GLOBE 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.
GLOBE RETAIL
Largest movements
- Cash -€114,945
down €114,945 (-61.7%), from €186,374 to €71,429
mainly Net result for the year (-€78,905) and Trade debts (-€46,604)
- Tangible fixed assets -€74,177
down €74,177 (-43.2%), from €171,649 to €97,472
of which Plant, machinery and equipment: -€58,388
- Receivables within one year +€30,403
up €30,403 (+6.9%), from €443,410 to €473,813
of which Other amounts receivable: +€31,456
- Stocks and contracts +€16,583
up €16,583 (+5.2%), from €315,966 to €332,549
- Reserves -€78,905
down €78,905 (-22.8%), from €345,456 to €266,551
of which Distributable reserves: -€78,905
- Trade debts -€46,604
down €46,604 (-7.3%), from €642,546 to €595,942
- Tax, wage and social debts -€33,393
down €33,393 (-41.7%), from €80,163 to €46,771
of which Taxes: -€25,435
- Gross operating margin -€213,522
down €213,522 (-38.3%), from €556,915 to €343,393
- Taxes -€31,173
down €31,173, from €31,017 to -€156
- Other operating charges +€13,851
up €13,851 (+164%), from €8,441 to €22,292
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 | €1,273,728 | €1,112,045 | -€161,683 | -12.7% |
| Fixed assets | 21/28 | €171,649 | €97,472 | -€74,177 | -43.2% |
| Tangible fixed assets | 22/27 | €171,649 | €97,472 | -€74,177 | -43.2% |
| Plant, machinery and equipment | 23 | €126,372 | €67,983 | -€58,388 | -46.2% |
| Furniture and vehicles | 24 | €9,997 | €10,739 | +€742 | +7.4% |
| Other tangible fixed assets | 26 | €35,280 | €18,750 | -€16,531 | -46.9% |
| Current assets | 29/58 | €1,102,079 | €1,014,573 | -€87,506 | -7.9% |
| Amounts receivable after more than one year | 29 | €105,417 | €93,417 | -€12,000 | -11.4% |
| Trade receivables | 290 | €105,417 | €93,417 | -€12,000 | -11.4% |
| Stocks and contracts in progress | 3 | €315,966 | €332,549 | +€16,583 | +5.2% |
| Stocks | 30/36 | €315,966 | €332,549 | +€16,583 | +5.2% |
| Amounts receivable within one year | 40/41 | €443,410 | €473,813 | +€30,403 | +6.9% |
| Trade receivables | 40 | €90,915 | €89,861 | -€1,053 | -1.2% |
| Other amounts receivable | 41 | €352,495 | €383,952 | +€31,456 | +8.9% |
| Cash at bank and in hand | 54/58 | €186,374 | €71,429 | -€114,945 | -61.7% |
| Deferred charges and accrued income | 490/1 | €50,912 | €43,366 | -€7,547 | -14.8% |
| Total equity and liabilities | 10/49 | €1,273,728 | €1,112,045 | -€161,683 | -12.7% |
| Equity | 10/15 | €551,019 | €469,332 | -€81,686 | -14.8% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €345,456 | €266,551 | -€78,905 | -22.8% |
| Non-distributable reserves | 130/1 | €15,165 | €15,165 | = | 0.0% |
| Reserves not available under the articles | 1311 | €15,165 | €15,165 | = | 0.0% |
| Distributable reserves | 133 | €330,291 | €251,386 | -€78,905 | -23.9% |
| Investment grants | 15 | €5,563 | €2,781 | -€2,781 | -50.0% |
| Amounts payable | 17/49 | €722,709 | €642,713 | -€79,996 | -11.1% |
| Amounts payable within one year | 42/48 | €722,709 | €642,713 | -€79,996 | -11.1% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €642,546 | €595,942 | -€46,604 | -7.3% |
| Suppliers | 440/4 | €642,546 | €595,942 | -€46,604 | -7.3% |
| Taxes, remuneration and social security | 45 | €80,163 | €46,771 | -€33,393 | -41.7% |
| Taxes | 450/3 | €36,049 | €10,614 | -€25,435 | -70.6% |
| Remuneration and social security | 454/9 | €44,114 | €36,156 | -€7,958 | -18.0% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €321,381 | €320,560 | -€821 | -0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77,163 | €78,027 | +€864 | +1.1% |
| Other operating charges | 640/8 | €8,441 | €22,292 | +€13,851 | +164% |
| Gross operating margin | 9900 | €556,915 | €343,393 | -€213,522 | -38.3% |
| Operating profit (loss) | 9901 | €149,930 | -€77,486 | -€227,416 | |
| Financial income | 75/76B | €20,664 | €19,987 | -€677 | -3.3% |
| Recurring financial income | 75 | €20,664 | €19,987 | -€677 | -3.3% |
| Financial charges | 65/66B | €24,690 | €21,562 | -€3,128 | -12.7% |
| Recurring financial charges | 65 | €24,690 | €21,562 | -€3,128 | -12.7% |
| Profit (loss) for the period before taxes | 9903 | €145,904 | -€79,061 | -€224,965 | |
| Income taxes | 67/77 | €31,017 | -€156 | -€31,173 | |
| Profit (loss) for the period | 9904 | €114,887 | -€78,905 | -€193,792 | |
| Profit (loss) for the period to be appropriated | 9905 | €114,887 | -€78,905 | -€193,792 |
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 18 October 2026 via checked.be.