TRADEXPORT: 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.
TRADEXPORT
Largest movements
- Receivables within one year +€437,140
up €437,140 (+1000.6%), from €43,688 to €480,828
of which Trade receivables: +€441,258
- Stocks and contracts -€36,789
down €36,789 (-70.2%), from €52,393 to €15,605
- Trade debts +€357,316
up €357,316 (+439.6%), from €81,280 to €438,596
- Profit (loss) carried forward +€64,116
up €64,116, from -€2,201 to €61,915
- Advances received -€40,845
down €40,845 (-100.0%), from €40,845 to €0
- Tax, wage and social debts +€16,838
new in 2026: €16,838
- Gross operating margin +€101,452
up €101,452 (+995.5%), from €10,191 to €111,643
- Financial charges +€18,367
up €18,367 (+239.2%), from €7,679 to €26,046
- Taxes +€16,839
new in 2026: €16,839
- Other operating charges +€2,016
up €2,016 (+139.8%), from €1,442 to €3,458
- Depreciation -€1,313
down €1,313 (-31.2%), from €4,210 to €2,897
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €133,692 | €530,686 | +€396,994 | +296.9% |
| Fixed assets | 21/28 | €6,754 | €3,857 | -€2,897 | -42.9% |
| Tangible fixed assets | 22/27 | €6,754 | €3,857 | -€2,897 | -42.9% |
| Furniture and vehicles | 24 | €6,754 | €3,857 | -€2,897 | -42.9% |
| Current assets | 29/58 | €126,938 | €526,829 | +€399,892 | +315.0% |
| Stocks and contracts in progress | 3 | €52,393 | €15,605 | -€36,789 | -70.2% |
| Stocks | 30/36 | €52,393 | €15,605 | -€36,789 | -70.2% |
| Amounts receivable within one year | 40/41 | €43,688 | €480,828 | +€437,140 | +1000.6% |
| Trade receivables | 40 | €19,699 | €460,956 | +€441,258 | +2240.0% |
| Other amounts receivable | 41 | €23,989 | €19,871 | -€4,118 | -17.2% |
| Cash at bank and in hand | 54/58 | €30,828 | €28,259 | -€2,570 | -8.3% |
| Deferred charges and accrued income | 490/1 | €28 | €2,138 | +€2,110 | +7565.8% |
| Total equity and liabilities | 10/49 | €133,692 | €530,686 | +€396,994 | +296.9% |
| Equity | 10/15 | €7,799 | €71,915 | +€64,116 | +822.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,201 | €61,915 | +€64,116 | |
| Amounts payable | 17/49 | €125,893 | €458,771 | +€332,878 | +264.4% |
| Amounts payable within one year | 42/48 | €125,893 | €458,771 | +€332,878 | +264.4% |
| Trade debts | 44 | €81,280 | €438,596 | +€357,316 | +439.6% |
| Suppliers | 440/4 | €81,280 | €438,596 | +€357,316 | +439.6% |
| Advances received on contracts in progress | 46 | €40,845 | €0 | -€40,845 | -100.0% |
| Taxes, remuneration and social security | 45 | - | €16,838 | +€16,838 | |
| Taxes | 450/3 | - | €16,838 | +€16,838 | |
| Other amounts payable | 47/48 | €3,768 | €3,338 | -€430 | -11.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,210 | €2,897 | -€1,313 | -31.2% |
| Other operating charges | 640/8 | €1,442 | €3,458 | +€2,016 | +139.8% |
| Gross operating margin | 9900 | €10,191 | €111,643 | +€101,452 | +995.5% |
| Operating profit (loss) | 9901 | €4,539 | €105,288 | +€100,749 | +2219.6% |
| Financial income | 75/76B | €939 | €1,714 | +€775 | +82.5% |
| Recurring financial income | 75 | €939 | €1,714 | +€775 | +82.5% |
| Financial charges | 65/66B | €7,679 | €26,046 | +€18,367 | +239.2% |
| Recurring financial charges | 65 | €7,679 | €26,046 | +€18,367 | +239.2% |
| Profit (loss) for the period before taxes | 9903 | -€2,201 | €80,955 | +€83,156 | |
| Income taxes | 67/77 | - | €16,839 | +€16,839 | |
| Profit (loss) for the period | 9904 | -€2,201 | €64,116 | +€66,317 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,201 | €64,116 | +€66,317 |
Source: filed annual accounts (NBB), financial years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.