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
- Tangible fixed assets +€41,978
up €41,978 (+485%), from €8,662 to €50,640
of which Plant, machinery and equipment: +€29,415
- Cash +€33,488
up €33,488 (+2,741%), from €1,222 to €34,709
mainly Debts after one year (+€74,696) and Net result for the year (+€24,740)
- Receivables within one year +€14,987
up €14,987 (+194%), from €7,714 to €22,702
of which Trade receivables: +€9,937
- Stocks and contracts +€7,550
up €7,550 (+10.2%), from €74,195 to €81,745
- Deferred charges and accrued income +€2,692
up €2,692 (+364%), from €740 to €3,432
- Debts after one year +€74,696
up €74,696 (+276,652%), from €27 to €74,723
- Other debts -€31,827
down €31,827 (-95.9%), from €33,174 to €1,347
- Profit (loss) carried forward +€24,740
up €24,740 (+87.3%), from €28,342 to €53,082
- Current portion of long-term debt +€19,146
new in 2024: €19,146
- Trade debts +€12,648
up €12,648 (+180%), from €7,035 to €19,684
- Gross operating margin +€33,147
up €33,147 (+120%), from €27,562 to €60,709
- Staff costs +€12,060
up €12,060 (+668%), from €1,804 to €13,864
- Other operating charges +€4,938
up €4,938 (+82.9%), from €5,958 to €10,895
- Financial charges -€3,332
down €3,332 (-30.9%), from €10,769 to €7,438
- Taxes -€1,960
no longer reported in 2024 (was €1,960)
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €101,913 | €202,607 | +€100,694 | +98.8% |
| Fixed assets | 21/28 | €18,042 | €60,020 | +€41,978 | +233% |
| Tangible fixed assets | 22/27 | €8,662 | €50,640 | +€41,978 | +485% |
| Plant, machinery and equipment | 23 | €971 | €30,386 | +€29,415 | +3,029% |
| Furniture and vehicles | 24 | €1,876 | €5,610 | +€3,734 | +199% |
| Other tangible fixed assets | 26 | €5,814 | €14,643 | +€8,829 | +152% |
| Financial fixed assets | 28 | €9,380 | €9,380 | = | 0.0% |
| Current assets | 29/58 | €83,871 | €142,587 | +€58,716 | +70.0% |
| Stocks and contracts in progress | 3 | €74,195 | €81,745 | +€7,550 | +10.2% |
| Stocks | 30/36 | €74,195 | €81,745 | +€7,550 | +10.2% |
| Amounts receivable within one year | 40/41 | €7,714 | €22,702 | +€14,987 | +194% |
| Trade receivables | 40 | - | €9,937 | +€9,937 | |
| Other amounts receivable | 41 | €7,714 | €12,765 | +€5,050 | +65.5% |
| Cash at bank and in hand | 54/58 | €1,222 | €34,709 | +€33,488 | +2,741% |
| Deferred charges and accrued income | 490/1 | €740 | €3,432 | +€2,692 | +364% |
| Total equity and liabilities | 10/49 | €101,913 | €202,607 | +€100,694 | +98.8% |
| Equity | 10/15 | €48,802 | €73,542 | +€24,740 | +50.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,342 | €53,082 | +€24,740 | +87.3% |
| Amounts payable | 17/49 | €53,111 | €129,065 | +€75,954 | +143% |
| Amounts payable after more than one year | 17 | €27 | €74,723 | +€74,696 | +276,652% |
| Financial debts | 170/4 | €27 | €74,723 | +€74,696 | +276,652% |
| Amounts payable within one year | 42/48 | €53,084 | €54,342 | +€1,258 | +2.4% |
| Current portion of amounts payable after more than one year | 42 | - | €19,146 | +€19,146 | |
| Trade debts | 44 | €7,035 | €19,684 | +€12,648 | +180% |
| Suppliers | 440/4 | €7,035 | €19,684 | +€12,648 | +180% |
| Taxes, remuneration and social security | 45 | €12,874 | €14,164 | +€1,291 | +10.0% |
| Taxes | 450/3 | €4,178 | €10,412 | +€6,234 | +149% |
| Remuneration and social security | 454/9 | €8,696 | €3,753 | -€4,943 | -56.8% |
| Other amounts payable | 47/48 | €33,174 | €1,347 | -€31,827 | -95.9% |
| Remuneration, social security and pensions | 62 | €1,804 | €13,864 | +€12,060 | +668% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,325 | €3,772 | -€1,553 | -29.2% |
| Other operating charges | 640/8 | €5,958 | €10,895 | +€4,938 | +82.9% |
| Gross operating margin | 9900 | €27,562 | €60,709 | +€33,147 | +120% |
| Operating profit (loss) | 9901 | €14,475 | €32,178 | +€17,703 | +122% |
| Financial charges | 65/66B | €10,769 | €7,438 | -€3,332 | -30.9% |
| Recurring financial charges | 65 | €10,769 | €7,438 | -€3,332 | -30.9% |
| Profit (loss) for the period before taxes | 9903 | €3,705 | €24,740 | +€21,035 | +568% |
| Income taxes | 67/77 | €1,960 | - | -€1,960 | |
| Profit (loss) for the period | 9904 | €1,745 | €24,740 | +€22,995 | +1,318% |
| Profit (loss) for the period to be appropriated | 9905 | €1,745 | €24,740 | +€22,995 | +1,318% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.