TRADES: 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.
TRADES
Largest movements
- Receivables within one year -€224,447
down €224,447 (-71.4%), from €314,289 to €89,842
of which Other amounts receivable: -€205,955
- Tangible fixed assets -€13,119
down €13,119 (-44.8%), from €29,271 to €16,152
- Other debts -€197,044
down €197,044 (-76.2%), from €258,696 to €61,653
- Profit (loss) carried forward -€14,972
down €14,972 (-17.1%), from -€87,485 to -€102,457
- Tax, wage and social debts -€14,661
down €14,661 (-20.1%), from €72,803 to €58,141
of which Remuneration and social security: -€9,045
- Trade debts -€7,777
down €7,777 (-16.9%), from €46,137 to €38,359
- Staff costs +€31,843
up €31,843 (+36.3%), from €87,608 to €119,452
- Gross operating margin +€14,857
up €14,857 (+11.3%), from €131,382 to €146,239
- Other operating charges +€10,961
up €10,961 (+67.6%), from €16,205 to €27,167
- Financial charges -€1,607
down €1,607 (-52.2%), from €3,080 to €1,473
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 | €350,350 | €113,615 | -€236,734 | -67.6% |
| Fixed assets | 21/28 | €29,271 | €16,152 | -€13,119 | -44.8% |
| Tangible fixed assets | 22/27 | €29,271 | €16,152 | -€13,119 | -44.8% |
| Furniture and vehicles | 24 | €29,271 | €16,152 | -€13,119 | -44.8% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €321,078 | €97,463 | -€223,615 | -69.6% |
| Amounts receivable within one year | 40/41 | €314,289 | €89,842 | -€224,447 | -71.4% |
| Trade receivables | 40 | €51,436 | €32,944 | -€18,492 | -36.0% |
| Other amounts receivable | 41 | €262,854 | €56,899 | -€205,955 | -78.4% |
| Cash at bank and in hand | 54/58 | - | €399 | +€399 | |
| Deferred charges and accrued income | 490/1 | €6,789 | €7,222 | +€433 | +6.4% |
| Total equity and liabilities | 10/49 | €350,350 | €113,615 | -€236,734 | -67.6% |
| Equity | 10/15 | -€31,709 | -€46,681 | -€14,972 | -47.2% |
| Contributions | 10/11 | €55,776 | €55,776 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€87,485 | -€102,457 | -€14,972 | -17.1% |
| Amounts payable | 17/49 | €382,059 | €160,296 | -€221,762 | -58.0% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €380,609 | €158,153 | -€222,456 | -58.4% |
| Current portion of amounts payable after more than one year | 42 | €2,698 | €0 | -€2,698 | -100% |
| Financial debts | 43 | €275 | €0 | -€275 | -100% |
| Credit institutions | 430/8 | €275 | €0 | -€275 | -100% |
| Trade debts | 44 | €46,137 | €38,359 | -€7,777 | -16.9% |
| Suppliers | 440/4 | €46,137 | €38,359 | -€7,777 | -16.9% |
| Taxes, remuneration and social security | 45 | €72,803 | €58,141 | -€14,661 | -20.1% |
| Taxes | 450/3 | €57,796 | €52,180 | -€5,616 | -9.7% |
| Remuneration and social security | 454/9 | €15,006 | €5,961 | -€9,045 | -60.3% |
| Other amounts payable | 47/48 | €258,696 | €61,653 | -€197,044 | -76.2% |
| Accrued charges and deferred income | 492/3 | €1,450 | €2,143 | +€693 | +47.8% |
| Non-recurring operating income | 76A | €30,141 | €0 | -€30,141 | -100% |
| Remuneration, social security and pensions | 62 | €87,608 | €119,452 | +€31,843 | +36.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,526 | €13,119 | -€407 | -3.0% |
| Other operating charges | 640/8 | €16,205 | €27,167 | +€10,961 | +67.6% |
| Gross operating margin | 9900 | €131,382 | €146,239 | +€14,857 | +11.3% |
| Operating profit (loss) | 9901 | €14,042 | -€13,499 | -€27,541 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €3,080 | €1,473 | -€1,607 | -52.2% |
| Recurring financial charges | 65 | €3,080 | €1,473 | -€1,607 | -52.2% |
| Profit (loss) for the period before taxes | 9903 | €10,962 | -€14,972 | -€25,934 | |
| Profit (loss) for the period | 9904 | €10,962 | -€14,972 | -€25,934 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,962 | -€14,972 | -€25,934 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.