TRADINEX: 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.
What changed
TRADINEX
NACE 46.900, Non-specialised wholesale trade
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€426,961
2024 · €229,386+€197,575
Equity
€1.0m
2024 · €917,079+€120,561
Cash
€1.1m
2024 · €757,002+€378,032
Balance sheet total
€1.7m
2024 · €1.3m+€372,135
Largest movements
Assets
- Cash +€378,032
up €378,032 (+49.9%), from €757,002 to €1.1m
mainly Net result for the year (+€426,961) and Other debts (+€200,000)
- Receivables within one year +€34,373
up €34,373 (+9.0%), from €383,095 to €417,468
of which Trade receivables: +€43,140
- Tangible fixed assets -€21,826
down €21,826 (-28.0%), from €77,912 to €56,086
of which Plant, machinery and equipment: -€17,531
Equity and liabilities
- Other debts +€200,000
up €200,000 (+200%), from €100,000 to €300,000
- Profit (loss) carried forward +€121,337
up €121,337 (+15.2%), from €799,364 to €920,701
- Advances received +€28,808
up €28,808 (+198%), from €14,521 to €43,329
- Tax, wage and social debts +€22,190
up €22,190 (+24.9%), from €89,262 to €111,452
of which Taxes: +€34,470
Income statement
- Goods and materials -€85,685
down €85,685 (-3.0%), from €2.8m to €2.7m
of which Purchases: -€89,751
- Turnover -€56,989
down €56,989 (-1.4%), from €4.0m to €4.0m
- Other operating income +€52,572
up €52,572 (+164%), from €32,117 to €84,689
- Services and other goods -€46,334
down €46,334 (-11.4%), from €406,178 to €359,844
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.
Result 2024
€229,386
Turnover
-€56,989
Other operating income
+€52,572
Goods and materials
+€85,685
Services and other goods
+€46,334
Staff costs
+€37,068
Depreciation
+€3,184
Write-downs
+€8,981
Other operating charges
+€3,985
Other operating items
-€1,190
Financial income
+€13,830
Financial charges
+€131
Taxes
+€3,985
Result 2025
€426,961
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€669,930
Investment
+€14,502
Financing
-€306,400
Cash 2024
€757,002
From operations (derived)
+€669,930
Net result for the year
+€426,961
Depreciation
+€30,264
Receivables within one year
-€34,373
Deferred charges and accrued income
-€4,496
Trade debts
+€15,734
Tax, wage and social debts
+€22,190
Advances received
+€28,808
Other debts
+€200,000
Accrued charges and deferred income
-€15,158
Investment (derived)
+€14,502
Investment in fixed assets (net)
+€14,502
Financing
-€306,400
Contributions, distributions and other
-€306,400
Cash 2025
€1.1m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,320,038 | €1,692,173 | +€372,135 | +28.2% |
| Fixed assets | 21/28 | €177,002 | €132,236 | -€44,766 | -25.3% |
| Intangible fixed assets | 21 | €84,690 | €73,190 | -€11,500 | -13.6% |
| Tangible fixed assets | 22/27 | €77,912 | €56,086 | -€21,826 | -28.0% |
| Plant, machinery and equipment | 23 | €73,617 | €56,086 | -€17,531 | -23.8% |
| Furniture and vehicles | 24 | €4,295 | €0 | -€4,295 | -100% |
| Financial fixed assets | 28 | €14,400 | €2,960 | -€11,440 | -79.4% |
| Affiliated companies | 280/1 | €12,400 | €0 | -€12,400 | -100% |
| Participating interests | 280 | €12,400 | €0 | -€12,400 | -100% |
| Other financial fixed assets | 284/8 | €2,000 | €2,960 | +€960 | +48.0% |
| Amounts receivable and cash guarantees | 285/8 | €2,000 | €2,960 | +€960 | +48.0% |
| Current assets | 29/58 | €1,143,035 | €1,559,937 | +€416,901 | +36.5% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Stocks | 30/36 | €0 | - | = | |
| Goods purchased for resale | 34 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €383,095 | €417,468 | +€34,373 | +9.0% |
| Trade receivables | 40 | €365,982 | €409,123 | +€43,140 | +11.8% |
| Other amounts receivable | 41 | €17,113 | €8,345 | -€8,768 | -51.2% |
