TOP SHELVING & RACKING: 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.
TOP SHELVING & RACKING
Largest movements
- Cash -€140,980
down €140,980 (-85.8%), from €164,333 to €23,353
mainly Investment in fixed assets (net) (-€112,415) and Trade debts (-€47,042)
- Tangible fixed assets +€94,257
up €94,257 (+73.4%), from €128,456 to €222,713
of which Land and buildings: +€115,010
- Receivables within one year -€18,447
down €18,447 (-99.9%), from €18,462 to €14
of which Trade receivables: -€18,462
- Stocks and contracts +€6,432
up €6,432 (+23.4%), from €27,510 to €33,942
- Trade debts -€47,042
down €47,042 (-61.7%), from €76,282 to €29,240
- Other debts -€12,524
no longer reported in 2025 (was €12,524)
- Profit (loss) carried forward +€9,166
up €9,166 (+4.4%), from €207,507 to €216,673
- Tax, wage and social debts -€8,732
down €8,732 (-33.2%), from €26,282 to €17,550
- Taxes -€8,025
down €8,025 (-83.6%), from €9,604 to €1,579
- Gross operating margin -€7,358
down €7,358 (-10.0%), from €73,880 to €66,522
- Financial charges +€2,170
up €2,170 (+76.1%), from €2,853 to €5,022
- Write-downs -€2,000
no longer reported in 2025 (was €2,000)
- Other operating charges -€951
down €951 (-4.7%), from €20,353 to €19,402
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 | €341,447 | €282,314 | -€59,133 | -17.3% |
| Formation expenses | 20 | €368 | - | -€368 | |
| Fixed assets | 21/28 | €128,456 | €224,008 | +€95,552 | +74.4% |
| Intangible fixed assets | 21 | - | €295 | +€295 | |
| Tangible fixed assets | 22/27 | €128,456 | €222,713 | +€94,257 | +73.4% |
| Land and buildings | 22 | €92,868 | €207,878 | +€115,010 | +124% |
| Plant, machinery and equipment | 23 | €14,689 | €3,110 | -€11,579 | -78.8% |
| Furniture and vehicles | 24 | €12,951 | €6,577 | -€6,374 | -49.2% |
| Other tangible fixed assets | 26 | €7,947 | €5,147 | -€2,800 | -35.2% |
| Financial fixed assets | 28 | - | €1,000 | +€1,000 | |
| Current assets | 29/58 | €212,623 | €58,307 | -€154,316 | -72.6% |
| Stocks and contracts in progress | 3 | €27,510 | €33,942 | +€6,432 | +23.4% |
| Stocks | 30/36 | €27,510 | €33,942 | +€6,432 | +23.4% |
| Amounts receivable within one year | 40/41 | €18,462 | €14 | -€18,447 | -99.9% |
| Trade receivables | 40 | €18,462 | - | -€18,462 | |
| Other amounts receivable | 41 | - | €14 | +€14 | |
| Cash at bank and in hand | 54/58 | €164,333 | €23,353 | -€140,980 | -85.8% |
| Deferred charges and accrued income | 490/1 | €2,318 | €998 | -€1,321 | -57.0% |
| Total equity and liabilities | 10/49 | €341,447 | €282,314 | -€59,133 | -17.3% |
| Equity | 10/15 | €226,358 | €235,524 | +€9,166 | +4.0% |
| Contributions | 10/11 | €18,000 | €18,000 | = | 0.0% |
| Reserves | 13 | €850 | €850 | = | 0.0% |
| Non-distributable reserves | 130/1 | €850 | - | -€850 | |
| Reserves not available under the articles | 1311 | €850 | - | -€850 | |
| Distributable reserves | 133 | - | €850 | +€850 | |
| Profit (loss) carried forward | 14 | €207,507 | €216,673 | +€9,166 | +4.4% |
| Amounts payable | 17/49 | €115,089 | €46,790 | -€68,299 | -59.3% |
| Amounts payable within one year | 42/48 | €115,089 | €46,790 | -€68,299 | -59.3% |
| Trade debts | 44 | €76,282 | €29,240 | -€47,042 | -61.7% |
| Suppliers | 440/4 | €76,282 | €29,240 | -€47,042 | -61.7% |
| Taxes, remuneration and social security | 45 | €26,282 | €17,550 | -€8,732 | -33.2% |
| Taxes | 450/3 | €26,282 | €17,550 | -€8,732 | -33.2% |
| Other amounts payable | 47/48 | €12,524 | - | -€12,524 | |
| Non-recurring operating income | 76A | €8,115 | - | -€8,115 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,116 | €17,232 | +€116 | +0.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,000 | - | -€2,000 | |
| Other operating charges | 640/8 | €20,353 | €19,402 | -€951 | -4.7% |
| Non-recurring operating charges | 66A | - | €14,120 | +€14,120 | |
| Gross operating margin | 9900 | €73,880 | €66,522 | -€7,358 | -10.0% |
| Operating profit (loss) | 9901 | €34,412 | €15,768 | -€18,644 | -54.2% |
| Financial income | 75/76B | €48 | - | -€48 | |
| Recurring financial income | 75 | €48 | - | -€48 | |
| Financial charges | 65/66B | €2,853 | €5,022 | +€2,170 | +76.1% |
| Recurring financial charges | 65 | €2,853 | €5,022 | +€2,170 | +76.1% |
| Profit (loss) for the period before taxes | 9903 | €31,607 | €10,745 | -€20,861 | -66.0% |
| Income taxes | 67/77 | €9,604 | €1,579 | -€8,025 | -83.6% |
| Profit (loss) for the period | 9904 | €22,002 | €9,166 | -€12,836 | -58.3% |
| Profit (loss) for the period to be appropriated | 9905 | €22,002 | €9,166 | -€12,836 | -58.3% |
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 15 October 2026 via checked.be.