B-Retail: 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.
B-Retail
Largest movements
- Financial fixed assets +€500,000
up €500,000 (+1666.7%), from €30,000 to €530,000
- Cash -€56,756
down €56,756 (-84.4%), from €67,220 to €10,464
mainly Investment in fixed assets (net) (-€500,000) and Receivables within one year (-€40,035)
- Receivables within one year +€40,035
up €40,035 (+75.1%), from €53,325 to €93,360
of which Other amounts receivable: +€55,604
- Debts after one year +€352,921
new in 2025: €352,921
of which Financial debts: +€273,731
- Current portion of long-term debt +€62,731
new in 2025: €62,731
- Reserves +€54,643
up €54,643 (+41.6%), from €131,268 to €185,910
- Financial income +€40,347
up €40,347 (+1716.0%), from €2,351 to €42,698
- Financial charges +€9,592
up €9,592 (+300.0%), from €3,198 to €12,790
- Gross operating margin -€9,135
down €9,135 (-21.2%), from €43,062 to €33,927
- Taxes -€2,343
down €2,343 (-28.6%), from €8,198 to €5,854
- Other operating charges -€1,162
down €1,162 (-43.1%), from €2,696 to €1,534
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €160,653 | €641,716 | +€481,063 | +299.4% |
| Fixed assets | 21/28 | €35,759 | €533,955 | +€498,196 | +1393.2% |
| Tangible fixed assets | 22/27 | €5,759 | €3,955 | -€1,804 | -31.3% |
| Furniture and vehicles | 24 | €5,759 | €3,955 | -€1,804 | -31.3% |
| Financial fixed assets | 28 | €30,000 | €530,000 | +€500,000 | +1666.7% |
| Current assets | 29/58 | €124,894 | €107,761 | -€17,132 | -13.7% |
| Amounts receivable within one year | 40/41 | €53,325 | €93,360 | +€40,035 | +75.1% |
| Trade receivables | 40 | €41,321 | €25,752 | -€15,569 | -37.7% |
| Other amounts receivable | 41 | €12,004 | €67,609 | +€55,604 | +463.2% |
| Cash at bank and in hand | 54/58 | €67,220 | €10,464 | -€56,756 | -84.4% |
| Deferred charges and accrued income | 490/1 | €4,348 | €3,936 | -€412 | -9.5% |
| Total equity and liabilities | 10/49 | €160,653 | €641,716 | +€481,063 | +299.4% |
| Equity | 10/15 | €143,668 | €204,510 | +€60,843 | +42.3% |
| Contributions | 10/11 | €12,400 | €18,600 | +€6,200 | +50.0% |
| Reserves | 13 | €131,268 | €185,910 | +€54,643 | +41.6% |
| Distributable reserves | 133 | €131,268 | €185,910 | +€54,643 | +41.6% |
| Amounts payable | 17/49 | €16,985 | €437,206 | +€420,221 | +2474.1% |
| Amounts payable after more than one year | 17 | - | €352,921 | +€352,921 | |
| Financial debts | 170/4 | - | €273,731 | +€273,731 | |
| Other amounts payable | 178/9 | - | €79,191 | +€79,191 | |
| Amounts payable within one year | 42/48 | €16,637 | €82,978 | +€66,341 | +398.8% |
| Current portion of amounts payable after more than one year | 42 | - | €62,731 | +€62,731 | |
| Trade debts | 44 | €9,018 | €9,564 | +€546 | +6.1% |
| Suppliers | 440/4 | €9,018 | €9,564 | +€546 | +6.1% |
| Taxes, remuneration and social security | 45 | €7,619 | €10,683 | +€3,064 | +40.2% |
| Taxes | 450/3 | €7,619 | €7,954 | +€335 | +4.4% |
| Remuneration and social security | 454/9 | - | €2,729 | +€2,729 | |
| Accrued charges and deferred income | 492/3 | €348 | €1,306 | +€958 | +275.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,878 | €1,804 | -€74 | -3.9% |
| Other operating charges | 640/8 | €2,696 | €1,534 | -€1,162 | -43.1% |
| Non-recurring operating charges | 66A | €2,127 | €0 | -€2,127 | -100.0% |
| Gross operating margin | 9900 | €43,062 | €33,927 | -€9,135 | -21.2% |
| Operating profit (loss) | 9901 | €36,361 | €30,589 | -€5,772 | -15.9% |
| Financial income | 75/76B | €2,351 | €42,698 | +€40,347 | +1716.0% |
| Recurring financial income | 75 | €2,351 | €42,698 | +€40,347 | +1716.0% |
| Financial charges | 65/66B | €3,198 | €12,790 | +€9,592 | +300.0% |
| Recurring financial charges | 65 | €3,198 | €12,790 | +€9,592 | +300.0% |
| Profit (loss) for the period before taxes | 9903 | €35,514 | €60,497 | +€24,983 | +70.3% |
| Income taxes | 67/77 | €8,198 | €5,854 | -€2,343 | -28.6% |
| Profit (loss) for the period | 9904 | €27,317 | €54,643 | +€27,326 | +100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €27,317 | €54,643 | +€27,326 | +100.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.