RETAIL VISGROUP: 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 VISGROUP
Largest movements
- Cash -€81,794
down €81,794 (-90.8%), from €90,087 to €8,294
mainly Contributions, distributions and other (-€283,165) and Trade debts (-€47,606)
- Receivables within one year -€42,367
down €42,367 (-24.7%), from €171,466 to €129,099
of which Trade receivables: -€54,575
- Financial fixed assets -€3,998
down €3,998 (-100.0%), from €4,000 to €2
- Reserves -€175,467
down €175,467 (-100%), from €175,467 to €0
- Other debts +€107,698
up €107,698 (+6,894%), from €1,562 to €109,260
- Trade debts -€47,606
down €47,606 (-67.9%), from €70,138 to €22,532
- Tax, wage and social debts -€11,977
down €11,977 (-53.2%), from €22,499 to €10,522
- Debts after one year -€6,201
down €6,201 (-34.8%), from €17,798 to €11,598
- Gross operating margin -€24,769
down €24,769 (-15.1%), from €163,922 to €139,153
- Taxes -€6,949
down €6,949 (-18.6%), from €37,293 to €30,345
- Financial income +€5,866
up €5,866 (+130%), from €4,524 to €10,390
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 | €293,373 | €160,112 | -€133,261 | -45.4% |
| Fixed assets | 21/28 | €29,115 | €22,720 | -€6,395 | -22.0% |
| Tangible fixed assets | 22/27 | €25,115 | €22,718 | -€2,397 | -9.5% |
| Furniture and vehicles | 24 | €25,115 | €22,718 | -€2,397 | -9.5% |
| Financial fixed assets | 28 | €4,000 | €2 | -€3,998 | -100.0% |
| Current assets | 29/58 | €264,259 | €137,392 | -€126,867 | -48.0% |
| Amounts receivable within one year | 40/41 | €171,466 | €129,099 | -€42,367 | -24.7% |
| Trade receivables | 40 | €58,932 | €4,357 | -€54,575 | -92.6% |
| Other amounts receivable | 41 | €112,534 | €124,741 | +€12,208 | +10.8% |
| Cash at bank and in hand | 54/58 | €90,087 | €8,294 | -€81,794 | -90.8% |
| Deferred charges and accrued income | 490/1 | €2,706 | €0 | -€2,706 | -100% |
| Total equity and liabilities | 10/49 | €293,373 | €160,112 | -€133,261 | -45.4% |
| Equity | 10/15 | €175,467 | €0 | -€175,467 | -100% |
| Reserves | 13 | €175,467 | €0 | -€175,467 | -100% |
| Distributable reserves | 133 | €175,467 | €0 | -€175,467 | -100% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €117,906 | €160,112 | +€42,206 | +35.8% |
| Amounts payable after more than one year | 17 | €17,798 | €11,598 | -€6,201 | -34.8% |
| Financial debts | 170/4 | €17,798 | €11,598 | -€6,201 | -34.8% |
| Amounts payable within one year | 42/48 | €100,108 | €148,514 | +€48,406 | +48.4% |
| Current portion of amounts payable after more than one year | 42 | €5,908 | €6,201 | +€292 | +4.9% |
| Trade debts | 44 | €70,138 | €22,532 | -€47,606 | -67.9% |
| Suppliers | 440/4 | €70,138 | €22,532 | -€47,606 | -67.9% |
| Taxes, remuneration and social security | 45 | €22,499 | €10,522 | -€11,977 | -53.2% |
| Taxes | 450/3 | €22,499 | €10,522 | -€11,977 | -53.2% |
| Other amounts payable | 47/48 | €1,562 | €109,260 | +€107,698 | +6,894% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,785 | €7,574 | +€789 | +11.6% |
| Other operating charges | 640/8 | €1,396 | €1,483 | +€87 | +6.2% |
| Gross operating margin | 9900 | €163,922 | €139,153 | -€24,769 | -15.1% |
| Operating profit (loss) | 9901 | €155,741 | €130,096 | -€25,644 | -16.5% |
| Financial income | 75/76B | €4,524 | €10,390 | +€5,866 | +130% |
| Recurring financial income | 75 | €4,524 | €10,390 | +€5,866 | +130% |
| Financial charges | 65/66B | €1,581 | €2,444 | +€862 | +54.5% |
| Recurring financial charges | 65 | €1,581 | €2,444 | +€862 | +54.5% |
| Profit (loss) for the period before taxes | 9903 | €158,683 | €138,043 | -€20,641 | -13.0% |
| Income taxes | 67/77 | €37,293 | €30,345 | -€6,949 | -18.6% |
| Profit (loss) for the period | 9904 | €121,390 | €107,698 | -€13,692 | -11.3% |
| Profit (loss) for the period to be appropriated | 9905 | €121,390 | €107,698 | -€13,692 | -11.3% |
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 14 October 2026 via checked.be.