DUFFEL 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.
DUFFEL RETAIL
Largest movements
- Cash -€108,353
down €108,353 (-43.2%), from €251,037 to €142,684
mainly Debts after one year (-€132,881) and Investment in fixed assets (net) (-€61,040)
- Intangible fixed assets -€30,000
down €30,000 (-13.4%), from €223,755 to €193,755
- Tangible fixed assets -€19,040
down €19,040 (-3.9%), from €493,026 to €473,986
of which Other tangible fixed assets: -€36,221
- Receivables within one year +€15,374
up €15,374 (+18.4%), from €83,676 to €99,050
of which Trade receivables: +€10,179
- Debts after one year -€132,881
down €132,881 (-15.0%), from €888,438 to €755,557
of which Trade debts: -€134,499
- Other debts -€32,000
down €32,000 (-100%), from €32,000 to €0
- Reserves +€29,611
up €29,611 (+33.0%), from €89,662 to €119,273
- Trade debts -€12,664
down €12,664 (-15.1%), from €83,945 to €71,281
- Gross operating margin +€52,340
up €52,340 (+14.7%), from €355,552 to €407,892
- Staff costs +€43,031
up €43,031 (+24.7%), from €174,081 to €217,112
- Financial income -€24,785
down €24,785 (-94.1%), from €26,325 to €1,540
- Depreciation +€6,046
up €6,046 (+5.6%), from €108,417 to €114,463
- Taxes +€4,900
new in 2025: €4,900
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,246,367 | €1,106,247 | -€140,120 | -11.2% |
| Formation expenses | 20 | €32,953 | €28,570 | -€4,384 | -13.3% |
| Fixed assets | 21/28 | €716,781 | €667,741 | -€49,040 | -6.8% |
| Intangible fixed assets | 21 | €223,755 | €193,755 | -€30,000 | -13.4% |
| Tangible fixed assets | 22/27 | €493,026 | €473,986 | -€19,040 | -3.9% |
| Plant, machinery and equipment | 23 | €208,401 | €225,583 | +€17,182 | +8.2% |
| Other tangible fixed assets | 26 | €284,625 | €248,403 | -€36,221 | -12.7% |
| Current assets | 29/58 | €496,634 | €409,936 | -€86,697 | -17.5% |
| Stocks and contracts in progress | 3 | €159,900 | €165,206 | +€5,305 | +3.3% |
| Stocks | 30/36 | €159,900 | €165,206 | +€5,305 | +3.3% |
| Amounts receivable within one year | 40/41 | €83,676 | €99,050 | +€15,374 | +18.4% |
| Trade receivables | 40 | €41,288 | €51,466 | +€10,179 | +24.7% |
| Other amounts receivable | 41 | €42,388 | €47,584 | +€5,196 | +12.3% |
| Cash at bank and in hand | 54/58 | €251,037 | €142,684 | -€108,353 | -43.2% |
| Deferred charges and accrued income | 490/1 | €2,021 | €2,997 | +€976 | +48.3% |
| Total equity and liabilities | 10/49 | €1,246,367 | €1,106,247 | -€140,120 | -11.2% |
| Equity | 10/15 | €119,662 | €149,273 | +€29,611 | +24.7% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €89,662 | €119,273 | +€29,611 | +33.0% |
| Distributable reserves | 133 | €89,662 | €119,273 | +€29,611 | +33.0% |
| Amounts payable | 17/49 | €1,126,706 | €956,974 | -€169,732 | -15.1% |
| Amounts payable after more than one year | 17 | €888,438 | €755,557 | -€132,881 | -15.0% |
| Financial debts | 170/4 | €396,786 | €308,405 | -€88,381 | -22.3% |
| Trade debts | 175 | €341,652 | €207,153 | -€134,499 | -39.4% |
| Other amounts payable | 178/9 | €150,000 | €240,000 | +€90,000 | +60.0% |
| Amounts payable within one year | 42/48 | €238,267 | €201,416 | -€36,851 | -15.5% |
| Current portion of amounts payable after more than one year | 42 | €100,830 | €103,381 | +€2,552 | +2.5% |
| Trade debts | 44 | €83,945 | €71,281 | -€12,664 | -15.1% |
| Suppliers | 440/4 | €83,945 | €71,281 | -€12,664 | -15.1% |
| Taxes, remuneration and social security | 45 | €21,492 | €26,754 | +€5,262 | +24.5% |
| Remuneration and social security | 454/9 | €21,492 | €26,754 | +€5,262 | +24.5% |
| Other amounts payable | 47/48 | €32,000 | €0 | -€32,000 | -100% |
| Remuneration, social security and pensions | 62 | €174,081 | €217,112 | +€43,031 | +24.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €108,417 | €114,463 | +€6,046 | +5.6% |
| Other operating charges | 640/8 | €7,364 | €5,770 | -€1,593 | -21.6% |
| Gross operating margin | 9900 | €355,552 | €407,892 | +€52,340 | +14.7% |
| Operating profit (loss) | 9901 | €65,690 | €70,547 | +€4,856 | +7.4% |
| Financial income | 75/76B | €26,325 | €1,540 | -€24,785 | -94.1% |
| Recurring financial income | 75 | €26,325 | €1,540 | -€24,785 | -94.1% |
| Financial charges | 65/66B | €41,811 | €37,575 | -€4,235 | -10.1% |
| Recurring financial charges | 65 | €41,811 | €37,575 | -€4,235 | -10.1% |
| Profit (loss) for the period before taxes | 9903 | €50,205 | €34,512 | -€15,693 | -31.3% |
| Income taxes | 67/77 | - | €4,900 | +€4,900 | |
| Profit (loss) for the period | 9904 | €50,205 | €29,611 | -€20,593 | -41.0% |
| Profit (loss) for the period to be appropriated | 9905 | €50,205 | €29,611 | -€20,593 | -41.0% |
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 19 October 2026 via checked.be.