HOMESHOP: 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.
HOMESHOP
Largest movements
- Stocks and contracts +€402,245
up €402,245 (+22.4%), from €1.8m to €2.2m
- Cash -€269,044
down €269,044 (-98.0%), from €274,583 to €5,539
mainly Debts after one year (-€494,801) and Stocks and contracts (-€402,245)
- Deferred charges and accrued income +€39,716
up €39,716 (+47.8%), from €83,053 to €122,769
- Tangible fixed assets -€39,350
down €39,350 (-24.3%), from €161,887 to €122,537
of which Other tangible fixed assets: -€25,517
- Debts after one year -€494,801
down €494,801 (-33.5%), from €1.5m to €982,970
- Short-term financial debts +€243,276
up €243,276 (+57.2%), from €425,000 to €668,276
- Current portion of long-term debt +€232,457
up €232,457 (+88.6%), from €262,344 to €494,801
- Trade debts +€110,849
up €110,849 (+59.9%), from €184,937 to €295,786
- Tax, wage and social debts +€54,561
up €54,561 (+31.2%), from €174,801 to €229,362
of which Taxes: +€53,289
- Write-downs -€85,549
down €85,549 (-100%), from €85,549 to €0
- Gross operating margin -€16,622
down €16,622 (-4.2%), from €398,004 to €381,382
- Staff costs -€15,823
down €15,823 (-6.5%), from €245,256 to €229,433
- Depreciation -€12,047
down €12,047 (-12.7%), from €95,128 to €83,081
- Financial charges +€10,747
up €10,747 (+9.8%), from €110,123 to €120,870
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 | €2,840,764 | €2,929,181 | +€88,417 | +3.1% |
| Fixed assets | 21/28 | €272,599 | €223,953 | -€48,646 | -17.8% |
| Intangible fixed assets | 21 | €110,148 | €101,067 | -€9,081 | -8.2% |
| Tangible fixed assets | 22/27 | €161,887 | €122,537 | -€39,350 | -24.3% |
| Plant, machinery and equipment | 23 | €16,957 | €9,293 | -€7,665 | -45.2% |
| Furniture and vehicles | 24 | €9,114 | €7,477 | -€1,637 | -18.0% |
| Leasing and similar rights | 25 | €4,532 | €0 | -€4,532 | -100% |
| Other tangible fixed assets | 26 | €131,284 | €105,767 | -€25,517 | -19.4% |
| Financial fixed assets | 28 | €565 | €350 | -€215 | -38.1% |
| Current assets | 29/58 | €2,568,164 | €2,705,228 | +€137,063 | +5.3% |
| Amounts receivable after more than one year | 29 | €35,000 | €17,840 | -€17,160 | -49.0% |
| Other amounts receivable | 291 | €35,000 | €17,840 | -€17,160 | -49.0% |
| Stocks and contracts in progress | 3 | €1,795,768 | €2,198,013 | +€402,245 | +22.4% |
| Stocks | 30/36 | €1,795,768 | €2,198,013 | +€402,245 | +22.4% |
| Amounts receivable within one year | 40/41 | €379,760 | €361,067 | -€18,693 | -4.9% |
| Trade receivables | 40 | €376,823 | €334,716 | -€42,107 | -11.2% |
| Other amounts receivable | 41 | €2,937 | €26,351 | +€23,414 | +797% |
| Cash at bank and in hand | 54/58 | €274,583 | €5,539 | -€269,044 | -98.0% |
| Deferred charges and accrued income | 490/1 | €83,053 | €122,769 | +€39,716 | +47.8% |
| Total equity and liabilities | 10/49 | €2,840,764 | €2,929,181 | +€88,417 | +3.1% |
| Equity | 10/15 | €291,030 | €237,025 | -€54,005 | -18.6% |
| Contributions | 10/11 | €118,600 | €118,600 | = | 0.0% |
| Reserves | 13 | €307,378 | €307,378 | = | 0.0% |
| Tax-exempt reserves | 132 | €10,960 | €10,960 | = | 0.0% |
| Distributable reserves | 133 | €296,418 | €296,418 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€134,948 | -€188,953 | -€54,005 | -40.0% |
| Amounts payable | 17/49 | €2,549,734 | €2,692,156 | +€142,422 | +5.6% |
| Amounts payable after more than one year | 17 | €1,477,770 | €982,970 | -€494,801 | -33.5% |
| Financial debts | 170/4 | €1,477,770 | €982,970 | -€494,801 | -33.5% |
| Amounts payable within one year | 42/48 | €1,048,217 | €1,688,225 | +€640,007 | +61.1% |
| Current portion of amounts payable after more than one year | 42 | €262,344 | €494,801 | +€232,457 | +88.6% |
| Financial debts | 43 | €425,000 | €668,276 | +€243,276 | +57.2% |
| Credit institutions | 430/8 | €425,000 | €668,276 | +€243,276 | +57.2% |
| Trade debts | 44 | €184,937 | €295,786 | +€110,849 | +59.9% |
| Suppliers | 440/4 | €184,937 | €295,786 | +€110,849 | +59.9% |
| Taxes, remuneration and social security | 45 | €174,801 | €229,362 | +€54,561 | +31.2% |
| Taxes | 450/3 | €153,047 | €206,336 | +€53,289 | +34.8% |
| Remuneration and social security | 454/9 | €21,755 | €23,026 | +€1,272 | +5.8% |
| Other amounts payable | 47/48 | €1,135 | €0 | -€1,135 | -100% |
| Accrued charges and deferred income | 492/3 | €23,746 | €20,962 | -€2,784 | -11.7% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €245,256 | €229,433 | -€15,823 | -6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €95,128 | €83,081 | -€12,047 | -12.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €85,549 | €0 | -€85,549 | -100% |
| Other operating charges | 640/8 | €6,512 | €5,919 | -€593 | -9.1% |
| Gross operating margin | 9900 | €398,004 | €381,382 | -€16,622 | -4.2% |
| Operating profit (loss) | 9901 | -€34,441 | €62,949 | +€97,390 | |
| Financial income | 75/76B | €10,383 | €5,357 | -€5,027 | -48.4% |
| Recurring financial income | 75 | €10,383 | €5,357 | -€5,027 | -48.4% |
| Financial charges | 65/66B | €110,123 | €120,870 | +€10,747 | +9.8% |
| Recurring financial charges | 65 | €110,123 | €120,870 | +€10,747 | +9.8% |
| Profit (loss) for the period before taxes | 9903 | -€134,181 | -€52,565 | +€81,616 | +60.8% |
| Income taxes | 67/77 | €767 | €1,440 | +€673 | +87.8% |
| Profit (loss) for the period | 9904 | -€134,948 | -€54,005 | +€80,943 | +60.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€134,948 | -€54,005 | +€80,943 | +60.0% |
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 28 October 2026 via checked.be.