EURODISPLAY: what changed
Two financial 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
EURODISPLAY
NACE 46.841, Wholesale trade
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€41,791
2024 · €34,019+€7,772
Equity
€254,503
2024 · €212,712+€41,791
Cash
€8,210
2024 · €29,463-€21,253
Balance sheet total
€3.4m
2024 · €2.4m+€1.0m
Largest movements
Assets
- Receivables within one year +€1.0m
up €1.0m (+46.8%), from €2.2m to €3.3m
of which Trade receivables: +€1.1m
Equity and liabilities
- Trade debts +€495,452
up €495,452 (+59.4%), from €833,943 to €1.3m
- Debts after one year +€274,490
up €274,490 (+46.5%), from €590,510 to €865,000
- Tax, wage and social debts +€122,673
up €122,673 (+127%), from €96,737 to €219,410
of which Taxes: +€121,720
- Short-term financial debts +€50,000
up €50,000 (+10.0%), from €500,000 to €550,000
- Profit (loss) carried forward +€41,791
up €41,791 (+6.3%), from -€668,420 to -€626,630
Income statement
- Gross operating margin +€195,179
up €195,179 (+22.8%), from €855,511 to €1.1m
- Staff costs +€168,687
up €168,687 (+23.7%), from €712,388 to €881,074
- Other operating charges +€16,826
up €16,826 (+570%), from €2,953 to €19,779
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
€34,019
Gross operating margin
+€195,179
Staff costs
-€168,687
Depreciation
+€8,418
Other operating charges
-€16,826
Financial income
-€2,038
Financial charges
-€7,344
Taxes
-€930
Result 2025
€41,791
raises the resultlowers the result
Derived cash bridge
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
-€321,864
Investment
-€14,637
Financing
+€315,248
Cash 2024
€29,463
From operations (derived)
-€321,864
Net result for the year
+€41,791
Depreciation
+€28,976
Receivables within one year
-€1.0m
Deferred charges and accrued income
-€11,852
Trade debts
+€495,452
Tax, wage and social debts
+€122,673
Other debts
+€32,846
Accrued charges and deferred income
+€11,023
Investment (derived)
-€14,637
Investment in fixed assets (net)
-€14,637
Financing
+€315,248
Debts after one year
+€274,490
Current portion of long-term debt
-€9,242
Short-term financial debts
+€50,000
Cash 2025
€8,210
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,363,627 | €3,382,659 | +€1.0m | +43.1% |
| Formation expenses | 20 | €2,628 | €1,114 | -€1,514 | -57.6% |
| Fixed assets | 21/28 | €76,795 | €63,970 | -€12,825 | -16.7% |
| Intangible fixed assets | 21 | €29,921 | €23,271 | -€6,649 | -22.2% |
| Tangible fixed assets | 22/27 | €36,474 | €30,299 | -€6,175 | -16.9% |
| Plant, machinery and equipment | 23 | €1,477 | €1,071 | -€406 | -27.5% |
| Furniture and vehicles | 24 | €23,959 | €21,881 | -€2,078 | -8.7% |
| Other tangible fixed assets | 26 | €11,038 | €7,347 | -€3,691 | -33.4% |
| Financial fixed assets | 28 | €10,400 | €10,400 | = | 0.0% |
| Current assets | 29/58 | €2,284,204 | €3,317,575 | +€1.0m | +45.2% |
| Stocks and contracts in progress | 3 | €3,195 | €3,195 | = | 0.0% |
| Stocks | 30/36 | €3,195 | €3,195 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €2,229,437 | €3,272,208 | +€1.0m | +46.8% |
| Trade receivables | 40 | €2,221,011 | €3,271,855 | +€1.1m | +47.3% |
| Other amounts receivable | 41 | €8,426 | €353 | -€8,073 | -95.8% |
| Cash at bank and in hand | 54/58 | €29,463 | €8,210 | -€21,253 | -72.1% |
| Deferred charges and accrued income | 490/1 | €22,109 | €33,962 | +€11,852 | +53.6% |
| Total equity and liabilities | 10/49 | €2,363,627 | €3,382,659 | +€1.0m | +43.1% |
| Equity | 10/15 | €212,712 | €254,503 | +€41,791 | +19.6% |
| Contributions | 10/11 | €871,736 | €871,736 | = | 0.0% |
| Capital | 10 | €871,736 | €871,736 | = | 0.0% |
| Issued capital | 100 | €871,736 | €871,736 | = | 0.0% |
| Reserves | 13 | €9,397 | €9,397 | = | 0.0% |
| Non-distributable reserves | 130/1 | €9,397 | €9,397 | = | 0.0% |
| Legal reserve | 130 | €9,397 | €9,397 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€668,420 | -€626,630 | +€41,791 | +6.3% |
| Amounts payable | 17/49 | €2,150,914 | €3,128,156 | +€977,242 | +45.4% |
| Amounts payable after more than one year | 17 | €590,510 | €865,000 | +€274,490 | +46.5% |
| Financial debts | 170/4 | €590,510 | €865,000 | +€274,490 | +46.5% |
| Amounts payable within one year | 42/48 | €1,463,684 | €2,155,412 | +€691,728 | +47.3% |
| Current portion of amounts payable after more than one year | 42 | €9,242 | - | -€9,242 | |
| Financial debts | 43 | €500,000 | €550,000 | +€50,000 | +10.0% |
| Credit institutions | 430/8 | €500,000 | €550,000 | +€50,000 | +10.0% |
| Trade debts | 44 | €833,943 | €1,329,395 | +€495,452 | +59.4% |
| Suppliers | 440/4 | €833,943 | €1,329,395 | +€495,452 | +59.4% |
| Taxes, remuneration and social security | 45 | €96,737 | €219,410 | +€122,673 | +127% |
| Taxes | 450/3 | €36,451 | €158,171 | +€121,720 | +334% |
| Remuneration and social security | 454/9 | €60,286 | €61,239 | +€953 | +1.6% |
| Other amounts payable | 47/48 | €23,761 | €56,607 | +€32,846 | +138% |
| Accrued charges and deferred income | 492/3 | €96,721 | €107,744 | +€11,023 | +11.4% |
| Remuneration, social security and pensions | 62 | €712,388 | €881,074 | +€168,687 | +23.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,393 | €28,976 | -€8,418 | -22.5% |
| Other operating charges | 640/8 | €2,953 | €19,779 | +€16,826 | +570% |
| Gross operating margin | 9900 | €855,511 | €1,050,690 | +€195,179 | +22.8% |
| Operating profit (loss) | 9901 | €102,778 | €120,861 | +€18,083 | +17.6% |
| Financial income | 75/76B | €3,457 | €1,419 | -€2,038 | -58.9% |
| Recurring financial income | 75 | €3,457 | €1,419 | -€2,038 | -58.9% |
| Financial charges | 65/66B | €71,328 | €78,672 | +€7,344 | +10.3% |
| Recurring financial charges | 65 | €71,328 | €78,672 | +€7,344 | +10.3% |
| Profit (loss) for the period before taxes | 9903 | €34,907 | €43,608 | +€8,702 | +24.9% |
| Income taxes | 67/77 | €888 | €1,818 | +€930 | +105% |
| Profit (loss) for the period | 9904 | €34,019 | €41,791 | +€7,772 | +22.8% |
| Profit (loss) for the period to be appropriated | 9905 | €34,019 | €41,791 | +€7,772 | +22.8% |
Source: filed annual accounts (NBB), financial years ended 30 November 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.