MILITARIA AUCTIONS: what changed
You see two financial years side by side: what moved most in the balance sheet and the result, why the result rose or fell and where the money went.
MILITARIA AUCTIONS
Largest movements
- Current investments -€750,000
down €750,000 (-100%), from €750,000 to €0
- Cash +€174,868
up €174,868 (+43.6%), from €401,300 to €576,168
mainly Current investments (+€750,000) and Receivables within one year (+€25,246)
- Receivables within one year -€25,246
down €25,246 (-11.3%), from €223,416 to €198,170
of which Trade receivables: -€20,700
- Tangible fixed assets +€15,342
up €15,342, from €0 to €15,342
of which Other tangible fixed assets: +€13,806
- Trade debts -€359,248
down €359,248 (-31.7%), from €1.1m to €774,117
- Profit (loss) carried forward -€228,524
new in 2025: -€228,524
- Gross operating margin -€270,605
down €270,605, from €44,242 to -€226,364
- Taxes -€15,908
down €15,908 (-100%), from €15,908 to €0
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,376,179 | €791,908 | -€584,271 | -42.5% |
| Fixed assets | 21/28 | €0 | €16,498 | +€16,498 | |
| Tangible fixed assets | 22/27 | €0 | €15,342 | +€15,342 | |
| Furniture and vehicles | 24 | €0 | €1,537 | +€1,537 | |
| Other tangible fixed assets | 26 | - | €13,806 | +€13,806 | |
| Financial fixed assets | 28 | - | €1,156 | +€1,156 | |
| Current assets | 29/58 | €1,376,179 | €775,410 | -€600,769 | -43.7% |
| Amounts receivable within one year | 40/41 | €223,416 | €198,170 | -€25,246 | -11.3% |
| Trade receivables | 40 | €196,710 | €176,010 | -€20,700 | -10.5% |
| Other amounts receivable | 41 | €26,706 | €22,160 | -€4,547 | -17.0% |
| Current investments | 50/53 | €750,000 | €0 | -€750,000 | -100% |
| Cash at bank and in hand | 54/58 | €401,300 | €576,168 | +€174,868 | +43.6% |
| Deferred charges and accrued income | 490/1 | €1,463 | €1,073 | -€390 | -26.7% |
| Total equity and liabilities | 10/49 | €1,376,179 | €791,908 | -€584,271 | -42.5% |
| Equity | 10/15 | €93,581 | -€134,943 | -€228,524 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €74,981 | €74,981 | = | 0.0% |
| Distributable reserves | 133 | €74,981 | €74,981 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€228,524 | -€228,524 | |
| Amounts payable | 17/49 | €1,282,598 | €926,851 | -€355,746 | -27.7% |
| Amounts payable within one year | 42/48 | €1,282,598 | €926,851 | -€355,746 | -27.7% |
| Current portion of amounts payable after more than one year | 42 | €21,339 | €16,964 | -€4,375 | -20.5% |
| Trade debts | 44 | €1,133,365 | €774,117 | -€359,248 | -31.7% |
| Suppliers | 440/4 | €1,133,365 | €774,117 | -€359,248 | -31.7% |
| Taxes, remuneration and social security | 45 | €6,336 | €6,336 | = | 0.0% |
| Taxes | 450/3 | €6,336 | €6,336 | = | 0.0% |
| Other amounts payable | 47/48 | €121,558 | €129,434 | +€7,877 | +6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €231 | +€231 | |
| Other operating charges | 640/8 | €387 | €1,032 | +€645 | +166% |
| Gross operating margin | 9900 | €44,242 | -€226,364 | -€270,605 | |
| Operating profit (loss) | 9901 | €43,855 | -€227,626 | -€271,481 | |
| Financial income | 75/76B | €957 | €2,405 | +€1,447 | +151% |
| Recurring financial income | 75 | €957 | €2,405 | +€1,447 | +151% |
| Financial charges | 65/66B | €1,831 | €3,303 | +€1,472 | +80.4% |
| Recurring financial charges | 65 | €1,831 | €3,303 | +€1,472 | +80.4% |
| Profit (loss) for the period before taxes | 9903 | €42,981 | -€228,524 | -€271,506 | |
| Income taxes | 67/77 | €15,908 | €0 | -€15,908 | -100% |
| Profit (loss) for the period | 9904 | €27,073 | -€228,524 | -€255,597 | |
| Profit (loss) for the period to be appropriated | 9905 | €27,073 | -€228,524 | -€255,597 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.