TB: 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
TB
NACE 47.811, Retail sale of cars and light vans (up to 3.5 tonnes)
fiscal year 2024 against 2025not consecutivefiled annual accounts (NBB)
Net result for the year
-€1.3m
2024 · €271,370-€1.6m
Equity
€644,418
2024 · €1.9m-€1.3m
Cash
€152,498
2024 · €793,910-€641,412
Balance sheet total
€5.7m
2024 · €9.9m-€4.2m
Largest movements
Assets
- Receivables within one year -€3.1m
down €3.1m (-80.5%), from €3.8m to €746,410
of which Trade receivables: -€3.0m
- Cash -€641,412
down €641,412 (-80.8%), from €793,910 to €152,498
- Stocks and contracts -€248,335
down €248,335 (-5.0%), from €5.0m to €4.7m
- Deferred charges and accrued income -€209,916
down €209,916 (-82.5%), from €254,489 to €44,573
Equity and liabilities
- Trade debts -€3.4m
down €3.4m (-54.8%), from €6.2m to €2.8m
- Short-term financial debts +€2.0m
new in 2025: €2.0m
- Other debts -€1.5m
no longer reported in 2025 (was €1.5m)
- Reserves -€1.3m
down €1.3m (-88.3%), from €1.5m to €173,418
of which Distributable reserves: -€1.3m
Income statement
- Goods and materials -€3.2m
down €3.2m (-13.6%), from €23.4m to €20.2m
of which Purchases: -€2.4m
- Turnover -€2.5m
down €2.5m (-9.7%), from €26.0m to €23.5m
- Services and other goods +€1.6m
up €1.6m (+133.6%), from €1.2m to €2.7m
- Staff costs +€801,444
up €801,444 (+83.2%), from €963,740 to €1.8m
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
€271,370
Turnover
-€2.5m
Other operating income
+€189,205
Goods and materials
+€3.2m
Services and other goods
-€1.6m
Staff costs
-€801,444
Depreciation
+€45,629
Write-downs
-€190,839
Other operating charges
-€20,514
Other operating items
+€16,482
Financial income
-€23,430
Financial charges
+€23,030
Taxes
+€102,840
Result 2025
-€1.3m
Cash bridge derived
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,923,060 | €5,681,611 | -€4.2m | -42.7% |
| Fixed assets | 21/28 | €71,007 | €6,646 | -€64,361 | -90.6% |
| Intangible fixed assets | 21 | €23,333 | €0 | -€23,333 | -100.0% |
| Tangible fixed assets | 22/27 | €44,224 | €3,196 | -€41,028 | -92.8% |
| Plant, machinery and equipment | 23 | €698 | €1,347 | +€649 | +93.1% |
| Furniture and vehicles | 24 | €41,088 | €1,849 | -€39,239 | -95.5% |
| Other tangible fixed assets | 26 | €2,438 | €0 | -€2,438 | -100.0% |
| Financial fixed assets | 28 | €3,450 | €3,450 | = | 0.0% |
| Other financial fixed assets | 284/8 | €3,450 | €3,450 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €3,450 | €3,450 | = | 0.0% |
| Current assets | 29/58 | €9,852,053 | €5,674,966 | -€4.2m | -42.4% |
| Stocks and contracts in progress | 3 | €4,979,820 | €4,731,484 | -€248,335 | -5.0% |
| Stocks | 30/36 | €4,979,820 | €4,731,484 | -€248,335 | -5.0% |
| Goods purchased for resale | 34 | €4,979,820 | €4,731,484 | -€248,335 | -5.0% |
| Amounts receivable within one year | 40/41 | €3,823,834 | €746,410 | -€3.1m | -80.5% |
| Trade receivables | 40 | €3,707,899 | €697,433 | -€3.0m | -81.2% |
| Other amounts receivable | 41 | €115,935 | €48,977 | -€66,958 | -57.8% |
| Cash at bank and in hand | 54/58 | €793,910 | €152,498 | -€641,412 | -80.8% |
| Deferred charges and accrued income | 490/1 | €254,489 | €44,573 | -€209,916 | -82.5% |
| Total equity and liabilities | 10/49 | €9,923,060 | €5,681,611 | -€4.2m | -42.7% |
| Equity | 10/15 | €1,947,131 | €644,418 | -€1.3m | -66.9% |
| Contributions | 10/11 | €471,000 | €471,000 | = | 0.0% |
| Capital | 10 | €471,000 | €471,000 | = | 0.0% |
| Issued capital | 100 | €471,000 | €471,000 | = | 0.0% |
| Reserves | 13 | €1,476,131 | €173,418 | -€1.3m | -88.3% |
