TRADOLINO: 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.
TRADOLINO
Largest movements
- Current investments +€500,000
new in 2025: €500,000
- Stocks and contracts -€459,097
down €459,097 (-32.6%), from €1.4m to €949,881
- Cash +€35,762
up €35,762 (+15.5%), from €230,424 to €266,186
mainly Net result for the year (+€539,468) and Stocks and contracts (+€459,097)
- Reserves +€567,689
up €567,689 (+134.3%), from €422,811 to €990,500
of which Distributable reserves: +€890,000
- Current portion of long-term debt -€554,139
no longer reported in 2025 (was €554,139)
- Tax, wage and social debts +€261,030
up €261,030 (+36890.5%), from €708 to €261,738
- Provisions -€107,437
no longer reported in 2025 (was €107,437)
- Other debts -€65,995
down €65,995 (-12.5%), from €529,285 to €463,289
- Gross operating margin +€505,743
up €505,743 (+222.7%), from €227,092 to €732,836
- Taxes +€261,482
up €261,482 (+18033250.3%), from €1 to €261,484
- Financial charges -€26,208
down €26,208 (-47.5%), from €55,154 to €28,945
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 | €1,660,651 | €1,733,106 | +€72,455 | +4.4% |
| Fixed assets | 21/28 | €8,711 | €8,711 | = | 0.0% |
| Tangible fixed assets | 22/27 | €3,000 | €3,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €3,000 | €3,000 | = | 0.0% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Financial fixed assets | 28 | €5,711 | €5,711 | = | 0.0% |
| Current assets | 29/58 | €1,651,940 | €1,724,396 | +€72,455 | +4.4% |
| Stocks and contracts in progress | 3 | €1,408,978 | €949,881 | -€459,097 | -32.6% |
| Stocks | 30/36 | €1,408,978 | €949,881 | -€459,097 | -32.6% |
| Amounts receivable within one year | 40/41 | €12,537 | €6,838 | -€5,700 | -45.5% |
| Trade receivables | 40 | €12,285 | €6,585 | -€5,700 | -46.4% |
| Other amounts receivable | 41 | €252 | €252 | = | 0.0% |
| Current investments | 50/53 | - | €500,000 | +€500,000 | |
| Cash at bank and in hand | 54/58 | €230,424 | €266,186 | +€35,762 | +15.5% |
| Deferred charges and accrued income | 490/1 | - | €1,490 | +€1,490 | |
| Total equity and liabilities | 10/49 | €1,660,651 | €1,733,106 | +€72,455 | +4.4% |
| Equity | 10/15 | €467,077 | €1,006,544 | +€539,468 | +115.5% |
| Contributions | 10/11 | €14,300 | €14,300 | = | 0.0% |
| Reserves | 13 | €422,811 | €990,500 | +€567,689 | +134.3% |
| Tax-exempt reserves | 132 | €322,311 | - | -€322,311 | |
| Distributable reserves | 133 | €100,500 | €990,500 | +€890,000 | +885.6% |
| Profit (loss) carried forward | 14 | €29,966 | €1,744 | -€28,221 | -94.2% |
| Provisions and deferred taxes | 16 | €107,437 | - | -€107,437 | |
| Deferred taxes | 168 | €107,437 | - | -€107,437 | |
| Amounts payable | 17/49 | €1,086,137 | €726,562 | -€359,575 | -33.1% |
| Amounts payable within one year | 42/48 | €1,086,137 | €726,562 | -€359,575 | -33.1% |
| Current portion of amounts payable after more than one year | 42 | €554,139 | - | -€554,139 | |
| Trade debts | 44 | €2,005 | €1,535 | -€471 | -23.5% |
| Suppliers | 440/4 | €2,005 | €1,535 | -€471 | -23.5% |
| Taxes, remuneration and social security | 45 | €708 | €261,738 | +€261,030 | +36890.5% |
| Taxes | 450/3 | €708 | €261,738 | +€261,030 | +36890.5% |
| Other amounts payable | 47/48 | €529,285 | €463,289 | -€65,995 | -12.5% |
| Other operating charges | 640/8 | €18,395 | €13,655 | -€4,740 | -25.8% |
| Gross operating margin | 9900 | €227,092 | €732,836 | +€505,743 | +222.7% |
| Operating profit (loss) | 9901 | €208,697 | €719,181 | +€510,484 | +244.6% |
| Financial income | 75/76B | €918 | €3,279 | +€2,361 | +257.1% |
| Recurring financial income | 75 | €918 | €3,279 | +€2,361 | +257.1% |
| Financial charges | 65/66B | €55,154 | €28,945 | -€26,208 | -47.5% |
| Recurring financial charges | 65 | €55,154 | €28,945 | -€26,208 | -47.5% |
| Profit (loss) for the period before taxes | 9903 | €154,461 | €693,514 | +€539,053 | +349.0% |
| Transfer from deferred taxes | 780 | - | €107,437 | +€107,437 | |
| Income taxes | 67/77 | €1 | €261,484 | +€261,482 | +18033250.3% |
| Profit (loss) for the period | 9904 | €154,460 | €539,468 | +€385,008 | +249.3% |
| Transfer from tax-exempt reserves | 789 | - | €322,311 | +€322,311 | |
| Profit (loss) for the period to be appropriated | 9905 | €154,460 | €861,779 | +€707,319 | +457.9% |
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 12 October 2026 via checked.be.