FACE: 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
FACE
NACE 46.431, Wholesale of electrical household appliances and audio-video equipment
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€616,974
2024 · €369,988+€246,985
Equity
€3.8m
2024 · €3.2m+€616,974
Cash
€208,989
2024 · €201,671+€7,318
Balance sheet total
€13.2m
2024 · €10.5m+€2.7m
Largest movements
Assets
- Receivables within one year +€1.4m
up €1.4m (+70.0%), from €2.0m to €3.3m
of which Trade receivables: +€1.4m
- Stocks and contracts +€1.0m
up €1.0m (+18.9%), from €5.5m to €6.5m
- Intangible fixed assets +€341,248
up €341,248 (+125.6%), from €271,719 to €612,966
- Tangible fixed assets +€216,568
up €216,568 (+57.3%), from €378,206 to €594,773
of which Plant, machinery and equipment: +€118,678
- Deferred charges and accrued income -€194,660
down €194,660 (-69.4%), from €280,555 to €85,895
Equity and liabilities
- Short-term financial debts +€1.4m
up €1.4m (+86.1%), from €1.7m to €3.1m
- Trade debts +€882,033
up €882,033 (+34.3%), from €2.6m to €3.5m
- Reserves +€616,974
up €616,974 (+20.6%), from €3.0m to €3.6m
of which Distributable reserves: +€616,974
- Debts after one year -€301,049
down €301,049 (-18.3%), from €1.6m to €1.3m
of which Financial debts: -€301,049
- Accrued charges and deferred income +€222,866
up €222,866 (+193.9%), from €114,952 to €337,818
Income statement
- Turnover +€6.3m
up €6.3m (+26.0%), from €24.1m to €30.4m
- Goods and materials +€6.0m
up €6.0m (+34.2%), from €17.7m to €23.7m
of which Purchases: +€6.0m
- Financial income +€416,902
up €416,902 (+244.7%), from €170,342 to €587,244
of which Non-recurring financial income: +€254,321
- Financial charges +€382,267
up €382,267 (+63.1%), from €605,719 to €987,985
- Write-downs -€310,537
down €310,537, from €130,293 to -€180,244
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
€369,988
Turnover
+€6.3m
Other operating income
-€14,490
Goods and materials
-€6.0m
Services and other goods
-€71,030
Staff costs
-€279,987
Depreciation
-€47,087
Write-downs
+€310,537
Other operating charges
+€28,941
Other operating items
+€132,024
Financial income
+€416,902
Financial charges
-€382,267
Taxes
-€74,088
Result 2025
€616,974
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
-€239,604
Investment
-€720,220
Financing
+€967,142
Cash 2024
€201,671
From operations (derived)
-€239,604
Net result for the year
+€616,974
Depreciation
+€318,250
Receivables after one year
-€64,184
Stocks and contracts
-€1.0m
Receivables within one year
-€1.4m
Deferred charges and accrued income
+€194,660
Trade debts
+€882,033
Tax, wage and social debts
-€4,127
Accrued charges and deferred income
+€222,866
Investment (derived)
-€720,220
Investment in fixed assets (net)
-€720,220
Financing
+€967,142
Debts after one year
-€301,049
Current portion of long-term debt
-€176,233
Short-term financial debts
+€1.4m
Cash 2025
€208,989
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,539,619 | €13,224,507 | +€2.7m | +25.5% |
| Formation expenses | 20 | €105,998 | €67,454 | -€38,545 | -36.4% |
| Fixed assets | 21/28 | €2,170,567 | €2,611,082 | +€440,515 | +20.3% |
| Intangible fixed assets | 21 | €271,719 | €612,966 | +€341,248 | +125.6% |
| Tangible fixed assets | 22/27 | €378,206 | €594,773 | +€216,568 | +57.3% |
| Land and buildings | 22 | €27,046 | €21,990 | -€5,056 | -18.7% |
| Plant, machinery and equipment | 23 | €247,808 | €366,486 | +€118,678 | +47.9% |
| Furniture and vehicles | 24 | €103,352 | €206,297 | +€102,945 | +99.6% |
| Financial fixed assets | 28 | €1,520,643 | €1,403,343 | -€117,300 | -7.7% |
| Affiliated companies | 280/1 | €1,517,863 | €1,387,863 | -€130,000 | -8.6% |
| Participating interests | 280 | €1,517,863 | €1,387,863 | -€130,000 | -8.6% |
| Other financial fixed assets | 284/8 | €2,780 | €15,480 | +€12,700 | +456.8% |
| Amounts receivable and cash guarantees | 285/8 | €2,780 | €15,480 | +€12,700 | +456.8% |
| Current assets | 29/58 | €8,263,054 | €10,545,971 | +€2.3m | +27.6% |
| Amounts receivable after more than one year | 29 | €359,511 | €423,695 | +€64,184 | +17.9% |
| Other amounts receivable | 291 | €359,511 | €423,695 | +€64,184 | +17.9% |
| Stocks and contracts in progress | 3 | €5,457,660 | €6,488,849 | +€1.0m | +18.9% |
| Stocks | 30/36 | €5,457,660 | €6,488,849 | +€1.0m | +18.9% |
| Goods purchased for resale | 34 | €5,457,660 | €6,488,849 | +€1.0m | +18.9% |
| Amounts receivable within one year | 40/41 | €1,963,657 | €3,338,543 | +€1.4m | +70.0% |
