RETAIL SERVICES MANAGEMENT: 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.
What changed
RETAIL SERVICES MANAGEMENT
NACE 70.200, Business and other management consultancy
financial year 2026 compared with 2025filed annual accounts (NBB)
Net result for the year
€210,631
2025 · €119,361+€91,270
Equity
€4.1m
2025 · €3.8m+€210,631
Cash
€29,714
2025 · €10,786+€18,928
Balance sheet total
€7.0m
2025 · €6.6m+€388,348
Largest movements
Assets
- Receivables within one year +€321,313
up €321,313 (+17.6%), from €1.8m to €2.1m
of which Other amounts receivable: +€340,948
Equity and liabilities
- Contributions -€1.5m
down €1.5m (-92.4%), from €1.6m to €121,843
- Profit (loss) carried forward +€1.5m
up €1.5m, from -€1.5m to €0
- Reserves +€210,631
new in 2026: €210,631
of which Distributable reserves: +€200,100
- Other debts +€192,298
up €192,298, from €0 to €192,298
- Debts after one year -€103,619
down €103,619 (-34.4%), from €301,225 to €197,606
of which Trade debts: -€125,400
Income statement
- Turnover +€83,806
up €83,806 (+8.6%), from €971,781 to €1.1m
- Services and other goods -€60,434
down €60,434 (-11.8%), from €514,212 to €453,777
- Staff costs +€35,160
up €35,160 (+9.5%), from €368,182 to €403,342
- Financial charges +€15,102
up €15,102 (+183%), from €8,262 to €23,364
of which Financial charges: +€15,102
- Financial income +€11,121
up €11,121 (+34.1%), from €32,627 to €43,749
of which Financial income: +€11,121
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
€119,361
Turnover
+€83,806
Other operating income
-€5,049
Services and other goods
+€60,434
Staff costs
-€35,160
Depreciation
-€9,565
Other operating charges
-€1,246
Other operating items
+€2,827
Financial income
+€11,121
Financial charges
-€15,102
Taxes
-€797
Result 2026
€210,631
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€198,648
Investment
-€90,867
Financing
-€88,853
Cash 2025
€10,786
From operations (derived)
+€198,648
Net result for the year
+€210,631
Depreciation
+€55,224
Receivables within one year
-€321,313
Deferred charges and accrued income
-€12,465
Trade debts
+€57,667
Tax, wage and social debts
+€15,444
Other debts
+€192,298
Accrued charges and deferred income
+€1,161
Investment (derived)
-€90,867
Investment in fixed assets (net)
-€90,867
Financing
-€88,853
Debts after one year
-€103,619
Current portion of long-term debt
+€14,766
Cash 2026
€29,714
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,624,721 | €7,013,069 | +€388,348 | +5.9% |
| Fixed assets | 21/28 | €4,771,388 | €4,807,030 | +€35,642 | +0.7% |
| Intangible fixed assets | 21 | €16,186 | €18,399 | +€2,213 | +13.7% |
| Tangible fixed assets | 22/27 | €133,842 | €167,271 | +€33,429 | +25.0% |
| Plant, machinery and equipment | 23 | €19,647 | €13,861 | -€5,786 | -29.4% |
| Furniture and vehicles | 24 | €15,509 | €21,721 | +€6,212 | +40.1% |
| Leasing and similar rights | 25 | €98,685 | €131,689 | +€33,003 | +33.4% |
| Financial fixed assets | 28 | €4,621,360 | €4,621,360 | = | 0.0% |
| Affiliated companies | 280/1 | €4,621,000 | €4,621,000 | = | 0.0% |
| Participating interests | 280 | €4,621,000 | €4,621,000 | = | 0.0% |
| Other financial fixed assets | 284/8 | €360 | €360 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €360 | €360 | = | 0.0% |
| Current assets | 29/58 | €1,853,333 | €2,206,039 | +€352,706 | +19.0% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €1,820,842 | €2,142,154 | +€321,313 | +17.6% |
| Trade receivables | 40 | €33,578 | €13,943 | -€19,635 | -58.5% |
| Other amounts receivable | 41 | €1,787,263 | €2,128,211 | +€340,948 | +19.1% |
| Cash at bank and in hand | 54/58 | €10,786 | €29,714 | +€18,928 | +175% |
| Deferred charges and accrued income | 490/1 | €21,705 | €34,171 | +€12,465 | +57.4% |
