NEW S-LINE: 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
NEW S-LINE
NACE 46.423, Wholesale of clothing, excluding workwear and underwear
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€4,055
2024 · €100,776-€104,832
Equity
€3.6m
2024 · €3.6m-€4,055
Cash
€3.2m
2024 · €3.7m-€461,535
Balance sheet total
€9.1m
2024 · €9.9m-€829,257
Largest movements
Assets
- Cash -€461,535
down €461,535 (-12.6%), from €3.7m to €3.2m
mainly Other debts (-€414,966) and Accrued charges and deferred income (-€396,029)
- Stocks and contracts -€306,277
down €306,277 (-10.4%), from €2.9m to €2.6m
of which Stocks: -€306,277
Equity and liabilities
- Other debts -€414,966
down €414,966 (-19.4%), from €2.1m to €1.7m
- Accrued charges and deferred income -€396,029
down €396,029 (-96.9%), from €408,910 to €12,880
Income statement
- Turnover -€669,704
no longer reported in 2025 (was €669,704)
- Purchases and services -€363,557
no longer reported in 2025 (was €363,557)
- Gross operating margin -€103,130
down €103,130 (-32.6%), from €316,760 to €213,630
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
€100,776
Gross operating margin
-€103,130
Depreciation
-€3,867
Other operating charges
+€2,056
Financial income
-€270
Financial charges
+€245
Taxes
+€136
Result 2025
-€4,055
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
-€332,577
Investment
-€128,957
Financing
€0
Cash 2024
€3.7m
From operations (derived)
-€332,577
Net result for the year
-€4,055
Depreciation
+€188,576
Stocks and contracts
+€306,277
Receivables within one year
-€2,775
Deferred charges and accrued income
+€4,603
Trade debts
-€1,981
Tax, wage and social debts
-€2,226
Advances received
-€10,000
Other debts
-€414,966
Accrued charges and deferred income
-€396,029
Investment (derived)
-€128,957
Investment in fixed assets (net)
-€128,957
Cash 2025
€3.2m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,937,828 | €9,108,571 | -€829,257 | -8.3% |
| Fixed assets | 21/28 | €3,010,837 | €2,951,218 | -€59,618 | -2.0% |
| Tangible fixed assets | 22/27 | €3,010,837 | €2,951,218 | -€59,618 | -2.0% |
| Land and buildings | 22 | €3,002,583 | €2,821,083 | -€181,500 | -6.0% |
| Plant, machinery and equipment | 23 | €2,896 | €2,534 | -€362 | -12.5% |
| Furniture and vehicles | 24 | €5,358 | €127,601 | +€122,244 | +2,282% |
| Current assets | 29/58 | €6,926,991 | €6,157,352 | -€769,639 | -11.1% |
| Stocks and contracts in progress | 3 | €2,939,277 | €2,633,000 | -€306,277 | -10.4% |
| Stocks | 30/36 | €2,939,277 | €2,633,000 | -€306,277 | -10.4% |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €307,763 | €310,539 | +€2,775 | +0.9% |
| Trade receivables | 40 | €137,744 | €140,668 | +€2,924 | +2.1% |
| Other amounts receivable | 41 | €170,019 | €169,871 | -€148 | -0.1% |
| Cash at bank and in hand | 54/58 | €3,671,606 | €3,210,071 | -€461,535 | -12.6% |
| Deferred charges and accrued income | 490/1 | €8,345 | €3,742 | -€4,603 | -55.2% |
| Total equity and liabilities | 10/49 | €9,937,828 | €9,108,571 | -€829,257 | -8.3% |
| Equity | 10/15 | €3,576,929 | €3,572,873 | -€4,055 | -0.1% |
| Contributions | 10/11 | €3,712,500 | €3,712,500 | = | 0.0% |
| Reserves | 13 | €6,729 | €6,729 | = | 0.0% |
| Distributable reserves | 133 | €6,729 | €6,729 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€142,300 | -€146,355 | -€4,055 | -2.8% |
| Amounts payable | 17/49 | €6,360,899 | €5,535,697 | -€825,202 | -13.0% |
| Amounts payable after more than one year | 17 | €3,766,485 | €3,766,485 | = | 0.0% |
| Financial debts | 170/4 | €3,750,000 | €3,750,000 | = | 0.0% |
| Other amounts payable | 178/9 | €16,485 | €16,485 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,185,505 | €1,756,332 | -€429,173 | -19.6% |
| Trade debts | 44 | €8,840 | €6,859 | -€1,981 | -22.4% |
| Suppliers | 440/4 | €8,840 | €6,859 | -€1,981 | -22.4% |
| Advances received on contracts in progress | 46 | €20,000 | €10,000 | -€10,000 | -50.0% |
| Taxes, remuneration and social security | 45 | €17,931 | €15,705 | -€2,226 | -12.4% |
| Taxes | 450/3 | €17,931 | €15,705 | -€2,226 | -12.4% |
| Other amounts payable | 47/48 | €2,138,734 | €1,723,768 | -€414,966 | -19.4% |
| Accrued charges and deferred income | 492/3 | €408,910 | €12,880 | -€396,029 | -96.9% |
| Turnover | 70 | €669,704 | - | -€669,704 | |
| Non-recurring operating income | 76A | €0 | €20,000 | +€20,000 | |
| Goods, raw materials, services and sundry goods | 60/61 | €363,557 | - | -€363,557 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €184,709 | €188,576 | +€3,867 | +2.1% |
| Other operating charges | 640/8 | €30,279 | €28,224 | -€2,056 | -6.8% |
| Gross operating margin | 9900 | €316,760 | €213,630 | -€103,130 | -32.6% |
| Operating profit (loss) | 9901 | €101,772 | -€3,170 | -€104,942 | |
| Financial income | 75/76B | €3,055 | €2,785 | -€270 | -8.8% |
| Recurring financial income | 75 | €3,055 | €2,785 | -€270 | -8.8% |
| Financial charges | 65/66B | €3,806 | €3,561 | -€245 | -6.4% |
| Recurring financial charges | 65 | €3,806 | €3,561 | -€245 | -6.4% |
| Profit (loss) for the period before taxes | 9903 | €101,021 | -€3,946 | -€104,967 | |
| Income taxes | 67/77 | €245 | €109 | -€136 | -55.5% |
| Profit (loss) for the period | 9904 | €100,776 | -€4,055 | -€104,832 | |
| Profit (loss) for the period to be appropriated | 9905 | €100,776 | -€4,055 | -€104,832 |
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 27 October 2026 via checked.be.