TRADEPA: 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.
TRADEPA
Largest movements
- Cash +€20,286
up €20,286 (+37.9%), from €53,463 to €73,750
mainly Accrued charges and deferred income (+€44,143) and Net result for the year (+€8,975)
- Receivables within one year +€18,576
up €18,576 (+23.9%), from €77,794 to €96,370
of which Trade receivables: +€17,373
- Deferred charges and accrued income +€11,391
up €11,391 (+1318.7%), from €864 to €12,254
- Tangible fixed assets -€3,018
down €3,018 (-5.2%), from €58,359 to €55,341
of which Land and buildings: -€3,416
- Accrued charges and deferred income +€44,143
up €44,143 (+409.9%), from €10,768 to €54,911
- Profit (loss) carried forward +€8,975
up €8,975 (+27.1%), from €33,125 to €42,100
- Tax, wage and social debts -€8,205
down €8,205 (-11.6%), from €70,598 to €62,393
of which Remuneration and social security: -€30,488
- Turnover +€48,175
up €48,175 (+29.9%), from €161,352 to €209,526
- Gross operating margin +€42,545
up €42,545 (+35.6%), from €119,571 to €162,116
- Write-downs +€21,439
new in 2024: €21,439
- Taxes +€20,921
new in 2024: €20,921
- Financial charges +€20,201
up €20,201 (+431.1%), from €4,686 to €24,887
of which Financial charges: +€19,541
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 | €191,143 | €238,378 | +€47,235 | +24.7% |
| Fixed assets | 21/28 | €59,022 | €56,005 | -€3,018 | -5.1% |
| Tangible fixed assets | 22/27 | €58,359 | €55,341 | -€3,018 | -5.2% |
| Land and buildings | 22 | €56,007 | €52,590 | -€3,416 | -6.1% |
| Furniture and vehicles | 24 | €2,352 | €2,751 | +€399 | +17.0% |
| Financial fixed assets | 28 | €663 | €663 | = | 0.0% |
| Current assets | 29/58 | €132,121 | €182,374 | +€50,253 | +38.0% |
| Amounts receivable within one year | 40/41 | €77,794 | €96,370 | +€18,576 | +23.9% |
| Trade receivables | 40 | €77,794 | €95,167 | +€17,373 | +22.3% |
| Other amounts receivable | 41 | - | €1,203 | +€1,203 | |
| Cash at bank and in hand | 54/58 | €53,463 | €73,750 | +€20,286 | +37.9% |
| Deferred charges and accrued income | 490/1 | €864 | €12,254 | +€11,391 | +1318.7% |
| Total equity and liabilities | 10/49 | €191,143 | €238,378 | +€47,235 | +24.7% |
| Equity | 10/15 | €101,325 | €110,300 | +€8,975 | +8.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,125 | €42,100 | +€8,975 | +27.1% |
| Amounts payable | 17/49 | €89,818 | €128,078 | +€38,260 | +42.6% |
| Amounts payable within one year | 42/48 | €79,049 | €73,167 | -€5,883 | -7.4% |
| Trade debts | 44 | €7,685 | €8,828 | +€1,143 | +14.9% |
| Suppliers | 440/4 | €7,685 | €8,828 | +€1,143 | +14.9% |
| Taxes, remuneration and social security | 45 | €70,598 | €62,393 | -€8,205 | -11.6% |
| Taxes | 450/3 | €14,134 | €36,417 | +€22,283 | +157.7% |
| Remuneration and social security | 454/9 | €56,464 | €25,976 | -€30,488 | -54.0% |
| Other amounts payable | 47/48 | €766 | €1,945 | +€1,179 | +153.9% |
| Accrued charges and deferred income | 492/3 | €10,768 | €54,911 | +€44,143 | +409.9% |
| Turnover | 70 | €161,352 | €209,526 | +€48,175 | +29.9% |
| Non-recurring operating income | 76A | €2,123 | €312 | -€1,811 | -85.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €43,940 | €50,544 | +€6,604 | +15.0% |
| Remuneration, social security and pensions | 62 | €84,473 | €84,560 | +€87 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,098 | €3,513 | -€1,585 | -31.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €21,439 | +€21,439 | |
| Other operating charges | 640/8 | €4,278 | €5,298 | +€1,020 | +23.9% |
| Non-recurring operating charges | 66A | €11,468 | - | -€11,468 | |
| Gross operating margin | 9900 | €119,571 | €162,116 | +€42,545 | +35.6% |
| Operating profit (loss) | 9901 | €14,254 | €47,306 | +€33,052 | +231.9% |
| Financial income | 75/76B | €2 | €7,477 | +€7,475 | +373737.5% |
| Recurring financial income | 75 | €2 | €7,477 | +€7,475 | +373737.5% |
| Financial charges | 65/66B | €4,686 | €24,887 | +€20,201 | +431.1% |
| Recurring financial charges | 65 | €4,686 | €24,226 | +€19,541 | +417.0% |
| Non-recurring financial charges | 66B | - | €660 | +€660 | |
| Profit (loss) for the period before taxes | 9903 | €9,570 | €29,896 | +€20,326 | +212.4% |
| Income taxes | 67/77 | - | €20,921 | +€20,921 | |
| Profit (loss) for the period | 9904 | €9,570 | €8,975 | -€595 | -6.2% |
| Profit (loss) for the period to be appropriated | 9905 | €9,570 | €8,975 | -€595 | -6.2% |
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 3 October 2026 via checked.be.