RETAIL DISTRIBUTION CONCEPTS: what changed
What changed
RETAIL DISTRIBUTION CONCEPTS
NACE 47.721, Retail sale of footwear
filed annual accounts (NBB)
Net result for the year
-€2.7m
2024 · -€2.3m-€375,818
Equity
€15.3m
2024 · €18.0m-€2.7m
Cash
€2.0m
2024 · €3.1m-€1.1m
Balance sheet total
€21.2m
2024 · €22.7m-€1.4m
Largest movements
Assets
- Stocks and contracts +€1.3m
up €1.3m (+10.9%), from €11.5m to €12.8m
- Current investments -€1.2m
down €1.2m (-100.0%), from €1.2m to €372
- Cash -€1.1m
down €1.1m (-34.7%), from €3.1m to €2.0m
mainly Net result for the year (-€2.7m) and Stocks and contracts (-€1.3m)
- Receivables within one year -€753,647
down €753,647 (-23.4%), from €3.2m to €2.5m
of which Trade receivables: -€732,637
- Deferred charges and accrued income +€284,634
up €284,634 (+30.2%), from €942,993 to €1.2m
Equity and liabilities
- Profit (loss) carried forward -€2.7m
down €2.7m (-25.0%), from -€10.9m to -€13.6m
- Trade debts +€2.0m
up €2.0m (+86.9%), from €2.3m to €4.3m
- Provisions -€451,826
down €451,826 (-44.6%), from €1.0m to €561,625
Income statement
- Turnover -€4.7m
down €4.7m (-10.3%), from €45.6m to €40.9m
- Goods and materials -€2.2m
down €2.2m (-9.1%), from €24.1m to €21.9m
of which Change in stocks: decrease (increase): -€2.8m
- Services and other goods -€1.2m
down €1.2m (-5.4%), from €22.5m to €21.3m
- Write-downs -€565,924
down €565,924, from €442,224 to -€123,700
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€2.3m
Turnover
-€4.7m
Other operating income
-€50,058
Goods and materials
+€2.2m
Services and other goods
+€1.2m
Staff costs
+€106,977
Depreciation
-€137,077
Write-downs
+€565,924
Provisions
+€260,600
Other operating charges
+€267,265
Other operating items
-€392,721
Financial income
+€327,151
Financial charges
-€43,015
Taxes
-€18,358
Result 2025
-€2.7m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€1.1m
Investment
+€63,138
Financing
-€49,595
Cash 2024
€3.1m
From operations (derived)
-€1.1m
Net result for the year
-€2.7m
Depreciation
+€1.1m
Stocks and contracts
-€1.3m
Receivables within one year
+€753,647
Deferred charges and accrued income
-€284,634
Provisions
-€451,826
Trade debts
+€2.0m
Tax, wage and social debts
-€116,285
Other debts
+€2,330
Accrued charges and deferred income
-€120,851
Investment (derived)
+€63,138
Investment in fixed assets (net)
-€1.2m
Current investments
+€1.2m
Financing
-€49,595
Debts after one year
-€49,595
Cash 2025
€2.0m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €22,663,482 | €21,226,633 | -€1.4m | -6.3% |
| Fixed assets | 21/28 | €2,684,200 | €2,743,080 | +€58,880 | +2.2% |
| Intangible fixed assets | 21 | €540,503 | €506,977 | -€33,526 | -6.2% |
| Tangible fixed assets | 22/27 | €2,097,053 | €2,192,490 | +€95,437 | +4.6% |
| Plant, machinery and equipment | 23 | €105,475 | €162,458 | +€56,983 | +54.0% |
| Furniture and vehicles | 24 | €64,355 | €50,987 | -€13,368 | -20.8% |
| Other tangible fixed assets | 26 | €1,916,253 | €1,964,646 | +€48,393 | +2.5% |
| Assets under construction and advance payments | 27 | €10,971 | €14,400 | +€3,429 | +31.3% |
| Financial fixed assets | 28 | €46,644 | €43,613 | -€3,032 | -6.5% |
| Other financial fixed assets | 284/8 | €46,644 | €43,613 | -€3,032 | -6.5% |
| Amounts receivable and cash guarantees | 285/8 | €46,644 | €43,613 | -€3,032 | -6.5% |
| Current assets | 29/58 | €19,979,282 | €18,483,553 | -€1.5m | -7.5% |
| Stocks and contracts in progress | 3 | €11,528,547 | €12,787,945 | +€1.3m | +10.9% |
| Stocks | 30/36 | €11,528,547 | €12,787,945 | +€1.3m | +10.9% |
| Goods purchased for resale | 34 | €11,528,547 | €12,787,945 | +€1.3m | +10.9% |
| Amounts receivable within one year | 40/41 | €3,219,115 | €2,465,468 | -€753,647 | -23.4% |
| Trade receivables | 40 | €1,596,506 | €863,869 | -€732,637 | -45.9% |
| Other amounts receivable | 41 | €1,622,609 | €1,601,600 | -€21,010 | -1.3% |
| Current investments | 50/53 | €1,223,195 | €372 | -€1.2m | -100.0% |
| Other investments | 51/53 | €1,223,195 | €372 | -€1.2m | -100.0% |
| Cash at bank and in hand | 54/58 | €3,065,432 | €2,002,141 | -€1.1m | -34.7% |
| Deferred charges and accrued income | 490/1 | €942,993 | €1,227,627 | +€284,634 | +30.2% |
