NAPA ALLIANCE: what changed
What changed
NAPA ALLIANCE
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
€40,482
2025 · €63,152-€22,670
Equity
€210,886
2025 · €197,704+€13,182
Cash
€130,344
2025 · €129,507+€837
Balance sheet total
€572,075
2025 · €598,950-€26,875
Largest movements
Assets
- Stocks and contracts -€25,737
down €25,737 (-9.5%), from €270,969 to €245,232
- Tangible fixed assets -€14,389
down €14,389 (-9.9%), from €145,282 to €130,893
of which Other tangible fixed assets: -€7,699
- Receivables within one year +€12,340
up €12,340 (+25.0%), from €49,318 to €61,658
of which Trade receivables: +€11,399
Equity and liabilities
- Trade debts -€31,969
down €31,969 (-20.3%), from €157,278 to €125,309
- Other debts +€27,300
up €27,300, from €0 to €27,300
- Debts after one year -€18,130
down €18,130 (-17.6%), from €103,008 to €84,879
of which Financial debts: -€18,130
- Tax, wage and social debts -€17,355
down €17,355 (-15.7%), from €110,247 to €92,892
of which Taxes: -€16,779
- Reserves +€12,700
up €12,700 (+8.9%), from €143,300 to €156,000
Income statement
- Gross operating margin -€58,477
down €58,477 (-20.8%), from €280,588 to €222,111
- Write-downs -€32,443
down €32,443, from €11,120 to -€21,324
- Taxes -€9,243
down €9,243 (-27.3%), from €33,819 to €24,576
- Staff costs +€8,404
up €8,404 (+5.7%), from €147,454 to €155,857
Change in the result, 2025 to 2026
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 2025
€63,152
Gross operating margin
-€58,477
Staff costs
-€8,404
Depreciation
+€397
Write-downs
+€32,443
Other operating charges
+€888
Other operating items
+€336
Financial income
-€960
Financial charges
+€1,862
Taxes
+€9,243
Result 2026
€40,482
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€45,863
Investment
-€578
Financing
-€44,448
Cash 2025
€129,507
From operations (derived)
+€45,863
Net result for the year
+€40,482
Depreciation
+€14,967
Stocks and contracts
+€25,737
Receivables within one year
-€12,340
Deferred charges and accrued income
-€75
Trade debts
-€31,969
Tax, wage and social debts
-€17,355
Other debts
+€27,300
Accrued charges and deferred income
-€885
Investment (derived)
-€578
Investment in fixed assets (net)
-€578
Financing
-€44,448
Debts after one year
-€18,130
Current portion of long-term debt
-€288
Short-term financial debts
+€1,270
Contributions, distributions and other
-€27,300
Cash 2026
€130,344
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €598,950 | €572,075 | -€26,875 | -4.5% |
| Fixed assets | 21/28 | €145,790 | €131,401 | -€14,389 | -9.9% |
| Tangible fixed assets | 22/27 | €145,282 | €130,893 | -€14,389 | -9.9% |
| Land and buildings | 22 | €113,457 | €107,945 | -€5,512 | -4.9% |
| Plant, machinery and equipment | 23 | €1,412 | €1,720 | +€308 | +21.8% |
| Furniture and vehicles | 24 | €6,089 | €4,601 | -€1,487 | -24.4% |
| Other tangible fixed assets | 26 | €24,325 | €16,626 | -€7,699 | -31.6% |
| Financial fixed assets | 28 | €508 | €508 | = | 0.0% |
| Current assets | 29/58 | €453,160 | €440,674 | -€12,486 | -2.8% |
| Stocks and contracts in progress | 3 | €270,969 | €245,232 | -€25,737 | -9.5% |
| Stocks | 30/36 | €270,969 | €245,232 | -€25,737 | -9.5% |
| Amounts receivable within one year | 40/41 | €49,318 | €61,658 | +€12,340 | +25.0% |
