TRADING DESIGN ENGINEERING AND SERVICES: what changed
TRADING DESIGN ENGINEERING AND SERVICES
Largest movements
- Receivables within one year -€96,023
down €96,023 (-51.9%), from €185,132 to €89,109
of which Trade receivables: -€82,508
- Cash +€26,081
up €26,081 (+111%), from €23,404 to €49,485
mainly Receivables within one year (+€96,023) and Accrued charges and deferred income (+€4,184)
- Profit (loss) carried forward -€31,188
down €31,188, from €21,556 to -€9,631
- Other debts -€18,710
down €18,710 (-15.7%), from €118,845 to €100,135
- Trade debts -€15,366
down €15,366 (-43.4%), from €35,424 to €20,057
- Tax, wage and social debts -€6,678
down €6,678 (-12.3%), from €54,204 to €47,526
of which Taxes: -€5,894
- Accrued charges and deferred income +€4,184
up €4,184 (+342%), from €1,225 to €5,408
- Gross operating margin -€36,993
down €36,993 (-26.6%), from €138,954 to €101,961
- Staff costs +€27,130
up €27,130 (+26.2%), from €103,546 to €130,677
- Taxes -€10,378
no longer reported in 2025 (was €10,378)
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €259,854 | €192,095 | -€67,758 | -26.1% |
| Fixed assets | 21/28 | €1,318 | €2,503 | +€1,186 | +90.0% |
| Intangible fixed assets | 21 | €898 | €498 | -€400 | -44.6% |
| Tangible fixed assets | 22/27 | - | €1,586 | +€1,586 | |
| Furniture and vehicles | 24 | - | €1,586 | +€1,586 | |
| Financial fixed assets | 28 | €420 | €420 | = | 0.0% |
| Current assets | 29/58 | €258,536 | €189,592 | -€68,944 | -26.7% |
| Stocks and contracts in progress | 3 | €50,000 | €50,000 | = | 0.0% |
| Stocks | 30/36 | €50,000 | €50,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €185,132 | €89,109 | -€96,023 | -51.9% |
| Trade receivables | 40 | €164,198 | €81,691 | -€82,508 | -50.2% |
| Other amounts receivable | 41 | €20,934 | €7,419 | -€13,515 | -64.6% |
| Cash at bank and in hand | 54/58 | €23,404 | €49,485 | +€26,081 | +111% |
| Deferred charges and accrued income | 490/1 | - | €998 | +€998 | |
| Total equity and liabilities | 10/49 | €259,854 | €192,095 | -€67,758 | -26.1% |
| Equity | 10/15 | €50,156 | €18,969 | -€31,188 | -62.2% |
| Contributions | 10/11 | €28,600 | €28,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,556 | -€9,631 | -€31,188 | |
| Amounts payable | 17/49 | €209,697 | €173,127 | -€36,571 | -17.4% |
| Amounts payable within one year | 42/48 | €208,473 | €167,718 | -€40,754 | -19.5% |
| Trade debts | 44 | €35,424 | €20,057 | -€15,366 | -43.4% |
| Suppliers | 440/4 | €35,424 | €20,057 | -€15,366 | -43.4% |
| Taxes, remuneration and social security | 45 | €54,204 | €47,526 | -€6,678 | -12.3% |
| Taxes | 450/3 | €21,823 | €15,929 | -€5,894 | -27.0% |
| Remuneration and social security | 454/9 | €32,381 | €31,597 | -€784 | -2.4% |
| Other amounts payable | 47/48 | €118,845 | €100,135 | -€18,710 | -15.7% |
| Accrued charges and deferred income | 492/3 | €1,225 | €5,408 | +€4,184 | +342% |
| Remuneration, social security and pensions | 62 | €103,546 | €130,677 | +€27,130 | +26.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €400 | €493 | +€93 | +23.3% |
| Other operating charges | 640/8 | €1,448 | €808 | -€639 | -44.2% |
| Gross operating margin | 9900 | €138,954 | €101,961 | -€36,993 | -26.6% |
| Operating profit (loss) | 9901 | €33,560 | -€30,017 | -€63,577 | |
| Financial charges | 65/66B | €1,120 | €1,170 | +€50 | +4.4% |
| Recurring financial charges | 65 | €1,120 | €1,170 | +€50 | +4.4% |
| Profit (loss) for the period before taxes | 9903 | €32,439 | -€31,188 | -€63,627 | |
| Income taxes | 67/77 | €10,378 | - | -€10,378 | |
| Profit (loss) for the period | 9904 | €22,061 | -€31,188 | -€53,249 | |
| Profit (loss) for the period to be appropriated | 9905 | €22,061 | -€31,188 | -€53,249 |
Next steps
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 5 November 2026 via checked.be.