TRADEVA: 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.
TRADEVA
Largest movements
- Cash +€373,378
up €373,378 (+443%), from €84,378 to €457,757
mainly Current investments (+€280,556) and Trade debts (+€266,080)
- Receivables within one year +€291,724
up €291,724 (+476%), from €61,232 to €352,956
of which Trade receivables: +€289,390
- Current investments -€280,556
down €280,556 (-90.2%), from €310,998 to €30,442
- Trade debts +€266,080
up €266,080 (+267%), from €99,740 to €365,820
- Other debts +€147,629
up €147,629 (+6,226%), from €2,371 to €150,000
- Profit (loss) carried forward -€59,481
down €59,481 (-18.0%), from €330,365 to €270,883
- Tax, wage and social debts +€26,858
up €26,858 (+242%), from €11,100 to €37,958
of which Taxes: +€30,183
- Gross operating margin +€121,204
up €121,204 (+165%), from €73,581 to €194,785
- Taxes +€30,002
up €30,002 (+538%), from €5,572 to €35,574
- Staff costs +€11,567
up €11,567 (+20.7%), from €55,854 to €67,422
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 | €478,075 | €857,161 | +€379,086 | +79.3% |
| Fixed assets | 21/28 | €20,128 | €14,953 | -€5,175 | -25.7% |
| Intangible fixed assets | 21 | €19,934 | €14,759 | -€5,175 | -26.0% |
| Financial fixed assets | 28 | €194 | €194 | = | 0.0% |
| Current assets | 29/58 | €457,947 | €842,208 | +€384,261 | +83.9% |
| Amounts receivable within one year | 40/41 | €61,232 | €352,956 | +€291,724 | +476% |
| Trade receivables | 40 | €53,287 | €342,676 | +€289,390 | +543% |
| Other amounts receivable | 41 | €7,946 | €10,280 | +€2,334 | +29.4% |
| Current investments | 50/53 | €310,998 | €30,442 | -€280,556 | -90.2% |
| Cash at bank and in hand | 54/58 | €84,378 | €457,757 | +€373,378 | +443% |
| Deferred charges and accrued income | 490/1 | €1,338 | €1,053 | -€285 | -21.3% |
| Total equity and liabilities | 10/49 | €478,075 | €857,161 | +€379,086 | +79.3% |
| Equity | 10/15 | €363,114 | €302,133 | -€60,980 | -16.8% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €330,365 | €270,883 | -€59,481 | -18.0% |
| Investment grants | 15 | €5,249 | €3,750 | -€1,499 | -28.6% |
| Provisions and deferred taxes | 16 | €1,750 | €1,250 | -€500 | -28.6% |
| Deferred taxes | 168 | €1,750 | €1,250 | -€500 | -28.6% |
| Amounts payable | 17/49 | €113,212 | €553,778 | +€440,566 | +389% |
| Amounts payable within one year | 42/48 | €113,212 | €553,778 | +€440,566 | +389% |
| Trade debts | 44 | €99,740 | €365,820 | +€266,080 | +267% |
| Suppliers | 440/4 | €99,740 | €365,820 | +€266,080 | +267% |
| Taxes, remuneration and social security | 45 | €11,100 | €37,958 | +€26,858 | +242% |
| Taxes | 450/3 | €281 | €30,464 | +€30,183 | +10,735% |
| Remuneration and social security | 454/9 | €10,819 | €7,494 | -€3,325 | -30.7% |
| Other amounts payable | 47/48 | €2,371 | €150,000 | +€147,629 | +6,226% |
| Non-recurring operating income | 76A | €7 | - | -€7 | |
| Remuneration, social security and pensions | 62 | €55,854 | €67,422 | +€11,567 | +20.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,175 | €5,175 | = | 0.0% |
| Other operating charges | 640/8 | €1,021 | €397 | -€624 | -61.1% |
| Gross operating margin | 9900 | €73,581 | €194,785 | +€121,204 | +165% |
| Operating profit (loss) | 9901 | €11,532 | €121,792 | +€110,260 | +956% |
| Financial income | 75/76B | €3,875 | €3,965 | +€90 | +2.3% |
| Recurring financial income | 75 | €3,875 | €3,965 | +€90 | +2.3% |
| Financial charges | 65/66B | -€1,300 | €164 | +€1,464 | |
| Recurring financial charges | 65 | -€1,300 | €164 | +€1,464 | |
| Profit (loss) for the period before taxes | 9903 | €16,707 | €125,593 | +€108,886 | +652% |
| Transfer from deferred taxes | 780 | €500 | €500 | = | 0.0% |
| Income taxes | 67/77 | €5,572 | €35,574 | +€30,002 | +538% |
| Profit (loss) for the period | 9904 | €11,635 | €90,519 | +€78,884 | +678% |
| Profit (loss) for the period to be appropriated | 9905 | €11,635 | €90,519 | +€78,884 | +678% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.