RETAIL ANS: 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.
RETAIL ANS
Largest movements
- Tangible fixed assets -€61,321
down €61,321 (-2.9%), from €2.1m to €2.1m
- Debts after one year -€275,816
down €275,816 (-20.0%), from €1.4m to €1.1m
- Reserves +€166,058
up €166,058 (+44.1%), from €376,496 to €542,554
of which Distributable reserves: +€159,458
- Current portion of long-term debt +€80,983
up €80,983 (+67.5%), from €120,000 to €200,983
- Write-downs +€21,978
new in 2025: €21,978
- Financial charges -€14,849
down €14,849 (-24.4%), from €60,912 to €46,063
- Gross operating margin +€14,138
up €14,138 (+3.6%), from €390,088 to €404,226
- Financial income -€11,964
down €11,964 (-95.7%), from €12,496 to €532
- Taxes -€6,139
down €6,139 (-10.3%), from €59,355 to €53,216
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,196,115 | €2,171,042 | -€25,074 | -1.1% |
| Fixed assets | 21/28 | €2,125,000 | €2,063,679 | -€61,321 | -2.9% |
| Tangible fixed assets | 22/27 | €2,125,000 | €2,063,679 | -€61,321 | -2.9% |
| Land and buildings | 22 | €2,125,000 | €2,063,679 | -€61,321 | -2.9% |
| Current assets | 29/58 | €71,115 | €107,363 | +€36,248 | +51.0% |
| Amounts receivable within one year | 40/41 | €23,772 | €33,366 | +€9,594 | +40.4% |
| Trade receivables | 40 | €23,772 | €33,366 | +€9,594 | +40.4% |
| Cash at bank and in hand | 54/58 | €47,343 | €67,726 | +€20,383 | +43.1% |
| Deferred charges and accrued income | 490/1 | - | €6,270 | +€6,270 | |
| Total equity and liabilities | 10/49 | €2,196,115 | €2,171,042 | -€25,074 | -1.1% |
| Equity | 10/15 | €442,496 | €608,554 | +€166,058 | +37.5% |
| Contributions | 10/11 | €66,000 | €66,000 | = | 0.0% |
| Capital | 10 | €66,000 | €66,000 | = | 0.0% |
| Issued capital | 100 | €66,000 | €66,000 | = | 0.0% |
| Reserves | 13 | €376,496 | €542,554 | +€166,058 | +44.1% |
| Non-distributable reserves | 130/1 | - | €6,600 | +€6,600 | |
| Legal reserve | 130 | - | €6,600 | +€6,600 | |
| Distributable reserves | 133 | €376,496 | €535,954 | +€159,458 | +42.4% |
| Amounts payable | 17/49 | €1,753,620 | €1,562,488 | -€191,132 | -10.9% |
| Amounts payable after more than one year | 17 | €1,380,000 | €1,104,184 | -€275,816 | -20.0% |
| Financial debts | 170/4 | €1,380,000 | €1,104,184 | -€275,816 | -20.0% |
| Amounts payable within one year | 42/48 | €373,620 | €448,927 | +€75,307 | +20.2% |
| Current portion of amounts payable after more than one year | 42 | €120,000 | €200,983 | +€80,983 | +67.5% |
| Trade debts | 44 | €14,205 | €16,633 | +€2,428 | +17.1% |
| Suppliers | 440/4 | €14,205 | €16,633 | +€2,428 | +17.1% |
| Taxes, remuneration and social security | 45 | €9,235 | €6,611 | -€2,624 | -28.4% |
| Taxes | 450/3 | €9,235 | €6,611 | -€2,624 | -28.4% |
| Other amounts payable | 47/48 | €230,180 | €224,700 | -€5,480 | -2.4% |
| Accrued charges and deferred income | 492/3 | - | €9,377 | +€9,377 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,000 | €75,465 | +€465 | +0.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €21,978 | +€21,978 | |
| Other operating charges | 640/8 | €37,411 | €41,979 | +€4,568 | +12.2% |
| Gross operating margin | 9900 | €390,088 | €404,226 | +€14,138 | +3.6% |
| Operating profit (loss) | 9901 | €277,677 | €264,805 | -€12,872 | -4.6% |
| Financial income | 75/76B | €12,496 | €532 | -€11,964 | -95.7% |
| Recurring financial income | 75 | €12,496 | €532 | -€11,964 | -95.7% |
| Financial charges | 65/66B | €60,912 | €46,063 | -€14,849 | -24.4% |
| Recurring financial charges | 65 | €60,912 | €46,063 | -€14,849 | -24.4% |
| Profit (loss) for the period before taxes | 9903 | €229,261 | €219,274 | -€9,988 | -4.4% |
| Income taxes | 67/77 | €59,355 | €53,216 | -€6,139 | -10.3% |
| Profit (loss) for the period | 9904 | €169,906 | €166,058 | -€3,848 | -2.3% |
| Profit (loss) for the period to be appropriated | 9905 | €169,906 | €166,058 | -€3,848 | -2.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.