| Non-distributable reserves | 130/1 | €47,100 | €47,100 | = | 0.0% |
| Legal reserve | 130 | €47,100 | €47,100 | = | 0.0% |
| Distributable reserves | 133 | €1,429,031 | €126,318 | -€1.3m | -91.2% |
| Provisions and deferred taxes | 16 | €7,000 | €8,200 | +€1,200 | +17.1% |
| Provisions for liabilities and charges | 160/5 | €7,000 | €8,200 | +€1,200 | +17.1% |
| Other liabilities and charges | 164/5 | €7,000 | €8,200 | +€1,200 | +17.1% |
| Amounts payable | 17/49 | €7,968,929 | €5,028,993 | -€2.9m | -36.9% |
| Amounts payable within one year | 42/48 | €7,876,480 | €4,949,098 | -€2.9m | -37.2% |
| Financial debts | 43 | - | €2,000,000 | +€2.0m | |
| Credit institutions | 430/8 | - | €2,000,000 | +€2.0m | |
| Trade debts | 44 | €6,225,827 | €2,815,014 | -€3.4m | -54.8% |
| Suppliers | 440/4 | €6,225,827 | €2,815,014 | -€3.4m | -54.8% |
| Taxes, remuneration and social security | 45 | €150,654 | €134,084 | -€16,569 | -11.0% |
| Taxes | 450/3 | €11,888 | €25,826 | +€13,937 | +117.2% |
| Remuneration and social security | 454/9 | €138,765 | €108,258 | -€30,507 | -22.0% |
| Other amounts payable | 47/48 | €1,500,000 | - | -€1.5m | |
| Accrued charges and deferred income | 492/3 | €92,448 | €79,895 | -€12,553 | -13.6% |
| Operating income | 70/76A | €26,363,937 | €23,996,978 | -€2.4m | -9.0% |
| Turnover | 70 | €26,045,642 | €23,531,230 | -€2.5m | -9.7% |
| Other operating income | 74 | €276,417 | €465,622 | +€189,205 | +68.4% |
| Non-recurring operating income | 76A | €41,878 | €126 | -€41,752 | -99.7% |
| Operating charges | 60/66A | €25,654,642 | €24,964,206 | -€690,436 | -2.7% |
| Goods for resale, raw materials and consumables | 60 | €23,364,623 | €20,194,152 | -€3.2m | -13.6% |
| Purchases | 600/8 | €22,477,339 | €20,098,441 | -€2.4m | -10.6% |
| Change in stocks: decrease (increase) | 609 | €887,284 | €95,711 | -€791,573 | -89.2% |
| Services and other goods | 61 | €1,175,642 | €2,746,744 | +€1.6m | +133.6% |
| Remuneration, social security and pensions | 62 | €963,740 | €1,765,183 | +€801,444 | +83.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,069 | €30,440 | -€45,629 | -60.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€35,983 | €154,856 | +€190,839 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €1,200 | €1,200 | = | 0.0% |
| Other operating charges | 640/8 | €51,117 | €71,631 | +€20,514 | +40.1% |
| Non-recurring operating charges | 66A | €58,234 | - | -€58,234 | |
| Operating profit (loss) | 9901 | €709,295 | -€967,228 | -€1.7m | |
| Financial income | 75/76B | €23,743 | €313 | -€23,430 | -98.7% |
| Recurring financial income | 75 | €23,743 | €313 | -€23,430 | -98.7% |
| Income from current assets | 751 | €23,438 | - | -€23,438 | |
| Other financial income | 752/9 | €306 | €313 | +€8 | +2.6% |
| Financial charges | 65/66B | €358,829 | €335,799 | -€23,030 | -6.4% |
| Recurring financial charges | 65 | €358,829 | €330,920 | -€27,908 | -7.8% |
| Debt charges | 650 | €357,449 | €320,818 | -€36,631 | -10.2% |
| Other financial charges | 652/9 | €1,379 | €10,102 | +€8,723 | +632.4% |
| Non-recurring financial charges | 66B | - | €4,878 | +€4,878 | |
| Profit (loss) for the period before taxes | 9903 | €374,210 | -€1,302,713 | -€1.7m | |
| Income taxes | 67/77 | €102,840 | - | -€102,840 | |
| Taxes | 670/3 | €102,840 | - | -€102,840 | |
| Profit (loss) for the period | 9904 | €271,370 | -€1,302,713 | -€1.6m | |
| Profit (loss) for the period to be appropriated | 9905 | €271,370 | -€1,302,713 | -€1.6m |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.