NB: 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
NB
NACE 46.711, Wholesale of cars and light vans (up to 3.5 tonnes)
fiscal year 2024 against 2025not consecutivefiled annual accounts (NBB)
Net result for the year
-€981,234
2024 · €828,250-€1.8m
Equity
€1.7m
2024 · €2.7m-€981,234
Cash
€204,375
2024 · €1.2m-€952,587
Balance sheet total
€7.6m
2024 · €9.1m-€1.5m
Largest movements
Assets
- Cash -€952,587
down €952,587 (-82.3%), from €1.2m to €204,375
- Stocks and contracts -€594,297
down €594,297 (-13.0%), from €4.6m to €4.0m
- Receivables within one year +€272,733
up €272,733 (+8.8%), from €3.1m to €3.4m
of which Other amounts receivable: +€1.4m
- Tangible fixed assets -€184,281
down €184,281 (-66.9%), from €275,406 to €91,125
of which Furniture and vehicles: -€111,768
Equity and liabilities
- Short-term financial debts +€2.0m
new in 2025: €2.0m
- Other debts -€2.0m
down €2.0m (-99.1%), from €2.0m to €18,434
- Reserves -€981,234
down €981,234 (-37.7%), from €2.6m to €1.6m
of which Distributable reserves: -€981,234
- Tax, wage and social debts -€923,699
down €923,699 (-77.0%), from €1.2m to €275,674
of which Taxes: -€911,115
- Trade debts +€361,571
up €361,571 (+14.7%), from €2.5m to €2.8m
Income statement
- Goods and materials +€1.3m
up €1.3m (+4.5%), from €27.7m to €29.0m
of which Purchases: +€6.5m
- Services and other goods +€1.2m
up €1.2m (+58.4%), from €2.1m to €3.3m
- Turnover +€1.1m
up €1.1m (+3.5%), from €31.8m to €32.9m
- Staff costs +€568,281
up €568,281 (+29.4%), from €1.9m to €2.5m
- Other operating income -€354,584
down €354,584 (-20.6%), from €1.7m to €1.4m
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
€828,250
Turnover
+€1.1m
Other operating income
-€354,584
Goods and materials
-€1.3m
Services and other goods
-€1.2m
Staff costs
-€568,281
Depreciation
+€124,087
Write-downs
-€196,841
Provisions
+€40,500
Other operating charges
+€28,943
Other operating items
+€31,723
Financial income
+€9,035
Financial charges
+€138,855
Taxes
+€307,777
Result 2025
-€981,234
Cash bridge derived
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,122,723 | €7,649,654 | -€1.5m | -16.1% |
| Fixed assets | 21/28 | €276,806 | €92,525 | -€184,281 | -66.6% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €275,406 | €91,125 | -€184,281 | -66.9% |
| Plant, machinery and equipment | 23 | €46,200 | €19,384 | -€26,816 | -58.0% |
| Furniture and vehicles | 24 | €157,922 | €46,154 | -€111,768 | -70.8% |
| Other tangible fixed assets | 26 | €71,283 | €25,587 | -€45,697 | -64.1% |
| Financial fixed assets | 28 | €1,400 | €1,400 | = | 0.0% |
| Other financial fixed assets | 284/8 | €1,400 | €1,400 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €1,400 | €1,400 | = | 0.0% |
| Current assets | 29/58 | €8,845,917 | €7,557,130 | -€1.3m | -14.6% |
| Stocks and contracts in progress | 3 | €4,574,647 | €3,980,351 | -€594,297 | -13.0% |
| Stocks | 30/36 | €4,574,647 | €3,980,351 | -€594,297 | -13.0% |
| Goods purchased for resale | 34 | €4,574,647 | €3,980,351 | -€594,297 | -13.0% |
| Amounts receivable within one year | 40/41 | €3,099,671 | €3,372,404 | +€272,733 | +8.8% |
| Trade receivables | 40 | €3,099,671 | €1,963,682 | -€1.1m | -36.6% |
| Other amounts receivable | 41 | - | €1,408,722 | +€1.4m | |
| Cash at bank and in hand | 54/58 | €1,156,962 | €204,375 | -€952,587 | -82.3% |
| Deferred charges and accrued income | 490/1 | €14,637 | - | -€14,637 | |
| Total equity and liabilities | 10/49 | €9,122,723 | €7,649,654 | -€1.5m | -16.1% |
| Equity | 10/15 | €2,726,337 | €1,745,103 | -€981,234 | -36.0% |
| Contributions | 10/11 | €124,367 | €124,367 | = | 0.0% |
| Capital | 10 | €124,367 | €124,367 | = | 0.0% |
| Issued capital | 100 | €124,367 | €124,367 | = | 0.0% |
