DEWITTE EDDY & RODERIC: 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
DEWITTE EDDY & RODERIC
NACE 46.381, Wholesale trade
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€2.1m
2024 · €2.2m-€185,455
Equity
€9.3m
2024 · €7.2m+€2.1m
Cash
€1.4m
2024 · €1.6m-€177,812
Balance sheet total
€13.6m
2024 · €16.2m-€2.6m
Largest movements
Assets
- Receivables within one year -€3.4m
down €3.4m (-37.4%), from €9.1m to €5.7m
of which Trade receivables: -€3.6m
- Tangible fixed assets +€631,146
up €631,146 (+17.2%), from €3.7m to €4.3m
of which Land and buildings: +€702,345
- Receivables after one year +€400,000
new in 2025: €400,000
- Stocks and contracts -€238,791
down €238,791 (-99.5%), from €240,000 to €1,209
- Current investments +€201,030
up €201,030 (+12.9%), from €1.6m to €1.8m
Equity and liabilities
- Trade debts -€4.2m
down €4.2m (-65.1%), from €6.5m to €2.3m
- Reserves +€2.1m
up €2.1m (+28.6%), from €7.2m to €9.2m
of which Distributable reserves: +€1.1m
- Other debts -€360,783
down €360,783 (-97.5%), from €369,851 to €9,068
- Tax, wage and social debts -€237,301
down €237,301 (-85.7%), from €276,974 to €39,673
of which Taxes: -€251,005
Income statement
- Turnover -€14.0m
down €14.0m (-38.8%), from €36.2m to €22.2m
- Goods and materials -€13.0m
down €13.0m (-42.4%), from €30.6m to €17.6m
of which Purchases: -€13.4m
- Other operating income +€420,843
up €420,843 (+462.4%), from €91,011 to €511,854
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
€2.2m
Turnover
-€14.0m
Other operating income
+€420,843
Goods and materials
+€13.0m
Services and other goods
+€297,894
Staff costs
-€756
Depreciation
-€239,671
Write-downs
+€111,679
Other operating charges
-€22,499
Other operating items
+€114,893
Financial income
+€25,253
Financial charges
-€4,057
Taxes
+€146,027
Deferred taxes and other
+€10,675
Result 2025
€2.1m
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
-€1.5m
Financing
+€91,869
Cash 2024
€1.6m
From operations (derived)
+€1.3m
Net result for the year
+€2.1m
Depreciation
+€715,665
Receivables after one year
-€400,000
Stocks and contracts
+€238,791
Receivables within one year
+€3.4m
Deferred charges and accrued income
+€37,810
Provisions
+€41,879
Trade debts
-€4.2m
Tax, wage and social debts
-€237,301
Other debts
-€360,783
Accrued charges and deferred income
-€1,823
Investment (derived)
-€1.5m
Investment in fixed assets (net)
-€1.3m
Current investments
-€201,030
Financing
+€91,869
Debts after one year
+€26,376
Current portion of long-term debt
+€66,880
Short-term financial debts
-€1,387
Cash 2025
€1.4m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €16,174,667 | €13,557,627 | -€2.6m | -16.2% |
| Fixed assets | 21/28 | €3,664,471 | €4,295,617 | +€631,146 | +17.2% |
| Tangible fixed assets | 22/27 | €3,663,971 | €4,295,117 | +€631,146 | +17.2% |
| Land and buildings | 22 | €1,735,330 | €2,437,675 | +€702,345 | +40.5% |
| Plant, machinery and equipment | 23 | €495,008 | €1,126,190 | +€631,182 | +127.5% |
| Furniture and vehicles | 24 | €533,633 | €731,252 | +€197,619 | +37.0% |
| Assets under construction and advance payments | 27 | €900,000 | €0 | -€900,000 | -100.0% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Other financial fixed assets | 284/8 | €500 | €500 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €12,510,196 | €9,262,010 | -€3.2m | -26.0% |
| Amounts receivable after more than one year | 29 | - | €400,000 | +€400,000 | |
| Other amounts receivable | 291 | - | €400,000 | +€400,000 | |
| Stocks and contracts in progress | 3 | €240,000 | €1,209 | -€238,791 | -99.5% |
| Stocks | 30/36 | €240,000 | €1,209 | -€238,791 | -99.5% |
| Goods purchased for resale | 34 | €240,000 | €1,209 | -€238,791 | -99.5% |
| Amounts receivable within one year | 40/41 | €9,065,372 | €5,670,569 | -€3.4m | -37.4% |
| Trade receivables | 40 | €9,061,691 | €5,453,911 | -€3.6m | -39.8% |
| Other amounts receivable | 41 | €3,681 | €216,658 | +€212,977 | +5785.9% |
| Current investments | 50/53 | €1,560,624 | €1,761,654 | +€201,030 | +12.9% |
| Other investments | 51/53 | €1,560,624 | €1,761,654 | +€201,030 | +12.9% |
| Cash at bank and in hand | 54/58 | €1,552,875 | €1,375,063 | -€177,812 | -11.5% |
| Deferred charges and accrued income | 490/1 | €91,325 | €53,515 | -€37,810 | -41.4% |
| Total equity and liabilities | 10/49 | €16,174,667 | €13,557,627 | -€2.6m | -16.2% |
| Equity | 10/15 | €7,204,808 | €9,260,035 | +€2.1m | +28.5% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €7,186,258 | €9,241,485 | +€2.1m | +28.6% |