| Trade receivables | 40 | €1,963,657 | €3,338,543 | +€1.4m | +70.0% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €201,671 | €208,989 | +€7,318 | +3.6% |
| Deferred charges and accrued income | 490/1 | €280,555 | €85,895 | -€194,660 | -69.4% |
| Total equity and liabilities | 10/49 | €10,539,619 | €13,224,507 | +€2.7m | +25.5% |
| Equity | 10/15 | €3,189,048 | €3,806,022 | +€616,974 | +19.3% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Revaluation surpluses | 12 | €157,500 | €157,500 | = | 0.0% |
| Reserves | 13 | €2,991,548 | €3,608,522 | +€616,974 | +20.6% |
| Non-distributable reserves | 130/1 | €4,000 | €4,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,000 | €4,000 | = | 0.0% |
| Distributable reserves | 133 | €2,987,548 | €3,604,522 | +€616,974 | +20.7% |
| Amounts payable | 17/49 | €7,350,571 | €9,418,485 | +€2.1m | +28.1% |
| Amounts payable after more than one year | 17 | €1,640,788 | €1,339,739 | -€301,049 | -18.3% |
| Financial debts | 170/4 | €626,788 | €325,739 | -€301,049 | -48.0% |
| Credit institutions | 173 | €501,788 | €325,739 | -€176,049 | -35.1% |
| Other loans | 174 | €125,000 | €0 | -€125,000 | -100.0% |
| Other amounts payable | 178/9 | €1,014,000 | €1,014,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €5,594,831 | €7,740,928 | +€2.1m | +38.4% |
| Current portion of amounts payable after more than one year | 42 | €843,350 | €667,117 | -€176,233 | -20.9% |
| Financial debts | 43 | €1,677,519 | €3,121,943 | +€1.4m | +86.1% |
| Credit institutions | 430/8 | €1,677,519 | €3,121,943 | +€1.4m | +86.1% |
| Trade debts | 44 | €2,572,912 | €3,454,945 | +€882,033 | +34.3% |
| Suppliers | 440/4 | €2,572,912 | €3,454,945 | +€882,033 | +34.3% |
| Taxes, remuneration and social security | 45 | €501,050 | €496,922 | -€4,127 | -0.8% |
| Taxes | 450/3 | €390,635 | €350,822 | -€39,812 | -10.2% |
| Remuneration and social security | 454/9 | €110,415 | €146,100 | +€35,685 | +32.3% |
| Accrued charges and deferred income | 492/3 | €114,952 | €337,818 | +€222,866 | +193.9% |
| Operating income | 70/76A | €24,243,671 | €30,503,726 | +€6.3m | +25.8% |
| Turnover | 70 | €24,144,977 | €30,419,995 | +€6.3m | +26.0% |
| Other operating income | 74 | €98,221 | €83,731 | -€14,490 | -14.8% |
| Non-recurring operating income | 76A | €473 | €0 | -€473 | -100.0% |
| Operating charges | 60/66A | €23,291,454 | €29,265,071 | +€6.0m | +25.6% |
| Goods for resale, raw materials and consumables | 60 | €17,670,101 | €23,717,589 | +€6.0m | +34.2% |
| Purchases | 600/8 | €18,611,174 | €24,567,565 | +€6.0m | +32.0% |
| Change in stocks: decrease (increase) | 609 | -€941,073 | -€849,976 | +€91,097 | +9.7% |
| Services and other goods | 61 | €3,741,703 | €3,812,733 | +€71,030 | +1.9% |
| Remuneration, social security and pensions | 62 | €1,108,604 | €1,388,591 | +€279,987 | +25.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €271,162 | €318,250 | +€47,087 | +17.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €130,293 | -€180,244 | -€310,537 | |
| Other operating charges | 640/8 | €71,803 | €42,862 | -€28,941 | -40.3% |
| Non-recurring operating charges | 66A | €297,787 | €165,290 | -€132,497 | -44.5% |
| Operating profit (loss) | 9901 | €952,217 | €1,238,655 | +€286,438 | +30.1% |
| Financial income | 75/76B | €170,342 | €587,244 | +€416,902 | +244.7% |
| Recurring financial income | 75 | €170,342 | €332,923 | +€162,582 | +95.4% |
| Income from current assets | 751 | €13,208 | €12,401 | -€807 | -6.1% |
| Other financial income | 752/9 | €157,133 | €320,522 | +€163,389 | +104.0% |
| Non-recurring financial income | 76B | - | €254,321 | +€254,321 | |
| Financial charges | 65/66B | €605,719 | €987,985 | +€382,267 | +63.1% |
| Recurring financial charges | 65 | €605,719 | €987,985 | +€382,267 | +63.1% |
| Debt charges | 650 | €95,636 | €118,251 | +€22,616 | +23.6% |
| Other financial charges | 652/9 | €510,083 | €869,734 | +€359,651 | +70.5% |
| Profit (loss) for the period before taxes | 9903 | €516,840 | €837,913 | +€321,073 | +62.1% |
| Income taxes | 67/77 | €146,851 | €220,939 | +€74,088 | +50.5% |
| Taxes | 670/3 | €146,851 | €220,939 | +€74,088 | +50.5% |
| Profit (loss) for the period | 9904 | €369,988 | €616,974 | +€246,985 | +66.8% |
| Profit (loss) for the period to be appropriated | 9905 | €369,988 | €616,974 | +€246,985 | +66.8% |
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 6 October 2026 via checked.be.