TRADEWARE: 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
TRADEWARE
NACE 62.200, Computer consultancy and computer facilities management
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€107,723
2024 · €116,627-€8,903
Equity
€912,589
2024 · €4.3m-€3.4m
Cash
€2.5m
2024 · €1.8m+€708,121
Balance sheet total
€4.5m
2024 · €4.4m+€136,347
Largest movements
Assets
- Current investments -€2.1m
down €2.1m (-97.7%), from €2.2m to €51,125
- Receivables within one year +€1.6m
up €1.6m (+465.8%), from €335,280 to €1.9m
of which Other amounts receivable: +€976,581
- Cash +€708,121
up €708,121 (+38.9%), from €1.8m to €2.5m
mainly Other debts (+€3.5m) and Current investments (+€2.1m)
Equity and liabilities
- Other debts +€3.5m
up €3.5m (+482939.4%), from €720 to €3.5m
- Profit (loss) carried forward -€3.4m
down €3.4m (-95.3%), from €3.5m to €164,613
Income statement
- Financial income -€76,097
down €76,097 (-64.8%), from €117,430 to €41,333
- Financial charges -€69,451
down €69,451 (-98.1%), from €70,771 to €1,320
- Staff costs -€60,573
down €60,573 (-11.9%), from €510,088 to €449,516
- Goods and materials +€39,390
up €39,390 (+30.8%), from €127,986 to €167,376
- Turnover -€24,072
down €24,072 (-3.1%), from €775,762 to €751,690
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
€116,627
Turnover
-€24,072
Other operating income
-€187
Goods and materials
-€39,390
Services and other goods
+€1,856
Staff costs
+€60,573
Depreciation
-€853
Other operating charges
-€132
Financial income
-€76,097
Financial charges
+€69,451
Taxes
-€52
Result 2025
€107,723
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
+€2.0m
Investment
+€2.1m
Financing
-€3.5m
Cash 2024
€1.8m
From operations (derived)
+€2.0m
Net result for the year
+€107,723
Depreciation
+€3,326
Receivables within one year
-€1.6m
Deferred charges and accrued income
-€16,609
Trade debts
+€37,742
Smaller working-capital items
-€9,006
Other debts
+€3.5m
Investment (derived)
+€2.1m
Investment in fixed assets (net)
-€1,319
Current investments
+€2.1m
Financing
-€3.5m
Contributions, distributions and other
-€3.5m
Cash 2025
€2.5m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,368,466 | €4,504,814 | +€136,347 | +3.1% |
| Fixed assets | 21/28 | €8,747 | €6,741 | -€2,006 | -22.9% |
| Tangible fixed assets | 22/27 | €6,613 | €4,607 | -€2,006 | -30.3% |
| Plant, machinery and equipment | 23 | €5,529 | €4,029 | -€1,500 | -27.1% |
| Furniture and vehicles | 24 | €1,084 | €577 | -€507 | -46.7% |
| Financial fixed assets | 28 | €2,134 | €2,134 | = | 0.0% |
| Other financial fixed assets | 284/8 | €2,134 | €2,134 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €2,134 | €2,134 | = | 0.0% |
| Current assets | 29/58 | €4,359,719 | €4,498,072 | +€138,354 | +3.2% |
| Amounts receivable within one year | 40/41 | €335,280 | €1,897,028 | +€1.6m | +465.8% |
| Trade receivables | 40 | €271,587 | €856,754 | +€585,167 | +215.5% |
| Other amounts receivable | 41 | €63,693 | €1,040,274 | +€976,581 | +1533.3% |
| Current investments | 50/53 | €2,199,250 | €51,125 | -€2.1m | -97.7% |
| Other investments | 51/53 | €2,199,250 | €51,125 | -€2.1m | -97.7% |
| Cash at bank and in hand | 54/58 | €1,819,957 | €2,528,078 | +€708,121 | +38.9% |
