ABOUTBAGS: 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
ABOUTBAGS
NACE 46.498, Wholesale trade
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.3m
2024 · €1.3m-€22,993
Equity
€2.1m
2024 · €2.8m-€699,672
Cash
€10.5m
2024 · €10.9m-€365,261
Balance sheet total
€15.3m
2024 · €19.2m-€3.9m
Largest movements
Assets
- Receivables within one year -€3.5m
down €3.5m (-44.8%), from €7.7m to €4.3m
of which Trade receivables: -€3.4m
- Cash -€365,261
down €365,261 (-3.4%), from €10.9m to €10.5m
mainly Trade debts (-€4.1m) and Contributions, distributions and other (-€2.0m)
Equity and liabilities
- Trade debts -€4.1m
down €4.1m (-36.1%), from €11.4m to €7.3m
- Other debts +€1.0m
up €1.0m (+100%), from €1.0m to €2.0m
- Profit (loss) carried forward -€699,672
down €699,672 (-25.5%), from €2.7m to €2.0m
Income statement
- Turnover +€6.7m
up €6.7m (+10.0%), from €67.4m to €74.2m
- Goods and materials +€5.2m
up €5.2m (+9.6%), from €53.6m to €58.8m
of which Purchases: +€5.0m
- Services and other goods +€1.4m
up €1.4m (+11.3%), from €12.3m to €13.6m
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
€1.3m
Turnover
+€6.7m
Other operating income
+€37
Goods and materials
-€5.2m
Services and other goods
-€1.4m
Write-downs
-€231,527
Other operating charges
-€285
Financial income
+€2,391
Financial charges
+€14,531
Taxes
+€21,933
Result 2025
€1.3m
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
+€1.6m
Investment
+€19,913
Financing
-€2.0m
Cash 2024
€10.9m
From operations (derived)
+€1.6m
Net result for the year
+€1.3m
Stocks and contracts
+€27,879
Receivables within one year
+€3.5m
Trade debts
-€4.1m
Tax, wage and social debts
+€98,366
Other debts
+€1.0m
Accrued charges and deferred income
-€130,191
Investment (derived)
+€19,913
Investment in fixed assets (net)
+€19,913
Financing
-€2.0m
Contributions, distributions and other
-€2.0m
Cash 2025
€10.5m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €19,189,528 | €15,321,950 | -€3.9m | -20.2% |
| Fixed assets | 21/28 | €19,913 | - | -€19,913 | |
| Financial fixed assets | 28 | €19,913 | - | -€19,913 | |
| Other financial fixed assets | 284/8 | €19,913 | - | -€19,913 | |
| Amounts receivable and cash guarantees | 285/8 | €19,913 | - | -€19,913 | |
| Current assets | 29/58 | €19,169,615 | €15,321,950 | -€3.8m | -20.1% |
| Stocks and contracts in progress | 3 | €583,887 | €556,008 | -€27,879 | -4.8% |
| Stocks | 30/36 | €583,887 | €556,008 | -€27,879 | -4.8% |
| Goods purchased for resale | 34 | €583,887 | €556,008 | -€27,879 | -4.8% |
| Amounts receivable within one year | 40/41 | €7,717,996 | €4,263,472 | -€3.5m | -44.8% |
| Trade receivables | 40 | €7,134,338 | €3,711,086 | -€3.4m | -48.0% |
| Other amounts receivable | 41 | €583,659 | €552,386 | -€31,273 | -5.4% |
| Cash at bank and in hand | 54/58 | €10,867,732 | €10,502,471 | -€365,261 | -3.4% |
| Total equity and liabilities | 10/49 | €19,189,528 | €15,321,950 | -€3.9m | -20.2% |
| Equity | 10/15 | €2,810,243 | €2,110,571 | -€699,672 | -24.9% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €6,150 | €6,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,742,593 | €2,042,921 | -€699,672 | -25.5% |
| Amounts payable | 17/49 | €16,379,285 | €13,211,379 | -€3.2m | -19.3% |
| Amounts payable within one year | 42/48 | €14,583,365 | €11,545,649 | -€3.0m | -20.8% |
| Trade debts | 44 | €11,444,569 | €7,308,487 | -€4.1m | -36.1% |
| Suppliers | 440/4 | €11,444,569 | €7,308,487 | -€4.1m | -36.1% |
| Taxes, remuneration and social security | 45 | €2,138,796 | €2,237,162 | +€98,366 | +4.6% |
| Taxes | 450/3 | €2,138,796 | €2,237,162 | +€98,366 | +4.6% |
| Other amounts payable | 47/48 | €1,000,000 | €2,000,000 | +€1.0m | +100% |
| Accrued charges and deferred income | 492/3 | €1,795,920 | €1,665,730 | -€130,191 | -7.2% |
| Operating income | 70/76A | €67,430,366 | €74,157,358 | +€6.7m | +10.0% |
| Turnover | 70 | €67,430,366 | €74,157,321 | +€6.7m | +10.0% |
| Other operating income | 74 | - | €37 | +€37 | |
| Operating charges | 60/66A | €65,578,253 | €72,367,092 | +€6.8m | +10.4% |
| Goods for resale, raw materials and consumables | 60 | €53,643,587 | €58,818,316 | +€5.2m | +9.6% |
| Purchases | 600/8 | €53,743,385 | €58,790,437 | +€5.0m | +9.4% |
| Change in stocks: decrease (increase) | 609 | -€99,797 | €27,879 | +€127,676 | |
| Services and other goods | 61 | €12,264,875 | €13,647,175 | +€1.4m | +11.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€331,318 | -€99,791 | +€231,527 | +69.9% |
| Other operating charges | 640/8 | €1,108 | €1,393 | +€285 | +25.7% |
| Operating profit (loss) | 9901 | €1,852,113 | €1,790,265 | -€61,848 | -3.3% |
| Financial income | 75/76B | €7,713 | €10,104 | +€2,391 | +31.0% |
| Recurring financial income | 75 | €7,713 | €10,104 | +€2,391 | +31.0% |
| Other financial income | 752/9 | €7,713 | €10,104 | +€2,391 | +31.0% |
| Financial charges | 65/66B | €105,669 | €91,138 | -€14,531 | -13.8% |
| Recurring financial charges | 65 | €105,669 | €91,138 | -€14,531 | -13.8% |
| Debt charges | 650 | €1,350 | €16,927 | +€15,577 | +1,154% |
| Other financial charges | 652/9 | €104,319 | €74,211 | -€30,108 | -28.9% |
| Profit (loss) for the period before taxes | 9903 | €1,754,157 | €1,709,231 | -€44,926 | -2.6% |
| Income taxes | 67/77 | €430,836 | €408,903 | -€21,933 | -5.1% |
| Taxes | 670/3 | €430,836 | €408,903 | -€21,933 | -5.1% |
| Profit (loss) for the period | 9904 | €1,323,321 | €1,300,328 | -€22,993 | -1.7% |
| Profit (loss) for the period to be appropriated | 9905 | €1,323,321 | €1,300,328 | -€22,993 | -1.7% |
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 30 October 2026 via checked.be.