RetailSonar: 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
RetailSonar
NACE 58.290, Other software publishing
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€799,618
2024 · -€359,216+€1.2m
Equity
€2.1m
2024 · €1.0m+€1.1m
Cash
€123,354
2024 · €38+€123,316
Balance sheet total
€5.1m
2024 · €3.3m+€1.8m
Largest movements
Assets
- Financial fixed assets +€848,900
up €848,900 (+110%), from €774,900 to €1.6m
- Receivables within one year +€459,102
up €459,102 (+33.4%), from €1.4m to €1.8m
of which Other amounts receivable: +€455,900
- Intangible fixed assets +€342,586
up €342,586 (+36.1%), from €949,816 to €1.3m
- Cash +€123,316
up €123,316 (+326,838%), from €38 to €123,354
mainly Net result for the year (+€799,618) and Depreciation (+€712,303)
Equity and liabilities
- Profit (loss) carried forward +€776,094
up €776,094, from -€329,126 to €446,968
- Accrued charges and deferred income +€304,999
up €304,999 (+27.3%), from €1.1m to €1.4m
- Investment grants +€256,320
up €256,320 (+260%), from €98,713 to €355,033
- Current portion of long-term debt +€237,038
up €237,038 (+373%), from €63,626 to €300,664
- Short-term financial debts +€133,476
up €133,476 (+808%), from €16,524 to €150,000
Income statement
- Gross operating margin +€1.2m
up €1.2m (+48.8%), from €2.5m to €3.7m
- Staff costs +€528,691
up €528,691 (+26.0%), from €2.0m to €2.6m
- Depreciation -€347,013
down €347,013 (-32.8%), from €1.1m to €712,303
- Financial income +€109,212
up €109,212 (+31.2%), from €350,052 to €459,264
- Taxes -€39,350
down €39,350, from €6,032 to -€33,318
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.
Result 2024
-€359,216
Gross operating margin
+€1.2m
Staff costs
-€528,691
Depreciation
+€347,013
Other operating charges
-€7,135
Other operating items
+€16,466
Financial income
+€109,212
Financial charges
-€0
Taxes
+€39,350
Deferred taxes and other
-€16,452
Result 2025
€799,618
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€1.3m
Investment
-€1.9m
Financing
+€702,170
Cash 2024
€38
From operations (derived)
+€1.3m
Net result for the year
+€799,618
Depreciation
+€712,303
Receivables within one year
-€459,102
Deferred charges and accrued income
-€7,224
Provisions
-€32,904
Trade debts
-€82,268
Tax, wage and social debts
+€73,204
Other debts
+€13,397
Accrued charges and deferred income
+€304,999
Investment (derived)
-€1.9m
Investment in fixed assets (net)
-€1.9m
Financing
+€702,170
Debts after one year
+€75,336
Current portion of long-term debt
+€237,038
Short-term financial debts
+€133,476
Contributions, distributions and other
+€256,320
Cash 2025
€123,354
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,282,609 | €5,060,825 | +€1.8m | +54.2% |
| Fixed assets | 21/28 | €1,796,916 | €2,985,490 | +€1.2m | +66.1% |
| Intangible fixed assets | 21 | €949,816 | €1,292,401 | +€342,586 | +36.1% |
| Tangible fixed assets | 22/27 | €72,201 | €69,289 | -€2,912 | -4.0% |
| Plant, machinery and equipment | 23 | €45,426 | €46,094 | +€667 | +1.5% |
| Furniture and vehicles | 24 | €26,774 | €23,195 | -€3,579 | -13.4% |
| Financial fixed assets | 28 | €774,900 | €1,623,800 | +€848,900 | +110% |
| Current assets | 29/58 | €1,485,693 | €2,075,335 | +€589,642 | +39.7% |
| Amounts receivable within one year | 40/41 | €1,376,434 | €1,835,535 | +€459,102 | +33.4% |
| Trade receivables | 40 | €925,308 | €928,510 | +€3,202 | +0.3% |
| Other amounts receivable | 41 | €451,126 | €907,025 | +€455,900 | +101% |
| Cash at bank and in hand | 54/58 | €38 | €123,354 | +€123,316 | +326,838% |
