Représentation Commerciale: 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.
Représentation Commerciale
Largest movements
- Cash +€11,080
up €11,080 (+24.5%), from €45,157 to €56,237
mainly Depreciation (+€8,174) and Receivables within one year (+€6,976)
- Trade debts -€10,337
down €10,337 (-76.1%), from €13,580 to €3,243
- Gross operating margin +€1,360
up €1,360 (+8.0%), from €16,950 to €18,310
- Depreciation -€671
down €671 (-7.6%), from €8,845 to €8,174
- Taxes +€346
up €346 (+10.2%), from €3,376 to €3,722
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €825,273 | €822,901 | -€2,372 | -0.3% |
| Fixed assets | 21/28 | €628,466 | €620,292 | -€8,174 | -1.3% |
| Tangible fixed assets | 22/27 | €72,547 | €64,373 | -€8,174 | -11.3% |
| Land and buildings | 22 | €50,813 | €49,125 | -€1,688 | -3.3% |
| Furniture and vehicles | 24 | €21,734 | €15,248 | -€6,486 | -29.8% |
| Financial fixed assets | 28 | €555,919 | €555,919 | = | 0.0% |
| Current assets | 29/58 | €196,807 | €202,609 | +€5,802 | +2.9% |
| Amounts receivable within one year | 40/41 | €149,923 | €142,947 | -€6,976 | -4.7% |
| Trade receivables | 40 | €10,348 | €5,283 | -€5,065 | -48.9% |
| Other amounts receivable | 41 | €139,575 | €137,664 | -€1,911 | -1.4% |
| Cash at bank and in hand | 54/58 | €45,157 | €56,237 | +€11,080 | +24.5% |
| Deferred charges and accrued income | 490/1 | €1,727 | €3,425 | +€1,698 | +98.3% |
| Total equity and liabilities | 10/49 | €825,273 | €822,901 | -€2,372 | -0.3% |
| Equity | 10/15 | €808,690 | €815,204 | +€6,514 | +0.8% |
| 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 | €21,071 | €21,071 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Distributable reserves | 133 | €14,874 | €14,874 | = | 0.0% |
| Profit (loss) carried forward | 14 | €725,646 | €732,160 | +€6,514 | +0.9% |
| Amounts payable | 17/49 | €16,583 | €7,697 | -€8,886 | -53.6% |
| Amounts payable within one year | 42/48 | €14,488 | €7,697 | -€6,791 | -46.9% |
| Trade debts | 44 | €13,580 | €3,243 | -€10,337 | -76.1% |
| Suppliers | 440/4 | €13,580 | €3,243 | -€10,337 | -76.1% |
| Taxes, remuneration and social security | 45 | €908 | €4,454 | +€3,546 | +391% |
| Taxes | 450/3 | €908 | €4,454 | +€3,546 | +391% |
| Accrued charges and deferred income | 492/3 | €2,095 | - | -€2,095 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,845 | €8,174 | -€671 | -7.6% |
| Other operating charges | 640/8 | €3,988 | €4,009 | +€21 | +0.5% |
| Gross operating margin | 9900 | €16,950 | €18,310 | +€1,360 | +8.0% |
| Operating profit (loss) | 9901 | €4,117 | €6,127 | +€2,010 | +48.8% |
| Financial income | 75/76B | €4,165 | €4,160 | -€5 | -0.1% |
| Recurring financial income | 75 | €4,165 | €4,160 | -€5 | -0.1% |
| Financial charges | 65/66B | €51 | €51 | = | 0.0% |
| Recurring financial charges | 65 | €51 | €51 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €8,231 | €10,236 | +€2,005 | +24.4% |
| Income taxes | 67/77 | €3,376 | €3,722 | +€346 | +10.2% |
| Profit (loss) for the period | 9904 | €4,855 | €6,514 | +€1,659 | +34.2% |
| Profit (loss) for the period to be appropriated | 9905 | €4,855 | €6,514 | +€1,659 | +34.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.