BOLD: 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
BOLD
NACE 46.494, Wholesale of non-electrical household articles
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€241,715
2024 · -€90,596-€151,119
Equity
€3.1m
2024 · €3.3m-€241,715
Cash
€16,732
2024 · €38,492-€21,760
Balance sheet total
€4.2m
2024 · €4.4m-€238,160
Largest movements
Assets
- Current investments -€161,815
down €161,815 (-6.1%), from €2.7m to €2.5m
- Tangible fixed assets -€45,761
down €45,761 (-2.9%), from €1.6m to €1.5m
of which Land and buildings: -€43,460
Equity and liabilities
- Profit (loss) carried forward -€241,715
down €241,715 (-11.1%), from €2.2m to €1.9m
- Debts after one year -€74,352
down €74,352 (-8.2%), from €907,199 to €832,848
- Other debts +€55,908
up €55,908 (+53.7%), from €104,075 to €159,983
Income statement
- Financial charges +€181,851
up €181,851, from -€36,143 to €145,708
- Turnover +€50,995
up €50,995 (+22.2%), from €229,269 to €280,264
- Goods and materials +€34,610
up €34,610 (+39.2%), from €88,379 to €122,989
of which Purchases: +€27,622
- Services and other goods -€27,799
down €27,799 (-21.0%), from €132,138 to €104,339
- Staff costs +€10,099
up €10,099 (+10.9%), from €92,791 to €102,890
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
-€90,596
Turnover
+€50,995
Other operating income
+€2,273
Goods and materials
-€34,610
Services and other goods
+€27,799
Staff costs
-€10,099
Depreciation
+€495
Other operating charges
-€2,934
Financial income
-€3,184
Financial charges
-€181,851
Taxes
-€4
Result 2025
-€241,715
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
-€110,047
Investment
+€161,815
Financing
-€73,528
Cash 2024
€38,492
From operations (derived)
-€110,047
Net result for the year
-€241,715
Depreciation
+€45,761
Stocks and contracts
+€1,826
Receivables within one year
+€7
Deferred charges and accrued income
+€6,991
Trade debts
+€6,994
Tax, wage and social debts
+€4,106
Other debts
+€55,908
Accrued charges and deferred income
+€10,074
Investment (derived)
+€161,815
Current investments
+€161,815
Financing
-€73,528
Debts after one year
-€74,352
Current portion of long-term debt
+€824
Cash 2025
€16,732
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,423,979 | €4,185,819 | -€238,160 | -5.4% |
| Fixed assets | 21/28 | €1,569,017 | €1,523,256 | -€45,761 | -2.9% |
| Tangible fixed assets | 22/27 | €1,569,017 | €1,523,256 | -€45,761 | -2.9% |
| Land and buildings | 22 | €1,565,890 | €1,522,430 | -€43,460 | -2.8% |
| Furniture and vehicles | 24 | €3,127 | €826 | -€2,301 | -73.6% |
| Current assets | 29/58 | €2,854,962 | €2,662,562 | -€192,399 | -6.7% |
| Stocks and contracts in progress | 3 | €142,878 | €141,052 | -€1,826 | -1.3% |
| Stocks | 30/36 | €142,878 | €141,052 | -€1,826 | -1.3% |
| Goods purchased for resale | 34 | €142,878 | €141,052 | -€1,826 | -1.3% |
| Amounts receivable within one year | 40/41 | €9,721 | €9,714 | -€7 | -0.1% |
| Trade receivables | 40 | €486 | - | -€486 | |
| Other amounts receivable | 41 | €9,235 | €9,714 | +€479 | +5.2% |
| Current investments | 50/53 | €2,655,170 | €2,493,355 | -€161,815 | -6.1% |
| Other investments | 51/53 | €2,655,170 | €2,493,355 | -€161,815 | -6.1% |
| Cash at bank and in hand | 54/58 | €38,492 | €16,732 | -€21,760 | -56.5% |
| Deferred charges and accrued income | 490/1 | €8,701 | €1,710 | -€6,991 | -80.3% |
| Total equity and liabilities | 10/49 | €4,423,979 | €4,185,819 | -€238,160 | -5.4% |
