B-CLOSE: 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-CLOSE
NACE 46.649, Wholesale of other machinery and equipment
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.4m
2024 · -€713,983+€2.1m
Equity
€12.6m
2024 · €11.2m+€1.4m
Cash
€679,414
2024 · €391,519+€287,895
Balance sheet total
€50.9m
2024 · €49.2m+€1.7m
Largest movements
Assets
- Receivables within one year +€2.3m
up €2.3m (+12.6%), from €18.0m to €20.2m
of which Trade receivables: +€2.3m
- Financial fixed assets -€2.0m
down €2.0m (-19.4%), from €10.2m to €8.3m
of which Affiliated companies: -€2.0m
- Stocks and contracts +€995,840
up €995,840 (+8.9%), from €11.2m to €12.2m
Equity and liabilities
- Trade debts +€998,967
up €998,967 (+10.5%), from €9.5m to €10.5m
- Accrued charges and deferred income -€833,107
down €833,107 (-28.7%), from €2.9m to €2.1m
- Profit (loss) carried forward +€777,528
up €777,528 (+18.5%), from €4.2m to €5.0m
- Short-term financial debts +€680,955
up €680,955 (+5.1%), from €13.4m to €14.1m
- Tax, wage and social debts +€669,320
up €669,320 (+15.7%), from €4.3m to €4.9m
of which Taxes: +€521,614
Income statement
- Turnover +€6.5m
up €6.5m (+6.2%), from €104.3m to €110.7m
- Services and other goods +€2.5m
up €2.5m (+10.3%), from €24.4m to €26.9m
- Financial charges -€1.5m
down €1.5m (-34.7%), from €4.3m to €2.8m
of which Non-recurring financial charges: -€1.3m
- Goods and materials +€1.2m
up €1.2m (+2.1%), from €57.6m to €58.8m
of which Purchases: +€3.5m
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
-€713,983
Turnover
+€6.5m
Other operating income
+€145,476
Goods and materials
-€1.2m
Services and other goods
-€2.5m
Staff costs
-€1.1m
Depreciation
-€863,161
Write-downs
-€61,787
Provisions
+€47,293
Other operating charges
+€24,565
Other operating items
+€171,818
Financial income
-€59,054
Financial charges
+€1.5m
Taxes
-€443,661
Result 2025
€1.4m
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
+€1.3m
Investment
-€1.1m
Financing
+€26,032
Cash 2024
€391,519
From operations (derived)
+€1.3m
Net result for the year
+€1.4m
Depreciation
+€3.2m
Stocks and contracts
-€995,840
Receivables within one year
-€2.3m
Deferred charges and accrued income
-€231,746
Provisions
+€26,501
Trade debts
+€998,967
Tax, wage and social debts
+€669,320
Advances received
-€368,815
Other debts
-€259,350
Accrued charges and deferred income
-€833,107
Investment (derived)
-€1.1m
Investment in fixed assets (net)
-€1.1m
Financing
+€26,032
Debts after one year
-€141,523
Current portion of long-term debt
-€513,400
Short-term financial debts
+€680,955
Cash 2025
€679,414
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €49,234,875 | €50,903,450 | +€1.7m | +3.4% |
| Fixed assets | 21/28 | €18,206,051 | €16,094,478 | -€2.1m | -11.6% |
| Intangible fixed assets | 21 | - | €52,107 | +€52,107 | |
| Tangible fixed assets | 22/27 | €7,960,025 | €7,784,687 | -€175,338 | -2.2% |
| Land and buildings | 22 | €129,334 | €89,674 | -€39,660 | -30.7% |
| Plant, machinery and equipment | 23 | €680,332 | €659,382 | -€20,951 | -3.1% |
| Furniture and vehicles | 24 | €103,313 | €247,874 | +€144,561 | +139.9% |
| Other tangible fixed assets | 26 | €7,047,046 | €6,692,722 | -€354,324 | -5.0% |
| Assets under construction and advance payments | 27 | - | €95,035 | +€95,035 | |
