PP RETAIL LOGISTICS: 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
PP RETAIL LOGISTICS
NACE 70.200, Business and other management consultancy
financial year 2026 compared with 2025filed annual accounts (NBB)
Net result for the year
€161,875
2025 · €159,668+€2,207
Equity
€430,938
2025 · €269,063+€161,875
Cash
€0
2025 · €0
Balance sheet total
€1.1m
2025 · €883,742+€179,216
Largest movements
Assets
- Receivables within one year +€185,955
up €185,955 (+26.0%), from €714,622 to €900,577
of which Other amounts receivable: +€112,196
- Intangible fixed assets -€13,178
down €13,178 (-35.4%), from €37,258 to €24,081
- Tangible fixed assets +€11,475
up €11,475 (+16.0%), from €71,503 to €82,979
of which Other tangible fixed assets: +€8,110
Equity and liabilities
- Profit (loss) carried forward +€161,875
up €161,875 (+65.1%), from €248,603 to €410,478
- Tax, wage and social debts +€24,392
up €24,392 (+14.0%), from €174,745 to €199,138
of which Remuneration and social security: +€29,777
- Trade debts -€11,167
down €11,167 (-2.7%), from €409,373 to €398,206
Income statement
- Staff costs +€203,573
up €203,573 (+14.3%), from €1.4m to €1.6m
- Turnover +€122,458
up €122,458 (+3.5%), from €3.5m to €3.6m
- Services and other goods -€74,801
down €74,801 (-4.3%), from €1.7m to €1.7m
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
€159,668
Turnover
+€122,458
Other operating income
+€23,968
Goods and materials
-€27,893
Services and other goods
+€74,801
Staff costs
-€203,573
Depreciation
+€8,995
Other operating charges
+€39
Financial income
-€0
Financial charges
-€779
Taxes
+€4,192
Result 2026
€161,875
raises the resultlowers the result
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
+€43,111
Investment
-€45,380
Financing
+€2,269
Cash 2025
€0
From operations (derived)
+€43,111
Net result for the year
+€161,875
Depreciation
+€47,082
Stocks and contracts
+€9,922
Receivables within one year
-€185,955
Deferred charges and accrued income
-€4,885
Trade debts
-€11,167
Tax, wage and social debts
+€24,392
Accrued charges and deferred income
+€1,847
Investment (derived)
-€45,380
Investment in fixed assets (net)
-€45,380
Financing
+€2,269
Short-term financial debts
+€2,269
Cash 2026
€0
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €883,742 | €1,062,958 | +€179,216 | +20.3% |
| Fixed assets | 21/28 | €109,186 | €107,484 | -€1,702 | -1.6% |
| Intangible fixed assets | 21 | €37,258 | €24,081 | -€13,178 | -35.4% |
| Tangible fixed assets | 22/27 | €71,503 | €82,979 | +€11,475 | +16.0% |
| Plant, machinery and equipment | 23 | €52,799 | €59,722 | +€6,923 | +13.1% |
| Furniture and vehicles | 24 | €5,058 | €1,501 | -€3,557 | -70.3% |
| Other tangible fixed assets | 26 | €13,646 | €21,756 | +€8,110 | +59.4% |
| Financial fixed assets | 28 | €425 | €425 | = | 0.0% |
| Other financial fixed assets | 284/8 | €425 | €425 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €425 | €425 | = | 0.0% |
| Current assets | 29/58 | €774,556 | €955,474 | +€180,918 | +23.4% |
| Stocks and contracts in progress | 3 | €52,089 | €42,167 | -€9,922 | -19.0% |
| Stocks | 30/36 | €52,089 | €42,167 | -€9,922 | -19.0% |
| Raw materials and consumables | 30/31 | €52,089 | €42,167 | -€9,922 | -19.0% |
| Amounts receivable within one year | 40/41 | €714,622 | €900,577 | +€185,955 | +26.0% |
