RETAIL SERVICES KAIN: 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 SERVICES KAIN
Largest movements
- Receivables within one year +€72,510
up €72,510 (+74.5%), from €97,306 to €169,816
of which Other amounts receivable: +€64,884
- Tangible fixed assets -€68,320
down €68,320 (-17.7%), from €385,747 to €317,427
of which Plant, machinery and equipment: -€92,282
- Stocks and contracts -€35,710
down €35,710 (-11.1%), from €322,493 to €286,782
- Cash +€22,513
up €22,513 (+64.5%), from €34,883 to €57,396
mainly Net result for the year (+€166,734) and Depreciation (+€118,865)
- Tax, wage and social debts +€35,492
up €35,492 (+45.8%), from €77,497 to €112,989
of which Remuneration and social security: +€33,048
- Other debts -€20,387
down €20,387 (-11.3%), from €180,387 to €160,000
- Debts after one year -€15,311
down €15,311 (-45.8%), from €33,433 to €18,122
- Trade debts -€14,316
down €14,316 (-12.7%), from €112,402 to €98,086
- Staff costs +€25,926
up €25,926 (+5.2%), from €500,700 to €526,626
- Gross operating margin +€20,444
up €20,444 (+2.5%), from €822,892 to €843,335
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.
Derived cash bridge
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 | €849,423 | €841,672 | -€7,751 | -0.9% |
| Fixed assets | 21/28 | €386,515 | €318,195 | -€68,320 | -17.7% |
| Tangible fixed assets | 22/27 | €385,747 | €317,427 | -€68,320 | -17.7% |
| Plant, machinery and equipment | 23 | €319,844 | €227,561 | -€92,282 | -28.9% |
| Furniture and vehicles | 24 | €20,553 | €16,596 | -€3,957 | -19.3% |
| Other tangible fixed assets | 26 | €45,350 | €73,269 | +€27,920 | +61.6% |
| Financial fixed assets | 28 | €768 | €768 | = | 0.0% |
| Current assets | 29/58 | €462,909 | €523,477 | +€60,569 | +13.1% |
| Stocks and contracts in progress | 3 | €322,493 | €286,782 | -€35,710 | -11.1% |
| Stocks | 30/36 | €322,493 | €286,782 | -€35,710 | -11.1% |
| Amounts receivable within one year | 40/41 | €97,306 | €169,816 | +€72,510 | +74.5% |
| Trade receivables | 40 | €70,403 | €78,029 | +€7,626 | +10.8% |
| Other amounts receivable | 41 | €26,903 | €91,787 | +€64,884 | +241% |
| Cash at bank and in hand | 54/58 | €34,883 | €57,396 | +€22,513 | +64.5% |
| Deferred charges and accrued income | 490/1 | €8,227 | €9,483 | +€1,256 | +15.3% |
| Total equity and liabilities | 10/49 | €849,423 | €841,672 | -€7,751 | -0.9% |
| Equity | 10/15 | €430,392 | €437,126 | +€6,734 | +1.6% |
| Contributions | 10/11 | €238,800 | €238,800 | = | 0.0% |
| Capital | 10 | €238,800 | €238,800 | = | 0.0% |
| Issued capital | 100 | €238,800 | €238,800 | = | 0.0% |
| Reserves | 13 | €191,592 | €198,326 | +€6,734 | +3.5% |
| Non-distributable reserves | 130/1 | €23,880 | €23,880 | = | 0.0% |
| Legal reserve | 130 | €23,880 | €23,880 | = | 0.0% |
| Distributable reserves | 133 | €167,712 | €174,446 | +€6,734 | +4.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €419,031 | €404,547 | -€14,484 | -3.5% |
| Amounts payable after more than one year | 17 | €33,433 | €18,122 | -€15,311 | -45.8% |
| Financial debts | 170/4 | €33,433 | €18,122 | -€15,311 | -45.8% |
| Amounts payable within one year | 42/48 | €385,598 | €386,386 | +€789 | +0.2% |
| Current portion of amounts payable after more than one year | 42 | €15,311 | €15,311 | = | 0.0% |
| Trade debts | 44 | €112,402 | €98,086 | -€14,316 | -12.7% |
| Suppliers | 440/4 | €112,402 | €98,086 | -€14,316 | -12.7% |
| Taxes, remuneration and social security | 45 | €77,497 | €112,989 | +€35,492 | +45.8% |
| Taxes | 450/3 | €5,915 | €8,359 | +€2,444 | +41.3% |
| Remuneration and social security | 454/9 | €71,582 | €104,630 | +€33,048 | +46.2% |
| Other amounts payable | 47/48 | €180,387 | €160,000 | -€20,387 | -11.3% |
| Accrued charges and deferred income | 492/3 | €0 | €38 | +€38 | |
| Non-recurring operating income | 76A | €3,400 | €20,149 | +€16,749 | +493% |
| Remuneration, social security and pensions | 62 | €500,700 | €526,626 | +€25,926 | +5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €110,949 | €118,865 | +€7,916 | +7.1% |
| Other operating charges | 640/8 | €7,108 | €7,823 | +€715 | +10.1% |
| Non-recurring operating charges | 66A | €13,261 | €0 | -€13,261 | -100% |
| Gross operating margin | 9900 | €822,892 | €843,335 | +€20,444 | +2.5% |
| Operating profit (loss) | 9901 | €190,874 | €190,022 | -€852 | -0.4% |
| Financial income | 75/76B | €1,950 | €954 | -€996 | -51.1% |
| Recurring financial income | 75 | €1,950 | €954 | -€996 | -51.1% |
| Financial charges | 65/66B | €20,998 | €19,665 | -€1,333 | -6.3% |
| Recurring financial charges | 65 | €20,998 | €19,665 | -€1,333 | -6.3% |
| Profit (loss) for the period before taxes | 9903 | €171,826 | €171,311 | -€515 | -0.3% |
| Income taxes | 67/77 | €4,220 | €4,578 | +€358 | +8.5% |
| Profit (loss) for the period | 9904 | €167,606 | €166,734 | -€873 | -0.5% |
| Profit (loss) for the period to be appropriated | 9905 | €167,606 | €166,734 | -€873 | -0.5% |
Source: filed annual accounts (NBB), financial years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.