SD RETAIL: 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.
SD RETAIL
Largest movements
- Cash -€16,951
down €16,951 (-96.2%), from €17,617 to €666
mainly Trade debts (-€8,722) and Tax, wage and social debts (-€5,870)
- Deferred charges and accrued income -€1,573
down €1,573 (-97.2%), from €1,619 to €46
- Tangible fixed assets -€1,233
down €1,233 (-53.5%), from €2,303 to €1,071
- Trade debts -€8,722
down €8,722 (-93.6%), from €9,319 to €598
- Tax, wage and social debts -€5,870
down €5,870 (-66.3%), from €8,847 to €2,977
- Profit (loss) carried forward -€5,220
down €5,220 (-14.8%), from -€35,302 to -€40,522
- Other debts -€927
down €927 (-1.9%), from €47,819 to €46,892
- Accrued charges and deferred income +€789
new in 2025: €789
- Gross operating margin -€32,107
down €32,107 (-99.8%), from €32,158 to €51
- Other operating charges +€831
up €831 (+328.8%), from €253 to €1,084
- Taxes -€538
down €538, from €446 to -€93
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.
Cash bridge derived
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 | €51,144 | €31,193 | -€19,951 | -39.0% |
| Fixed assets | 21/28 | €2,303 | €1,071 | -€1,233 | -53.5% |
| Tangible fixed assets | 22/27 | €2,303 | €1,071 | -€1,233 | -53.5% |
| Furniture and vehicles | 24 | €2,303 | €1,071 | -€1,233 | -53.5% |
| Current assets | 29/58 | €48,840 | €30,123 | -€18,718 | -38.3% |
| Amounts receivable within one year | 40/41 | €29,604 | €29,411 | -€194 | -0.7% |
| Trade receivables | 40 | €18,150 | €13,310 | -€4,840 | -26.7% |
| Other amounts receivable | 41 | €11,454 | €16,101 | +€4,646 | +40.6% |
| Cash at bank and in hand | 54/58 | €17,617 | €666 | -€16,951 | -96.2% |
| Deferred charges and accrued income | 490/1 | €1,619 | €46 | -€1,573 | -97.2% |
| Total equity and liabilities | 10/49 | €51,144 | €31,193 | -€19,951 | -39.0% |
| Equity | 10/15 | -€14,842 | -€20,062 | -€5,220 | -35.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€35,302 | -€40,522 | -€5,220 | -14.8% |
| Amounts payable | 17/49 | €65,986 | €51,255 | -€14,731 | -22.3% |
| Amounts payable within one year | 42/48 | €65,986 | €50,467 | -€15,519 | -23.5% |
| Trade debts | 44 | €9,319 | €598 | -€8,722 | -93.6% |
| Suppliers | 440/4 | €9,319 | €598 | -€8,722 | -93.6% |
| Taxes, remuneration and social security | 45 | €8,847 | €2,977 | -€5,870 | -66.3% |
| Taxes | 450/3 | €8,847 | €2,977 | -€5,870 | -66.3% |
| Other amounts payable | 47/48 | €47,819 | €46,892 | -€927 | -1.9% |
| Accrued charges and deferred income | 492/3 | - | €789 | +€789 | |
| Non-recurring operating income | 76A | - | €264 | +€264 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,328 | €1,233 | -€95 | -7.2% |
| Other operating charges | 640/8 | €253 | €1,084 | +€831 | +328.8% |
| Gross operating margin | 9900 | €32,158 | €51 | -€32,107 | -99.8% |
| Operating profit (loss) | 9901 | €30,578 | -€2,266 | -€32,843 | |
| Financial income | 75/76B | €342 | €85 | -€257 | -75.1% |
| Recurring financial income | 75 | €342 | €85 | -€257 | -75.1% |
| Financial charges | 65/66B | €3,166 | €3,132 | -€34 | -1.1% |
| Recurring financial charges | 65 | €3,166 | €3,132 | -€34 | -1.1% |
| Profit (loss) for the period before taxes | 9903 | €27,754 | -€5,312 | -€33,066 | |
| Income taxes | 67/77 | €446 | -€93 | -€538 | |
| Profit (loss) for the period | 9904 | €27,308 | -€5,220 | -€32,528 | |
| Profit (loss) for the period to be appropriated | 9905 | €27,308 | -€5,220 | -€32,528 |
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 11 October 2026 via checked.be.