Tradac: 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.
What changed
Tradac
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€679,299
2024 · €139,957-€819,256
Equity
€11.8m
2024 · €12.4m-€679,299
Cash
€2.1m
2024 · €2.6m-€532,885
Balance sheet total
€17.0m
2024 · €17.8m-€796,252
Largest movements
Assets
- Cash -€532,885
down €532,885 (-20.6%), from €2.6m to €2.1m
mainly Net result for the year (-€679,299) and Investment in fixed assets (net) (-€158,738)
- Tangible fixed assets -€213,878
down €213,878 (-2.5%), from €8.5m to €8.3m
of which Land and buildings: -€197,492
Equity and liabilities
- Profit (loss) carried forward -€661,933
down €661,933 (-29.4%), from -€2.3m to -€2.9m
Income statement
- Provisions +€839,045
no longer reported in 2025 (was -€839,045)
- Gross operating margin -€432,595
down €432,595, from €344,428 to -€88,167
- Depreciation -€343,060
down €343,060 (-47.9%), from €715,676 to €372,616
- Purchases and services +€205,752
new in 2025: €205,752
- Write-downs -€103,063
new in 2025: -€103,063
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
€139,957
Gross operating margin
-€432,595
Depreciation
+€343,060
Write-downs
+€103,063
Provisions
-€839,045
Other operating charges
+€14,056
Financial income
-€34,000
Financial charges
-€11,599
Deferred taxes and other
+€37,803
Result 2025
-€679,299
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.
From operations
-€385,904
Investment
-€146,981
Financing
€0
Cash 2024
€2.6m
From operations (derived)
-€385,904
Net result for the year
-€679,299
Depreciation
+€372,616
Receivables within one year
+€60,343
Deferred charges and accrued income
-€22,612
Provisions
-€110,358
Trade debts
-€2,747
Tax, wage and social debts
-€26,437
Other debts
+€20,433
Accrued charges and deferred income
+€2,155
Investment (derived)
-€146,981
Investment in fixed assets (net)
-€158,738
Current investments
+€11,757
Cash 2025
€2.1m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €17,790,046 | €16,993,794 | -€796,252 | -4.5% |
| Fixed assets | 21/28 | €8,495,750 | €8,281,872 | -€213,878 | -2.5% |
| Tangible fixed assets | 22/27 | €8,495,750 | €8,281,872 | -€213,878 | -2.5% |
| Land and buildings | 22 | €8,479,364 | €8,281,872 | -€197,492 | -2.3% |
| Assets under construction and advance payments | 27 | €16,386 | €0 | -€16,386 | -100.0% |
| Current assets | 29/58 | €9,294,295 | €8,711,922 | -€582,374 | -6.3% |
| Amounts receivable after more than one year | 29 | €1,020,000 | €1,020,000 | = | 0.0% |
| Other amounts receivable | 291 | €1,020,000 | €1,020,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €4,368,526 | €4,308,182 | -€60,343 | -1.4% |
| Trade receivables | 40 | - | €242 | +€242 | |
| Other amounts receivable | 41 | €4,368,526 | €4,307,940 | -€60,585 | -1.4% |
| Current investments | 50/53 | €1,221,871 | €1,210,114 | -€11,757 | -1.0% |
| Cash at bank and in hand | 54/58 | €2,587,542 | €2,054,658 | -€532,885 | -20.6% |
| Deferred charges and accrued income | 490/1 | €96,356 | €118,968 | +€22,612 | +23.5% |
| Total equity and liabilities | 10/49 | €17,790,046 | €16,993,794 | -€796,252 | -4.5% |
| Equity | 10/15 | €12,429,714 | €11,750,415 | -€679,299 | -5.5% |
| Contributions | 10/11 | €13,562,000 | €13,562,000 | = | 0.0% |
| Capital | 10 | €13,562,000 | €13,562,000 | = | 0.0% |
| Issued capital | 100 | €13,562,000 | €13,562,000 | = | 0.0% |
| Reserves | 13 | €1,119,003 | €1,101,637 | -€17,366 | -1.6% |
| Non-distributable reserves | 130/1 | €6,717 | €6,717 | = | 0.0% |
| Legal reserve | 130 | €6,717 | €6,717 | = | 0.0% |
| Tax-exempt reserves | 132 | €582,286 | €564,920 | -€17,366 | -3.0% |
| Distributable reserves | 133 | €530,000 | €530,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,251,289 | -€2,913,222 | -€661,933 | -29.4% |
| Provisions and deferred taxes | 16 | €2,711,487 | €2,601,130 | -€110,358 | -4.1% |
| Provisions for liabilities and charges | 160/5 | €2,476,732 | €2,373,669 | -€103,063 | -4.2% |
| Other liabilities and charges | 164/5 | €2,476,732 | €2,373,669 | -€103,063 | -4.2% |
| Deferred taxes | 168 | €234,755 | €227,461 | -€7,295 | -3.1% |
| Amounts payable | 17/49 | €2,648,844 | €2,642,249 | -€6,595 | -0.2% |
| Amounts payable within one year | 42/48 | €2,647,428 | €2,638,678 | -€8,750 | -0.3% |
| Current portion of amounts payable after more than one year | 42 | €1,225,000 | €1,225,000 | = | 0.0% |
| Trade debts | 44 | €19,130 | €16,384 | -€2,747 | -14.4% |
| Suppliers | 440/4 | €19,130 | €16,384 | -€2,747 | -14.4% |
| Taxes, remuneration and social security | 45 | €68,078 | €41,641 | -€26,437 | -38.8% |
| Taxes | 450/3 | €68,078 | €41,641 | -€26,437 | -38.8% |
| Other amounts payable | 47/48 | €1,335,220 | €1,355,653 | +€20,433 | +1.5% |
| Accrued charges and deferred income | 492/3 | €1,416 | €3,572 | +€2,155 | +152.2% |
| Turnover | 70 | - | €47,939 | +€47,939 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €205,752 | +€205,752 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €715,676 | €372,616 | -€343,060 | -47.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€103,063 | -€103,063 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€839,045 | - | +€839,045 | |
| Other operating charges | 640/8 | €37,702 | €23,646 | -€14,056 | -37.3% |
| Gross operating margin | 9900 | €344,428 | -€88,167 | -€432,595 | |
| Operating profit (loss) | 9901 | €430,095 | -€381,366 | -€811,461 | |
| Financial income | 75/76B | €76,378 | €42,378 | -€34,000 | -44.5% |
| Recurring financial income | 75 | €76,378 | €42,378 | -€34,000 | -44.5% |
| Financial charges | 65/66B | €336,006 | €347,605 | +€11,599 | +3.5% |
| Recurring financial charges | 65 | €336,006 | €347,605 | +€11,599 | +3.5% |
| Profit (loss) for the period before taxes | 9903 | €170,466 | -€686,594 | -€857,060 | |
| Transfer from deferred taxes | 780 | €7,295 | €7,295 | = | 0.0% |
| Transfer to deferred taxes | 680 | €37,803 | €0 | -€37,803 | -100.0% |
| Profit (loss) for the period | 9904 | €139,957 | -€679,299 | -€819,256 | |
| Transfer from tax-exempt reserves | 789 | €195,966 | €17,366 | -€178,600 | -91.1% |
| Transfer to tax-exempt reserves | 689 | €113,410 | €0 | -€113,410 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €222,513 | -€661,933 | -€884,446 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.