ALL ROUND: 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
ALL ROUND
NACE 46.620, Wholesale of machine tools
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€22,166
2024 · €134,170-€112,005
Equity
€5.6m
2024 · €5.6m+€22,166
Cash
€508,230
2024 · €566,450-€58,220
Balance sheet total
€6.1m
2024 · €6.1m-€22,786
Largest movements
Assets
- Current investments +€501,722
new in 2025: €501,722
- Receivables within one year -€254,522
down €254,522 (-18.4%), from €1.4m to €1.1m
of which Other amounts receivable: -€187,701
- Intangible fixed assets -€168,661
down €168,661 (-20.1%), from €838,712 to €670,051
- Stocks and contracts -€78,375
down €78,375 (-13.9%), from €563,971 to €485,597
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Gross operating margin -€118,325
down €118,325 (-10.2%), from €1.2m to €1.0m
- Write-downs -€37,692
down €37,692 (-2801.7%), from -€1,345 to -€39,037
- Other operating charges +€27,941
up €27,941 (+572.1%), from €4,884 to €32,826
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
€134,170
Gross operating margin
-€118,325
Staff costs
-€8,868
Depreciation
+€6,843
Write-downs
+€37,692
Other operating charges
-€27,941
Financial income
-€5,850
Financial charges
+€4,172
Taxes
+€274
Result 2025
€22,166
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
+€519,112
Investment
-€577,332
Financing
€0
Cash 2024
€566,450
From operations (derived)
+€519,112
Net result for the year
+€22,166
Depreciation
+€210,936
Stocks and contracts
+€78,375
Receivables within one year
+€254,522
Deferred charges and accrued income
-€1,935
Trade debts
-€60,512
Tax, wage and social debts
+€13,163
Accrued charges and deferred income
+€2,397
Investment (derived)
-€577,332
Investment in fixed assets (net)
-€75,610
Current investments
-€501,722
Cash 2025
€508,230
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,144,596 | €6,121,810 | -€22,786 | -0.4% |
| Fixed assets | 21/28 | €3,623,218 | €3,487,892 | -€135,326 | -3.7% |
| Intangible fixed assets | 21 | €838,712 | €670,051 | -€168,661 | -20.1% |
| Tangible fixed assets | 22/27 | €70,520 | €63,220 | -€7,300 | -10.4% |
| Plant, machinery and equipment | 23 | €61,338 | €28,749 | -€32,590 | -53.1% |
| Furniture and vehicles | 24 | €8,354 | €12,423 | +€4,069 | +48.7% |
| Other tangible fixed assets | 26 | €828 | €716 | -€112 | -13.5% |
| Assets under construction and advance payments | 27 | - | €21,332 | +€21,332 | |
| Financial fixed assets | 28 | €2,713,986 | €2,754,621 | +€40,635 | +1.5% |
| Current assets | 29/58 | €2,521,378 | €2,633,918 | +€112,540 | +4.5% |
| Stocks and contracts in progress | 3 | €563,971 | €485,597 | -€78,375 | -13.9% |
| Stocks | 30/36 | €563,971 | €485,597 | -€78,375 | -13.9% |
| Amounts receivable within one year | 40/41 | €1,380,098 | €1,125,576 | -€254,522 | -18.4% |
| Trade receivables | 40 | €525,605 | €458,784 | -€66,821 | -12.7% |
| Other amounts receivable | 41 | €854,492 | €666,791 | -€187,701 | -22.0% |
| Current investments | 50/53 | - | €501,722 | +€501,722 | |
| Cash at bank and in hand | 54/58 | €566,450 | €508,230 | -€58,220 | -10.3% |
| Deferred charges and accrued income | 490/1 | €10,858 | €12,794 | +€1,935 | +17.8% |
| Total equity and liabilities | 10/49 | €6,144,596 | €6,121,810 | -€22,786 | -0.4% |
| Equity | 10/15 | €5,622,249 | €5,644,414 | +€22,166 | +0.4% |
| Contributions | 10/11 | €5,980,426 | €5,980,426 | = | 0.0% |
| Capital | 10 | €5,980,426 | €5,980,426 | = | 0.0% |
| Issued capital | 100 | €5,980,426 | €5,980,426 | = | 0.0% |
| Reserves | 13 | €197,002 | €197,002 | = | 0.0% |
| Non-distributable reserves | 130/1 | €13,015 | €13,015 | = | 0.0% |
| Legal reserve | 130 | €13,015 | €13,015 | = | 0.0% |
| Distributable reserves | 133 | €183,987 | €183,987 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€555,180 | -€533,014 | +€22,166 | +4.0% |
| Amounts payable | 17/49 | €522,347 | €477,396 | -€44,951 | -8.6% |
| Amounts payable within one year | 42/48 | €418,677 | €371,328 | -€47,349 | -11.3% |
| Trade debts | 44 | €273,402 | €212,890 | -€60,512 | -22.1% |
| Suppliers | 440/4 | €273,402 | €212,890 | -€60,512 | -22.1% |
| Taxes, remuneration and social security | 45 | €145,275 | €158,438 | +€13,163 | +9.1% |
| Taxes | 450/3 | €25,318 | €22,960 | -€2,358 | -9.3% |
| Remuneration and social security | 454/9 | €119,957 | €135,478 | +€15,521 | +12.9% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €103,670 | €106,068 | +€2,397 | +2.3% |
| Non-recurring operating income | 76A | €4,149 | €3,681 | -€468 | -11.3% |
| Remuneration, social security and pensions | 62 | €819,756 | €828,625 | +€8,868 | +1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €217,779 | €210,936 | -€6,843 | -3.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,345 | -€39,037 | -€37,692 | -2801.7% |
| Other operating charges | 640/8 | €4,884 | €32,826 | +€27,941 | +572.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €1,161,501 | €1,043,176 | -€118,325 | -10.2% |
| Operating profit (loss) | 9901 | €120,426 | €9,826 | -€110,600 | -91.8% |
| Financial income | 75/76B | €27,076 | €21,225 | -€5,850 | -21.6% |
| Recurring financial income | 75 | €27,076 | €21,225 | -€5,850 | -21.6% |
| Financial charges | 65/66B | €12,524 | €8,352 | -€4,172 | -33.3% |
| Recurring financial charges | 65 | €12,524 | €8,352 | -€4,172 | -33.3% |
| Profit (loss) for the period before taxes | 9903 | €134,978 | €22,700 | -€112,278 | -83.2% |
| Income taxes | 67/77 | €808 | €534 | -€274 | -33.9% |
| Profit (loss) for the period | 9904 | €134,170 | €22,166 | -€112,005 | -83.5% |
| Profit (loss) for the period to be appropriated | 9905 | €134,170 | €22,166 | -€112,005 | -83.5% |
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 8 October 2026 via checked.be.