Tradition KD: 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.
Tradition KD
Largest movements
- Tangible fixed assets -€13,192
down €13,192 (-26.5%), from €49,752 to €36,560
of which Furniture and vehicles: -€12,036
- Receivables within one year -€7,668
down €7,668 (-35.6%), from €21,553 to €13,885
- Cash +€2,614
up €2,614 (+5.3%), from €49,737 to €52,351
mainly Net result for the year (+€35,254) and Depreciation (+€13,192)
- Debts after one year -€10,095
down €10,095 (-31.3%), from €32,205 to €22,110
- Tax, wage and social debts -€7,687
down €7,687 (-40.0%), from €19,207 to €11,521
of which Taxes: -€7,487
- Reserves -€4,746
down €4,746 (-92.6%), from €5,124 to €378
- Other debts +€2,411
up €2,411 (+7.1%), from €34,019 to €36,430
- Short-term financial debts +€1,341
up €1,341 (+66.0%), from €2,031 to €3,372
- Gross operating margin -€8,021
down €8,021 (-11.6%), from €69,420 to €61,399
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 | €123,182 | €104,470 | -€18,712 | -15.2% |
| Fixed assets | 21/28 | €49,752 | €36,560 | -€13,192 | -26.5% |
| Tangible fixed assets | 22/27 | €49,752 | €36,560 | -€13,192 | -26.5% |
| Furniture and vehicles | 24 | €46,853 | €34,817 | -€12,036 | -25.7% |
| Other tangible fixed assets | 26 | €2,899 | €1,743 | -€1,156 | -39.9% |
| Current assets | 29/58 | €73,430 | €67,909 | -€5,520 | -7.5% |
| Amounts receivable within one year | 40/41 | €21,553 | €13,885 | -€7,668 | -35.6% |
| Trade receivables | 40 | €21,553 | €13,885 | -€7,668 | -35.6% |
| Cash at bank and in hand | 54/58 | €49,737 | €52,351 | +€2,614 | +5.3% |
| Deferred charges and accrued income | 490/1 | €2,139 | €1,674 | -€466 | -21.8% |
| Total equity and liabilities | 10/49 | €123,182 | €104,470 | -€18,712 | -15.2% |
| Equity | 10/15 | €23,724 | €18,978 | -€4,746 | -20.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €5,124 | €378 | -€4,746 | -92.6% |
| Distributable reserves | 133 | €5,124 | €378 | -€4,746 | -92.6% |
| Amounts payable | 17/49 | €99,458 | €85,492 | -€13,966 | -14.0% |
| Amounts payable after more than one year | 17 | €32,205 | €22,110 | -€10,095 | -31.3% |
| Financial debts | 170/4 | €32,205 | €22,110 | -€10,095 | -31.3% |
| Amounts payable within one year | 42/48 | €67,253 | €63,381 | -€3,871 | -5.8% |
| Current portion of amounts payable after more than one year | 42 | €9,774 | €10,095 | +€321 | +3.3% |
| Financial debts | 43 | €2,031 | €3,372 | +€1,341 | +66.0% |
| Credit institutions | 430/8 | €2,031 | €3,372 | +€1,341 | +66.0% |
| Trade debts | 44 | €2,222 | €1,963 | -€258 | -11.6% |
| Suppliers | 440/4 | €2,222 | €1,963 | -€258 | -11.6% |
| Taxes, remuneration and social security | 45 | €19,207 | €11,521 | -€7,687 | -40.0% |
| Taxes | 450/3 | €17,127 | €9,640 | -€7,487 | -43.7% |
| Remuneration and social security | 454/9 | €2,080 | €1,880 | -€200 | -9.6% |
| Other amounts payable | 47/48 | €34,019 | €36,430 | +€2,411 | +7.1% |
| Non-recurring operating income | 76A | €3,371 | - | -€3,371 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,131 | €13,192 | +€61 | +0.5% |
| Other operating charges | 640/8 | €787 | €872 | +€86 | +10.9% |
| Gross operating margin | 9900 | €69,420 | €61,399 | -€8,021 | -11.6% |
| Operating profit (loss) | 9901 | €55,503 | €47,335 | -€8,167 | -14.7% |
| Financial charges | 65/66B | €1,716 | €1,542 | -€174 | -10.1% |
| Recurring financial charges | 65 | €1,716 | €1,542 | -€174 | -10.1% |
| Profit (loss) for the period before taxes | 9903 | €53,787 | €45,794 | -€7,993 | -14.9% |
| Income taxes | 67/77 | €11,163 | €10,539 | -€624 | -5.6% |
| Profit (loss) for the period | 9904 | €42,624 | €35,254 | -€7,370 | -17.3% |
| Profit (loss) for the period to be appropriated | 9905 | €42,624 | €35,254 | -€7,370 | -17.3% |
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 19 October 2026 via checked.be.