RETAIL MAX: what changed
Two fiscal 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 MAX
Largest movements
- Receivables within one year -€4,243
down €4,243 (-58.7%), from €7,228 to €2,985
of which Other amounts receivable: -€3,605
- Deferred charges and accrued income -€317
down €317 (-55.5%), from €572 to €255
- Profit (loss) carried forward -€4,772
down €4,772 (-6.9%), from -€69,461 to -€74,233
- Short-term financial debts +€212
up €212 (+1.5%), from €14,381 to €14,593
- Gross operating margin +€479
up €479 (+22.3%), from -€2,152 to -€1,672
- Financial income -€317
down €317 (-55.5%), from €572 to €255
- Other operating charges +€302
up €302 (+40.8%), from €741 to €1,043
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,800 | €3,240 | -€4,560 | -58.5% |
| Current assets | 29/58 | €7,800 | €3,240 | -€4,560 | -58.5% |
| Amounts receivable within one year | 40/41 | €7,228 | €2,985 | -€4,243 | -58.7% |
| Trade receivables | 40 | €638 | €0 | -€638 | -100.0% |
| Other amounts receivable | 41 | €6,590 | €2,985 | -€3,605 | -54.7% |
| Deferred charges and accrued income | 490/1 | €572 | €255 | -€317 | -55.5% |
| Total equity and liabilities | 10/49 | €7,800 | €3,240 | -€4,560 | -58.5% |
| Equity | 10/15 | -€48,781 | -€53,553 | -€4,772 | -9.8% |
| Contributions | 10/11 | €18,800 | €18,800 | = | 0.0% |
| Reserves | 13 | €1,880 | €1,880 | = | 0.0% |
| Distributable reserves | 133 | €1,880 | €1,880 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€69,461 | -€74,233 | -€4,772 | -6.9% |
| Amounts payable | 17/49 | €56,581 | €56,793 | +€212 | +0.4% |
| Amounts payable after more than one year | 17 | €42,200 | €42,200 | = | 0.0% |
| Financial debts | 170/4 | €42,200 | €42,200 | = | 0.0% |
| Amounts payable within one year | 42/48 | €14,381 | €14,593 | +€212 | +1.5% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €14,381 | €14,593 | +€212 | +1.5% |
| Credit institutions | 430/8 | €14,381 | €14,593 | +€212 | +1.5% |
| Other operating charges | 640/8 | €741 | €1,043 | +€302 | +40.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | -€2,152 | -€1,672 | +€479 | +22.3% |
| Operating profit (loss) | 9901 | -€2,892 | -€2,715 | +€177 | +6.1% |
| Financial income | 75/76B | €572 | €255 | -€317 | -55.5% |
| Recurring financial income | 75 | €572 | €255 | -€317 | -55.5% |
| Financial charges | 65/66B | €2,324 | €2,311 | -€13 | -0.6% |
| Recurring financial charges | 65 | €2,324 | €2,311 | -€13 | -0.6% |
| Profit (loss) for the period before taxes | 9903 | -€4,645 | -€4,772 | -€127 | -2.7% |
| Profit (loss) for the period | 9904 | -€4,645 | -€4,772 | -€127 | -2.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,645 | -€4,772 | -€127 | -2.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.