TRADETRACKER BELGIUM: 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.
TRADETRACKER BELGIUM
Largest movements
- Cash -€235,252
down €235,252 (-45.7%), from €514,677 to €279,425
mainly Other debts (-€100,000) and Receivables within one year (-€66,935)
- Receivables within one year +€66,935
up €66,935 (+12.4%), from €538,027 to €604,962
of which Other amounts receivable: +€46,321
- Other debts -€100,000
down €100,000 (-100%), from €100,000 to €0
- Trade debts -€52,403
down €52,403 (-23.7%), from €220,937 to €168,533
- Tax, wage and social debts -€14,486
down €14,486 (-27.7%), from €52,337 to €37,851
of which Taxes: -€16,199
- Gross operating margin -€252,293
down €252,293 (-41.5%), from €607,406 to €355,113
- Taxes -€66,220
down €66,220 (-89.3%), from €74,147 to €7,927
- Financial income -€20,038
down €20,038 (-100.0%), from €20,042 to €3
- Financial charges +€13,424
up €13,424, from -€9,913 to €3,511
- Other operating charges -€11,005
down €11,005 (-89.7%), from €12,267 to €1,262
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 | €1,079,517 | €920,151 | -€159,366 | -14.8% |
| Fixed assets | 21/28 | €20,166 | €21,955 | +€1,789 | +8.9% |
| Tangible fixed assets | 22/27 | €2,241 | €4,030 | +€1,789 | +79.8% |
| Plant, machinery and equipment | 23 | €2,241 | €4,030 | +€1,789 | +79.8% |
| Financial fixed assets | 28 | €17,925 | €17,925 | = | 0.0% |
| Current assets | 29/58 | €1,059,351 | €898,196 | -€161,155 | -15.2% |
| Amounts receivable within one year | 40/41 | €538,027 | €604,962 | +€66,935 | +12.4% |
| Trade receivables | 40 | €504,815 | €525,430 | +€20,614 | +4.1% |
| Other amounts receivable | 41 | €33,212 | €79,532 | +€46,321 | +139% |
| Cash at bank and in hand | 54/58 | €514,677 | €279,425 | -€235,252 | -45.7% |
| Deferred charges and accrued income | 490/1 | €6,648 | €13,810 | +€7,161 | +108% |
| Total equity and liabilities | 10/49 | €1,079,517 | €920,151 | -€159,366 | -14.8% |
| Equity | 10/15 | €706,244 | €712,874 | +€6,630 | +0.9% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €676,244 | €682,874 | +€6,630 | +1.0% |
| Distributable reserves | 133 | €676,244 | €682,874 | +€6,630 | +1.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €373,274 | €207,277 | -€165,996 | -44.5% |
| Amounts payable within one year | 42/48 | €373,274 | €206,384 | -€166,889 | -44.7% |
| Trade debts | 44 | €220,937 | €168,533 | -€52,403 | -23.7% |
| Suppliers | 440/4 | €220,937 | €168,533 | -€52,403 | -23.7% |
| Taxes, remuneration and social security | 45 | €52,337 | €37,851 | -€14,486 | -27.7% |
| Taxes | 450/3 | €16,199 | €0 | -€16,199 | -100% |
| Remuneration and social security | 454/9 | €36,137 | €37,851 | +€1,713 | +4.7% |
| Other amounts payable | 47/48 | €100,000 | €0 | -€100,000 | -100% |
| Accrued charges and deferred income | 492/3 | - | €893 | +€893 | |
| Remuneration, social security and pensions | 62 | €340,955 | €332,687 | -€8,268 | -2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,019 | €3,099 | +€1,081 | +53.5% |
| Other operating charges | 640/8 | €12,267 | €1,262 | -€11,005 | -89.7% |
| Gross operating margin | 9900 | €607,406 | €355,113 | -€252,293 | -41.5% |
| Operating profit (loss) | 9901 | €252,165 | €18,064 | -€234,100 | -92.8% |
| Financial income | 75/76B | €20,042 | €3 | -€20,038 | -100.0% |
| Recurring financial income | 75 | €20,042 | €3 | -€20,038 | -100.0% |
| Financial charges | 65/66B | -€9,913 | €3,511 | +€13,424 | |
| Recurring financial charges | 65 | -€9,913 | €3,511 | +€13,424 | |
| Profit (loss) for the period before taxes | 9903 | €282,119 | €14,556 | -€267,563 | -94.8% |
| Income taxes | 67/77 | €74,147 | €7,927 | -€66,220 | -89.3% |
| Profit (loss) for the period | 9904 | €207,972 | €6,630 | -€201,343 | -96.8% |
| Profit (loss) for the period to be appropriated | 9905 | €207,972 | €6,630 | -€201,343 | -96.8% |
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 25 October 2026 via checked.be.