R en B MODE: 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
R en B MODE
NACE 46.423, Wholesale of clothing, excluding workwear and underwear
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€91,695
2024 · €1.3m-€1.2m
Equity
€2.9m
2024 · €3.9m-€984,740
Cash
€6.4m
2024 · €8.0m-€1.7m
Balance sheet total
€29.4m
2024 · €35.3m-€5.9m
Largest movements
Assets
- Receivables within one year -€20.9m
down €20.9m (-80.5%), from €26.0m to €5.1m
of which Other amounts receivable: -€19.4m
- Receivables after one year +€17.6m
new in 2025: €17.6m
- Cash -€1.7m
down €1.7m (-20.6%), from €8.0m to €6.4m
mainly Receivables after one year (-€17.6m) and Trade debts (-€5.1m)
- Current investments -€997,485
down €997,485 (-99.4%), from €1.0m to €5,549
Equity and liabilities
- Trade debts -€5.1m
down €5.1m (-16.4%), from €31.2m to €26.1m
- Reserves -€984,740
down €984,740 (-25.5%), from €3.9m to €2.9m
Income statement
- Turnover -€12.7m
down €12.7m (-33.5%), from €37.9m to €25.2m
- Goods and materials -€12.4m
down €12.4m (-33.5%), from €36.9m to €24.5m
of which Purchases: -€12.3m
- Financial income -€809,445
down €809,445 (-31.0%), from €2.6m to €1.8m
- Taxes -€413,550
down €413,550 (-90.3%), from €457,961 to €44,410
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
€1.3m
Turnover
-€12.7m
Other operating income
+€234,844
Goods and materials
+€12.4m
Services and other goods
-€301,218
Staff costs
-€11,395
Depreciation
-€527
Write-downs
-€93,150
Other operating charges
+€497
Other operating items
-€144,183
Financial income
-€809,445
Financial charges
-€200,508
Taxes
+€413,550
Result 2025
€91,695
raises the resultlowers the resultnot broken down further in the accounts
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
-€1.7m
Investment
+€927,947
Financing
-€904,928
Cash 2024
€8.0m
From operations (derived)
-€1.7m
Net result for the year
+€91,695
Depreciation
+€10,130
Receivables after one year
-€17.6m
Smaller working-capital items
+€14,473
Receivables within one year
+€20.9m
Trade debts
-€5.1m
Investment (derived)
+€927,947
Investment in fixed assets (net)
-€69,537
Current investments
+€997,485
Financing
-€904,928
Debts after one year
+€149,710
Current portion of long-term debt
+€21,798
Contributions, distributions and other
-€1.1m
Cash 2025
€6.4m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €35,279,766 | €29,365,587 | -€5.9m | -16.8% |
| Fixed assets | 21/28 | €21,503 | €80,911 | +€59,407 | +276% |
| Tangible fixed assets | 22/27 | €20,150 | €79,557 | +€59,407 | +295% |
| Plant, machinery and equipment | 23 | €4,680 | €3,250 | -€1,429 | -30.5% |
| Furniture and vehicles | 24 | €15,470 | €76,307 | +€60,836 | +393% |
| Financial fixed assets | 28 | €1,354 | €1,354 | = | 0.0% |
| Affiliated companies | 280/1 | €1,240 | €1,240 | = | 0.0% |
| Participating interests | 280 | €1,240 | €1,240 | = | 0.0% |
| Other financial fixed assets | 284/8 | €114 | €114 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €114 | €114 | = | 0.0% |
| Current assets | 29/58 | €35,258,263 | €29,284,676 | -€6.0m | -16.9% |
| Amounts receivable after more than one year | 29 | - | €17,569,579 | +€17.6m | |
| Other amounts receivable | 291 | - | €17,569,579 | +€17.6m | |
| Stocks and contracts in progress | 3 | €266,634 | €260,568 | -€6,066 | -2.3% |
| Stocks | 30/36 | €266,634 | €260,568 | -€6,066 | -2.3% |
| Goods purchased for resale | 34 | €266,634 | €260,568 | -€6,066 | -2.3% |
| Amounts receivable within one year | 40/41 | €25,958,302 | €5,060,630 | -€20.9m | -80.5% |
| Trade receivables | 40 | €2,999,502 | €1,469,091 | -€1.5m | -51.0% |
| Other amounts receivable | 41 | €22,958,800 | €3,591,539 | -€19.4m | -84.4% |
| Current investments | 50/53 | €1,003,034 | €5,549 | -€997,485 | -99.4% |
