ALSO BELGIUM: 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
ALSO BELGIUM
NACE 46.500, Wholesale of information and communication equipment
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€925,427
2024 · -€8,086+€933,513
Equity
€13.4m
2024 · €12.4m+€925,427
Cash
€993,852
2024 · €25.1m-€24.1m
Balance sheet total
€65.1m
2024 · €80.0m-€14.9m
Largest movements
Assets
- Cash -€24.1m
down €24.1m (-96.0%), from €25.1m to €993,852
mainly Other debts (-€21.1m) and Receivables within one year (-€14.1m)
- Receivables within one year +€14.1m
up €14.1m (+30.5%), from €46.3m to €60.4m
of which Trade receivables: +€9.3m
- Stocks and contracts -€4.8m
down €4.8m (-95.6%), from €5.0m to €221,625
Equity and liabilities
- Other debts -€21.1m
down €21.1m (-95.1%), from €22.2m to €1.1m
- Tax, wage and social debts +€6.3m
up €6.3m (+77.3%), from €8.2m to €14.5m
of which Taxes: +€6.3m
- Trade debts -€1.0m
down €1.0m (-2.8%), from €37.2m to €36.1m
- Profit (loss) carried forward +€925,427
up €925,427 (+22.5%), from €4.1m to €5.0m
Income statement
- Goods and materials +€14.0m
up €14.0m (+3.3%), from €422.2m to €436.2m
of which Change in stocks: decrease (increase): +€8.2m
- Turnover +€13.2m
up €13.2m (+3.0%), from €437.9m to €451.1m
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
-€8,086
Turnover
+€13.2m
Other operating income
+€1.2m
Goods and materials
-€14.0m
Services and other goods
+€435,779
Staff costs
-€512,243
Depreciation
+€8,811
Write-downs
+€41,517
Other operating charges
+€271
Financial income
+€60,031
Financial charges
+€765,551
Taxes
-€317,139
Result 2025
€925,427
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
-€24.1m
Investment
€0
Financing
€0
Cash 2024
€25.1m
From operations (derived)
-€24.1m
Net result for the year
+€925,427
Depreciation
+€20,846
Stocks and contracts
+€4.8m
Receivables within one year
-€14.1m
Deferred charges and accrued income
+€89,683
Trade debts
-€1.0m
Tax, wage and social debts
+€6.3m
Other debts
-€21.1m
Cash 2025
€993,852
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €80,010,808 | €65,128,707 | -€14.9m | -18.6% |
| Fixed assets | 21/28 | €62,298 | €41,452 | -€20,846 | -33.5% |
| Tangible fixed assets | 22/27 | €62,298 | €41,452 | -€20,846 | -33.5% |
| Furniture and vehicles | 24 | €24,673 | €10,994 | -€13,679 | -55.4% |
| Other tangible fixed assets | 26 | €37,625 | €30,458 | -€7,167 | -19.0% |
| Current assets | 29/58 | €79,948,510 | €65,087,255 | -€14.9m | -18.6% |
| Stocks and contracts in progress | 3 | €4,993,525 | €221,625 | -€4.8m | -95.6% |
| Stocks | 30/36 | €4,993,525 | €221,625 | -€4.8m | -95.6% |
| Goods purchased for resale | 34 | €4,993,525 | €221,625 | -€4.8m | -95.6% |
| Amounts receivable within one year | 40/41 | €46,312,728 | €60,417,864 | +€14.1m | +30.5% |
| Trade receivables | 40 | €43,419,857 | €52,704,888 | +€9.3m | +21.4% |
| Other amounts receivable | 41 | €2,892,871 | €7,712,977 | +€4.8m | +167% |
| Cash at bank and in hand | 54/58 | €25,098,660 | €993,852 | -€24.1m | -96.0% |
| Deferred charges and accrued income | 490/1 | €3,543,597 | €3,453,913 | -€89,683 | -2.5% |
| Total equity and liabilities | 10/49 | €80,010,808 | €65,128,707 | -€14.9m | -18.6% |
| Equity | 10/15 | €12,448,338 | €13,373,765 | +€925,427 | +7.4% |
| Contributions | 10/11 | €8,331,125 | €8,331,125 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,111,013 | €5,036,441 | +€925,427 | +22.5% |
| Amounts payable | 17/49 | €67,562,470 | €51,754,942 | -€15.8m | -23.4% |
| Amounts payable within one year | 42/48 | €67,562,470 | €51,754,942 | -€15.8m | -23.4% |
| Trade debts | 44 | €37,153,869 | €36,113,517 | -€1.0m | -2.8% |
| Suppliers | 440/4 | €37,153,869 | €36,113,517 | -€1.0m | -2.8% |
| Taxes, remuneration and social security | 45 | €8,201,379 | €14,545,144 | +€6.3m | +77.3% |
| Taxes | 450/3 | €7,738,380 | €14,015,539 | +€6.3m | +81.1% |
| Remuneration and social security | 454/9 | €463,000 | €529,604 | +€66,604 | +14.4% |
| Other amounts payable | 47/48 | €22,207,221 | €1,096,281 | -€21.1m | -95.1% |
| Operating income | 70/76A | €438,589,640 | €453,022,741 | +€14.4m | +3.3% |
| Turnover | 70 | €437,908,469 | €451,145,448 | +€13.2m | +3.0% |
| Other operating income | 74 | €681,171 | €1,877,293 | +€1.2m | +176% |
| Operating charges | 60/66A | €436,053,896 | €450,061,928 | +€14.0m | +3.2% |
| Goods for resale, raw materials and consumables | 60 | €422,168,757 | €436,150,924 | +€14.0m | +3.3% |
| Purchases | 600/8 | €425,584,930 | €431,379,024 | +€5.8m | +1.4% |
| Change in stocks: decrease (increase) | 609 | -€3,416,172 | €4,771,900 | +€8.2m | |
| Services and other goods | 61 | €10,447,482 | €10,011,703 | -€435,779 | -4.2% |
| Remuneration, social security and pensions | 62 | €3,382,640 | €3,894,883 | +€512,243 | +15.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,657 | €20,846 | -€8,811 | -29.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €23,809 | -€17,708 | -€41,517 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €1,550 | €1,279 | -€271 | -17.5% |
| Operating profit (loss) | 9901 | €2,535,744 | €2,960,813 | +€425,069 | +16.8% |
| Financial income | 75/76B | €13,094 | €73,125 | +€60,031 | +458% |
| Recurring financial income | 75 | €13,094 | €73,125 | +€60,031 | +458% |
| Income from current assets | 751 | €369 | €557 | +€187 | +50.7% |
| Other financial income | 752/9 | €12,725 | €72,569 | +€59,844 | +470% |
| Financial charges | 65/66B | €2,469,622 | €1,704,071 | -€765,551 | -31.0% |
| Recurring financial charges | 65 | €2,469,622 | €1,704,071 | -€765,551 | -31.0% |
| Debt charges | 650 | €2,333,262 | €1,487,987 | -€845,275 | -36.2% |
| Other financial charges | 652/9 | €136,360 | €216,084 | +€79,725 | +58.5% |
| Profit (loss) for the period before taxes | 9903 | €79,216 | €1,329,868 | +€1.3m | +1,579% |
| Income taxes | 67/77 | €87,301 | €404,440 | +€317,139 | +363% |
| Taxes | 670/3 | €87,301 | €404,440 | +€317,139 | +363% |
| Tax adjustments and reversals of tax provisions | 77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€8,086 | €925,427 | +€933,513 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,086 | €925,427 | +€933,513 |
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 24 October 2026 via checked.be.