MEGAFORM: 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
MEGAFORM
NACE 46.496, Wholesale trade
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€408,575
2024 · €358,660+€49,915
Equity
€4.3m
2024 · €4.0m+€319,575
Cash
€279,993
2024 · €338,569-€58,576
Balance sheet total
€8.4m
2024 · €8.0m+€407,580
Largest movements
Assets
- Stocks and contracts +€747,475
up €747,475 (+28.1%), from €2.7m to €3.4m
- Receivables within one year -€197,936
down €197,936 (-9.5%), from €2.1m to €1.9m
of which Trade receivables: -€120,499
Equity and liabilities
- Other debts +€588,094
up €588,094 (+96.7%), from €607,954 to €1.2m
- Trade debts -€337,687
down €337,687 (-43.8%), from €770,489 to €432,802
- Profit (loss) carried forward +€319,575
up €319,575 (+14.1%), from €2.3m to €2.6m
- Debts after one year -€173,913
down €173,913 (-19.8%), from €880,028 to €706,116
- Short-term financial debts -€130,866
down €130,866 (-12.3%), from €1.1m to €929,611
Income statement
- Goods and materials -€674,087
down €674,087 (-10.6%), from €6.3m to €5.7m
of which Purchases: -€340,902
- Turnover -€485,796
down €485,796 (-5.0%), from €9.7m to €9.2m
- Services and other goods +€185,275
up €185,275 (+10.1%), from €1.8m to €2.0m
- Other operating income +€178,237
up €178,237 (+203%), from €87,791 to €266,028
- Staff costs +€141,762
up €141,762 (+15.1%), from €939,525 to €1.1m
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
€358,660
Turnover
-€485,796
Other operating income
+€178,237
Goods and materials
+€674,087
Services and other goods
-€185,275
Staff costs
-€141,762
Depreciation
-€4,310
Other operating charges
+€1,066
Other operating items
+€3,128
Financial income
-€55,893
Financial charges
+€87,944
Taxes
-€21,511
Result 2025
€408,575
raises the resultlowers the resultnot broken down further in the accounts
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
+€385,114
Investment
-€48,019
Financing
-€395,671
Cash 2024
€338,569
From operations (derived)
+€385,114
Net result for the year
+€408,575
Depreciation
+€107,145
Stocks and contracts
-€747,475
Receivables within one year
+€197,936
Deferred charges and accrued income
+€24,257
Trade debts
-€337,687
Tax, wage and social debts
+€130,195
Other debts
+€588,094
Accrued charges and deferred income
+€14,074
Investment (derived)
-€48,019
Investment in fixed assets (net)
-€48,019
Financing
-€395,671
Debts after one year
-€173,913
Current portion of long-term debt
-€1,892
Short-term financial debts
-€130,866
Contributions, distributions and other
-€89,000
Cash 2025
€279,993
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,980,462 | €8,388,042 | +€407,580 | +5.1% |
| Fixed assets | 21/28 | €2,836,491 | €2,777,365 | -€59,126 | -2.1% |
| Intangible fixed assets | 21 | €163,291 | €105,750 | -€57,541 | -35.2% |
| Tangible fixed assets | 22/27 | €218,343 | €216,758 | -€1,585 | -0.7% |
| Land and buildings | 22 | €130,569 | €129,306 | -€1,263 | -1.0% |
| Plant, machinery and equipment | 23 | €53,092 | €62,157 | +€9,065 | +17.1% |
| Furniture and vehicles | 24 | €34,682 | €25,295 | -€9,387 | -27.1% |
| Financial fixed assets | 28 | €2,454,857 | €2,454,857 | = | 0.0% |
| Affiliated companies | 280/1 | €2,407,552 | €2,407,552 | = | 0.0% |
| Participating interests | 280 | €2,407,552 | €2,407,552 | = | 0.0% |
| Companies linked by participating interests | 282/3 | €15,000 | €15,000 | = | 0.0% |
| Participating interests | 282 | €15,000 | €15,000 | = | 0.0% |
| Other financial fixed assets | 284/8 | €32,305 | €32,305 | = | 0.0% |
| Shares | 284 | €200 | €200 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €32,105 | €32,105 | = | 0.0% |
| Current assets | 29/58 | €5,143,971 | €5,610,677 | +€466,706 | +9.1% |
| Stocks and contracts in progress | 3 | €2,659,002 | €3,406,477 | +€747,475 | +28.1% |
| Stocks | 30/36 | €2,659,002 | €3,406,477 | +€747,475 | +28.1% |
| Goods purchased for resale | 34 | €2,659,002 | €3,406,477 | +€747,475 | +28.1% |
| Amounts receivable within one year | 40/41 | €2,081,681 | €1,883,745 | -€197,936 | -9.5% |
| Trade receivables | 40 | €1,543,518 | €1,423,019 | -€120,499 | -7.8% |
| Other amounts receivable | 41 | €538,163 | €460,726 | -€77,437 | -14.4% |
| Cash at bank and in hand | 54/58 | €338,569 | €279,993 | -€58,576 | -17.3% |
| Deferred charges and accrued income | 490/1 | €64,718 | €40,462 | -€24,257 | -37.5% |
| Total equity and liabilities | 10/49 | €7,980,462 | €8,388,042 | +€407,580 | +5.1% |
| Equity | 10/15 | €4,018,209 | €4,337,784 | +€319,575 | +8.0% |
