TRADEM INTERNATIONAL: what changed
TRADEM INTERNATIONAL
Largest movements
- Receivables within one year -€26,649
down €26,649 (-20.7%), from €128,667 to €102,018
- Cash -€1,652
down €1,652 (-99.9%), from €1,654 to €2
mainly Debts within one year (-€30,674)
- Debts within one year -€30,674
down €30,674 (-68.5%), from €44,793 to €14,119
- Reserves +€1,940
up €1,940 (+2.6%), from €73,994 to €75,934
- Turnover -€55,860
no longer reported in 2020 (was €55,860)
- Gross operating margin -€28,697
down €28,697, from €24,916 to -€3,781
- Taxes -€8,362
down €8,362 (-97.2%), from €8,605 to €242
Change in the result, 2019 to 2020
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 2019 and 2020 balance sheets and the 2020 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 | 2019 | 2020 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €131,188 | €102,454 | -€28,734 | -21.9% |
| Fixed assets | 21/28 | €866 | €433 | -€433 | -50.0% |
| Tangible fixed assets | 22/27 | €866 | €433 | -€433 | -50.0% |
| Current assets | 29/58 | €130,322 | €102,021 | -€28,301 | -21.7% |
| Amounts receivable within one year | 40/41 | €128,667 | €102,018 | -€26,649 | -20.7% |
| Cash at bank and in hand | 54/58 | €1,654 | €2 | -€1,652 | -99.9% |
| Total equity and liabilities | 10/49 | €131,188 | €102,454 | -€28,734 | -21.9% |
| Equity | 10/15 | €86,394 | €88,334 | +€1,940 | +2.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €73,994 | €75,934 | +€1,940 | +2.6% |
| Amounts payable | 17/49 | €44,793 | €14,119 | -€30,674 | -68.5% |
| Amounts payable within one year | 42/48 | €44,793 | €14,119 | -€30,674 | -68.5% |
| Trade debts | 44 | €38,340 | €540 | -€37,800 | -98.6% |
| Turnover | 70 | €55,860 | - | -€55,860 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €433 | €433 | = | 0.0% |
| Gross operating margin | 9900 | €24,916 | -€3,781 | -€28,697 | |
| Operating profit (loss) | 9901 | €24,130 | -€4,591 | -€28,722 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Recurring financial charges | 65 | €778 | €1,006 | +€228 | +29.4% |
| Profit (loss) for the period before taxes | 9903 | €23,353 | €2,182 | -€21,170 | -90.7% |
| Income taxes | 67/77 | €8,605 | €242 | -€8,362 | -97.2% |
| Profit (loss) for the period | 9904 | €14,748 | €1,940 | -€12,808 | -86.8% |
| Profit (loss) for the period to be appropriated | 9905 | €14,748 | €1,940 | -€12,808 | -86.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2019 and 31 March 2020. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.