Tradix: what changed
Two fiscal 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.
Tradix
Largest movements
- Receivables within one year -€54,865
down €54,865 (-39.1%), from €140,268 to €85,403
of which Trade receivables: -€44,919
- Stocks and contracts +€16,101
up €16,101 (+29.7%), from €54,207 to €70,308
- Tangible fixed assets -€7,568
down €7,568 (-16.3%), from €46,499 to €38,931
of which Other tangible fixed assets: -€4,794
- Cash -€7,296
down €7,296 (-9.8%), from €74,567 to €67,270
mainly Short-term financial debts (-€42,500) and Tax, wage and social debts (-€25,556)
- Short-term financial debts -€42,500
down €42,500 (-45.9%), from €92,500 to €50,000
- Tax, wage and social debts -€25,556
down €25,556 (-55.1%), from €46,419 to €20,863
- Profit (loss) carried forward +€19,258
new in 2025: €19,258
- Current portion of long-term debt -€17,525
down €17,525 (-58.3%), from €30,059 to €12,534
- Debts after one year +€14,746
up €14,746 (+46.5%), from €31,712 to €46,458
- Turnover -€128,083
down €128,083 (-20.2%), from €632,792 to €504,709
- Purchases and services -€80,565
down €80,565 (-20.9%), from €385,176 to €304,611
- Financial income -€47,605
down €47,605 (-100.0%), from €47,605 to €0
of which Financial income: -€47,605
- Other operating charges -€41,596
down €41,596 (-88.0%), from €47,266 to €5,670
- Gross operating margin -€27,528
down €27,528 (-10.8%), from €254,625 to €227,097
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.
Cash bridge derived
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 | €323,851 | €267,114 | -€56,737 | -17.5% |
| Fixed assets | 21/28 | €51,701 | €44,133 | -€7,568 | -14.6% |
| Tangible fixed assets | 22/27 | €46,499 | €38,931 | -€7,568 | -16.3% |
| Furniture and vehicles | 24 | €30,777 | €28,002 | -€2,775 | -9.0% |
| Other tangible fixed assets | 26 | €15,722 | €10,929 | -€4,794 | -30.5% |
| Financial fixed assets | 28 | €5,202 | €5,202 | = | 0.0% |
| Current assets | 29/58 | €272,150 | €222,981 | -€49,169 | -18.1% |
| Stocks and contracts in progress | 3 | €54,207 | €70,308 | +€16,101 | +29.7% |
| Stocks | 30/36 | €54,207 | €70,308 | +€16,101 | +29.7% |
| Amounts receivable within one year | 40/41 | €140,268 | €85,403 | -€54,865 | -39.1% |
| Trade receivables | 40 | €122,127 | €77,208 | -€44,919 | -36.8% |
| Other amounts receivable | 41 | €18,141 | €8,195 | -€9,946 | -54.8% |
| Cash at bank and in hand | 54/58 | €74,567 | €67,270 | -€7,296 | -9.8% |
| Deferred charges and accrued income | 490/1 | €3,109 | €0 | -€3,109 | -100.0% |
| Total equity and liabilities | 10/49 | €323,851 | €267,114 | -€56,737 | -17.5% |
| Equity | 10/15 | €76,585 | €96,197 | +€19,612 | +25.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €14,585 | €14,940 | +€355 | +2.4% |
| Non-distributable reserves | 130/1 | €8,076 | €8,431 | +€355 | +4.4% |
| Legal reserve | 130 | €5,845 | €6,200 | +€355 | +6.1% |
| Reserves not available under the articles | 1311 | €2,231 | €2,231 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,509 | €6,509 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €19,258 | +€19,258 | |
| Amounts payable | 17/49 | €247,266 | €170,916 | -€76,350 | -30.9% |
| Amounts payable after more than one year | 17 | €31,712 | €46,458 | +€14,746 | +46.5% |
| Financial debts | 170/4 | €31,712 | €46,458 | +€14,746 | +46.5% |
| Amounts payable within one year | 42/48 | €205,924 | €124,215 | -€81,709 | -39.7% |
| Current portion of amounts payable after more than one year | 42 | €30,059 | €12,534 | -€17,525 | -58.3% |
| Financial debts | 43 | €92,500 | €50,000 | -€42,500 | -45.9% |
| Credit institutions | 430/8 | €92,500 | €50,000 | -€42,500 | -45.9% |
| Trade debts | 44 | €29,231 | €40,757 | +€11,526 | +39.4% |
| Suppliers | 440/4 | €29,231 | €40,757 | +€11,526 | +39.4% |
| Taxes, remuneration and social security | 45 | €46,419 | €20,863 | -€25,556 | -55.1% |
| Remuneration and social security | 454/9 | €46,419 | €20,863 | -€25,556 | -55.1% |
| Other amounts payable | 47/48 | €7,714 | €60 | -€7,654 | -99.2% |
| Accrued charges and deferred income | 492/3 | €9,630 | €244 | -€9,387 | -97.5% |
| Turnover | 70 | €632,792 | €504,709 | -€128,083 | -20.2% |
| Non-recurring operating income | 76A | €7,009 | €27,000 | +€19,991 | +285.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €385,176 | €304,611 | -€80,565 | -20.9% |
| Remuneration, social security and pensions | 62 | €164,021 | €182,634 | +€18,613 | +11.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,462 | €12,740 | +€1,277 | +11.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€31,142 | -€7,664 | +€23,478 | +75.4% |
| Other operating charges | 640/8 | €47,266 | €5,670 | -€41,596 | -88.0% |
| Non-recurring operating charges | 66A | €7,832 | €3,555 | -€4,277 | -54.6% |
| Gross operating margin | 9900 | €254,625 | €227,097 | -€27,528 | -10.8% |
| Operating profit (loss) | 9901 | €55,186 | €30,162 | -€25,024 | -45.3% |
| Financial income | 75/76B | €47,605 | €0 | -€47,605 | -100.0% |
| Recurring financial income | 75 | €47,605 | €0 | -€47,605 | -100.0% |
| Non-recurring financial income | 76B | €47,605 | €0 | -€47,605 | -100.0% |
| Financial charges | 65/66B | €14,856 | €9,551 | -€5,306 | -35.7% |
| Recurring financial charges | 65 | €14,303 | €9,551 | -€4,752 | -33.2% |
| Non-recurring financial charges | 66B | €553 | €0 | -€553 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €87,935 | €20,611 | -€67,323 | -76.6% |
| Income taxes | 67/77 | -€64 | €999 | +€1,063 | |
| Profit (loss) for the period | 9904 | €87,999 | €19,612 | -€68,387 | -77.7% |
| Profit (loss) for the period to be appropriated | 9905 | €87,999 | €19,612 | -€68,387 | -77.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.