HTLR 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.
HTLR Retail
Largest movements
- Tangible fixed assets +€33,333
up €33,333 (+355%), from €9,383 to €42,716
of which Furniture and vehicles: +€22,392
- Stocks and contracts +€7,908
up €7,908 (+3.9%), from €202,311 to €210,219
- Cash -€6,188
down €6,188 (-21.9%), from €28,234 to €22,047
mainly Investment in fixed assets (net) (-€39,192) and Other debts (-€7,951)
- Current investments +€3,442
up €3,442 (+1,070%), from €322 to €3,764
- Trade debts +€25,377
up €25,377 (+26.0%), from €97,698 to €123,075
- Reserves +€16,081
up €16,081 (+715%), from €2,249 to €18,330
of which Distributable reserves: +€16,081
- Other debts -€7,951
down €7,951 (-15.4%), from €51,787 to €43,835
- Debts after one year -€7,768
down €7,768 (-32.7%), from €23,734 to €15,966
of which Trade debts: -€23,734
- Tax, wage and social debts +€5,265
up €5,265 (+11.3%), from €46,614 to €51,879
of which Taxes: +€4,101
- Gross operating margin +€30,725
up €30,725 (+9.5%), from €324,742 to €355,466
- Staff costs +€14,153
up €14,153 (+5.0%), from €284,145 to €298,298
- Taxes +€4,248
up €4,248 (+70.1%), from €6,059 to €10,307
- Depreciation +€3,820
up €3,820 (+85.1%), from €4,489 to €8,309
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 | €298,744 | €334,437 | +€35,693 | +11.9% |
| Fixed assets | 21/28 | €12,233 | €43,116 | +€30,883 | +252% |
| Tangible fixed assets | 22/27 | €9,383 | €42,716 | +€33,333 | +355% |
| Plant, machinery and equipment | 23 | €9,286 | €20,227 | +€10,941 | +118% |
| Furniture and vehicles | 24 | €97 | €22,489 | +€22,392 | +23,101% |
| Financial fixed assets | 28 | €2,850 | €400 | -€2,450 | -86.0% |
| Current assets | 29/58 | €286,511 | €291,321 | +€4,810 | +1.7% |
| Stocks and contracts in progress | 3 | €202,311 | €210,219 | +€7,908 | +3.9% |
| Stocks | 30/36 | €202,311 | €210,219 | +€7,908 | +3.9% |
| Amounts receivable within one year | 40/41 | €54,719 | €53,398 | -€1,321 | -2.4% |
| Trade receivables | 40 | €39,522 | €44,556 | +€5,034 | +12.7% |
| Other amounts receivable | 41 | €15,197 | €8,842 | -€6,356 | -41.8% |
| Current investments | 50/53 | €322 | €3,764 | +€3,442 | +1,070% |
| Cash at bank and in hand | 54/58 | €28,234 | €22,047 | -€6,188 | -21.9% |
| Deferred charges and accrued income | 490/1 | €925 | €1,894 | +€969 | +105% |
| Total equity and liabilities | 10/49 | €298,744 | €334,437 | +€35,693 | +11.9% |
| Equity | 10/15 | €30,341 | €48,330 | +€17,990 | +59.3% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €2,249 | €18,330 | +€16,081 | +715% |
| Tax-exempt reserves | 132 | €2,249 | €2,249 | = | 0.0% |
| Distributable reserves | 133 | - | €16,081 | +€16,081 | |
| Profit (loss) carried forward | 14 | -€1,908 | €0 | +€1,908 | |
| Amounts payable | 17/49 | €268,403 | €286,106 | +€17,703 | +6.6% |
| Amounts payable after more than one year | 17 | €23,734 | €15,966 | -€7,768 | -32.7% |
| Financial debts | 170/4 | - | €15,966 | +€15,966 | |
| Trade debts | 175 | €23,734 | €0 | -€23,734 | -100% |
| Amounts payable within one year | 42/48 | €244,669 | €270,141 | +€25,471 | +10.4% |
| Current portion of amounts payable after more than one year | 42 | €48,570 | €51,351 | +€2,781 | +5.7% |
| Trade debts | 44 | €97,698 | €123,075 | +€25,377 | +26.0% |
| Suppliers | 440/4 | €97,698 | €123,075 | +€25,377 | +26.0% |
| Taxes, remuneration and social security | 45 | €46,614 | €51,879 | +€5,265 | +11.3% |
| Taxes | 450/3 | €0 | €4,101 | +€4,101 | |
| Remuneration and social security | 454/9 | €46,614 | €47,777 | +€1,163 | +2.5% |
| Other amounts payable | 47/48 | €51,787 | €43,835 | -€7,951 | -15.4% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €284,145 | €298,298 | +€14,153 | +5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,489 | €8,309 | +€3,820 | +85.1% |
| Other operating charges | 640/8 | €2,619 | €3,993 | +€1,374 | +52.4% |
| Gross operating margin | 9900 | €324,742 | €355,466 | +€30,725 | +9.5% |
| Operating profit (loss) | 9901 | €33,488 | €44,866 | +€11,378 | +34.0% |
| Financial income | 75/76B | €38 | €60 | +€22 | +57.6% |
| Recurring financial income | 75 | €38 | €60 | +€22 | +57.6% |
| Financial charges | 65/66B | €15,121 | €16,630 | +€1,509 | +10.0% |
| Recurring financial charges | 65 | €15,121 | €16,630 | +€1,509 | +10.0% |
| Profit (loss) for the period before taxes | 9903 | €18,406 | €28,296 | +€9,891 | +53.7% |
| Income taxes | 67/77 | €6,059 | €10,307 | +€4,248 | +70.1% |
| Profit (loss) for the period | 9904 | €12,347 | €17,990 | +€5,643 | +45.7% |
| Profit (loss) for the period to be appropriated | 9905 | €12,347 | €17,990 | +€5,643 | +45.7% |
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 22 October 2026 via checked.be.