De Retard: 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.
De Retard
Largest movements
- Tangible fixed assets +€3,230
up €3,230 (+242.9%), from €1,330 to €4,560
of which Furniture and vehicles: +€2,270
- Stocks and contracts +€2,000
new in 2025: €2,000
- Cash +€792
up €792 (+46.5%), from €1,702 to €2,494
mainly Trade debts (+€6,796) and Accrued charges and deferred income (+€3,757)
- Other debts -€7,687
down €7,687 (-80.7%), from €9,531 to €1,844
- Trade debts +€6,796
up €6,796 (+236.0%), from €2,880 to €9,676
- Accrued charges and deferred income +€3,757
up €3,757 (+136.2%), from €2,758 to €6,516
- Profit (loss) carried forward +€3,413
up €3,413 (+62.1%), from -€5,498 to -€2,086
- Tax, wage and social debts -€313
down €313 (-10.8%), from €2,896 to €2,582
- Gross operating margin +€9,279
up €9,279, from -€4,908 to €4,371
- Depreciation +€753
up €753 (+1186.5%), from €63 to €816
- Staff costs -€512
down €512 (-100.0%), from €512 to €0
- Financial charges +€124
up €124 (+676.5%), from €18 to €142
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €13,566 | €19,532 | +€5,966 | +44.0% |
| Fixed assets | 21/28 | €1,330 | €4,560 | +€3,230 | +242.9% |
| Tangible fixed assets | 22/27 | €1,330 | €4,560 | +€3,230 | +242.9% |
| Plant, machinery and equipment | 23 | €1,330 | €2,289 | +€960 | +72.2% |
| Furniture and vehicles | 24 | - | €2,270 | +€2,270 | |
| Current assets | 29/58 | €12,237 | €14,972 | +€2,736 | +22.4% |
| Stocks and contracts in progress | 3 | - | €2,000 | +€2,000 | |
| Stocks | 30/36 | - | €2,000 | +€2,000 | |
| Amounts receivable within one year | 40/41 | €9,815 | €9,652 | -€163 | -1.7% |
| Trade receivables | 40 | €9,680 | €9,445 | -€235 | -2.4% |
| Other amounts receivable | 41 | €135 | €207 | +€72 | +53.0% |
| Cash at bank and in hand | 54/58 | €1,702 | €2,494 | +€792 | +46.5% |
| Deferred charges and accrued income | 490/1 | €719 | €826 | +€107 | +14.9% |
| Total equity and liabilities | 10/49 | €13,566 | €19,532 | +€5,966 | +44.0% |
| Equity | 10/15 | -€4,498 | -€1,086 | +€3,413 | +75.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,498 | -€2,086 | +€3,413 | +62.1% |
| Amounts payable | 17/49 | €18,064 | €20,618 | +€2,553 | +14.1% |
| Amounts payable within one year | 42/48 | €15,306 | €14,102 | -€1,204 | -7.9% |
| Trade debts | 44 | €2,880 | €9,676 | +€6,796 | +236.0% |
| Suppliers | 440/4 | €2,880 | €9,676 | +€6,796 | +236.0% |
| Taxes, remuneration and social security | 45 | €2,896 | €2,582 | -€313 | -10.8% |
| Taxes | 450/3 | €2,896 | €2,582 | -€313 | -10.8% |
| Other amounts payable | 47/48 | €9,531 | €1,844 | -€7,687 | -80.7% |
| Accrued charges and deferred income | 492/3 | €2,758 | €6,516 | +€3,757 | +136.2% |
| Remuneration, social security and pensions | 62 | €512 | €0 | -€512 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63 | €816 | +€753 | +1186.5% |
| Gross operating margin | 9900 | -€4,908 | €4,371 | +€9,279 | |
| Operating profit (loss) | 9901 | -€5,483 | €3,555 | +€9,038 | |
| Financial income | 75/76B | €3 | €0 | -€3 | -100.0% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -100.0% |
| Financial charges | 65/66B | €18 | €142 | +€124 | +676.5% |
| Recurring financial charges | 65 | €18 | €142 | +€124 | +676.5% |
| Profit (loss) for the period before taxes | 9903 | -€5,498 | €3,413 | +€8,911 | |
| Profit (loss) for the period | 9904 | -€5,498 | €3,413 | +€8,911 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,498 | €3,413 | +€8,911 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.