TRADYGLASS: 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.
What changed
TRADYGLASS
NACE 46.494, Wholesale of non-electrical household articles
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€134,200
2024 · €3,376-€137,576
Equity
€3.7m
2024 · €3.9m-€134,200
Cash
€292,250
2024 · €135,325+€156,924
Balance sheet total
€16.6m
2024 · €17.8m-€1.2m
Largest movements
Assets
- Tangible fixed assets -€1.1m
down €1.1m (-9.0%), from €12.0m to €11.0m
of which Leasing and similar rights: -€770,285
- Stocks and contracts -€395,622
down €395,622 (-11.2%), from €3.5m to €3.1m
Equity and liabilities
- Debts after one year -€978,375
down €978,375 (-9.6%), from €10.2m to €9.3m
- Short-term financial debts +€303,688
up €303,688 (+45.8%), from €663,065 to €966,753
- Trade debts -€240,919
down €240,919 (-20.0%), from €1.2m to €962,815
- Current portion of long-term debt -€226,592
down €226,592 (-13.8%), from €1.6m to €1.4m
Income statement
- Staff costs +€109,475
up €109,475 (+7.0%), from €1.6m to €1.7m
- Gross operating margin -€46,372
down €46,372 (-1.2%), from €3.7m to €3.7m
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.
Result 2024
€3,376
Gross operating margin
-€46,372
Staff costs
-€109,475
Depreciation
-€34,883
Other operating charges
-€6,290
Financial income
+€9,096
Financial charges
+€21,689
Taxes
+€28,659
Result 2025
-€134,200
raises the resultlowers the result
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.
From operations
+€1.8m
Investment
-€743,966
Financing
-€901,279
Cash 2024
€135,325
From operations (derived)
+€1.8m
Net result for the year
-€134,200
Depreciation
+€1.8m
Stocks and contracts
+€395,622
Receivables within one year
-€84,724
Deferred charges and accrued income
+€13,913
Trade debts
-€240,919
Tax, wage and social debts
+€23,603
Other debts
-€3,960
Accrued charges and deferred income
+€10,537
Investment (derived)
-€743,966
Investment in fixed assets (net)
-€743,966
Financing
-€901,279
Debts after one year
-€978,375
Current portion of long-term debt
-€226,592
Short-term financial debts
+€303,688
Cash 2025
€292,250
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €17,807,783 | €16,561,566 | -€1.2m | -7.0% |
| Fixed assets | 21/28 | €12,089,724 | €11,011,393 | -€1.1m | -8.9% |
| Tangible fixed assets | 22/27 | €12,036,216 | €10,951,505 | -€1.1m | -9.0% |
| Land and buildings | 22 | €7,504,410 | €7,440,694 | -€63,717 | -0.8% |
| Plant, machinery and equipment | 23 | €1,641,603 | €1,419,353 | -€222,250 | -13.5% |
| Furniture and vehicles | 24 | €71,822 | €86,129 | +€14,308 | +19.9% |
| Leasing and similar rights | 25 | €2,482,948 | €1,712,663 | -€770,285 | -31.0% |
| Other tangible fixed assets | 26 | €335,433 | €292,666 | -€42,767 | -12.7% |
| Financial fixed assets | 28 | €53,508 | €59,888 | +€6,380 | +11.9% |
| Current assets | 29/58 | €5,718,060 | €5,550,173 | -€167,887 | -2.9% |
| Stocks and contracts in progress | 3 | €3,520,236 | €3,124,614 | -€395,622 | -11.2% |
| Stocks | 30/36 | €3,520,236 | €3,124,614 | -€395,622 | -11.2% |
| Amounts receivable within one year | 40/41 | €1,996,959 | €2,081,683 | +€84,724 | +4.2% |
| Trade receivables | 40 | €1,713,101 | €1,670,278 | -€42,823 | -2.5% |
| Other amounts receivable | 41 | €283,858 | €411,405 | +€127,547 | +44.9% |
| Current investments | 50/53 | €14,091 | €14,091 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €135,325 | €292,250 | +€156,924 | +116% |
| Deferred charges and accrued income | 490/1 | €51,448 | €37,535 | -€13,913 | -27.0% |
| Total equity and liabilities | 10/49 | €17,807,783 | €16,561,566 | -€1.2m | -7.0% |
| Equity | 10/15 | €3,856,700 | €3,722,500 | -€134,200 | -3.5% |
| Contributions | 10/11 | €413,487 | €413,487 | = | 0.0% |
| Reserves | 13 | €3,443,213 | €3,443,213 | = | 0.0% |
| Tax-exempt reserves | 132 | €34,617 | €34,617 | = | 0.0% |
| Distributable reserves | 133 | €3,408,596 | €3,408,596 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€134,200 | -€134,200 | |
| Amounts payable | 17/49 | €13,951,084 | €12,839,066 | -€1.1m | -8.0% |
| Amounts payable after more than one year | 17 | €10,228,879 | €9,250,504 | -€978,375 | -9.6% |
| Financial debts | 170/4 | €10,228,879 | €9,250,504 | -€978,375 | -9.6% |
| Amounts payable within one year | 42/48 | €3,701,270 | €3,557,091 | -€144,179 | -3.9% |
| Current portion of amounts payable after more than one year | 42 | €1,642,867 | €1,416,275 | -€226,592 | -13.8% |
| Financial debts | 43 | €663,065 | €966,753 | +€303,688 | +45.8% |
| Credit institutions | 430/8 | €663,065 | €966,753 | +€303,688 | +45.8% |
| Trade debts | 44 | €1,203,733 | €962,815 | -€240,919 | -20.0% |
| Suppliers | 440/4 | €1,203,733 | €962,815 | -€240,919 | -20.0% |
| Taxes, remuneration and social security | 45 | €187,645 | €211,249 | +€23,603 | +12.6% |
| Taxes | 450/3 | €52,894 | €71,057 | +€18,163 | +34.3% |
| Remuneration and social security | 454/9 | €134,751 | €140,192 | +€5,441 | +4.0% |
| Other amounts payable | 47/48 | €3,960 | - | -€3,960 | |
| Accrued charges and deferred income | 492/3 | €20,934 | €31,471 | +€10,537 | +50.3% |
| Remuneration, social security and pensions | 62 | €1,555,036 | €1,664,511 | +€109,475 | +7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,787,414 | €1,822,297 | +€34,883 | +2.0% |
| Other operating charges | 640/8 | €29,156 | €35,446 | +€6,290 | +21.6% |
| Gross operating margin | 9900 | €3,732,019 | €3,685,647 | -€46,372 | -1.2% |
| Operating profit (loss) | 9901 | €360,412 | €163,392 | -€197,020 | -54.7% |
| Financial income | 75/76B | €2,315 | €11,412 | +€9,096 | +393% |
| Recurring financial income | 75 | €2,315 | €11,412 | +€9,096 | +393% |
| Financial charges | 65/66B | €328,636 | €306,946 | -€21,689 | -6.6% |
| Recurring financial charges | 65 | €328,636 | €306,946 | -€21,689 | -6.6% |
| Profit (loss) for the period before taxes | 9903 | €34,092 | -€132,142 | -€166,234 | |
| Income taxes | 67/77 | €30,716 | €2,058 | -€28,659 | -93.3% |
| Profit (loss) for the period | 9904 | €3,376 | -€134,200 | -€137,576 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,376 | -€134,200 | -€137,576 |
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 18 October 2026 via checked.be.