RETAILWANZE: 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.
RETAILWANZE
Largest movements
- Cash +€638,592
up €638,592 (+202%), from €316,901 to €955,493
mainly Current investments (+€500,000) and Receivables within one year (+€267,210)
- Current investments -€500,000
no longer reported in 2025 (was €500,000)
- Receivables within one year -€267,210
down €267,210 (-76.8%), from €348,109 to €80,899
of which Trade receivables: -€189,600
- Tangible fixed assets -€130,311
down €130,311 (-9.2%), from €1.4m to €1.3m
of which Plant, machinery and equipment: -€125,463
- Stocks and contracts -€34,610
down €34,610 (-7.4%), from €465,026 to €430,416
- Debts after one year -€177,911
down €177,911 (-17.4%), from €1.0m to €844,298
- Trade debts -€156,781
down €156,781 (-42.8%), from €366,478 to €209,697
- Reserves +€107,228
up €107,228 (+9.4%), from €1.1m to €1.3m
of which Distributable reserves: +€107,228
- Tax, wage and social debts -€57,447
down €57,447 (-23.1%), from €248,405 to €190,958
of which Taxes: -€72,428
- Gross operating margin -€235,592
down €235,592 (-14.2%), from €1.7m to €1.4m
- Taxes -€67,346
down €67,346 (-58.5%), from €115,178 to €47,832
- Staff costs +€23,036
up €23,036 (+2.4%), from €949,891 to €972,927
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 | €3,145,135 | €2,849,839 | -€295,296 | -9.4% |
| Fixed assets | 21/28 | €1,503,356 | €1,371,746 | -€131,610 | -8.8% |
| Intangible fixed assets | 21 | €15,588 | €14,289 | -€1,299 | -8.3% |
| Tangible fixed assets | 22/27 | €1,416,009 | €1,285,698 | -€130,311 | -9.2% |
| Land and buildings | 22 | €375,840 | €362,645 | -€13,195 | -3.5% |
| Plant, machinery and equipment | 23 | €958,913 | €833,450 | -€125,463 | -13.1% |
| Furniture and vehicles | 24 | €16,748 | €43,276 | +€26,528 | +158% |
| Leasing and similar rights | 25 | €64,508 | €46,326 | -€18,182 | -28.2% |
| Financial fixed assets | 28 | €71,759 | €71,759 | -€0 | 0.0% |
| Current assets | 29/58 | €1,641,779 | €1,478,093 | -€163,686 | -10.0% |
| Stocks and contracts in progress | 3 | €465,026 | €430,416 | -€34,610 | -7.4% |
| Stocks | 30/36 | €465,026 | €430,416 | -€34,610 | -7.4% |
| Amounts receivable within one year | 40/41 | €348,109 | €80,899 | -€267,210 | -76.8% |
| Trade receivables | 40 | €224,744 | €35,144 | -€189,600 | -84.4% |
| Other amounts receivable | 41 | €123,365 | €45,755 | -€77,610 | -62.9% |
| Current investments | 50/53 | €500,000 | - | -€500,000 | |
| Cash at bank and in hand | 54/58 | €316,901 | €955,493 | +€638,592 | +202% |
| Deferred charges and accrued income | 490/1 | €11,743 | €11,285 | -€458 | -3.9% |
| Total equity and liabilities | 10/49 | €3,145,135 | €2,849,839 | -€295,296 | -9.4% |
| Equity | 10/15 | €1,246,654 | €1,353,882 | +€107,228 | +8.6% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Contributions outside capital | 11 | €100,000 | €100,000 | = | 0.0% |
| Other | 1109/19 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €1,146,654 | €1,253,882 | +€107,228 | +9.4% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €1,136,654 | €1,243,882 | +€107,228 | +9.4% |
| Amounts payable | 17/49 | €1,898,481 | €1,495,957 | -€402,524 | -21.2% |
| Amounts payable after more than one year | 17 | €1,022,209 | €844,298 | -€177,911 | -17.4% |
| Financial debts | 170/4 | €1,022,209 | €844,298 | -€177,911 | -17.4% |
| Amounts payable within one year | 42/48 | €872,387 | €647,822 | -€224,565 | -25.7% |
| Current portion of amounts payable after more than one year | 42 | €197,465 | €207,790 | +€10,325 | +5.2% |
| Trade debts | 44 | €366,478 | €209,697 | -€156,781 | -42.8% |
| Suppliers | 440/4 | €366,478 | €209,697 | -€156,781 | -42.8% |
| Taxes, remuneration and social security | 45 | €248,405 | €190,958 | -€57,447 | -23.1% |
| Taxes | 450/3 | €100,773 | €28,345 | -€72,428 | -71.9% |
| Remuneration and social security | 454/9 | €147,632 | €162,613 | +€14,981 | +10.1% |
| Other amounts payable | 47/48 | €60,039 | €39,377 | -€20,662 | -34.4% |
| Accrued charges and deferred income | 492/3 | €3,885 | €3,836 | -€49 | -1.2% |
| Remuneration, social security and pensions | 62 | €949,891 | €972,927 | +€23,036 | +2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €185,866 | €192,359 | +€6,493 | +3.5% |
| Other operating charges | 640/8 | €28,144 | €30,400 | +€2,256 | +8.0% |
| Non-recurring operating charges | 66A | €904 | €5,550 | +€4,646 | +514% |
| Gross operating margin | 9900 | €1,663,120 | €1,427,528 | -€235,592 | -14.2% |
| Operating profit (loss) | 9901 | €498,315 | €226,292 | -€272,023 | -54.6% |
| Financial income | 75/76B | €1,267 | €9,992 | +€8,725 | +689% |
| Recurring financial income | 75 | €1,267 | €9,992 | +€8,725 | +689% |
| Financial charges | 65/66B | €53,421 | €45,509 | -€7,912 | -14.8% |
| Recurring financial charges | 65 | €53,421 | €45,509 | -€7,912 | -14.8% |
| Profit (loss) for the period before taxes | 9903 | €446,161 | €190,775 | -€255,386 | -57.2% |
| Income taxes | 67/77 | €115,178 | €47,832 | -€67,346 | -58.5% |
| Profit (loss) for the period | 9904 | €330,983 | €142,943 | -€188,040 | -56.8% |
| Profit (loss) for the period to be appropriated | 9905 | €330,983 | €142,943 | -€188,040 | -56.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.