PP RETAIL HOLDING: 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.
PP RETAIL HOLDING
Largest movements
- Financial fixed assets -€17.3m
down €17.3m (-33.1%), from €52.3m to €35.0m
- Receivables within one year +€1.6m
up €1.6m (+459%), from €357,468 to €2.0m
- Contributions -€11.3m
down €11.3m (-20.2%), from €55.9m to €44.6m
of which Contributions outside capital: -€11.3m
- Profit (loss) carried forward -€4.8m
down €4.8m (-52.0%), from -€9.3m to -€14.1m
- Other debts +€2.4m
up €2.4m (+4,243%), from €55,501 to €2.4m
- Debts after one year -€1.3m
down €1.3m (-24.1%), from €5.4m to €4.1m
of which Other amounts payable: -€1.3m
- Current portion of long-term debt -€589,362
down €589,362 (-91.4%), from €644,863 to €55,501
- Financial charges +€17.3m
up €17.3m (+5,314%), from €325,314 to €17.6m
of which Non-recurring financial charges: +€17.3m
- Financial income +€3.5m
new in 2026: €3.5m
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.
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.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €52,751,124 | €37,063,447 | -€15.7m | -29.7% |
| Fixed assets | 21/28 | €52,328,384 | €35,000,000 | -€17.3m | -33.1% |
| Financial fixed assets | 28 | €52,328,384 | €35,000,000 | -€17.3m | -33.1% |
| Affiliated companies | 280/1 | €52,328,384 | €35,000,000 | -€17.3m | -33.1% |
| Participating interests | 280 | €52,328,384 | €35,000,000 | -€17.3m | -33.1% |
| Current assets | 29/58 | €422,740 | €2,063,447 | +€1.6m | +388% |
| Amounts receivable after more than one year | 29 | €55,501 | €55,501 | = | 0.0% |
| Other amounts receivable | 291 | €55,501 | €55,501 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €357,468 | €2,000,000 | +€1.6m | +459% |
| Other amounts receivable | 41 | €357,468 | €2,000,000 | +€1.6m | +459% |
| Cash at bank and in hand | 54/58 | €1,463 | €227 | -€1,235 | -84.5% |
| Deferred charges and accrued income | 490/1 | €8,308 | €7,718 | -€590 | -7.1% |
| Total equity and liabilities | 10/49 | €52,751,124 | €37,063,447 | -€15.7m | -29.7% |
| Equity | 10/15 | €46,618,304 | €30,473,042 | -€16.1m | -34.6% |
| Contributions | 10/11 | €55,902,500 | €44,594,500 | -€11.3m | -20.2% |
| Capital | 10 | €248,000 | €248,000 | = | 0.0% |
| Issued capital | 100 | €248,000 | €248,000 | = | 0.0% |
| Contributions outside capital | 11 | €55,654,500 | €44,346,500 | -€11.3m | -20.3% |
| Share premium | 1100/10 | €55,654,500 | €44,346,500 | -€11.3m | -20.3% |
| Reserves | 13 | €24,800 | €24,800 | = | 0.0% |
| Non-distributable reserves | 130/1 | €24,800 | €24,800 | = | 0.0% |
| Legal reserve | 130 | €24,800 | €24,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,308,996 | -€14,146,258 | -€4.8m | -52.0% |
| Amounts payable | 17/49 | €6,132,820 | €6,590,405 | +€457,585 | +7.5% |
| Amounts payable after more than one year | 17 | €5,430,820 | €4,123,115 | -€1.3m | -24.1% |
| Financial debts | 170/4 | €55,501 | €0 | -€55,501 | -100% |
| Subordinated loans | 170 | €55,501 | - | -€55,501 | |
| Other loans | 174 | - | €0 | = | |
| Other amounts payable | 178/9 | €5,375,319 | €4,123,115 | -€1.3m | -23.3% |
| Amounts payable within one year | 42/48 | €702,000 | €2,467,290 | +€1.8m | +251% |
| Current portion of amounts payable after more than one year | 42 | €644,863 | €55,501 | -€589,362 | -91.4% |
| Trade debts | 44 | €1,636 | €1,635 | -€1 | -0.1% |
| Suppliers | 440/4 | €1,636 | €1,635 | -€1 | -0.1% |
| Other amounts payable | 47/48 | €55,501 | €2,410,153 | +€2.4m | +4,243% |
| Operating income | 70/76A | €14 | - | -€14 | |
| Other operating income | 74 | €14 | - | -€14 | |
| Operating charges | 60/66A | €13,267 | €24,213 | +€10,946 | +82.5% |
| Services and other goods | 61 | €12,300 | €23,215 | +€10,915 | +88.7% |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Operating profit (loss) | 9901 | -€13,253 | -€24,213 | -€10,960 | -82.7% |
| Financial income | 75/76B | - | €3,490,000 | +€3.5m | |
| Recurring financial income | 75 | - | €3,490,000 | +€3.5m | |
| Income from financial fixed assets | 750 | - | €3,490,000 | +€3.5m | |
| Financial charges | 65/66B | €325,314 | €17,611,049 | +€17.3m | +5,314% |
| Recurring financial charges | 65 | €325,314 | €282,665 | -€42,650 | -13.1% |
| Debt charges | 650 | €325,314 | €282,665 | -€42,650 | -13.1% |
| Non-recurring financial charges | 66B | - | €17,328,384 | +€17.3m | |
| Profit (loss) for the period before taxes | 9903 | -€338,568 | -€14,145,262 | -€13.8m | -4,078% |
| Profit (loss) for the period | 9904 | -€338,568 | -€14,145,262 | -€13.8m | -4,078% |
| Profit (loss) for the period to be appropriated | 9905 | -€338,568 | -€14,145,262 | -€13.8m | -4,078% |
Source: filed annual accounts (NBB), financial years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.