| Total equity and liabilities | 10/49 | €22,663,482 | €21,226,633 | -€1.4m | -6.3% |
| Equity | 10/15 | €18,019,624 | €15,302,358 | -€2.7m | -15.1% |
| Contributions | 10/11 | €2,360,000 | €2,360,000 | = | 0.0% |
| Reserves | 13 | €26,511,708 | €26,511,708 | = | 0.0% |
| Non-distributable reserves | 130/1 | €236,248 | €236,248 | = | 0.0% |
| Reserves not available under the articles | 1311 | €236,248 | €236,248 | = | 0.0% |
| Distributable reserves | 133 | €26,275,461 | €26,275,461 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,852,084 | -€13,569,350 | -€2.7m | -25.0% |
| Provisions and deferred taxes | 16 | €1,013,451 | €561,625 | -€451,826 | -44.6% |
| Provisions for liabilities and charges | 160/5 | €1,013,451 | €561,625 | -€451,826 | -44.6% |
| Other liabilities and charges | 164/5 | €1,013,451 | €561,625 | -€451,826 | -44.6% |
| Amounts payable | 17/49 | €3,630,407 | €5,362,650 | +€1.7m | +47.7% |
| Amounts payable after more than one year | 17 | €575,611 | €526,016 | -€49,595 | -8.6% |
| Other amounts payable | 178/9 | €575,611 | €526,016 | -€49,595 | -8.6% |
| Amounts payable within one year | 42/48 | €2,876,993 | €4,779,683 | +€1.9m | +66.1% |
| Trade debts | 44 | €2,319,762 | €4,336,407 | +€2.0m | +86.9% |
| Suppliers | 440/4 | €2,319,762 | €4,336,407 | +€2.0m | +86.9% |
| Taxes, remuneration and social security | 45 | €430,618 | €314,333 | -€116,285 | -27.0% |
| Taxes | 450/3 | €378,822 | €259,303 | -€119,519 | -31.6% |
| Remuneration and social security | 454/9 | €51,796 | €55,030 | +€3,234 | +6.2% |
| Other amounts payable | 47/48 | €126,613 | €128,943 | +€2,330 | +1.8% |
| Accrued charges and deferred income | 492/3 | €177,802 | €56,951 | -€120,851 | -68.0% |
| Operating income | 70/76A | €46,070,809 | €41,360,021 | -€4.7m | -10.2% |
| Turnover | 70 | €45,599,003 | €40,922,352 | -€4.7m | -10.3% |
| Other operating income | 74 | €469,727 | €419,669 | -€50,058 | -10.7% |
| Non-recurring operating income | 76A | €2,079 | €18,000 | +€15,921 | +766% |
| Operating charges | 60/66A | €48,985,805 | €44,916,613 | -€4.1m | -8.3% |
| Goods for resale, raw materials and consumables | 60 | €24,095,389 | €21,893,264 | -€2.2m | -9.1% |
| Purchases | 600/8 | €22,453,969 | €23,028,962 | +€574,993 | +2.6% |
| Change in stocks: decrease (increase) | 609 | €1,641,420 | -€1,135,698 | -€2.8m | |
| Services and other goods | 61 | €22,539,740 | €21,327,720 | -€1.2m | -5.4% |
| Remuneration, social security and pensions | 62 | €586,245 | €479,267 | -€106,977 | -18.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €963,728 | €1,100,805 | +€137,077 | +14.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €442,224 | -€123,700 | -€565,924 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€191,226 | -€451,826 | -€260,600 | -136% |
| Other operating charges | 640/8 | €548,315 | €281,050 | -€267,265 | -48.7% |
| Non-recurring operating charges | 66A | €1,390 | €410,032 | +€408,642 | +29,403% |
| Operating profit (loss) | 9901 | -€2,914,996 | -€3,556,592 | -€641,596 | -22.0% |
| Financial income | 75/76B | €653,116 | €980,267 | +€327,151 | +50.1% |
| Recurring financial income | 75 | €653,116 | €980,267 | +€327,151 | +50.1% |
| Income from current assets | 751 | €53,269 | €412,137 | +€358,868 | +674% |
| Other financial income | 752/9 | €599,847 | €568,129 | -€31,717 | -5.3% |
| Financial charges | 65/66B | €90,059 | €133,074 | +€43,015 | +47.8% |
| Recurring financial charges | 65 | €90,059 | €133,074 | +€43,015 | +47.8% |
| Debt charges | 650 | €2,155 | €9,031 | +€6,876 | +319% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | €7,081 | €0 | -€7,081 | -100% |
| Other financial charges | 652/9 | €80,824 | €124,044 | +€43,220 | +53.5% |
| Profit (loss) for the period before taxes | 9903 | -€2,351,939 | -€2,709,399 | -€357,460 | -15.2% |
| Income taxes | 67/77 | -€10,491 | €7,867 | +€18,358 | |
| Taxes | 670/3 | €1,114 | €7,867 | +€6,753 | +606% |
| Tax adjustments and reversals of tax provisions | 77 | €11,605 | €0 | -€11,605 | -100% |
| Profit (loss) for the period | 9904 | -€2,341,448 | -€2,717,266 | -€375,818 | -16.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,341,448 | -€2,717,266 | -€375,818 | -16.1% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.