NEW STORE: 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.
NEW STORE
Largest movements
- Receivables within one year -€90,638
down €90,638 (-74.0%), from €122,515 to €31,877
of which Trade receivables: -€82,855
- Cash +€42,396
up €42,396 (+125.7%), from €33,725 to €76,121
mainly Receivables within one year (+€90,638) and Net result for the year (+€26,953)
- Tangible fixed assets +€6,717
up €6,717 (+29.4%), from €22,869 to €29,586
of which Land and buildings: +€13,436
- Intangible fixed assets -€5,000
down €5,000 (-20.0%), from €25,000 to €20,000
- Deferred charges and accrued income -€3,233
down €3,233 (-55.5%), from €5,829 to €2,596
- Trade debts -€48,017
down €48,017 (-76.5%), from €62,763 to €14,746
- Profit (loss) carried forward -€30,000
down €30,000 (-34.6%), from €86,702 to €56,702
- Reserves +€26,953
new in 2025: €26,953
- Other debts +€16,729
up €16,729 (+98.4%), from €17,000 to €33,729
- Short-term financial debts -€11,712
no longer reported in 2025 (was €11,712)
- Depreciation -€7,681
down €7,681 (-31.0%), from €24,772 to €17,090
- Taxes +€4,026
up €4,026 (+33.4%), from €12,038 to €16,064
- Other operating charges +€4,022
up €4,022 (+278.6%), from €1,443 to €5,465
- Gross operating margin -€2,248
down €2,248 (-3.2%), from €70,265 to €68,017
- Staff costs -€897
no longer reported in 2025 (was €897)
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €209,938 | €160,180 | -€49,759 | -23.7% |
| Fixed assets | 21/28 | €47,869 | €49,586 | +€1,717 | +3.6% |
| Intangible fixed assets | 21 | €25,000 | €20,000 | -€5,000 | -20.0% |
| Tangible fixed assets | 22/27 | €22,869 | €29,586 | +€6,717 | +29.4% |
| Land and buildings | 22 | - | €13,436 | +€13,436 | |
| Plant, machinery and equipment | 23 | €17,083 | €12,634 | -€4,449 | -26.0% |
| Furniture and vehicles | 24 | €5,786 | €3,516 | -€2,271 | -39.2% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Current assets | 29/58 | €162,069 | €110,593 | -€51,476 | -31.8% |
| Amounts receivable within one year | 40/41 | €122,515 | €31,877 | -€90,638 | -74.0% |
| Trade receivables | 40 | €108,101 | €25,245 | -€82,855 | -76.6% |
| Other amounts receivable | 41 | €14,415 | €6,632 | -€7,783 | -54.0% |
| Cash at bank and in hand | 54/58 | €33,725 | €76,121 | +€42,396 | +125.7% |
| Deferred charges and accrued income | 490/1 | €5,829 | €2,596 | -€3,233 | -55.5% |
| Total equity and liabilities | 10/49 | €209,938 | €160,180 | -€49,759 | -23.7% |
| Equity | 10/15 | €89,702 | €86,655 | -€3,047 | -3.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €26,953 | +€26,953 | |
| Distributable reserves | 133 | - | €26,953 | +€26,953 | |
| Profit (loss) carried forward | 14 | €86,702 | €56,702 | -€30,000 | -34.6% |
| Amounts payable | 17/49 | €120,237 | €73,525 | -€46,712 | -38.8% |
| Amounts payable after more than one year | 17 | €6,472 | - | -€6,472 | |
| Financial debts | 170/4 | €6,472 | - | -€6,472 | |
| Amounts payable within one year | 42/48 | €113,764 | €72,821 | -€40,943 | -36.0% |
| Current portion of amounts payable after more than one year | 42 | €9,266 | €12,829 | +€3,563 | +38.5% |
| Financial debts | 43 | €11,712 | - | -€11,712 | |
| Credit institutions | 430/8 | €11,712 | - | -€11,712 | |
| Trade debts | 44 | €62,763 | €14,746 | -€48,017 | -76.5% |
| Suppliers | 440/4 | €62,763 | €14,746 | -€48,017 | -76.5% |
| Advances received on contracts in progress | 46 | €8,697 | - | -€8,697 | |
| Taxes, remuneration and social security | 45 | €4,326 | €11,517 | +€7,192 | +166.3% |
| Taxes | 450/3 | €4,326 | €11,517 | +€7,192 | +166.3% |
| Other amounts payable | 47/48 | €17,000 | €33,729 | +€16,729 | +98.4% |
| Accrued charges and deferred income | 492/3 | - | €704 | +€704 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €897 | - | -€897 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,772 | €17,090 | -€7,681 | -31.0% |
| Other operating charges | 640/8 | €1,443 | €5,465 | +€4,022 | +278.6% |
| Non-recurring operating charges | 66A | €589 | - | -€589 | |
| Gross operating margin | 9900 | €70,265 | €68,017 | -€2,248 | -3.2% |
| Operating profit (loss) | 9901 | €42,564 | €45,461 | +€2,897 | +6.8% |
| Financial income | 75/76B | €50 | €500 | +€450 | +903.4% |
| Recurring financial income | 75 | €50 | €500 | +€450 | +903.4% |
| Financial charges | 65/66B | €2,955 | €2,943 | -€12 | -0.4% |
| Recurring financial charges | 65 | €2,955 | €2,943 | -€12 | -0.4% |
| Profit (loss) for the period before taxes | 9903 | €39,658 | €43,017 | +€3,359 | +8.5% |
| Income taxes | 67/77 | €12,038 | €16,064 | +€4,026 | +33.4% |
| Profit (loss) for the period | 9904 | €27,620 | €26,953 | -€667 | -2.4% |
| Profit (loss) for the period to be appropriated | 9905 | €27,620 | €26,953 | -€667 | -2.4% |
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 7 October 2026 via checked.be.