DEX: 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
DEX
NACE 47.811, Retail sale of cars and light vans (up to 3.5 tonnes)
fiscal year 31-12-2024 against 31-12-2025filed annual accounts (NBB)
Net result for the year
€2.8m
31-12-2024 · €1.6m+€1.2m
Equity
€13.3m
31-12-2024 · €12.7m+€588,018
Cash
€253,141
31-12-2024 · €292,062-€38,921
Balance sheet total
€23.4m
31-12-2024 · €20.7m+€2.8m
Largest movements
Assets
- Stocks and contracts +€2.5m
up €2.5m (+14.2%), from €17.9m to €20.5m
- Receivables within one year +€348,528
up €348,528 (+16.2%), from €2.2m to €2.5m
of which Trade receivables: +€467,528
Equity and liabilities
- Short-term financial debts +€2.5m
up €2.5m (+50.9%), from €5.0m to €7.5m
- Trade debts -€936,705
down €936,705 (-48.1%), from €1.9m to €1.0m
- Reserves +€588,018
up €588,018 (+4.7%), from €12.6m to €13.2m
of which Distributable reserves: +€588,018
- Tax, wage and social debts +€581,581
up €581,581 (+57.4%), from €1.0m to €1.6m
of which Taxes: +€525,358
Income statement
- Turnover +€32.3m
up €32.3m (+56.5%), from €57.1m to €89.4m
- Goods and materials +€28.9m
up €28.9m (+54.9%), from €52.6m to €81.5m
of which Purchases: +€26.2m
- Services and other goods +€1.3m
up €1.3m (+67.7%), from €1.9m to €3.1m
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024
€1.6m
Turnover
+€32.3m
Other operating income
+€161,637
Goods and materials
-€28.9m
Services and other goods
-€1.3m
Staff costs
-€562,119
Depreciation
+€5,212
Write-downs
+€7,503
Other operating charges
+€2,353
Other operating items
-€62,745
Financial income
-€9,184
Financial charges
-€84,933
Taxes
-€403,238
Result 31-12-2025
€2.8m
Cash bridge derived
Derived from the 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
-€465,016
Investment
+€72,793
Financing
+€353,303
Cash 31-12-2024
€292,062
From operations (derived)
-€465,016
Net result for the year
+€2.8m
Depreciation
+€46,558
Stocks and contracts
-€2.5m
Receivables within one year
-€348,528
Deferred charges and accrued income
-€12,715
Trade debts
-€936,705
Tax, wage and social debts
+€581,581
Accrued charges and deferred income
-€9,049
Investment (derived)
+€72,793
Investment in fixed assets (net)
+€72,793
Financing
+€353,303
Short-term financial debts
+€2.5m
Contributions, distributions and other
-€2.2m
Cash 31-12-2025
€253,141
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €20,688,609 | €23,440,756 | +€2.8m | +13.3% |
| Fixed assets | 21/28 | €266,152 | €146,801 | -€119,351 | -44.8% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €258,865 | €139,514 | -€119,351 | -46.1% |
| Plant, machinery and equipment | 23 | €118,387 | €111,052 | -€7,335 | -6.2% |
| Furniture and vehicles | 24 | €140,477 | €28,462 | -€112,015 | -79.7% |
| Financial fixed assets | 28 | €7,287 | €7,287 | = | 0.0% |
| Other financial fixed assets | 284/8 | €7,287 | €7,287 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €7,287 | €7,287 | = | 0.0% |
| Current assets | 29/58 | €20,422,457 | €23,293,955 | +€2.9m | +14.1% |
| Stocks and contracts in progress | 3 | €17,948,514 | €20,497,690 | +€2.5m | +14.2% |
| Stocks | 30/36 | €17,948,514 | €20,497,690 | +€2.5m | +14.2% |
| Goods purchased for resale | 34 | €17,948,514 | €20,497,690 | +€2.5m | +14.2% |
| Amounts receivable within one year | 40/41 | €2,155,656 | €2,504,185 | +€348,528 | +16.2% |
| Trade receivables | 40 | €1,961,164 | €2,428,692 | +€467,528 | +23.8% |
| Other amounts receivable | 41 | €194,493 | €75,493 | -€119,000 | -61.2% |
| Cash at bank and in hand | 54/58 | €292,062 | €253,141 | -€38,921 | -13.3% |
| Deferred charges and accrued income | 490/1 | €26,225 | €38,939 | +€12,715 | +48.5% |
| Total equity and liabilities | 10/49 | €20,688,609 | €23,440,756 | +€2.8m | +13.3% |
