Danielle G.: 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
Danielle G.
NACE 47.711, Retail sale of women's outerwear
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.4m
2024 · €223,146+€1.1m
Equity
€4.0m
2024 · €4.0m+€33,170
Cash
€590,538
2024 · €617,701-€27,163
Balance sheet total
€6.8m
2024 · €5.5m+€1.2m
Largest movements
Assets
- Current investments +€1.2m
up €1.2m (+186.3%), from €619,261 to €1.8m
- Stocks and contracts +€245,541
up €245,541 (+7.1%), from €3.4m to €3.7m
- Receivables within one year -€153,927
down €153,927 (-60.8%), from €253,037 to €99,110
of which Trade receivables: -€155,400
Equity and liabilities
- Other debts +€920,000
new in 2025: €920,000
- Trade debts +€462,049
up €462,049 (+55.4%), from €834,414 to €1.3m
- Current portion of long-term debt -€186,097
down €186,097 (-59.6%), from €312,205 to €126,109
Income statement
- Gross operating margin +€522,543
up €522,543 (+29.3%), from €1.8m to €2.3m
- Write-downs -€453,150
down €453,150, from €370,423 to -€82,727
- Financial charges -€182,632
down €182,632 (-54.9%), from €332,959 to €150,327
- Taxes +€94,809
up €94,809 (+91.0%), from €104,129 to €198,938
- Financial income +€67,634
up €67,634 (+1951.1%), from €3,466 to €71,100
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
€223,146
Gross operating margin
+€522,543
Staff costs
+€24,720
Depreciation
-€10,680
Write-downs
+€453,150
Other operating charges
+€846
Financial income
+€67,634
Financial charges
+€182,632
Taxes
-€94,809
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
+€2.7m
Investment
-€1.2m
Financing
-€1.6m
Cash 2024
€617,701
From operations (derived)
+€2.7m
Net result for the year
+€1.4m
Depreciation
+€83,364
Stocks and contracts
-€245,541
Receivables within one year
+€153,927
Deferred charges and accrued income
-€36,285
Trade debts
+€462,049
Tax, wage and social debts
+€42,191
Other debts
+€920,000
Investment (derived)
-€1.2m
Investment in fixed assets (net)
-€43,374
Current investments
-€1.2m
Financing
-€1.6m
Debts after one year
-€58,595
Current portion of long-term debt
-€186,097
Short-term financial debts
+€1,729
Contributions, distributions and other
-€1.3m
Cash 2025
€590,538
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,544,523 | €6,758,970 | +€1.2m | +21.9% |
| Fixed assets | 21/28 | €329,780 | €289,789 | -€39,991 | -12.1% |
| Tangible fixed assets | 22/27 | €295,760 | €255,770 | -€39,991 | -13.5% |
| Plant, machinery and equipment | 23 | €24,746 | €27,654 | +€2,908 | +11.8% |
| Furniture and vehicles | 24 | €264,014 | €221,115 | -€42,899 | -16.2% |
| Other tangible fixed assets | 26 | €7,000 | €7,000 | = | 0.0% |
| Financial fixed assets | 28 | €34,019 | €34,019 | = | 0.0% |
| Current assets | 29/58 | €5,214,743 | €6,469,181 | +€1.3m | +24.1% |
| Amounts receivable after more than one year | 29 | €284,848 | €284,848 | = | 0.0% |
| Other amounts receivable | 291 | €284,848 | €284,848 | = | 0.0% |
| Stocks and contracts in progress | 3 | €3,439,897 | €3,685,438 | +€245,541 | +7.1% |
| Stocks | 30/36 | €3,439,897 | €3,685,438 | +€245,541 | +7.1% |
| Amounts receivable within one year | 40/41 | €253,037 | €99,110 | -€153,927 | -60.8% |
