TRADY BEAR: 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.
TRADY BEAR
Largest movements
- Stocks and contracts +€281,950
new in 2025: €281,950
- Current investments -€211,000
down €211,000 (-100.0%), from €211,000 to €0
- Profit (loss) carried forward +€51,249
up €51,249, from -€3,483 to €47,766
- Tax, wage and social debts +€15,940
new in 2025: €15,940
- Gross operating margin +€88,016
up €88,016, from -€1,750 to €86,266
- Write-downs +€17,638
new in 2025: €17,638
- Taxes +€15,940
new in 2025: €15,940
- Other operating charges +€1,620
new in 2025: €1,620
- Depreciation -€1,550
no longer reported in 2025 (was €1,550)
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 | €216,968 | €286,528 | +€69,561 | +32.1% |
| Formation expenses | 20 | €0 | €0 | = | |
| Current assets | 29/58 | €216,968 | €286,528 | +€69,561 | +32.1% |
| Stocks and contracts in progress | 3 | - | €281,950 | +€281,950 | |
| Stocks | 30/36 | - | €281,950 | +€281,950 | |
| Current investments | 50/53 | €211,000 | €0 | -€211,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €5,968 | €4,400 | -€1,567 | -26.3% |
| Deferred charges and accrued income | 490/1 | - | €178 | +€178 | |
| Total equity and liabilities | 10/49 | €216,968 | €286,528 | +€69,561 | +32.1% |
| Equity | 10/15 | €1,517 | €52,766 | +€51,249 | +3378.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Capital | 10 | €5,000 | €5,000 | = | 0.0% |
| Issued capital | 100 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,483 | €47,766 | +€51,249 | |
| Amounts payable | 17/49 | €215,451 | €233,762 | +€18,312 | +8.5% |
| Amounts payable within one year | 42/48 | €215,451 | €233,762 | +€18,312 | +8.5% |
| Trade debts | 44 | €411 | €2,828 | +€2,417 | +587.9% |
| Suppliers | 440/4 | €411 | €2,828 | +€2,417 | +587.9% |
| Taxes, remuneration and social security | 45 | - | €15,940 | +€15,940 | |
| Taxes | 450/3 | - | €15,940 | +€15,940 | |
| Other amounts payable | 47/48 | €215,040 | €214,995 | -€45 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,550 | - | -€1,550 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €17,638 | +€17,638 | |
| Other operating charges | 640/8 | - | €1,620 | +€1,620 | |
| Gross operating margin | 9900 | -€1,750 | €86,266 | +€88,016 | |
| Operating profit (loss) | 9901 | -€3,300 | €67,008 | +€70,308 | |
| Financial income | 75/76B | - | €271 | +€271 | |
| Recurring financial income | 75 | - | €271 | +€271 | |
| Financial charges | 65/66B | €183 | €91 | -€92 | -50.5% |
| Recurring financial charges | 65 | €183 | €91 | -€92 | -50.5% |
| Profit (loss) for the period before taxes | 9903 | -€3,483 | €67,189 | +€70,672 | |
| Income taxes | 67/77 | - | €15,940 | +€15,940 | |
| Profit (loss) for the period | 9904 | -€3,483 | €51,249 | +€54,732 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,483 | €51,249 | +€54,732 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.