NANDROBEL: what changed
Two fiscal 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.
What changed
NANDROBEL
NACE 47.716, Retail sale of clothing and accessories for women, men, children and babies (general range)
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€397,300
2024 · €217,244+€180,056
Equity
€915,421
2024 · €758,121+€157,300
Cash
€524,642
2024 · €156,597+€368,045
Balance sheet total
€1.6m
2024 · €1.4m+€200,852
Largest movements
Assets
- Cash +€368,045
up €368,045 (+235.0%), from €156,597 to €524,642
mainly Net result for the year (+€397,300) and Depreciation (+€149,744)
- Tangible fixed assets -€227,486
down €227,486 (-25.3%), from €899,305 to €671,819
of which Plant, machinery and equipment: -€143,327
- Stocks and contracts +€54,346
up €54,346 (+22.8%), from €237,863 to €292,209
Equity and liabilities
- Reserves +€154,236
up €154,236 (+22.5%), from €686,900 to €841,136
of which Tax-exempt reserves: +€154,236
- Provisions +€55,475
up €55,475 (+139.1%), from €39,885 to €95,360
of which Deferred taxes: +€51,412
- Other debts -€46,270
down €46,270 (-16.1%), from €286,837 to €240,566
- Tax, wage and social debts +€41,566
up €41,566 (+38.5%), from €107,824 to €149,390
of which Taxes: +€33,038
- Accrued charges and deferred income -€28,631
down €28,631 (-99.2%), from €28,864 to €233
Income statement
- Gross operating margin +€270,255
up €270,255 (+33.2%), from €813,647 to €1.1m
- Taxes +€45,438
up €45,438 (+118.3%), from €38,411 to €83,848
- Depreciation -€38,526
down €38,526 (-20.5%), from €188,271 to €149,744
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.
Result 2024
€217,244
Gross operating margin
+€270,255
Staff costs
-€25,821
Depreciation
+€38,526
Write-downs
-€5,070
Provisions
+€10,143
Other operating charges
-€6,387
Other operating items
-€25,066
Financial income
+€4,412
Financial charges
+€15,913
Taxes
-€45,438
Deferred taxes and other
-€51,412
Result 2025
€397,300
Cash bridge derived
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.
From operations
+€530,303
Investment
+€77,742
Financing
-€240,000
Cash 2024
€156,597
From operations (derived)
+€530,303
Net result for the year
+€397,300
Depreciation
+€149,744
Stocks and contracts
-€54,346
Receivables within one year
-€11,860
Deferred charges and accrued income
+€5,913
Provisions
+€55,475
Trade debts
+€14,216
Tax, wage and social debts
+€41,566
Advances received
+€7,196
Other debts
-€46,270
Accrued charges and deferred income
-€28,631
Investment (derived)
+€77,742
Investment in fixed assets (net)
+€77,742
Financing
-€240,000
Contributions, distributions and other
-€240,000
Cash 2025
€524,642
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,373,381 | €1,574,233 | +€200,852 | +14.6% |
| Fixed assets | 21/28 | €899,617 | €672,131 | -€227,486 | -25.3% |
| Tangible fixed assets | 22/27 | €899,305 | €671,819 | -€227,486 | -25.3% |
| Land and buildings | 22 | €30,729 | - | -€30,729 | |
| Plant, machinery and equipment | 23 | €805,321 | €661,994 | -€143,327 | -17.8% |
| Furniture and vehicles | 24 | €41,308 | €9,825 | -€31,483 | -76.2% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Other tangible fixed assets | 26 | €21,947 | - | -€21,947 | |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €312 | €312 | = | 0.0% |
| Current assets | 29/58 | €473,764 | €902,102 | +€428,338 | +90.4% |
| Stocks and contracts in progress | 3 | €237,863 | €292,209 | +€54,346 | +22.8% |
| Stocks | 30/36 | €237,863 | €292,209 | +€54,346 | +22.8% |
| Amounts receivable within one year | 40/41 | €72,246 | €84,105 | +€11,860 | +16.4% |
| Trade receivables | 40 | €50,656 | €62,516 | +€11,860 | +23.4% |
