TRADENCO: 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.
TRADENCO
Largest movements
- Current investments +€401,205
new in 2025: €401,205
- Tangible fixed assets -€244,832
down €244,832 (-100%), from €244,832 to €0
of which Land and buildings: -€244,832
- Receivables within one year +€58,174
up €58,174 (+3,008%), from €1,934 to €60,108
of which Other amounts receivable: +€58,757
- Cash +€35,822
up €35,822 (+550%), from €6,514 to €42,336
mainly Net result for the year (+€248,916) and Investment in fixed assets (net) (+€244,832)
- Reserves +€285,126
up €285,126 (+170%), from €167,950 to €453,076
of which Tax-exempt reserves: +€285,126
- Provisions +€95,042
new in 2025: €95,042
- Other debts -€85,941
down €85,941 (-100%), from €85,941 to €0
- Profit (loss) carried forward -€36,210
down €36,210 (-108%), from -€33,433 to -€69,643
- Short-term financial debts -€11,000
down €11,000 (-100%), from €11,000 to €0
- Gross operating margin +€349,045
up €349,045, from -€2,328 to €346,717
- Depreciation -€11,180
down €11,180 (-100%), from €11,180 to €0
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 | €254,325 | €503,649 | +€249,324 | +98.0% |
| Fixed assets | 21/28 | €244,832 | €0 | -€244,832 | -100% |
| Tangible fixed assets | 22/27 | €244,832 | €0 | -€244,832 | -100% |
| Land and buildings | 22 | €244,832 | €0 | -€244,832 | -100% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €9,493 | €503,649 | +€494,156 | +5,205% |
| Amounts receivable within one year | 40/41 | €1,934 | €60,108 | +€58,174 | +3,008% |
| Trade receivables | 40 | €1,934 | €1,352 | -€582 | -30.1% |
| Other amounts receivable | 41 | - | €58,757 | +€58,757 | |
| Current investments | 50/53 | - | €401,205 | +€401,205 | |
| Cash at bank and in hand | 54/58 | €6,514 | €42,336 | +€35,822 | +550% |
| Deferred charges and accrued income | 490/1 | €1,045 | €0 | -€1,045 | -100% |
| Total equity and liabilities | 10/49 | €254,325 | €503,649 | +€249,324 | +98.0% |
| Equity | 10/15 | €153,117 | €402,033 | +€248,916 | +163% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €167,950 | €453,076 | +€285,126 | +170% |
| Non-distributable reserves | 130/1 | €17,000 | €17,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €17,000 | €17,000 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €285,126 | +€285,126 | |
| Distributable reserves | 133 | €150,950 | €150,950 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€33,433 | -€69,643 | -€36,210 | -108% |
| Provisions and deferred taxes | 16 | - | €95,042 | +€95,042 | |
| Deferred taxes | 168 | - | €95,042 | +€95,042 | |
| Amounts payable | 17/49 | €101,208 | €6,574 | -€94,634 | -93.5% |
| Amounts payable within one year | 42/48 | €100,774 | €6,574 | -€94,199 | -93.5% |
| Financial debts | 43 | €11,000 | €0 | -€11,000 | -100% |
| Credit institutions | 430/8 | €11,000 | €0 | -€11,000 | -100% |
| Trade debts | 44 | €1,484 | €4,609 | +€3,125 | +211% |
| Suppliers | 440/4 | €1,484 | €4,609 | +€3,125 | +211% |
| Taxes, remuneration and social security | 45 | €2,348 | €1,965 | -€384 | -16.3% |
| Taxes | 450/3 | €2,348 | €1,965 | -€384 | -16.3% |
| Other amounts payable | 47/48 | €85,941 | €0 | -€85,941 | -100% |
| Accrued charges and deferred income | 492/3 | €435 | €0 | -€435 | -100% |
| Non-recurring operating income | 76A | €250 | €380,168 | +€379,918 | +151,967% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,180 | €0 | -€11,180 | -100% |
| Other operating charges | 640/8 | €3,488 | €2,859 | -€629 | -18.0% |
| Gross operating margin | 9900 | -€2,328 | €346,717 | +€349,045 | |
| Operating profit (loss) | 9901 | -€16,995 | €343,858 | +€360,854 | |
| Financial income | 75/76B | €2 | €2,799 | +€2,797 | +147,206% |
| Recurring financial income | 75 | €2 | €2,799 | +€2,797 | +147,206% |
| Financial charges | 65/66B | €1,857 | €2,110 | +€254 | +13.7% |
| Recurring financial charges | 65 | €1,857 | €2,110 | +€254 | +13.7% |
| Profit (loss) for the period before taxes | 9903 | -€18,850 | €344,547 | +€363,397 | |
| Transfer to deferred taxes | 680 | - | €95,042 | +€95,042 | |
| Income taxes | 67/77 | €576 | €589 | +€13 | +2.3% |
| Profit (loss) for the period | 9904 | -€19,426 | €248,916 | +€268,342 | |
| Transfer to tax-exempt reserves | 689 | - | €285,126 | +€285,126 | |
| Profit (loss) for the period to be appropriated | 9905 | -€19,426 | -€36,210 | -€16,784 | -86.4% |
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.