TARGET STORE: what changed
Two fiscal 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.
What changed
TARGET STORE
NACE 47.110, Non-specialised retail sale with food, beverages or tobacco predominating
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€157,445
2024 · €111,902+€45,543
Equity
€272,335
2024 · €264,890+€7,445
Cash
€282,208
2024 · €274,768+€7,440
Balance sheet total
€1.3m
2024 · €1.0m+€300,716
Largest movements
Assets
- Receivables within one year +€247,362
up €247,362 (+265.8%), from €93,073 to €340,434
of which Other amounts receivable: +€259,376
- Tangible fixed assets +€44,223
up €44,223 (+18.0%), from €245,374 to €289,597
of which Plant, machinery and equipment: +€75,261
Equity and liabilities
- Trade debts +€176,618
up €176,618 (+31.6%), from €558,679 to €735,297
- Debts after one year +€48,323
new in 2025: €48,323
- Other debts +€40,869
up €40,869 (+37.2%), from €110,000 to €150,869
- Accrued charges and deferred income +€13,648
up €13,648 (+164.0%), from €8,323 to €21,971
Income statement
- Staff costs -€30,285
down €30,285 (-6.9%), from €439,817 to €409,532
- Depreciation -€22,001
down €22,001 (-25.9%), from €84,941 to €62,940
- Gross operating margin -€10,686
down €10,686 (-1.6%), from €649,098 to €638,412
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.
Result 2024
€111,902
Gross operating margin
-€10,686
Staff costs
+€30,285
Depreciation
+€22,001
Other operating charges
+€1,477
Financial income
-€1,576
Financial charges
+€2,949
Taxes
+€1,094
Result 2025
€157,445
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.
From operations
+€205,537
Investment
-€107,164
Financing
-€90,933
Cash 2024
€274,768
From operations (derived)
+€205,537
Net result for the year
+€157,445
Depreciation
+€62,940
Stocks and contracts
+€1,545
Receivables within one year
-€247,362
Deferred charges and accrued income
-€3,237
Trade debts
+€176,618
Tax, wage and social debts
+€3,069
Other debts
+€40,869
Accrued charges and deferred income
+€13,648
Investment (derived)
-€107,164
Investment in fixed assets (net)
-€107,164
Financing
-€90,933
Debts after one year
+€48,323
Current portion of long-term debt
+€10,744
Contributions, distributions and other
-€150,000
Cash 2025
€282,208
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,031,431 | €1,332,147 | +€300,716 | +29.2% |
| Fixed assets | 21/28 | €245,874 | €290,097 | +€44,223 | +18.0% |
| Tangible fixed assets | 22/27 | €245,374 | €289,597 | +€44,223 | +18.0% |
| Plant, machinery and equipment | 23 | €89,865 | €165,126 | +€75,261 | +83.7% |
| Furniture and vehicles | 24 | €2,293 | €1,402 | -€891 | -38.9% |
| Other tangible fixed assets | 26 | €153,216 | €123,069 | -€30,147 | -19.7% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €785,557 | €1,042,050 | +€256,493 | +32.7% |
| Stocks and contracts in progress | 3 | €408,287 | €406,741 | -€1,545 | -0.4% |
| Stocks | 30/36 | €408,287 | €406,741 | -€1,545 | -0.4% |
| Amounts receivable within one year | 40/41 | €93,073 | €340,434 | +€247,362 | +265.8% |
| Trade receivables | 40 | €20,006 | €7,991 | -€12,015 | -60.1% |
| Other amounts receivable | 41 | €73,067 | €332,443 | +€259,376 | +355.0% |
| Cash at bank and in hand | 54/58 | €274,768 | €282,208 | +€7,440 | +2.7% |
| Deferred charges and accrued income | 490/1 | €9,430 | €12,667 | +€3,237 | +34.3% |
| Total equity and liabilities | 10/49 | €1,031,431 | €1,332,147 | +€300,716 | +29.2% |
| Equity | 10/15 | €264,890 | €272,335 | +€7,445 | +2.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €202,000 | €202,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €200,000 | €200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €42,890 | €50,335 | +€7,445 | +17.4% |
| Amounts payable | 17/49 | €766,541 | €1,059,812 | +€293,271 | +38.3% |
| Amounts payable after more than one year | 17 | - | €48,323 | +€48,323 | |
| Financial debts | 170/4 | - | €48,323 | +€48,323 | |
| Amounts payable within one year | 42/48 | €758,218 | €989,518 | +€231,300 | +30.5% |
| Current portion of amounts payable after more than one year | 42 | - | €10,744 | +€10,744 | |
| Trade debts | 44 | €558,679 | €735,297 | +€176,618 | +31.6% |
| Suppliers | 440/4 | €558,679 | €735,297 | +€176,618 | +31.6% |
| Taxes, remuneration and social security | 45 | €89,539 | €92,608 | +€3,069 | +3.4% |
| Taxes | 450/3 | €4,530 | €3,670 | -€861 | -19.0% |
| Remuneration and social security | 454/9 | €85,008 | €88,938 | +€3,930 | +4.6% |
| Other amounts payable | 47/48 | €110,000 | €150,869 | +€40,869 | +37.2% |
| Accrued charges and deferred income | 492/3 | €8,323 | €21,971 | +€13,648 | +164.0% |
| Remuneration, social security and pensions | 62 | €439,817 | €409,532 | -€30,285 | -6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €84,941 | €62,940 | -€22,001 | -25.9% |
| Other operating charges | 640/8 | €2,638 | €1,161 | -€1,477 | -56.0% |
| Gross operating margin | 9900 | €649,098 | €638,412 | -€10,686 | -1.6% |
| Operating profit (loss) | 9901 | €121,702 | €164,779 | +€43,076 | +35.4% |
| Financial income | 75/76B | €3,062 | €1,486 | -€1,576 | -51.5% |
| Recurring financial income | 75 | €3,062 | €1,486 | -€1,576 | -51.5% |
| Financial charges | 65/66B | €8,099 | €5,150 | -€2,949 | -36.4% |
| Recurring financial charges | 65 | €8,099 | €5,150 | -€2,949 | -36.4% |
| Profit (loss) for the period before taxes | 9903 | €116,666 | €161,115 | +€44,449 | +38.1% |
| Income taxes | 67/77 | €4,764 | €3,670 | -€1,094 | -23.0% |
| Profit (loss) for the period | 9904 | €111,902 | €157,445 | +€45,543 | +40.7% |
| Profit (loss) for the period to be appropriated | 9905 | €111,902 | €157,445 | +€45,543 | +40.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.