OURAGAN FACTOR: 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
OURAGAN FACTOR
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
€1.8m
2024 · €1.2m+€604,304
Equity
€42.3m
2024 · €40.4m+€1.8m
Cash
€180,455
2024 · €82,958+€97,497
Balance sheet total
€60.6m
2024 · €63.3m-€2.8m
Largest movements
Assets
- Tangible fixed assets -€2.7m
down €2.7m (-4.9%), from €54.1m to €51.4m
Equity and liabilities
- Other debts -€4.2m
down €4.2m (-24.6%), from €17.1m to €12.9m
- Profit (loss) carried forward +€2.7m
up €2.7m (+10.1%), from €27.2m to €29.9m
- Reserves -€906,667
down €906,667 (-6.9%), from €13.0m to €12.1m
of which Tax-exempt reserves: -€906,667
Income statement
- Gross operating margin +€622,461
up €622,461 (+10.2%), from €6.1m to €6.7m
- Taxes +€202,278
up €202,278 (+28.0%), from €721,642 to €923,920
- Financial charges -€169,721
down €169,721 (-22.5%), from €754,638 to €584,917
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
€1.2m
Gross operating margin
+€622,461
Staff costs
-€5,874
Depreciation
-€30,336
Other operating charges
-€22,110
Other operating items
+€72,720
Financial charges
+€169,721
Taxes
-€202,278
Result 2025
€1.8m
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
+€530,585
Investment
-€433,089
Financing
+€1
Cash 2024
€82,958
From operations (derived)
+€530,585
Net result for the year
+€1.8m
Depreciation
+€3.1m
Receivables within one year
-€160,000
Deferred charges and accrued income
+€358,764
Provisions
-€302,222
Trade debts
+€640
Tax, wage and social debts
+€107,006
Other debts
-€4.2m
Accrued charges and deferred income
-€186,281
Investment (derived)
-€433,089
Investment in fixed assets (net)
-€433,089
Financing
+€1
Contributions, distributions and other
+€1
Cash 2025
€180,455
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €63,345,455 | €60,574,111 | -€2.8m | -4.4% |
| Fixed assets | 21/28 | €54,789,429 | €52,119,352 | -€2.7m | -4.9% |
| Tangible fixed assets | 22/27 | €54,076,957 | €51,406,880 | -€2.7m | -4.9% |
| Land and buildings | 22 | €54,076,957 | €51,406,880 | -€2.7m | -4.9% |
| Financial fixed assets | 28 | €712,472 | €712,472 | = | 0.0% |
| Current assets | 29/58 | €8,556,026 | €8,454,759 | -€101,267 | -1.2% |
| Amounts receivable within one year | 40/41 | €6,390,000 | €6,550,000 | +€160,000 | +2.5% |
| Other amounts receivable | 41 | €6,390,000 | €6,550,000 | +€160,000 | +2.5% |
| Cash at bank and in hand | 54/58 | €82,958 | €180,455 | +€97,497 | +117.5% |
| Deferred charges and accrued income | 490/1 | €2,083,068 | €1,724,304 | -€358,764 | -17.2% |
| Total equity and liabilities | 10/49 | €63,345,455 | €60,574,111 | -€2.8m | -4.4% |
| Equity | 10/15 | €40,423,993 | €42,250,963 | +€1.8m | +4.5% |
| Contributions | 10/11 | €198,315 | €198,315 | = | 0.0% |
| Capital | 10 | €198,315 | €198,315 | = | 0.0% |
| Issued capital | 100 | €198,315 | €198,315 | = | 0.0% |
| Reserves | 13 | €13,045,603 | €12,138,936 | -€906,667 | -6.9% |
| Non-distributable reserves | 130/1 | €19,831 | €19,831 | = | 0.0% |
| Legal reserve | 130 | €19,831 | €19,831 | = | 0.0% |
| Tax-exempt reserves | 132 | €12,278,691 | €11,372,024 | -€906,667 | -7.4% |
| Distributable reserves | 133 | €747,081 | €747,081 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,180,075 | €29,913,712 | +€2.7m | +10.1% |
| Provisions and deferred taxes | 16 | €4,092,897 | €3,790,675 | -€302,222 | -7.4% |
| Deferred taxes | 168 | €4,092,897 | €3,790,675 | -€302,222 | -7.4% |
| Amounts payable | 17/49 | €18,828,565 | €14,532,473 | -€4.3m | -22.8% |
| Amounts payable within one year | 42/48 | €17,442,728 | €13,332,917 | -€4.1m | -23.6% |
| Trade debts | 44 | €13,122 | €13,762 | +€640 | +4.9% |
| Suppliers | 440/4 | €13,122 | €13,762 | +€640 | +4.9% |
| Taxes, remuneration and social security | 45 | €297,899 | €404,905 | +€107,006 | +35.9% |
| Taxes | 450/3 | €297,040 | €404,006 | +€106,966 | +36.0% |
| Remuneration and social security | 454/9 | €859 | €899 | +€40 | +4.7% |
| Other amounts payable | 47/48 | €17,131,707 | €12,914,250 | -€4.2m | -24.6% |
| Accrued charges and deferred income | 492/3 | €1,385,837 | €1,199,556 | -€186,281 | -13.4% |
| Remuneration, social security and pensions | 62 | €153,977 | €159,851 | +€5,874 | +3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,072,830 | €3,103,166 | +€30,336 | +1.0% |
| Other operating charges | 640/8 | €403,826 | €425,936 | +€22,110 | +5.5% |
| Non-recurring operating charges | 66A | €72,720 | - | -€72,720 | |
| Gross operating margin | 9900 | €6,100,076 | €6,722,537 | +€622,461 | +10.2% |
| Operating profit (loss) | 9901 | €2,396,723 | €3,033,584 | +€636,861 | +26.6% |
| Financial charges | 65/66B | €754,638 | €584,917 | -€169,721 | -22.5% |
| Recurring financial charges | 65 | €754,638 | €584,917 | -€169,721 | -22.5% |
| Profit (loss) for the period before taxes | 9903 | €1,642,085 | €2,448,667 | +€806,582 | +49.1% |
| Transfer from deferred taxes | 780 | €302,222 | €302,222 | = | 0.0% |
| Income taxes | 67/77 | €721,642 | €923,920 | +€202,278 | +28.0% |
| Profit (loss) for the period | 9904 | €1,222,665 | €1,826,969 | +€604,304 | +49.4% |
| Transfer from tax-exempt reserves | 789 | €906,667 | €906,667 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,129,332 | €2,733,636 | +€604,304 | +28.4% |
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 4 October 2026 via checked.be.