F-LDS-SHOPPING: 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.
F-LDS-SHOPPING
Largest movements
- Receivables after one year +€650,000
new in 2026: €650,000
- Current investments +€648,636
new in 2026: €648,636
- Receivables within one year +€226,358
up €226,358 (+211%), from €107,096 to €333,454
of which Trade receivables: +€235,820
- Cash -€210,096
down €210,096 (-17.2%), from €1.2m to €1.0m
mainly Receivables after one year (-€650,000) and Current investments (-€648,636)
- Tangible fixed assets -€176,574
down €176,574 (-10.5%), from €1.7m to €1.5m
of which Plant, machinery and equipment: -€136,416
- Trade debts +€471,693
up €471,693 (+37.6%), from €1.3m to €1.7m
- Other debts +€412,140
up €412,140 (+220%), from €186,916 to €599,056
- Reserves +€330,000
up €330,000 (+3,300%), from €10,000 to €340,000
of which Distributable reserves: +€300,000
- Debts after one year -€231,500
down €231,500 (-13.5%), from €1.7m to €1.5m
- Accrued charges and deferred income +€111,625
up €111,625 (+885%), from €12,611 to €124,235
- Gross operating margin +€526,660
up €526,660 (+50.1%), from €1.1m to €1.6m
- Taxes +€70,599
new in 2026: €70,599
- Staff costs -€68,250
down €68,250 (-10.8%), from €630,089 to €561,839
- Financial charges -€50,125
down €50,125 (-34.8%), from €143,879 to €93,753
- Depreciation -€38,319
down €38,319 (-16.6%), from €231,340 to €193,021
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,799,382 | €4,949,835 | +€1.2m | +30.3% |
| Fixed assets | 21/28 | €1,673,801 | €1,497,226 | -€176,574 | -10.5% |
| Tangible fixed assets | 22/27 | €1,673,801 | €1,497,226 | -€176,574 | -10.5% |
| Plant, machinery and equipment | 23 | €1,289,007 | €1,152,592 | -€136,416 | -10.6% |
| Furniture and vehicles | 24 | €11,100 | €11,586 | +€486 | +4.4% |
| Other tangible fixed assets | 26 | €373,694 | €333,049 | -€40,645 | -10.9% |
| Current assets | 29/58 | €2,125,581 | €3,452,608 | +€1.3m | +62.4% |
| Amounts receivable after more than one year | 29 | - | €650,000 | +€650,000 | |
| Trade receivables | 290 | - | €650,000 | +€650,000 | |
| Stocks and contracts in progress | 3 | €640,714 | €550,197 | -€90,517 | -14.1% |
| Stocks | 30/36 | €640,714 | €550,197 | -€90,517 | -14.1% |
| Amounts receivable within one year | 40/41 | €107,096 | €333,454 | +€226,358 | +211% |
| Trade receivables | 40 | €70,241 | €306,061 | +€235,820 | +336% |
| Other amounts receivable | 41 | €36,856 | €27,393 | -€9,462 | -25.7% |
| Current investments | 50/53 | - | €648,636 | +€648,636 | |
| Cash at bank and in hand | 54/58 | €1,223,126 | €1,013,030 | -€210,096 | -17.2% |
| Deferred charges and accrued income | 490/1 | €154,646 | €257,292 | +€102,646 | +66.4% |
| Total equity and liabilities | 10/49 | €3,799,382 | €4,949,835 | +€1.2m | +30.3% |
| Equity | 10/15 | €305,918 | €615,032 | +€309,113 | +101% |
| Contributions | 10/11 | €261,500 | €261,500 | = | 0.0% |
| Capital | 10 | €261,500 | €261,500 | = | 0.0% |
| Issued capital | 100 | €400,000 | €400,000 | = | 0.0% |
| Uncalled capital | 101 | €138,500 | €138,500 | = | 0.0% |
| Reserves | 13 | €10,000 | €340,000 | +€330,000 | +3,300% |
| Non-distributable reserves | 130/1 | €10,000 | €40,000 | +€30,000 | +300% |
| Legal reserve | 130 | €10,000 | €40,000 | +€30,000 | +300% |
| Distributable reserves | 133 | - | €300,000 | +€300,000 | |
| Profit (loss) carried forward | 14 | €34,418 | €13,532 | -€20,887 | -60.7% |
| Amounts payable | 17/49 | €3,493,464 | €4,334,803 | +€841,339 | +24.1% |
| Amounts payable after more than one year | 17 | €1,721,078 | €1,489,577 | -€231,500 | -13.5% |
| Financial debts | 170/4 | €1,721,078 | €1,489,577 | -€231,500 | -13.5% |
| Amounts payable within one year | 42/48 | €1,759,775 | €2,720,990 | +€961,215 | +54.6% |
| Current portion of amounts payable after more than one year | 42 | €224,142 | €231,500 | +€7,359 | +3.3% |
| Trade debts | 44 | €1,256,041 | €1,727,734 | +€471,693 | +37.6% |
| Suppliers | 440/4 | €1,256,041 | €1,727,734 | +€471,693 | +37.6% |
| Taxes, remuneration and social security | 45 | €92,677 | €162,701 | +€70,024 | +75.6% |
| Taxes | 450/3 | €3,328 | €70,293 | +€66,965 | +2,012% |
| Remuneration and social security | 454/9 | €89,349 | €92,407 | +€3,058 | +3.4% |
| Other amounts payable | 47/48 | €186,916 | €599,056 | +€412,140 | +220% |
| Accrued charges and deferred income | 492/3 | €12,611 | €124,235 | +€111,625 | +885% |
| Remuneration, social security and pensions | 62 | €630,089 | €561,839 | -€68,250 | -10.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €231,340 | €193,021 | -€38,319 | -16.6% |
| Other operating charges | 640/8 | €2,526 | €12,333 | +€9,807 | +388% |
| Gross operating margin | 9900 | €1,052,178 | €1,578,838 | +€526,660 | +50.1% |
| Operating profit (loss) | 9901 | €188,223 | €811,645 | +€623,422 | +331% |
| Financial income | 75/76B | €74 | €11,820 | +€11,746 | +15,828% |
| Recurring financial income | 75 | €74 | €11,820 | +€11,746 | +15,828% |
| Financial charges | 65/66B | €143,879 | €93,753 | -€50,125 | -34.8% |
| Recurring financial charges | 65 | €143,879 | €93,753 | -€50,125 | -34.8% |
| Profit (loss) for the period before taxes | 9903 | €44,418 | €729,712 | +€685,293 | +1,543% |
| Income taxes | 67/77 | - | €70,599 | +€70,599 | |
| Profit (loss) for the period | 9904 | €44,418 | €659,113 | +€614,695 | +1,384% |
| Profit (loss) for the period to be appropriated | 9905 | €44,418 | €659,113 | +€614,695 | +1,384% |
Source: filed annual accounts (NBB), financial years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.