RETAIL MANAGEMENT SOLUTIONS: 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 MANAGEMENT SOLUTIONS
Largest movements
- Receivables within one year +€16,083
up €16,083 (+198%), from €8,142 to €24,225
of which Trade receivables: +€15,869
- Current investments -€12,000
down €12,000 (-11.2%), from €107,000 to €95,000
- Tangible fixed assets -€7,309
down €7,309 (-1.6%), from €470,227 to €462,918
of which Furniture and vehicles: -€6,788
- Reserves +€53,122
up €53,122 (+17.1%), from €310,908 to €364,031
of which Distributable reserves: +€54,359
- Debts after one year -€42,499
down €42,499 (-37.6%), from €112,928 to €70,429
of which Financial debts: -€42,499
- Other debts -€31,217
down €31,217 (-100%), from €31,217 to €0
- Tax, wage and social debts +€17,806
up €17,806 (+26.5%), from €67,084 to €84,890
- Gross operating margin -€78,343
down €78,343 (-45.0%), from €173,909 to €95,567
- Taxes -€22,044
down €22,044 (-45.5%), from €48,447 to €26,403
- Depreciation +€5,786
up €5,786 (+380%), from €1,523 to €7,309
- Other operating charges -€5,494
down €5,494 (-80.7%), from €6,805 to €1,311
- Financial charges -€4,960
down €4,960 (-37.6%), from €13,190 to €8,230
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 | €603,996 | €597,450 | -€6,546 | -1.1% |
| Fixed assets | 21/28 | €470,227 | €462,918 | -€7,309 | -1.6% |
| Tangible fixed assets | 22/27 | €470,227 | €462,918 | -€7,309 | -1.6% |
| Land and buildings | 22 | €436,050 | €436,050 | = | 0.0% |
| Plant, machinery and equipment | 23 | €1,789 | €1,267 | -€522 | -29.2% |
| Furniture and vehicles | 24 | €32,389 | €25,601 | -€6,788 | -21.0% |
| Current assets | 29/58 | €133,769 | €134,532 | +€763 | +0.6% |
| Amounts receivable after more than one year | 29 | €15,000 | €9,380 | -€5,620 | -37.5% |
| Trade receivables | 290 | €15,000 | €0 | -€15,000 | -100% |
| Other amounts receivable | 291 | - | €9,380 | +€9,380 | |
| Amounts receivable within one year | 40/41 | €8,142 | €24,225 | +€16,083 | +198% |
| Trade receivables | 40 | €8,095 | €23,964 | +€15,869 | +196% |
| Other amounts receivable | 41 | €47 | €261 | +€214 | +454% |
| Current investments | 50/53 | €107,000 | €95,000 | -€12,000 | -11.2% |
| Cash at bank and in hand | 54/58 | €3,627 | €5,926 | +€2,300 | +63.4% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €603,996 | €597,450 | -€6,546 | -1.1% |
| Equity | 10/15 | €329,508 | €382,631 | +€53,122 | +16.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €310,908 | €364,031 | +€53,122 | +17.1% |
| Tax-exempt reserves | 132 | €7,422 | €6,185 | -€1,237 | -16.7% |
| Distributable reserves | 133 | €303,486 | €357,846 | +€54,359 | +17.9% |
| Provisions and deferred taxes | 16 | €3,656 | €3,046 | -€609 | -16.7% |
| Deferred taxes | 168 | €3,656 | €3,046 | -€609 | -16.7% |
| Amounts payable | 17/49 | €270,832 | €211,773 | -€59,059 | -21.8% |
| Amounts payable after more than one year | 17 | €112,928 | €70,429 | -€42,499 | -37.6% |
| Financial debts | 170/4 | €112,928 | €70,429 | -€42,499 | -37.6% |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €149,304 | €132,744 | -€16,560 | -11.1% |
| Current portion of amounts payable after more than one year | 42 | €40,589 | €42,499 | +€1,910 | +4.7% |
| Trade debts | 44 | €10,414 | €5,355 | -€5,059 | -48.6% |
| Suppliers | 440/4 | €10,414 | €5,355 | -€5,059 | -48.6% |
| Taxes, remuneration and social security | 45 | €67,084 | €84,890 | +€17,806 | +26.5% |
| Taxes | 450/3 | €67,084 | €84,890 | +€17,806 | +26.5% |
| Other amounts payable | 47/48 | €31,217 | €0 | -€31,217 | -100% |
| Accrued charges and deferred income | 492/3 | €8,600 | €8,600 | = | 0.0% |
| Non-recurring operating income | 76A | €154,795 | €0 | -€154,795 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,523 | €7,309 | +€5,786 | +380% |
| Other operating charges | 640/8 | €6,805 | €1,311 | -€5,494 | -80.7% |
| Gross operating margin | 9900 | €173,909 | €95,567 | -€78,343 | -45.0% |
| Operating profit (loss) | 9901 | €165,581 | €86,947 | -€78,634 | -47.5% |
| Financial income | 75/76B | €60 | €199 | +€140 | +233% |
| Recurring financial income | 75 | €60 | €199 | +€140 | +233% |
| Financial charges | 65/66B | €13,190 | €8,230 | -€4,960 | -37.6% |
| Recurring financial charges | 65 | €13,190 | €8,230 | -€4,960 | -37.6% |
| Profit (loss) for the period before taxes | 9903 | €152,451 | €78,916 | -€73,535 | -48.2% |
| Transfer from deferred taxes | 780 | €609 | €609 | = | 0.0% |
| Income taxes | 67/77 | €48,447 | €26,403 | -€22,044 | -45.5% |
| Profit (loss) for the period | 9904 | €104,613 | €53,122 | -€51,491 | -49.2% |
| Transfer from tax-exempt reserves | 789 | €1,237 | €1,237 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €105,850 | €54,359 | -€51,491 | -48.6% |
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 24 October 2026 via checked.be.