TRADISOL: 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.
TRADISOL
Largest movements
- Receivables within one year +€168,213
up €168,213 (+115%), from €146,573 to €314,786
of which Trade receivables: +€192,125
- Cash -€71,405
down €71,405 (-75.1%), from €95,067 to €23,662
mainly Receivables within one year (-€168,213) and Investment in fixed assets (net) (-€98,315)
- Deferred charges and accrued income +€48,747
up €48,747 (+685%), from €7,120 to €55,867
- Tangible fixed assets +€12,448
up €12,448 (+3.5%), from €356,162 to €368,610
of which Furniture and vehicles: +€50,314
- Profit (loss) carried forward +€166,266
new in 2024: €166,266
- Debts after one year -€52,014
down €52,014 (-40.5%), from €128,421 to €76,406
- Tax, wage and social debts +€42,396
up €42,396 (+50.0%), from €84,713 to €127,109
of which Taxes: +€39,843
- Trade debts +€14,693
up €14,693 (+19.5%), from €75,189 to €89,882
- Gross operating margin +€84,267
up €84,267 (+27.9%), from €302,429 to €386,696
- Depreciation +€26,186
up €26,186 (+43.4%), from €60,291 to €86,477
- Staff costs +€6,238
up €6,238 (+10.4%), from €60,065 to €66,302
- Taxes +€4,933
up €4,933 (+9.5%), from €51,798 to €56,732
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €615,512 | €769,182 | +€153,670 | +25.0% |
| Formation expenses | 20 | €2,367 | €1,757 | -€610 | -25.8% |
| Fixed assets | 21/28 | €356,162 | €368,610 | +€12,448 | +3.5% |
| Tangible fixed assets | 22/27 | €356,162 | €368,610 | +€12,448 | +3.5% |
| Plant, machinery and equipment | 23 | €211,791 | €173,925 | -€37,866 | -17.9% |
| Furniture and vehicles | 24 | €144,371 | €194,685 | +€50,314 | +34.9% |
| Current assets | 29/58 | €256,983 | €398,815 | +€141,832 | +55.2% |
| Amounts receivable after more than one year | 29 | €6,000 | €4,500 | -€1,500 | -25.0% |
| Trade receivables | 290 | €6,000 | €4,500 | -€1,500 | -25.0% |
| Stocks and contracts in progress | 3 | €2,223 | - | -€2,223 | |
| Stocks | 30/36 | €2,223 | - | -€2,223 | |
| Amounts receivable within one year | 40/41 | €146,573 | €314,786 | +€168,213 | +115% |
| Trade receivables | 40 | €109,393 | €301,518 | +€192,125 | +176% |
| Other amounts receivable | 41 | €37,180 | €13,268 | -€23,912 | -64.3% |
| Cash at bank and in hand | 54/58 | €95,067 | €23,662 | -€71,405 | -75.1% |
| Deferred charges and accrued income | 490/1 | €7,120 | €55,867 | +€48,747 | +685% |
| Total equity and liabilities | 10/49 | €615,512 | €769,182 | +€153,670 | +25.0% |
| Equity | 10/15 | €253,176 | €419,442 | +€166,266 | +65.7% |
| Contributions | 10/11 | €110,000 | €110,000 | = | 0.0% |
| Reserves | 13 | €143,176 | €143,176 | = | 0.0% |
| Distributable reserves | 133 | €143,176 | €143,176 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €166,266 | +€166,266 | |
| Amounts payable | 17/49 | €362,336 | €349,740 | -€12,596 | -3.5% |
| Amounts payable after more than one year | 17 | €128,421 | €76,406 | -€52,014 | -40.5% |
| Financial debts | 170/4 | €128,421 | €76,406 | -€52,014 | -40.5% |
| Amounts payable within one year | 42/48 | €233,916 | €273,235 | +€39,319 | +16.8% |
| Current portion of amounts payable after more than one year | 42 | €57,503 | €52,014 | -€5,489 | -9.5% |
| Trade debts | 44 | €75,189 | €89,882 | +€14,693 | +19.5% |
| Suppliers | 440/4 | €75,189 | €89,882 | +€14,693 | +19.5% |
| Advances received on contracts in progress | 46 | €5,912 | - | -€5,912 | |
| Taxes, remuneration and social security | 45 | €84,713 | €127,109 | +€42,396 | +50.0% |
| Taxes | 450/3 | €68,741 | €108,584 | +€39,843 | +58.0% |
| Remuneration and social security | 454/9 | €15,972 | €18,525 | +€2,552 | +16.0% |
| Other amounts payable | 47/48 | €10,599 | €4,230 | -€6,369 | -60.1% |
| Accrued charges and deferred income | 492/3 | - | €99 | +€99 | |
| Remuneration, social security and pensions | 62 | €60,065 | €66,302 | +€6,238 | +10.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,291 | €86,477 | +€26,186 | +43.4% |
| Other operating charges | 640/8 | €2,979 | €4,285 | +€1,306 | +43.8% |
| Gross operating margin | 9900 | €302,429 | €386,696 | +€84,267 | +27.9% |
| Operating profit (loss) | 9901 | €179,094 | €229,632 | +€50,538 | +28.2% |
| Financial income | 75/76B | €41 | €80 | +€39 | +93.0% |
| Recurring financial income | 75 | €41 | €80 | +€39 | +93.0% |
| Financial charges | 65/66B | €5,138 | €6,714 | +€1,577 | +30.7% |
| Recurring financial charges | 65 | €5,138 | €6,714 | +€1,577 | +30.7% |
| Profit (loss) for the period before taxes | 9903 | €173,998 | €222,998 | +€49,000 | +28.2% |
| Income taxes | 67/77 | €51,798 | €56,732 | +€4,933 | +9.5% |
| Profit (loss) for the period | 9904 | €122,200 | €166,266 | +€44,067 | +36.1% |
| Profit (loss) for the period to be appropriated | 9905 | €122,200 | €166,266 | +€44,067 | +36.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.