| Trade receivables | 40 | €530,640 | €604,399 | +€73,759 | +13.9% |
| Other amounts receivable | 41 | €183,982 | €296,178 | +€112,196 | +61.0% |
| Cash at bank and in hand | 54/58 | €0 | €0 | = | |
| Deferred charges and accrued income | 490/1 | €7,845 | €12,730 | +€4,885 | +62.3% |
| Total equity and liabilities | 10/49 | €883,742 | €1,062,958 | +€179,216 | +20.3% |
| Equity | 10/15 | €269,063 | €430,938 | +€161,875 | +60.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €248,603 | €410,478 | +€161,875 | +65.1% |
| Amounts payable | 17/49 | €614,679 | €632,020 | +€17,341 | +2.8% |
| Amounts payable within one year | 42/48 | €614,679 | €630,173 | +€15,494 | +2.5% |
| Financial debts | 43 | €30,561 | €32,830 | +€2,269 | +7.4% |
| Credit institutions | 430/8 | €30,561 | €32,830 | +€2,269 | +7.4% |
| Trade debts | 44 | €409,373 | €398,206 | -€11,167 | -2.7% |
| Suppliers | 440/4 | €409,373 | €398,206 | -€11,167 | -2.7% |
| Taxes, remuneration and social security | 45 | €174,745 | €199,138 | +€24,392 | +14.0% |
| Taxes | 450/3 | €34,101 | €28,716 | -€5,384 | -15.8% |
| Remuneration and social security | 454/9 | €140,645 | €170,421 | +€29,777 | +21.2% |
| Other amounts payable | 47/48 | €0 | €0 | = | |
| Accrued charges and deferred income | 492/3 | €0 | €1,847 | +€1,847 | |
| Operating income | 70/76A | €3,570,572 | €3,716,998 | +€146,425 | +4.1% |
| Turnover | 70 | €3,478,519 | €3,600,976 | +€122,458 | +3.5% |
| Other operating income | 74 | €92,054 | €116,021 | +€23,968 | +26.0% |
| Operating charges | 60/66A | €3,338,216 | €3,485,847 | +€147,631 | +4.4% |
| Goods for resale, raw materials and consumables | 60 | €113,461 | €141,354 | +€27,893 | +24.6% |
| Purchases | 600/8 | €125,631 | €131,432 | +€5,801 | +4.6% |
| Change in stocks: decrease (increase) | 609 | -€12,171 | €9,922 | +€22,092 | |
| Services and other goods | 61 | €1,746,978 | €1,672,177 | -€74,801 | -4.3% |
| Remuneration, social security and pensions | 62 | €1,420,166 | €1,623,739 | +€203,573 | +14.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,076 | €47,082 | -€8,995 | -16.0% |
| Other operating charges | 640/8 | €1,535 | €1,496 | -€39 | -2.6% |
| Operating profit (loss) | 9901 | €232,357 | €231,151 | -€1,206 | -0.5% |
| Financial income | 75/76B | €0 | €0 | -€0 | -85.7% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -85.7% |
| Other financial income | 752/9 | €0 | €0 | -€0 | -85.7% |
| Financial charges | 65/66B | €6,499 | €7,278 | +€779 | +12.0% |
| Recurring financial charges | 65 | €6,499 | €7,278 | +€779 | +12.0% |
| Debt charges | 650 | €5,660 | €6,439 | +€779 | +13.8% |
| Other financial charges | 652/9 | €839 | €839 | -€0 | -0.1% |
| Profit (loss) for the period before taxes | 9903 | €225,857 | €223,873 | -€1,985 | -0.9% |
| Income taxes | 67/77 | €66,190 | €61,998 | -€4,192 | -6.3% |
| Taxes | 670/3 | €66,190 | €64,145 | -€2,044 | -3.1% |
| Tax adjustments and reversals of tax provisions | 77 | - | €2,148 | +€2,148 | |
| Profit (loss) for the period | 9904 | €159,668 | €161,875 | +€2,207 | +1.4% |
| Profit (loss) for the period to be appropriated | 9905 | €159,668 | €161,875 | +€2,207 | +1.4% |
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 22 October 2026 via checked.be.