RETAIL COMMUNICATORS: 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 COMMUNICATORS
Largest movements
- Tangible fixed assets +€84,901
up €84,901 (+1512.1%), from €5,615 to €90,516
- Receivables after one year -€37,097
no longer reported in 2025 (was €37,097)
- Receivables within one year -€7,195
down €7,195 (-9.0%), from €79,675 to €72,480
of which Trade receivables: -€6,801
- Debts after one year +€61,934
new in 2025: €61,934
- Contributions -€40,000
down €40,000 (-16.7%), from €240,000 to €200,000
- Trade debts -€19,100
down €19,100 (-54.9%), from €34,779 to €15,678
- Current portion of long-term debt +€18,494
new in 2025: €18,494
- Other debts +€15,820
new in 2025: €15,820
- Financial income +€8,394
up €8,394 (+694.6%), from €1,209 to €9,603
of which Non-recurring financial income: +€9,602
- Gross operating margin -€6,831
down €6,831 (-19.7%), from €34,738 to €27,907
- Depreciation +€2,988
up €2,988 (+33.7%), from €8,855 to €11,843
- Other operating charges -€2,595
down €2,595 (-45.4%), from €5,711 to €3,116
- Financial charges +€1,798
up €1,798 (+30.2%), from €5,960 to €7,757
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 | €124,245 | €165,024 | +€40,780 | +32.8% |
| Fixed assets | 21/28 | €5,615 | €90,516 | +€84,901 | +1512.1% |
| Tangible fixed assets | 22/27 | €5,615 | €90,516 | +€84,901 | +1512.1% |
| Furniture and vehicles | 24 | €5,615 | €90,516 | +€84,901 | +1512.1% |
| Current assets | 29/58 | €118,630 | €74,508 | -€44,122 | -37.2% |
| Amounts receivable after more than one year | 29 | €37,097 | - | -€37,097 | |
| Other amounts receivable | 291 | €37,097 | - | -€37,097 | |
| Amounts receivable within one year | 40/41 | €79,675 | €72,480 | -€7,195 | -9.0% |
| Trade receivables | 40 | €78,997 | €72,196 | -€6,801 | -8.6% |
| Other amounts receivable | 41 | €678 | €284 | -€394 | -58.1% |
| Cash at bank and in hand | 54/58 | €95 | €95 | = | 0.0% |
| Deferred charges and accrued income | 490/1 | €1,763 | €1,933 | +€170 | +9.7% |
| Total equity and liabilities | 10/49 | €124,245 | €165,024 | +€40,780 | +32.8% |
| Equity | 10/15 | €53,225 | €27,495 | -€25,730 | -48.3% |
| Contributions | 10/11 | €240,000 | €200,000 | -€40,000 | -16.7% |
| Profit (loss) carried forward | 14 | -€186,775 | -€172,505 | +€14,270 | +7.6% |
| Amounts payable | 17/49 | €71,020 | €137,529 | +€66,509 | +93.6% |
| Amounts payable after more than one year | 17 | - | €61,934 | +€61,934 | |
| Financial debts | 170/4 | - | €61,934 | +€61,934 | |
| Amounts payable within one year | 42/48 | €71,020 | €75,595 | +€4,575 | +6.4% |
| Current portion of amounts payable after more than one year | 42 | - | €18,494 | +€18,494 | |
| Financial debts | 43 | €29,178 | €22,448 | -€6,730 | -23.1% |
| Other loans | 439 | €29,178 | €22,448 | -€6,730 | -23.1% |
| Trade debts | 44 | €34,779 | €15,678 | -€19,100 | -54.9% |
| Suppliers | 440/4 | €34,779 | €15,678 | -€19,100 | -54.9% |
| Taxes, remuneration and social security | 45 | €7,063 | €3,155 | -€3,908 | -55.3% |
| Taxes | 450/3 | €7,063 | €3,155 | -€3,908 | -55.3% |
| Other amounts payable | 47/48 | - | €15,820 | +€15,820 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,855 | €11,843 | +€2,988 | +33.7% |
| Other operating charges | 640/8 | €5,711 | €3,116 | -€2,595 | -45.4% |
| Gross operating margin | 9900 | €34,738 | €27,907 | -€6,831 | -19.7% |
| Operating profit (loss) | 9901 | €20,172 | €12,948 | -€7,224 | -35.8% |
| Financial income | 75/76B | €1,209 | €9,603 | +€8,394 | +694.6% |
| Recurring financial income | 75 | €1,209 | €1 | -€1,208 | -99.9% |
| Non-recurring financial income | 76B | - | €9,602 | +€9,602 | |
| Financial charges | 65/66B | €5,960 | €7,757 | +€1,798 | +30.2% |
| Recurring financial charges | 65 | €5,960 | €7,757 | +€1,798 | +30.2% |
| Profit (loss) for the period before taxes | 9903 | €15,421 | €14,794 | -€627 | -4.1% |
| Income taxes | 67/77 | €638 | €523 | -€114 | -17.9% |
| Profit (loss) for the period | 9904 | €14,783 | €14,270 | -€513 | -3.5% |
| Profit (loss) for the period to be appropriated | 9905 | €14,783 | €14,270 | -€513 | -3.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.