RETAIL SERVICES ELOUGES: 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.
What changed
RETAIL SERVICES ELOUGES
NACE 47.110, Non-specialised retail sale with food, beverages or tobacco predominating
fiscal year 2025 against 2026filed annual accounts (NBB)
Net result for the year
€115,573
2025 · €93,368+€22,204
Equity
€142,164
2025 · €136,591+€5,573
Cash
€39,748
2025 · €27,643+€12,106
Balance sheet total
€742,538
2025 · €791,358-€48,820
Largest movements
Assets
- Tangible fixed assets -€43,821
down €43,821 (-10.4%), from €421,216 to €377,396
of which Plant, machinery and equipment: -€67,535
- Cash +€12,106
up €12,106 (+43.8%), from €27,643 to €39,748
mainly Net result for the year (+€115,573) and Depreciation (+€78,007)
- Receivables within one year -€9,513
down €9,513 (-12.1%), from €78,329 to €68,816
of which Trade receivables: -€7,131
Equity and liabilities
- Debts after one year -€58,907
down €58,907 (-46.7%), from €126,137 to €67,230
- Current portion of long-term debt -€28,571
down €28,571 (-32.7%), from €87,478 to €58,907
- Tax, wage and social debts +€21,232
up €21,232 (+35.0%), from €60,687 to €81,919
of which Taxes: +€12,791
Income statement
- Staff costs -€12,889
down €12,889 (-3.3%), from €393,357 to €380,469
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.
Result 2025
€93,368
Gross operating margin
+€2,610
Staff costs
+€12,889
Depreciation
+€3,405
Other operating charges
+€398
Other operating items
+€4,867
Financial income
-€96
Financial charges
+€252
Taxes
-€2,120
Result 2026
€115,573
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.
From operations
+€243,769
Investment
-€34,186
Financing
-€197,478
Cash 2025
€27,643
From operations (derived)
+€243,769
Net result for the year
+€115,573
Depreciation
+€78,007
Stocks and contracts
+€4,289
Receivables within one year
+€9,513
Deferred charges and accrued income
+€3,303
Trade debts
+€5,794
Tax, wage and social debts
+€21,232
Other debts
+€6,523
Accrued charges and deferred income
-€464
Investment (derived)
-€34,186
Investment in fixed assets (net)
-€34,186
Financing
-€197,478
Debts after one year
-€58,907
Current portion of long-term debt
-€28,571
Contributions, distributions and other
-€110,000
Cash 2026
€39,748
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €791,358 | €742,538 | -€48,820 | -6.2% |
| Fixed assets | 21/28 | €422,335 | €378,514 | -€43,821 | -10.4% |
| Tangible fixed assets | 22/27 | €421,216 | €377,396 | -€43,821 | -10.4% |
| Plant, machinery and equipment | 23 | €300,461 | €232,927 | -€67,535 | -22.5% |
| Furniture and vehicles | 24 | €2,024 | €16,201 | +€14,177 | +700.5% |
| Other tangible fixed assets | 26 | €118,731 | €128,268 | +€9,537 | +8.0% |
| Financial fixed assets | 28 | €1,119 | €1,119 | = | 0.0% |
| Current assets | 29/58 | €369,023 | €364,024 | -€4,999 | -1.4% |
| Stocks and contracts in progress | 3 | €247,670 | €243,382 | -€4,289 | -1.7% |
| Stocks | 30/36 | €247,670 | €243,382 | -€4,289 | -1.7% |
| Amounts receivable within one year | 40/41 | €78,329 | €68,816 | -€9,513 | -12.1% |
| Trade receivables | 40 | €68,701 | €61,570 | -€7,131 | -10.4% |
| Other amounts receivable | 41 | €9,628 | €7,245 | -€2,382 | -24.7% |
| Cash at bank and in hand | 54/58 | €27,643 | €39,748 | +€12,106 | +43.8% |
| Deferred charges and accrued income | 490/1 | €15,381 | €12,078 | -€3,303 | -21.5% |
| Total equity and liabilities | 10/49 | €791,358 | €742,538 | -€48,820 | -6.2% |
| Equity | 10/15 | €136,591 | €142,164 | +€5,573 | +4.1% |
| Contributions | 10/11 | €105,500 | €105,500 | = | 0.0% |
| Capital | 10 | €105,500 | €105,500 | = | 0.0% |
| Issued capital | 100 | €105,500 | €105,500 | = | 0.0% |
| Reserves | 13 | €10,550 | €10,550 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,550 | €10,550 | = | 0.0% |
| Legal reserve | 130 | €10,550 | €10,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,541 | €26,114 | +€5,573 | +27.1% |
| Amounts payable | 17/49 | €654,767 | €600,374 | -€54,392 | -8.3% |
| Amounts payable after more than one year | 17 | €126,137 | €67,230 | -€58,907 | -46.7% |
| Financial debts | 170/4 | €126,137 | €67,230 | -€58,907 | -46.7% |
| Amounts payable within one year | 42/48 | €522,870 | €527,848 | +€4,978 | +1.0% |
| Current portion of amounts payable after more than one year | 42 | €87,478 | €58,907 | -€28,571 | -32.7% |
| Trade debts | 44 | €66,137 | €71,931 | +€5,794 | +8.8% |
| Suppliers | 440/4 | €66,137 | €71,931 | +€5,794 | +8.8% |
| Taxes, remuneration and social security | 45 | €60,687 | €81,919 | +€21,232 | +35.0% |
| Taxes | 450/3 | €2,819 | €15,610 | +€12,791 | +453.8% |
| Remuneration and social security | 454/9 | €57,868 | €66,309 | +€8,441 | +14.6% |
| Other amounts payable | 47/48 | €308,569 | €315,092 | +€6,523 | +2.1% |
| Accrued charges and deferred income | 492/3 | €5,760 | €5,296 | -€464 | -8.1% |
| Non-recurring operating income | 76A | €18,500 | €20,853 | +€2,353 | +12.7% |
| Remuneration, social security and pensions | 62 | €393,357 | €380,469 | -€12,889 | -3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €81,412 | €78,007 | -€3,405 | -4.2% |
| Other operating charges | 640/8 | €6,766 | €6,368 | -€398 | -5.9% |
| Non-recurring operating charges | 66A | €4,867 | €0 | -€4,867 | -100.0% |
| Gross operating margin | 9900 | €603,157 | €605,767 | +€2,610 | +0.4% |
| Operating profit (loss) | 9901 | €116,755 | €140,923 | +€24,168 | +20.7% |
| Financial income | 75/76B | €154 | €58 | -€96 | -62.3% |
| Recurring financial income | 75 | €154 | €58 | -€96 | -62.3% |
| Financial charges | 65/66B | €21,549 | €21,297 | -€252 | -1.2% |
| Recurring financial charges | 65 | €21,549 | €21,297 | -€252 | -1.2% |
| Profit (loss) for the period before taxes | 9903 | €95,361 | €119,685 | +€24,324 | +25.5% |
| Income taxes | 67/77 | €1,992 | €4,112 | +€2,120 | +106.4% |
| Profit (loss) for the period | 9904 | €93,368 | €115,573 | +€22,204 | +23.8% |
| Profit (loss) for the period to be appropriated | 9905 | €93,368 | €115,573 | +€22,204 | +23.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.