L3 Retail: what changed
What changed
L3 Retail
NACE 47.110, Non-specialised retail sale with food, beverages or tobacco predominating
filed annual accounts (NBB)
Net result for the year
-€362,469
2024 · -€425,117+€62,648
Equity
-€737,585
2024 · -€375,117-€362,469
Cash
€647,519
2024 · €623,322+€24,197
Balance sheet total
€1.8m
2024 · €1.8m-€42,464
Largest movements
Assets
- Receivables within one year -€70,101
down €70,101 (-88.8%), from €78,933 to €8,832
of which Other amounts receivable: -€78,085
- Cash +€24,197
up €24,197 (+3.9%), from €623,322 to €647,519
mainly Trade debts (+€454,647) and Current portion of long-term debt (+€100,352)
Equity and liabilities
- Trade debts +€454,647
up €454,647 (+36.7%), from €1.2m to €1.7m
- Profit (loss) carried forward -€362,469
down €362,469 (-85.3%), from -€425,117 to -€787,585
- Accrued charges and deferred income -€114,711
down €114,711 (-93.1%), from €123,276 to €8,566
- Debts after one year -€108,218
down €108,218 (-39.9%), from €271,240 to €163,022
- Current portion of long-term debt +€100,352
up €100,352 (+1,276%), from €7,866 to €108,218
Income statement
- Gross operating margin +€587,827
up €587,827 (+28.3%), from €2.1m to €2.7m
- Staff costs +€463,951
up €463,951 (+18.9%), from €2.5m to €2.9m
- Depreciation +€32,976
up €32,976 (+91.4%), from €36,074 to €69,050
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.
Result 2024
-€425,117
Gross operating margin
+€587,827
Staff costs
-€463,951
Depreciation
-€32,976
Other operating charges
-€24,567
Financial income
-€69
Financial charges
-€3,618
Taxes
+€1
Result 2025
-€362,469
raises the resultlowers the result
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.
From operations
+€109,835
Investment
-€77,772
Financing
-€7,866
Cash 2024
€623,322
From operations (derived)
+€109,835
Net result for the year
-€362,469
Depreciation
+€69,050
Stocks and contracts
+€7,106
Receivables within one year
+€70,101
Deferred charges and accrued income
-€1,824
Trade debts
+€454,647
Tax, wage and social debts
+€87,934
Other debts
-€100,000
Accrued charges and deferred income
-€114,711
Investment (derived)
-€77,772
Investment in fixed assets (net)
-€77,772
Financing
-€7,866
Debts after one year
-€108,218
Current portion of long-term debt
+€100,352
Cash 2025
€647,519
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,805,828 | €1,763,364 | -€42,464 | -2.4% |
| Fixed assets | 21/28 | €240,527 | €249,250 | +€8,723 | +3.6% |
| Tangible fixed assets | 22/27 | €236,267 | €244,990 | +€8,723 | +3.7% |
| Plant, machinery and equipment | 23 | €182,660 | €144,650 | -€38,010 | -20.8% |
| Furniture and vehicles | 24 | €30,220 | €82,231 | +€52,012 | +172% |
| Other tangible fixed assets | 26 | €23,388 | €18,109 | -€5,279 | -22.6% |
| Financial fixed assets | 28 | €4,260 | €4,260 | = | 0.0% |
| Current assets | 29/58 | €1,565,300 | €1,514,114 | -€51,186 | -3.3% |
| Stocks and contracts in progress | 3 | €862,846 | €855,740 | -€7,106 | -0.8% |
| Stocks | 30/36 | €862,846 | €855,740 | -€7,106 | -0.8% |
| Amounts receivable within one year | 40/41 | €78,933 | €8,832 | -€70,101 | -88.8% |
| Trade receivables | 40 | €647 | €8,631 | +€7,984 | +1,234% |
| Other amounts receivable | 41 | €78,286 | €200 | -€78,085 | -99.7% |
| Cash at bank and in hand | 54/58 | €623,322 | €647,519 | +€24,197 | +3.9% |
| Deferred charges and accrued income | 490/1 | €199 | €2,023 | +€1,824 | +916% |
| Total equity and liabilities | 10/49 | €1,805,828 | €1,763,364 | -€42,464 | -2.4% |
| Equity | 10/15 | -€375,117 | -€737,585 | -€362,469 | -96.6% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€425,117 | -€787,585 | -€362,469 | -85.3% |
| Amounts payable | 17/49 | €2,180,944 | €2,500,949 | +€320,005 | +14.7% |
| Amounts payable after more than one year | 17 | €271,240 | €163,022 | -€108,218 | -39.9% |
| Financial debts | 170/4 | €271,240 | €163,022 | -€108,218 | -39.9% |
| Amounts payable within one year | 42/48 | €1,786,428 | €2,329,362 | +€542,934 | +30.4% |
| Current portion of amounts payable after more than one year | 42 | €7,866 | €108,218 | +€100,352 | +1,276% |
| Trade debts | 44 | €1,238,915 | €1,693,562 | +€454,647 | +36.7% |
| Suppliers | 440/4 | €1,238,915 | €1,693,562 | +€454,647 | +36.7% |
| Taxes, remuneration and social security | 45 | €439,647 | €527,582 | +€87,934 | +20.0% |
| Taxes | 450/3 | €75,741 | €78,642 | +€2,901 | +3.8% |
| Remuneration and social security | 454/9 | €363,907 | €448,940 | +€85,033 | +23.4% |
| Other amounts payable | 47/48 | €100,000 | €0 | -€100,000 | -100% |
| Accrued charges and deferred income | 492/3 | €123,276 | €8,566 | -€114,711 | -93.1% |
| Remuneration, social security and pensions | 62 | €2,457,325 | €2,921,276 | +€463,951 | +18.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,074 | €69,050 | +€32,976 | +91.4% |
| Other operating charges | 640/8 | €1,661 | €26,228 | +€24,567 | +1,479% |
| Gross operating margin | 9900 | €2,079,836 | €2,667,664 | +€587,827 | +28.3% |
| Operating profit (loss) | 9901 | -€415,224 | -€348,890 | +€66,334 | +16.0% |
| Financial income | 75/76B | €101 | €32 | -€69 | -68.2% |
| Recurring financial income | 75 | €101 | €32 | -€69 | -68.2% |
| Financial charges | 65/66B | €9,816 | €13,434 | +€3,618 | +36.9% |
| Recurring financial charges | 65 | €9,816 | €13,434 | +€3,618 | +36.9% |
| Profit (loss) for the period before taxes | 9903 | -€424,939 | -€362,292 | +€62,647 | +14.7% |
| Income taxes | 67/77 | €178 | €177 | -€1 | -0.3% |
| Profit (loss) for the period | 9904 | -€425,117 | -€362,469 | +€62,648 | +14.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€425,117 | -€362,469 | +€62,648 | +14.7% |
Next steps
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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 1 November 2026 via checked.be.