RETAIL FACTORY: 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 FACTORY
Largest movements
- Receivables after one year -€2.2m
down €2.2m (-83.7%), from €2.6m to €429,485
- Cash -€302,012
down €302,012 (-99.6%), from €303,241 to €1,229
mainly Net result for the year (-€2.4m) and Current portion of long-term debt (-€100,000)
- Profit (loss) carried forward -€2.4m
down €2.4m (-6,442%), from -€37,858 to -€2.5m
- Current portion of long-term debt -€100,000
down €100,000 (-57.1%), from €175,000 to €75,000
- Other operating charges +€2.4m
up €2.4m (+248,700%), from €968 to €2.4m
- Financial income -€29,778
down €29,778 (-77.2%), from €38,580 to €8,802
- Gross operating margin -€14,139
down €14,139, from €10,501 to -€3,639
- Financial charges -€10,684
down €10,684 (-22.5%), from €47,414 to €36,729
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 | €4,219,679 | €1,714,143 | -€2.5m | -59.4% |
| Fixed assets | 21/28 | €1,279,917 | €1,279,917 | = | 0.0% |
| Financial fixed assets | 28 | €1,279,917 | €1,279,917 | = | 0.0% |
| Current assets | 29/58 | €2,939,762 | €434,226 | -€2.5m | -85.2% |
| Amounts receivable after more than one year | 29 | €2,633,009 | €429,485 | -€2.2m | -83.7% |
| Other amounts receivable | 291 | €2,633,009 | €429,485 | -€2.2m | -83.7% |
| Cash at bank and in hand | 54/58 | €303,241 | €1,229 | -€302,012 | -99.6% |
| Deferred charges and accrued income | 490/1 | €3,512 | €3,512 | = | 0.0% |
| Total equity and liabilities | 10/49 | €4,219,679 | €1,714,143 | -€2.5m | -59.4% |
| Equity | 10/15 | €1,381,142 | -€1,057,614 | -€2.4m | |
| Contributions | 10/11 | €1,290,000 | €1,290,000 | = | 0.0% |
| Reserves | 13 | €129,000 | €129,000 | = | 0.0% |
| Distributable reserves | 133 | €129,000 | €129,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€37,858 | -€2,476,614 | -€2.4m | -6,442% |
| Amounts payable | 17/49 | €2,838,537 | €2,771,756 | -€66,781 | -2.4% |
| Amounts payable after more than one year | 17 | €2,663,537 | €2,696,756 | +€33,219 | +1.2% |
| Financial debts | 170/4 | €2,663,537 | €2,696,756 | +€33,219 | +1.2% |
| Amounts payable within one year | 42/48 | €175,000 | €75,000 | -€100,000 | -57.1% |
| Current portion of amounts payable after more than one year | 42 | €175,000 | €75,000 | -€100,000 | -57.1% |
| Non-recurring operating income | 76A | €15,787 | - | -€15,787 | |
| Other operating charges | 640/8 | €968 | €2,407,189 | +€2.4m | +248,700% |
| Gross operating margin | 9900 | €10,501 | -€3,639 | -€14,139 | |
| Operating profit (loss) | 9901 | €9,533 | -€2,410,827 | -€2.4m | |
| Financial income | 75/76B | €38,580 | €8,802 | -€29,778 | -77.2% |
| Recurring financial income | 75 | €38,580 | €8,802 | -€29,778 | -77.2% |
| Financial charges | 65/66B | €47,414 | €36,729 | -€10,684 | -22.5% |
| Recurring financial charges | 65 | €47,414 | €36,729 | -€10,684 | -22.5% |
| Profit (loss) for the period before taxes | 9903 | €699 | -€2,438,755 | -€2.4m | |
| Profit (loss) for the period | 9904 | €699 | -€2,438,755 | -€2.4m | |
| Profit (loss) for the period to be appropriated | 9905 | €699 | -€2,438,755 | -€2.4m |
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 1 November 2026 via checked.be.