First Retail International: what changed
First Retail International
Largest movements
- Current investments -€2.9m
no longer reported in 2025 (was €2.9m)
- Cash +€930,064
up €930,064 (+563%), from €165,325 to €1.1m
mainly Current investments (+€2.9m) and Receivables within one year (+€33,852)
- Receivables within one year -€33,852
down €33,852 (-27.5%), from €123,093 to €89,240
of which Other amounts receivable: -€34,056
- Profit (loss) carried forward -€1.9m
down €1.9m (-63.6%), from €3.1m to €1.1m
- Financial income -€1.8m
down €1.8m (-97.4%), from €1.9m to €47,633
of which Non-recurring financial income: -€1.6m
- Services and other goods -€460,699
no longer reported in 2025 (was €460,699)
- Gross operating margin -€274,770
new in 2025: -€274,770
- Other operating charges +€37,774
up €37,774 (+2,418%), from €1,562 to €39,336
- Taxes -€19,436
new in 2025: -€19,436
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,140,850 | €1,195,555 | -€1.9m | -61.9% |
| Current assets | 29/58 | €3,140,850 | €1,195,555 | -€1.9m | -61.9% |
| Amounts receivable within one year | 40/41 | €123,093 | €89,240 | -€33,852 | -27.5% |
| Trade receivables | 40 | - | €204 | +€204 | |
| Other amounts receivable | 41 | €123,093 | €89,037 | -€34,056 | -27.7% |
| Current investments | 50/53 | €2,850,000 | - | -€2.9m | |
| Other investments | 51/53 | €2,850,000 | - | -€2.9m | |
| Cash at bank and in hand | 54/58 | €165,325 | €1,095,389 | +€930,064 | +563% |
| Deferred charges and accrued income | 490/1 | €2,432 | €10,925 | +€8,493 | +349% |
| Total equity and liabilities | 10/49 | €3,140,850 | €1,195,555 | -€1.9m | -61.9% |
| Equity | 10/15 | €3,128,489 | €1,181,165 | -€1.9m | -62.2% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €6,150 | €6,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,060,839 | €1,113,515 | -€1.9m | -63.6% |
| Amounts payable | 17/49 | €12,361 | €14,390 | +€2,029 | +16.4% |
| Amounts payable within one year | 42/48 | €12,305 | €14,389 | +€2,083 | +16.9% |
| Trade debts | 44 | €12,305 | €14,389 | +€2,083 | +16.9% |
| Suppliers | 440/4 | €12,305 | €14,389 | +€2,083 | +16.9% |
| Accrued charges and deferred income | 492/3 | €55 | €1 | -€54 | -97.9% |
| Operating charges | 60/66A | €462,261 | - | -€462,261 | |
| Services and other goods | 61 | €460,699 | - | -€460,699 | |
| Other operating charges | 640/8 | €1,562 | €39,336 | +€37,774 | +2,418% |
| Gross operating margin | 9900 | - | -€274,770 | -€274,770 | |
| Operating profit (loss) | 9901 | -€462,261 | -€314,106 | +€148,155 | +32.1% |
| Financial income | 75/76B | €1,860,314 | €47,633 | -€1.8m | -97.4% |
| Recurring financial income | 75 | €226,883 | €47,633 | -€179,249 | -79.0% |
| Income from current assets | 751 | €224,905 | - | -€224,905 | |
| Other financial income | 752/9 | €1,978 | - | -€1,978 | |
| Non-recurring financial income | 76B | €1,633,432 | - | -€1.6m | |
| Financial charges | 65/66B | €4,043 | €1,280 | -€2,763 | -68.3% |
| Recurring financial charges | 65 | €4,043 | €1,280 | -€2,763 | -68.3% |
| Other financial charges | 652/9 | €4,043 | - | -€4,043 | |
| Profit (loss) for the period before taxes | 9903 | €1,394,010 | -€267,753 | -€1.7m | |
| Income taxes | 67/77 | - | -€19,436 | -€19,436 | |
| Profit (loss) for the period | 9904 | €1,394,010 | -€248,316 | -€1.6m | |
| Profit (loss) for the period to be appropriated | 9905 | €1,394,010 | -€248,316 | -€1.6m |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.