TRADEX: 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.
TRADEX
Largest movements
- Cash +€24,455
up €24,455 (+85.5%), from €28,594 to €53,049
mainly Depreciation (+€16,728) and Net result for the year (+€16,268)
- Tangible fixed assets -€16,728
down €16,728 (-13.2%), from €127,138 to €110,410
- Receivables within one year +€16,374
up €16,374 (+26.1%), from €62,640 to €79,013
of which Other amounts receivable: +€15,802
- Deferred charges and accrued income -€5,064
down €5,064 (-100%), from €5,064 to €0
- Profit (loss) carried forward +€16,268
up €16,268 (+10.3%), from €158,210 to €174,478
- Trade debts +€4,533
up €4,533 (+11.4%), from €39,930 to €44,463
- Gross operating margin +€7,686
up €7,686 (+22.5%), from €34,237 to €41,924
- Taxes +€1,505
up €1,505 (+51.7%), from €2,912 to €4,418
- Financial charges +€1,146
up €1,146 (+1,270%), from €90 to €1,237
- Financial income +€1,037
up €1,037 (+20.5%), from €5,068 to €6,105
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 | €358,436 | €377,472 | +€19,037 | +5.3% |
| Fixed assets | 21/28 | €127,138 | €110,410 | -€16,728 | -13.2% |
| Tangible fixed assets | 22/27 | €127,138 | €110,410 | -€16,728 | -13.2% |
| Land and buildings | 22 | €127,138 | €110,410 | -€16,728 | -13.2% |
| Current assets | 29/58 | €231,298 | €267,062 | +€35,764 | +15.5% |
| Amounts receivable after more than one year | 29 | €135,000 | €135,000 | = | 0.0% |
| Other amounts receivable | 291 | €135,000 | €135,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €62,640 | €79,013 | +€16,374 | +26.1% |
| Trade receivables | 40 | - | €572 | +€572 | |
| Other amounts receivable | 41 | €62,640 | €78,442 | +€15,802 | +25.2% |
| Cash at bank and in hand | 54/58 | €28,594 | €53,049 | +€24,455 | +85.5% |
| Deferred charges and accrued income | 490/1 | €5,064 | €0 | -€5,064 | -100% |
| Total equity and liabilities | 10/49 | €358,436 | €377,472 | +€19,037 | +5.3% |
| Equity | 10/15 | €306,828 | €323,096 | +€16,268 | +5.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €130,018 | €130,018 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €31,392 | €31,392 | = | 0.0% |
| Distributable reserves | 133 | €98,626 | €98,626 | = | 0.0% |
| Profit (loss) carried forward | 14 | €158,210 | €174,478 | +€16,268 | +10.3% |
| Amounts payable | 17/49 | €51,608 | €54,376 | +€2,769 | +5.4% |
| Amounts payable within one year | 42/48 | €51,608 | €54,376 | +€2,769 | +5.4% |
| Trade debts | 44 | €39,930 | €44,463 | +€4,533 | +11.4% |
| Suppliers | 440/4 | €39,930 | €44,463 | +€4,533 | +11.4% |
| Taxes, remuneration and social security | 45 | €11,678 | €9,914 | -€1,765 | -15.1% |
| Taxes | 450/3 | €11,678 | €9,914 | -€1,765 | -15.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,728 | €16,728 | = | 0.0% |
| Other operating charges | 640/8 | €9,180 | €9,379 | +€198 | +2.2% |
| Gross operating margin | 9900 | €34,237 | €41,924 | +€7,686 | +22.5% |
| Operating profit (loss) | 9901 | €8,330 | €15,817 | +€7,488 | +89.9% |
| Financial income | 75/76B | €5,068 | €6,105 | +€1,037 | +20.5% |
| Recurring financial income | 75 | €5,068 | €6,105 | +€1,037 | +20.5% |
| Financial charges | 65/66B | €90 | €1,237 | +€1,146 | +1,270% |
| Recurring financial charges | 65 | €90 | €1,237 | +€1,146 | +1,270% |
| Profit (loss) for the period before taxes | 9903 | €13,307 | €20,686 | +€7,379 | +55.4% |
| Income taxes | 67/77 | €2,912 | €4,418 | +€1,505 | +51.7% |
| Profit (loss) for the period | 9904 | €10,395 | €16,268 | +€5,873 | +56.5% |
| Profit (loss) for the period to be appropriated | 9905 | €10,395 | €16,268 | +€5,873 | +56.5% |
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 24 October 2026 via checked.be.