RESOURCES EVOLUTION: 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
RESOURCES EVOLUTION
NACE 46.120, Wholesale trade
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€603,661
2024 · €2.9m-€2.3m
Equity
€5.1m
2024 · €7.5m-€2.4m
Cash
€4.4m
2024 · €8.6m-€4.2m
Balance sheet total
€7.8m
2024 · €10.6m-€2.7m
Largest movements
Assets
- Cash -€4.2m
down €4.2m (-49.2%), from €8.6m to €4.4m
mainly Contributions, distributions and other (-€3.0m) and Receivables within one year (-€1.5m)
- Receivables within one year +€1.5m
up €1.5m (+150.4%), from €1.0m to €2.6m
of which Trade receivables: +€1.2m
Equity and liabilities
- Contributions -€3.0m
down €3.0m (-69.0%), from €4.3m to €1.3m
- Profit (loss) carried forward +€603,661
up €603,661 (+19.2%), from €3.1m to €3.7m
- Tax, wage and social debts -€600,434
down €600,434 (-44.6%), from €1.3m to €746,423
of which Taxes: -€595,456
- Advances received -€427,892
no longer reported in 2025 (was €427,892)
- Trade debts +€401,028
up €401,028 (+30.9%), from €1.3m to €1.7m
Income statement
- Turnover -€31.8m
down €31.8m (-37.6%), from €84.4m to €52.7m
- Goods and materials -€28.7m
down €28.7m (-37.4%), from €76.6m to €47.9m
of which Purchases: -€28.2m
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
€2.9m
Turnover
-€31.8m
Other operating income
+€110,084
Goods and materials
+€28.7m
Services and other goods
+€198,865
Staff costs
-€100,999
Depreciation
-€0
Write-downs
+€50,000
Other operating charges
-€422,733
Financial income
-€78,929
Financial charges
+€300,700
Taxes
+€736,433
Result 2025
€603,661
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
-€1.5m
Investment
-€2,308
Financing
-€2.8m
Cash 2024
€8.6m
From operations (derived)
-€1.5m
Net result for the year
+€603,661
Depreciation
+€5,312
Stocks and contracts
+€62,671
Receivables within one year
-€1.5m
Deferred charges and accrued income
-€22,683
Trade debts
+€401,028
Tax, wage and social debts
-€600,434
Advances received
-€427,892
Accrued charges and deferred income
+€51,507
Investment (derived)
-€2,308
Investment in fixed assets (net)
-€2,308
Financing
-€2.8m
Short-term financial debts
+€234,774
Contributions, distributions and other
-€3.0m
Cash 2025
€4.4m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,582,111 | €7,844,754 | -€2.7m | -25.9% |
| Fixed assets | 21/28 | €165,571 | €162,567 | -€3,004 | -1.8% |
| Tangible fixed assets | 22/27 | €60,588 | €57,108 | -€3,480 | -5.7% |
| Furniture and vehicles | 24 | €6,832 | €2,498 | -€4,334 | -63.4% |
| Other tangible fixed assets | 26 | €8,228 | €7,250 | -€978 | -11.9% |
| Assets under construction and advance payments | 27 | €45,529 | €47,360 | +€1,832 | +4.0% |
| Financial fixed assets | 28 | €104,983 | €105,459 | +€477 | +0.5% |
| Affiliated companies | 280/1 | €93,521 | €93,521 | = | 0.0% |
| Participating interests | 280 | €93,521 | €93,521 | = | 0.0% |
| Other financial fixed assets | 284/8 | €11,462 | €11,939 | +€477 | +4.2% |
| Amounts receivable and cash guarantees | 285/8 | €11,462 | €11,939 | +€477 | +4.2% |
| Current assets | 29/58 | €10,416,540 | €7,682,187 | -€2.7m | -26.3% |
| Stocks and contracts in progress | 3 | €750,159 | €687,488 | -€62,671 | -8.4% |
| Stocks | 30/36 | €750,159 | €687,488 | -€62,671 | -8.4% |
| Goods purchased for resale | 34 | €100,334 | €687,488 | +€587,154 | +585.2% |
| Advance payments | 36 | €649,825 | - | -€649,825 | |
| Amounts receivable within one year | 40/41 | €1,023,829 | €2,563,545 | +€1.5m | +150.4% |
| Trade receivables | 40 | €907,954 | €2,111,574 | +€1.2m | +132.6% |
