B - CABLES: 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
B - CABLES
NACE 46.643, Wholesale of electrical equipment, including installation materials
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€3.7m
2024 · €6.4m-€2.7m
Equity
€25.1m
2024 · €27.4m-€2.3m
Cash
€4.8m
2024 · €4.3m+€429,142
Balance sheet total
€33.3m
2024 · €31.2m+€2.1m
Largest movements
Assets
- Current investments +€3.0m
up €3.0m (+300.0%), from €1.0m to €4.0m
- Stocks and contracts -€1.8m
down €1.8m (-10.8%), from €16.4m to €14.7m
- Financial fixed assets +€1.2m
up €1.2m (+333.8%), from €371,625 to €1.6m
of which Affiliated companies: +€1.2m
- Receivables within one year -€656,151
down €656,151 (-8.3%), from €7.9m to €7.2m
of which Trade receivables: -€897,228
- Cash +€429,142
up €429,142 (+9.9%), from €4.3m to €4.8m
mainly Other debts (+€5.2m) and Net result for the year (+€3.7m)
Equity and liabilities
- Other debts +€5.2m
up €5.2m (+614.3%), from €840,000 to €6.0m
- Reserves -€2.3m
down €2.3m (-8.5%), from €27.1m to €24.8m
of which Distributable reserves: -€2.2m
- Tax, wage and social debts -€564,222
down €564,222 (-39.7%), from €1.4m to €856,016
of which Taxes: -€558,364
Income statement
- Turnover -€2.9m
down €2.9m (-5.8%), from €49.5m to €46.7m
- Goods and materials -€1.1m
down €1.1m (-3.0%), from €37.4m to €36.2m
of which Purchases: -€2.9m
- Services and other goods +€969,693
up €969,693 (+34.6%), from €2.8m to €3.8m
- Taxes -€771,895
down €771,895 (-38.2%), from €2.0m to €1.2m
of which Taxes: -€811,478
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
€6.4m
Turnover
-€2.9m
Other operating income
+€1,771
Goods and materials
+€1.1m
Services and other goods
-€969,693
Staff costs
-€129,498
Depreciation
-€43,675
Write-downs
-€349,542
Other operating charges
-€57,750
Other operating items
-€38,171
Financial income
-€190,157
Financial charges
+€90,164
Taxes
+€771,895
Result 2025
€3.7m
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
+€10.8m
Investment
-€4.4m
Financing
-€6.0m
Cash 2024
€4.3m
From operations (derived)
+€10.8m
Net result for the year
+€3.7m
Depreciation
+€256,360
Stocks and contracts
+€1.8m
Receivables within one year
+€656,151
Deferred charges and accrued income
-€31,225
Trade debts
-€147,614
Tax, wage and social debts
-€564,222
Other debts
+€5.2m
Accrued charges and deferred income
-€4,800
Investment (derived)
-€4.4m
Investment in fixed assets (net)
-€1.4m
Current investments
-€3.0m
Financing
-€6.0m
Contributions, distributions and other
-€6.0m
Cash 2025
€4.8m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €31,179,594 | €33,317,180 | +€2.1m | +6.9% |
| Fixed assets | 21/28 | €1,502,195 | €2,613,958 | +€1.1m | +74.0% |
| Tangible fixed assets | 22/27 | €1,130,569 | €1,001,829 | -€128,741 | -11.4% |
| Plant, machinery and equipment | 23 | €142,165 | €113,420 | -€28,744 | -20.2% |
| Furniture and vehicles | 24 | €335,351 | €324,589 | -€10,762 | -3.2% |
| Other tangible fixed assets | 26 | €653,053 | €552,485 | -€100,569 | -15.4% |
| Assets under construction and advance payments | 27 | - | €11,334 | +€11,334 | |
| Financial fixed assets | 28 | €371,625 | €1,612,129 | +€1.2m | +333.8% |
| Affiliated companies | 280/1 | €359,485 | €1,599,989 | +€1.2m | +345.1% |
| Participating interests | 280 | €54,000 | €54,010 | +€10 | 0.0% |
| Amounts receivable | 281 | €305,485 | €1,545,979 | +€1.2m | +406.1% |
| Other financial fixed assets | 284/8 | €12,140 | €12,140 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €12,140 | €12,140 | = | 0.0% |
| Current assets | 29/58 | €29,677,400 | €30,703,222 | +€1.0m | +3.5% |
| Stocks and contracts in progress | 3 | €16,435,403 | €14,657,009 | -€1.8m | -10.8% |
| Stocks | 30/36 | €16,435,403 | €14,657,009 | -€1.8m | -10.8% |
| Goods purchased for resale | 34 | €15,493,203 | €13,613,409 | -€1.9m | -12.1% |
| Advance payments | 36 | €942,199 | €1,043,600 | +€101,400 | +10.8% |
| Amounts receivable within one year | 40/41 | €7,902,660 | €7,246,509 | -€656,151 | -8.3% |
| Trade receivables | 40 | €7,808,146 | €6,910,918 | -€897,228 | -11.5% |
| Other amounts receivable | 41 | €94,515 | €335,592 | +€241,077 | +255.1% |
