TRADEMIL: 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.
TRADEMIL
Largest movements
- Cash -€36,692
down €36,692 (-91.5%), from €40,115 to €3,423
mainly Contributions, distributions and other (-€54,000) and Other debts (-€50,000)
- Receivables within one year -€9,443
down €9,443 (-43.1%), from €21,901 to €12,458
of which Trade receivables: -€7,757
- Tangible fixed assets +€2,733
up €2,733 (+280%), from €977 to €3,710
- Other debts -€50,000
down €50,000 (-100%), from €50,000 to €0
- Tax, wage and social debts +€5,707
up €5,707 (+106%), from €5,407 to €11,114
- Gross operating margin +€6,535
up €6,535 (+9.6%), from €67,836 to €74,371
- Taxes +€5,023
up €5,023 (+37.8%), from €13,280 to €18,303
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 | €63,416 | €19,823 | -€43,592 | -68.7% |
| Fixed assets | 21/28 | €977 | €3,710 | +€2,733 | +280% |
| Tangible fixed assets | 22/27 | €977 | €3,710 | +€2,733 | +280% |
| Furniture and vehicles | 24 | €977 | €3,710 | +€2,733 | +280% |
| Current assets | 29/58 | €62,439 | €16,114 | -€46,325 | -74.2% |
| Amounts receivable within one year | 40/41 | €21,901 | €12,458 | -€9,443 | -43.1% |
| Trade receivables | 40 | €20,171 | €12,414 | -€7,757 | -38.5% |
| Other amounts receivable | 41 | €1,731 | €44 | -€1,687 | -97.5% |
| Cash at bank and in hand | 54/58 | €40,115 | €3,423 | -€36,692 | -91.5% |
| Deferred charges and accrued income | 490/1 | €423 | €233 | -€190 | -44.9% |
| Total equity and liabilities | 10/49 | €63,416 | €19,823 | -€43,592 | -68.7% |
| Equity | 10/15 | €7,951 | €8,457 | +€507 | +6.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €2,951 | €3,457 | +€507 | +17.2% |
| Distributable reserves | 133 | €2,951 | €3,457 | +€507 | +17.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €55,465 | €11,366 | -€44,099 | -79.5% |
| Amounts payable within one year | 42/48 | €55,465 | €11,366 | -€44,099 | -79.5% |
| Trade debts | 44 | €58 | €252 | +€194 | +334% |
| Suppliers | 440/4 | €58 | €252 | +€194 | +334% |
| Taxes, remuneration and social security | 45 | €5,407 | €11,114 | +€5,707 | +106% |
| Taxes | 450/3 | €5,407 | €11,114 | +€5,707 | +106% |
| Other amounts payable | 47/48 | €50,000 | €0 | -€50,000 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €474 | €963 | +€489 | +103% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Non-recurring operating charges | 66A | €564 | €0 | -€564 | -100% |
| Gross operating margin | 9900 | €67,836 | €74,371 | +€6,535 | +9.6% |
| Operating profit (loss) | 9901 | €66,293 | €72,888 | +€6,596 | +9.9% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €62 | €79 | +€17 | +26.9% |
| Recurring financial charges | 65 | €62 | €79 | +€17 | +26.9% |
| Profit (loss) for the period before taxes | 9903 | €66,230 | €72,809 | +€6,579 | +9.9% |
| Income taxes | 67/77 | €13,280 | €18,303 | +€5,023 | +37.8% |
| Profit (loss) for the period | 9904 | €52,951 | €54,507 | +€1,556 | +2.9% |
| Profit (loss) for the period to be appropriated | 9905 | €52,951 | €54,507 | +€1,556 | +2.9% |
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 17 October 2026 via checked.be.