TRADENEX: 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.
TRADENEX
Largest movements
- Cash -€139,394
down €139,394 (-33.8%), from €411,828 to €272,433
mainly Accrued charges and deferred income (-€155,297) and Deferred charges and accrued income (-€72,028)
- Deferred charges and accrued income +€72,028
up €72,028 (+65.1%), from €110,579 to €182,606
- Financial fixed assets -€25,000
down €25,000 (-55.6%), from €45,000 to €20,000
- Accrued charges and deferred income -€155,297
down €155,297 (-32.8%), from €473,379 to €318,082
- Trade debts +€131,260
up €131,260 (+51.2%), from €256,529 to €387,789
of which Suppliers: +€125,256
- Debts after one year -€28,000
no longer reported in 2024 (was €28,000)
- Tax, wage and social debts -€23,078
down €23,078 (-79.8%), from €28,923 to €5,845
of which Taxes: -€23,625
- Other debts -€19,546
down €19,546 (-72.5%), from €26,970 to €7,424
- Gross operating margin -€74,676
down €74,676 (-76.5%), from €97,668 to €22,992
- Taxes -€16,970
down €16,970 (-84.9%), from €20,000 to €3,030
- Financial income +€9,380
up €9,380 (+689.5%), from €1,360 to €10,740
- Financial charges +€8,521
up €8,521 (+150.7%), from €5,653 to €14,174
- Write-downs +€4,564
new in 2024: €4,564
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 | €1,094,250 | €1,009,924 | -€84,326 | -7.7% |
| Fixed assets | 21/28 | €45,314 | €20,000 | -€25,314 | -55.9% |
| Intangible fixed assets | 21 | €178 | €0 | -€178 | -100.0% |
| Tangible fixed assets | 22/27 | €136 | - | -€136 | |
| Furniture and vehicles | 24 | €136 | - | -€136 | |
| Financial fixed assets | 28 | €45,000 | €20,000 | -€25,000 | -55.6% |
| Current assets | 29/58 | €1,048,937 | €989,924 | -€59,013 | -5.6% |
| Amounts receivable within one year | 40/41 | €526,530 | €534,884 | +€8,354 | +1.6% |
| Trade receivables | 40 | €521,998 | €527,742 | +€5,744 | +1.1% |
| Other amounts receivable | 41 | €4,532 | €7,142 | +€2,610 | +57.6% |
| Cash at bank and in hand | 54/58 | €411,828 | €272,433 | -€139,394 | -33.8% |
| Deferred charges and accrued income | 490/1 | €110,579 | €182,606 | +€72,028 | +65.1% |
| Total equity and liabilities | 10/49 | €1,094,250 | €1,009,924 | -€84,326 | -7.7% |
| Equity | 10/15 | €280,449 | €290,548 | +€10,099 | +3.6% |
| Contributions | 10/11 | €7,700 | €7,700 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | €270,889 | €280,988 | +€10,099 | +3.7% |
| Amounts payable | 17/49 | €813,801 | €719,376 | -€94,426 | -11.6% |
| Amounts payable after more than one year | 17 | €28,000 | - | -€28,000 | |
| Other amounts payable | 178/9 | €28,000 | - | -€28,000 | |
| Amounts payable within one year | 42/48 | €312,423 | €401,294 | +€88,871 | +28.4% |
| Financial debts | 43 | - | €235 | +€235 | |
| Credit institutions | 430/8 | - | €235 | +€235 | |
| Trade debts | 44 | €256,529 | €387,789 | +€131,260 | +51.2% |
| Suppliers | 440/4 | €256,529 | €381,785 | +€125,256 | +48.8% |
| Bills of exchange payable | 441 | - | €6,004 | +€6,004 | |
| Taxes, remuneration and social security | 45 | €28,923 | €5,845 | -€23,078 | -79.8% |
| Taxes | 450/3 | €27,410 | €3,785 | -€23,625 | -86.2% |
| Remuneration and social security | 454/9 | €1,513 | €2,060 | +€547 | +36.1% |
| Other amounts payable | 47/48 | €26,970 | €7,424 | -€19,546 | -72.5% |
| Accrued charges and deferred income | 492/3 | €473,379 | €318,082 | -€155,297 | -32.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,235 | €314 | -€2,921 | -90.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €4,564 | +€4,564 | |
| Other operating charges | 640/8 | €552 | €1,552 | +€1,000 | +181.0% |
| Gross operating margin | 9900 | €97,668 | €22,992 | -€74,676 | -76.5% |
| Operating profit (loss) | 9901 | €93,881 | €16,563 | -€77,318 | -82.4% |
| Financial income | 75/76B | €1,360 | €10,740 | +€9,380 | +689.5% |
| Recurring financial income | 75 | €1,360 | €10,740 | +€9,380 | +689.5% |
| Financial charges | 65/66B | €5,653 | €14,174 | +€8,521 | +150.7% |
| Recurring financial charges | 65 | €5,653 | €14,174 | +€8,521 | +150.7% |
| Profit (loss) for the period before taxes | 9903 | €89,588 | €13,129 | -€76,459 | -85.3% |
| Income taxes | 67/77 | €20,000 | €3,030 | -€16,970 | -84.9% |
| Profit (loss) for the period | 9904 | €69,588 | €10,099 | -€59,489 | -85.5% |
| Profit (loss) for the period to be appropriated | 9905 | €69,588 | €10,099 | -€59,489 | -85.5% |
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 8 October 2026 via checked.be.