PRACTICAL: 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
PRACTICAL
NACE 47.521, Retail sale of hardware, building materials, paint and glass (general range)
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€225,796
2024 · €138,193+€87,603
Equity
€4.6m
2024 · €4.4m+€225,796
Cash
€134,701
2024 · €84,742+€49,959
Balance sheet total
€11.6m
2024 · €7.9m+€3.6m
Largest movements
Assets
- Tangible fixed assets +€2.6m
up €2.6m (+63.0%), from €4.2m to €6.8m
of which Land and buildings: +€2.2m
- Stocks and contracts +€1.0m
up €1.0m (+33.7%), from €3.1m to €4.1m
Equity and liabilities
- Debts after one year +€1.9m
up €1.9m (+332.1%), from €575,000 to €2.5m
- Other debts +€1.4m
up €1.4m (+96.6%), from €1.5m to €2.9m
- Profit (loss) carried forward +€225,796
up €225,796 (+7.3%), from €3.1m to €3.3m
- Current portion of long-term debt +€183,118
up €183,118 (+61.0%), from €300,000 to €483,118
Income statement
- Turnover -€2.9m
down €2.9m (-17.9%), from €15.9m to €13.1m
- Goods and materials -€2.2m
down €2.2m (-19.1%), from €11.6m to €9.4m
of which Change in stocks: decrease (increase): -€2.5m
- Other operating income +€218,728
up €218,728 (+193.1%), from €113,259 to €331,986
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
€138,193
Turnover
-€2.9m
Other operating income
+€218,728
Goods and materials
+€2.2m
Services and other goods
+€24,792
Staff costs
+€87,949
Depreciation
-€50,158
Write-downs
-€116,806
Other operating charges
+€62,689
Other operating items
+€493,376
Financial income
+€3,977
Financial charges
+€29,340
Taxes
-€20,795
Result 2025
€225,796
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
+€709,708
Investment
-€2.8m
Financing
+€2.1m
Cash 2024
€84,742
From operations (derived)
+€709,708
Net result for the year
+€225,796
Depreciation
+€121,822
Stocks and contracts
-€1.0m
Receivables within one year
+€73,605
Smaller working-capital items
+€595
Trade debts
-€107,553
Advances received
+€11,316
Other debts
+€1.4m
Accrued charges and deferred income
-€12,294
Investment (derived)
-€2.8m
Investment in fixed assets (net)
-€2.8m
Financing
+€2.1m
Debts after one year
+€1.9m
Current portion of long-term debt
+€183,118
Cash 2025
€134,701
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,918,159 | €11,562,755 | +€3.6m | +46.0% |
| Fixed assets | 21/28 | €4,175,858 | €6,806,391 | +€2.6m | +63.0% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €4,174,509 | €6,805,043 | +€2.6m | +63.0% |
| Land and buildings | 22 | €3,856,313 | €6,070,796 | +€2.2m | +57.4% |
| Plant, machinery and equipment | 23 | €57,105 | €491,575 | +€434,469 | +760.8% |
| Furniture and vehicles | 24 | €30,604 | €51,412 | +€20,808 | +68.0% |
| Leasing and similar rights | 25 | - | €87,277 | +€87,277 | |
| Other tangible fixed assets | 26 | €79,246 | €103,983 | +€24,737 | +31.2% |
| Assets under construction and advance payments | 27 | €151,240 | - | -€151,240 | |
| Financial fixed assets | 28 | €1,349 | €1,349 | = | 0.0% |
| Other financial fixed assets | 284/8 | €1,349 | €1,349 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €1,349 | €1,349 | = | 0.0% |
| Current assets | 29/58 | €3,742,301 | €4,756,364 | +€1.0m | +27.1% |
| Stocks and contracts in progress | 3 | €3,098,269 | €4,142,548 | +€1.0m | +33.7% |
| Stocks | 30/36 | €3,098,269 | €4,142,548 | +€1.0m | +33.7% |
| Goods purchased for resale | 34 | €3,098,269 | €4,142,548 | +€1.0m | +33.7% |
| Amounts receivable within one year | 40/41 | €543,905 | €470,300 | -€73,605 | -13.5% |
| Trade receivables | 40 | €496,640 | €448,687 | -€47,953 | -9.7% |
| Other amounts receivable | 41 | €47,265 | €21,613 | -€25,652 | -54.3% |
| Cash at bank and in hand | 54/58 | €84,742 | €134,701 | +€49,959 | +59.0% |
| Deferred charges and accrued income | 490/1 | €15,385 | €8,815 | -€6,570 | -42.7% |
| Total equity and liabilities | 10/49 | €7,918,159 | €11,562,755 | +€3.6m | +46.0% |
| Equity | 10/15 | €4,398,106 | €4,623,903 | +€225,796 | +5.1% |
