RETAILDETAIL: 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.
RETAILDETAIL
Largest movements
- Cash -€112,970
down €112,970 (-68.8%), from €164,141 to €51,171
mainly Net result for the year (-€99,433) and Trade debts (-€70,922)
- Receivables within one year -€48,233
down €48,233 (-31.1%), from €155,218 to €106,985
of which Other amounts receivable: -€32,170
- Intangible fixed assets +€36,652
up €36,652 (+1,563%), from €2,345 to €38,997
- Tangible fixed assets -€34,579
down €34,579 (-91.4%), from €37,831 to €3,252
of which Plant, machinery and equipment: -€28,113
- Profit (loss) carried forward -€99,433
down €99,433 (-892%), from -€11,147 to -€110,580
- Short-term financial debts +€88,183
up €88,183 (+3,349%), from €2,633 to €90,817
of which Other loans: +€90,000
- Trade debts -€70,922
down €70,922 (-33.6%), from €210,954 to €140,033
- Tax, wage and social debts -€64,004
down €64,004 (-52.7%), from €121,542 to €57,538
of which Taxes: -€64,200
- Accrued charges and deferred income -€27,600
no longer reported in 2025 (was €27,600)
- Gross operating margin -€52,563
down €52,563 (-17.0%), from €308,607 to €256,044
- Financial income -€17,775
down €17,775 (-95.1%), from €18,695 to €920
- Other operating charges -€17,308
down €17,308 (-75.7%), from €22,858 to €5,551
- Write-downs +€14,025
up €14,025 (+70.4%), from €19,920 to €33,945
- Staff costs -€9,071
down €9,071 (-3.2%), from €284,230 to €275,159
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 | €375,514 | €212,889 | -€162,625 | -43.3% |
| Fixed assets | 21/28 | €40,176 | €42,249 | +€2,073 | +5.2% |
| Intangible fixed assets | 21 | €2,345 | €38,997 | +€36,652 | +1,563% |
| Tangible fixed assets | 22/27 | €37,831 | €3,252 | -€34,579 | -91.4% |
| Plant, machinery and equipment | 23 | €30,821 | €2,708 | -€28,113 | -91.2% |
| Furniture and vehicles | 24 | €7,010 | €544 | -€6,466 | -92.2% |
| Current assets | 29/58 | €335,338 | €170,640 | -€164,698 | -49.1% |
| Amounts receivable within one year | 40/41 | €155,218 | €106,985 | -€48,233 | -31.1% |
| Trade receivables | 40 | €108,453 | €92,390 | -€16,063 | -14.8% |
| Other amounts receivable | 41 | €46,764 | €14,595 | -€32,170 | -68.8% |
| Cash at bank and in hand | 54/58 | €164,141 | €51,171 | -€112,970 | -68.8% |
| Deferred charges and accrued income | 490/1 | €15,980 | €12,484 | -€3,495 | -21.9% |
| Total equity and liabilities | 10/49 | €375,514 | €212,889 | -€162,625 | -43.3% |
| Equity | 10/15 | €7,453 | -€91,980 | -€99,433 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,147 | -€110,580 | -€99,433 | -892% |
| Amounts payable | 17/49 | €368,062 | €304,870 | -€63,192 | -17.2% |
| Amounts payable after more than one year | 17 | €2,709 | - | -€2,709 | |
| Financial debts | 170/4 | €2,709 | - | -€2,709 | |
| Amounts payable within one year | 42/48 | €337,753 | €304,870 | -€32,883 | -9.7% |
| Current portion of amounts payable after more than one year | 42 | €2,348 | €3,251 | +€903 | +38.5% |
| Financial debts | 43 | €2,633 | €90,817 | +€88,183 | +3,349% |
| Credit institutions | 430/8 | €2,633 | €817 | -€1,817 | -69.0% |
| Other loans | 439 | - | €90,000 | +€90,000 | |
| Trade debts | 44 | €210,954 | €140,033 | -€70,922 | -33.6% |
| Suppliers | 440/4 | €210,954 | €140,033 | -€70,922 | -33.6% |
| Taxes, remuneration and social security | 45 | €121,542 | €57,538 | -€64,004 | -52.7% |
| Taxes | 450/3 | €95,816 | €31,617 | -€64,200 | -67.0% |
| Remuneration and social security | 454/9 | €25,726 | €25,921 | +€195 | +0.8% |
| Other amounts payable | 47/48 | €275 | €13,232 | +€12,957 | +4,710% |
| Accrued charges and deferred income | 492/3 | €27,600 | - | -€27,600 | |
| Remuneration, social security and pensions | 62 | €284,230 | €275,159 | -€9,071 | -3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,397 | €35,372 | -€6,026 | -14.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €19,920 | €33,945 | +€14,025 | +70.4% |
| Other operating charges | 640/8 | €22,858 | €5,551 | -€17,308 | -75.7% |
| Gross operating margin | 9900 | €308,607 | €256,044 | -€52,563 | -17.0% |
| Operating profit (loss) | 9901 | -€59,799 | -€93,983 | -€34,183 | -57.2% |
| Financial income | 75/76B | €18,695 | €920 | -€17,775 | -95.1% |
| Recurring financial income | 75 | €18,695 | €920 | -€17,775 | -95.1% |
| Financial charges | 65/66B | €7,877 | €6,194 | -€1,683 | -21.4% |
| Recurring financial charges | 65 | €7,877 | €6,194 | -€1,683 | -21.4% |
| Profit (loss) for the period before taxes | 9903 | -€48,982 | -€99,257 | -€50,275 | -103% |
| Income taxes | 67/77 | €174 | €176 | +€2 | +1.0% |
| Profit (loss) for the period | 9904 | -€49,156 | -€99,433 | -€50,277 | -102% |
| Profit (loss) for the period to be appropriated | 9905 | -€49,156 | -€99,433 | -€50,277 | -102% |
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 17 October 2026 via checked.be.