SR 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.
SR RETAIL
Largest movements
- Cash +€72,395
up €72,395 (+62.8%), from €115,347 to €187,743
mainly Net result for the year (+€80,079) and Tax, wage and social debts (+€36,651)
- Reserves +€78,413
up €78,413 (+9.5%), from €824,916 to €903,329
- Tax, wage and social debts +€36,651
up €36,651 (+263%), from €13,944 to €50,596
of which Taxes: +€36,651
- Debts after one year -€35,000
down €35,000 (-46.7%), from €75,000 to €40,000
- Gross operating margin +€58,853
up €58,853 (+82.1%), from €71,706 to €130,559
- Taxes +€21,239
up €21,239 (+128%), from €16,645 to €37,884
- Other operating charges -€1,674
down €1,674 (-35.3%), from €4,749 to €3,075
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 | €929,146 | €1,011,738 | +€82,592 | +8.9% |
| Fixed assets | 21/28 | €798,728 | €803,109 | +€4,381 | +0.5% |
| Tangible fixed assets | 22/27 | €6,207 | €10,588 | +€4,381 | +70.6% |
| Furniture and vehicles | 24 | €6,207 | €10,588 | +€4,381 | +70.6% |
| Financial fixed assets | 28 | €792,521 | €792,521 | = | 0.0% |
| Current assets | 29/58 | €130,418 | €208,629 | +€78,211 | +60.0% |
| Amounts receivable within one year | 40/41 | €14,157 | €20,643 | +€6,486 | +45.8% |
| Trade receivables | 40 | €14,157 | €20,643 | +€6,486 | +45.8% |
| Cash at bank and in hand | 54/58 | €115,347 | €187,743 | +€72,395 | +62.8% |
| Deferred charges and accrued income | 490/1 | €914 | €243 | -€671 | -73.4% |
| Total equity and liabilities | 10/49 | €929,146 | €1,011,738 | +€82,592 | +8.9% |
| Equity | 10/15 | €829,916 | €908,329 | +€78,413 | +9.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €824,916 | €903,329 | +€78,413 | +9.5% |
| Distributable reserves | 133 | €824,916 | €903,329 | +€78,413 | +9.5% |
| Amounts payable | 17/49 | €99,230 | €103,409 | +€4,179 | +4.2% |
| Amounts payable after more than one year | 17 | €75,000 | €40,000 | -€35,000 | -46.7% |
| Financial debts | 170/4 | €75,000 | €40,000 | -€35,000 | -46.7% |
| Amounts payable within one year | 42/48 | €24,125 | €62,411 | +€38,286 | +159% |
| Trade debts | 44 | €3,667 | €5,743 | +€2,076 | +56.6% |
| Suppliers | 440/4 | €3,667 | €5,743 | +€2,076 | +56.6% |
| Taxes, remuneration and social security | 45 | €13,944 | €50,596 | +€36,651 | +263% |
| Taxes | 450/3 | €11,944 | €48,596 | +€36,651 | +307% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €6,514 | €6,073 | -€441 | -6.8% |
| Accrued charges and deferred income | 492/3 | €105 | €998 | +€893 | +847% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,653 | €3,808 | +€1,155 | +43.5% |
| Other operating charges | 640/8 | €4,749 | €3,075 | -€1,674 | -35.3% |
| Gross operating margin | 9900 | €71,706 | €130,559 | +€58,853 | +82.1% |
| Operating profit (loss) | 9901 | €64,305 | €123,676 | +€59,372 | +92.3% |
| Financial charges | 65/66B | €6,416 | €5,714 | -€702 | -10.9% |
| Recurring financial charges | 65 | €6,416 | €5,714 | -€702 | -10.9% |
| Profit (loss) for the period before taxes | 9903 | €57,889 | €117,962 | +€60,074 | +104% |
| Income taxes | 67/77 | €16,645 | €37,884 | +€21,239 | +128% |
| Profit (loss) for the period | 9904 | €41,244 | €80,079 | +€38,835 | +94.2% |
| Profit (loss) for the period to be appropriated | 9905 | €41,244 | €80,079 | +€38,835 | +94.2% |
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 27 October 2026 via checked.be.