RE-tail Return Partners II: 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 II
Largest movements
- Financial fixed assets -€3.6m
down €3.6m (-8.5%), from €42.5m to €38.9m
- Cash -€479,909
down €479,909 (-50.1%), from €958,490 to €478,582
mainly Debts after one year (-€4.0m) and Net result for the year (-€1.0m)
- Debts after one year -€4.0m
down €4.0m (-14.3%), from €28.3m to €24.3m
- Profit (loss) carried forward -€1.0m
down €1.0m (-13.2%), from -€8.0m to -€9.0m
- Other debts +€903,465
up €903,465 (+93.7%), from €963,978 to €1.9m
- Financial income -€312,227
down €312,227 (-25.3%), from €1.2m to €921,104
- Financial charges -€275,163
down €275,163 (-12.9%), from €2.1m to €1.9m
- Gross operating margin +€224,641
up €224,641 (+66.2%), from -€339,315 to -€114,675
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 | €43,550,857 | €39,354,495 | -€4.2m | -9.6% |
| Fixed assets | 21/28 | €42,481,405 | €38,853,405 | -€3.6m | -8.5% |
| Financial fixed assets | 28 | €42,481,405 | €38,853,405 | -€3.6m | -8.5% |
| Current assets | 29/58 | €1,069,452 | €501,090 | -€568,362 | -53.1% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €108,899 | €20,551 | -€88,348 | -81.1% |
| Trade receivables | 40 | €5,086 | €2,099 | -€2,987 | -58.7% |
| Other amounts receivable | 41 | €103,813 | €18,453 | -€85,361 | -82.2% |
| Cash at bank and in hand | 54/58 | €958,490 | €478,582 | -€479,909 | -50.1% |
| Deferred charges and accrued income | 490/1 | €2,063 | €1,957 | -€105 | -5.1% |
| Total equity and liabilities | 10/49 | €43,550,857 | €39,354,495 | -€4.2m | -9.6% |
| Equity | 10/15 | €11,899,881 | €10,852,057 | -€1.0m | -8.8% |
| Contributions | 10/11 | €19,858,648 | €19,858,648 | = | 0.0% |
| Capital | 10 | €17,195,645 | €17,195,645 | = | 0.0% |
| Issued capital | 100 | €17,195,645 | €17,195,645 | = | 0.0% |
| Contributions outside capital | 11 | €2,663,003 | €2,663,003 | = | 0.0% |
| Share premium | 1100/10 | €2,663,003 | €2,663,003 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,958,768 | -€9,006,592 | -€1.0m | -13.2% |
| Amounts payable | 17/49 | €31,650,976 | €28,502,439 | -€3.1m | -9.9% |
| Amounts payable after more than one year | 17 | €28,303,506 | €24,262,738 | -€4.0m | -14.3% |
| Financial debts | 170/4 | €28,303,506 | €24,262,738 | -€4.0m | -14.3% |
| Amounts payable within one year | 42/48 | €3,347,470 | €4,239,260 | +€891,790 | +26.6% |
| Trade debts | 44 | €2,294,463 | €2,146,566 | -€147,896 | -6.4% |
| Suppliers | 440/4 | €2,294,463 | €2,146,566 | -€147,896 | -6.4% |
| Taxes, remuneration and social security | 45 | €89,030 | €225,251 | +€136,221 | +153% |
| Taxes | 450/3 | €89,030 | €225,251 | +€136,221 | +153% |
| Other amounts payable | 47/48 | €963,978 | €1,867,443 | +€903,465 | +93.7% |
| Accrued charges and deferred income | 492/3 | - | €441 | +€441 | |
| Non-recurring operating income | 76A | - | €214,007 | +€214,007 | |
| Other operating charges | 640/8 | €1,018 | €998 | -€19 | -1.9% |
| Gross operating margin | 9900 | -€339,315 | -€114,675 | +€224,641 | +66.2% |
| Operating profit (loss) | 9901 | -€340,333 | -€115,673 | +€224,660 | +66.0% |
| Financial income | 75/76B | €1,233,331 | €921,104 | -€312,227 | -25.3% |
| Recurring financial income | 75 | €1,233,331 | €921,104 | -€312,227 | -25.3% |
| Financial charges | 65/66B | €2,128,417 | €1,853,254 | -€275,163 | -12.9% |
| Recurring financial charges | 65 | €2,128,417 | €1,853,254 | -€275,163 | -12.9% |
| Profit (loss) for the period before taxes | 9903 | -€1,235,419 | -€1,047,824 | +€187,595 | +15.2% |
| Profit (loss) for the period | 9904 | -€1,235,419 | -€1,047,824 | +€187,595 | +15.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,235,419 | -€1,047,824 | +€187,595 | +15.2% |
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 27 October 2026 via checked.be.