TRADEVER: 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.
TRADEVER
Largest movements
- Receivables within one year +€240,660
up €240,660 (+120%), from €201,302 to €441,962
of which Trade receivables: +€207,007
- Deferred charges and accrued income -€107,402
down €107,402 (-22.6%), from €475,557 to €368,155
- Tangible fixed assets -€50,324
down €50,324 (-6.9%), from €728,517 to €678,193
of which Land and buildings: -€26,597
- Stocks and contracts +€27,432
up €27,432 (+30.0%), from €91,574 to €119,006
- Trade debts +€210,405
up €210,405 (+78.0%), from €269,778 to €480,184
- Debts after one year -€65,171
down €65,171 (-17.1%), from €381,380 to €316,208
of which Financial debts: -€65,171
- Short-term financial debts -€45,717
down €45,717 (-7.7%), from €595,697 to €549,980
- Gross operating margin +€95,046
up €95,046 (+11.8%), from €805,802 to €900,848
- Staff costs +€41,674
up €41,674 (+6.0%), from €700,088 to €741,762
- Other operating charges +€15,192
up €15,192 (+117%), from €12,961 to €28,152
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 | €1,530,128 | €1,625,837 | +€95,709 | +6.3% |
| Fixed assets | 21/28 | €730,423 | €680,100 | -€50,324 | -6.9% |
| Tangible fixed assets | 22/27 | €728,517 | €678,193 | -€50,324 | -6.9% |
| Land and buildings | 22 | €478,061 | €451,465 | -€26,597 | -5.6% |
| Plant, machinery and equipment | 23 | €151,070 | €128,069 | -€23,001 | -15.2% |
| Furniture and vehicles | 24 | €99,385 | €98,659 | -€726 | -0.7% |
| Financial fixed assets | 28 | €1,907 | €1,907 | = | 0.0% |
| Current assets | 29/58 | €799,704 | €945,737 | +€146,033 | +18.3% |
| Stocks and contracts in progress | 3 | €91,574 | €119,006 | +€27,432 | +30.0% |
| Stocks | 30/36 | €91,574 | €119,006 | +€27,432 | +30.0% |
| Amounts receivable within one year | 40/41 | €201,302 | €441,962 | +€240,660 | +120% |
| Trade receivables | 40 | €175,196 | €382,202 | +€207,007 | +118% |
| Other amounts receivable | 41 | €26,107 | €59,760 | +€33,653 | +129% |
| Cash at bank and in hand | 54/58 | €31,271 | €16,614 | -€14,657 | -46.9% |
| Deferred charges and accrued income | 490/1 | €475,557 | €368,155 | -€107,402 | -22.6% |
| Total equity and liabilities | 10/49 | €1,530,128 | €1,625,837 | +€95,709 | +6.3% |
| Equity | 10/15 | €147,417 | €148,395 | +€978 | +0.7% |
| Contributions | 10/11 | €50,220 | €50,220 | = | 0.0% |
| Reserves | 13 | €97,197 | €98,175 | +€978 | +1.0% |
| Distributable reserves | 133 | €97,197 | €98,175 | +€978 | +1.0% |
| Amounts payable | 17/49 | €1,382,711 | €1,477,442 | +€94,731 | +6.9% |
| Amounts payable after more than one year | 17 | €381,380 | €316,208 | -€65,171 | -17.1% |
| Financial debts | 170/4 | €381,380 | €316,208 | -€65,171 | -17.1% |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €989,576 | €1,143,695 | +€154,119 | +15.6% |
| Current portion of amounts payable after more than one year | 42 | €79,185 | €68,981 | -€10,204 | -12.9% |
| Financial debts | 43 | €595,697 | €549,980 | -€45,717 | -7.7% |
| Credit institutions | 430/8 | €595,697 | €549,980 | -€45,717 | -7.7% |
| Trade debts | 44 | €269,778 | €480,184 | +€210,405 | +78.0% |
| Suppliers | 440/4 | €269,778 | €480,184 | +€210,405 | +78.0% |
| Taxes, remuneration and social security | 45 | €22,524 | €25,934 | +€3,410 | +15.1% |
| Taxes | 450/3 | €50 | €27 | -€23 | -46.7% |
| Remuneration and social security | 454/9 | €22,475 | €25,908 | +€3,433 | +15.3% |
| Other amounts payable | 47/48 | €22,391 | €18,616 | -€3,775 | -16.9% |
| Accrued charges and deferred income | 492/3 | €11,755 | €17,539 | +€5,783 | +49.2% |
| Non-recurring operating income | 76A | €31,616 | €79,060 | +€47,444 | +150% |
| Remuneration, social security and pensions | 62 | €700,088 | €741,762 | +€41,674 | +6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €89,240 | €89,329 | +€89 | +0.1% |
| Other operating charges | 640/8 | €12,961 | €28,152 | +€15,192 | +117% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €805,802 | €900,848 | +€95,046 | +11.8% |
| Operating profit (loss) | 9901 | €3,514 | €41,604 | +€38,090 | +1,084% |
| Financial income | 75/76B | €6,465 | €1 | -€6,465 | -100.0% |
| Recurring financial income | 75 | €6,465 | €1 | -€6,465 | -100.0% |
| Financial charges | 65/66B | €43,511 | €40,627 | -€2,884 | -6.6% |
| Recurring financial charges | 65 | €43,511 | €40,627 | -€2,884 | -6.6% |
| Profit (loss) for the period before taxes | 9903 | -€33,532 | €978 | +€34,510 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€33,532 | €978 | +€34,510 | |
| Profit (loss) for the period to be appropriated | 9905 | -€33,532 | €978 | +€34,510 |
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 20 October 2026 via checked.be.