TRADECC: what changed
Two fiscal 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.
TRADECC
Largest movements
- Receivables within one year -€445,581
down €445,581 (-38.8%), from €1.1m to €702,749
of which Trade receivables: -€359,080
- Tangible fixed assets -€137,038
down €137,038 (-13.3%), from €1.0m to €889,582
of which Leasing and similar rights: -€88,607
- Stocks and contracts -€29,805
down €29,805 (-10.0%), from €299,085 to €269,281
- Trade debts -€414,234
down €414,234 (-40.0%), from €1.0m to €621,531
- Current portion of long-term debt -€248,129
down €248,129 (-74.2%), from €334,191 to €86,062
- Profit (loss) carried forward +€111,132
up €111,132 (+51.8%), from €214,569 to €325,700
- Debts after one year -€86,062
down €86,062 (-10.0%), from €864,421 to €778,359
- Gross operating margin +€52,357
up €52,357 (+5.2%), from €1.0m to €1.1m
- Staff costs +€44,927
up €44,927 (+6.4%), from €702,123 to €747,050
- Financial income +€15,924
up €15,924 (+38.8%), from €41,007 to €56,931
- Depreciation -€13,518
down €13,518 (-9.0%), from €150,556 to €137,038
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.
Cash bridge derived
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 | €2,947,211 | €2,331,214 | -€615,996 | -20.9% |
| Fixed assets | 21/28 | €1,026,620 | €889,582 | -€137,038 | -13.3% |
| Tangible fixed assets | 22/27 | €1,026,620 | €889,582 | -€137,038 | -13.3% |
| Plant, machinery and equipment | 23 | €3,924 | €2,701 | -€1,223 | -31.2% |
| Furniture and vehicles | 24 | €120,526 | €73,318 | -€47,208 | -39.2% |
| Leasing and similar rights | 25 | €902,169 | €813,562 | -€88,607 | -9.8% |
| Current assets | 29/58 | €1,920,591 | €1,441,633 | -€478,958 | -24.9% |
| Stocks and contracts in progress | 3 | €299,085 | €269,281 | -€29,805 | -10.0% |
| Stocks | 30/36 | €299,085 | €269,281 | -€29,805 | -10.0% |
| Amounts receivable within one year | 40/41 | €1,148,330 | €702,749 | -€445,581 | -38.8% |
| Trade receivables | 40 | €955,427 | €596,348 | -€359,080 | -37.6% |
| Other amounts receivable | 41 | €192,903 | €106,402 | -€86,501 | -44.8% |
| Cash at bank and in hand | 54/58 | €473,175 | €469,603 | -€3,572 | -0.8% |
| Total equity and liabilities | 10/49 | €2,947,211 | €2,331,214 | -€615,996 | -20.9% |
| Equity | 10/15 | €612,355 | €723,487 | +€111,132 | +18.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €335,787 | €335,787 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €329,587 | €329,587 | = | 0.0% |
| Profit (loss) carried forward | 14 | €214,569 | €325,700 | +€111,132 | +51.8% |
| Amounts payable | 17/49 | €2,334,855 | €1,607,727 | -€727,128 | -31.1% |
| Amounts payable after more than one year | 17 | €864,421 | €778,359 | -€86,062 | -10.0% |
| Financial debts | 170/4 | €864,421 | €778,359 | -€86,062 | -10.0% |
| Amounts payable within one year | 42/48 | €1,463,496 | €829,368 | -€634,128 | -43.3% |
| Current portion of amounts payable after more than one year | 42 | €334,191 | €86,062 | -€248,129 | -74.2% |
| Trade debts | 44 | €1,035,765 | €621,531 | -€414,234 | -40.0% |
| Suppliers | 440/4 | €1,035,765 | €621,531 | -€414,234 | -40.0% |
| Taxes, remuneration and social security | 45 | €93,541 | €121,776 | +€28,235 | +30.2% |
| Taxes | 450/3 | €14,684 | €18,741 | +€4,057 | +27.6% |
| Remuneration and social security | 454/9 | €78,857 | €103,035 | +€24,178 | +30.7% |
| Accrued charges and deferred income | 492/3 | €6,938 | €0 | -€6,938 | -100.0% |
| Remuneration, social security and pensions | 62 | €702,123 | €747,050 | +€44,927 | +6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €150,556 | €137,038 | -€13,518 | -9.0% |
| Other operating charges | 640/8 | €2,312 | €2,166 | -€146 | -6.3% |
| Gross operating margin | 9900 | €1,009,572 | €1,061,930 | +€52,357 | +5.2% |
| Operating profit (loss) | 9901 | €154,582 | €175,676 | +€21,094 | +13.6% |
| Financial income | 75/76B | €41,007 | €56,931 | +€15,924 | +38.8% |
| Recurring financial income | 75 | €41,007 | €56,931 | +€15,924 | +38.8% |
| Financial charges | 65/66B | €27,949 | €32,734 | +€4,785 | +17.1% |
| Recurring financial charges | 65 | €27,949 | €32,734 | +€4,785 | +17.1% |
| Profit (loss) for the period before taxes | 9903 | €167,640 | €199,873 | +€32,232 | +19.2% |
| Income taxes | 67/77 | €79,684 | €88,741 | +€9,057 | +11.4% |
| Profit (loss) for the period | 9904 | €87,957 | €111,132 | +€23,175 | +26.3% |
| Profit (loss) for the period to be appropriated | 9905 | €87,957 | €111,132 | +€23,175 | +26.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.