TRADI - CONSTRUCT: 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.
TRADI - CONSTRUCT
Largest movements
- Tangible fixed assets +€2.2m
up €2.2m (+64.9%), from €3.3m to €5.5m
- Stocks and contracts +€2.0m
up €2.0m (+30.8%), from €6.5m to €8.6m
- Cash +€220,389
up €220,389 (+260.6%), from €84,570 to €304,959
mainly Short-term financial debts (+€3.7m) and Other debts (+€900,000)
- Short-term financial debts +€3.7m
up €3.7m (+63.2%), from €5.8m to €9.5m
- Other debts +€900,000
up €900,000 (+191.5%), from €470,000 to €1.4m
- Profit (loss) carried forward -€260,154
down €260,154, from €201,463 to -€58,691
- Trade debts +€178,250
up €178,250 (+91.2%), from €195,366 to €373,616
- Gross operating margin -€81,724
down €81,724 (-33.2%), from €245,967 to €164,243
- Staff costs +€4,248
up €4,248 (+4.7%), from €90,314 to €94,562
- Financial charges -€3,734
down €3,734 (-1.1%), from €328,271 to €324,537
of which Financial charges: -€3,734
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.
Cash bridge derived
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 | €10,080,291 | €14,496,754 | +€4.4m | +43.8% |
| Fixed assets | 21/28 | €3,398,436 | €5,551,925 | +€2.2m | +63.4% |
| Tangible fixed assets | 22/27 | €3,316,933 | €5,470,422 | +€2.2m | +64.9% |
| Other tangible fixed assets | 26 | €3,316,933 | €5,470,422 | +€2.2m | +64.9% |
| Financial fixed assets | 28 | €81,503 | €81,503 | = | 0.0% |
| Current assets | 29/58 | €6,681,854 | €8,944,829 | +€2.3m | +33.9% |
| Stocks and contracts in progress | 3 | €6,544,300 | €8,557,100 | +€2.0m | +30.8% |
| Stocks | 30/36 | €6,544,300 | €8,557,100 | +€2.0m | +30.8% |
| Amounts receivable within one year | 40/41 | €47,870 | €78,981 | +€31,111 | +65.0% |
| Trade receivables | 40 | €17,870 | €15,597 | -€2,273 | -12.7% |
| Other amounts receivable | 41 | €30,000 | €63,384 | +€33,384 | +111.3% |
| Current investments | 50/53 | €274 | €274 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €84,570 | €304,959 | +€220,389 | +260.6% |
| Deferred charges and accrued income | 490/1 | €4,841 | €3,515 | -€1,326 | -27.4% |
| Total equity and liabilities | 10/49 | €10,080,291 | €14,496,754 | +€4.4m | +43.8% |
| Equity | 10/15 | €995,913 | €735,759 | -€260,154 | -26.1% |
| Contributions | 10/11 | €732,000 | €732,000 | = | 0.0% |
| Capital | 10 | €732,000 | €732,000 | = | 0.0% |
| Issued capital | 100 | €732,000 | €732,000 | = | 0.0% |
| Reserves | 13 | €62,450 | €62,450 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €56,250 | €56,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | €201,463 | -€58,691 | -€260,154 | |
| Amounts payable | 17/49 | €9,084,377 | €13,760,995 | +€4.7m | +51.5% |
| Amounts payable after more than one year | 17 | €2,500,000 | €2,500,000 | = | 0.0% |
| Financial debts | 170/4 | €2,500,000 | €2,500,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €6,582,882 | €11,260,995 | +€4.7m | +71.1% |
| Financial debts | 43 | €5,821,900 | €9,502,229 | +€3.7m | +63.2% |
| Credit institutions | 430/8 | €5,821,900 | €9,502,229 | +€3.7m | +63.2% |
| Trade debts | 44 | €195,366 | €373,616 | +€178,250 | +91.2% |
| Suppliers | 440/4 | €195,366 | €373,616 | +€178,250 | +91.2% |
| Taxes, remuneration and social security | 45 | €95,616 | €15,150 | -€80,466 | -84.2% |
| Taxes | 450/3 | €85,480 | €3,366 | -€82,114 | -96.1% |
| Remuneration and social security | 454/9 | €10,136 | €11,784 | +€1,648 | +16.3% |
| Other amounts payable | 47/48 | €470,000 | €1,370,000 | +€900,000 | +191.5% |
| Accrued charges and deferred income | 492/3 | €1,495 | €0 | -€1,495 | -100.0% |
| Non-recurring operating income | 76A | €0 | €33,336 | +€33,336 | |
| Remuneration, social security and pensions | 62 | €90,314 | €94,562 | +€4,248 | +4.7% |
| Other operating charges | 640/8 | €2,000 | €3,087 | +€1,087 | +54.3% |
| Non-recurring operating charges | 66A | - | €2,047 | +€2,047 | |
| Gross operating margin | 9900 | €245,967 | €164,243 | -€81,724 | -33.2% |
| Operating profit (loss) | 9901 | €153,653 | €64,547 | -€89,106 | -58.0% |
| Financial income | 75/76B | €0 | €0 | +€0 | +275.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +275.0% |
| Financial charges | 65/66B | €328,271 | €324,537 | -€3,734 | -1.1% |
| Recurring financial charges | 65 | €328,271 | €324,537 | -€3,734 | -1.1% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | -€174,619 | -€259,990 | -€85,371 | -48.9% |
| Income taxes | 67/77 | €0 | €164 | +€164 | |
| Profit (loss) for the period | 9904 | -€174,619 | -€260,154 | -€85,536 | -49.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€174,619 | -€260,154 | -€85,536 | -49.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.