RE-tail Return Partners I: 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.
RE-tail Return Partners I
Largest movements
- Financial fixed assets -€750,000
down €750,000 (-5.2%), from €14.4m to €13.6m
- Cash +€572,203
up €572,203 (+203%), from €282,413 to €854,615
mainly Current portion of long-term debt (+€2.7m) and Investment in fixed assets (net) (+€750,000)
- Receivables within one year -€199,913
down €199,913 (-94.6%), from €211,362 to €11,449
of which Other amounts receivable: -€136,091
- Current portion of long-term debt +€2.7m
up €2.7m (+28.5%), from €9.5m to €12.3m
- Contributions -€2.2m
down €2.2m (-91.3%), from €2.4m to €208,747
of which Capital: -€1.8m
- Other debts -€1.4m
down €1.4m (-55.1%), from €2.5m to €1.1m
- Profit (loss) carried forward +€275,549
up €275,549 (+47.1%), from -€584,417 to -€308,868
- Trade debts +€221,897
up €221,897 (+23.6%), from €938,263 to €1.2m
- Gross operating margin +€372,359
up €372,359 (+81.2%), from -€458,547 to -€86,188
- Provisions +€102,987
up €102,987, from -€102,987 to €0
- Financial charges -€101,142
down €101,142 (-17.4%), from €580,067 to €478,926
- Financial income -€94,931
down €94,931 (-27.0%), from €352,175 to €257,244
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 | €14,871,698 | €14,494,366 | -€377,331 | -2.5% |
| Fixed assets | 21/28 | €14,353,488 | €13,603,488 | -€750,000 | -5.2% |
| Financial fixed assets | 28 | €14,353,488 | €13,603,488 | -€750,000 | -5.2% |
| Current assets | 29/58 | €518,210 | €890,879 | +€372,669 | +71.9% |
| Amounts receivable within one year | 40/41 | €211,362 | €11,449 | -€199,913 | -94.6% |
| Trade receivables | 40 | €70,623 | €6,801 | -€63,822 | -90.4% |
| Other amounts receivable | 41 | €140,739 | €4,648 | -€136,091 | -96.7% |
| Cash at bank and in hand | 54/58 | €282,413 | €854,615 | +€572,203 | +203% |
| Deferred charges and accrued income | 490/1 | €24,435 | €24,814 | +€379 | +1.6% |
| Total equity and liabilities | 10/49 | €14,871,698 | €14,494,366 | -€377,331 | -2.5% |
| Equity | 10/15 | €1,825,861 | -€100,121 | -€1.9m | |
| Contributions | 10/11 | €2,410,278 | €208,747 | -€2.2m | -91.3% |
| Capital | 10 | €2,043,159 | €208,634 | -€1.8m | -89.8% |
| Issued capital | 100 | €2,043,159 | €208,634 | -€1.8m | -89.8% |
| Contributions outside capital | 11 | €367,119 | €113 | -€367,006 | -100.0% |
| Share premium | 1100/10 | €367,119 | €113 | -€367,006 | -100.0% |
| Profit (loss) carried forward | 14 | -€584,417 | -€308,868 | +€275,549 | +47.1% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Other liabilities and charges | 164/5 | €0 | - | = | |
| Amounts payable | 17/49 | €13,045,837 | €14,594,487 | +€1.5m | +11.9% |
| Amounts payable within one year | 42/48 | €12,984,222 | €14,538,204 | +€1.6m | +12.0% |
| Current portion of amounts payable after more than one year | 42 | €9,548,258 | €12,271,414 | +€2.7m | +28.5% |
| Trade debts | 44 | €938,263 | €1,160,159 | +€221,897 | +23.6% |
| Suppliers | 440/4 | €938,263 | €1,160,159 | +€221,897 | +23.6% |
| Taxes, remuneration and social security | 45 | €31,711 | €0 | -€31,711 | -100% |
| Taxes | 450/3 | €31,711 | €0 | -€31,711 | -100% |
| Other amounts payable | 47/48 | €2,465,990 | €1,106,631 | -€1.4m | -55.1% |
| Accrued charges and deferred income | 492/3 | €61,615 | €56,283 | -€5,332 | -8.7% |
| Non-recurring operating income | 76A | €0 | €159,254 | +€159,254 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€102,987 | €0 | +€102,987 | |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Gross operating margin | 9900 | -€458,547 | -€86,188 | +€372,359 | +81.2% |
| Operating profit (loss) | 9901 | -€356,528 | -€87,186 | +€269,341 | +75.5% |
| Financial income | 75/76B | €352,175 | €257,244 | -€94,931 | -27.0% |
| Recurring financial income | 75 | €352,175 | €257,244 | -€94,931 | -27.0% |
| Financial charges | 65/66B | €580,067 | €478,926 | -€101,142 | -17.4% |
| Recurring financial charges | 65 | €580,067 | €478,926 | -€101,142 | -17.4% |
| Profit (loss) for the period before taxes | 9903 | -€584,419 | -€308,868 | +€275,552 | +47.1% |
| Profit (loss) for the period | 9904 | -€584,419 | -€308,868 | +€275,552 | +47.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€584,419 | -€308,868 | +€275,552 | +47.1% |
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 25 October 2026 via checked.be.