SOUTHSTORE: 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.
SOUTHSTORE
Largest movements
- Stocks and contracts -€860,822
down €860,822 (-98.6%), from €873,437 to €12,615
- Financial fixed assets +€524,419
up €524,419 (+3,495%), from €15,005 to €539,424
- Cash +€221,323
up €221,323 (+188%), from €117,675 to €338,998
mainly Stocks and contracts (+€860,822) and Net result for the year (+€384,399)
- Receivables within one year +€215,235
up €215,235 (+74.9%), from €287,375 to €502,610
of which Other amounts receivable: +€250,318
- Tangible fixed assets -€185,226
down €185,226 (-9.2%), from €2.0m to €1.8m
of which Land and buildings: -€97,521
- Reserves +€339,399
up €339,399 (+103%), from €330,523 to €669,923
of which Distributable reserves: +€339,399
- Debts after one year -€241,904
down €241,904 (-14.7%), from €1.6m to €1.4m
- Trade debts -€236,309
down €236,309 (-79.0%), from €299,125 to €62,816
- Short-term financial debts +€60,000
new in 2026: €60,000
- Financial income +€324,091
up €324,091 (+3,466%), from €9,350 to €333,441
- Taxes +€92,287
up €92,287 (+110%), from €83,600 to €175,887
- Gross operating margin -€78,448
down €78,448 (-14.3%), from €546,742 to €468,294
- Financial charges -€32,765
down €32,765 (-36.6%), from €89,415 to €56,650
- Depreciation -€16,781
down €16,781 (-9.3%), from €180,369 to €163,588
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,324,796 | €3,230,063 | -€94,732 | -2.8% |
| Fixed assets | 21/28 | €2,037,497 | €2,373,805 | +€336,308 | +16.5% |
| Intangible fixed assets | 21 | €8,656 | €5,770 | -€2,885 | -33.3% |
| Tangible fixed assets | 22/27 | €2,013,837 | €1,828,611 | -€185,226 | -9.2% |
| Land and buildings | 22 | €1,813,269 | €1,715,748 | -€97,521 | -5.4% |
| Plant, machinery and equipment | 23 | €161,779 | €94,757 | -€67,023 | -41.4% |
| Furniture and vehicles | 24 | €38,789 | €18,106 | -€20,683 | -53.3% |
| Financial fixed assets | 28 | €15,005 | €539,424 | +€524,419 | +3,495% |
| Current assets | 29/58 | €1,287,298 | €856,258 | -€431,040 | -33.5% |
| Stocks and contracts in progress | 3 | €873,437 | €12,615 | -€860,822 | -98.6% |
| Stocks | 30/36 | €873,437 | €12,615 | -€860,822 | -98.6% |
| Amounts receivable within one year | 40/41 | €287,375 | €502,610 | +€215,235 | +74.9% |
| Trade receivables | 40 | €287,107 | €252,023 | -€35,083 | -12.2% |
| Other amounts receivable | 41 | €269 | €250,586 | +€250,318 | +93,204% |
| Cash at bank and in hand | 54/58 | €117,675 | €338,998 | +€221,323 | +188% |
| Deferred charges and accrued income | 490/1 | €8,811 | €2,035 | -€6,776 | -76.9% |
| Total equity and liabilities | 10/49 | €3,324,796 | €3,230,063 | -€94,732 | -2.8% |
| Equity | 10/15 | €1,188,713 | €1,528,112 | +€339,399 | +28.6% |
| Contributions | 10/11 | €294,000 | €294,000 | = | 0.0% |
| Reserves | 13 | €330,523 | €669,923 | +€339,399 | +103% |
| Non-distributable reserves | 130/1 | €14,912 | €14,912 | = | 0.0% |
| Reserves not available under the articles | 1311 | €14,912 | €14,912 | = | 0.0% |
| Distributable reserves | 133 | €315,611 | €655,011 | +€339,399 | +108% |
| Profit (loss) carried forward | 14 | €564,190 | €564,190 | = | 0.0% |
| Amounts payable | 17/49 | €2,136,083 | €1,701,951 | -€434,131 | -20.3% |
| Amounts payable after more than one year | 17 | €1,640,804 | €1,398,900 | -€241,904 | -14.7% |
| Financial debts | 170/4 | €1,640,804 | €1,398,900 | -€241,904 | -14.7% |
| Amounts payable within one year | 42/48 | €480,753 | €290,976 | -€189,778 | -39.5% |
| Current portion of amounts payable after more than one year | 42 | €122,888 | €126,861 | +€3,973 | +3.2% |
| Financial debts | 43 | - | €60,000 | +€60,000 | |
| Credit institutions | 430/8 | - | €60,000 | +€60,000 | |
| Trade debts | 44 | €299,125 | €62,816 | -€236,309 | -79.0% |
| Suppliers | 440/4 | €299,125 | €62,816 | -€236,309 | -79.0% |
| Taxes, remuneration and social security | 45 | €56,680 | €40,552 | -€16,128 | -28.5% |
| Taxes | 450/3 | €56,680 | €40,552 | -€16,128 | -28.5% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €2,060 | €747 | -€1,314 | -63.8% |
| Accrued charges and deferred income | 492/3 | €14,525 | €12,075 | -€2,450 | -16.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €180,369 | €163,588 | -€16,781 | -9.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,177 | €0 | -€1,177 | -100% |
| Other operating charges | 640/8 | €20,920 | €21,211 | +€291 | +1.4% |
| Gross operating margin | 9900 | €546,742 | €468,294 | -€78,448 | -14.3% |
| Operating profit (loss) | 9901 | €344,276 | €283,495 | -€60,781 | -17.7% |
| Financial income | 75/76B | €9,350 | €333,441 | +€324,091 | +3,466% |
| Recurring financial income | 75 | €9,350 | €333,441 | +€324,091 | +3,466% |
| Financial charges | 65/66B | €89,415 | €56,650 | -€32,765 | -36.6% |
| Recurring financial charges | 65 | €89,415 | €56,650 | -€32,765 | -36.6% |
| Profit (loss) for the period before taxes | 9903 | €264,212 | €560,286 | +€296,075 | +112% |
| Income taxes | 67/77 | €83,600 | €175,887 | +€92,287 | +110% |
| Profit (loss) for the period | 9904 | €180,611 | €384,399 | +€203,788 | +113% |
| Profit (loss) for the period to be appropriated | 9905 | €180,611 | €384,399 | +€203,788 | +113% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.