| Trade receivables | 40 | €182,936 | €27,536 | -€155,400 | -84.9% |
| Other amounts receivable | 41 | €70,101 | €71,574 | +€1,474 | +2.1% |
| Current investments | 50/53 | €619,261 | €1,772,963 | +€1.2m | +186.3% |
| Cash at bank and in hand | 54/58 | €617,701 | €590,538 | -€27,163 | -4.4% |
| Deferred charges and accrued income | 490/1 | - | €36,285 | +€36,285 | |
| Total equity and liabilities | 10/49 | €5,544,523 | €6,758,970 | +€1.2m | +21.9% |
| Equity | 10/15 | €3,982,629 | €4,015,799 | +€33,170 | +0.8% |
| Contributions | 10/11 | €80,600 | €80,600 | = | 0.0% |
| Reserves | 13 | €3,902,029 | €3,935,199 | +€33,170 | +0.9% |
| Non-distributable reserves | 130/1 | €8,060 | €8,060 | = | 0.0% |
| Reserves not available under the articles | 1311 | €8,060 | €8,060 | = | 0.0% |
| Tax-exempt reserves | 132 | €13,430 | €13,430 | = | 0.0% |
| Distributable reserves | 133 | €3,880,539 | €3,913,709 | +€33,170 | +0.9% |
| Amounts payable | 17/49 | €1,561,894 | €2,743,172 | +€1.2m | +75.6% |
| Amounts payable after more than one year | 17 | €90,719 | €32,123 | -€58,595 | -64.6% |
| Financial debts | 170/4 | €73,381 | €32,123 | -€41,258 | -56.2% |
| Other amounts payable | 178/9 | €17,338 | - | -€17,338 | |
| Amounts payable within one year | 42/48 | €1,471,176 | €2,711,048 | +€1.2m | +84.3% |
| Current portion of amounts payable after more than one year | 42 | €312,205 | €126,109 | -€186,097 | -59.6% |
| Financial debts | 43 | €39,529 | €41,258 | +€1,729 | +4.4% |
| Credit institutions | 430/8 | €39,529 | €41,258 | +€1,729 | +4.4% |
| Trade debts | 44 | €834,414 | €1,296,463 | +€462,049 | +55.4% |
| Suppliers | 440/4 | €834,414 | €1,296,463 | +€462,049 | +55.4% |
| Taxes, remuneration and social security | 45 | €285,028 | €327,219 | +€42,191 | +14.8% |
| Taxes | 450/3 | €169,776 | €247,715 | +€77,939 | +45.9% |
| Remuneration and social security | 454/9 | €115,251 | €79,503 | -€35,748 | -31.0% |
| Other amounts payable | 47/48 | - | €920,000 | +€920,000 | |
| Remuneration, social security and pensions | 62 | €679,350 | €654,630 | -€24,720 | -3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €72,684 | €83,364 | +€10,680 | +14.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €370,423 | -€82,727 | -€453,150 | |
| Other operating charges | 640/8 | €3,589 | €2,743 | -€846 | -23.6% |
| Gross operating margin | 9900 | €1,782,814 | €2,305,357 | +€522,543 | +29.3% |
| Operating profit (loss) | 9901 | €656,767 | €1,647,347 | +€990,580 | +150.8% |
| Financial income | 75/76B | €3,466 | €71,100 | +€67,634 | +1951.1% |
| Recurring financial income | 75 | €3,466 | €71,100 | +€67,634 | +1951.1% |
| Financial charges | 65/66B | €332,959 | €150,327 | -€182,632 | -54.9% |
| Recurring financial charges | 65 | €332,959 | €150,327 | -€182,632 | -54.9% |
| Profit (loss) for the period before taxes | 9903 | €327,275 | €1,568,121 | +€1.2m | +379.1% |
| Income taxes | 67/77 | €104,129 | €198,938 | +€94,809 | +91.0% |
| Profit (loss) for the period | 9904 | €223,146 | €1,369,183 | +€1.1m | +513.6% |
| Profit (loss) for the period to be appropriated | 9905 | €223,146 | €1,369,183 | +€1.1m | +513.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.