Technical Touch: 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
Technical Touch
NACE 46.730, Wholesale trade
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.6m
2024 · €1.8m-€197,297
Equity
€4.7m
2024 · €3.1m+€1.6m
Cash
€103,656
2024 · €187,844-€84,189
Balance sheet total
€11.8m
2024 · €8.4m+€3.4m
Largest movements
Assets
- Financial fixed assets +€4.4m
up €4.4m (+43504.7%), from €10,000 to €4.4m
of which Affiliated companies: +€4.4m
- Receivables after one year -€3.9m
down €3.9m (-100.0%), from €3.9m to €0
- Stocks and contracts +€1.5m
up €1.5m (+64.7%), from €2.4m to €3.9m
- Tangible fixed assets +€926,309
up €926,309 (+119.1%), from €777,633 to €1.7m
of which Leasing and similar rights: +€638,640
- Receivables within one year +€588,795
up €588,795 (+57.1%), from €1.0m to €1.6m
of which Trade receivables: +€925,385
Equity and liabilities
- Reserves +€1.6m
up €1.6m (+53.6%), from €3.0m to €4.5m
of which Distributable reserves: +€2.3m
- Debts after one year +€897,918
up €897,918 (+86.5%), from €1.0m to €1.9m
of which Financial debts: +€1.7m
- Advances received +€829,653
up €829,653, from €0 to €829,653
- Other debts -€798,341
down €798,341 (-65.2%), from €1.2m to €426,659
- Trade debts +€575,571
up €575,571 (+45.4%), from €1.3m to €1.8m
Income statement
- Turnover +€2.7m
up €2.7m (+18.6%), from €14.4m to €17.1m
- Goods and materials +€2.6m
up €2.6m (+29.1%), from €8.8m to €11.3m
of which Purchases: +€5.3m
- Taxes +€306,869
up €306,869 (+112.8%), from €272,167 to €579,036
of which Taxes: +€306,869
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
€1.8m
Turnover
+€2.7m
Other operating income
-€30,249
Goods and materials
-€2.6m
Services and other goods
+€12,142
Staff costs
+€9,989
Depreciation
-€72,192
Write-downs
+€100,587
Other operating charges
+€5,239
Other operating items
-€8,929
Financial income
+€102,179
Financial charges
-€143,659
Taxes
-€306,869
Deferred taxes and other
-€376
Result 2025
€1.6m
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
+€4.5m
Investment
-€5.6m
Financing
+€1.0m
Cash 2024
€187,844
From operations (derived)
+€4.5m
Net result for the year
+€1.6m
Depreciation
+€315,417
Receivables after one year
+€3.9m
Stocks and contracts
-€1.5m
Receivables within one year
-€588,795
Smaller working-capital items
+€5,669
Trade debts
+€575,571
Tax, wage and social debts
+€187,657
Advances received
+€829,653
Other debts
-€798,341
Investment (derived)
-€5.6m
Investment in fixed assets (net)
-€5.6m
Financing
+€1.0m
Debts after one year
+€897,918
Current portion of long-term debt
+€446,898
Short-term financial debts
-€300,000
Cash 2025
€103,656
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,353,790 | €11,777,509 | +€3.4m | +41.0% |
| Fixed assets | 21/28 | €901,780 | €6,175,246 | +€5.3m | +584.8% |
| Intangible fixed assets | 21 | €114,146 | €110,837 | -€3,309 | -2.9% |
| Tangible fixed assets | 22/27 | €777,633 | €1,703,942 | +€926,309 | +119.1% |
| Land and buildings | 22 | €322,602 | €239,608 | -€82,994 | -25.7% |
| Plant, machinery and equipment | 23 | €112,703 | €320,036 | +€207,332 | +184.0% |
| Furniture and vehicles | 24 | €116,402 | €155,860 | +€39,458 | +33.9% |
| Leasing and similar rights | 25 | €8,169 | €646,809 | +€638,640 | +7817.4% |
| Assets under construction and advance payments | 27 | €217,756 | €341,629 | +€123,873 | +56.9% |
| Financial fixed assets | 28 | €10,000 | €4,360,467 | +€4.4m | +43504.7% |
| Affiliated companies | 280/1 | - | €4,350,467 | +€4.4m | |
| Amounts receivable | 281 | - | €4,350,467 | +€4.4m | |
| Other financial fixed assets | 284/8 | €10,000 | €10,000 | = | 0.0% |
| Shares | 284 | €10,000 | €10,000 | = | 0.0% |
| Current assets | 29/58 | €7,452,010 | €5,602,262 | -€1.8m | -24.8% |
| Amounts receivable after more than one year | 29 | €3,867,808 | €0 | -€3.9m | -100.0% |
| Other amounts receivable | 291 | €3,867,808 | €0 | -€3.9m | -100.0% |
| Stocks and contracts in progress | 3 | €2,350,889 | €3,871,099 | +€1.5m | +64.7% |
| Stocks | 30/36 | €2,350,889 | €3,871,099 | +€1.5m | +64.7% |
| Goods purchased for resale | 34 | €2,350,889 | €3,871,099 | +€1.5m | +64.7% |
| Amounts receivable within one year | 40/41 | €1,032,014 | €1,620,808 | +€588,795 | +57.1% |
| Trade receivables | 40 | €560,531 | €1,485,916 | +€925,385 | +165.1% |
| Other amounts receivable | 41 | €471,483 | €134,892 | -€336,590 | -71.4% |
| Cash at bank and in hand | 54/58 | €187,844 | €103,656 | -€84,189 | -44.8% |
| Deferred charges and accrued income | 490/1 | €13,455 | €6,700 | -€6,755 | -50.2% |
| Total equity and liabilities | 10/49 | €8,353,790 | €11,777,509 | +€3.4m | +41.0% |