| Total equity and liabilities | 10/49 | €6,624,721 | €7,013,069 | +€388,348 | +5.9% |
| Equity | 10/15 | €3,842,242 | €4,052,873 | +€210,631 | +5.5% |
| Contributions | 10/11 | €1,600,000 | €121,843 | -€1.5m | -92.4% |
| Capital | 10 | €1,600,000 | €121,843 | -€1.5m | -92.4% |
| Issued capital | 100 | €1,600,000 | €121,843 | -€1.5m | -92.4% |
| Revaluation surpluses | 12 | €3,720,399 | €3,720,399 | = | 0.0% |
| Reserves | 13 | - | €210,631 | +€210,631 | |
| Non-distributable reserves | 130/1 | - | €10,532 | +€10,532 | |
| Legal reserve | 130 | - | €10,532 | +€10,532 | |
| Distributable reserves | 133 | - | €200,100 | +€200,100 | |
| Profit (loss) carried forward | 14 | -€1,478,157 | €0 | +€1.5m | |
| Amounts payable | 17/49 | €2,782,479 | €2,960,196 | +€177,717 | +6.4% |
| Amounts payable after more than one year | 17 | €301,225 | €197,606 | -€103,619 | -34.4% |
| Financial debts | 170/4 | €69,393 | €91,175 | +€21,782 | +31.4% |
| Leasing and similar obligations | 172 | €69,393 | €91,175 | +€21,782 | +31.4% |
| Trade debts | 175 | €231,832 | €106,432 | -€125,400 | -54.1% |
| Suppliers | 1750 | €231,832 | €106,432 | -€125,400 | -54.1% |
| Amounts payable within one year | 42/48 | €2,480,839 | €2,761,013 | +€280,175 | +11.3% |
| Current portion of amounts payable after more than one year | 42 | €154,149 | €168,914 | +€14,766 | +9.6% |
| Trade debts | 44 | €2,266,057 | €2,323,724 | +€57,667 | +2.5% |
| Suppliers | 440/4 | €2,266,057 | €2,323,724 | +€57,667 | +2.5% |
| Taxes, remuneration and social security | 45 | €60,633 | €76,077 | +€15,444 | +25.5% |
| Taxes | 450/3 | €7,497 | €7,843 | +€346 | +4.6% |
| Remuneration and social security | 454/9 | €53,136 | €68,235 | +€15,098 | +28.4% |
| Other amounts payable | 47/48 | €0 | €192,298 | +€192,298 | |
| Accrued charges and deferred income | 492/3 | €415 | €1,576 | +€1,161 | +279% |
| Operating income | 70/76A | €1,032,650 | €1,114,234 | +€81,583 | +7.9% |
| Turnover | 70 | €971,781 | €1,055,587 | +€83,806 | +8.6% |
| Other operating income | 74 | €9,763 | €4,714 | -€5,049 | -51.7% |
| Non-recurring operating income | 76A | €51,107 | €53,933 | +€2,827 | +5.5% |
| Operating charges | 60/66A | €936,195 | €921,731 | -€14,464 | -1.5% |
| Services and other goods | 61 | €514,212 | €453,777 | -€60,434 | -11.8% |
| Remuneration, social security and pensions | 62 | €368,182 | €403,342 | +€35,160 | +9.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,659 | €55,224 | +€9,565 | +20.9% |
| Other operating charges | 640/8 | €8,141 | €9,387 | +€1,246 | +15.3% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Operating profit (loss) | 9901 | €96,456 | €192,503 | +€96,047 | +99.6% |
| Financial income | 75/76B | €32,627 | €43,749 | +€11,121 | +34.1% |
| Recurring financial income | 75 | €32,627 | €43,749 | +€11,121 | +34.1% |
| Income from current assets | 751 | €32,602 | €43,749 | +€11,146 | +34.2% |
| Other financial income | 752/9 | €25 | €0 | -€25 | -100% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €8,262 | €23,364 | +€15,102 | +183% |
| Recurring financial charges | 65 | €8,262 | €23,364 | +€15,102 | +183% |
| Debt charges | 650 | €7,635 | €22,873 | +€15,238 | +200% |
| Other financial charges | 652/9 | €626 | €490 | -€136 | -21.7% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €120,821 | €212,888 | +€92,067 | +76.2% |
| Income taxes | 67/77 | €1,460 | €2,257 | +€797 | +54.6% |
| Taxes | 670/3 | €1,500 | €2,400 | +€900 | +60.0% |
| Tax adjustments and reversals of tax provisions | 77 | €40 | €143 | +€103 | +258% |
| Profit (loss) for the period | 9904 | €119,361 | €210,631 | +€91,270 | +76.5% |
| Profit (loss) for the period to be appropriated | 9905 | €119,361 | €210,631 | +€91,270 | +76.5% |
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 15 October 2026 via checked.be.