CHOICE INTERNATIONAL: what changed
What changed
CHOICE INTERNATIONAL
NACE 46.190, Agents in non-specialised wholesale trade
filed annual accounts (NBB)
Net result for the year
€487,030
2024 · €6,491+€480,539
Equity
€80,054
2024 · -€379,476+€459,530
Cash
€141,863
2024 · €4,597+€137,266
Balance sheet total
€163,093
2024 · €206,807-€43,714
Largest movements
Assets
- Tangible fixed assets -€187,157
down €187,157 (-96.1%), from €194,694 to €7,537
of which Land and buildings: -€192,067
- Cash +€137,266
up €137,266 (+2,986%), from €4,597 to €141,863
mainly Net result for the year (+€487,030) and Investment in fixed assets (net) (+€185,386)
- Receivables within one year +€3,218
up €3,218 (+99.1%), from €3,248 to €6,466
of which Other amounts receivable: +€4,764
- Stocks and contracts +€2,658
up €2,658 (+62.3%), from €4,268 to €6,926
Equity and liabilities
- Profit (loss) carried forward +€440,976
up €440,976, from -€440,976 to €0
- Other debts -€377,869
down €377,869 (-82.8%), from €456,602 to €78,733
- Debts after one year -€104,428
down €104,428 (-100%), from €104,428 to €0
- Reserves +€18,554
new in 2025: €18,554
- Current portion of long-term debt -€18,161
down €18,161 (-96.9%), from €18,735 to €574
Income statement
- Gross operating margin +€483,952
up €483,952 (+1,616%), from €29,945 to €513,897
- Taxes +€13,595
new in 2025: €13,595
- Depreciation -€9,296
down €9,296 (-84.0%), from €11,067 to €1,772
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€6,491
Gross operating margin
+€483,952
Depreciation
+€9,296
Other operating charges
+€537
Financial income
+€5
Financial charges
+€344
Taxes
-€13,595
Result 2025
€487,030
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€102,125
Investment
+€185,230
Financing
-€150,090
Cash 2024
€4,597
From operations (derived)
+€102,125
Net result for the year
+€487,030
Depreciation
+€1,772
Stocks and contracts
-€2,658
Receivables within one year
-€3,218
Smaller working-capital items
+€593
Other debts
-€377,869
Accrued charges and deferred income
-€3,525
Investment (derived)
+€185,230
Investment in fixed assets (net)
+€185,386
Current investments
-€155
Financing
-€150,090
Debts after one year
-€104,428
Current portion of long-term debt
-€18,161
Contributions, distributions and other
-€27,500
Cash 2025
€141,863
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €206,807 | €163,093 | -€43,714 | -21.1% |
| Fixed assets | 21/28 | €194,694 | €7,537 | -€187,157 | -96.1% |
| Tangible fixed assets | 22/27 | €194,694 | €7,537 | -€187,157 | -96.1% |
| Land and buildings | 22 | €192,067 | €0 | -€192,067 | -100% |
| Plant, machinery and equipment | 23 | €2,627 | €5,693 | +€3,066 | +117% |
| Furniture and vehicles | 24 | - | €1,844 | +€1,844 | |
| Current assets | 29/58 | €12,113 | €155,557 | +€143,444 | +1,184% |
| Stocks and contracts in progress | 3 | €4,268 | €6,926 | +€2,658 | +62.3% |
| Stocks | 30/36 | €4,268 | €6,926 | +€2,658 | +62.3% |
| Amounts receivable within one year | 40/41 | €3,248 | €6,466 | +€3,218 | +99.1% |
| Trade receivables | 40 | €3,248 | €1,701 | -€1,547 | -47.6% |
| Other amounts receivable | 41 | - | €4,764 | +€4,764 | |
| Current investments | 50/53 | - | €155 | +€155 | |
| Cash at bank and in hand | 54/58 | €4,597 | €141,863 | +€137,266 | +2,986% |
| Deferred charges and accrued income | 490/1 | - | €147 | +€147 | |
| Total equity and liabilities | 10/49 | €206,807 | €163,093 | -€43,714 | -21.1% |
| Equity | 10/15 | -€379,476 | €80,054 | +€459,530 | |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | - | €18,554 | +€18,554 | |
| Distributable reserves | 133 | - | €18,554 | +€18,554 | |
| Profit (loss) carried forward | 14 | -€440,976 | €0 | +€440,976 | |
| Amounts payable | 17/49 | €586,283 | €83,040 | -€503,244 | -85.8% |
| Amounts payable after more than one year | 17 | €104,428 | €0 | -€104,428 | -100% |
| Financial debts | 170/4 | €104,428 | €0 | -€104,428 | -100% |
| Amounts payable within one year | 42/48 | €478,330 | €83,040 | -€395,290 | -82.6% |
| Current portion of amounts payable after more than one year | 42 | €18,735 | €574 | -€18,161 | -96.9% |
| Trade debts | 44 | €2,812 | €3,733 | +€921 | +32.7% |
| Suppliers | 440/4 | €2,812 | €3,733 | +€921 | +32.7% |
| Taxes, remuneration and social security | 45 | €181 | €0 | -€181 | -100% |
| Taxes | 450/3 | €181 | €0 | -€181 | -100% |
| Other amounts payable | 47/48 | €456,602 | €78,733 | -€377,869 | -82.8% |
| Accrued charges and deferred income | 492/3 | €3,525 | €0 | -€3,525 | -100% |
| Non-recurring operating income | 76A | - | €482,933 | +€482,933 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,067 | €1,772 | -€9,296 | -84.0% |
| Other operating charges | 640/8 | €2,699 | €2,162 | -€537 | -19.9% |
| Gross operating margin | 9900 | €29,945 | €513,897 | +€483,952 | +1,616% |
| Operating profit (loss) | 9901 | €16,179 | €509,964 | +€493,785 | +3,052% |
| Financial income | 75/76B | €1 | €6 | +€5 | +419% |
| Recurring financial income | 75 | €1 | €6 | +€5 | +419% |
| Financial charges | 65/66B | €9,689 | €9,345 | -€344 | -3.5% |
| Recurring financial charges | 65 | €9,689 | €9,345 | -€344 | -3.5% |
| Profit (loss) for the period before taxes | 9903 | €6,491 | €500,625 | +€494,133 | +7,612% |
| Income taxes | 67/77 | - | €13,595 | +€13,595 | |
| Profit (loss) for the period | 9904 | €6,491 | €487,030 | +€480,539 | +7,403% |
| Profit (loss) for the period to be appropriated | 9905 | €6,491 | €487,030 | +€480,539 | +7,403% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.