TRADIDEC: 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.
TRADIDEC
Largest movements
- Receivables within one year +€3.5m
up €3.5m (+20.7%), from €16.8m to €20.3m
of which Other amounts receivable: +€2.9m
- Current investments -€3.0m
down €3.0m (-3.8%), from €79.0m to €76.0m
- Financial fixed assets +€2.1m
up €2.1m (+5.1%), from €41.0m to €43.1m
- Reserves +€2.1m
up €2.1m (+2.1%), from €98.7m to €100.8m
of which Distributable reserves: +€2.1m
- Financial income +€1.3m
up €1.3m (+39.1%), from €3.2m to €4.5m
- Taxes +€714,118
up €714,118 (+173.4%), from €411,933 to €1.1m
- Gross operating margin +€654,057
up €654,057 (+74.9%), from -€872,711 to -€218,655
- Depreciation -€262,967
down €262,967 (-39.6%), from €664,214 to €401,247
- Financial charges +€135,934
up €135,934 (+58.7%), from €231,621 to €367,555
of which Financial charges: +€135,934
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 | €152,673,906 | €155,303,004 | +€2.6m | +1.7% |
| Fixed assets | 21/28 | €52,128,843 | €54,674,384 | +€2.5m | +4.9% |
| Tangible fixed assets | 22/27 | €11,084,922 | €11,531,463 | +€446,541 | +4.0% |
| Land and buildings | 22 | €9,180,679 | €9,801,236 | +€620,557 | +6.8% |
| Furniture and vehicles | 24 | €1,904,243 | €1,730,226 | -€174,017 | -9.1% |
| Financial fixed assets | 28 | €41,043,921 | €43,142,921 | +€2.1m | +5.1% |
| Current assets | 29/58 | €100,545,063 | €100,628,620 | +€83,557 | +0.1% |
| Amounts receivable within one year | 40/41 | €16,790,067 | €20,262,236 | +€3.5m | +20.7% |
| Trade receivables | 40 | €81,427 | €642,427 | +€561,000 | +689.0% |
| Other amounts receivable | 41 | €16,708,639 | €19,619,809 | +€2.9m | +17.4% |
| Current investments | 50/53 | €78,995,074 | €75,973,314 | -€3.0m | -3.8% |
| Cash at bank and in hand | 54/58 | €4,472,575 | €3,910,816 | -€561,760 | -12.6% |
| Deferred charges and accrued income | 490/1 | €287,347 | €482,253 | +€194,906 | +67.8% |
| Total equity and liabilities | 10/49 | €152,673,906 | €155,303,004 | +€2.6m | +1.7% |
| Equity | 10/15 | €152,270,322 | €154,352,963 | +€2.1m | +1.4% |
| Contributions | 10/11 | €53,469,621 | €53,469,621 | = | 0.0% |
| Capital | 10 | €53,469,621 | €53,469,621 | = | 0.0% |
| Issued capital | 100 | €53,469,621 | €53,469,621 | = | 0.0% |
| Reserves | 13 | €98,717,653 | €100,800,295 | +€2.1m | +2.1% |
| Non-distributable reserves | 130/1 | €5,346,962 | €5,346,962 | = | 0.0% |
| Legal reserve | 130 | €5,346,962 | €5,346,962 | = | 0.0% |
| Distributable reserves | 133 | €93,370,691 | €95,453,333 | +€2.1m | +2.2% |
| Profit (loss) carried forward | 14 | €83,047 | €83,047 | = | 0.0% |
| Amounts payable | 17/49 | €403,585 | €950,040 | +€546,456 | +135.4% |
| Amounts payable within one year | 42/48 | €403,585 | €950,040 | +€546,456 | +135.4% |
| Financial debts | 43 | - | €71 | +€71 | |
| Credit institutions | 430/8 | - | €71 | +€71 | |
| Trade debts | 44 | €42,312 | €161,062 | +€118,750 | +280.7% |
| Suppliers | 440/4 | €42,312 | €161,062 | +€118,750 | +280.7% |
| Taxes, remuneration and social security | 45 | €357,143 | €788,669 | +€431,526 | +120.8% |
| Taxes | 450/3 | €341,839 | €772,444 | +€430,604 | +126.0% |
| Remuneration and social security | 454/9 | €15,304 | €16,226 | +€922 | +6.0% |
| Other amounts payable | 47/48 | €4,130 | €239 | -€3,891 | -94.2% |
| Non-recurring operating income | 76A | €19,809 | €0 | -€19,809 | -100.0% |
| Remuneration, social security and pensions | 62 | €142,217 | €140,752 | -€1,465 | -1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €664,214 | €401,247 | -€262,967 | -39.6% |
| Other operating charges | 640/8 | €111,542 | €122,277 | +€10,734 | +9.6% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | -€872,711 | -€218,655 | +€654,057 | +74.9% |
| Operating profit (loss) | 9901 | -€1,790,685 | -€882,930 | +€907,754 | +50.7% |
| Financial income | 75/76B | €3,204,930 | €4,459,177 | +€1.3m | +39.1% |
| Recurring financial income | 75 | €3,204,930 | €4,459,177 | +€1.3m | +39.1% |
| Financial charges | 65/66B | €231,621 | €367,555 | +€135,934 | +58.7% |
| Recurring financial charges | 65 | €231,621 | €367,555 | +€135,934 | +58.7% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €1,182,624 | €3,208,692 | +€2.0m | +171.3% |
| Income taxes | 67/77 | €411,933 | €1,126,050 | +€714,118 | +173.4% |
| Profit (loss) for the period | 9904 | €770,691 | €2,082,642 | +€1.3m | +170.2% |
| Profit (loss) for the period to be appropriated | 9905 | €770,691 | €2,082,642 | +€1.3m | +170.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.