Dark at night: what changed
What changed
Dark at night
NACE 46.474, Wholesale trade
filed annual accounts (NBB)
Net result for the year
€20,741
2024 · €15,314+€5,428
Equity
€460,369
2024 · €439,628+€20,741
Cash
€50,689
2024 · €55,061-€4,372
Balance sheet total
€3.7m
2024 · €3.8m-€37,070
Largest movements
Assets
- Stocks and contracts -€49,902
down €49,902 (-2.4%), from €2.1m to €2.0m
of which Contracts in progress: -€31,018
Equity and liabilities
- Debts after one year -€192,749
down €192,749 (-13.0%), from €1.5m to €1.3m
- Other debts +€118,207
up €118,207 (+82.5%), from €143,293 to €261,500
- Short-term financial debts +€102,853
up €102,853 (+21.9%), from €469,180 to €572,033
Income statement
- Gross operating margin +€50,510
up €50,510 (+6.3%), from €805,314 to €855,824
- Depreciation +€24,533
up €24,533 (+21.4%), from €114,750 to €139,282
- Financial charges +€14,269
up €14,269 (+15.8%), from €90,227 to €104,496
- Staff costs -€9,796
down €9,796 (-2.0%), from €496,653 to €486,857
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
€15,314
Gross operating margin
+€50,510
Staff costs
+€9,796
Depreciation
-€24,533
Write-downs
-€6,375
Other operating charges
-€385
Other operating items
-€4,363
Financial income
-€610
Financial charges
-€14,269
Taxes
-€4,344
Result 2025
€20,741
raises the resultlowers the resultnot broken down further in the accounts
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
+€265,340
Investment
-€155,120
Financing
-€114,592
Cash 2024
€55,061
From operations (derived)
+€265,340
Net result for the year
+€20,741
Depreciation
+€139,282
Stocks and contracts
+€49,902
Receivables within one year
-€1,366
Trade debts
-€29,248
Tax, wage and social debts
-€32,179
Other debts
+€118,207
Investment (derived)
-€155,120
Investment in fixed assets (net)
-€155,120
Financing
-€114,592
Debts after one year
-€192,749
Current portion of long-term debt
-€24,697
Short-term financial debts
+€102,853
Cash 2025
€50,689
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,750,168 | €3,713,098 | -€37,070 | -1.0% |
| Fixed assets | 21/28 | €349,499 | €365,337 | +€15,838 | +4.5% |
| Intangible fixed assets | 21 | €301,449 | €325,110 | +€23,660 | +7.8% |
| Tangible fixed assets | 22/27 | €47,997 | €40,175 | -€7,822 | -16.3% |
| Plant, machinery and equipment | 23 | €16,011 | €11,440 | -€4,571 | -28.5% |
| Furniture and vehicles | 24 | €20,510 | €19,152 | -€1,357 | -6.6% |
| Other tangible fixed assets | 26 | €11,476 | €9,582 | -€1,894 | -16.5% |
| Financial fixed assets | 28 | €53 | €53 | = | 0.0% |
| Current assets | 29/58 | €3,400,669 | €3,347,761 | -€52,908 | -1.6% |
| Stocks and contracts in progress | 3 | €2,064,430 | €2,014,528 | -€49,902 | -2.4% |
| Stocks | 30/36 | €1,570,948 | €1,552,064 | -€18,884 | -1.2% |
| Contracts in progress | 37 | €493,482 | €462,464 | -€31,018 | -6.3% |
| Amounts receivable within one year | 40/41 | €1,265,173 | €1,266,538 | +€1,366 | +0.1% |
| Trade receivables | 40 | €1,251,727 | €1,243,816 | -€7,911 | -0.6% |
| Other amounts receivable | 41 | €13,445 | €22,722 | +€9,277 | +69.0% |
| Cash at bank and in hand | 54/58 | €55,061 | €50,689 | -€4,372 | -7.9% |
| Deferred charges and accrued income | 490/1 | €16,006 | €16,006 | = | 0.0% |
| Total equity and liabilities | 10/49 | €3,750,168 | €3,713,098 | -€37,070 | -1.0% |
| Equity | 10/15 | €439,628 | €460,369 | +€20,741 | +4.7% |
| Contributions | 10/11 | €1,025,000 | €1,025,000 | = | 0.0% |
| Capital | 10 | €1,025,000 | €1,025,000 | = | 0.0% |
| Issued capital | 100 | €1,025,000 | €1,025,000 | = | 0.0% |
| Reserves | 13 | €33,887 | €33,887 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €23,887 | €23,887 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€619,259 | -€598,517 | +€20,741 | +3.3% |
| Amounts payable | 17/49 | €3,310,540 | €3,252,729 | -€57,811 | -1.7% |
| Amounts payable after more than one year | 17 | €1,478,189 | €1,285,441 | -€192,749 | -13.0% |
| Financial debts | 170/4 | €1,478,189 | €1,285,441 | -€192,749 | -13.0% |
| Amounts payable within one year | 42/48 | €1,832,351 | €1,967,288 | +€134,937 | +7.4% |
| Current portion of amounts payable after more than one year | 42 | €231,019 | €206,322 | -€24,697 | -10.7% |
| Financial debts | 43 | €469,180 | €572,033 | +€102,853 | +21.9% |
| Credit institutions | 430/8 | €469,180 | €572,033 | +€102,853 | +21.9% |
| Trade debts | 44 | €766,419 | €737,171 | -€29,248 | -3.8% |
| Suppliers | 440/4 | €766,419 | €737,171 | -€29,248 | -3.8% |
| Taxes, remuneration and social security | 45 | €222,441 | €190,262 | -€32,179 | -14.5% |
| Taxes | 450/3 | €185,703 | €140,813 | -€44,889 | -24.2% |
| Remuneration and social security | 454/9 | €36,738 | €49,449 | +€12,711 | +34.6% |
| Other amounts payable | 47/48 | €143,293 | €261,500 | +€118,207 | +82.5% |
| Non-recurring operating income | 76A | €6,369 | €1,289 | -€5,080 | -79.8% |
| Remuneration, social security and pensions | 62 | €496,653 | €486,857 | -€9,796 | -2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €114,750 | €139,282 | +€24,533 | +21.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €54,625 | €61,000 | +€6,375 | +11.7% |
| Other operating charges | 640/8 | €14,375 | €14,760 | +€385 | +2.7% |
| Non-recurring operating charges | 66A | - | €4,363 | +€4,363 | |
| Gross operating margin | 9900 | €805,314 | €855,824 | +€50,510 | +6.3% |
| Operating profit (loss) | 9901 | €124,911 | €149,562 | +€24,650 | +19.7% |
| Financial income | 75/76B | €4,081 | €3,471 | -€610 | -14.9% |
| Recurring financial income | 75 | €4,081 | €3,471 | -€610 | -14.9% |
| Financial charges | 65/66B | €90,227 | €104,496 | +€14,269 | +15.8% |
| Recurring financial charges | 65 | €90,227 | €104,496 | +€14,269 | +15.8% |
| Profit (loss) for the period before taxes | 9903 | €38,765 | €48,537 | +€9,771 | +25.2% |
| Income taxes | 67/77 | €23,452 | €27,795 | +€4,344 | +18.5% |
| Profit (loss) for the period | 9904 | €15,314 | €20,741 | +€5,428 | +35.4% |
| Profit (loss) for the period to be appropriated | 9905 | €15,314 | €20,741 | +€5,428 | +35.4% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.