TRADIVARIUS: 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.
TRADIVARIUS
Largest movements
- Tangible fixed assets +€20,287
up €20,287 (+607%), from €3,344 to €23,631
of which Furniture and vehicles: +€21,475
- Cash +€18,900
up €18,900 (+33.1%), from €57,028 to €75,928
mainly Net result for the year (+€23,236) and Depreciation (+€7,357)
- Receivables within one year +€11,084
up €11,084 (+21.4%), from €51,836 to €62,920
of which Trade receivables: +€10,460
- Reserves +€23,236
up €23,236 (+29.3%), from €79,360 to €102,596
of which Distributable reserves: +€25,096
- Debts after one year +€7,307
new in 2025: €7,307
- Trade debts +€6,676
up €6,676 (+56.2%), from €11,874 to €18,551
- Other debts +€6,643
up €6,643 (+42.9%), from €15,495 to €22,138
- Current portion of long-term debt +€4,915
new in 2025: €4,915
- Gross operating margin +€32,513
up €32,513 (+1,127%), from €2,885 to €35,398
- Depreciation +€5,318
up €5,318 (+261%), from €2,039 to €7,357
- Taxes +€2,331
up €2,331 (+1,015%), from €230 to €2,561
- Financial charges -€923
down €923 (-66.2%), from €1,395 to €472
- Other operating charges +€743
up €743 (+72.2%), from €1,029 to €1,772
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 | €121,035 | €170,868 | +€49,834 | +41.2% |
| Fixed assets | 21/28 | €11,291 | €31,160 | +€19,870 | +176% |
| Intangible fixed assets | 21 | €747 | €330 | -€417 | -55.8% |
| Tangible fixed assets | 22/27 | €3,344 | €23,631 | +€20,287 | +607% |
| Furniture and vehicles | 24 | €229 | €21,704 | +€21,475 | +9,369% |
| Other tangible fixed assets | 26 | €3,115 | €1,926 | -€1,189 | -38.2% |
| Financial fixed assets | 28 | €7,200 | €7,200 | = | 0.0% |
| Current assets | 29/58 | €109,744 | €139,708 | +€29,964 | +27.3% |
| Amounts receivable within one year | 40/41 | €51,836 | €62,920 | +€11,084 | +21.4% |
| Trade receivables | 40 | €18,007 | €28,467 | +€10,460 | +58.1% |
| Other amounts receivable | 41 | €33,829 | €34,453 | +€624 | +1.8% |
| Cash at bank and in hand | 54/58 | €57,028 | €75,928 | +€18,900 | +33.1% |
| Deferred charges and accrued income | 490/1 | €880 | €860 | -€20 | -2.3% |
| Total equity and liabilities | 10/49 | €121,035 | €170,868 | +€49,834 | +41.2% |
| Equity | 10/15 | €85,954 | €109,190 | +€23,236 | +27.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €79,360 | €102,596 | +€23,236 | +29.3% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €77,500 | €102,596 | +€25,096 | +32.4% |
| Profit (loss) carried forward | 14 | €394 | €394 | = | 0.0% |
| Amounts payable | 17/49 | €35,081 | €61,679 | +€26,598 | +75.8% |
| Amounts payable after more than one year | 17 | - | €7,307 | +€7,307 | |
| Financial debts | 170/4 | - | €7,307 | +€7,307 | |
| Amounts payable within one year | 42/48 | €33,799 | €54,371 | +€20,572 | +60.9% |
| Current portion of amounts payable after more than one year | 42 | - | €4,915 | +€4,915 | |
| Trade debts | 44 | €11,874 | €18,551 | +€6,676 | +56.2% |
| Suppliers | 440/4 | €11,874 | €18,551 | +€6,676 | +56.2% |
| Advances received on contracts in progress | 46 | €970 | €970 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €5,459 | €7,797 | +€2,338 | +42.8% |
| Taxes | 450/3 | €5,459 | €7,797 | +€2,338 | +42.8% |
| Other amounts payable | 47/48 | €15,495 | €22,138 | +€6,643 | +42.9% |
| Accrued charges and deferred income | 492/3 | €1,282 | - | -€1,282 | |
| Non-recurring operating income | 76A | - | €1,500 | +€1,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,039 | €7,357 | +€5,318 | +261% |
| Other operating charges | 640/8 | €1,029 | €1,772 | +€743 | +72.2% |
| Gross operating margin | 9900 | €2,885 | €35,398 | +€32,513 | +1,127% |
| Operating profit (loss) | 9901 | -€184 | €26,269 | +€26,453 | |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €1,395 | €472 | -€923 | -66.2% |
| Recurring financial charges | 65 | €1,395 | €472 | -€923 | -66.2% |
| Profit (loss) for the period before taxes | 9903 | -€1,578 | €25,797 | +€27,375 | |
| Income taxes | 67/77 | €230 | €2,561 | +€2,331 | +1,015% |
| Profit (loss) for the period | 9904 | -€1,808 | €23,236 | +€25,044 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,808 | €23,236 | +€25,044 |
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 23 October 2026 via checked.be.