| Reserves | 13 | €2,601,969 | €1,620,735 | -€981,234 | -37.7% |
| Non-distributable reserves | 130/1 | €12,437 | €12,437 | = | 0.0% |
| Legal reserve | 130 | €12,437 | €12,437 | = | 0.0% |
| Distributable reserves | 133 | €2,589,532 | €1,608,298 | -€981,234 | -37.9% |
| Provisions and deferred taxes | 16 | €76,200 | €80,800 | +€4,600 | +6.0% |
| Provisions for liabilities and charges | 160/5 | €76,200 | €80,800 | +€4,600 | +6.0% |
| Other liabilities and charges | 164/5 | €76,200 | €80,800 | +€4,600 | +6.0% |
| Amounts payable | 17/49 | €6,320,187 | €5,823,752 | -€496,435 | -7.9% |
| Amounts payable within one year | 42/48 | €5,656,269 | €5,148,770 | -€507,499 | -9.0% |
| Financial debts | 43 | - | €2,000,000 | +€2.0m | |
| Credit institutions | 430/8 | - | €2,000,000 | +€2.0m | |
| Trade debts | 44 | €2,455,230 | €2,816,801 | +€361,571 | +14.7% |
| Suppliers | 440/4 | €2,455,230 | €2,816,801 | +€361,571 | +14.7% |
| Advances received on contracts in progress | 46 | €1,665 | €37,861 | +€36,196 | +2173.9% |
| Taxes, remuneration and social security | 45 | €1,199,373 | €275,674 | -€923,699 | -77.0% |
| Taxes | 450/3 | €1,004,075 | €92,960 | -€911,115 | -90.7% |
| Remuneration and social security | 454/9 | €195,298 | €182,714 | -€12,584 | -6.4% |
| Other amounts payable | 47/48 | €2,000,000 | €18,434 | -€2.0m | -99.1% |
| Accrued charges and deferred income | 492/3 | €663,918 | €674,982 | +€11,064 | +1.7% |
| Operating income | 70/76A | €33,698,297 | €34,314,351 | +€616,054 | +1.8% |
| Turnover | 70 | €31,835,282 | €32,935,341 | +€1.1m | +3.5% |
| Other operating income | 74 | €1,723,623 | €1,369,039 | -€354,584 | -20.6% |
| Non-recurring operating income | 76A | €139,392 | €9,971 | -€129,421 | -92.8% |
| Operating charges | 60/66A | €32,338,650 | €35,219,855 | +€2.9m | +8.9% |
| Goods for resale, raw materials and consumables | 60 | €27,706,790 | €28,964,406 | +€1.3m | +4.5% |
| Purchases | 600/8 | €22,001,873 | €28,527,462 | +€6.5m | +29.7% |
| Change in stocks: decrease (increase) | 609 | €5,704,917 | €436,944 | -€5.3m | -92.3% |
| Services and other goods | 61 | €2,077,741 | €3,290,883 | +€1.2m | +58.4% |
| Remuneration, social security and pensions | 62 | €1,936,163 | €2,504,444 | +€568,281 | +29.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €201,584 | €77,497 | -€124,087 | -61.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€40,970 | €155,871 | +€196,841 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €45,100 | €4,600 | -€40,500 | -89.8% |
| Other operating charges | 640/8 | €228,609 | €199,666 | -€28,943 | -12.7% |
| Non-recurring operating charges | 66A | €183,633 | €22,488 | -€161,145 | -87.8% |
| Operating profit (loss) | 9901 | €1,359,647 | -€905,504 | -€2.3m | |
| Financial income | 75/76B | €232 | €9,267 | +€9,035 | +3896.3% |
| Recurring financial income | 75 | €232 | €9,267 | +€9,035 | +3896.3% |
| Income from current assets | 751 | €228 | €8,722 | +€8,494 | +3730.6% |
| Other financial income | 752/9 | €4 | €545 | +€540 | +12926.3% |
| Financial charges | 65/66B | €223,852 | €84,997 | -€138,855 | -62.0% |
| Recurring financial charges | 65 | €223,852 | €84,997 | -€138,855 | -62.0% |
| Debt charges | 650 | €215,280 | €76,169 | -€139,112 | -64.6% |
| Other financial charges | 652/9 | €8,571 | €8,828 | +€257 | +3.0% |
| Profit (loss) for the period before taxes | 9903 | €1,136,028 | -€981,234 | -€2.1m | |
| Income taxes | 67/77 | €307,777 | - | -€307,777 | |
| Taxes | 670/3 | €307,777 | - | -€307,777 | |
| Profit (loss) for the period | 9904 | €828,250 | -€981,234 | -€1.8m | |
| Profit (loss) for the period to be appropriated | 9905 | €828,250 | -€981,234 | -€1.8m |
Source: filed annual accounts (NBB), fiscal years ended 30 June 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.