RUSSELLSTORE: 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.
RUSSELLSTORE
Largest movements
- Cash +€460,357
up €460,357 (+192%), from €239,684 to €700,042
mainly Net result for the year (+€621,631) and Receivables within one year (+€112,171)
- Receivables within one year -€112,171
down €112,171 (-21.7%), from €516,387 to €404,217
of which Other amounts receivable: -€100,878
- Stocks and contracts +€107,711
up €107,711 (+12.0%), from €898,647 to €1.0m
- Receivables after one year +€82,317
up €82,317 (+5.7%), from €1.4m to €1.5m
- Reserves +€554,307
up €554,307 (+20.4%), from €2.7m to €3.3m
of which Distributable reserves: +€554,307
- Trade debts -€63,617
down €63,617 (-46.9%), from €135,696 to €72,080
- Tax, wage and social debts +€40,368
up €40,368 (+18.4%), from €219,350 to €259,718
of which Taxes: +€45,963
- Other debts -€39,854
down €39,854 (-30.2%), from €131,839 to €91,985
- Gross operating margin +€130,853
up €130,853 (+9.0%), from €1.5m to €1.6m
- Financial income -€63,829
down €63,829 (-44.9%), from €142,268 to €78,439
- Write-downs -€53,852
down €53,852 (-50.9%), from €105,708 to €51,856
- Taxes +€43,940
up €43,940 (+17.8%), from €246,293 to €290,233
- Staff costs -€39,949
down €39,949 (-6.4%), from €624,019 to €584,070
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 | €3,379,485 | €3,901,770 | +€522,285 | +15.5% |
| Fixed assets | 21/28 | €288,581 | €269,314 | -€19,267 | -6.7% |
| Tangible fixed assets | 22/27 | €288,581 | €269,314 | -€19,267 | -6.7% |
| Plant, machinery and equipment | 23 | €7,041 | €5,449 | -€1,592 | -22.6% |
| Furniture and vehicles | 24 | €196,848 | €184,884 | -€11,964 | -6.1% |
| Other tangible fixed assets | 26 | €84,692 | €78,981 | -€5,711 | -6.7% |
| Current assets | 29/58 | €3,090,904 | €3,632,456 | +€541,553 | +17.5% |
| Amounts receivable after more than one year | 29 | €1,436,185 | €1,518,502 | +€82,317 | +5.7% |
| Other amounts receivable | 291 | €1,436,185 | €1,518,502 | +€82,317 | +5.7% |
| Stocks and contracts in progress | 3 | €898,647 | €1,006,358 | +€107,711 | +12.0% |
| Stocks | 30/36 | €898,647 | €1,006,358 | +€107,711 | +12.0% |
| Amounts receivable within one year | 40/41 | €516,387 | €404,217 | -€112,171 | -21.7% |
| Trade receivables | 40 | €17,965 | €6,673 | -€11,292 | -62.9% |
| Other amounts receivable | 41 | €498,422 | €397,544 | -€100,878 | -20.2% |
| Cash at bank and in hand | 54/58 | €239,684 | €700,042 | +€460,357 | +192% |
| Deferred charges and accrued income | 490/1 | - | €3,338 | +€3,338 | |
| Total equity and liabilities | 10/49 | €3,379,485 | €3,901,770 | +€522,285 | +15.5% |
| Equity | 10/15 | €2,722,599 | €3,276,906 | +€554,307 | +20.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €2,712,236 | €3,266,542 | +€554,307 | +20.4% |
| Tax-exempt reserves | 132 | €66 | €66 | = | 0.0% |
| Distributable reserves | 133 | €2,712,169 | €3,266,476 | +€554,307 | +20.4% |
| Profit (loss) carried forward | 14 | €4,164 | €4,164 | = | 0.0% |
| Amounts payable | 17/49 | €656,885 | €624,864 | -€32,022 | -4.9% |
| Amounts payable after more than one year | 17 | €170,000 | €195,000 | +€25,000 | +14.7% |
| Financial debts | 170/4 | €170,000 | €195,000 | +€25,000 | +14.7% |
| Amounts payable within one year | 42/48 | €486,885 | €429,205 | -€57,681 | -11.8% |
| Trade debts | 44 | €135,696 | €72,080 | -€63,617 | -46.9% |
| Suppliers | 440/4 | €135,696 | €72,080 | -€63,617 | -46.9% |
| Advances received on contracts in progress | 46 | - | €5,422 | +€5,422 | |
| Taxes, remuneration and social security | 45 | €219,350 | €259,718 | +€40,368 | +18.4% |
| Taxes | 450/3 | €134,629 | €180,592 | +€45,963 | +34.1% |
| Remuneration and social security | 454/9 | €84,721 | €79,126 | -€5,595 | -6.6% |
| Other amounts payable | 47/48 | €131,839 | €91,985 | -€39,854 | -30.2% |
| Accrued charges and deferred income | 492/3 | - | €659 | +€659 | |
| Non-recurring operating income | 76A | €2,954 | - | -€2,954 | |
| Remuneration, social security and pensions | 62 | €624,019 | €584,070 | -€39,949 | -6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,278 | €84,122 | +€27,844 | +49.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €105,708 | €51,856 | -€53,852 | -50.9% |
| Other operating charges | 640/8 | €4,269 | €3,417 | -€852 | -20.0% |
| Gross operating margin | 9900 | €1,454,797 | €1,585,650 | +€130,853 | +9.0% |
| Operating profit (loss) | 9901 | €664,523 | €862,185 | +€197,662 | +29.7% |
| Financial income | 75/76B | €142,268 | €78,439 | -€63,829 | -44.9% |
| Recurring financial income | 75 | €142,268 | €78,439 | -€63,829 | -44.9% |
| Financial charges | 65/66B | €36,636 | €28,760 | -€7,875 | -21.5% |
| Recurring financial charges | 65 | €36,636 | €28,760 | -€7,875 | -21.5% |
| Profit (loss) for the period before taxes | 9903 | €770,156 | €911,864 | +€141,708 | +18.4% |
| Income taxes | 67/77 | €246,293 | €290,233 | +€43,940 | +17.8% |
| Profit (loss) for the period | 9904 | €523,863 | €621,631 | +€97,768 | +18.7% |
| Profit (loss) for the period to be appropriated | 9905 | €523,863 | €621,631 | +€97,768 | +18.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.