| Contributions | 10/11 | €74,368 | €74,368 | = | 0.0% |
| Capital | 10 | €74,368 | €74,368 | = | 0.0% |
| Issued capital | 100 | €74,368 | €74,368 | = | 0.0% |
| Revaluation surpluses | 12 | €966,785 | €966,785 | = | 0.0% |
| Reserves | 13 | €248,747 | €248,747 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,437 | €7,437 | = | 0.0% |
| Legal reserve | 130 | €7,437 | €7,437 | = | 0.0% |
| Distributable reserves | 133 | €241,310 | €241,310 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,108,207 | €3,334,003 | +€225,796 | +7.3% |
| Amounts payable | 17/49 | €3,520,052 | €6,938,852 | +€3.4m | +97.1% |
| Amounts payable after more than one year | 17 | €575,000 | €2,484,489 | +€1.9m | +332.1% |
| Financial debts | 170/4 | €575,000 | €2,484,489 | +€1.9m | +332.1% |
| Leasing and similar obligations | 172 | - | €55,055 | +€55,055 | |
| Credit institutions | 173 | €575,000 | €2,429,434 | +€1.9m | +322.5% |
| Amounts payable within one year | 42/48 | €2,904,731 | €4,426,337 | +€1.5m | +52.4% |
| Current portion of amounts payable after more than one year | 42 | €300,000 | €483,118 | +€183,118 | +61.0% |
| Trade debts | 44 | €762,865 | €655,312 | -€107,553 | -14.1% |
| Suppliers | 440/4 | €762,865 | €655,312 | -€107,553 | -14.1% |
| Advances received on contracts in progress | 46 | €30,907 | €42,223 | +€11,316 | +36.6% |
| Taxes, remuneration and social security | 45 | €319,937 | €313,962 | -€5,975 | -1.9% |
| Taxes | 450/3 | €1,570 | €58,148 | +€56,578 | +3603.2% |
| Remuneration and social security | 454/9 | €318,366 | €255,814 | -€62,552 | -19.6% |
| Other amounts payable | 47/48 | €1,491,022 | €2,931,723 | +€1.4m | +96.6% |
| Accrued charges and deferred income | 492/3 | €40,321 | €28,027 | -€12,294 | -30.5% |
| Operating income | 70/76A | €16,047,120 | €13,408,897 | -€2.6m | -16.4% |
| Turnover | 70 | €15,933,861 | €13,076,911 | -€2.9m | -17.9% |
| Other operating income | 74 | €113,259 | €331,986 | +€218,728 | +193.1% |
| Operating charges | 60/66A | €15,806,733 | €13,093,429 | -€2.7m | -17.2% |
| Goods for resale, raw materials and consumables | 60 | €11,589,172 | €9,377,711 | -€2.2m | -19.1% |
| Purchases | 600/8 | €10,185,868 | €10,432,076 | +€246,207 | +2.4% |
| Change in stocks: decrease (increase) | 609 | €1,403,304 | -€1,054,365 | -€2.5m | |
| Services and other goods | 61 | €1,876,875 | €1,852,083 | -€24,792 | -1.3% |
| Remuneration, social security and pensions | 62 | €1,763,229 | €1,675,281 | -€87,949 | -5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,665 | €121,822 | +€50,158 | +70.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€125,429 | -€8,623 | +€116,806 | +93.1% |
| Other operating charges | 640/8 | €137,844 | €75,155 | -€62,689 | -45.5% |
| Non-recurring operating charges | 66A | €493,376 | - | -€493,376 | |
| Operating profit (loss) | 9901 | €240,387 | €315,469 | +€75,082 | +31.2% |
| Financial income | 75/76B | €129,120 | €133,097 | +€3,977 | +3.1% |
| Recurring financial income | 75 | €129,120 | €133,097 | +€3,977 | +3.1% |
| Income from current assets | 751 | €2 | €28 | +€27 | +1769.5% |
| Other financial income | 752/9 | €129,119 | €133,069 | +€3,950 | +3.1% |
| Financial charges | 65/66B | €177,739 | €148,399 | -€29,340 | -16.5% |
| Recurring financial charges | 65 | €177,689 | €148,349 | -€29,340 | -16.5% |
| Debt charges | 650 | €151,323 | €123,884 | -€27,439 | -18.1% |
| Other financial charges | 652/9 | €26,366 | €24,465 | -€1,901 | -7.2% |
| Non-recurring financial charges | 66B | €50 | €50 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €191,768 | €300,166 | +€108,398 | +56.5% |
| Income taxes | 67/77 | €53,575 | €74,370 | +€20,795 | +38.8% |
| Taxes | 670/3 | €53,575 | €74,370 | +€20,795 | +38.8% |
| Profit (loss) for the period | 9904 | €138,193 | €225,796 | +€87,603 | +63.4% |
| Profit (loss) for the period to be appropriated | 9905 | €138,193 | €225,796 | +€87,603 | +63.4% |
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 9 October 2026 via checked.be.