POWER TOOLS DISTRIBUTION: 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
POWER TOOLS DISTRIBUTION
NACE 46.620, Wholesale of machine tools
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€3.0m
2024 · €4.4m-€1.4m
Equity
€35.5m
2024 · €32.5m+€3.0m
Cash
€7,372
2024 · €108,216-€100,844
Balance sheet total
€200.7m
2024 · €243.5m-€42.8m
Largest movements
Assets
- Receivables within one year -€63.3m
down €63.3m (-46.7%), from €135.7m to €72.3m
of which Trade receivables: -€62.9m
- Tangible fixed assets +€21.0m
up €21.0m (+153.9%), from €13.6m to €34.6m
of which Assets under construction and advance payments: +€21.9m
Equity and liabilities
- Short-term financial debts -€52.3m
down €52.3m (-45.5%), from €114.9m to €62.6m
of which Other loans: -€51.9m
- Trade debts +€7.2m
up €7.2m (+7.8%), from €91.7m to €98.8m
- Reserves +€3.0m
up €3.0m (+14.4%), from €20.5m to €23.5m
of which Distributable reserves: +€3.0m
Income statement
- Goods and materials -€69.4m
down €69.4m (-6.5%), from €1.07bn to €999.2m
- Turnover -€52.3m
down €52.3m (-4.7%), from €1.10bn to €1.05bn
- Financial charges +€11.5m
up €11.5m (+344.7%), from €3.3m to €14.8m
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
€4.4m
Turnover
-€52.3m
Other operating income
-€24,362
Goods and materials
+€69.4m
Services and other goods
-€993,315
Staff costs
-€821,649
Depreciation
+€53,314
Write-downs
-€777,889
Provisions
+€249,609
Other operating charges
+€11,594
Other operating items
+€742,500
Financial income
+€69,453
Financial charges
-€11.5m
Other financial items
-€6.1m
Taxes
+€497,013
Result 2025
€3.0m
Cash bridge derived
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
+€75.1m
Investment
-€22.8m
Financing
-€52.3m
Cash 2024
€108,216
From operations (derived)
+€75.1m
Net result for the year
+€3.0m
Depreciation
+€1.5m
Stocks and contracts
+€719,188
Receivables within one year
+€63.3m
Smaller working-capital items
-€10,532
Trade debts
+€7.2m
Tax, wage and social debts
+€227,749
Advances received
-€792,105
Investment (derived)
-€22.8m
Investment in fixed assets (net)
-€22.8m
Financing
-€52.3m
Short-term financial debts
-€52.3m
Contributions, distributions and other
+€0
Cash 2025
€7,372
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €243,531,220 | €200,735,569 | -€42.8m | -17.6% |
| Fixed assets | 21/28 | €14,385,360 | €35,736,366 | +€21.4m | +148.4% |
| Intangible fixed assets | 21 | €723,847 | €1,072,807 | +€348,960 | +48.2% |
| Tangible fixed assets | 22/27 | €13,644,972 | €34,646,942 | +€21.0m | +153.9% |
| Land and buildings | 22 | €7,315,779 | €6,842,563 | -€473,216 | -6.5% |
| Plant, machinery and equipment | 23 | €1,700,805 | €1,406,983 | -€293,822 | -17.3% |
| Furniture and vehicles | 24 | €454,618 | €371,989 | -€82,629 | -18.2% |
| Assets under construction and advance payments | 27 | €4,173,771 | €26,025,407 | +€21.9m | +523.5% |
| Financial fixed assets | 28 | €16,540 | €16,617 | +€77 | +0.5% |
| Other financial fixed assets | 284/8 | €16,540 | €16,617 | +€77 | +0.5% |
| Amounts receivable and cash guarantees | 285/8 | €16,540 | €16,617 | +€77 | +0.5% |
| Current assets | 29/58 | €229,145,860 | €164,999,203 | -€64.1m | -28.0% |
| Stocks and contracts in progress | 3 | €93,025,762 | €92,306,574 | -€719,188 | -0.8% |
| Stocks | 30/36 | €93,025,762 | €92,306,574 | -€719,188 | -0.8% |
| Goods purchased for resale | 34 | €93,025,762 | €92,306,574 | -€719,188 | -0.8% |
| Amounts receivable within one year | 40/41 | €135,665,299 | €72,336,854 | -€63.3m | -46.7% |
| Trade receivables | 40 | €134,541,902 | €71,625,669 | -€62.9m | -46.8% |
| Other amounts receivable | 41 | €1,123,396 | €711,185 | -€412,211 | -36.7% |
| Cash at bank and in hand | 54/58 | €108,216 | €7,372 | -€100,844 | -93.2% |
| Deferred charges and accrued income | 490/1 | €346,584 | €348,403 | +€1,819 | +0.5% |
| Total equity and liabilities | 10/49 | €243,531,220 | €200,735,569 | -€42.8m | -17.6% |
| Equity | 10/15 | €32,539,971 | €35,493,322 | +€3.0m | +9.1% |
| Contributions | 10/11 | €12,000,000 | €12,000,000 | = | 0.0% |
| Capital | 10 | €12,000,000 | €12,000,000 | = | 0.0% |
