TRADWARE: 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.
TRADWARE
Largest movements
- Tangible fixed assets -€9,369
down €9,369 (-77.2%), from €12,142 to €2,772
- Current investments -€6,907
down €6,907 (-6.3%), from €109,130 to €102,222
- Cash +€3,582
up €3,582 (+53.5%), from €6,693 to €10,276
mainly Depreciation (+€9,369) and Net result for the year (+€7,001)
- Receivables within one year -€2,837
down €2,837 (-24.0%), from €11,829 to €8,992
of which Trade receivables: -€1,537
- Current portion of long-term debt -€6,141
down €6,141 (-66.5%), from €9,238 to €3,097
- Reserves -€5,729
down €5,729 (-5.2%), from €111,078 to €105,349
- Debts after one year -€3,097
no longer reported in 2025 (was €3,097)
- Gross operating margin -€6,189
down €6,189 (-23.5%), from €26,392 to €20,203
- Taxes -€1,710
down €1,710 (-36.0%), from €4,754 to €3,044
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 | €143,901 | €128,031 | -€15,871 | -11.0% |
| Fixed assets | 21/28 | €12,142 | €2,772 | -€9,369 | -77.2% |
| Tangible fixed assets | 22/27 | €12,142 | €2,772 | -€9,369 | -77.2% |
| Furniture and vehicles | 24 | €12,142 | €2,772 | -€9,369 | -77.2% |
| Current assets | 29/58 | €131,760 | €125,258 | -€6,501 | -4.9% |
| Amounts receivable within one year | 40/41 | €11,829 | €8,992 | -€2,837 | -24.0% |
| Trade receivables | 40 | €4,781 | €3,245 | -€1,537 | -32.1% |
| Other amounts receivable | 41 | €7,048 | €5,747 | -€1,301 | -18.5% |
| Current investments | 50/53 | €109,130 | €102,222 | -€6,907 | -6.3% |
| Cash at bank and in hand | 54/58 | €6,693 | €10,276 | +€3,582 | +53.5% |
| Deferred charges and accrued income | 490/1 | €4,107 | €3,768 | -€339 | -8.3% |
| Total equity and liabilities | 10/49 | €143,901 | €128,031 | -€15,871 | -11.0% |
| Equity | 10/15 | €129,678 | €123,949 | -€5,729 | -4.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €111,078 | €105,349 | -€5,729 | -5.2% |
| Distributable reserves | 133 | €111,078 | €105,349 | -€5,729 | -5.2% |
| Amounts payable | 17/49 | €14,223 | €4,081 | -€10,142 | -71.3% |
| Amounts payable after more than one year | 17 | €3,097 | - | -€3,097 | |
| Financial debts | 170/4 | €3,097 | - | -€3,097 | |
| Amounts payable within one year | 42/48 | €11,102 | €4,031 | -€7,071 | -63.7% |
| Current portion of amounts payable after more than one year | 42 | €9,238 | €3,097 | -€6,141 | -66.5% |
| Trade debts | 44 | €662 | €200 | -€462 | -69.8% |
| Suppliers | 440/4 | €662 | €200 | -€462 | -69.8% |
| Taxes, remuneration and social security | 45 | €1,201 | €734 | -€467 | -38.9% |
| Taxes | 450/3 | €1,201 | €734 | -€467 | -38.9% |
| Accrued charges and deferred income | 492/3 | €24 | €50 | +€26 | +105% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,369 | €9,369 | = | 0.0% |
| Other operating charges | 640/8 | €138 | €160 | +€22 | +15.9% |
| Gross operating margin | 9900 | €26,392 | €20,203 | -€6,189 | -23.5% |
| Operating profit (loss) | 9901 | €16,885 | €10,673 | -€6,211 | -36.8% |
| Financial income | 75/76B | €66 | €132 | +€67 | +101% |
| Recurring financial income | 75 | €66 | €132 | +€67 | +101% |
| Financial charges | 65/66B | €525 | €762 | +€237 | +45.1% |
| Recurring financial charges | 65 | €525 | €762 | +€237 | +45.1% |
| Profit (loss) for the period before taxes | 9903 | €16,426 | €10,044 | -€6,381 | -38.9% |
| Income taxes | 67/77 | €4,754 | €3,044 | -€1,710 | -36.0% |
| Profit (loss) for the period | 9904 | €11,672 | €7,001 | -€4,671 | -40.0% |
| Profit (loss) for the period to be appropriated | 9905 | €11,672 | €7,001 | -€4,671 | -40.0% |
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 14 October 2026 via checked.be.