| Financial fixed assets | 28 | €10,246,026 | €8,257,684 | -€2.0m | -19.4% |
| Affiliated companies | 280/1 | €10,195,696 | €8,195,696 | -€2.0m | -19.6% |
| Participating interests | 280 | €10,195,696 | €8,195,696 | -€2.0m | -19.6% |
| Other financial fixed assets | 284/8 | €50,330 | €61,987 | +€11,658 | +23.2% |
| Amounts receivable and cash guarantees | 285/8 | €50,330 | €61,987 | +€11,658 | +23.2% |
| Current assets | 29/58 | €31,028,824 | €34,808,972 | +€3.8m | +12.2% |
| Stocks and contracts in progress | 3 | €11,189,466 | €12,185,305 | +€995,840 | +8.9% |
| Stocks | 30/36 | €11,189,466 | €12,185,305 | +€995,840 | +8.9% |
| Work in progress | 32 | €213,027 | €333,422 | +€120,395 | +56.5% |
| Goods purchased for resale | 34 | €10,926,933 | €11,851,883 | +€924,950 | +8.5% |
| Advance payments | 36 | €49,505 | - | -€49,505 | |
| Amounts receivable within one year | 40/41 | €17,974,219 | €20,238,886 | +€2.3m | +12.6% |
| Trade receivables | 40 | €17,847,661 | €20,145,759 | +€2.3m | +12.9% |
| Other amounts receivable | 41 | €126,558 | €93,128 | -€33,431 | -26.4% |
| Cash at bank and in hand | 54/58 | €391,519 | €679,414 | +€287,895 | +73.5% |
| Deferred charges and accrued income | 490/1 | €1,473,620 | €1,705,366 | +€231,746 | +15.7% |
| Total equity and liabilities | 10/49 | €49,234,875 | €50,903,450 | +€1.7m | +3.4% |
| Equity | 10/15 | €11,203,371 | €12,612,399 | +€1.4m | +12.6% |
| Contributions | 10/11 | €2,170,395 | €2,170,395 | = | 0.0% |
| Capital | 10 | €2,071,857 | €2,071,857 | = | 0.0% |
| Issued capital | 100 | €2,071,857 | €2,071,857 | = | 0.0% |
| Outside capital | 11 | €98,538 | €98,538 | = | 0.0% |
| Share premium | 1100/10 | €98,538 | €98,538 | = | 0.0% |
| Reserves | 13 | €4,823,779 | €5,455,279 | +€631,500 | +13.1% |
| Non-distributable reserves | 130/1 | €207,186 | €207,186 | = | 0.0% |
| Legal reserve | 130 | €207,186 | €207,186 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,747,462 | €3,378,962 | +€631,500 | +23.0% |
| Distributable reserves | 133 | €1,869,131 | €1,869,131 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,209,198 | €4,986,726 | +€777,528 | +18.5% |
| Provisions and deferred taxes | 16 | €243,021 | €269,522 | +€26,501 | +10.9% |
| Provisions for liabilities and charges | 160/5 | €243,021 | €269,522 | +€26,501 | +10.9% |
| Other liabilities and charges | 164/5 | €243,021 | €269,522 | +€26,501 | +10.9% |
| Amounts payable | 17/49 | €37,788,483 | €38,021,530 | +€233,047 | +0.6% |
| Amounts payable after more than one year | 17 | €3,583,316 | €3,441,794 | -€141,523 | -3.9% |
| Financial debts | 170/4 | €2,173,325 | €1,753,494 | -€419,830 | -19.3% |
| Subordinated loans | 170 | €1,000,000 | €1,000,000 | = | 0.0% |
| Credit institutions | 173 | €1,173,325 | €753,494 | -€419,830 | -35.8% |
| Other amounts payable | 178/9 | €1,409,992 | €1,688,299 | +€278,308 | +19.7% |
| Amounts payable within one year | 42/48 | €31,306,923 | €32,514,600 | +€1.2m | +3.9% |
| Current portion of amounts payable after more than one year | 42 | €2,033,371 | €1,519,971 | -€513,400 | -25.2% |
| Financial debts | 43 | €13,409,916 | €14,090,871 | +€680,955 | +5.1% |
| Credit institutions | 430/8 | €13,409,916 | €14,090,871 | +€680,955 | +5.1% |