| Contributions | 10/11 | €612,000 | €612,000 | = | 0.0% |
| Capital | 10 | €612,000 | €612,000 | = | 0.0% |
| Issued capital | 100 | €612,000 | €612,000 | = | 0.0% |
| Revaluation surpluses | 12 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €1,107,780 | €1,107,780 | = | 0.0% |
| Non-distributable reserves | 130/1 | €63,475 | €63,475 | = | 0.0% |
| Legal reserve | 130 | €61,200 | €61,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,275 | €2,275 | = | 0.0% |
| Tax-exempt reserves | 132 | €584,605 | €584,605 | = | 0.0% |
| Distributable reserves | 133 | €459,700 | €459,700 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,273,429 | €2,593,004 | +€319,575 | +14.1% |
| Amounts payable | 17/49 | €3,962,253 | €4,050,258 | +€88,005 | +2.2% |
| Amounts payable after more than one year | 17 | €880,028 | €706,116 | -€173,913 | -19.8% |
| Financial debts | 170/4 | €880,028 | €706,116 | -€173,913 | -19.8% |
| Subordinated loans | 170 | €746,682 | €221,208 | -€525,473 | -70.4% |
| Credit institutions | 173 | €53,347 | €404,907 | +€351,561 | +659% |
| Other loans | 174 | €80,000 | €80,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €3,082,225 | €3,330,069 | +€247,844 | +8.0% |
| Current portion of amounts payable after more than one year | 42 | €442,923 | €441,031 | -€1,892 | -0.4% |
| Financial debts | 43 | €1,060,478 | €929,611 | -€130,866 | -12.3% |
| Credit institutions | 430/8 | €1,060,478 | €929,611 | -€130,866 | -12.3% |
| Trade debts | 44 | €770,489 | €432,802 | -€337,687 | -43.8% |
| Suppliers | 440/4 | €770,489 | €432,802 | -€337,687 | -43.8% |
| Taxes, remuneration and social security | 45 | €200,381 | €330,576 | +€130,195 | +65.0% |
| Taxes | 450/3 | €32,624 | €195,032 | +€162,408 | +498% |
| Remuneration and social security | 454/9 | €167,757 | €135,544 | -€32,213 | -19.2% |
| Other amounts payable | 47/48 | €607,954 | €1,196,049 | +€588,094 | +96.7% |
| Accrued charges and deferred income | 492/3 | - | €14,074 | +€14,074 | |
| Operating income | 70/76A | €9,857,158 | €9,529,960 | -€327,198 | -3.3% |
| Turnover | 70 | €9,727,454 | €9,241,658 | -€485,796 | -5.0% |
| Other operating income | 74 | €87,791 | €266,028 | +€178,237 | +203% |
| Non-recurring operating income | 76A | €41,914 | €22,275 | -€19,639 | -46.9% |
| Operating charges | 60/66A | €9,230,942 | €8,864,370 | -€366,573 | -4.0% |
| Goods for resale, raw materials and consumables | 60 | €6,332,093 | €5,658,006 | -€674,087 | -10.6% |
| Purchases | 600/8 | €6,746,383 | €6,405,481 | -€340,902 | -5.1% |
| Change in stocks: decrease (increase) | 609 | -€414,290 | -€747,475 | -€333,185 | -80.4% |
| Services and other goods | 61 | €1,827,495 | €2,012,771 | +€185,275 | +10.1% |
| Remuneration, social security and pensions | 62 | €939,525 | €1,081,287 | +€141,762 | +15.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €102,835 | €107,145 | +€4,310 | +4.2% |
| Other operating charges | 640/8 | €6,228 | €5,162 | -€1,066 | -17.1% |
| Non-recurring operating charges | 66A | €22,767 | €0 | -€22,767 | -100% |
| Operating profit (loss) | 9901 | €626,216 | €665,591 | +€39,375 | +6.3% |
| Financial income | 75/76B | €59,967 | €4,074 | -€55,893 | -93.2% |
| Recurring financial income | 75 | €59,967 | €4,074 | -€55,893 | -93.2% |
| Income from current assets | 751 | €4,202 | €2,272 | -€1,930 | -45.9% |
| Other financial income | 752/9 | €55,765 | €1,802 | -€53,962 | -96.8% |
| Financial charges | 65/66B | €203,875 | €115,931 | -€87,944 | -43.1% |
| Recurring financial charges | 65 | €203,875 | €115,931 | -€87,944 | -43.1% |
| Debt charges | 650 | €127,784 | €109,331 | -€18,453 | -14.4% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | €56,114 | €0 | -€56,114 | -100% |
| Other financial charges | 652/9 | €19,977 | €6,599 | -€13,377 | -67.0% |
| Profit (loss) for the period before taxes | 9903 | €482,309 | €553,734 | +€71,426 | +14.8% |
| Income taxes | 67/77 | €123,649 | €145,159 | +€21,511 | +17.4% |
| Taxes | 670/3 | €123,649 | €145,551 | +€21,903 | +17.7% |
| Tax adjustments and reversals of tax provisions | 77 | €0 | €392 | +€392 | |
| Profit (loss) for the period | 9904 | €358,660 | €408,575 | +€49,915 | +13.9% |
| Transfer from tax-exempt reserves | 789 | €210,500 | €0 | -€210,500 | -100% |
| Transfer to tax-exempt reserves | 689 | €202,080 | €0 | -€202,080 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €367,080 | €408,575 | +€41,495 | +11.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.