ShowTex: 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
ShowTex
NACE 46.411, Wholesale trade
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€28,573
2024 · €1.4m-€1.4m
Equity
€5.0m
2024 · €5.0m+€28,573
Cash
€690,394
2024 · €689,871+€523
Balance sheet total
€11.2m
2024 · €11.8m-€643,061
Largest movements
Assets
- Receivables within one year -€1.0m
down €1.0m (-24.2%), from €4.3m to €3.2m
of which Trade receivables: -€1.0m
- Intangible fixed assets +€268,785
up €268,785 (+31.1%), from €865,327 to €1.1m
Equity and liabilities
- Trade debts -€471,212
down €471,212 (-15.0%), from €3.2m to €2.7m
- Short-term financial debts -€282,311
down €282,311 (-13.8%), from €2.0m to €1.8m
Income statement
- Turnover -€1.9m
down €1.9m (-7.6%), from €25.3m to €23.4m
- Goods and materials -€1.1m
down €1.1m (-9.8%), from €10.9m to €9.8m
of which Purchases: -€1.4m
- Staff costs +€620,403
up €620,403 (+11.2%), from €5.5m to €6.1m
- Taxes -€450,915
down €450,915 (-86.1%), from €523,480 to €72,565
- Depreciation +€266,290
up €266,290 (+80.5%), from €330,748 to €597,038
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
€1.4m
Turnover
-€1.9m
Other operating income
-€8,603
Goods and materials
+€1.1m
Services and other goods
-€111,081
Staff costs
-€620,403
Depreciation
-€266,290
Write-downs
-€99,750
Other operating charges
+€181,681
Other operating items
-€61,565
Financial income
-€57,358
Financial charges
+€90,242
Taxes
+€450,915
Result 2025
€28,573
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
+€1.2m
Investment
-€893,680
Financing
-€286,269
Cash 2024
€689,871
From operations (derived)
+€1.2m
Net result for the year
+€28,573
Depreciation
+€597,038
Stocks and contracts
-€34,877
Receivables within one year
+€1.0m
Deferred charges and accrued income
-€60,166
Trade debts
-€471,212
Tax, wage and social debts
+€34,810
Advances received
+€110,080
Other debts
-€100,242
Accrued charges and deferred income
+€41,199
Investment (derived)
-€893,680
Investment in fixed assets (net)
-€893,680
Financing
-€286,269
Debts after one year
-€48,263
Current portion of long-term debt
+€44,304
Short-term financial debts
-€282,311
Cash 2025
€690,394
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,804,205 | €11,161,144 | -€643,061 | -5.4% |
| Fixed assets | 21/28 | €2,611,488 | €2,908,130 | +€296,642 | +11.4% |
| Intangible fixed assets | 21 | €865,327 | €1,134,112 | +€268,785 | +31.1% |
| Tangible fixed assets | 22/27 | €1,007,676 | €1,035,668 | +€27,992 | +2.8% |
| Plant, machinery and equipment | 23 | €180,854 | €182,682 | +€1,828 | +1.0% |
| Furniture and vehicles | 24 | €350,652 | €439,063 | +€88,411 | +25.2% |
| Leasing and similar rights | 25 | €415,759 | €352,583 | -€63,175 | -15.2% |
| Other tangible fixed assets | 26 | €60,412 | €61,339 | +€928 | +1.5% |
| Financial fixed assets | 28 | €738,485 | €738,350 | -€135 | 0.0% |
| Affiliated companies | 280/1 | €730,000 | €730,000 | = | 0.0% |
| Amounts receivable | 281 | €730,000 | €730,000 | = | 0.0% |
| Other financial fixed assets | 284/8 | €8,485 | €8,350 | -€135 | -1.6% |
| Amounts receivable and cash guarantees | 285/8 | €8,485 | €8,350 | -€135 | -1.6% |
| Current assets | 29/58 | €9,192,718 | €8,253,014 | -€939,703 | -10.2% |
| Stocks and contracts in progress | 3 | €4,179,832 | €4,214,709 | +€34,877 | +0.8% |
| Stocks | 30/36 | €4,179,832 | €4,214,709 | +€34,877 | +0.8% |
| Raw materials and consumables | 30/31 | €4,179,832 | €4,214,709 | +€34,877 | +0.8% |
| Amounts receivable within one year | 40/41 | €4,276,453 | €3,241,184 | -€1.0m | -24.2% |
| Trade receivables | 40 | €4,195,875 | €3,146,136 | -€1.0m | -25.0% |
| Other amounts receivable | 41 | €80,578 | €95,047 | +€14,469 | +18.0% |
| Cash at bank and in hand | 54/58 | €689,871 | €690,394 | +€523 | +0.1% |
| Deferred charges and accrued income | 490/1 | €46,562 | €106,727 | +€60,166 | +129% |
| Total equity and liabilities | 10/49 | €11,804,205 | €11,161,144 | -€643,061 | -5.4% |
| Equity | 10/15 | €5,010,588 | €5,039,161 | +€28,573 | +0.6% |
| Contributions | 10/11 | €425,000 | €425,000 | = | 0.0% |
| Capital | 10 | €425,000 | €425,000 | = | 0.0% |
| Issued capital | 100 | €425,000 | €425,000 | = | 0.0% |