| Equity | 10/15 | €3,112,861 | €4,698,309 | +€1.6m | +50.9% |
| Contributions | 10/11 | €153,794 | €153,794 | = | 0.0% |
| Reserves | 13 | €2,959,067 | €4,544,515 | +€1.6m | +53.6% |
| Tax-exempt reserves | 132 | €1,141,570 | €438,496 | -€703,075 | -61.6% |
| Distributable reserves | 133 | €1,817,496 | €4,106,020 | +€2.3m | +125.9% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €1,086 | €0 | -€1,086 | -100.0% |
| Deferred taxes | 168 | €1,086 | €0 | -€1,086 | -100.0% |
| Amounts payable | 17/49 | €5,239,843 | €7,079,199 | +€1.8m | +35.1% |
| Amounts payable after more than one year | 17 | €1,038,102 | €1,936,020 | +€897,918 | +86.5% |
| Financial debts | 170/4 | €229,187 | €1,936,020 | +€1.7m | +744.7% |
| Leasing and similar obligations | 172 | €1,196 | €511,563 | +€510,367 | +42662.8% |
| Credit institutions | 173 | €227,990 | €1,424,457 | +€1.2m | +524.8% |
| Other amounts payable | 178/9 | €808,916 | €0 | -€808,916 | -100.0% |
| Amounts payable within one year | 42/48 | €4,201,740 | €5,143,179 | +€941,439 | +22.4% |
| Current portion of amounts payable after more than one year | 42 | €110,432 | €557,330 | +€446,898 | +404.7% |
| Financial debts | 43 | €1,500,000 | €1,200,000 | -€300,000 | -20.0% |
| Credit institutions | 430/8 | €1,500,000 | €1,200,000 | -€300,000 | -20.0% |
| Trade debts | 44 | €1,269,000 | €1,844,571 | +€575,571 | +45.4% |
| Suppliers | 440/4 | €1,269,000 | €1,844,571 | +€575,571 | +45.4% |
| Advances received on contracts in progress | 46 | €0 | €829,653 | +€829,653 | |
| Taxes, remuneration and social security | 45 | €97,308 | €284,966 | +€187,657 | +192.8% |
| Taxes | 450/3 | €15 | €183,898 | +€183,884 | +1260339.4% |
| Remuneration and social security | 454/9 | €97,294 | €101,068 | +€3,774 | +3.9% |
| Other amounts payable | 47/48 | €1,225,000 | €426,659 | -€798,341 | -65.2% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Operating income | 70/76A | €14,549,897 | €17,221,015 | +€2.7m | +18.4% |
| Turnover | 70 | €14,435,234 | €17,122,649 | +€2.7m | +18.6% |
| Other operating income | 74 | €105,548 | €75,299 | -€30,249 | -28.7% |
| Non-recurring operating income | 76A | €9,115 | €23,067 | +€13,952 | +153.1% |
| Operating charges | 60/66A | €12,342,526 | €14,862,215 | +€2.5m | +20.4% |
| Goods for resale, raw materials and consumables | 60 | €8,773,361 | €11,325,935 | +€2.6m | +29.1% |
| Purchases | 600/8 | €7,499,402 | €12,846,144 | +€5.3m | +71.3% |
| Change in stocks: decrease (increase) | 609 | €1,273,959 | -€1,520,209 | -€2.8m | |
| Services and other goods | 61 | €2,363,369 | €2,351,227 | -€12,142 | -0.5% |
| Remuneration, social security and pensions | 62 | €889,450 | €879,461 | -€9,989 | -1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €243,226 | €315,417 | +€72,192 | +29.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €37,374 | -€63,213 | -€100,587 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €31,997 | €26,758 | -€5,239 | -16.4% |
| Non-recurring operating charges | 66A | €3,749 | €26,630 | +€22,881 | +610.3% |
| Operating profit (loss) | 9901 | €2,207,371 | €2,358,800 | +€151,428 | +6.9% |
| Financial income | 75/76B | €145,821 | €248,000 | +€102,179 | +70.1% |
| Recurring financial income | 75 | €145,821 | €248,000 | +€102,179 | +70.1% |
| Income from financial fixed assets | 750 | - | €167,999 | +€167,999 | |
| Income from current assets | 751 | €101,747 | €0 | -€101,747 | -100.0% |
| Other financial income | 752/9 | €44,074 | €80,000 | +€35,927 | +81.5% |
| Financial charges | 65/66B | €299,742 | €443,401 | +€143,659 | +47.9% |
| Recurring financial charges | 65 | €299,742 | €443,401 | +€143,659 | +47.9% |
| Debt charges | 650 | €99,490 | €172,459 | +€72,969 | +73.3% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | €0 | - | = | |
| Other financial charges | 652/9 | €200,251 | €270,942 | +€70,690 | +35.3% |
| Profit (loss) for the period before taxes | 9903 | €2,053,450 | €2,163,398 | +€109,948 | +5.4% |
| Transfer from deferred taxes | 780 | €1,462 | €1,086 | -€376 | -25.7% |
| Income taxes | 67/77 | €272,167 | €579,036 | +€306,869 | +112.8% |
| Taxes | 670/3 | €272,167 | €579,036 | +€306,869 | +112.8% |
| Tax adjustments and reversals of tax provisions | 77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €1,782,746 | €1,585,449 | -€197,297 | -11.1% |
| Transfer from tax-exempt reserves | 789 | €204,919 | €703,075 | +€498,156 | +243.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,987,664 | €2,288,523 | +€300,859 | +15.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.