| Issued capital | 100 | €12,000,000 | €12,000,000 | = | 0.0% |
| Reserves | 13 | €20,505,919 | €23,459,270 | +€3.0m | +14.4% |
| Non-distributable reserves | 130/1 | €1,200,000 | €1,200,000 | = | 0.0% |
| Legal reserve | 130 | €1,200,000 | €1,200,000 | = | 0.0% |
| Distributable reserves | 133 | €19,305,919 | €22,259,270 | +€3.0m | +15.3% |
| Investment grants | 15 | €34,052 | €34,052 | +€0 | 0.0% |
| Provisions and deferred taxes | 16 | €586,248 | €577,536 | -€8,712 | -1.5% |
| Provisions for liabilities and charges | 160/5 | €574,897 | €566,185 | -€8,712 | -1.5% |
| Other liabilities and charges | 164/5 | €574,897 | €566,185 | -€8,712 | -1.5% |
| Deferred taxes | 168 | €11,351 | €11,351 | -€0 | 0.0% |
| Amounts payable | 17/49 | €210,405,001 | €164,664,711 | -€45.7m | -21.7% |
| Amounts payable within one year | 42/48 | €210,405,001 | €164,664,711 | -€45.7m | -21.7% |
| Financial debts | 43 | €114,937,283 | €62,600,912 | -€52.3m | -45.5% |
| Credit institutions | 430/8 | €9,413,217 | €8,936,184 | -€477,033 | -5.1% |
| Other loans | 439 | €105,524,066 | €53,664,728 | -€51.9m | -49.1% |
| Trade debts | 44 | €91,662,349 | €98,822,785 | +€7.2m | +7.8% |
| Suppliers | 440/4 | €91,662,349 | €98,822,785 | +€7.2m | +7.8% |
| Advances received on contracts in progress | 46 | €1,368,043 | €575,938 | -€792,105 | -57.9% |
| Taxes, remuneration and social security | 45 | €2,437,326 | €2,665,075 | +€227,749 | +9.3% |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €2,437,326 | €2,665,075 | +€227,749 | +9.3% |
| Operating income | 70/76A | €1,104,031,110 | €1,052,049,980 | -€52.0m | -4.7% |
| Turnover | 70 | €1,102,885,775 | €1,050,627,237 | -€52.3m | -4.7% |
| Own construction capitalised | 72 | €486,578 | €798,879 | +€312,301 | +64.2% |
| Other operating income | 74 | €640,226 | €615,864 | -€24,362 | -3.8% |
| Non-recurring operating income | 76A | €18,531 | €8,000 | -€10,531 | -56.8% |
| Operating charges | 60/66A | €1,100,753,142 | €1,033,238,062 | -€67.5m | -6.1% |
| Goods for resale, raw materials and consumables | 60 | €1,068,560,585 | €999,207,899 | -€69.4m | -6.5% |
| Purchases | 600/8 | - | €1,000,901,461 | +€1.00bn | |
| Change in stocks: decrease (increase) | 609 | -€2,605,989 | -€1,693,563 | +€912,426 | +35.0% |
| Services and other goods | 61 | €9,471,513 | €10,464,828 | +€993,315 | +10.5% |
| Remuneration, social security and pensions | 62 | €18,656,998 | €19,478,647 | +€821,649 | +4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,530,075 | €1,476,761 | -€53,314 | -3.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,610,733 | €2,388,622 | +€777,889 | +48.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €240,897 | -€8,712 | -€249,609 | |
| Other operating charges | 640/8 | €232,079 | €220,485 | -€11,594 | -5.0% |
| Non-recurring operating charges | 66A | €450,262 | €9,533 | -€440,729 | -97.9% |
| Operating profit (loss) | 9901 | €3,277,967 | €18,811,918 | +€15.5m | +473.9% |
| Financial income | 75/76B | - | €69,453 | +€69,453 | |
| Recurring financial income | 75 | €6,084,896 | €69,453 | -€6.0m | -98.9% |
| Income from current assets | 751 | €20,673 | €3,578 | -€17,095 | -82.7% |
| Other financial income | 752/9 | €6,064,223 | €65,875 | -€6.0m | -98.9% |
| Financial charges | 65/66B | €3,324,739 | €14,786,150 | +€11.5m | +344.7% |
| Recurring financial charges | 65 | €3,324,739 | €14,786,150 | +€11.5m | +344.7% |
| Debt charges | 650 | €2,706,850 | €2,416,873 | -€289,977 | -10.7% |
| Other financial charges | 652/9 | €617,889 | €12,369,277 | +€11.8m | +1901.9% |
| Profit (loss) for the period before taxes | 9903 | €6,038,124 | €4,095,221 | -€1.9m | -32.2% |
| Income taxes | 67/77 | €1,638,883 | €1,141,870 | -€497,013 | -30.3% |
| Taxes | 670/3 | €1,640,595 | €1,141,870 | -€498,725 | -30.4% |
| Tax adjustments and reversals of tax provisions | 77 | €1,712 | - | -€1,712 | |
| Profit (loss) for the period | 9904 | €4,399,241 | €2,953,351 | -€1.4m | -32.9% |
| Profit (loss) for the period to be appropriated | 9905 | €4,399,241 | €2,953,351 | -€1.4m | -32.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.