Tradeway: 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.
Tradeway
Largest movements
- Intangible fixed assets +€2,917
new in 2025: €2,917
- Receivables within one year +€2,562
up €2,562 (+128.8%), from €1,989 to €4,550
of which Trade receivables: +€2,760
- Tangible fixed assets -€2,218
down €2,218 (-23.7%), from €9,340 to €7,122
- Cash +€2,205
up €2,205 (+11.7%), from €18,813 to €21,018
mainly Net result for the year (+€6,585) and Depreciation (+€2,911)
- Reserves +€6,000
up €6,000 (+87.5%), from €6,860 to €12,860
of which Distributable reserves: +€6,000
- Current portion of long-term debt -€1,286
down €1,286 (-74.1%), from €1,734 to €448
- Tax, wage and social debts +€785
up €785 (+470.1%), from €167 to €952
- Profit (loss) carried forward +€585
up €585 (+4.5%), from €12,875 to €13,460
- Debts after one year -€448
no longer reported in 2025 (was €448)
- Gross operating margin +€1,455
up €1,455 (+13.2%), from €11,045 to €12,500
- Depreciation +€417
up €417 (+16.7%), from €2,494 to €2,911
- Financial income -€250
down €250 (-30.9%), from €810 to €560
- Taxes +€190
up €190 (+7.1%), from €2,668 to €2,858
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €30,141 | €35,607 | +€5,465 | +18.1% |
| Fixed assets | 21/28 | €9,340 | €10,039 | +€699 | +7.5% |
| Intangible fixed assets | 21 | - | €2,917 | +€2,917 | |
| Tangible fixed assets | 22/27 | €9,340 | €7,122 | -€2,218 | -23.7% |
| Furniture and vehicles | 24 | €9,340 | €7,122 | -€2,218 | -23.7% |
| Current assets | 29/58 | €20,801 | €25,568 | +€4,767 | +22.9% |
| Amounts receivable within one year | 40/41 | €1,989 | €4,550 | +€2,562 | +128.8% |
| Trade receivables | 40 | €1,790 | €4,550 | +€2,760 | +154.2% |
| Other amounts receivable | 41 | €199 | €0 | -€199 | -100.0% |
| Cash at bank and in hand | 54/58 | €18,813 | €21,018 | +€2,205 | +11.7% |
| Total equity and liabilities | 10/49 | €30,141 | €35,607 | +€5,465 | +18.1% |
| Equity | 10/15 | €25,935 | €32,520 | +€6,585 | +25.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €6,860 | €12,860 | +€6,000 | +87.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €5,000 | €11,000 | +€6,000 | +120.0% |
| Profit (loss) carried forward | 14 | €12,875 | €13,460 | +€585 | +4.5% |
| Amounts payable | 17/49 | €4,206 | €3,087 | -€1,119 | -26.6% |
| Amounts payable after more than one year | 17 | €448 | - | -€448 | |
| Financial debts | 170/4 | €448 | - | -€448 | |
| Amounts payable within one year | 42/48 | €3,758 | €3,087 | -€671 | -17.9% |
| Current portion of amounts payable after more than one year | 42 | €1,734 | €448 | -€1,286 | -74.1% |
| Trade debts | 44 | €767 | €885 | +€118 | +15.4% |
| Suppliers | 440/4 | €767 | €885 | +€118 | +15.4% |
| Taxes, remuneration and social security | 45 | €167 | €952 | +€785 | +470.1% |
| Taxes | 450/3 | €167 | €952 | +€785 | +470.1% |
| Other amounts payable | 47/48 | €1,090 | €802 | -€288 | -26.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,494 | €2,911 | +€417 | +16.7% |
| Other operating charges | 640/8 | €594 | €588 | -€7 | -1.1% |
| Gross operating margin | 9900 | €11,045 | €12,500 | +€1,455 | +13.2% |
| Operating profit (loss) | 9901 | €7,956 | €9,001 | +€1,045 | +13.1% |
| Financial income | 75/76B | €810 | €560 | -€250 | -30.9% |
| Recurring financial income | 75 | €810 | €560 | -€250 | -30.9% |
| Financial charges | 65/66B | €206 | €118 | -€89 | -43.1% |
| Recurring financial charges | 65 | €206 | €118 | -€89 | -43.1% |
| Profit (loss) for the period before taxes | 9903 | €8,560 | €9,443 | +€883 | +10.3% |
| Income taxes | 67/77 | €2,668 | €2,858 | +€190 | +7.1% |
| Profit (loss) for the period | 9904 | €5,891 | €6,585 | +€693 | +11.8% |
| Profit (loss) for the period to be appropriated | 9905 | €5,891 | €6,585 | +€693 | +11.8% |
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 9 October 2026 via checked.be.