MODEL MOD.: what changed
What changed
MODEL MOD.
NACE 47.716, Retail sale of clothing and accessories for women, men, children and babies (general range)
filed annual accounts (NBB)
Net result for the year
€46,070
2024 · €30,878+€15,192
Equity
€385,356
2024 · €339,286+€46,070
Cash
€44,226
2024 · €25,432+€18,794
Balance sheet total
€414,144
2024 · €365,024+€49,119
Largest movements
Assets
- Current investments +€50,000
up €50,000 (+33.3%), from €150,000 to €200,000
- Tangible fixed assets -€19,580
down €19,580 (-11.3%), from €173,578 to €153,999
- Cash +€18,794
up €18,794 (+73.9%), from €25,432 to €44,226
mainly Net result for the year (+€46,070) and Depreciation (+€21,059)
Equity and liabilities
- Profit (loss) carried forward +€46,070
up €46,070 (+51.3%), from €89,875 to €135,945
Income statement
- Depreciation -€11,152
down €11,152 (-34.6%), from €32,210 to €21,059
- Gross operating margin +€3,130
up €3,130 (+3.6%), from €87,856 to €90,986
- Financial income +€2,450
up €2,450 (+233%), from €1,050 to €3,500
- Other operating charges +€1,599
up €1,599 (+6.4%), from €24,983 to €26,582
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
€30,878
Gross operating margin
+€3,130
Depreciation
+€11,152
Other operating charges
-€1,599
Other operating items
+€327
Financial income
+€2,450
Financial charges
+€122
Taxes
-€389
Result 2025
€46,070
raises the resultlowers the resultnot broken down further in the accounts
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
+€71,100
Investment
-€51,479
Financing
-€826
Cash 2024
€25,432
From operations (derived)
+€71,100
Net result for the year
+€46,070
Depreciation
+€21,059
Receivables within one year
-€544
Deferred charges and accrued income
+€639
Trade debts
+€2,288
Other debts
+€808
Accrued charges and deferred income
+€779
Investment (derived)
-€51,479
Investment in fixed assets (net)
-€1,479
Current investments
-€50,000
Financing
-€826
Short-term financial debts
-€826
Cash 2025
€44,226
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €365,024 | €414,144 | +€49,119 | +13.5% |
| Fixed assets | 21/28 | €174,601 | €155,021 | -€19,580 | -11.2% |
| Tangible fixed assets | 22/27 | €173,578 | €153,999 | -€19,580 | -11.3% |
| Land and buildings | 22 | €86,476 | €81,593 | -€4,883 | -5.6% |
| Plant, machinery and equipment | 23 | €17,195 | €12,556 | -€4,639 | -27.0% |
| Furniture and vehicles | 24 | €6,301 | €5,330 | -€971 | -15.4% |
| Other tangible fixed assets | 26 | €63,606 | €54,519 | -€9,087 | -14.3% |
| Financial fixed assets | 28 | €1,023 | €1,023 | = | 0.0% |
| Current assets | 29/58 | €190,423 | €259,123 | +€68,699 | +36.1% |
| Amounts receivable within one year | 40/41 | €14,353 | €14,896 | +€544 | +3.8% |
| Other amounts receivable | 41 | €14,353 | €14,896 | +€544 | +3.8% |
| Current investments | 50/53 | €150,000 | €200,000 | +€50,000 | +33.3% |
| Cash at bank and in hand | 54/58 | €25,432 | €44,226 | +€18,794 | +73.9% |
| Deferred charges and accrued income | 490/1 | €639 | - | -€639 | |
| Total equity and liabilities | 10/49 | €365,024 | €414,144 | +€49,119 | +13.5% |
| Equity | 10/15 | €339,286 | €385,356 | +€46,070 | +13.6% |
| Contributions | 10/11 | €55,776 | €55,776 | = | 0.0% |
| Capital | 10 | €55,776 | €55,776 | = | 0.0% |
| Issued capital | 100 | €55,776 | €55,776 | = | 0.0% |
| Reserves | 13 | €193,635 | €193,635 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,578 | €5,578 | = | 0.0% |
| Legal reserve | 130 | €5,578 | €5,578 | = | 0.0% |
| Tax-exempt reserves | 132 | €52,870 | €52,870 | = | 0.0% |
| Distributable reserves | 133 | €135,187 | €135,187 | = | 0.0% |
| Profit (loss) carried forward | 14 | €89,875 | €135,945 | +€46,070 | +51.3% |
| Amounts payable | 17/49 | €25,738 | €28,787 | +€3,049 | +11.8% |
| Amounts payable within one year | 42/48 | €19,579 | €21,850 | +€2,271 | +11.6% |
| Financial debts | 43 | €826 | - | -€826 | |
| Credit institutions | 430/8 | €826 | - | -€826 | |
| Trade debts | 44 | €326 | €2,614 | +€2,288 | +702% |
| Suppliers | 440/4 | €326 | €2,614 | +€2,288 | +702% |
| Advances received on contracts in progress | 46 | €7,175 | €7,175 | = | 0.0% |
| Other amounts payable | 47/48 | €11,252 | €12,060 | +€808 | +7.2% |
| Accrued charges and deferred income | 492/3 | €6,159 | €6,938 | +€779 | +12.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,210 | €21,059 | -€11,152 | -34.6% |
| Other operating charges | 640/8 | €24,983 | €26,582 | +€1,599 | +6.4% |
| Non-recurring operating charges | 66A | €327 | - | -€327 | |
| Gross operating margin | 9900 | €87,856 | €90,986 | +€3,130 | +3.6% |
| Operating profit (loss) | 9901 | €30,335 | €43,345 | +€13,009 | +42.9% |
| Financial income | 75/76B | €1,050 | €3,500 | +€2,450 | +233% |
| Recurring financial income | 75 | €1,050 | €3,500 | +€2,450 | +233% |
| Financial charges | 65/66B | €192 | €70 | -€122 | -63.5% |
| Recurring financial charges | 65 | €192 | €70 | -€122 | -63.5% |
| Profit (loss) for the period before taxes | 9903 | €31,194 | €46,775 | +€15,581 | +49.9% |
| Income taxes | 67/77 | €315 | €704 | +€389 | +124% |
| Profit (loss) for the period | 9904 | €30,878 | €46,070 | +€15,192 | +49.2% |
| Profit (loss) for the period to be appropriated | 9905 | €30,878 | €46,070 | +€15,192 | +49.2% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.