RETAIL EXPERTISE: 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 EXPERTISE
Largest movements
- Receivables within one year +€34,388
up €34,388, from €0 to €34,388
of which Trade receivables: +€34,383
- Cash -€14,413
down €14,413 (-8.4%), from €172,118 to €157,706
mainly Net result for the year (-€49,875) and Contributions, distributions and other (-€42,000)
- Other debts +€78,913
up €78,913 (+181%), from €43,710 to €122,623
- Profit (loss) carried forward -€49,875
down €49,875, from €40,219 to -€9,655
- Reserves -€42,000
down €42,000 (-95.8%), from €43,860 to €1,860
of which Distributable reserves: -€42,000
- Trade debts +€38,571
up €38,571 (+261%), from €14,786 to €53,357
- Debts after one year -€14,772
down €14,772 (-23.4%), from €63,177 to €48,406
- Gross operating margin -€51,434
down €51,434, from €32,605 to -€18,829
- Taxes +€24,469
up €24,469 (+6,109%), from €401 to €24,869
- Financial charges +€1,769
up €1,769 (+43.4%), from €4,075 to €5,844
- Depreciation -€1,493
down €1,493 (-78.3%), from €1,907 to €414
- Financial income +€698
up €698 (+68.2%), from €1,024 to €1,722
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 | €240,922 | €256,541 | +€15,619 | +6.5% |
| Fixed assets | 21/28 | €5,521 | €3,089 | -€2,432 | -44.0% |
| Tangible fixed assets | 22/27 | €5,521 | €3,089 | -€2,432 | -44.0% |
| Furniture and vehicles | 24 | €5,521 | €194 | -€5,327 | -96.5% |
| Other tangible fixed assets | 26 | - | €2,895 | +€2,895 | |
| Current assets | 29/58 | €235,401 | €253,452 | +€18,051 | +7.7% |
| Amounts receivable within one year | 40/41 | €0 | €34,388 | +€34,388 | |
| Trade receivables | 40 | €0 | €34,383 | +€34,383 | |
| Other amounts receivable | 41 | - | €5 | +€5 | |
| Current investments | 50/53 | €50,532 | €48,399 | -€2,133 | -4.2% |
| Cash at bank and in hand | 54/58 | €172,118 | €157,706 | -€14,413 | -8.4% |
| Deferred charges and accrued income | 490/1 | €12,751 | €12,959 | +€208 | +1.6% |
| Total equity and liabilities | 10/49 | €240,922 | €256,541 | +€15,619 | +6.5% |
| Equity | 10/15 | €102,679 | €10,805 | -€91,875 | -89.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €43,860 | €1,860 | -€42,000 | -95.8% |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €43,860 | €1,860 | -€42,000 | -95.8% |
| Profit (loss) carried forward | 14 | €40,219 | -€9,655 | -€49,875 | |
| Amounts payable | 17/49 | €138,243 | €245,736 | +€107,494 | +77.8% |
| Amounts payable after more than one year | 17 | €63,177 | €48,406 | -€14,772 | -23.4% |
| Financial debts | 170/4 | €63,177 | €48,406 | -€14,772 | -23.4% |
| Amounts payable within one year | 42/48 | €75,058 | €197,331 | +€122,273 | +163% |
| Current portion of amounts payable after more than one year | 42 | €15,289 | €15,974 | +€685 | +4.5% |
| Trade debts | 44 | €14,786 | €53,357 | +€38,571 | +261% |
| Suppliers | 440/4 | €14,786 | €53,357 | +€38,571 | +261% |
| Advances received on contracts in progress | 46 | - | €2,030 | +€2,030 | |
| Taxes, remuneration and social security | 45 | €1,272 | €3,347 | +€2,074 | +163% |
| Taxes | 450/3 | €1,272 | €3,347 | +€2,074 | +163% |
| Other amounts payable | 47/48 | €43,710 | €122,623 | +€78,913 | +181% |
| Accrued charges and deferred income | 492/3 | €8 | €0 | -€8 | -100% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,907 | €414 | -€1,493 | -78.3% |
| Other operating charges | 640/8 | €1,014 | €1,641 | +€627 | +61.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €32,605 | -€18,829 | -€51,434 | |
| Operating profit (loss) | 9901 | €29,685 | -€20,883 | -€50,568 | |
| Financial income | 75/76B | €1,024 | €1,722 | +€698 | +68.2% |
| Recurring financial income | 75 | €1,024 | €1,722 | +€698 | +68.2% |
| Financial charges | 65/66B | €4,075 | €5,844 | +€1,769 | +43.4% |
| Recurring financial charges | 65 | €4,075 | €5,844 | +€1,769 | +43.4% |
| Profit (loss) for the period before taxes | 9903 | €26,634 | -€25,005 | -€51,639 | |
| Income taxes | 67/77 | €401 | €24,869 | +€24,469 | +6,109% |
| Profit (loss) for the period | 9904 | €26,233 | -€49,875 | -€76,108 | |
| Transfer from tax-exempt reserves | 789 | €12,630 | €0 | -€12,630 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €38,863 | -€49,875 | -€88,738 |
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 18 October 2026 via checked.be.