RETAIL BRUSSELS: 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 BRUSSELS
Largest movements
- Financial fixed assets +€360,000
up €360,000 (+14.5%), from €2.5m to €2.8m
- Current portion of long-term debt +€235,713
new in 2025: €235,713
- Debts after one year +€106,404
up €106,404 (+3.3%), from €3.3m to €3.4m
of which Other amounts payable: +€362,309
- Accrued charges and deferred income +€60,530
up €60,530 (+510%), from €11,859 to €72,388
- Profit (loss) carried forward -€57,853
down €57,853, from €5,963 to -€51,890
- Financial charges +€53,956
up €53,956 (+78.8%), from €68,469 to €122,425
- Gross operating margin +€5,047
up €5,047 (+6.8%), from €74,061 to €79,108
- Financial income +€1,177
up €1,177 (+9.5%), from €12,386 to €13,563
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.
Derived cash bridge
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 | €3,350,111 | €3,695,154 | +€345,043 | +10.3% |
| Fixed assets | 21/28 | €3,280,265 | €3,617,477 | +€337,212 | +10.3% |
| Tangible fixed assets | 22/27 | €805,265 | €782,477 | -€22,788 | -2.8% |
| Land and buildings | 22 | €805,265 | €782,477 | -€22,788 | -2.8% |
| Financial fixed assets | 28 | €2,475,000 | €2,835,000 | +€360,000 | +14.5% |
| Current assets | 29/58 | €69,846 | €77,677 | +€7,831 | +11.2% |
| Amounts receivable within one year | 40/41 | €2,108 | €43 | -€2,064 | -97.9% |
| Trade receivables | 40 | €2,108 | €43 | -€2,064 | -97.9% |
| Cash at bank and in hand | 54/58 | €559 | €1,145 | +€587 | +105% |
| Deferred charges and accrued income | 490/1 | €67,180 | €76,488 | +€9,309 | +13.9% |
| Total equity and liabilities | 10/49 | €3,350,111 | €3,695,154 | +€345,043 | +10.3% |
| Equity | 10/15 | €69,355 | €11,503 | -€57,853 | -83.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €1,393 | €1,393 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,393 | €1,393 | = | 0.0% |
| Legal reserve | 130 | €1,393 | €1,393 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,963 | -€51,890 | -€57,853 | |
| Amounts payable | 17/49 | €3,280,756 | €3,683,651 | +€402,896 | +12.3% |
| Amounts payable after more than one year | 17 | €3,263,889 | €3,370,293 | +€106,404 | +3.3% |
| Financial debts | 170/4 | €900,000 | €644,096 | -€255,904 | -28.4% |
| Other amounts payable | 178/9 | €2,363,889 | €2,726,198 | +€362,309 | +15.3% |
| Amounts payable within one year | 42/48 | €5,008 | €240,970 | +€235,962 | +4,712% |
| Current portion of amounts payable after more than one year | 42 | - | €235,713 | +€235,713 | |
| Trade debts | 44 | €5,008 | €5,257 | +€249 | +5.0% |
| Suppliers | 440/4 | €5,008 | €5,257 | +€249 | +5.0% |
| Accrued charges and deferred income | 492/3 | €11,859 | €72,388 | +€60,530 | +510% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,788 | €22,788 | = | 0.0% |
| Other operating charges | 640/8 | €5,140 | €5,312 | +€172 | +3.3% |
| Gross operating margin | 9900 | €74,061 | €79,108 | +€5,047 | +6.8% |
| Operating profit (loss) | 9901 | €46,134 | €51,009 | +€4,875 | +10.6% |
| Financial income | 75/76B | €12,386 | €13,563 | +€1,177 | +9.5% |
| Recurring financial income | 75 | €12,386 | €13,563 | +€1,177 | +9.5% |
| Financial charges | 65/66B | €68,469 | €122,425 | +€53,956 | +78.8% |
| Recurring financial charges | 65 | €68,469 | €122,425 | +€53,956 | +78.8% |
| Profit (loss) for the period before taxes | 9903 | -€9,949 | -€57,853 | -€47,904 | -482% |
| Profit (loss) for the period | 9904 | -€9,949 | -€57,853 | -€47,904 | -482% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,949 | -€57,853 | -€47,904 | -482% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.