| Other amounts receivable | 41 | €21,589 | €21,589 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €156,597 | €524,642 | +€368,045 | +235.0% |
| Deferred charges and accrued income | 490/1 | €7,059 | €1,146 | -€5,913 | -83.8% |
| Total equity and liabilities | 10/49 | €1,373,381 | €1,574,233 | +€200,852 | +14.6% |
| Equity | 10/15 | €758,121 | €915,421 | +€157,300 | +20.7% |
| Contributions | 10/11 | €69,000 | €69,000 | = | 0.0% |
| Capital | 10 | €69,000 | €69,000 | = | 0.0% |
| Issued capital | 100 | €69,000 | €69,000 | = | 0.0% |
| Reserves | 13 | €686,900 | €841,136 | +€154,236 | +22.5% |
| Non-distributable reserves | 130/1 | €6,900 | €6,900 | = | 0.0% |
| Legal reserve | 130 | €6,900 | €6,900 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €154,236 | +€154,236 | |
| Distributable reserves | 133 | €680,000 | €680,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,221 | €5,286 | +€3,064 | +137.9% |
| Provisions and deferred taxes | 16 | €39,885 | €95,360 | +€55,475 | +139.1% |
| Provisions for liabilities and charges | 160/5 | €39,885 | €43,948 | +€4,063 | +10.2% |
| Other liabilities and charges | 164/5 | €39,885 | €43,948 | +€4,063 | +10.2% |
| Deferred taxes | 168 | - | €51,412 | +€51,412 | |
| Amounts payable | 17/49 | €575,375 | €563,452 | -€11,923 | -2.1% |
| Amounts payable within one year | 42/48 | €546,511 | €563,219 | +€16,708 | +3.1% |
| Trade debts | 44 | €112,343 | €126,559 | +€14,216 | +12.7% |
| Suppliers | 440/4 | €112,343 | €126,559 | +€14,216 | +12.7% |
| Advances received on contracts in progress | 46 | €39,508 | €46,704 | +€7,196 | +18.2% |
| Taxes, remuneration and social security | 45 | €107,824 | €149,390 | +€41,566 | +38.5% |
| Taxes | 450/3 | €65,821 | €98,859 | +€33,038 | +50.2% |
| Remuneration and social security | 454/9 | €42,003 | €50,531 | +€8,528 | +20.3% |
| Other amounts payable | 47/48 | €286,837 | €240,566 | -€46,270 | -16.1% |
| Accrued charges and deferred income | 492/3 | €28,864 | €233 | -€28,631 | -99.2% |
| Turnover | 70 | €2,896,884 | €2,902,871 | +€5,987 | +0.2% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €2,119,005 | €2,125,612 | +€6,607 | +0.3% |
| Remuneration, social security and pensions | 62 | €352,350 | €378,171 | +€25,821 | +7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €188,271 | €149,744 | -€38,526 | -20.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,576 | €3,494 | +€5,070 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €14,206 | €4,063 | -€10,143 | -71.4% |
| Other operating charges | 640/8 | €10,814 | €17,201 | +€6,387 | +59.1% |
| Non-recurring operating charges | 66A | - | €25,066 | +€25,066 | |
| Gross operating margin | 9900 | €813,647 | €1,083,902 | +€270,255 | +33.2% |
| Operating profit (loss) | 9901 | €249,583 | €506,163 | +€256,580 | +102.8% |
| Financial income | 75/76B | €25,632 | €30,044 | +€4,412 | +17.2% |
| Recurring financial income | 75 | €25,632 | €30,044 | +€4,412 | +17.2% |
| Financial charges | 65/66B | €19,561 | €3,647 | -€15,913 | -81.4% |
| Recurring financial charges | 65 | €19,561 | €3,647 | -€15,913 | -81.4% |
| Profit (loss) for the period before taxes | 9903 | €255,654 | €532,560 | +€276,906 | +108.3% |
| Transfer from deferred taxes | 780 | - | €18,410 | +€18,410 | |
| Transfer to deferred taxes | 680 | - | €69,822 | +€69,822 | |
| Income taxes | 67/77 | €38,411 | €83,848 | +€45,438 | +118.3% |
| Profit (loss) for the period | 9904 | €217,244 | €397,300 | +€180,056 | +82.9% |
| Transfer from tax-exempt reserves | 789 | - | €55,231 | +€55,231 | |
| Transfer to tax-exempt reserves | 689 | - | €209,467 | +€209,467 | |
| Profit (loss) for the period to be appropriated | 9905 | €217,244 | €243,064 | +€25,820 | +11.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.