| Other amounts receivable | 41 | €115,875 | €451,971 | +€336,096 | +290.1% |
| Cash at bank and in hand | 54/58 | €8,605,827 | €4,371,746 | -€4.2m | -49.2% |
| Deferred charges and accrued income | 490/1 | €36,725 | €59,408 | +€22,683 | +61.8% |
| Total equity and liabilities | 10/49 | €10,582,111 | €7,844,754 | -€2.7m | -25.9% |
| Equity | 10/15 | €7,488,710 | €5,092,371 | -€2.4m | -32.0% |
| Contributions | 10/11 | €4,346,156 | €1,346,156 | -€3.0m | -69.0% |
| Profit (loss) carried forward | 14 | €3,142,554 | €3,746,215 | +€603,661 | +19.2% |
| Amounts payable | 17/49 | €3,093,401 | €2,752,384 | -€341,017 | -11.0% |
| Amounts payable within one year | 42/48 | €3,073,687 | €2,681,163 | -€392,524 | -12.8% |
| Financial debts | 43 | - | €234,774 | +€234,774 | |
| Credit institutions | 430/8 | - | €234,774 | +€234,774 | |
| Trade debts | 44 | €1,298,938 | €1,699,966 | +€401,028 | +30.9% |
| Suppliers | 440/4 | €1,298,938 | €1,699,966 | +€401,028 | +30.9% |
| Advances received on contracts in progress | 46 | €427,892 | - | -€427,892 | |
| Taxes, remuneration and social security | 45 | €1,346,858 | €746,423 | -€600,434 | -44.6% |
| Taxes | 450/3 | €1,089,103 | €493,646 | -€595,456 | -54.7% |
| Remuneration and social security | 454/9 | €257,755 | €252,777 | -€4,978 | -1.9% |
| Accrued charges and deferred income | 492/3 | €19,714 | €71,221 | +€51,507 | +261.3% |
| Operating income | 70/76A | €84,526,505 | €52,844,939 | -€31.7m | -37.5% |
| Turnover | 70 | €84,442,266 | €52,650,616 | -€31.8m | -37.6% |
| Other operating income | 74 | €84,239 | €194,323 | +€110,084 | +130.7% |
| Operating charges | 60/66A | €80,122,954 | €51,732,336 | -€28.4m | -35.4% |
| Goods for resale, raw materials and consumables | 60 | €76,570,633 | €47,905,149 | -€28.7m | -37.4% |
| Purchases | 600/8 | €76,662,788 | €48,492,302 | -€28.2m | -36.7% |
| Change in stocks: decrease (increase) | 609 | -€92,154 | -€587,154 | -€495,000 | -537.1% |
| Services and other goods | 61 | €2,777,757 | €2,578,892 | -€198,865 | -7.2% |
| Remuneration, social security and pensions | 62 | €718,859 | €819,857 | +€100,999 | +14.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,312 | €5,312 | +€0 | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €50,000 | - | -€50,000 | |
| Other operating charges | 640/8 | €393 | €423,126 | +€422,733 | +107601.2% |
| Operating profit (loss) | 9901 | €4,403,550 | €1,112,604 | -€3.3m | -74.7% |
| Financial income | 75/76B | €147,317 | €68,388 | -€78,929 | -53.6% |
| Recurring financial income | 75 | €147,317 | €68,388 | -€78,929 | -53.6% |
| Income from current assets | 751 | €45,731 | €68,387 | +€22,655 | +49.5% |
| Other financial income | 752/9 | €101,586 | €1 | -€101,585 | -100.0% |
| Financial charges | 65/66B | €519,805 | €219,105 | -€300,700 | -57.8% |
| Recurring financial charges | 65 | €519,805 | €219,105 | -€300,700 | -57.8% |
| Debt charges | 650 | €502,891 | €118,967 | -€383,924 | -76.3% |
| Other financial charges | 652/9 | €16,914 | €100,138 | +€83,224 | +492.0% |
| Profit (loss) for the period before taxes | 9903 | €4,031,062 | €961,887 | -€3.1m | -76.1% |
| Income taxes | 67/77 | €1,094,659 | €358,226 | -€736,433 | -67.3% |
| Taxes | 670/3 | €1,094,659 | €358,226 | -€736,433 | -67.3% |
| Profit (loss) for the period | 9904 | €2,936,403 | €603,661 | -€2.3m | -79.4% |
| Profit (loss) for the period to be appropriated | 9905 | €2,936,403 | €603,661 | -€2.3m | -79.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.