WITRADE: 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
WITRADE
NACE 46.160, Agents in the wholesale of textiles, clothing, fur, footwear and leather goods
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€426,873
2024 · €644,418-€217,545
Equity
€4.3m
2024 · €5.2m-€884,183
Cash
€344,490
2024 · €82,837+€261,653
Balance sheet total
€8.0m
2024 · €10.0m-€1.9m
Largest movements
Assets
- Stocks and contracts -€1.5m
down €1.5m (-27.0%), from €5.6m to €4.1m
- Receivables within one year -€657,029
down €657,029 (-16.3%), from €4.0m to €3.4m
of which Trade receivables: -€648,399
- Cash +€261,653
up €261,653 (+315.9%), from €82,837 to €344,490
mainly Stocks and contracts (+€1.5m) and Debts after one year (+€732,860)
Equity and liabilities
- Trade debts -€2.1m
down €2.1m (-51.0%), from €4.1m to €2.0m
- Profit (loss) carried forward -€884,183
down €884,183 (-20.8%), from €4.2m to €3.4m
- Debts after one year +€732,860
new in 2025: €732,860
- Current portion of long-term debt +€189,886
new in 2025: €189,886
- Short-term financial debts +€182,808
up €182,808 (+172.7%), from €105,850 to €288,658
Income statement
- Turnover -€2.7m
down €2.7m (-14.5%), from €18.4m to €15.8m
- Goods and materials -€2.3m
down €2.3m (-15.2%), from €15.1m to €12.8m
of which Purchases: -€4.6m
- Financial income +€185,435
up €185,435 (+82.0%), from €226,203 to €411,638
of which Financial income: +€406,819
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
€644,418
Turnover
-€2.7m
Other operating income
+€4,527
Goods and materials
+€2.3m
Services and other goods
+€10,952
Staff costs
-€5,540
Depreciation
-€12,248
Write-downs
+€32,927
Other operating charges
+€1,907
Financial income
+€185,435
Financial charges
-€145,865
Taxes
+€79,409
Result 2025
€426,873
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
+€471,709
Investment
-€4,555
Financing
-€205,501
Cash 2024
€82,837
From operations (derived)
+€471,709
Net result for the year
+€426,873
Depreciation
+€26,700
Receivables after one year
+€5,448
Stocks and contracts
+€1.5m
Receivables within one year
+€657,029
Trade debts
-€2.1m
Tax, wage and social debts
+€5,040
Other debts
-€54,323
Accrued charges and deferred income
-€45,350
Investment (derived)
-€4,555
Investment in fixed assets (net)
-€4,555
Financing
-€205,501
Debts after one year
+€732,860
Current portion of long-term debt
+€189,886
Short-term financial debts
+€182,808
Contributions, distributions and other
-€1.3m
Cash 2025
€344,490
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,980,360 | €8,033,009 | -€1.9m | -19.5% |
| Fixed assets | 21/28 | €187,267 | €165,122 | -€22,145 | -11.8% |
| Tangible fixed assets | 22/27 | €187,012 | €164,867 | -€22,145 | -11.8% |
| Furniture and vehicles | 24 | €38,819 | €32,213 | -€6,606 | -17.0% |
| Other tangible fixed assets | 26 | €148,193 | €132,654 | -€15,539 | -10.5% |
| Financial fixed assets | 28 | €255 | €255 | = | 0.0% |
| Other financial fixed assets | 284/8 | €255 | €255 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €255 | €255 | = | 0.0% |
| Current assets | 29/58 | €9,793,093 | €7,867,887 | -€1.9m | -19.7% |
| Amounts receivable after more than one year | 29 | €29,768 | €24,320 | -€5,448 | -18.3% |
| Other amounts receivable | 291 | €29,768 | €24,320 | -€5,448 | -18.3% |
| Stocks and contracts in progress | 3 | €5,640,887 | €4,116,504 | -€1.5m | -27.0% |
| Stocks | 30/36 | €5,640,887 | €4,116,504 | -€1.5m | -27.0% |
| Goods purchased for resale | 34 | €5,640,887 | €4,116,504 | -€1.5m | -27.0% |
| Amounts receivable within one year | 40/41 | €4,039,601 | €3,382,572 | -€657,029 | -16.3% |
| Trade receivables | 40 | €3,912,407 | €3,264,008 | -€648,399 | -16.6% |
| Other amounts receivable | 41 | €127,194 | €118,564 | -€8,630 | -6.8% |
| Cash at bank and in hand | 54/58 | €82,837 | €344,490 | +€261,653 | +315.9% |
