M&S SHOP: 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.
M&S SHOP
Largest movements
- Cash -€28,973
down €28,973 (-56.2%), from €51,524 to €22,551
mainly Contributions, distributions and other (-€22,052) and Stocks and contracts (-€17,540)
- Stocks and contracts +€17,540
up €17,540 (+48.0%), from €36,517 to €54,057
- Receivables within one year +€13,491
up €13,491 (+368%), from €3,667 to €17,158
of which Trade receivables: +€11,016
- Tangible fixed assets +€2,384
up €2,384 (+5.7%), from €41,731 to €44,115
of which Furniture and vehicles: +€4,969
- Deferred charges and accrued income +€1,853
up €1,853 (+279%), from €664 to €2,517
- Reserves +€24,948
up €24,948 (+56.8%), from €43,912 to €68,860
- Trade debts -€15,731
down €15,731 (-42.3%), from €37,172 to €21,441
of which Suppliers: -€15,732
- Debts after one year -€9,000
down €9,000 (-13.0%), from €69,000 to €60,000
- Tax, wage and social debts +€6,508
up €6,508 (+56.6%), from €11,506 to €18,014
of which Taxes: +€4,069
- Gross operating margin +€40,550
up €40,550 (+34.4%), from €117,857 to €158,407
- Staff costs +€11,687
up €11,687 (+15.0%), from €78,159 to €89,846
- Taxes +€2,726
up €2,726 (+136%), from €2,000 to €4,726
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 | €135,603 | €141,898 | +€6,295 | +4.6% |
| Fixed assets | 21/28 | €43,231 | €45,615 | +€2,384 | +5.5% |
| Tangible fixed assets | 22/27 | €41,731 | €44,115 | +€2,384 | +5.7% |
| Plant, machinery and equipment | 23 | €6,975 | €5,756 | -€1,219 | -17.5% |
| Furniture and vehicles | 24 | €12,545 | €17,514 | +€4,969 | +39.6% |
| Other tangible fixed assets | 26 | €22,211 | €20,845 | -€1,366 | -6.2% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €92,372 | €96,283 | +€3,911 | +4.2% |
| Stocks and contracts in progress | 3 | €36,517 | €54,057 | +€17,540 | +48.0% |
| Stocks | 30/36 | €36,517 | €54,057 | +€17,540 | +48.0% |
| Amounts receivable within one year | 40/41 | €3,667 | €17,158 | +€13,491 | +368% |
| Trade receivables | 40 | €2,935 | €13,951 | +€11,016 | +375% |
| Other amounts receivable | 41 | €732 | €3,207 | +€2,475 | +338% |
| Cash at bank and in hand | 54/58 | €51,524 | €22,551 | -€28,973 | -56.2% |
| Deferred charges and accrued income | 490/1 | €664 | €2,517 | +€1,853 | +279% |
| Total equity and liabilities | 10/49 | €135,603 | €141,898 | +€6,295 | +4.6% |
| Equity | 10/15 | -€16,399 | €9,362 | +€25,761 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €43,912 | €68,860 | +€24,948 | +56.8% |
| Distributable reserves | 133 | €43,912 | €68,860 | +€24,948 | +56.8% |
| Profit (loss) carried forward | 14 | -€78,911 | -€78,098 | +€813 | +1.0% |
| Amounts payable | 17/49 | €152,002 | €132,536 | -€19,466 | -12.8% |
| Amounts payable after more than one year | 17 | €69,000 | €60,000 | -€9,000 | -13.0% |
| Other amounts payable | 178/9 | €69,000 | €60,000 | -€9,000 | -13.0% |
| Amounts payable within one year | 42/48 | €83,002 | €72,536 | -€10,466 | -12.6% |
| Trade debts | 44 | €37,172 | €21,441 | -€15,731 | -42.3% |
| Suppliers | 440/4 | €37,172 | €21,440 | -€15,732 | -42.3% |
| Bills of exchange payable | 441 | - | €1 | +€1 | |
| Taxes, remuneration and social security | 45 | €11,506 | €18,014 | +€6,508 | +56.6% |
| Taxes | 450/3 | €5,295 | €9,364 | +€4,069 | +76.8% |
| Remuneration and social security | 454/9 | €6,211 | €8,650 | +€2,439 | +39.3% |
| Other amounts payable | 47/48 | €34,324 | €33,081 | -€1,243 | -3.6% |
| Remuneration, social security and pensions | 62 | €78,159 | €89,846 | +€11,687 | +15.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,271 | €6,319 | +€1,048 | +19.9% |
| Other operating charges | 640/8 | €2,595 | €2,402 | -€193 | -7.4% |
| Gross operating margin | 9900 | €117,857 | €158,407 | +€40,550 | +34.4% |
| Operating profit (loss) | 9901 | €31,832 | €59,840 | +€28,008 | +88.0% |
| Financial income | 75/76B | €17 | €4 | -€13 | -76.5% |
| Recurring financial income | 75 | €17 | €4 | -€13 | -76.5% |
| Financial charges | 65/66B | €6,716 | €7,305 | +€589 | +8.8% |
| Recurring financial charges | 65 | €6,716 | €7,305 | +€589 | +8.8% |
| Profit (loss) for the period before taxes | 9903 | €25,133 | €52,539 | +€27,406 | +109% |
| Income taxes | 67/77 | €2,000 | €4,726 | +€2,726 | +136% |
| Profit (loss) for the period | 9904 | €23,133 | €47,813 | +€24,680 | +107% |
| Profit (loss) for the period to be appropriated | 9905 | €23,133 | €47,813 | +€24,680 | +107% |
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 25 October 2026 via checked.be.