P. TASSENOY: what changed
What changed
P. TASSENOY
NACE 46.350, Wholesale trade
filed annual accounts (NBB)
Net result for the year
€467,251
2024 · €300,524+€166,727
Equity
€2.7m
2024 · €2.2m+€467,251
Cash
€517,320
2024 · €994,624-€477,303
Balance sheet total
€4.5m
2024 · €4.9m-€398,881
Largest movements
Assets
- Cash -€477,303
down €477,303 (-48.0%), from €994,624 to €517,320
mainly Trade debts (-€945,652) and Receivables within one year (-€73,691)
- Receivables within one year +€73,691
up €73,691 (+3.6%), from €2.0m to €2.1m
of which Trade receivables: +€71,249
Equity and liabilities
- Trade debts -€945,652
down €945,652 (-81.3%), from €1.2m to €217,976
- Reserves +€467,251
up €467,251 (+21.6%), from €2.2m to €2.6m
of which Distributable reserves: +€467,251
- Other debts +€65,172
up €65,172 (+5.2%), from €1.3m to €1.3m
Income statement
- Gross operating margin +€223,125
up €223,125 (+32.9%), from €678,330 to €901,455
- Other operating charges +€221,935
up €221,935 (+502%), from €44,243 to €266,178
- Write-downs -€96,548
down €96,548, from €13,681 to -€82,867
- Financial income +€58,741
up €58,741 (+17,380%), from €338 to €59,079
- Taxes +€56,374
up €56,374 (+54.3%), from €103,772 to €160,146
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.
Result 2024
€300,524
Gross operating margin
+€223,125
Staff costs
+€5,799
Depreciation
+€5,924
Write-downs
+€96,548
Provisions
+€40,000
Other operating charges
-€221,935
Financial income
+€58,741
Financial charges
+€14,898
Taxes
-€56,374
Result 2025
€467,251
raises the resultlowers the result
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.
From operations
-€457,907
Investment
-€19,396
Financing
€0
Cash 2024
€994,624
From operations (derived)
-€457,907
Net result for the year
+€467,251
Depreciation
+€11,182
Stocks and contracts
+€3,450
Receivables within one year
-€73,691
Deferred charges and accrued income
+€33
Trade debts
-€945,652
Tax, wage and social debts
+€21,074
Other debts
+€65,172
Accrued charges and deferred income
-€6,725
Investment (derived)
-€19,396
Investment in fixed assets (net)
-€19,396
Cash 2025
€517,320
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,899,953 | €4,501,073 | -€398,881 | -8.1% |
| Fixed assets | 21/28 | €129,274 | €137,488 | +€8,214 | +6.4% |
| Intangible fixed assets | 21 | - | €12,911 | +€12,911 | |
| Tangible fixed assets | 22/27 | €129,274 | €124,577 | -€4,697 | -3.6% |
| Land and buildings | 22 | €124,701 | €120,000 | -€4,701 | -3.8% |
| Furniture and vehicles | 24 | €4,574 | €4,577 | +€4 | +0.1% |
| Current assets | 29/58 | €4,770,679 | €4,363,584 | -€407,095 | -8.5% |
| Stocks and contracts in progress | 3 | €1,745,233 | €1,741,784 | -€3,450 | -0.2% |
| Stocks | 30/36 | €1,745,233 | €1,741,784 | -€3,450 | -0.2% |
| Amounts receivable within one year | 40/41 | €2,023,812 | €2,097,503 | +€73,691 | +3.6% |
| Trade receivables | 40 | €2,013,344 | €2,084,593 | +€71,249 | +3.5% |
| Other amounts receivable | 41 | €10,468 | €12,910 | +€2,442 | +23.3% |
| Cash at bank and in hand | 54/58 | €994,624 | €517,320 | -€477,303 | -48.0% |
| Deferred charges and accrued income | 490/1 | €7,010 | €6,977 | -€33 | -0.5% |
| Total equity and liabilities | 10/49 | €4,899,953 | €4,501,073 | -€398,881 | -8.1% |
| Equity | 10/15 | €2,230,087 | €2,697,338 | +€467,251 | +21.0% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €2,168,114 | €2,635,365 | +€467,251 | +21.6% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €2,143,167 | €2,610,417 | +€467,251 | +21.8% |
| Provisions and deferred taxes | 16 | €120,000 | €120,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €120,000 | €120,000 | = | 0.0% |
| Major repairs and maintenance | 162 | €120,000 | €120,000 | = | 0.0% |
| Amounts payable | 17/49 | €2,549,866 | €1,683,735 | -€866,131 | -34.0% |
| Amounts payable within one year | 42/48 | €2,441,119 | €1,581,712 | -€859,407 | -35.2% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €1,163,628 | €217,976 | -€945,652 | -81.3% |
| Suppliers | 440/4 | €1,163,628 | €217,976 | -€945,652 | -81.3% |
| Taxes, remuneration and social security | 45 | €15,322 | €36,396 | +€21,074 | +138% |
| Taxes | 450/3 | €3,772 | €28,918 | +€25,146 | +667% |
| Remuneration and social security | 454/9 | €11,550 | €7,478 | -€4,072 | -35.3% |
| Other amounts payable | 47/48 | €1,262,169 | €1,327,341 | +€65,172 | +5.2% |
| Accrued charges and deferred income | 492/3 | €108,747 | €102,023 | -€6,725 | -6.2% |
| Remuneration, social security and pensions | 62 | €46,195 | €40,396 | -€5,799 | -12.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,106 | €11,182 | -€5,924 | -34.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €13,681 | -€82,867 | -€96,548 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €40,000 | €0 | -€40,000 | -100% |
| Other operating charges | 640/8 | €44,243 | €266,178 | +€221,935 | +502% |
| Gross operating margin | 9900 | €678,330 | €901,455 | +€223,125 | +32.9% |
| Operating profit (loss) | 9901 | €517,105 | €666,567 | +€149,462 | +28.9% |
| Financial income | 75/76B | €338 | €59,079 | +€58,741 | +17,380% |
| Recurring financial income | 75 | €338 | €59,079 | +€58,741 | +17,380% |
| Financial charges | 65/66B | €113,147 | €98,249 | -€14,898 | -13.2% |
| Recurring financial charges | 65 | €113,147 | €98,249 | -€14,898 | -13.2% |
| Profit (loss) for the period before taxes | 9903 | €404,296 | €627,396 | +€223,101 | +55.2% |
| Income taxes | 67/77 | €103,772 | €160,146 | +€56,374 | +54.3% |
| Profit (loss) for the period | 9904 | €300,524 | €467,251 | +€166,727 | +55.5% |
| Profit (loss) for the period to be appropriated | 9905 | €300,524 | €467,251 | +€166,727 | +55.5% |
Next steps
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Calculation and sources
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 6 November 2026 via checked.be.