Academy 314: what changed
What changed
Academy 314
NACE 46.450, Wholesale of perfume and cosmetics
filed annual accounts (NBB)
Net result for the year
€26,065
2024 · €12,404+€13,661
Equity
€83,930
2024 · €60,966+€22,965
Cash
€19,380
2024 · €3,908+€15,472
Balance sheet total
€215,485
2024 · €281,802-€66,317
Largest movements
Assets
- Receivables within one year -€86,664
down €86,664 (-40.6%), from €213,473 to €126,809
of which Trade receivables: -€79,591
- Cash +€15,472
up €15,472 (+396%), from €3,908 to €19,380
mainly Receivables within one year (+€86,664) and Net result for the year (+€26,065)
- Intangible fixed assets +€5,129
new in 2025: €5,129
Equity and liabilities
- Trade debts -€78,479
down €78,479 (-41.9%), from €187,313 to €108,834
- Reserves +€28,760
up €28,760 (+92.1%), from €31,240 to €60,000
of which Distributable reserves: +€30,000
- Profit (loss) carried forward -€7,035
down €7,035 (-40.6%), from €17,326 to €10,290
- Current portion of long-term debt -€5,823
down €5,823 (-29.3%), from €19,855 to €14,032
- Debts after one year -€5,032
no longer reported in 2025 (was €5,032)
Income statement
- Financial income +€16,720
up €16,720 (+33,731%), from €50 to €16,770
- Gross operating margin -€16,496
down €16,496 (-35.7%), from €46,238 to €29,742
- Staff costs -€9,230
down €9,230, from €9,084 to -€146
- Financial charges -€8,388
down €8,388 (-79.9%), from €10,502 to €2,114
- Taxes +€3,823
up €3,823 (+81.4%), from €4,694 to €8,516
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€12,404
Gross operating margin
-€16,496
Staff costs
+€9,230
Depreciation
-€70
Write-downs
-€216
Other operating charges
-€73
Financial income
+€16,720
Financial charges
+€8,388
Taxes
-€3,823
Result 2025
€26,065
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€45,610
Investment
-€16,182
Financing
-€13,955
Cash 2024
€3,908
From operations (derived)
+€45,610
Net result for the year
+€26,065
Depreciation
+€9,169
Stocks and contracts
+€1,391
Receivables within one year
+€86,664
Deferred charges and accrued income
+€748
Trade debts
-€78,479
Tax, wage and social debts
+€360
Other debts
-€308
Investment (derived)
-€16,182
Investment in fixed assets (net)
-€16,182
Financing
-€13,955
Debts after one year
-€5,032
Current portion of long-term debt
-€5,823
Contributions, distributions and other
-€3,100
Cash 2025
€19,380
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €281,802 | €215,485 | -€66,317 | -23.5% |
| Fixed assets | 21/28 | €29,466 | €36,478 | +€7,013 | +23.8% |
| Intangible fixed assets | 21 | - | €5,129 | +€5,129 | |
| Tangible fixed assets | 22/27 | €29,391 | €31,274 | +€1,884 | +6.4% |
| Plant, machinery and equipment | 23 | €1,413 | €2,502 | +€1,089 | +77.1% |
| Furniture and vehicles | 24 | €6,050 | €9,582 | +€3,531 | +58.4% |
| Other tangible fixed assets | 26 | €21,927 | €19,190 | -€2,737 | -12.5% |
| Financial fixed assets | 28 | €75 | €75 | = | 0.0% |
| Current assets | 29/58 | €252,337 | €179,007 | -€73,330 | -29.1% |
| Stocks and contracts in progress | 3 | €33,170 | €31,779 | -€1,391 | -4.2% |
| Stocks | 30/36 | €33,170 | €31,779 | -€1,391 | -4.2% |
| Amounts receivable within one year | 40/41 | €213,473 | €126,809 | -€86,664 | -40.6% |
| Trade receivables | 40 | €201,227 | €121,636 | -€79,591 | -39.6% |
| Other amounts receivable | 41 | €12,246 | €5,173 | -€7,073 | -57.8% |
| Cash at bank and in hand | 54/58 | €3,908 | €19,380 | +€15,472 | +396% |
| Deferred charges and accrued income | 490/1 | €1,786 | €1,038 | -€748 | -41.9% |
| Total equity and liabilities | 10/49 | €281,802 | €215,485 | -€66,317 | -23.5% |
| Equity | 10/15 | €60,966 | €83,930 | +€22,965 | +37.7% |
| Contributions | 10/11 | €12,400 | €13,640 | +€1,240 | +10.0% |
| Reserves | 13 | €31,240 | €60,000 | +€28,760 | +92.1% |
| Non-distributable reserves | 130/1 | €1,240 | - | -€1,240 | |
| Reserves not available under the articles | 1311 | €1,240 | - | -€1,240 | |
| Distributable reserves | 133 | €30,000 | €60,000 | +€30,000 | +100% |
| Profit (loss) carried forward | 14 | €17,326 | €10,290 | -€7,035 | -40.6% |
| Amounts payable | 17/49 | €220,837 | €131,555 | -€89,282 | -40.4% |
| Amounts payable after more than one year | 17 | €5,032 | - | -€5,032 | |
| Financial debts | 170/4 | €5,032 | - | -€5,032 | |
| Amounts payable within one year | 42/48 | €215,804 | €131,555 | -€84,250 | -39.0% |
| Current portion of amounts payable after more than one year | 42 | €19,855 | €14,032 | -€5,823 | -29.3% |
| Trade debts | 44 | €187,313 | €108,834 | -€78,479 | -41.9% |
| Suppliers | 440/4 | €187,313 | €108,834 | -€78,479 | -41.9% |
| Taxes, remuneration and social security | 45 | €2,768 | €3,128 | +€360 | +13.0% |
| Taxes | 450/3 | €2,768 | €3,128 | +€360 | +13.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €5,868 | €5,560 | -€308 | -5.2% |
| Non-recurring operating income | 76A | - | €2,873 | +€2,873 | |
| Remuneration, social security and pensions | 62 | €9,084 | -€146 | -€9,230 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,099 | €9,169 | +€70 | +0.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €216 | +€216 | |
| Other operating charges | 640/8 | €505 | €577 | +€73 | +14.4% |
| Gross operating margin | 9900 | €46,238 | €29,742 | -€16,496 | -35.7% |
| Operating profit (loss) | 9901 | €27,550 | €19,925 | -€7,625 | -27.7% |
| Financial income | 75/76B | €50 | €16,770 | +€16,720 | +33,731% |
| Recurring financial income | 75 | €50 | €16,770 | +€16,720 | +33,731% |
| Financial charges | 65/66B | €10,502 | €2,114 | -€8,388 | -79.9% |
| Recurring financial charges | 65 | €10,502 | €2,114 | -€8,388 | -79.9% |
| Profit (loss) for the period before taxes | 9903 | €17,097 | €34,581 | +€17,484 | +102% |
| Income taxes | 67/77 | €4,694 | €8,516 | +€3,823 | +81.4% |
| Profit (loss) for the period | 9904 | €12,404 | €26,065 | +€13,661 | +110% |
| Profit (loss) for the period to be appropriated | 9905 | €12,404 | €26,065 | +€13,661 | +110% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.