PAGE A PAGE: what changed
Two financial 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
PAGE A PAGE
NACE 47.120, Other non-specialised retail sale
financial year 2026 compared with 2025filed annual accounts (NBB)
Net result for the year
€1,610
2025 · €25,311-€23,701
Equity
€433,550
2025 · €431,940+€1,610
Cash
€106,387
2025 · €151,823-€45,436
Balance sheet total
€747,961
2025 · €823,071-€75,110
Largest movements
Assets
- Cash -€45,436
down €45,436 (-29.9%), from €151,823 to €106,387
mainly Debts after one year (-€56,510) and Investment in fixed assets (net) (-€27,935)
- Receivables within one year -€23,665
down €23,665 (-44.8%), from €52,868 to €29,203
of which Other amounts receivable: -€21,980
Equity and liabilities
- Debts after one year -€56,510
down €56,510 (-24.5%), from €231,036 to €174,526
Income statement
- Gross operating margin -€49,877
down €49,877 (-20.0%), from €249,927 to €200,050
- Staff costs -€16,323
down €16,323 (-11.3%), from €144,600 to €128,277
- Depreciation -€14,314
down €14,314 (-30.0%), from €47,653 to €33,339
- Taxes -€11,032
down €11,032 (-84.3%), from €13,083 to €2,051
From the 2025 result to the 2026 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 2025
€25,311
Gross operating margin
-€49,877
Staff costs
+€16,323
Depreciation
+€14,314
Other operating charges
-€380
Other operating items
-€10,854
Financial income
-€1,578
Financial charges
+€1,529
Taxes
+€11,032
Deferred taxes and other
-€4,210
Result 2026
€1,610
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€47,180
Investment
-€27,935
Financing
-€64,681
Cash 2025
€151,823
From operations (derived)
+€47,180
Net result for the year
+€1,610
Depreciation
+€33,339
Stocks and contracts
+€605
Receivables within one year
+€23,665
Trade debts
-€4,770
Tax, wage and social debts
-€2,097
Other debts
-€4,743
Accrued charges and deferred income
-€429
Investment (derived)
-€27,935
Investment in fixed assets (net)
-€27,935
Financing
-€64,681
Debts after one year
-€56,510
Current portion of long-term debt
-€8,171
Cash 2026
€106,387
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €823,071 | €747,961 | -€75,110 | -9.1% |
| Fixed assets | 21/28 | €476,382 | €470,978 | -€5,404 | -1.1% |
| Tangible fixed assets | 22/27 | €476,053 | €470,649 | -€5,404 | -1.1% |
| Land and buildings | 22 | €472,284 | €467,769 | -€4,515 | -1.0% |
| Furniture and vehicles | 24 | €3,769 | €2,880 | -€889 | -23.6% |
| Financial fixed assets | 28 | €329 | €329 | = | 0.0% |
| Current assets | 29/58 | €346,689 | €276,983 | -€69,706 | -20.1% |
| Stocks and contracts in progress | 3 | €141,998 | €141,393 | -€605 | -0.4% |
| Stocks | 30/36 | €141,998 | €141,393 | -€605 | -0.4% |
| Amounts receivable within one year | 40/41 | €52,868 | €29,203 | -€23,665 | -44.8% |
| Trade receivables | 40 | €2,145 | €460 | -€1,685 | -78.6% |
| Other amounts receivable | 41 | €50,723 | €28,743 | -€21,980 | -43.3% |
| Cash at bank and in hand | 54/58 | €151,823 | €106,387 | -€45,436 | -29.9% |
| Total equity and liabilities | 10/49 | €823,071 | €747,961 | -€75,110 | -9.1% |
| Equity | 10/15 | €431,940 | €433,550 | +€1,610 | +0.4% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €69,802 | €69,802 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,000 | €3,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,000 | €3,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,802 | €1,802 | = | 0.0% |
| Distributable reserves | 133 | €65,000 | €65,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €332,138 | €333,748 | +€1,610 | +0.5% |
| Amounts payable | 17/49 | €391,131 | €314,411 | -€76,720 | -19.6% |
| Amounts payable after more than one year | 17 | €231,036 | €174,526 | -€56,510 | -24.5% |
| Financial debts | 170/4 | €231,036 | €174,526 | -€56,510 | -24.5% |
| Amounts payable within one year | 42/48 | €152,666 | €132,885 | -€19,781 | -13.0% |
| Current portion of amounts payable after more than one year | 42 | €64,681 | €56,510 | -€8,171 | -12.6% |
| Trade debts | 44 | €44,643 | €39,873 | -€4,770 | -10.7% |
| Suppliers | 440/4 | €44,643 | €39,873 | -€4,770 | -10.7% |
| Taxes, remuneration and social security | 45 | €33,748 | €31,651 | -€2,097 | -6.2% |
| Taxes | 450/3 | €9,243 | €9,473 | +€230 | +2.5% |
| Remuneration and social security | 454/9 | €24,505 | €22,178 | -€2,327 | -9.5% |
| Other amounts payable | 47/48 | €9,594 | €4,851 | -€4,743 | -49.4% |
| Accrued charges and deferred income | 492/3 | €7,429 | €7,000 | -€429 | -5.8% |
| Remuneration, social security and pensions | 62 | €144,600 | €128,277 | -€16,323 | -11.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,653 | €33,339 | -€14,314 | -30.0% |
| Other operating charges | 640/8 | €14,597 | €14,977 | +€380 | +2.6% |
| Non-recurring operating charges | 66A | €1,755 | €12,609 | +€10,854 | +618% |
| Gross operating margin | 9900 | €249,927 | €200,050 | -€49,877 | -20.0% |
| Operating profit (loss) | 9901 | €41,322 | €10,848 | -€30,474 | -73.7% |
| Financial income | 75/76B | €1,871 | €293 | -€1,578 | -84.3% |
| Recurring financial income | 75 | €1,871 | €293 | -€1,578 | -84.3% |
| Financial charges | 65/66B | €9,009 | €7,480 | -€1,529 | -17.0% |
| Recurring financial charges | 65 | €9,009 | €7,480 | -€1,529 | -17.0% |
| Profit (loss) for the period before taxes | 9903 | €34,184 | €3,661 | -€30,523 | -89.3% |
| Transfer from deferred taxes | 780 | €4,210 | - | -€4,210 | |
| Income taxes | 67/77 | €13,083 | €2,051 | -€11,032 | -84.3% |
| Profit (loss) for the period | 9904 | €25,311 | €1,610 | -€23,701 | -93.6% |
| Transfer from tax-exempt reserves | 789 | €8,176 | - | -€8,176 | |
| Profit (loss) for the period to be appropriated | 9905 | €33,487 | €1,610 | -€31,877 | -95.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.