| Equity | 10/15 | €3,299,086 | €3,057,371 | -€241,715 | -7.3% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €1,058,697 | €1,058,697 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Tax-exempt reserves | 132 | €732,833 | €732,833 | = | 0.0% |
| Distributable reserves | 133 | €319,667 | €319,667 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,178,415 | €1,936,700 | -€241,715 | -11.1% |
| Amounts payable | 17/49 | €1,124,893 | €1,128,448 | +€3,554 | +0.3% |
| Amounts payable after more than one year | 17 | €907,199 | €832,848 | -€74,352 | -8.2% |
| Financial debts | 170/4 | €907,199 | €832,848 | -€74,352 | -8.2% |
| Credit institutions | 173 | €907,199 | €832,848 | -€74,352 | -8.2% |
| Amounts payable within one year | 42/48 | €208,162 | €275,994 | +€67,832 | +32.6% |
| Current portion of amounts payable after more than one year | 42 | €73,528 | €74,352 | +€824 | +1.1% |
| Trade debts | 44 | €19,249 | €26,243 | +€6,994 | +36.3% |
| Suppliers | 440/4 | €19,249 | €26,243 | +€6,994 | +36.3% |
| Taxes, remuneration and social security | 45 | €11,311 | €15,417 | +€4,106 | +36.3% |
| Taxes | 450/3 | €71 | €1,305 | +€1,235 | +1746.6% |
| Remuneration and social security | 454/9 | €11,240 | €14,111 | +€2,871 | +25.5% |
| Other amounts payable | 47/48 | €104,075 | €159,983 | +€55,908 | +53.7% |
| Accrued charges and deferred income | 492/3 | €9,532 | €19,606 | +€10,074 | +105.7% |
| Operating income | 70/76A | €233,233 | €286,502 | +€53,268 | +22.8% |
| Turnover | 70 | €229,269 | €280,264 | +€50,995 | +22.2% |
| Other operating income | 74 | €3,965 | €6,238 | +€2,273 | +57.3% |
| Operating charges | 60/66A | €363,691 | €383,040 | +€19,349 | +5.3% |
| Goods for resale, raw materials and consumables | 60 | €88,379 | €122,989 | +€34,610 | +39.2% |
| Purchases | 600/8 | €93,541 | €121,163 | +€27,622 | +29.5% |
| Change in stocks: decrease (increase) | 609 | -€5,162 | €1,826 | +€6,988 | |
| Services and other goods | 61 | €132,138 | €104,339 | -€27,799 | -21.0% |
| Remuneration, social security and pensions | 62 | €92,791 | €102,890 | +€10,099 | +10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,256 | €45,761 | -€495 | -1.1% |
| Other operating charges | 640/8 | €4,127 | €7,061 | +€2,934 | +71.1% |
| Operating profit (loss) | 9901 | -€130,458 | -€96,538 | +€33,919 | +26.0% |
| Financial income | 75/76B | €3,789 | €606 | -€3,184 | -84.0% |
| Recurring financial income | 75 | €3,789 | €606 | -€3,184 | -84.0% |
| Income from financial fixed assets | 750 | €0 | - | = | |
| Income from current assets | 751 | €3,750 | €271 | -€3,479 | -92.8% |
| Other financial income | 752/9 | €39 | €334 | +€295 | +754.2% |
| Financial charges | 65/66B | -€36,143 | €145,708 | +€181,851 | |
| Recurring financial charges | 65 | -€36,143 | €145,708 | +€181,851 | |
| Debt charges | 650 | €14,875 | €21,824 | +€6,949 | +46.7% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | -€63,745 | €34,718 | +€98,463 | |
| Other financial charges | 652/9 | €12,726 | €89,165 | +€76,439 | +600.7% |
| Profit (loss) for the period before taxes | 9903 | -€90,525 | -€241,640 | -€151,115 | -166.9% |
| Income taxes | 67/77 | €71 | €75 | +€4 | +5.4% |
| Taxes | 670/3 | €71 | €75 | +€4 | +5.4% |
| Profit (loss) for the period | 9904 | -€90,596 | -€241,715 | -€151,119 | -166.8% |
| Transfer from tax-exempt reserves | 789 | €319,667 | €0 | -€319,667 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €229,071 | -€241,715 | -€470,786 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.