| Trade receivables | 40 | €30,871 | €42,270 | +€11,399 | +36.9% |
| Other amounts receivable | 41 | €18,447 | €19,388 | +€940 | +5.1% |
| Cash at bank and in hand | 54/58 | €129,507 | €130,344 | +€837 | +0.6% |
| Deferred charges and accrued income | 490/1 | €3,366 | €3,440 | +€75 | +2.2% |
| Total equity and liabilities | 10/49 | €598,950 | €572,075 | -€26,875 | -4.5% |
| Equity | 10/15 | €197,704 | €210,886 | +€13,182 | +6.7% |
| Contributions | 10/11 | €18,850 | €18,850 | = | 0.0% |
| Contributions outside capital | 11 | - | €18,850 | +€18,850 | |
| Other | 1109/19 | - | €18,850 | +€18,850 | |
| Reserves | 13 | €143,300 | €156,000 | +€12,700 | +8.9% |
| Distributable reserves | 133 | €143,300 | €156,000 | +€12,700 | +8.9% |
| Profit (loss) carried forward | 14 | €35,554 | €36,036 | +€482 | +1.4% |
| Amounts payable | 17/49 | €401,246 | €361,189 | -€40,057 | -10.0% |
| Amounts payable after more than one year | 17 | €103,008 | €84,879 | -€18,130 | -17.6% |
| Financial debts | 170/4 | €102,008 | €83,879 | -€18,130 | -17.8% |
| Other amounts payable | 178/9 | €1,000 | €1,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €285,943 | €264,900 | -€21,042 | -7.4% |
| Current portion of amounts payable after more than one year | 42 | €18,418 | €18,130 | -€288 | -1.6% |
| Financial debts | 43 | - | €1,270 | +€1,270 | |
| Credit institutions | 430/8 | - | €1,270 | +€1,270 | |
| Trade debts | 44 | €157,278 | €125,309 | -€31,969 | -20.3% |
| Suppliers | 440/4 | €157,278 | €125,309 | -€31,969 | -20.3% |
| Taxes, remuneration and social security | 45 | €110,247 | €92,892 | -€17,355 | -15.7% |
| Taxes | 450/3 | €70,848 | €54,070 | -€16,779 | -23.7% |
| Remuneration and social security | 454/9 | €39,399 | €38,823 | -€576 | -1.5% |
| Other amounts payable | 47/48 | €0 | €27,300 | +€27,300 | |
| Accrued charges and deferred income | 492/3 | €12,295 | €11,409 | -€885 | -7.2% |
| Remuneration, social security and pensions | 62 | €147,454 | €155,857 | +€8,404 | +5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,364 | €14,967 | -€397 | -2.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €11,120 | -€21,324 | -€32,443 | |
| Other operating charges | 640/8 | €3,309 | €2,420 | -€888 | -26.8% |
| Non-recurring operating charges | 66A | €336 | - | -€336 | |
| Gross operating margin | 9900 | €280,588 | €222,111 | -€58,477 | -20.8% |
| Operating profit (loss) | 9901 | €103,006 | €70,190 | -€32,816 | -31.9% |
| Financial income | 75/76B | €2,633 | €1,674 | -€960 | -36.4% |
| Recurring financial income | 75 | €2,633 | €1,674 | -€960 | -36.4% |
| Financial charges | 65/66B | €8,669 | €6,806 | -€1,862 | -21.5% |
| Recurring financial charges | 65 | €8,669 | €6,806 | -€1,862 | -21.5% |
| Profit (loss) for the period before taxes | 9903 | €96,971 | €65,058 | -€31,913 | -32.9% |
| Income taxes | 67/77 | €33,819 | €24,576 | -€9,243 | -27.3% |
| Profit (loss) for the period | 9904 | €63,152 | €40,482 | -€22,670 | -35.9% |
| Profit (loss) for the period to be appropriated | 9905 | €63,152 | €40,482 | -€22,670 | -35.9% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 January 2025 and 31 January 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.