,061 | +239.2% |
| Furniture and vehicles | 24 | €30,031 | €22,755 | -€7,276 | -24.2% |
| Assets under construction and advance payments | 27 | €8,630 | €0 | -€8,630 | -100.0% |
| Current assets | 29/58 | €505,617 | €496,164 | -€9,453 | -1.9% |
| Stocks and contracts in progress | 3 | €300,000 | €115,000 | -€185,000 | -61.7% |
| Stocks | 30/36 | €300,000 | €115,000 | -€185,000 | -61.7% |
| Amounts receivable within one year | 40/41 | €167,620 | €175,233 | +€7,613 | +4.5% |
| Trade receivables | 40 | €77,896 | €71,994 | -€5,902 | -7.6% |
| Other amounts receivable | 41 | €89,724 | €103,239 | +€13,515 | +15.1% |
| Current investments | 50/53 | €13,897 | €194,600 | +€180,703 | +1300.3% |
| Cash at bank and in hand | 54/58 | €22,969 | €11,330 | -€11,639 | -50.7% |
| Deferred charges and accrued income | 490/1 | €1,129 | €0 | -€1,129 | -100.0% |
| Total equity and liabilities | 10/49 | €1,978,682 | €1,763,300 | -€215,382 | -10.9% |
| Equity | 10/15 | €401,797 | €575,137 | +€173,340 | +43.1% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €69,103 | €64,167 | -€4,936 | -7.1% |
| Tax-exempt reserves | 132 | €69,103 | €64,167 | -€4,936 | -7.1% |
| Profit (loss) carried forward | 14 | €270,721 | €448,997 | +€178,276 | +65.9% |
| Provisions and deferred taxes | 16 | €35,598 | €33,056 | -€2,543 | -7.1% |
| Deferred taxes | 168 | €35,598 | €33,056 | -€2,543 | -7.1% |
| Amounts payable | 17/49 | €1,541,286 | €1,155,107 | -€386,180 | -25.1% |
| Amounts payable after more than one year | 17 | €1,327,463 | €920,170 | -€407,294 | -30.7% |
| Financial debts | 170/4 | €1,327,463 | €920,170 | -€407,294 | -30.7% |
| Amounts payable within one year | 42/48 | €213,823 | €228,537 | +€14,714 | +6.9% |
| Current portion of amounts payable after more than one year | 42 | €92,249 | €99,904 | +€7,655 | +8.3% |
| Trade debts | 44 | €50,795 | €34,349 | -€16,446 | -32.4% |
| Suppliers | 440/4 | €50,795 | €34,349 | -€16,446 | -32.4% |
| Taxes, remuneration and social security | 45 | €60,100 | €79,200 | +€19,100 | +31.8% |
| Taxes | 450/3 | €60,100 | €79,200 | +€19,100 | +31.8% |
| Other amounts payable | 47/48 | €10,679 | €15,084 | +€4,406 | +41.3% |
| Accrued charges and deferred income | 492/3 | - | €6,400 | +€6,400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €94,619 | €84,293 | -€10,326 | -10.9% |
| Other operating charges | 640/8 | €32,984 | €44,948 | +€11,964 | +36.3% |
| Gross operating margin | 9900 | €195,271 | €401,415 | +€206,145 | +105.6% |
| Operating profit (loss) | 9901 | €67,668 | €272,174 | +€204,506 | +302.2% |
| Financial income | 75/76B | €1,570 | €2,510 | +€940 | +59.9% |
| Recurring financial income | 75 | €1,570 | €2,510 | +€940 | +59.9% |
| Financial charges | 65/66B | €46,969 | €34,755 | -€12,214 | -26.0% |
| Recurring financial charges | 65 | €46,969 | €34,755 | -€12,214 | -26.0% |
| Profit (loss) for the period before taxes | 9903 | €22,268 | €239,929 | +€217,661 | +977.5% |
| Transfer from deferred taxes | 780 | €2,543 | €2,543 | = | 0.0% |
| Income taxes | 67/77 | €10,250 | €69,132 | +€58,882 | +574.5% |
| Profit (loss) for the period | 9904 | €14,561 | €173,340 | +€158,779 | +1090.4% |
| Transfer from tax-exempt reserves | 789 | €4,936 | €4,936 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €19,497 | €178,276 | +€158,779 | +814.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.