Tradecom: 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.
Tradecom
Largest movements
- Receivables within one year +€116,219
up €116,219 (+23.5%), from €493,738 to €609,957
of which Other amounts receivable: +€140,267
- Receivables after one year -€75,000
no longer reported in 2024 (was €75,000)
- Intangible fixed assets -€14,000
down €14,000 (-30.2%), from €46,374 to €32,374
- Cash -€10,000
down €10,000 (-97.3%), from €10,279 to €279
mainly Receivables within one year (-€116,219) and Advances received (-€72,271)
- Advances received -€72,271
down €72,271 (-28.8%), from €250,974 to €178,704
- Tax, wage and social debts +€47,367
up €47,367 (+34.4%), from €137,871 to €185,238
of which Taxes: +€58,163
- Trade debts +€35,555
up €35,555 (+27.6%), from €128,759 to €164,314
- Other debts +€18,000
new in 2024: €18,000
- Short-term financial debts -€17,609
down €17,609 (-74.8%), from €23,552 to €5,943
- Gross operating margin +€91,072
up €91,072 (+46.0%), from €197,887 to €288,959
- Staff costs +€22,328
up €22,328 (+11.6%), from €192,043 to €214,371
- Financial charges +€15,743
up €15,743 (+157.1%), from €10,020 to €25,764
- Other operating charges +€9,204
up €9,204 (+1358.5%), from €677 to €9,881
- Taxes +€8,807
up €8,807 (+1694.6%), from €520 to €9,327
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.
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.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €640,178 | €659,863 | +€19,685 | +3.1% |
| Fixed assets | 21/28 | €49,251 | €36,619 | -€12,632 | -25.6% |
| Intangible fixed assets | 21 | €46,374 | €32,374 | -€14,000 | -30.2% |
| Tangible fixed assets | 22/27 | €2,877 | €4,245 | +€1,368 | +47.6% |
| Plant, machinery and equipment | 23 | €813 | €307 | -€506 | -62.3% |
| Furniture and vehicles | 24 | €2,064 | €3,938 | +€1,874 | +90.8% |
| Current assets | 29/58 | €590,928 | €623,244 | +€32,316 | +5.5% |
| Amounts receivable after more than one year | 29 | €75,000 | - | -€75,000 | |
| Other amounts receivable | 291 | €75,000 | - | -€75,000 | |
| Amounts receivable within one year | 40/41 | €493,738 | €609,957 | +€116,219 | +23.5% |
| Trade receivables | 40 | €274,277 | €250,230 | -€24,048 | -8.8% |
| Other amounts receivable | 41 | €219,460 | €359,727 | +€140,267 | +63.9% |
| Cash at bank and in hand | 54/58 | €10,279 | €279 | -€10,000 | -97.3% |
| Deferred charges and accrued income | 490/1 | €11,912 | €13,009 | +€1,097 | +9.2% |
| Total equity and liabilities | 10/49 | €640,178 | €659,863 | +€19,685 | +3.1% |
| Equity | 10/15 | €97,028 | €101,489 | +€4,461 | +4.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €35,028 | €39,489 | +€4,461 | +12.7% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €28,828 | €33,289 | +€4,461 | +15.5% |
| Amounts payable | 17/49 | €543,150 | €558,374 | +€15,224 | +2.8% |
| Amounts payable within one year | 42/48 | €541,156 | €552,199 | +€11,042 | +2.0% |
| Financial debts | 43 | €23,552 | €5,943 | -€17,609 | -74.8% |
| Credit institutions | 430/8 | €23,552 | €5,943 | -€17,609 | -74.8% |
| Trade debts | 44 | €128,759 | €164,314 | +€35,555 | +27.6% |
| Suppliers | 440/4 | €128,759 | €164,314 | +€35,555 | +27.6% |
| Advances received on contracts in progress | 46 | €250,974 | €178,704 | -€72,271 | -28.8% |
| Taxes, remuneration and social security | 45 | €137,871 | €185,238 | +€47,367 | +34.4% |
| Taxes | 450/3 | €101,746 | €159,909 | +€58,163 | +57.2% |
| Remuneration and social security | 454/9 | €36,125 | €25,330 | -€10,795 | -29.9% |
| Other amounts payable | 47/48 | - | €18,000 | +€18,000 | |
| Accrued charges and deferred income | 492/3 | €1,994 | €6,175 | +€4,182 | +209.7% |
| Remuneration, social security and pensions | 62 | €192,043 | €214,371 | +€22,328 | +11.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,820 | €16,969 | +€1,149 | +7.3% |
| Other operating charges | 640/8 | €677 | €9,881 | +€9,204 | +1358.5% |
| Gross operating margin | 9900 | €197,887 | €288,959 | +€91,072 | +46.0% |
| Operating profit (loss) | 9901 | -€10,653 | €47,738 | +€58,392 | |
| Financial income | 75/76B | €5,822 | €9,813 | +€3,992 | +68.6% |
| Recurring financial income | 75 | €5,822 | €9,813 | +€3,992 | +68.6% |
| Financial charges | 65/66B | €10,020 | €25,764 | +€15,743 | +157.1% |
| Recurring financial charges | 65 | €10,020 | €25,764 | +€15,743 | +157.1% |
| Profit (loss) for the period before taxes | 9903 | -€14,852 | €31,788 | +€46,640 | |
| Income taxes | 67/77 | €520 | €9,327 | +€8,807 | +1694.6% |
| Profit (loss) for the period | 9904 | -€15,372 | €22,461 | +€37,833 | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,372 | €22,461 | +€37,833 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.