| Deferred charges and accrued income | 490/1 | €5,232 | €21,841 | +€16,609 | +317.5% |
| Total equity and liabilities | 10/49 | €4,368,466 | €4,504,814 | +€136,347 | +3.1% |
| Equity | 10/15 | €4,282,141 | €912,589 | -€3.4m | -78.7% |
| Contributions | 10/11 | €679,976 | €679,976 | = | 0.0% |
| Capital | 10 | €679,976 | €679,976 | = | 0.0% |
| Issued capital | 100 | €679,976 | €679,976 | = | 0.0% |
| Reserves | 13 | €68,000 | €68,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €68,000 | €68,000 | = | 0.0% |
| Legal reserve | 130 | €68,000 | €68,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,534,165 | €164,613 | -€3.4m | -95.3% |
| Amounts payable | 17/49 | €86,325 | €3,592,225 | +€3.5m | +4061.3% |
| Amounts payable within one year | 42/48 | €85,104 | €3,591,507 | +€3.5m | +4120.1% |
| Trade debts | 44 | €13,970 | €51,712 | +€37,742 | +270.2% |
| Suppliers | 440/4 | €13,970 | €51,712 | +€37,742 | +270.2% |
| Taxes, remuneration and social security | 45 | €70,414 | €61,912 | -€8,503 | -12.1% |
| Taxes | 450/3 | €10,346 | €9,990 | -€357 | -3.4% |
| Remuneration and social security | 454/9 | €60,068 | €51,922 | -€8,146 | -13.6% |
| Other amounts payable | 47/48 | €720 | €3,477,884 | +€3.5m | +482939.4% |
| Accrued charges and deferred income | 492/3 | €1,221 | €718 | -€503 | -41.2% |
| Operating income | 70/76A | €776,374 | €752,114 | -€24,259 | -3.1% |
| Turnover | 70 | €775,762 | €751,690 | -€24,072 | -3.1% |
| Other operating income | 74 | €612 | €425 | -€187 | -30.5% |
| Operating charges | 60/66A | €705,794 | €683,740 | -€22,054 | -3.1% |
| Goods for resale, raw materials and consumables | 60 | €127,986 | €167,376 | +€39,390 | +30.8% |
| Purchases | 600/8 | €127,986 | €167,376 | +€39,390 | +30.8% |
| Services and other goods | 61 | €63,497 | €61,641 | -€1,856 | -2.9% |
| Remuneration, social security and pensions | 62 | €510,088 | €449,516 | -€60,573 | -11.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,473 | €3,326 | +€853 | +34.5% |
| Other operating charges | 640/8 | €1,750 | €1,882 | +€132 | +7.5% |
| Operating profit (loss) | 9901 | €70,579 | €68,374 | -€2,205 | -3.1% |
| Financial income | 75/76B | €117,430 | €41,333 | -€76,097 | -64.8% |
| Recurring financial income | 75 | €117,430 | €41,333 | -€76,097 | -64.8% |
| Income from current assets | 751 | €117,429 | €21,283 | -€96,146 | -81.9% |
| Other financial income | 752/9 | €1 | €20,050 | +€20,050 | +2088492.7% |
| Financial charges | 65/66B | €70,771 | €1,320 | -€69,451 | -98.1% |
| Recurring financial charges | 65 | €70,771 | €1,320 | -€69,451 | -98.1% |
| Debt charges | 650 | €2,825 | €2,618 | -€207 | -7.3% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | €67,350 | -€1,875 | -€69,225 | |
| Other financial charges | 652/9 | €596 | €577 | -€18 | -3.1% |
| Profit (loss) for the period before taxes | 9903 | €117,238 | €108,387 | -€8,852 | -7.6% |
| Income taxes | 67/77 | €612 | €663 | +€52 | +8.4% |
| Taxes | 670/3 | €676 | €663 | -€13 | -1.9% |
| Tax adjustments and reversals of tax provisions | 77 | €64 | - | -€64 | |
| Profit (loss) for the period | 9904 | €116,627 | €107,723 | -€8,903 | -7.6% |
| Profit (loss) for the period to be appropriated | 9905 | €116,627 | €107,723 | -€8,903 | -7.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.