| Cash at bank and in hand | 54/58 | €757,002 | €1,135,034 | +€378,032 | +49.9% |
| Deferred charges and accrued income | 490/1 | €2,939 | €7,435 | +€4,496 | +153% |
| Total equity and liabilities | 10/49 | €1,320,038 | €1,692,173 | +€372,135 | +28.2% |
| Equity | 10/15 | €917,079 | €1,037,641 | +€120,561 | +13.1% |
| Contributions | 10/11 | €6,197 | €6,200 | +€3 | 0.0% |
| Reserves | 13 | €111,518 | €110,740 | -€778 | -0.7% |
| Tax-exempt reserves | 132 | €18,750 | €18,619 | -€131 | -0.7% |
| Distributable reserves | 133 | €92,768 | €92,121 | -€647 | -0.7% |
| Profit (loss) carried forward | 14 | €799,364 | €920,701 | +€121,337 | +15.2% |
| Amounts payable | 17/49 | €402,958 | €654,532 | +€251,574 | +62.4% |
| Amounts payable within one year | 42/48 | €387,800 | €654,532 | +€266,732 | +68.8% |
| Trade debts | 44 | €184,017 | €199,751 | +€15,734 | +8.6% |
| Suppliers | 440/4 | €184,017 | €199,751 | +€15,734 | +8.6% |
| Advances received on contracts in progress | 46 | €14,521 | €43,329 | +€28,808 | +198% |
| Taxes, remuneration and social security | 45 | €89,262 | €111,452 | +€22,190 | +24.9% |
| Taxes | 450/3 | €28,491 | €62,961 | +€34,470 | +121% |
| Remuneration and social security | 454/9 | €60,771 | €48,492 | -€12,279 | -20.2% |
| Other amounts payable | 47/48 | €100,000 | €300,000 | +€200,000 | +200% |
| Accrued charges and deferred income | 492/3 | €15,158 | €0 | -€15,158 | -100% |
| Operating income | 70/76A | €4,074,956 | €4,069,286 | -€5,671 | -0.1% |
| Turnover | 70 | €4,041,585 | €3,984,596 | -€56,989 | -1.4% |
| Other operating income | 74 | €32,117 | €84,689 | +€52,572 | +164% |
| Non-recurring operating income | 76A | €1,254 | €0 | -€1,254 | -100% |
| Operating charges | 60/66A | €3,783,571 | €3,598,270 | -€185,301 | -4.9% |
| Goods for resale, raw materials and consumables | 60 | €2,829,174 | €2,743,488 | -€85,685 | -3.0% |
| Purchases | 600/8 | €2,828,749 | €2,738,998 | -€89,751 | -3.2% |
| Change in stocks: decrease (increase) | 609 | €424 | €4,490 | +€4,066 | +958% |
| Services and other goods | 61 | €406,178 | €359,844 | -€46,334 | -11.4% |
| Remuneration, social security and pensions | 62 | €491,703 | €454,635 | -€37,068 | -7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,447 | €30,264 | -€3,184 | -9.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,490 | -€4,490 | -€8,981 | |
| Other operating charges | 640/8 | €18,457 | €14,471 | -€3,985 | -21.6% |
| Non-recurring operating charges | 66A | €122 | €58 | -€64 | -52.3% |
| Operating profit (loss) | 9901 | €291,386 | €471,016 | +€179,630 | +61.6% |
| Financial income | 75/76B | €273 | €14,102 | +€13,830 | +5,067% |
| Recurring financial income | 75 | €273 | €14,102 | +€13,830 | +5,067% |
| Income from current assets | 751 | - | €180 | +€180 | |
| Other financial income | 752/9 | €273 | €13,922 | +€13,650 | +5,001% |
| Financial charges | 65/66B | €8,644 | €8,513 | -€131 | -1.5% |
| Recurring financial charges | 65 | €8,644 | €8,513 | -€131 | -1.5% |
| Debt charges | 650 | €0 | - | = | |
| Other financial charges | 652/9 | €8,644 | €8,513 | -€131 | -1.5% |
| Profit (loss) for the period before taxes | 9903 | €283,015 | €476,605 | +€193,590 | +68.4% |
| Income taxes | 67/77 | €53,629 | €49,644 | -€3,985 | -7.4% |
| Taxes | 670/3 | €53,629 | €49,734 | -€3,894 | -7.3% |
| Tax adjustments and reversals of tax provisions | 77 | €0 | €91 | +€91 | |
| Profit (loss) for the period | 9904 | €229,386 | €426,961 | +€197,575 | +86.1% |
| Profit (loss) for the period to be appropriated | 9905 | €229,386 | €426,961 | +€197,575 | +86.1% |
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 18 October 2026 via checked.be.