TRADIKO: what changed
What changed
TRADIKO
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
filed annual accounts (NBB)
Net result for the year
€47,384
2024 · €162,836-€115,452
Equity
€1.1m
2024 · €1.0m+€47,384
Cash
€1,130
2024 · €6,412-€5,281
Balance sheet total
€2.0m
2024 · €2.0m-€57,450
Largest movements
Assets
- Tangible fixed assets -€73,968
down €73,968 (-3.7%), from €2.0m to €1.9m
of which Land and buildings: -€73,223
Equity and liabilities
- Debts after one year -€134,697
down €134,697 (-26.8%), from €501,846 to €367,149
- Other debts +€108,577
up €108,577 (+45.4%), from €239,380 to €347,957
- Current portion of long-term debt -€59,940
down €59,940 (-30.8%), from €194,637 to €134,697
- Reserves +€47,384
up €47,384 (+6.0%), from €787,621 to €835,004
of which Distributable reserves: +€47,384
Income statement
- Gross operating margin -€159,451
down €159,451 (-48.5%), from €329,075 to €169,624
- Taxes -€40,123
down €40,123 (-73.0%), from €54,968 to €14,845
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€162,836
Gross operating margin
-€159,451
Staff costs
+€34
Depreciation
+€1,336
Other operating charges
+€156
Financial income
+€67
Financial charges
+€2,283
Taxes
+€40,123
Result 2025
€47,384
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€184,553
Investment
+€4,803
Financing
-€194,637
Cash 2024
€6,412
From operations (derived)
+€184,553
Net result for the year
+€47,384
Depreciation
+€69,165
Receivables after one year
-€4,696
Receivables within one year
-€17,577
Deferred charges and accrued income
+€473
Trade debts
-€8,895
Tax, wage and social debts
-€463
Advances received
-€9,416
Other debts
+€108,577
Investment (derived)
+€4,803
Investment in fixed assets (net)
+€4,803
Financing
-€194,637
Debts after one year
-€134,697
Current portion of long-term debt
-€59,940
Cash 2025
€1,130
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,025,978 | €1,968,528 | -€57,450 | -2.8% |
| Fixed assets | 21/28 | €1,993,404 | €1,919,436 | -€73,968 | -3.7% |
| Tangible fixed assets | 22/27 | €1,993,348 | €1,919,380 | -€73,968 | -3.7% |
| Land and buildings | 22 | €1,992,603 | €1,919,380 | -€73,223 | -3.7% |
| Furniture and vehicles | 24 | €745 | - | -€745 | |
| Financial fixed assets | 28 | €56 | €56 | = | 0.0% |
| Current assets | 29/58 | €32,574 | €49,092 | +€16,518 | +50.7% |
| Amounts receivable after more than one year | 29 | €17,458 | €22,154 | +€4,696 | +26.9% |
| Other amounts receivable | 291 | €17,458 | €22,154 | +€4,696 | +26.9% |
| Amounts receivable within one year | 40/41 | €8,231 | €25,808 | +€17,577 | +214% |
| Trade receivables | 40 | €2,152 | €18,829 | +€16,677 | +775% |
| Other amounts receivable | 41 | €6,079 | €6,978 | +€899 | +14.8% |
| Cash at bank and in hand | 54/58 | €6,412 | €1,130 | -€5,281 | -82.4% |
| Deferred charges and accrued income | 490/1 | €473 | - | -€473 | |
| Total equity and liabilities | 10/49 | €2,025,978 | €1,968,528 | -€57,450 | -2.8% |
| Equity | 10/15 | €1,006,221 | €1,053,604 | +€47,384 | +4.7% |
| Contributions | 10/11 | €218,600 | €218,600 | = | 0.0% |
| Reserves | 13 | €787,621 | €835,004 | +€47,384 | +6.0% |
| Non-distributable reserves | 130/1 | €3,546 | €3,546 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,546 | €3,546 | = | 0.0% |
| Tax-exempt reserves | 132 | €17,645 | €17,645 | = | 0.0% |
| Distributable reserves | 133 | €766,429 | €813,813 | +€47,384 | +6.2% |
| Amounts payable | 17/49 | €1,019,757 | €914,924 | -€104,834 | -10.3% |
| Amounts payable after more than one year | 17 | €501,846 | €367,149 | -€134,697 | -26.8% |
| Financial debts | 170/4 | €501,846 | €367,149 | -€134,697 | -26.8% |
| Amounts payable within one year | 42/48 | €517,912 | €547,775 | +€29,863 | +5.8% |
| Current portion of amounts payable after more than one year | 42 | €194,637 | €134,697 | -€59,940 | -30.8% |
| Trade debts | 44 | €71,671 | €62,776 | -€8,895 | -12.4% |
| Suppliers | 440/4 | €71,671 | €62,776 | -€8,895 | -12.4% |
| Advances received on contracts in progress | 46 | €9,416 | - | -€9,416 | |
| Taxes, remuneration and social security | 45 | €2,808 | €2,345 | -€463 | -16.5% |
| Taxes | 450/3 | €2,808 | €2,345 | -€463 | -16.5% |
| Other amounts payable | 47/48 | €239,380 | €347,957 | +€108,577 | +45.4% |
| Non-recurring operating income | 76A | €19,000 | €9,132 | -€9,868 | -51.9% |
| Remuneration, social security and pensions | 62 | €34 | - | -€34 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,501 | €69,165 | -€1,336 | -1.9% |
| Other operating charges | 640/8 | €25,699 | €25,543 | -€156 | -0.6% |
| Gross operating margin | 9900 | €329,075 | €169,624 | -€159,451 | -48.5% |
| Operating profit (loss) | 9901 | €232,841 | €74,916 | -€157,924 | -67.8% |
| Financial income | 75/76B | €474 | €540 | +€67 | +14.1% |
| Recurring financial income | 75 | €474 | €540 | +€67 | +14.1% |
| Financial charges | 65/66B | €15,511 | €13,228 | -€2,283 | -14.7% |
| Recurring financial charges | 65 | €15,511 | €13,228 | -€2,283 | -14.7% |
| Profit (loss) for the period before taxes | 9903 | €217,804 | €62,229 | -€155,575 | -71.4% |
| Income taxes | 67/77 | €54,968 | €14,845 | -€40,123 | -73.0% |
| Profit (loss) for the period | 9904 | €162,836 | €47,384 | -€115,452 | -70.9% |
| Profit (loss) for the period to be appropriated | 9905 | €162,836 | €47,384 | -€115,452 | -70.9% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.