| Current investments | 50/53 | €1,000,000 | €4,000,000 | +€3.0m | +300.0% |
| Other investments | 51/53 | €1,000,000 | €4,000,000 | +€3.0m | +300.0% |
| Cash at bank and in hand | 54/58 | €4,337,546 | €4,766,688 | +€429,142 | +9.9% |
| Deferred charges and accrued income | 490/1 | €1,791 | €33,016 | +€31,225 | +1743.6% |
| Total equity and liabilities | 10/49 | €31,179,594 | €33,317,180 | +€2.1m | +6.9% |
| Equity | 10/15 | €27,443,963 | €25,138,185 | -€2.3m | -8.4% |
| Contributions | 10/11 | €370,000 | €370,000 | = | 0.0% |
| Capital | 10 | €370,000 | €370,000 | = | 0.0% |
| Issued capital | 100 | €370,000 | €370,000 | = | 0.0% |
| Reserves | 13 | €27,073,963 | €24,768,185 | -€2.3m | -8.5% |
| Non-distributable reserves | 130/1 | €307,000 | €307,000 | = | 0.0% |
| Legal reserve | 130 | €307,000 | €307,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €860,750 | €713,400 | -€147,350 | -17.1% |
| Distributable reserves | 133 | €25,906,213 | €23,747,785 | -€2.2m | -8.3% |
| Amounts payable | 17/49 | €3,735,631 | €8,178,995 | +€4.4m | +118.9% |
| Amounts payable within one year | 42/48 | €3,730,831 | €8,178,995 | +€4.4m | +119.2% |
| Trade debts | 44 | €1,470,593 | €1,322,979 | -€147,614 | -10.0% |
| Suppliers | 440/4 | €1,470,593 | €1,322,979 | -€147,614 | -10.0% |
| Taxes, remuneration and social security | 45 | €1,420,238 | €856,016 | -€564,222 | -39.7% |
| Taxes | 450/3 | €1,281,959 | €723,595 | -€558,364 | -43.6% |
| Remuneration and social security | 454/9 | €138,279 | €132,421 | -€5,858 | -4.2% |
| Other amounts payable | 47/48 | €840,000 | €6,000,000 | +€5.2m | +614.3% |
| Accrued charges and deferred income | 492/3 | €4,800 | - | -€4,800 | |
| Operating income | 70/76A | €49,568,365 | €46,686,684 | -€2.9m | -5.8% |
| Turnover | 70 | €49,545,279 | €46,664,307 | -€2.9m | -5.8% |
| Other operating income | 74 | €20,606 | €22,377 | +€1,771 | +8.6% |
| Non-recurring operating income | 76A | €2,479 | - | -€2,479 | |
| Operating charges | 60/66A | €41,226,220 | €41,681,369 | +€455,149 | +1.1% |
| Goods for resale, raw materials and consumables | 60 | €37,353,211 | €36,222,509 | -€1.1m | -3.0% |
| Purchases | 600/8 | €37,237,518 | €34,362,071 | -€2.9m | -7.7% |
| Change in stocks: decrease (increase) | 609 | €115,693 | €1,860,438 | +€1.7m | +1508.1% |
| Services and other goods | 61 | €2,805,294 | €3,774,987 | +€969,693 | +34.6% |
| Remuneration, social security and pensions | 62 | €1,134,603 | €1,264,101 | +€129,498 | +11.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €212,685 | €256,360 | +€43,675 | +20.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€299,986 | €49,556 | +€349,542 | |
| Other operating charges | 640/8 | €16,046 | €73,796 | +€57,750 | +359.9% |
| Non-recurring operating charges | 66A | €4,368 | €40,060 | +€35,692 | +817.1% |
| Operating profit (loss) | 9901 | €8,342,144 | €5,005,315 | -€3.3m | -40.0% |
| Financial income | 75/76B | €342,992 | €152,835 | -€190,157 | -55.4% |
| Recurring financial income | 75 | €342,992 | €152,835 | -€190,157 | -55.4% |
| Income from financial fixed assets | 750 | €225,000 | - | -€225,000 | |
| Income from current assets | 751 | €13,859 | €43,547 | +€29,688 | +214.2% |
| Other financial income | 752/9 | €104,133 | €109,288 | +€5,156 | +5.0% |
| Financial charges | 65/66B | €307,123 | €216,959 | -€90,164 | -29.4% |
| Recurring financial charges | 65 | €307,123 | €216,959 | -€90,164 | -29.4% |
| Debt charges | 650 | €26,104 | €102 | -€26,002 | -99.6% |
| Other financial charges | 652/9 | €281,019 | €216,857 | -€64,162 | -22.8% |
| Profit (loss) for the period before taxes | 9903 | €8,378,013 | €4,941,191 | -€3.4m | -41.0% |
| Income taxes | 67/77 | €2,018,865 | €1,246,970 | -€771,895 | -38.2% |
| Taxes | 670/3 | €2,058,448 | €1,246,970 | -€811,478 | -39.4% |
| Tax adjustments and reversals of tax provisions | 77 | €39,583 | - | -€39,583 | |
| Profit (loss) for the period | 9904 | €6,359,148 | €3,694,221 | -€2.7m | -41.9% |
| Transfer from tax-exempt reserves | 789 | - | €147,350 | +€147,350 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,359,148 | €3,841,571 | -€2.5m | -39.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.