Retail Rules: 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 Rules
Largest movements
- Cash +€81,677
up €81,677 (+20.4%), from €401,145 to €482,822
mainly Net result for the year (+€117,230) and Tax, wage and social debts (+€11,023)
- Receivables within one year +€21,202
up €21,202 (+12.8%), from €165,362 to €186,564
of which Other amounts receivable: +€21,333
- Reserves +€96,177
up €96,177 (+15.7%), from €614,011 to €710,188
of which Distributable reserves: +€98,037
- Tax, wage and social debts +€11,023
up €11,023 (+55.5%), from €19,860 to €30,883
of which Taxes: +€10,356
- Gross operating margin +€11,838
up €11,838 (+7.3%), from €163,044 to €174,882
- Taxes +€2,754
up €2,754 (+5.1%), from €54,434 to €57,188
From the 2025 result to the 2026 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
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €654,373 | €761,349 | +€106,976 | +16.3% |
| Fixed assets | 21/28 | €52,610 | €55,999 | +€3,389 | +6.4% |
| Tangible fixed assets | 22/27 | €52,610 | €55,999 | +€3,389 | +6.4% |
| Land and buildings | 22 | €52,610 | €45,173 | -€7,437 | -14.1% |
| Furniture and vehicles | 24 | - | €10,826 | +€10,826 | |
| Current assets | 29/58 | €601,763 | €705,351 | +€103,587 | +17.2% |
| Amounts receivable after more than one year | 29 | €35,000 | €35,000 | = | 0.0% |
| Trade receivables | 290 | €35,000 | €0 | -€35,000 | -100.0% |
| Other amounts receivable | 291 | - | €35,000 | +€35,000 | |
| Amounts receivable within one year | 40/41 | €165,362 | €186,564 | +€21,202 | +12.8% |
| Trade receivables | 40 | €24,440 | €24,309 | -€131 | -0.5% |
| Other amounts receivable | 41 | €140,922 | €162,255 | +€21,333 | +15.1% |
| Cash at bank and in hand | 54/58 | €401,145 | €482,822 | +€81,677 | +20.4% |
| Deferred charges and accrued income | 490/1 | €257 | €964 | +€708 | +275.9% |
| Total equity and liabilities | 10/49 | €654,373 | €761,349 | +€106,976 | +16.3% |
| Equity | 10/15 | €632,611 | €728,788 | +€96,177 | +15.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €614,011 | €710,188 | +€96,177 | +15.7% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100.0% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100.0% |
| Distributable reserves | 133 | €612,151 | €710,188 | +€98,037 | +16.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €21,762 | €32,561 | +€10,799 | +49.6% |
| Amounts payable within one year | 42/48 | €21,762 | €32,461 | +€10,699 | +49.2% |
| Trade debts | 44 | €1,902 | €1,578 | -€324 | -17.1% |
| Suppliers | 440/4 | €1,902 | €1,578 | -€324 | -17.1% |
| Taxes, remuneration and social security | 45 | €19,860 | €30,883 | +€11,023 | +55.5% |
| Taxes | 450/3 | €19,860 | €30,217 | +€10,356 | +52.1% |
| Remuneration and social security | 454/9 | - | €667 | +€667 | |
| Accrued charges and deferred income | 492/3 | - | €100 | +€100 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,938 | €10,570 | +€1,632 | +18.3% |
| Other operating charges | 640/8 | €185 | €1,382 | +€1,196 | +645.3% |
| Gross operating margin | 9900 | €163,044 | €174,882 | +€11,838 | +7.3% |
| Operating profit (loss) | 9901 | €153,921 | €162,931 | +€9,010 | +5.9% |
| Financial income | 75/76B | €10,969 | €11,650 | +€681 | +6.2% |
| Recurring financial income | 75 | €10,969 | €11,650 | +€681 | +6.2% |
| Financial charges | 65/66B | €768 | €162 | -€605 | -78.9% |
| Recurring financial charges | 65 | €768 | €162 | -€605 | -78.9% |
| Profit (loss) for the period before taxes | 9903 | €164,122 | €174,418 | +€10,297 | +6.3% |
| Income taxes | 67/77 | €54,434 | €57,188 | +€2,754 | +5.1% |
| Profit (loss) for the period | 9904 | €109,688 | €117,230 | +€7,542 | +6.9% |
| Profit (loss) for the period to be appropriated | 9905 | €109,688 | €117,230 | +€7,542 | +6.9% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.