| Reserves | 13 | €4,585,588 | €4,614,161 | +€28,573 | +0.6% |
| Non-distributable reserves | 130/1 | €42,500 | €42,500 | = | 0.0% |
| Legal reserve | 130 | €42,500 | €42,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €428,343 | €554,643 | +€126,300 | +29.5% |
| Distributable reserves | 133 | €4,114,745 | €4,017,017 | -€97,727 | -2.4% |
| Amounts payable | 17/49 | €6,793,618 | €6,121,983 | -€671,634 | -9.9% |
| Amounts payable after more than one year | 17 | €475,648 | €427,385 | -€48,263 | -10.1% |
| Financial debts | 170/4 | €475,648 | €427,385 | -€48,263 | -10.1% |
| Leasing and similar obligations | 172 | €322,387 | €252,473 | -€69,914 | -21.7% |
| Credit institutions | 173 | €153,261 | €174,912 | +€21,651 | +14.1% |
| Amounts payable within one year | 42/48 | €6,292,461 | €5,627,890 | -€664,570 | -10.6% |
| Current portion of amounts payable after more than one year | 42 | €155,450 | €199,755 | +€44,304 | +28.5% |
| Financial debts | 43 | €2,042,141 | €1,759,830 | -€282,311 | -13.8% |
| Credit institutions | 430/8 | €2,042,141 | €1,759,830 | -€282,311 | -13.8% |
| Trade debts | 44 | €3,151,248 | €2,680,036 | -€471,212 | -15.0% |
| Suppliers | 440/4 | €3,151,248 | €2,680,036 | -€471,212 | -15.0% |
| Advances received on contracts in progress | 46 | €359,610 | €469,690 | +€110,080 | +30.6% |
| Taxes, remuneration and social security | 45 | €483,770 | €518,580 | +€34,810 | +7.2% |
| Taxes | 450/3 | €128,046 | €114,673 | -€13,374 | -10.4% |
| Remuneration and social security | 454/9 | €355,723 | €403,907 | +€48,184 | +13.5% |
| Other amounts payable | 47/48 | €100,242 | €0 | -€100,242 | -100% |
| Accrued charges and deferred income | 492/3 | €25,509 | €66,708 | +€41,199 | +162% |
| Operating income | 70/76A | €25,460,790 | €23,475,737 | -€2.0m | -7.8% |
| Turnover | 70 | €25,328,754 | €23,413,171 | -€1.9m | -7.6% |
| Other operating income | 74 | €71,169 | €62,566 | -€8,603 | -12.1% |
| Non-recurring operating income | 76A | €60,868 | €0 | -€60,868 | -100% |
| Operating charges | 60/66A | €23,338,501 | €23,190,672 | -€147,829 | -0.6% |
| Goods for resale, raw materials and consumables | 60 | €10,867,078 | €9,802,708 | -€1.1m | -9.8% |
| Purchases | 600/8 | €11,210,303 | €9,837,586 | -€1.4m | -12.2% |
| Change in stocks: decrease (increase) | 609 | -€343,225 | -€34,877 | +€308,348 | +89.8% |
| Services and other goods | 61 | €6,453,030 | €6,564,112 | +€111,081 | +1.7% |
| Remuneration, social security and pensions | 62 | €5,527,075 | €6,147,478 | +€620,403 | +11.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €330,748 | €597,038 | +€266,290 | +80.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€110,616 | -€10,866 | +€99,750 | +90.2% |
| Other operating charges | 640/8 | €270,396 | €88,715 | -€181,681 | -67.2% |
| Non-recurring operating charges | 66A | €790 | €1,487 | +€697 | +88.3% |
| Operating profit (loss) | 9901 | €2,122,289 | €285,064 | -€1.8m | -86.6% |
| Financial income | 75/76B | €179,302 | €121,944 | -€57,358 | -32.0% |
| Recurring financial income | 75 | €179,302 | €121,944 | -€57,358 | -32.0% |
| Income from current assets | 751 | €29,382 | €32,731 | +€3,349 | +11.4% |
| Other financial income | 752/9 | €149,920 | €89,214 | -€60,706 | -40.5% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €396,114 | €305,871 | -€90,242 | -22.8% |
| Recurring financial charges | 65 | €396,114 | €305,871 | -€90,242 | -22.8% |
| Debt charges | 650 | €118,822 | €110,489 | -€8,333 | -7.0% |
| Other financial charges | 652/9 | €277,291 | €195,382 | -€81,909 | -29.5% |
| Profit (loss) for the period before taxes | 9903 | €1,905,477 | €101,137 | -€1.8m | -94.7% |
| Income taxes | 67/77 | €523,480 | €72,565 | -€450,915 | -86.1% |
| Taxes | 670/3 | €523,480 | €72,565 | -€450,915 | -86.1% |
| Profit (loss) for the period | 9904 | €1,381,998 | €28,573 | -€1.4m | -97.9% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Transfer to tax-exempt reserves | 689 | €421,000 | €126,300 | -€294,700 | -70.0% |
| Profit (loss) for the period to be appropriated | 9905 | €960,998 | -€97,727 | -€1.1m |
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 14 October 2026 via checked.be.