| Deferred charges and accrued income | 490/1 | €109,222 | €116,446 | +€7,224 | +6.6% |
| Total equity and liabilities | 10/49 | €3,282,609 | €5,060,825 | +€1.8m | +54.2% |
| Equity | 10/15 | €1,034,369 | €2,090,307 | +€1.1m | +102% |
| Contributions | 10/11 | €1,208,600 | €1,208,600 | = | 0.0% |
| Capital | 10 | €1,208,600 | €1,208,600 | = | 0.0% |
| Issued capital | 100 | €1,208,600 | €1,208,600 | = | 0.0% |
| Reserves | 13 | €56,182 | €79,707 | +€23,525 | +41.9% |
| Non-distributable reserves | 130/1 | €6,150 | €29,675 | +€23,525 | +383% |
| Legal reserve | 130 | €6,150 | €29,675 | +€23,525 | +383% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €31,282 | €31,282 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€329,126 | €446,968 | +€776,094 | |
| Investment grants | 15 | €98,713 | €355,033 | +€256,320 | +260% |
| Provisions and deferred taxes | 16 | €32,904 | €0 | -€32,904 | -100% |
| Deferred taxes | 168 | €32,904 | €0 | -€32,904 | -100% |
| Amounts payable | 17/49 | €2,215,336 | €2,970,518 | +€755,182 | +34.1% |
| Amounts payable after more than one year | 17 | €48,745 | €124,081 | +€75,336 | +155% |
| Financial debts | 170/4 | €48,745 | €0 | -€48,745 | -100% |
| Other amounts payable | 178/9 | - | €124,081 | +€124,081 | |
| Amounts payable within one year | 42/48 | €1,051,372 | €1,426,220 | +€374,847 | +35.7% |
| Current portion of amounts payable after more than one year | 42 | €63,626 | €300,664 | +€237,038 | +373% |
| Financial debts | 43 | €16,524 | €150,000 | +€133,476 | +808% |
| Credit institutions | 430/8 | €16,524 | €150,000 | +€133,476 | +808% |
| Trade debts | 44 | €274,584 | €192,317 | -€82,268 | -30.0% |
| Suppliers | 440/4 | €274,584 | €192,317 | -€82,268 | -30.0% |
| Taxes, remuneration and social security | 45 | €264,010 | €337,214 | +€73,204 | +27.7% |
| Taxes | 450/3 | €14,595 | €37,881 | +€23,286 | +160% |
| Remuneration and social security | 454/9 | €249,415 | €299,334 | +€49,919 | +20.0% |
| Other amounts payable | 47/48 | €432,628 | €446,025 | +€13,397 | +3.1% |
| Accrued charges and deferred income | 492/3 | €1,115,218 | €1,420,217 | +€304,999 | +27.3% |
| Non-recurring operating income | 76A | €300 | €50 | -€250 | -83.3% |
| Remuneration, social security and pensions | 62 | €2,037,267 | €2,565,957 | +€528,691 | +26.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,059,315 | €712,303 | -€347,013 | -32.8% |
| Other operating charges | 640/8 | €11,909 | €19,044 | +€7,135 | +59.9% |
| Non-recurring operating charges | 66A | €55,400 | €38,934 | -€16,466 | -29.7% |
| Gross operating margin | 9900 | €2,457,863 | €3,656,935 | +€1.2m | +48.8% |
| Operating profit (loss) | 9901 | -€706,028 | €320,697 | +€1.0m | |
| Financial income | 75/76B | €350,052 | €459,264 | +€109,212 | +31.2% |
| Recurring financial income | 75 | €350,052 | €459,264 | +€109,212 | +31.2% |
| Financial charges | 65/66B | €46,565 | €46,565 | +€0 | 0.0% |
| Recurring financial charges | 65 | €46,565 | €46,565 | +€0 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€402,541 | €733,395 | +€1.1m | |
| Transfer from deferred taxes | 780 | €49,357 | €32,904 | -€16,452 | -33.3% |
| Income taxes | 67/77 | €6,032 | -€33,318 | -€39,350 | |
| Profit (loss) for the period | 9904 | -€359,216 | €799,618 | +€1.2m | |
| Profit (loss) for the period to be appropriated | 9905 | -€359,216 | €799,618 | +€1.2m |
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 16 October 2026 via checked.be.