RETAIL'O: 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'O
Largest movements
- Tangible fixed assets -€158,086
down €158,086 (-2.6%), from €6.1m to €5.9m
- Cash +€86,743
up €86,743 (+158%), from €54,945 to €141,687
mainly Debts after one year (+€1.3m) and Depreciation (+€158,086)
- Debts after one year +€1.3m
new in 2025: €1.3m
- Trade debts -€646,440
down €646,440 (-86.5%), from €747,190 to €100,749
- Profit (loss) carried forward -€486,873
down €486,873 (-20.8%), from -€2.3m to -€2.8m
- Short-term financial debts -€250,000
down €250,000 (-7.4%), from €3.4m to €3.1m
- Gross operating margin -€2.5m
down €2.5m (-93.2%), from €2.7m to €183,880
- Financial charges -€182,920
down €182,920 (-29.2%), from €626,192 to €443,272
- Write-downs -€81,589
down €81,589, from €47,433 to -€34,156
- Taxes +€68,969
new in 2025: €68,969
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 | €8,549,679 | €8,481,933 | -€67,746 | -0.8% |
| Fixed assets | 21/28 | €6,053,059 | €5,894,973 | -€158,086 | -2.6% |
| Intangible fixed assets | 21 | €0 | - | -€0 | |
| Tangible fixed assets | 22/27 | €6,053,059 | €5,894,973 | -€158,086 | -2.6% |
| Land and buildings | 22 | €6,053,059 | €5,894,973 | -€158,086 | -2.6% |
| Current assets | 29/58 | €2,496,620 | €2,586,960 | +€90,340 | +3.6% |
| Amounts receivable within one year | 40/41 | €2,441,676 | €2,440,263 | -€1,412 | -0.1% |
| Trade receivables | 40 | €64,284 | €69,591 | +€5,307 | +8.3% |
| Other amounts receivable | 41 | €2,377,392 | €2,370,672 | -€6,719 | -0.3% |
| Cash at bank and in hand | 54/58 | €54,945 | €141,687 | +€86,743 | +158% |
| Deferred charges and accrued income | 490/1 | - | €5,009 | +€5,009 | |
| Total equity and liabilities | 10/49 | €8,549,679 | €8,481,933 | -€67,746 | -0.8% |
| Equity | 10/15 | -€1,585,301 | -€2,072,174 | -€486,873 | -30.7% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €693,750 | €693,750 | = | 0.0% |
| Distributable reserves | 133 | €693,750 | €693,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,340,551 | -€2,827,424 | -€486,873 | -20.8% |
| Amounts payable | 17/49 | €10,134,980 | €10,554,107 | +€419,127 | +4.1% |
| Amounts payable after more than one year | 17 | - | €1,298,269 | +€1.3m | |
| Financial debts | 170/4 | - | €1,298,269 | +€1.3m | |
| Amounts payable within one year | 42/48 | €10,134,980 | €9,255,839 | -€879,142 | -8.7% |
| Financial debts | 43 | €3,387,500 | €3,137,500 | -€250,000 | -7.4% |
| Credit institutions | 430/8 | €3,387,500 | €3,137,500 | -€250,000 | -7.4% |
| Trade debts | 44 | €747,190 | €100,749 | -€646,440 | -86.5% |
| Suppliers | 440/4 | €747,190 | €100,749 | -€646,440 | -86.5% |
| Taxes, remuneration and social security | 45 | €21,099 | €76,651 | +€55,552 | +263% |
| Taxes | 450/3 | €21,099 | €76,651 | +€55,552 | +263% |
| Other amounts payable | 47/48 | €5,979,192 | €5,940,938 | -€38,254 | -0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €158,086 | €158,086 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €47,433 | -€34,156 | -€81,589 | |
| Other operating charges | 640/8 | €19,633 | €34,674 | +€15,040 | +76.6% |
| Gross operating margin | 9900 | €2,694,996 | €183,880 | -€2.5m | -93.2% |
| Operating profit (loss) | 9901 | €2,469,843 | €25,276 | -€2.4m | -99.0% |
| Financial income | 75/76B | - | €91 | +€91 | |
| Recurring financial income | 75 | - | €91 | +€91 | |
| Financial charges | 65/66B | €626,192 | €443,272 | -€182,920 | -29.2% |
| Recurring financial charges | 65 | €626,192 | €443,272 | -€182,920 | -29.2% |
| Profit (loss) for the period before taxes | 9903 | €1,843,652 | -€417,905 | -€2.3m | |
| Income taxes | 67/77 | - | €68,969 | +€68,969 | |
| Profit (loss) for the period | 9904 | €1,843,652 | -€486,873 | -€2.3m | |
| Profit (loss) for the period to be appropriated | 9905 | €1,843,652 | -€486,873 | -€2.3m |
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 13 October 2026 via checked.be.