| Other investments | 51/53 | €1,003,034 | €5,549 | -€997,485 | -99.4% |
| Cash at bank and in hand | 54/58 | €8,023,082 | €6,372,604 | -€1.7m | -20.6% |
| Deferred charges and accrued income | 490/1 | €7,210 | €15,746 | +€8,536 | +118% |
| Total equity and liabilities | 10/49 | €35,279,766 | €29,365,587 | -€5.9m | -16.8% |
| Equity | 10/15 | €3,885,348 | €2,900,608 | -€984,740 | -25.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €3,866,756 | €2,882,016 | -€984,740 | -25.5% |
| Distributable reserves | 133 | €3,866,756 | €2,882,016 | -€984,740 | -25.5% |
| Amounts payable | 17/49 | €31,394,418 | €26,464,979 | -€4.9m | -15.7% |
| Amounts payable after more than one year | 17 | - | €149,710 | +€149,710 | |
| Financial debts | 170/4 | - | €43,773 | +€43,773 | |
| Credit institutions | 173 | - | €43,773 | +€43,773 | |
| Other amounts payable | 178/9 | - | €105,937 | +€105,937 | |
| Amounts payable within one year | 42/48 | €31,393,226 | €26,315,175 | -€5.1m | -16.2% |
| Current portion of amounts payable after more than one year | 42 | - | €21,798 | +€21,798 | |
| Trade debts | 44 | €31,199,576 | €26,081,687 | -€5.1m | -16.4% |
| Suppliers | 440/4 | €31,199,576 | €26,081,687 | -€5.1m | -16.4% |
| Taxes, remuneration and social security | 45 | €193,650 | €211,690 | +€18,041 | +9.3% |
| Taxes | 450/3 | €162,667 | €168,630 | +€5,963 | +3.7% |
| Remuneration and social security | 454/9 | €30,983 | €43,060 | +€12,078 | +39.0% |
| Accrued charges and deferred income | 492/3 | €1,193 | €95 | -€1,098 | -92.0% |
| Operating income | 70/76A | €38,216,467 | €25,640,483 | -€12.6m | -32.9% |
| Turnover | 70 | €37,855,052 | €25,189,007 | -€12.7m | -33.5% |
| Other operating income | 74 | €216,632 | €451,476 | +€234,844 | +108% |
| Non-recurring operating income | 76A | €144,783 | €0 | -€144,783 | -100% |
| Operating charges | 60/66A | €38,202,682 | €26,241,020 | -€12.0m | -31.3% |
| Goods for resale, raw materials and consumables | 60 | €36,889,542 | €24,522,686 | -€12.4m | -33.5% |
| Purchases | 600/8 | €36,787,897 | €24,516,620 | -€12.3m | -33.4% |
| Change in stocks: decrease (increase) | 609 | €101,644 | €6,066 | -€95,578 | -94.0% |
| Services and other goods | 61 | €1,197,678 | €1,498,896 | +€301,218 | +25.2% |
| Remuneration, social security and pensions | 62 | €196,162 | €207,557 | +€11,395 | +5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,603 | €10,130 | +€527 | +5.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€93,150 | €0 | +€93,150 | |
| Other operating charges | 640/8 | €2,248 | €1,751 | -€497 | -22.1% |
| Non-recurring operating charges | 66A | €600 | €0 | -€600 | -100% |
| Operating profit (loss) | 9901 | €13,785 | -€600,537 | -€614,322 | |
| Financial income | 75/76B | €2,607,499 | €1,798,054 | -€809,445 | -31.0% |
| Recurring financial income | 75 | €2,607,499 | €1,798,054 | -€809,445 | -31.0% |
| Income from current assets | 751 | €1,625,640 | €1,054,783 | -€570,857 | -35.1% |
| Other financial income | 752/9 | €981,860 | €743,271 | -€238,589 | -24.3% |
| Financial charges | 65/66B | €860,904 | €1,061,412 | +€200,508 | +23.3% |
| Recurring financial charges | 65 | €860,904 | €1,061,412 | +€200,508 | +23.3% |
| Debt charges | 650 | €21,034 | €15,799 | -€5,235 | -24.9% |
| Other financial charges | 652/9 | €839,869 | €1,045,613 | +€205,744 | +24.5% |
| Profit (loss) for the period before taxes | 9903 | €1,760,381 | €136,105 | -€1.6m | -92.3% |
| Income taxes | 67/77 | €457,961 | €44,410 | -€413,550 | -90.3% |
| Taxes | 670/3 | €457,961 | €44,410 | -€413,550 | -90.3% |
| Profit (loss) for the period | 9904 | €1,302,420 | €91,695 | -€1.2m | -93.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,302,420 | €91,695 | -€1.2m | -93.0% |
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 26 October 2026 via checked.be.