TRADU-ELEC: 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.
TRADU-ELEC
Largest movements
- Deferred charges and accrued income +€30,188
new in 2025: €30,188
- Tangible fixed assets -€30,096
down €30,096 (-14.0%), from €215,394 to €185,298
of which Furniture and vehicles: -€20,544
- Cash +€16,618
up €16,618 (+17.2%), from €96,429 to €113,047
mainly Net result for the year (+€78,783) and Other debts (+€23,190)
- Reserves +€41,000
up €41,000 (+10.1%), from €407,570 to €448,570
of which Distributable reserves: +€41,000
- Tax, wage and social debts -€29,004
down €29,004 (-62.1%), from €46,671 to €17,668
of which Taxes: -€21,008
- Other debts +€23,190
up €23,190 (+215%), from €10,810 to €34,000
- Debts after one year -€18,658
down €18,658 (-18.2%), from €102,434 to €83,776
- Trade debts -€7,976
down €7,976 (-28.9%), from €27,622 to €19,646
- Gross operating margin -€27,426
down €27,426 (-10.4%), from €263,607 to €236,181
- Depreciation -€26,384
down €26,384 (-70.0%), from €37,674 to €11,290
- Staff costs -€25,418
down €25,418 (-15.0%), from €169,176 to €143,758
- Financial income -€17,984
down €17,984 (-35.5%), from €50,625 to €32,640
- Financial charges +€4,918
up €4,918 (+128%), from €3,829 to €8,746
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 | €631,838 | €649,530 | +€17,692 | +2.8% |
| Fixed assets | 21/28 | €480,394 | €450,298 | -€30,096 | -6.3% |
| Tangible fixed assets | 22/27 | €215,394 | €185,298 | -€30,096 | -14.0% |
| Land and buildings | 22 | €176,212 | €171,630 | -€4,582 | -2.6% |
| Plant, machinery and equipment | 23 | €10,109 | €6,346 | -€3,763 | -37.2% |
| Furniture and vehicles | 24 | €21,004 | €460 | -€20,544 | -97.8% |
| Other tangible fixed assets | 26 | €8,069 | €6,862 | -€1,207 | -15.0% |
| Financial fixed assets | 28 | €265,000 | €265,000 | = | 0.0% |
| Current assets | 29/58 | €151,444 | €199,232 | +€47,788 | +31.6% |
| Stocks and contracts in progress | 3 | €3,750 | - | -€3,750 | |
| Stocks | 30/36 | €3,750 | - | -€3,750 | |
| Amounts receivable within one year | 40/41 | €51,265 | €55,997 | +€4,732 | +9.2% |
| Trade receivables | 40 | €47,365 | €45,995 | -€1,369 | -2.9% |
| Other amounts receivable | 41 | €3,900 | €10,001 | +€6,101 | +156% |
| Cash at bank and in hand | 54/58 | €96,429 | €113,047 | +€16,618 | +17.2% |
| Deferred charges and accrued income | 490/1 | - | €30,188 | +€30,188 | |
| Total equity and liabilities | 10/49 | €631,838 | €649,530 | +€17,692 | +2.8% |
| Equity | 10/15 | €438,604 | €483,388 | +€44,783 | +10.2% |
| Contributions | 10/11 | €9,860 | €9,860 | = | 0.0% |
| Reserves | 13 | €407,570 | €448,570 | +€41,000 | +10.1% |
| Tax-exempt reserves | 132 | €71,570 | €71,570 | = | 0.0% |
| Distributable reserves | 133 | €336,000 | €377,000 | +€41,000 | +12.2% |
| Profit (loss) carried forward | 14 | €21,174 | €24,958 | +€3,783 | +17.9% |
| Amounts payable | 17/49 | €193,234 | €166,143 | -€27,091 | -14.0% |
| Amounts payable after more than one year | 17 | €102,434 | €83,776 | -€18,658 | -18.2% |
| Financial debts | 170/4 | €102,434 | €83,776 | -€18,658 | -18.2% |
| Amounts payable within one year | 42/48 | €90,800 | €82,367 | -€8,433 | -9.3% |
| Current portion of amounts payable after more than one year | 42 | €5,696 | €11,053 | +€5,357 | +94.0% |
| Trade debts | 44 | €27,622 | €19,646 | -€7,976 | -28.9% |
| Suppliers | 440/4 | €27,622 | €19,646 | -€7,976 | -28.9% |
| Taxes, remuneration and social security | 45 | €46,671 | €17,668 | -€29,004 | -62.1% |
| Taxes | 450/3 | €26,370 | €5,362 | -€21,008 | -79.7% |
| Remuneration and social security | 454/9 | €20,301 | €12,306 | -€7,996 | -39.4% |
| Other amounts payable | 47/48 | €10,810 | €34,000 | +€23,190 | +215% |
| Remuneration, social security and pensions | 62 | €169,176 | €143,758 | -€25,418 | -15.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,674 | €11,290 | -€26,384 | -70.0% |
| Other operating charges | 640/8 | €1,032 | €3,672 | +€2,640 | +256% |
| Gross operating margin | 9900 | €263,607 | €236,181 | -€27,426 | -10.4% |
| Operating profit (loss) | 9901 | €55,725 | €77,461 | +€21,736 | +39.0% |
| Financial income | 75/76B | €50,625 | €32,640 | -€17,984 | -35.5% |
| Recurring financial income | 75 | €50,625 | €32,640 | -€17,984 | -35.5% |
| Financial charges | 65/66B | €3,829 | €8,746 | +€4,918 | +128% |
| Recurring financial charges | 65 | €3,829 | €8,746 | +€4,918 | +128% |
| Profit (loss) for the period before taxes | 9903 | €102,521 | €101,355 | -€1,166 | -1.1% |
| Income taxes | 67/77 | €19,552 | €22,572 | +€3,020 | +15.4% |
| Profit (loss) for the period | 9904 | €82,969 | €78,783 | -€4,186 | -5.0% |
| Profit (loss) for the period to be appropriated | 9905 | €82,969 | €78,783 | -€4,186 | -5.0% |
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 27 October 2026 via checked.be.