| Trade debts | 44 | €9,545,136 | €10,544,103 | +€998,967 | +10.5% |
| Suppliers | 440/4 | €9,545,136 | €10,544,103 | +€998,967 | +10.5% |
| Advances received on contracts in progress | 46 | €443,728 | €74,913 | -€368,815 | -83.1% |
| Taxes, remuneration and social security | 45 | €4,260,575 | €4,929,894 | +€669,320 | +15.7% |
| Taxes | 450/3 | €1,726,883 | €2,248,497 | +€521,614 | +30.2% |
| Remuneration and social security | 454/9 | €2,533,691 | €2,681,397 | +€147,706 | +5.8% |
| Other amounts payable | 47/48 | €1,614,197 | €1,354,847 | -€259,350 | -16.1% |
| Accrued charges and deferred income | 492/3 | €2,898,244 | €2,065,136 | -€833,107 | -28.7% |
| Operating income | 70/76A | €104,962,590 | €111,772,214 | +€6.8m | +6.5% |
| Turnover | 70 | €104,251,273 | €110,743,603 | +€6.5m | +6.2% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€51,423 | €120,395 | +€171,818 | |
| Other operating income | 74 | €762,740 | €908,216 | +€145,476 | +19.1% |
| Operating charges | 60/66A | €100,502,427 | €106,172,915 | +€5.7m | +5.6% |
| Goods for resale, raw materials and consumables | 60 | €57,607,300 | €58,831,123 | +€1.2m | +2.1% |
| Purchases | 600/8 | €56,292,763 | €59,756,073 | +€3.5m | +6.2% |
| Change in stocks: decrease (increase) | 609 | €1,314,537 | -€924,950 | -€2.2m | |
| Services and other goods | 61 | €24,399,227 | €26,901,841 | +€2.5m | +10.3% |
| Remuneration, social security and pensions | 62 | €16,043,093 | €17,134,054 | +€1.1m | +6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,299,552 | €3,162,713 | +€863,161 | +37.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €31,515 | €93,302 | +€61,787 | +196.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €44,078 | -€3,215 | -€47,293 | |
| Other operating charges | 640/8 | €77,662 | €53,097 | -€24,565 | -31.6% |
| Operating profit (loss) | 9901 | €4,460,163 | €5,599,299 | +€1.1m | +25.5% |
| Financial income | 75/76B | €86,033 | €26,979 | -€59,054 | -68.6% |
| Recurring financial income | 75 | €86,033 | €26,979 | -€59,054 | -68.6% |
| Income from current assets | 751 | €73,758 | - | -€73,758 | |
| Other financial income | 752/9 | €12,274 | €26,979 | +€14,704 | +119.8% |
| Financial charges | 65/66B | €4,279,245 | €2,792,654 | -€1.5m | -34.7% |
| Recurring financial charges | 65 | €1,029,245 | €792,654 | -€236,590 | -23.0% |
| Debt charges | 650 | €1,024,347 | €781,781 | -€242,566 | -23.7% |
| Other financial charges | 652/9 | €4,898 | €10,874 | +€5,976 | +122.0% |
| Non-recurring financial charges | 66B | €3,250,000 | €2,000,000 | -€1.3m | -38.5% |
| Profit (loss) for the period before taxes | 9903 | €266,951 | €2,833,623 | +€2.6m | +961.5% |
| Income taxes | 67/77 | €980,933 | €1,424,595 | +€443,661 | +45.2% |
| Taxes | 670/3 | €994,448 | €1,432,360 | +€437,912 | +44.0% |
| Tax adjustments and reversals of tax provisions | 77 | €13,515 | €7,765 | -€5,750 | -42.5% |
| Profit (loss) for the period | 9904 | -€713,983 | €1,409,028 | +€2.1m | |
| Transfer from tax-exempt reserves | 789 | €547,300 | - | -€547,300 | |
| Transfer to tax-exempt reserves | 689 | €842,000 | €631,500 | -€210,500 | -25.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,008,683 | €777,528 | +€1.8m |
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 7 October 2026 via checked.be.