| Non-distributable reserves | 130/1 | €22,295 | €22,295 | = | 0.0% |
| Reserves not available under the articles | 1311 | €22,295 | €22,295 | = | 0.0% |
| Tax-exempt reserves | 132 | €578,661 | €1,493,796 | +€915,135 | +158.1% |
| Distributable reserves | 133 | €6,585,302 | €7,725,394 | +€1.1m | +17.3% |
| Provisions and deferred taxes | 16 | €57,554 | €99,433 | +€41,879 | +72.8% |
| Provisions for liabilities and charges | 160/5 | €5,000 | €5,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €5,000 | €5,000 | = | 0.0% |
| Deferred taxes | 168 | €52,554 | €94,433 | +€41,879 | +79.7% |
| Amounts payable | 17/49 | €8,912,305 | €4,198,159 | -€4.7m | -52.9% |
| Amounts payable after more than one year | 17 | €1,497,170 | €1,523,546 | +€26,376 | +1.8% |
| Financial debts | 170/4 | €1,497,170 | €1,523,546 | +€26,376 | +1.8% |
| Credit institutions | 173 | €1,464,170 | €1,507,546 | +€43,376 | +3.0% |
| Other loans | 174 | €33,000 | €16,000 | -€17,000 | -51.5% |
| Amounts payable within one year | 42/48 | €7,411,878 | €2,673,180 | -€4.7m | -63.9% |
| Current portion of amounts payable after more than one year | 42 | €302,679 | €369,559 | +€66,880 | +22.1% |
| Financial debts | 43 | €1,387 | €0 | -€1,387 | -100.0% |
| Credit institutions | 430/8 | €1,387 | €0 | -€1,387 | -100.0% |
| Trade debts | 44 | €6,460,987 | €2,254,879 | -€4.2m | -65.1% |
| Suppliers | 440/4 | €6,460,987 | €2,254,879 | -€4.2m | -65.1% |
| Taxes, remuneration and social security | 45 | €276,974 | €39,673 | -€237,301 | -85.7% |
| Taxes | 450/3 | €270,800 | €19,795 | -€251,005 | -92.7% |
| Remuneration and social security | 454/9 | €6,174 | €19,878 | +€13,704 | +222.0% |
| Other amounts payable | 47/48 | €369,851 | €9,068 | -€360,783 | -97.5% |
| Accrued charges and deferred income | 492/3 | €3,257 | €1,434 | -€1,823 | -56.0% |
| Operating income | 70/76A | €36,348,814 | €22,870,136 | -€13.5m | -37.1% |
| Turnover | 70 | €36,182,803 | €22,155,773 | -€14.0m | -38.8% |
| Other operating income | 74 | €91,011 | €511,854 | +€420,843 | +462.4% |
| Non-recurring operating income | 76A | €75,000 | €202,509 | +€127,509 | +170.0% |
| Operating charges | 60/66A | €33,252,331 | €20,137,006 | -€13.1m | -39.4% |
| Goods for resale, raw materials and consumables | 60 | €30,625,956 | €17,644,660 | -€13.0m | -42.4% |
| Purchases | 600/8 | €30,795,956 | €17,405,869 | -€13.4m | -43.5% |
| Change in stocks: decrease (increase) | 609 | -€170,000 | €238,791 | +€408,791 | |
| Services and other goods | 61 | €2,006,096 | €1,708,202 | -€297,894 | -14.8% |
| Remuneration, social security and pensions | 62 | €70,626 | €71,382 | +€756 | +1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €475,994 | €715,665 | +€239,671 | +50.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €66,767 | -€44,912 | -€111,679 | |
| Other operating charges | 640/8 | €6,892 | €29,391 | +€22,499 | +326.5% |
| Non-recurring operating charges | 66A | - | €12,616 | +€12,616 | |
| Operating profit (loss) | 9901 | €3,096,483 | €2,733,130 | -€363,353 | -11.7% |
| Financial income | 75/76B | €29,009 | €54,262 | +€25,253 | +87.1% |
| Recurring financial income | 75 | €29,009 | €54,262 | +€25,253 | +87.1% |
| Income from current assets | 751 | €17,375 | €43,711 | +€26,336 | +151.6% |
| Other financial income | 752/9 | €11,634 | €10,551 | -€1,083 | -9.3% |
| Financial charges | 65/66B | €50,295 | €54,352 | +€4,057 | +8.1% |
| Recurring financial charges | 65 | €50,295 | €54,352 | +€4,057 | +8.1% |
| Debt charges | 650 | €40,771 | €49,083 | +€8,312 | +20.4% |
| Other financial charges | 652/9 | €9,524 | €5,269 | -€4,255 | -44.7% |
| Profit (loss) for the period before taxes | 9903 | €3,075,197 | €2,733,040 | -€342,157 | -11.1% |
| Transfer from deferred taxes | 780 | €5,189 | €7,319 | +€2,130 | +41.0% |
| Transfer to deferred taxes | 680 | €57,743 | €49,198 | -€8,545 | -14.8% |
| Income taxes | 67/77 | €781,961 | €635,934 | -€146,027 | -18.7% |
| Taxes | 670/3 | €781,961 | €635,934 | -€146,027 | -18.7% |
| Profit (loss) for the period | 9904 | €2,240,682 | €2,055,227 | -€185,455 | -8.3% |
| Transfer from tax-exempt reserves | 789 | €54,561 | €232,457 | +€177,896 | +326.1% |
| Transfer to tax-exempt reserves | 689 | €266,750 | €1,147,592 | +€880,842 | +330.2% |
| Profit (loss) for the period to be appropriated | 9905 | €2,028,493 | €1,140,092 | -€888,401 | -43.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.