ACTUEL TRADING: 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
ACTUEL TRADING
NACE 46.423, Wholesale of clothing, excluding workwear and underwear
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€211,375
2024 · €223,918-€12,543
Equity
€4.2m
2024 · €3.9m+€209,709
Cash
€263,108
2024 · €170,489+€92,619
Balance sheet total
€4.9m
2024 · €4.5m+€493,605
Largest movements
Assets
- Current investments -€825,000
down €825,000 (-43.4%), from €1.9m to €1.1m
- Receivables after one year +€412,500
up €412,500 (+37.2%), from €1.1m to €1.5m
- Receivables within one year +€388,934
up €388,934 (+47.9%), from €812,471 to €1.2m
of which Trade receivables: +€346,492
- Stocks and contracts +€340,528
up €340,528 (+266%), from €128,082 to €468,610
- Tangible fixed assets +€108,161
up €108,161 (+40.9%), from €264,544 to €372,705
of which Furniture and vehicles: +€105,130
Equity and liabilities
- Reserves +€209,709
up €209,709 (+6.5%), from €3.2m to €3.4m
of which Distributable reserves: +€390,739
- Trade debts +€141,556
up €141,556 (+42.8%), from €330,621 to €472,177
- Other debts +€98,717
up €98,717 (+63.8%), from €154,834 to €253,551
Income statement
- Financial income +€39,579
up €39,579 (+26.0%), from €152,417 to €191,996
- Taxes +€37,429
up €37,429 (+43.4%), from €86,334 to €123,763
- Gross operating margin +€33,979
up €33,979 (+10.4%), from €326,154 to €360,133
- Provisions +€19,657
new in 2025: €19,657
- Other operating charges +€16,312
up €16,312 (+192%), from €8,516 to €24,828
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
€223,918
Gross operating margin
+€33,979
Staff costs
-€10
Depreciation
-€330
Write-downs
-€14,922
Provisions
-€19,657
Other operating charges
-€16,312
Financial income
+€39,579
Financial charges
+€2,559
Taxes
-€37,429
Result 2025
€211,375
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
-€584,157
Investment
+€678,441
Financing
-€1,666
Cash 2024
€170,489
From operations (derived)
-€584,157
Net result for the year
+€211,375
Depreciation
+€38,397
Receivables after one year
-€412,500
Stocks and contracts
-€340,528
Receivables within one year
-€388,934
Deferred charges and accrued income
+€24,137
Provisions
+€19,657
Trade debts
+€141,556
Tax, wage and social debts
+€2,529
Advances received
+€14,105
Other debts
+€98,717
Accrued charges and deferred income
+€7,332
Investment (derived)
+€678,441
Investment in fixed assets (net)
-€146,559
Current investments
+€825,000
Financing
-€1,666
Contributions, distributions and other
-€1,666
Cash 2025
€263,108
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,456,385 | €4,949,989 | +€493,605 | +11.1% |
| Fixed assets | 21/28 | €264,544 | €372,705 | +€108,161 | +40.9% |
| Tangible fixed assets | 22/27 | €264,544 | €372,705 | +€108,161 | +40.9% |
| Land and buildings | 22 | €171,200 | €167,600 | -€3,600 | -2.1% |
| Plant, machinery and equipment | 23 | €68,097 | €74,728 | +€6,631 | +9.7% |
| Furniture and vehicles | 24 | €25,246 | €130,377 | +€105,130 | +416% |
| Current assets | 29/58 | €4,191,841 | €4,577,284 | +€385,443 | +9.2% |
| Amounts receivable after more than one year | 29 | €1,108,000 | €1,520,500 | +€412,500 | +37.2% |
| Other amounts receivable | 291 | €1,108,000 | €1,520,500 | +€412,500 | +37.2% |
| Stocks and contracts in progress | 3 | €128,082 | €468,610 | +€340,528 | +266% |
| Stocks | 30/36 | €128,082 | €468,610 | +€340,528 | +266% |
| Amounts receivable within one year | 40/41 | €812,471 | €1,201,405 | +€388,934 | +47.9% |
