2 BY 2: 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
2 BY 2
NACE 46.500, Wholesale of information and communication equipment
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€387,129
2024 · €55,347+€331,782
Equity
€2.3m
2024 · €1.9m+€387,129
Cash
€114,383
2024 · €77,942+€36,441
Balance sheet total
€11.3m
2024 · €9.8m+€1.5m
Largest movements
Assets
- Stocks and contracts +€1.3m
up €1.3m (+24.6%), from €5.3m to €6.6m
- Receivables within one year +€158,361
up €158,361 (+3.8%), from €4.2m to €4.4m
of which Trade receivables: +€679,047
Equity and liabilities
- Short-term financial debts +€2.4m
up €2.4m (+122.0%), from €2.0m to €4.5m
- Trade debts -€1.5m
down €1.5m (-26.9%), from €5.5m to €4.0m
- Profit (loss) carried forward +€387,129
up €387,129 (+32.7%), from €1.2m to €1.6m
- Tax, wage and social debts +€143,465
up €143,465 (+56.1%), from €255,554 to €399,019
of which Taxes: +€143,328
Income statement
- Goods and materials -€1.8m
down €1.8m (-4.4%), from €40.9m to €39.1m
of which Change in stocks: decrease (increase): -€3.9m
- Turnover -€1.7m
down €1.7m (-4.0%), from €43.1m to €41.4m
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
€55,347
Turnover
-€1.7m
Other operating income
+€32,778
Goods and materials
+€1.8m
Services and other goods
+€50,874
Staff costs
-€62,264
Depreciation
-€11,981
Write-downs
+€35,763
Provisions
+€945
Other operating charges
+€46,270
Other operating items
-€25,522
Financial income
+€170,297
Financial charges
+€106,395
Taxes
-€115,617
Result 2025
€387,129
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
-€2.4m
Investment
-€232
Financing
+€2.4m
Cash 2024
€77,942
From operations (derived)
-€2.4m
Net result for the year
+€387,129
Depreciation
+€41,897
Stocks and contracts
-€1.3m
Receivables within one year
-€158,361
Deferred charges and accrued income
-€19,237
Smaller working-capital items
+€5,144
Trade debts
-€1.5m
Tax, wage and social debts
+€143,465
Investment (derived)
-€232
Investment in fixed assets (net)
-€242
Current investments
+€10
Financing
+€2.4m
Debts after one year
-€19,125
Current portion of long-term debt
-€362
Short-term financial debts
+€2.4m
Cash 2025
€114,383
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,794,538 | €11,278,828 | +€1.5m | +15.2% |
| Fixed assets | 21/28 | €149,533 | €107,878 | -€41,656 | -27.9% |
| Intangible fixed assets | 21 | €15,679 | €5,795 | -€9,884 | -63.0% |
| Tangible fixed assets | 22/27 | €111,544 | €79,530 | -€32,014 | -28.7% |
| Plant, machinery and equipment | 23 | €4,625 | €3,206 | -€1,419 | -30.7% |
| Furniture and vehicles | 24 | €11,644 | €6,850 | -€4,794 | -41.2% |
| Leasing and similar rights | 25 | €87,722 | €64,017 | -€23,705 | -27.0% |
| Other tangible fixed assets | 26 | €7,553 | €5,458 | -€2,095 | -27.7% |
| Financial fixed assets | 28 | €22,310 | €22,552 | +€242 | +1.1% |
| Other financial fixed assets | 284/8 | €22,310 | €22,552 | +€242 | +1.1% |
| Amounts receivable and cash guarantees | 285/8 | €22,310 | €22,552 | +€242 | +1.1% |
| Current assets | 29/58 | €9,645,005 | €11,170,950 | +€1.5m | +15.8% |
| Stocks and contracts in progress | 3 | €5,333,505 | €6,645,420 | +€1.3m | +24.6% |
| Stocks | 30/36 | €5,333,505 | €6,645,420 | +€1.3m | +24.6% |
| Goods purchased for resale | 34 | €5,333,505 | €6,645,420 | +€1.3m | +24.6% |
| Amounts receivable within one year | 40/41 | €4,217,585 | €4,375,946 | +€158,361 | +3.8% |
| Trade receivables | 40 | €3,658,446 | €4,337,493 | +€679,047 | +18.6% |
| Other amounts receivable | 41 | €559,139 | €38,453 | -€520,686 | -93.1% |
| Current investments | 50/53 | €10 | - | -€10 | |
| Other investments | 51/53 | €10 | - | -€10 | |
| Cash at bank and in hand | 54/58 | €77,942 | €114,383 | +€36,441 | +46.8% |
| Deferred charges and accrued income | 490/1 | €15,963 | €35,201 | +€19,237 | +120.5% |
| Total equity and liabilities | 10/49 | €9,794,538 | €11,278,828 | +€1.5m | +15.2% |
| Equity | 10/15 | €1,883,424 | €2,270,553 | +€387,129 | +20.6% |
| Contributions | 10/11 | €124,000 | €124,000 | = | 0.0% |
