SALES POWER: what changed
What changed
SALES POWER
NACE 70.100, Activities of head offices
filed annual accounts (NBB)
Net result for the year
-€5,912
2024 · €46,996-€52,907
Equity
€170,375
2024 · €177,119-€6,745
Cash
€36,565
2024 · €22,963+€13,602
Balance sheet total
€412,652
2024 · €464,484-€51,831
Largest movements
Assets
- Receivables within one year -€48,222
down €48,222 (-60.9%), from €79,177 to €30,956
of which Trade receivables: -€46,409
- Tangible fixed assets -€19,165
down €19,165 (-5.3%), from €361,829 to €342,665
of which Land and buildings: -€20,163
- Cash +€13,602
up €13,602 (+59.2%), from €22,963 to €36,565
mainly Receivables within one year (+€48,222) and Depreciation (+€23,359)
Equity and liabilities
- Debts after one year -€21,131
down €21,131 (-12.4%), from €169,876 to €148,745
of which Financial debts: -€21,421
- Other debts -€16,018
down €16,018 (-40.8%), from €39,288 to €23,270
- Accrued charges and deferred income +€13,747
up €13,747 (+253%), from €5,423 to €19,171
- Current portion of long-term debt -€10,385
down €10,385 (-32.3%), from €32,110 to €21,725
- Tax, wage and social debts -€9,912
down €9,912 (-84.1%), from €11,791 to €1,880
Income statement
- Other operating charges +€53,628
up €53,628 (+1,104%), from €4,859 to €58,486
- Gross operating margin -€9,139
down €9,139 (-9.0%), from €101,961 to €92,821
- Taxes -€7,914
down €7,914 (-79.2%), from €9,991 to €2,077
- Depreciation -€2,840
down €2,840 (-10.8%), from €26,199 to €23,359
- Financial charges +€2,228
up €2,228 (+17.5%), from €12,694 to €14,922
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€46,996
Gross operating margin
-€9,139
Depreciation
+€2,840
Write-downs
+€1,500
Other operating charges
-€53,628
Financial income
-€166
Financial charges
-€2,228
Taxes
+€7,914
Result 2025
-€5,912
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€50,251
Investment
-€4,194
Financing
-€32,455
Cash 2024
€22,963
From operations (derived)
+€50,251
Net result for the year
-€5,912
Depreciation
+€23,359
Receivables within one year
+€48,222
Deferred charges and accrued income
-€1,953
Provisions
-€110
Trade debts
-€1,172
Tax, wage and social debts
-€9,912
Other debts
-€16,018
Accrued charges and deferred income
+€13,747
Investment (derived)
-€4,194
Investment in fixed assets (net)
-€4,194
Financing
-€32,455
Debts after one year
-€21,131
Current portion of long-term debt
-€10,385
Short-term financial debts
-€105
Contributions, distributions and other
-€833
Cash 2025
€36,565
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €464,484 | €412,652 | -€51,831 | -11.2% |
| Fixed assets | 21/28 | €362,129 | €342,965 | -€19,165 | -5.3% |
| Tangible fixed assets | 22/27 | €361,829 | €342,665 | -€19,165 | -5.3% |
| Land and buildings | 22 | €357,589 | €337,426 | -€20,163 | -5.6% |
| Plant, machinery and equipment | 23 | - | €1,505 | +€1,505 | |
| Furniture and vehicles | 24 | €4,240 | €3,734 | -€506 | -11.9% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €102,354 | €69,688 | -€32,667 | -31.9% |
| Amounts receivable within one year | 40/41 | €79,177 | €30,956 | -€48,222 | -60.9% |
| Trade receivables | 40 | €67,718 | €21,309 | -€46,409 | -68.5% |
| Other amounts receivable | 41 | €11,460 | €9,647 | -€1,813 | -15.8% |
| Cash at bank and in hand | 54/58 | €22,963 | €36,565 | +€13,602 | +59.2% |
| Deferred charges and accrued income | 490/1 | €214 | €2,167 | +€1,953 | +913% |
| Total equity and liabilities | 10/49 | €464,484 | €412,652 | -€51,831 | -11.2% |
| Equity | 10/15 | €177,119 | €170,375 | -€6,745 | -3.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €158,519 | €151,775 | -€6,745 | -4.3% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100% |
| Tax-exempt reserves | 132 | €32,717 | €32,278 | -€439 | -1.3% |
| Distributable reserves | 133 | €123,942 | €119,497 | -€4,445 | -3.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €2,554 | €2,444 | -€110 | -4.3% |
| Deferred taxes | 168 | €2,554 | €2,444 | -€110 | -4.3% |
| Amounts payable | 17/49 | €284,810 | €239,833 | -€44,977 | -15.8% |
| Amounts payable after more than one year | 17 | €169,876 | €148,745 | -€21,131 | -12.4% |
| Financial debts | 170/4 | €167,021 | €145,600 | -€21,421 | -12.8% |
| Other amounts payable | 178/9 | €2,855 | €3,145 | +€290 | +10.2% |
| Amounts payable within one year | 42/48 | €109,510 | €71,917 | -€37,593 | -34.3% |
| Current portion of amounts payable after more than one year | 42 | €32,110 | €21,725 | -€10,385 | -32.3% |
| Financial debts | 43 | €105 | €0 | -€105 | -100% |
| Credit institutions | 430/8 | €105 | €0 | -€105 | -100% |
| Trade debts | 44 | €26,214 | €25,042 | -€1,172 | -4.5% |
| Suppliers | 440/4 | €26,214 | €25,042 | -€1,172 | -4.5% |
| Taxes, remuneration and social security | 45 | €11,791 | €1,880 | -€9,912 | -84.1% |
| Taxes | 450/3 | €11,791 | €1,880 | -€9,912 | -84.1% |
| Other amounts payable | 47/48 | €39,288 | €23,270 | -€16,018 | -40.8% |
| Accrued charges and deferred income | 492/3 | €5,423 | €19,171 | +€13,747 | +253% |
| Non-recurring operating income | 76A | €826 | €0 | -€826 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,199 | €23,359 | -€2,840 | -10.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,500 | €0 | -€1,500 | -100% |
| Other operating charges | 640/8 | €4,859 | €58,486 | +€53,628 | +1,104% |
| Gross operating margin | 9900 | €101,961 | €92,821 | -€9,139 | -9.0% |
| Operating profit (loss) | 9901 | €69,403 | €10,976 | -€58,427 | -84.2% |
| Financial income | 75/76B | €168 | €2 | -€166 | -99.0% |
| Recurring financial income | 75 | €168 | €2 | -€166 | -99.0% |
| Financial charges | 65/66B | €12,694 | €14,922 | +€2,228 | +17.5% |
| Recurring financial charges | 65 | €12,694 | €14,922 | +€2,228 | +17.5% |
| Profit (loss) for the period before taxes | 9903 | €56,877 | -€3,944 | -€60,821 | |
| Transfer from deferred taxes | 780 | €110 | €110 | = | 0.0% |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | €9,991 | €2,077 | -€7,914 | -79.2% |
| Profit (loss) for the period | 9904 | €46,996 | -€5,912 | -€52,907 | |
| Transfer from tax-exempt reserves | 789 | €439 | €439 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €47,435 | -€5,472 | -€52,907 |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.