V-Retail-Training: 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.
V-Retail-Training
Largest movements
- Cash +€2,783
up €2,783 (+20.4%), from €13,666 to €16,448
mainly Advances received (+€2,904) and Net result for the year (+€2,591)
- Tangible fixed assets +€2,053
up €2,053 (+84.4%), from €2,431 to €4,484
of which Furniture and vehicles: +€1,801
- Advances received +€2,904
new in 2024: €2,904
- Reserves +€2,591
up €2,591 (+30.2%), from €8,569 to €11,161
- Tax, wage and social debts -€2,424
down €2,424 (-56.9%), from €4,257 to €1,834
- Other debts +€907
up €907 (+15.3%), from €5,922 to €6,829
- Trade debts +€903
up €903 (+67.5%), from €1,337 to €2,240
- Gross operating margin -€6,798
down €6,798 (-50.5%), from €13,473 to €6,675
- Taxes -€2,424
down €2,424 (-56.9%), from €4,257 to €1,834
- Staff costs +€814
up €814 (+212%), from €384 to €1,199
- Depreciation +€567
up €567 (+285%), from €199 to €766
- Other operating charges +€212
new in 2024: €212
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €22,586 | €27,468 | +€4,882 | +21.6% |
| Fixed assets | 21/28 | €2,431 | €4,484 | +€2,053 | +84.4% |
| Tangible fixed assets | 22/27 | €2,431 | €4,484 | +€2,053 | +84.4% |
| Land and buildings | 22 | €1,987 | €2,287 | +€300 | +15.1% |
| Plant, machinery and equipment | 23 | €444 | €396 | -€48 | -10.8% |
| Furniture and vehicles | 24 | - | €1,801 | +€1,801 | |
| Current assets | 29/58 | €20,155 | €22,984 | +€2,829 | +14.0% |
| Amounts receivable within one year | 40/41 | €6,489 | €6,535 | +€46 | +0.7% |
| Trade receivables | 40 | €5,886 | €6,039 | +€153 | +2.6% |
| Other amounts receivable | 41 | €603 | €496 | -€106 | -17.7% |
| Cash at bank and in hand | 54/58 | €13,666 | €16,448 | +€2,783 | +20.4% |
| Total equity and liabilities | 10/49 | €22,586 | €27,468 | +€4,882 | +21.6% |
| Equity | 10/15 | €11,069 | €13,661 | +€2,591 | +23.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €8,569 | €11,161 | +€2,591 | +30.2% |
| Distributable reserves | 133 | €8,569 | €11,161 | +€2,591 | +30.2% |
| Amounts payable | 17/49 | €11,516 | €13,807 | +€2,291 | +19.9% |
| Amounts payable within one year | 42/48 | €11,516 | €13,807 | +€2,291 | +19.9% |
| Trade debts | 44 | €1,337 | €2,240 | +€903 | +67.5% |
| Suppliers | 440/4 | €1,337 | €2,240 | +€903 | +67.5% |
| Advances received on contracts in progress | 46 | - | €2,904 | +€2,904 | |
| Taxes, remuneration and social security | 45 | €4,257 | €1,834 | -€2,424 | -56.9% |
| Taxes | 450/3 | €4,257 | €1,834 | -€2,424 | -56.9% |
| Other amounts payable | 47/48 | €5,922 | €6,829 | +€907 | +15.3% |
| Remuneration, social security and pensions | 62 | €384 | €1,199 | +€814 | +212% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €199 | €766 | +€567 | +285% |
| Other operating charges | 640/8 | - | €212 | +€212 | |
| Gross operating margin | 9900 | €13,473 | €6,675 | -€6,798 | -50.5% |
| Operating profit (loss) | 9901 | €12,890 | €4,499 | -€8,391 | -65.1% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €63 | €75 | +€12 | +18.5% |
| Recurring financial charges | 65 | €63 | €75 | +€12 | +18.5% |
| Profit (loss) for the period before taxes | 9903 | €12,827 | €4,425 | -€8,402 | -65.5% |
| Income taxes | 67/77 | €4,257 | €1,834 | -€2,424 | -56.9% |
| Profit (loss) for the period | 9904 | €8,569 | €2,591 | -€5,978 | -69.8% |
| Profit (loss) for the period to be appropriated | 9905 | €8,569 | €2,591 | -€5,978 | -69.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.