OUTLETBELGIUM: what changed
OUTLETBELGIUM
Largest movements
- Tangible fixed assets +€108,795
up €108,795 (+80.1%), from €135,894 to €244,689
of which Other tangible fixed assets: +€56,127
- Cash -€73,941
down €73,941 (-31.8%), from €232,756 to €158,815
mainly Investment in fixed assets (net) (-€163,234) and Provisions (-€121,880)
- Receivables within one year +€66,712
up €66,712 (+43.1%), from €154,906 to €221,618
of which Other amounts receivable: +€44,750
- Stocks and contracts +€19,730
up €19,730 (+21.5%), from €91,852 to €111,582
- Reserves +€121,880
up €121,880 (+6,553%), from €1,860 to €123,740
of which Distributable reserves: +€121,880
- Provisions -€121,880
no longer reported in 2025 (was €121,880)
- Debts after one year +€92,268
up €92,268 (+165%), from €55,880 to €148,149
- Current portion of long-term debt +€34,746
up €34,746 (+282%), from €12,306 to €47,052
- Trade debts -€34,631
down €34,631 (-18.5%), from €186,923 to €152,293
- Taxes +€27,365
up €27,365 (+158%), from €17,346 to €44,711
- Gross operating margin +€16,173
up €16,173 (+7.8%), from €206,203 to €222,376
- Depreciation +€11,828
up €11,828 (+27.8%), from €42,611 to €54,439
- Staff costs +€7,884
up €7,884 (+9.1%), from €86,428 to €94,313
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €618,832 | €739,445 | +€120,613 | +19.5% |
| Fixed assets | 21/28 | €135,894 | €244,689 | +€108,795 | +80.1% |
| Tangible fixed assets | 22/27 | €135,894 | €244,689 | +€108,795 | +80.1% |
| Plant, machinery and equipment | 23 | €38,346 | €45,701 | +€7,355 | +19.2% |
| Furniture and vehicles | 24 | €14,887 | €4,632 | -€10,255 | -68.9% |
| Leasing and similar rights | 25 | €10,767 | €66,335 | +€55,568 | +516% |
| Other tangible fixed assets | 26 | €71,894 | €128,021 | +€56,127 | +78.1% |
| Current assets | 29/58 | €482,938 | €494,756 | +€11,818 | +2.4% |
| Stocks and contracts in progress | 3 | €91,852 | €111,582 | +€19,730 | +21.5% |
| Stocks | 30/36 | €91,852 | €111,582 | +€19,730 | +21.5% |
| Amounts receivable within one year | 40/41 | €154,906 | €221,618 | +€66,712 | +43.1% |
| Trade receivables | 40 | €64,049 | €86,012 | +€21,963 | +34.3% |
| Other amounts receivable | 41 | €90,857 | €135,607 | +€44,750 | +49.3% |
| Cash at bank and in hand | 54/58 | €232,756 | €158,815 | -€73,941 | -31.8% |
| Deferred charges and accrued income | 490/1 | €3,424 | €2,740 | -€683 | -20.0% |
| Total equity and liabilities | 10/49 | €618,832 | €739,445 | +€120,613 | +19.5% |
| Equity | 10/15 | €173,716 | €316,308 | +€142,591 | +82.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €123,740 | +€121,880 | +6,553% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | - | €121,880 | +€121,880 | |
| Profit (loss) carried forward | 14 | €153,256 | €173,968 | +€20,711 | +13.5% |
| Provisions and deferred taxes | 16 | €121,880 | - | -€121,880 | |
| Provisions for liabilities and charges | 160/5 | €121,880 | - | -€121,880 | |
| Other liabilities and charges | 164/5 | €121,880 | - | -€121,880 | |
| Amounts payable | 17/49 | €323,236 | €423,138 | +€99,902 | +30.9% |
| Amounts payable after more than one year | 17 | €55,880 | €148,149 | +€92,268 | +165% |
| Financial debts | 170/4 | €55,880 | €148,149 | +€92,268 | +165% |
| Amounts payable within one year | 42/48 | €267,356 | €274,989 | +€7,633 | +2.9% |
| Current portion of amounts payable after more than one year | 42 | €12,306 | €47,052 | +€34,746 | +282% |
| Trade debts | 44 | €186,923 | €152,293 | -€34,631 | -18.5% |
| Suppliers | 440/4 | €186,923 | €152,293 | -€34,631 | -18.5% |
| Advances received on contracts in progress | 46 | €6,939 | €6,903 | -€36 | -0.5% |
| Taxes, remuneration and social security | 45 | €61,187 | €68,741 | +€7,554 | +12.3% |
| Taxes | 450/3 | €40,281 | €43,541 | +€3,260 | +8.1% |
| Remuneration and social security | 454/9 | €20,906 | €25,200 | +€4,294 | +20.5% |
| Remuneration, social security and pensions | 62 | €86,428 | €94,313 | +€7,884 | +9.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,611 | €54,439 | +€11,828 | +27.8% |
| Other operating charges | 640/8 | €4,155 | €3,582 | -€573 | -13.8% |
| Gross operating margin | 9900 | €206,203 | €222,376 | +€16,173 | +7.8% |
| Operating profit (loss) | 9901 | €73,008 | €70,042 | -€2,966 | -4.1% |
| Financial income | 75/76B | €1,263 | €2,677 | +€1,414 | +112% |
| Recurring financial income | 75 | €1,263 | €2,677 | +€1,414 | +112% |
| Financial charges | 65/66B | €6,215 | €7,297 | +€1,082 | +17.4% |
| Recurring financial charges | 65 | €6,215 | €7,297 | +€1,082 | +17.4% |
| Profit (loss) for the period before taxes | 9903 | €68,056 | €65,422 | -€2,634 | -3.9% |
| Income taxes | 67/77 | €17,346 | €44,711 | +€27,365 | +158% |
| Profit (loss) for the period | 9904 | €50,710 | €20,711 | -€29,998 | -59.2% |
| Profit (loss) for the period to be appropriated | 9905 | €50,710 | €20,711 | -€29,998 | -59.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.