HR@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.
HR@Retail
Largest movements
- Receivables within one year -€24,768
down €24,768 (-47.0%), from €52,754 to €27,985
of which Trade receivables: -€27,122
- Cash -€10,658
down €10,658 (-15.1%), from €70,482 to €59,824
mainly Tax, wage and social debts (-€24,107) and Net result for the year (-€11,760)
- Deferred charges and accrued income +€7,601
up €7,601 (+340%), from €2,236 to €9,837
- Tangible fixed assets -€6,241
down €6,241 (-93.1%), from €6,704 to €463
of which Leasing and similar rights: -€6,391
- Tax, wage and social debts -€24,107
down €24,107 (-83.4%), from €28,896 to €4,789
- Profit (loss) carried forward -€11,760
down €11,760, from €0 to -€11,760
- Trade debts +€9,328
up €9,328 (+340%), from €2,745 to €12,073
- Current portion of long-term debt -€6,381
down €6,381 (-100%), from €6,381 to €0
- Gross operating margin -€29,966
down €29,966, from €28,497 to -€1,469
- Taxes -€6,461
down €6,461 (-95.2%), from €6,787 to €326
- Depreciation -€999
down €999 (-13.1%), from €7,656 to €6,656
- Financial charges +€474
up €474 (+117%), from €407 to €881
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 | €132,177 | €98,110 | -€34,066 | -25.8% |
| Fixed assets | 21/28 | €6,704 | €463 | -€6,241 | -93.1% |
| Tangible fixed assets | 22/27 | €6,704 | €463 | -€6,241 | -93.1% |
| Furniture and vehicles | 24 | €313 | €463 | +€150 | +47.9% |
| Leasing and similar rights | 25 | €6,391 | €0 | -€6,391 | -100% |
| Current assets | 29/58 | €125,472 | €97,647 | -€27,826 | -22.2% |
| Amounts receivable within one year | 40/41 | €52,754 | €27,985 | -€24,768 | -47.0% |
| Trade receivables | 40 | €52,754 | €25,631 | -€27,122 | -51.4% |
| Other amounts receivable | 41 | - | €2,354 | +€2,354 | |
| Cash at bank and in hand | 54/58 | €70,482 | €59,824 | -€10,658 | -15.1% |
| Deferred charges and accrued income | 490/1 | €2,236 | €9,837 | +€7,601 | +340% |
| Total equity and liabilities | 10/49 | €132,177 | €98,110 | -€34,066 | -25.8% |
| Equity | 10/15 | €93,008 | €81,248 | -€11,760 | -12.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €91,008 | €91,008 | = | 0.0% |
| Distributable reserves | 133 | €91,008 | €91,008 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€11,760 | -€11,760 | |
| Amounts payable | 17/49 | €39,168 | €16,862 | -€22,307 | -57.0% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €38,022 | €16,862 | -€21,160 | -55.7% |
| Current portion of amounts payable after more than one year | 42 | €6,381 | €0 | -€6,381 | -100% |
| Trade debts | 44 | €2,745 | €12,073 | +€9,328 | +340% |
| Suppliers | 440/4 | €2,745 | €12,073 | +€9,328 | +340% |
| Taxes, remuneration and social security | 45 | €28,896 | €4,789 | -€24,107 | -83.4% |
| Taxes | 450/3 | €28,896 | €4,789 | -€24,107 | -83.4% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €1,147 | €0 | -€1,147 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,656 | €6,656 | -€999 | -13.1% |
| Other operating charges | 640/8 | €2,414 | €2,615 | +€201 | +8.3% |
| Gross operating margin | 9900 | €28,497 | -€1,469 | -€29,966 | |
| Operating profit (loss) | 9901 | €18,428 | -€10,740 | -€29,168 | |
| Financial income | 75/76B | €126 | €188 | +€62 | +49.2% |
| Recurring financial income | 75 | €126 | €188 | +€62 | +49.2% |
| Financial charges | 65/66B | €407 | €881 | +€474 | +117% |
| Recurring financial charges | 65 | €407 | €881 | +€474 | +117% |
| Profit (loss) for the period before taxes | 9903 | €18,147 | -€11,434 | -€29,581 | |
| Income taxes | 67/77 | €6,787 | €326 | -€6,461 | -95.2% |
| Profit (loss) for the period | 9904 | €11,360 | -€11,760 | -€23,119 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,360 | -€11,760 | -€23,119 |
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 27 October 2026 via checked.be.