TRADEVO: what changed
Two fiscal 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.
What changed
TRADEVO
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€6,664
2024 · €8,882-€2,218
Equity
€2.5m
2024 · €2.5m+€6,664
Cash
€213,575
2024 · €177,846+€35,729
Balance sheet total
€2.9m
2024 · €3.0m-€124,504
Largest movements
Assets
- Tangible fixed assets -€155,199
down €155,199 (-5.6%), from €2.8m to €2.6m
of which Land and buildings: -€150,163
- Cash +€35,729
up €35,729 (+20.1%), from €177,846 to €213,575
mainly Depreciation (+€219,250) and Net result for the year (+€6,664)
Equity and liabilities
- Debts after one year -€119,935
down €119,935 (-41.6%), from €288,109 to €168,174
Income statement
- Gross operating margin +€8,952
up €8,952 (+3.1%), from €292,194 to €301,146
- Depreciation +€7,920
up €7,920 (+3.7%), from €211,330 to €219,250
- Other operating charges +€4,991
up €4,991 (+9.1%), from €54,988 to €59,979
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.
Result 2024
€8,882
Gross operating margin
+€8,952
Depreciation
-€7,920
Other operating charges
-€4,991
Financial income
-€770
Financial charges
+€2,656
Taxes
-€145
Result 2025
€6,664
Cash bridge derived
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.
From operations
+€219,002
Investment
-€64,051
Financing
-€119,222
Cash 2024
€177,846
From operations (derived)
+€219,002
Net result for the year
+€6,664
Depreciation
+€219,250
Receivables within one year
+€5,134
Deferred charges and accrued income
-€100
Trade debts
-€3,739
Tax, wage and social debts
-€1,367
Other debts
-€8,352
Accrued charges and deferred income
+€1,512
Investment (derived)
-€64,051
Investment in fixed assets (net)
-€64,051
Financing
-€119,222
Debts after one year
-€119,935
Current portion of long-term debt
+€713
Cash 2025
€213,575
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,014,965 | €2,890,461 | -€124,504 | -4.1% |
| Fixed assets | 21/28 | €2,780,006 | €2,624,807 | -€155,199 | -5.6% |
| Tangible fixed assets | 22/27 | €2,780,006 | €2,624,807 | -€155,199 | -5.6% |
| Land and buildings | 22 | €2,739,392 | €2,589,229 | -€150,163 | -5.5% |
| Plant, machinery and equipment | 23 | - | €3,086 | +€3,086 | |
| Leasing and similar rights | 25 | €40,614 | €32,492 | -€8,122 | -20.0% |
| Current assets | 29/58 | €234,959 | €265,654 | +€30,695 | +13.1% |
| Amounts receivable within one year | 40/41 | €41,613 | €36,479 | -€5,134 | -12.3% |
| Trade receivables | 40 | €41,613 | €30,500 | -€11,113 | -26.7% |
| Other amounts receivable | 41 | - | €5,979 | +€5,979 | |
| Cash at bank and in hand | 54/58 | €177,846 | €213,575 | +€35,729 | +20.1% |
| Deferred charges and accrued income | 490/1 | €15,500 | €15,600 | +€100 | +0.6% |
| Total equity and liabilities | 10/49 | €3,014,965 | €2,890,461 | -€124,504 | -4.1% |
| Equity | 10/15 | €2,508,929 | €2,515,593 | +€6,664 | +0.3% |
| Contributions | 10/11 | €2,330,550 | €2,330,550 | = | 0.0% |
| Capital | 10 | €2,330,550 | €2,330,550 | = | 0.0% |
| Issued capital | 100 | €2,330,550 | €2,330,550 | = | 0.0% |
| Reserves | 13 | €118,000 | €118,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €118,000 | €118,000 | = | 0.0% |
| Legal reserve | 130 | €118,000 | €118,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €60,379 | €67,043 | +€6,664 | +11.0% |
| Amounts payable | 17/49 | €506,036 | €374,868 | -€131,168 | -25.9% |
| Amounts payable after more than one year | 17 | €288,109 | €168,174 | -€119,935 | -41.6% |
| Financial debts | 170/4 | €288,109 | €168,174 | -€119,935 | -41.6% |
| Amounts payable within one year | 42/48 | €217,927 | €205,182 | -€12,745 | -5.8% |
| Current portion of amounts payable after more than one year | 42 | €119,221 | €119,934 | +€713 | +0.6% |
| Trade debts | 44 | €7,853 | €4,114 | -€3,739 | -47.6% |
| Suppliers | 440/4 | €7,853 | €4,114 | -€3,739 | -47.6% |
| Advances received on contracts in progress | 46 | - | €0 | = | |
| Taxes, remuneration and social security | 45 | €11,664 | €10,297 | -€1,367 | -11.7% |
| Taxes | 450/3 | €7,171 | €5,868 | -€1,303 | -18.2% |
| Remuneration and social security | 454/9 | €4,493 | €4,429 | -€64 | -1.4% |
| Other amounts payable | 47/48 | €79,189 | €70,837 | -€8,352 | -10.5% |
| Accrued charges and deferred income | 492/3 | - | €1,512 | +€1,512 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €211,330 | €219,250 | +€7,920 | +3.7% |
| Other operating charges | 640/8 | €54,988 | €59,979 | +€4,991 | +9.1% |
| Gross operating margin | 9900 | €292,194 | €301,146 | +€8,952 | +3.1% |
| Operating profit (loss) | 9901 | €25,876 | €21,917 | -€3,959 | -15.3% |
| Financial income | 75/76B | €804 | €34 | -€770 | -95.8% |
| Recurring financial income | 75 | €804 | €34 | -€770 | -95.8% |
| Financial charges | 65/66B | €17,403 | €14,747 | -€2,656 | -15.3% |
| Recurring financial charges | 65 | €17,403 | €14,747 | -€2,656 | -15.3% |
| Profit (loss) for the period before taxes | 9903 | €9,277 | €7,204 | -€2,073 | -22.3% |
| Income taxes | 67/77 | €395 | €540 | +€145 | +36.7% |
| Profit (loss) for the period | 9904 | €8,882 | €6,664 | -€2,218 | -25.0% |
| Profit (loss) for the period to be appropriated | 9905 | €8,882 | €6,664 | -€2,218 | -25.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.