TRADEFILS: 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.
TRADEFILS
Largest movements
- Tangible fixed assets +€79,609
up €79,609, from €0 to €79,609
of which Leasing and similar rights: +€79,609
- Receivables within one year +€45,681
up €45,681 (+43.5%), from €105,098 to €150,778
of which Trade receivables: +€46,159
- Deferred charges and accrued income +€5,366
up €5,366 (+51.5%), from €10,427 to €15,792
- Debts after one year +€63,149
new in 2025: €63,149
- Trade debts +€36,140
up €36,140 (+78.7%), from €45,946 to €82,086
- Tax, wage and social debts +€13,966
up €13,966 (+16.0%), from €87,551 to €101,517
of which Remuneration and social security: +€16,027
- Current portion of long-term debt +€13,917
new in 2025: €13,917
- Gross operating margin +€157,909
up €157,909 (+36.5%), from €432,635 to €590,544
- Staff costs +€155,165
up €155,165 (+37.2%), from €417,425 to €572,590
- Other operating charges -€10,015
down €10,015 (-85.0%), from €11,778 to €1,764
- Depreciation +€6,954
up €6,954 (+384%), from €1,811 to €8,766
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 | €149,629 | €279,655 | +€130,026 | +86.9% |
| Fixed assets | 21/28 | €15,927 | €95,481 | +€79,554 | +500% |
| Intangible fixed assets | 21 | €55 | €0 | -€55 | -100% |
| Tangible fixed assets | 22/27 | €0 | €79,609 | +€79,609 | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Leasing and similar rights | 25 | - | €79,609 | +€79,609 | |
| Financial fixed assets | 28 | €15,872 | €15,872 | = | 0.0% |
| Current assets | 29/58 | €133,702 | €184,174 | +€50,472 | +37.7% |
| Amounts receivable within one year | 40/41 | €105,098 | €150,778 | +€45,681 | +43.5% |
| Trade receivables | 40 | €104,229 | €150,388 | +€46,159 | +44.3% |
| Other amounts receivable | 41 | €869 | €390 | -€479 | -55.1% |
| Cash at bank and in hand | 54/58 | €18,178 | €17,603 | -€574 | -3.2% |
| Deferred charges and accrued income | 490/1 | €10,427 | €15,792 | +€5,366 | +51.5% |
| Total equity and liabilities | 10/49 | €149,629 | €279,655 | +€130,026 | +86.9% |
| Equity | 10/15 | €16,099 | €18,779 | +€2,680 | +16.6% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,901 | -€11,221 | +€2,680 | +19.3% |
| Amounts payable | 17/49 | €133,530 | €260,876 | +€127,346 | +95.4% |
| Amounts payable after more than one year | 17 | - | €63,149 | +€63,149 | |
| Financial debts | 170/4 | - | €63,149 | +€63,149 | |
| Amounts payable within one year | 42/48 | €133,530 | €197,727 | +€64,197 | +48.1% |
| Current portion of amounts payable after more than one year | 42 | - | €13,917 | +€13,917 | |
| Trade debts | 44 | €45,946 | €82,086 | +€36,140 | +78.7% |
| Suppliers | 440/4 | €45,946 | €82,086 | +€36,140 | +78.7% |
| Taxes, remuneration and social security | 45 | €87,551 | €101,517 | +€13,966 | +16.0% |
| Taxes | 450/3 | €24,547 | €22,486 | -€2,061 | -8.4% |
| Remuneration and social security | 454/9 | €63,004 | €79,031 | +€16,027 | +25.4% |
| Other amounts payable | 47/48 | €33 | €208 | +€175 | +524% |
| Remuneration, social security and pensions | 62 | €417,425 | €572,590 | +€155,165 | +37.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,811 | €8,766 | +€6,954 | +384% |
| Other operating charges | 640/8 | €11,778 | €1,764 | -€10,015 | -85.0% |
| Non-recurring operating charges | 66A | - | €680 | +€680 | |
| Gross operating margin | 9900 | €432,635 | €590,544 | +€157,909 | +36.5% |
| Operating profit (loss) | 9901 | €1,621 | €6,745 | +€5,124 | +316% |
| Financial income | 75/76B | €157 | €0 | -€157 | -100% |
| Recurring financial income | 75 | €157 | €0 | -€157 | -100% |
| Financial charges | 65/66B | €1,596 | €3,890 | +€2,294 | +144% |
| Recurring financial charges | 65 | €1,596 | €3,890 | +€2,294 | +144% |
| Profit (loss) for the period before taxes | 9903 | €182 | €2,855 | +€2,673 | +1,469% |
| Income taxes | 67/77 | €163 | €175 | +€13 | +7.7% |
| Profit (loss) for the period | 9904 | €20 | €2,680 | +€2,661 | +13,638% |
| Profit (loss) for the period to be appropriated | 9905 | €20 | €2,680 | +€2,661 | +13,638% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.