TRADEPARTNERS: what changed
TRADEPARTNERS
Largest movements
- Cash -€50,394
down €50,394 (-91.5%), from €55,065 to €4,671
mainly Receivables within one year (-€42,547) and Investment in fixed assets (net) (-€9,602)
- Receivables within one year +€42,547
up €42,547 (+135%), from €31,410 to €73,957
of which Trade receivables: +€43,489
- Tangible fixed assets +€7,226
up €7,226 (+11.2%), from €64,452 to €71,678
of which Land and buildings: +€7,387
- Debts after one year -€4,987
down €4,987 (-12.0%), from €41,577 to €36,590
- Tax, wage and social debts +€4,956
up €4,956 (+48.1%), from €10,302 to €15,258
of which Taxes: +€4,956
- Trade debts -€2,384
down €2,384 (-90.2%), from €2,643 to €260
- Gross operating margin -€25,222
down €25,222 (-69.2%), from €36,430 to €11,208
- Depreciation -€6,623
down €6,623 (-73.6%), from €8,999 to €2,376
- Taxes -€4,031
down €4,031 (-81.2%), from €4,963 to €932
- Other operating charges +€1,024
up €1,024 (+37.7%), from €2,719 to €3,743
Change in the result, 2024 to 2025
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 2024 and 2025 balance sheets and the 2025 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 | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €214,379 | €213,893 | -€486 | -0.2% |
| Fixed assets | 21/28 | €127,240 | €134,466 | +€7,226 | +5.7% |
| Tangible fixed assets | 22/27 | €64,452 | €71,678 | +€7,226 | +11.2% |
| Land and buildings | 22 | €63,962 | €71,349 | +€7,387 | +11.5% |
| Plant, machinery and equipment | 23 | €489 | €329 | -€161 | -32.9% |
| Financial fixed assets | 28 | €62,789 | €62,789 | = | 0.0% |
| Current assets | 29/58 | €87,139 | €79,427 | -€7,712 | -8.8% |
| Amounts receivable within one year | 40/41 | €31,410 | €73,957 | +€42,547 | +135% |
| Trade receivables | 40 | €30,468 | €73,957 | +€43,489 | +143% |
| Other amounts receivable | 41 | €942 | €0 | -€942 | -100% |
| Cash at bank and in hand | 54/58 | €55,065 | €4,671 | -€50,394 | -91.5% |
| Deferred charges and accrued income | 490/1 | €664 | €799 | +€136 | +20.5% |
| Total equity and liabilities | 10/49 | €214,379 | €213,893 | -€486 | -0.2% |
| Equity | 10/15 | €146,446 | €148,182 | +€1,736 | +1.2% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €84,946 | €86,682 | +€1,736 | +2.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €78,796 | €80,532 | +€1,736 | +2.2% |
| Amounts payable | 17/49 | €67,933 | €65,711 | -€2,222 | -3.3% |
| Amounts payable after more than one year | 17 | €41,577 | €36,590 | -€4,987 | -12.0% |
| Financial debts | 170/4 | €41,577 | €36,590 | -€4,987 | -12.0% |
| Amounts payable within one year | 42/48 | €25,406 | €28,171 | +€2,765 | +10.9% |
| Current portion of amounts payable after more than one year | 42 | €12,442 | €12,634 | +€192 | +1.5% |
| Trade debts | 44 | €2,643 | €260 | -€2,384 | -90.2% |
| Suppliers | 440/4 | €2,643 | €260 | -€2,384 | -90.2% |
| Taxes, remuneration and social security | 45 | €10,302 | €15,258 | +€4,956 | +48.1% |
| Taxes | 450/3 | €10,302 | €15,258 | +€4,956 | +48.1% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €19 | €19 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €950 | €950 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,999 | €2,376 | -€6,623 | -73.6% |
| Other operating charges | 640/8 | €2,719 | €3,743 | +€1,024 | +37.7% |
| Gross operating margin | 9900 | €36,430 | €11,208 | -€25,222 | -69.2% |
| Operating profit (loss) | 9901 | €24,712 | €5,089 | -€19,624 | -79.4% |
| Financial income | 75/76B | €9 | €12 | +€4 | +40.1% |
| Recurring financial income | 75 | €9 | €12 | +€4 | +40.1% |
| Financial charges | 65/66B | €2,752 | €2,433 | -€319 | -11.6% |
| Recurring financial charges | 65 | €2,752 | €2,433 | -€319 | -11.6% |
| Profit (loss) for the period before taxes | 9903 | €21,969 | €2,668 | -€19,301 | -87.9% |
| Income taxes | 67/77 | €4,963 | €932 | -€4,031 | -81.2% |
| Profit (loss) for the period | 9904 | €17,006 | €1,736 | -€15,270 | -89.8% |
| Profit (loss) for the period to be appropriated | 9905 | €17,006 | €1,736 | -€15,270 | -89.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.