RETAIL PARTNERS: 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 PARTNERS
Largest movements
- Financial fixed assets -€440,944
down €440,944 (-18.5%), from €2.4m to €1.9m
- Tangible fixed assets -€51,073
down €51,073 (-35.3%), from €144,842 to €93,769
of which Furniture and vehicles: -€51,073
- Other debts -€442,107
down €442,107 (-26.5%), from €1.7m to €1.2m
- Debts after one year -€141,500
no longer reported in 2025 (was €141,500)
- Trade debts +€42,310
up €42,310 (+33.1%), from €127,825 to €170,135
- Profit (loss) carried forward +€41,627
up €41,627 (+5.4%), from -€777,361 to -€735,734
- Gross operating margin +€82,149
up €82,149 (+78.8%), from €104,263 to €186,412
- Staff costs +€38,840
up €38,840 (+271%), from €14,342 to €53,182
- Depreciation +€29,797
up €29,797 (+128%), from €23,291 to €53,088
- Financial income +€29,689
up €29,689 (+183%), from €16,232 to €45,921
of which Non-recurring financial income: +€29,698
- Other operating charges +€7,160
up €7,160 (+181%), from €3,952 to €11,112
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 | €2,645,832 | €2,170,888 | -€474,944 | -18.0% |
| Fixed assets | 21/28 | €2,532,382 | €2,040,365 | -€492,017 | -19.4% |
| Tangible fixed assets | 22/27 | €144,842 | €93,769 | -€51,073 | -35.3% |
| Furniture and vehicles | 24 | €136,237 | €85,164 | -€51,073 | -37.5% |
| Other tangible fixed assets | 26 | €8,605 | €8,605 | = | 0.0% |
| Financial fixed assets | 28 | €2,387,540 | €1,946,596 | -€440,944 | -18.5% |
| Current assets | 29/58 | €113,450 | €130,523 | +€17,073 | +15.0% |
| Amounts receivable within one year | 40/41 | €108,569 | €101,479 | -€7,090 | -6.5% |
| Trade receivables | 40 | €107,100 | €101,479 | -€5,622 | -5.2% |
| Other amounts receivable | 41 | €1,469 | - | -€1,469 | |
| Cash at bank and in hand | 54/58 | €3,425 | €24,227 | +€20,803 | +607% |
| Deferred charges and accrued income | 490/1 | €1,456 | €4,817 | +€3,361 | +231% |
| Total equity and liabilities | 10/49 | €2,645,832 | €2,170,888 | -€474,944 | -18.0% |
| Equity | 10/15 | €329,528 | €371,155 | +€41,627 | +12.6% |
| Contributions | 10/11 | €841,931 | €841,931 | = | 0.0% |
| Revaluation surpluses | 12 | €203,602 | €203,602 | = | 0.0% |
| Reserves | 13 | €61,355 | €61,355 | = | 0.0% |
| Distributable reserves | 133 | €61,355 | €61,355 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€777,361 | -€735,734 | +€41,627 | +5.4% |
| Amounts payable | 17/49 | €2,316,304 | €1,799,733 | -€516,571 | -22.3% |
| Amounts payable after more than one year | 17 | €141,500 | - | -€141,500 | |
| Financial debts | 170/4 | €141,500 | - | -€141,500 | |
| Amounts payable within one year | 42/48 | €1,886,751 | €1,510,576 | -€376,175 | -19.9% |
| Financial debts | 43 | €24,349 | €24,982 | +€633 | +2.6% |
| Credit institutions | 430/8 | €24,349 | €24,982 | +€633 | +2.6% |
| Trade debts | 44 | €127,825 | €170,135 | +€42,310 | +33.1% |
| Suppliers | 440/4 | €127,825 | €170,135 | +€42,310 | +33.1% |
| Taxes, remuneration and social security | 45 | €68,658 | €91,647 | +€22,989 | +33.5% |
| Taxes | 450/3 | €68,658 | €78,163 | +€9,505 | +13.8% |
| Remuneration and social security | 454/9 | - | €13,484 | +€13,484 | |
| Other amounts payable | 47/48 | €1,665,919 | €1,223,812 | -€442,107 | -26.5% |
| Accrued charges and deferred income | 492/3 | €288,053 | €289,157 | +€1,104 | +0.4% |
| Non-recurring operating income | 76A | - | €2,000 | +€2,000 | |
| Remuneration, social security and pensions | 62 | €14,342 | €53,182 | +€38,840 | +271% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,291 | €53,088 | +€29,797 | +128% |
| Other operating charges | 640/8 | €3,952 | €11,112 | +€7,160 | +181% |
| Gross operating margin | 9900 | €104,263 | €186,412 | +€82,149 | +78.8% |
| Operating profit (loss) | 9901 | €62,678 | €69,030 | +€6,352 | +10.1% |
| Financial income | 75/76B | €16,232 | €45,921 | +€29,689 | +183% |
| Recurring financial income | 75 | €35 | €26 | -€9 | -25.8% |
| Non-recurring financial income | 76B | €16,198 | €45,895 | +€29,698 | +183% |
| Financial charges | 65/66B | €53,483 | €55,363 | +€1,880 | +3.5% |
| Recurring financial charges | 65 | €53,483 | €55,363 | +€1,880 | +3.5% |
| Profit (loss) for the period before taxes | 9903 | €25,427 | €59,588 | +€34,160 | +134% |
| Income taxes | 67/77 | €11,102 | €17,961 | +€6,859 | +61.8% |
| Profit (loss) for the period | 9904 | €14,325 | €41,627 | +€27,302 | +191% |
| Profit (loss) for the period to be appropriated | 9905 | €14,325 | €41,627 | +€27,302 | +191% |
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 25 October 2026 via checked.be.