| Total equity and liabilities | 10/49 | €9,980,360 | €8,033,009 | -€1.9m | -19.5% |
| Equity | 10/15 | €5,179,916 | €4,295,733 | -€884,183 | -17.1% |
| Contributions | 10/11 | €850,000 | €850,000 | = | 0.0% |
| Capital | 10 | €850,000 | €850,000 | = | 0.0% |
| Issued capital | 100 | €850,000 | €850,000 | = | 0.0% |
| Reserves | 13 | €85,000 | €85,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €85,000 | €85,000 | = | 0.0% |
| Legal reserve | 130 | €85,000 | €85,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,244,916 | €3,360,733 | -€884,183 | -20.8% |
| Amounts payable | 17/49 | €4,800,444 | €3,737,276 | -€1.1m | -22.1% |
| Amounts payable after more than one year | 17 | - | €732,860 | +€732,860 | |
| Financial debts | 170/4 | - | €732,860 | +€732,860 | |
| Credit institutions | 173 | - | €732,860 | +€732,860 | |
| Amounts payable within one year | 42/48 | €4,563,167 | €2,812,488 | -€1.8m | -38.4% |
| Current portion of amounts payable after more than one year | 42 | - | €189,886 | +€189,886 | |
| Financial debts | 43 | €105,850 | €288,658 | +€182,808 | +172.7% |
| Credit institutions | 430/8 | €105,850 | €288,658 | +€182,808 | +172.7% |
| Trade debts | 44 | €4,068,141 | €1,994,050 | -€2.1m | -51.0% |
| Suppliers | 440/4 | €4,068,141 | €1,994,050 | -€2.1m | -51.0% |
| Taxes, remuneration and social security | 45 | €54,600 | €59,640 | +€5,040 | +9.2% |
| Taxes | 450/3 | €3,114 | €3,662 | +€548 | +17.6% |
| Remuneration and social security | 454/9 | €51,486 | €55,978 | +€4,492 | +8.7% |
| Other amounts payable | 47/48 | €334,576 | €280,253 | -€54,323 | -16.2% |
| Accrued charges and deferred income | 492/3 | €237,277 | €191,927 | -€45,350 | -19.1% |
| Operating income | 70/76A | €18,440,488 | €15,769,081 | -€2.7m | -14.5% |
| Turnover | 70 | €18,426,649 | €15,750,715 | -€2.7m | -14.5% |
| Other operating income | 74 | €13,839 | €18,366 | +€4,527 | +32.7% |
| Operating charges | 60/66A | €17,398,790 | €15,063,908 | -€2.3m | -13.4% |
| Goods for resale, raw materials and consumables | 60 | €15,139,578 | €12,832,693 | -€2.3m | -15.2% |
| Purchases | 600/8 | €15,925,195 | €11,326,407 | -€4.6m | -28.9% |
| Change in stocks: decrease (increase) | 609 | -€785,617 | €1,506,286 | +€2.3m | |
| Services and other goods | 61 | €1,812,455 | €1,801,503 | -€10,952 | -0.6% |
| Remuneration, social security and pensions | 62 | €386,310 | €391,850 | +€5,540 | +1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,452 | €26,700 | +€12,248 | +84.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €31,243 | -€1,684 | -€32,927 | |
| Other operating charges | 640/8 | €14,752 | €12,845 | -€1,907 | -12.9% |
| Operating profit (loss) | 9901 | €1,041,698 | €705,173 | -€336,525 | -32.3% |
| Financial income | 75/76B | €226,203 | €411,638 | +€185,435 | +82.0% |
| Recurring financial income | 75 | €4,819 | €411,638 | +€406,819 | +8442.0% |
| Income from financial fixed assets | 750 | €4,819 | - | -€4,819 | |
| Other financial income | 752/9 | - | €411,638 | +€411,638 | |
| Non-recurring financial income | 76B | €221,384 | - | -€221,384 | |
| Financial charges | 65/66B | €465,948 | €611,813 | +€145,865 | +31.3% |
| Recurring financial charges | 65 | €465,948 | €611,813 | +€145,865 | +31.3% |
| Debt charges | 650 | €51,291 | €71,751 | +€20,460 | +39.9% |
| Other financial charges | 652/9 | €414,657 | €540,062 | +€125,405 | +30.2% |
| Profit (loss) for the period before taxes | 9903 | €801,953 | €504,999 | -€296,954 | -37.0% |
| Income taxes | 67/77 | €157,535 | €78,126 | -€79,409 | -50.4% |
| Taxes | 670/3 | €157,535 | €78,126 | -€79,409 | -50.4% |
| Profit (loss) for the period | 9904 | €644,418 | €426,873 | -€217,545 | -33.8% |
| Profit (loss) for the period to be appropriated | 9905 | €644,418 | €426,873 | -€217,545 | -33.8% |
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 7 October 2026 via checked.be.