SELECT +: what changed
Two fiscal 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
SELECT +
NACE 46.431, Wholesale of electrical household appliances and audio-video equipment
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€92,758
2024 · €89,199+€3,559
Equity
€1.7m
2024 · €1.6m+€92,758
Cash
€920,736
2024 · €558,977+€361,760
Balance sheet total
€4.8m
2024 · €5.6m-€801,467
Largest movements
Assets
- Receivables within one year -€1.2m
down €1.2m (-23.0%), from €5.0m to €3.9m
of which Other amounts receivable: -€1.8m
- Cash +€361,760
up €361,760 (+64.7%), from €558,977 to €920,736
mainly Receivables within one year (+€1.2m) and Net result for the year (+€92,758)
Equity and liabilities
- Trade debts -€871,645
down €871,645 (-22.1%), from €3.9m to €3.1m
- Profit (loss) carried forward +€92,758
up €92,758 (+5.9%), from €1.6m to €1.7m
Income statement
No income-statement line moved by more than 1% of the activity.
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
€89,199
Turnover
+€481,351
Other operating income
-€914
Goods and materials
-€233,748
Services and other goods
-€127,974
Staff costs
-€67,483
Depreciation
+€181
Other operating charges
-€48
Financial income
-€67,441
Financial charges
+€21,251
Taxes
-€1,615
Result 2025
€92,758
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
+€361,760
Investment
€0
Financing
€0
Cash 2024
€558,977
From operations (derived)
+€361,760
Net result for the year
+€92,758
Depreciation
+€1,819
Receivables within one year
+€1.2m
Deferred charges and accrued income
+€396
Trade debts
-€871,645
Tax, wage and social debts
-€22,581
Cash 2025
€920,736
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,619,252 | €4,817,785 | -€801,467 | -14.3% |
| Fixed assets | 21/28 | €1,819 | €0 | -€1,819 | -100.0% |
| Tangible fixed assets | 22/27 | €1,819 | €0 | -€1,819 | -100.0% |
| Plant, machinery and equipment | 23 | €1,819 | €0 | -€1,819 | -100.0% |
| Current assets | 29/58 | €5,617,433 | €4,817,785 | -€799,648 | -14.2% |
| Amounts receivable within one year | 40/41 | €5,044,207 | €3,883,195 | -€1.2m | -23.0% |
| Trade receivables | 40 | €3,035,063 | €3,670,420 | +€635,358 | +20.9% |
| Other amounts receivable | 41 | €2,009,144 | €212,775 | -€1.8m | -89.4% |
| Cash at bank and in hand | 54/58 | €558,977 | €920,736 | +€361,760 | +64.7% |
| Deferred charges and accrued income | 490/1 | €14,250 | €13,853 | -€396 | -2.8% |
| Total equity and liabilities | 10/49 | €5,619,252 | €4,817,785 | -€801,467 | -14.3% |
| Equity | 10/15 | €1,598,266 | €1,691,024 | +€92,758 | +5.8% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €5,621 | €5,621 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,875 | - | -€1,875 | |
| Reserves not available under the articles | 1311 | €1,875 | - | -€1,875 | |
| Tax-exempt reserves | 132 | €3,746 | €3,746 | = | 0.0% |
| Distributable reserves | 133 | - | €1,875 | +€1,875 | |
| Profit (loss) carried forward | 14 | €1,573,895 | €1,666,653 | +€92,758 | +5.9% |
| Amounts payable | 17/49 | €4,020,987 | €3,126,761 | -€894,226 | -22.2% |
| Amounts payable within one year | 42/48 | €4,020,987 | €3,126,761 | -€894,226 | -22.2% |
| Trade debts | 44 | €3,945,808 | €3,074,163 | -€871,645 | -22.1% |
| Suppliers | 440/4 | €3,945,808 | €3,074,163 | -€871,645 | -22.1% |
| Taxes, remuneration and social security | 45 | €75,178 | €52,598 | -€22,581 | -30.0% |
| Taxes | 450/3 | €44,544 | €21,956 | -€22,588 | -50.7% |
| Remuneration and social security | 454/9 | €30,634 | €30,642 | +€8 | 0.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Operating income | 70/76A | €60,080,575 | €60,561,012 | +€480,437 | +0.8% |
| Turnover | 70 | €59,387,973 | €59,869,323 | +€481,351 | +0.8% |
| Other operating income | 74 | €692,602 | €691,688 | -€914 | -0.1% |
| Operating charges | 60/66A | €59,990,158 | €60,419,230 | +€429,073 | +0.7% |
| Goods for resale, raw materials and consumables | 60 | €57,683,001 | €57,916,749 | +€233,748 | +0.4% |
| Purchases | 600/8 | €57,683,001 | €57,916,749 | +€233,748 | +0.4% |
| Services and other goods | 61 | €2,005,978 | €2,133,952 | +€127,974 | +6.4% |
| Remuneration, social security and pensions | 62 | €298,104 | €365,587 | +€67,483 | +22.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,000 | €1,819 | -€181 | -9.0% |
| Other operating charges | 640/8 | €1,075 | €1,124 | +€48 | +4.5% |
| Operating profit (loss) | 9901 | €90,417 | €141,781 | +€51,364 | +56.8% |
| Financial income | 75/76B | €67,441 | - | -€67,441 | |
| Recurring financial income | 75 | €67,441 | - | -€67,441 | |
| Income from current assets | 751 | €64,193 | - | -€64,193 | |
| Other financial income | 752/9 | €3,248 | - | -€3,248 | |
| Financial charges | 65/66B | €34,781 | €13,530 | -€21,251 | -61.1% |
| Recurring financial charges | 65 | €34,781 | €13,530 | -€21,251 | -61.1% |
| Debt charges | 650 | €26,875 | €10,617 | -€16,259 | -60.5% |
| Other financial charges | 652/9 | €7,906 | €2,913 | -€4,992 | -63.2% |
| Profit (loss) for the period before taxes | 9903 | €123,077 | €128,252 | +€5,174 | +4.2% |
| Income taxes | 67/77 | €33,878 | €35,493 | +€1,615 | +4.8% |
| Taxes | 670/3 | €33,878 | €35,493 | +€1,615 | +4.8% |
| Profit (loss) for the period | 9904 | €89,199 | €92,758 | +€3,559 | +4.0% |
| Profit (loss) for the period to be appropriated | 9905 | €89,199 | €92,758 | +€3,559 | +4.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.