| Equity | 10/15 | €12,746,621 | €13,334,638 | +€588,018 | +4.6% |
| Contributions | 10/11 | €104,150 | €104,150 | = | 0.0% |
| Capital | 10 | €104,150 | €104,150 | = | 0.0% |
| Issued capital | 100 | €104,150 | €104,150 | = | 0.0% |
| Reserves | 13 | €12,642,471 | €13,230,488 | +€588,018 | +4.7% |
| Non-distributable reserves | 130/1 | €10,415 | €10,415 | = | 0.0% |
| Legal reserve | 130 | €10,415 | €10,415 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,247 | €6,247 | = | 0.0% |
| Distributable reserves | 133 | €12,625,809 | €13,213,826 | +€588,018 | +4.7% |
| Amounts payable | 17/49 | €7,941,988 | €10,106,117 | +€2.2m | +27.2% |
| Amounts payable within one year | 42/48 | €7,929,708 | €10,102,887 | +€2.2m | +27.4% |
| Financial debts | 43 | €4,971,697 | €7,500,000 | +€2.5m | +50.9% |
| Credit institutions | 430/8 | €4,971,697 | €7,500,000 | +€2.5m | +50.9% |
| Trade debts | 44 | €1,945,608 | €1,008,903 | -€936,705 | -48.1% |
| Suppliers | 440/4 | €1,945,608 | €1,008,903 | -€936,705 | -48.1% |
| Taxes, remuneration and social security | 45 | €1,012,403 | €1,593,984 | +€581,581 | +57.4% |
| Taxes | 450/3 | €850,425 | €1,375,784 | +€525,358 | +61.8% |
| Remuneration and social security | 454/9 | €161,977 | €218,200 | +€56,222 | +34.7% |
| Accrued charges and deferred income | 492/3 | €12,279 | €3,230 | -€9,049 | -73.7% |
| Operating income | 70/76A | €57,888,049 | €90,332,084 | +€32.4m | +56.0% |
| Turnover | 70 | €57,109,653 | €89,392,051 | +€32.3m | +56.5% |
| Other operating income | 74 | €778,396 | €940,033 | +€161,637 | +20.8% |
| Operating charges | 60/66A | €55,709,382 | €86,456,608 | +€30.7m | +55.2% |
| Goods for resale, raw materials and consumables | 60 | €52,587,311 | €81,456,458 | +€28.9m | +54.9% |
| Purchases | 600/8 | €57,821,151 | €84,005,633 | +€26.2m | +45.3% |
| Change in stocks: decrease (increase) | 609 | -€5,233,840 | -€2,549,176 | +€2.7m | +51.3% |
| Services and other goods | 61 | €1,874,299 | €3,142,583 | +€1.3m | +67.7% |
| Remuneration, social security and pensions | 62 | €1,175,071 | €1,737,189 | +€562,119 | +47.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,771 | €46,558 | -€5,212 | -10.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €7,503 | €0 | -€7,503 | -100.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €13,428 | €11,075 | -€2,353 | -17.5% |
| Non-recurring operating charges | 66A | - | €62,745 | +€62,745 | |
| Operating profit (loss) | 9901 | €2,178,667 | €3,875,476 | +€1.7m | +77.9% |
| Financial income | 75/76B | €11,067 | €1,883 | -€9,184 | -83.0% |
| Recurring financial income | 75 | €11,067 | €1,883 | -€9,184 | -83.0% |
| Income from current assets | 751 | €9,644 | €0 | -€9,644 | -100.0% |
| Other financial income | 752/9 | €1,422 | €1,883 | +€460 | +32.4% |
| Financial charges | 65/66B | €91,510 | €176,443 | +€84,933 | +92.8% |
| Recurring financial charges | 65 | €91,510 | €176,443 | +€84,933 | +92.8% |
| Debt charges | 650 | €74,950 | €161,219 | +€86,269 | +115.1% |
| Other financial charges | 652/9 | €16,560 | €15,224 | -€1,337 | -8.1% |
| Profit (loss) for the period before taxes | 9903 | €2,098,223 | €3,700,916 | +€1.6m | +76.4% |
| Income taxes | 67/77 | €534,660 | €937,898 | +€403,238 | +75.4% |
| Taxes | 670/3 | €535,000 | €939,000 | +€404,000 | +75.5% |
| Tax adjustments and reversals of tax provisions | 77 | €340 | €1,102 | +€762 | +224.0% |
| Profit (loss) for the period | 9904 | €1,563,563 | €2,763,018 | +€1.2m | +76.7% |
| Transfer from tax-exempt reserves | 789 | €762,457 | €0 | -€762,457 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,326,021 | €2,763,018 | +€436,997 | +18.8% |
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 2 October 2026 via checked.be.