| Capital | 10 | €124,000 | €124,000 | = | 0.0% |
| Issued capital | 100 | €124,000 | €124,000 | = | 0.0% |
| Reserves | 13 | €576,968 | €576,968 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,400 | €12,400 | = | 0.0% |
| Legal reserve | 130 | €12,400 | €12,400 | = | 0.0% |
| Distributable reserves | 133 | €564,568 | €564,568 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,182,456 | €1,569,585 | +€387,129 | +32.7% |
| Provisions and deferred taxes | 16 | €37,976 | €37,880 | -€97 | -0.3% |
| Provisions for liabilities and charges | 160/5 | €37,976 | €37,880 | -€97 | -0.3% |
| Other liabilities and charges | 164/5 | €37,976 | €37,880 | -€97 | -0.3% |
| Amounts payable | 17/49 | €7,873,137 | €8,970,395 | +€1.1m | +13.9% |
| Amounts payable after more than one year | 17 | €68,352 | €49,227 | -€19,125 | -28.0% |
| Financial debts | 170/4 | €68,352 | €49,227 | -€19,125 | -28.0% |
| Leasing and similar obligations | 172 | €68,352 | €49,227 | -€19,125 | -28.0% |
| Amounts payable within one year | 42/48 | €7,777,330 | €8,888,163 | +€1.1m | +14.3% |
| Current portion of amounts payable after more than one year | 42 | €19,173 | €18,811 | -€362 | -1.9% |
| Financial debts | 43 | €2,006,415 | €4,454,257 | +€2.4m | +122.0% |
| Credit institutions | 430/8 | €2,006,415 | €4,454,257 | +€2.4m | +122.0% |
| Trade debts | 44 | €5,495,880 | €4,016,076 | -€1.5m | -26.9% |
| Suppliers | 440/4 | €5,495,880 | €4,016,076 | -€1.5m | -26.9% |
| Advances received on contracts in progress | 46 | €308 | - | -€308 | |
| Taxes, remuneration and social security | 45 | €255,554 | €399,019 | +€143,465 | +56.1% |
| Taxes | 450/3 | €132,217 | €275,545 | +€143,328 | +108.4% |
| Remuneration and social security | 454/9 | €123,337 | €123,474 | +€137 | +0.1% |
| Accrued charges and deferred income | 492/3 | €27,456 | €33,005 | +€5,549 | +20.2% |
| Operating income | 70/76A | €43,121,648 | €41,455,486 | -€1.7m | -3.9% |
| Turnover | 70 | €43,069,139 | €41,366,603 | -€1.7m | -4.0% |
| Other operating income | 74 | €52,508 | €85,286 | +€32,778 | +62.4% |
| Non-recurring operating income | 76A | - | €3,597 | +€3,597 | |
| Operating charges | 60/66A | €42,839,304 | €41,002,435 | -€1.8m | -4.3% |
| Goods for resale, raw materials and consumables | 60 | €40,933,966 | €39,127,584 | -€1.8m | -4.4% |
| Purchases | 600/8 | €38,338,704 | €40,408,626 | +€2.1m | +5.4% |
| Change in stocks: decrease (increase) | 609 | €2,595,261 | -€1,281,042 | -€3.9m | |
| Services and other goods | 61 | €959,471 | €908,597 | -€50,874 | -5.3% |
| Remuneration, social security and pensions | 62 | €861,419 | €923,683 | +€62,264 | +7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,916 | €41,897 | +€11,981 | +40.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€21,508 | -€57,271 | -€35,763 | -166.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €848 | -€97 | -€945 | |
| Other operating charges | 640/8 | €75,193 | €28,923 | -€46,270 | -61.5% |
| Non-recurring operating charges | 66A | - | €29,118 | +€29,118 | |
| Operating profit (loss) | 9901 | €282,344 | €453,051 | +€170,708 | +60.5% |
| Financial income | 75/76B | €56,387 | €226,684 | +€170,297 | +302.0% |
| Recurring financial income | 75 | €56,387 | €226,684 | +€170,297 | +302.0% |
| Other financial income | 752/9 | €56,387 | €226,684 | +€170,297 | +302.0% |
| Financial charges | 65/66B | €256,005 | €149,610 | -€106,395 | -41.6% |
| Recurring financial charges | 65 | €256,005 | €149,610 | -€106,395 | -41.6% |
| Other financial charges | 652/9 | €256,005 | €149,610 | -€106,395 | -41.6% |
| Profit (loss) for the period before taxes | 9903 | €82,726 | €530,126 | +€447,400 | +540.8% |
| Income taxes | 67/77 | €27,380 | €142,997 | +€115,617 | +422.3% |
| Taxes | 670/3 | €27,380 | €142,997 | +€115,617 | +422.3% |
| Profit (loss) for the period | 9904 | €55,347 | €387,129 | +€331,782 | +599.5% |
| Profit (loss) for the period to be appropriated | 9905 | €55,347 | €387,129 | +€331,782 | +599.5% |
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 3 October 2026 via checked.be.