TRADIN BELGIUM: 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.
TRADIN BELGIUM
Largest movements
- Tangible fixed assets -€146,657
down €146,657 (-8.5%), from €1.7m to €1.6m
- Cash -€95,751
down €95,751 (-41.8%), from €228,822 to €133,071
mainly Net result for the year (-€267,477) and Investment in fixed assets (net) (-€152,629)
- Deferred charges and accrued income +€37,886
up €37,886 (+57.2%), from €66,251 to €104,138
- Profit (loss) carried forward -€267,477
down €267,477 (-4.6%), from -€5.8m to -€6.1m
- Trade debts +€56,010
up €56,010 (+54.2%), from €103,331 to €159,341
- Purchases and services -€614,404
no longer reported in 2025 (was €614,404)
- Turnover -€515,675
no longer reported in 2025 (was €515,675)
- Gross operating margin +€253,590
up €253,590, from -€98,729 to €154,861
- Staff costs +€43,583
up €43,583 (+56.6%), from €77,021 to €120,604
- Depreciation +€12,311
up €12,311 (+4.3%), from €286,974 to €299,286
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.
Derived cash bridge
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 | €2,086,081 | €1,882,959 | -€203,122 | -9.7% |
| Fixed assets | 21/28 | €1,734,959 | €1,588,302 | -€146,657 | -8.5% |
| Tangible fixed assets | 22/27 | €1,734,959 | €1,588,302 | -€146,657 | -8.5% |
| Land and buildings | 22 | €1,734,959 | €1,588,302 | -€146,657 | -8.5% |
| Current assets | 29/58 | €351,122 | €294,657 | -€56,465 | -16.1% |
| Amounts receivable within one year | 40/41 | €56,048 | €57,448 | +€1,400 | +2.5% |
| Other amounts receivable | 41 | €56,048 | €57,448 | +€1,400 | +2.5% |
| Cash at bank and in hand | 54/58 | €228,822 | €133,071 | -€95,751 | -41.8% |
| Deferred charges and accrued income | 490/1 | €66,251 | €104,138 | +€37,886 | +57.2% |
| Total equity and liabilities | 10/49 | €2,086,081 | €1,882,959 | -€203,122 | -9.7% |
| Equity | 10/15 | €1,695,721 | €1,428,244 | -€267,477 | -15.8% |
| Contributions | 10/11 | €7,527,750 | €7,527,750 | = | 0.0% |
| Capital | 10 | €7,527,750 | €7,527,750 | = | 0.0% |
| Issued capital | 100 | €7,527,750 | €7,527,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,832,029 | -€6,099,506 | -€267,477 | -4.6% |
| Amounts payable | 17/49 | €390,360 | €454,715 | +€64,355 | +16.5% |
| Amounts payable after more than one year | 17 | €242,500 | €242,500 | = | 0.0% |
| Other amounts payable | 178/9 | €242,500 | €242,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €135,560 | €199,665 | +€64,105 | +47.3% |
| Trade debts | 44 | €103,331 | €159,341 | +€56,010 | +54.2% |
| Suppliers | 440/4 | €103,331 | €159,341 | +€56,010 | +54.2% |
| Advances received on contracts in progress | 46 | €13,100 | €13,720 | +€620 | +4.7% |
| Taxes, remuneration and social security | 45 | €10,488 | €17,616 | +€7,128 | +68.0% |
| Taxes | 450/3 | €887 | - | -€887 | |
| Remuneration and social security | 454/9 | €9,601 | €17,616 | +€8,015 | +83.5% |
| Other amounts payable | 47/48 | €8,641 | €8,988 | +€347 | +4.0% |
| Accrued charges and deferred income | 492/3 | €12,300 | €12,550 | +€250 | +2.0% |
| Turnover | 70 | €515,675 | - | -€515,675 | |
| Non-recurring operating income | 76A | - | €2,566 | +€2,566 | |
| Goods, raw materials, services and sundry goods | 60/61 | €614,404 | - | -€614,404 | |
| Remuneration, social security and pensions | 62 | €77,021 | €120,604 | +€43,583 | +56.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €286,974 | €299,286 | +€12,311 | +4.3% |
| Other operating charges | 640/8 | - | €2,385 | +€2,385 | |
| Operating charges capitalised as restructuring costs | 649 | -€10,409 | - | +€10,409 | |
| Gross operating margin | 9900 | -€98,729 | €154,861 | +€253,590 | |
| Operating profit (loss) | 9901 | -€452,315 | -€267,414 | +€184,901 | +40.9% |
| Financial income | 75/76B | €0 | €0 | +€0 | +600% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +600% |
| Financial charges | 65/66B | €93 | €63 | -€30 | -31.9% |
| Recurring financial charges | 65 | €93 | €63 | -€30 | -31.9% |
| Profit (loss) for the period before taxes | 9903 | -€452,408 | -€267,477 | +€184,931 | +40.9% |
| Profit (loss) for the period | 9904 | -€452,408 | -€267,477 | +€184,931 | +40.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€452,408 | -€267,477 | +€184,931 | +40.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.