| Trade receivables | 40 | €718,380 | €1,064,872 | +€346,492 | +48.2% |
| Other amounts receivable | 41 | €94,091 | €136,533 | +€42,442 | +45.1% |
| Current investments | 50/53 | €1,900,000 | €1,075,000 | -€825,000 | -43.4% |
| Cash at bank and in hand | 54/58 | €170,489 | €263,108 | +€92,619 | +54.3% |
| Deferred charges and accrued income | 490/1 | €72,798 | €48,661 | -€24,137 | -33.2% |
| Total equity and liabilities | 10/49 | €4,456,385 | €4,949,989 | +€493,605 | +11.1% |
| Equity | 10/15 | €3,944,643 | €4,154,352 | +€209,709 | +5.3% |
| Contributions | 10/11 | €719,585 | €719,585 | = | 0.0% |
| Capital | 10 | €719,585 | €719,585 | = | 0.0% |
| Issued capital | 100 | €719,585 | €719,585 | = | 0.0% |
| Reserves | 13 | €3,225,058 | €3,434,767 | +€209,709 | +6.5% |
| Non-distributable reserves | 130/1 | €71,959 | €71,959 | = | 0.0% |
| Legal reserve | 130 | €71,959 | €71,959 | = | 0.0% |
| Tax-exempt reserves | 132 | €370,480 | €189,450 | -€181,030 | -48.9% |
| Distributable reserves | 133 | €2,782,620 | €3,173,359 | +€390,739 | +14.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | - | €19,657 | +€19,657 | |
| Provisions for liabilities and charges | 160/5 | - | €19,657 | +€19,657 | |
| Other liabilities and charges | 164/5 | - | €19,657 | +€19,657 | |
| Amounts payable | 17/49 | €511,741 | €775,980 | +€264,239 | +51.6% |
| Amounts payable within one year | 42/48 | €504,741 | €761,648 | +€256,907 | +50.9% |
| Trade debts | 44 | €330,621 | €472,177 | +€141,556 | +42.8% |
| Suppliers | 440/4 | €330,621 | €472,177 | +€141,556 | +42.8% |
| Advances received on contracts in progress | 46 | €13,929 | €28,034 | +€14,105 | +101% |
| Taxes, remuneration and social security | 45 | €5,357 | €7,886 | +€2,529 | +47.2% |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €5,357 | €7,886 | +€2,529 | +47.2% |
| Other amounts payable | 47/48 | €154,834 | €253,551 | +€98,717 | +63.8% |
| Accrued charges and deferred income | 492/3 | €7,000 | €14,332 | +€7,332 | +105% |
| Remuneration, social security and pensions | 62 | €37,109 | €37,119 | +€10 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,068 | €38,397 | +€330 | +0.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | €14,922 | +€14,922 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €19,657 | +€19,657 | |
| Other operating charges | 640/8 | €8,516 | €24,828 | +€16,312 | +192% |
| Gross operating margin | 9900 | €326,154 | €360,133 | +€33,979 | +10.4% |
| Operating profit (loss) | 9901 | €242,462 | €225,210 | -€17,252 | -7.1% |
| Financial income | 75/76B | €152,417 | €191,996 | +€39,579 | +26.0% |
| Recurring financial income | 75 | €152,417 | €191,996 | +€39,579 | +26.0% |
| Financial charges | 65/66B | €84,627 | €82,068 | -€2,559 | -3.0% |
| Recurring financial charges | 65 | €84,627 | €82,068 | -€2,559 | -3.0% |
| Profit (loss) for the period before taxes | 9903 | €310,252 | €335,138 | +€24,886 | +8.0% |
| Income taxes | 67/77 | €86,334 | €123,763 | +€37,429 | +43.4% |
| Profit (loss) for the period | 9904 | €223,918 | €211,375 | -€12,543 | -5.6% |
| Transfer from tax-exempt reserves | 789 | €0 | €181,030 | +€181,030 | |
| Transfer to tax-exempt reserves | 689 | €105,250 | €0 | -€105,250 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €118,668 | €392,405 | +€273,737 | +231% |
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 25 October 2026 via checked.be.