Re-Treat: 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-Treat
Largest movements
- Tangible fixed assets +€18,643
up €18,643 (+115%), from €16,219 to €34,862
of which Plant, machinery and equipment: +€17,346
- Receivables within one year +€11,991
up €11,991 (+3,090%), from €388 to €12,379
of which Trade receivables: +€11,996
- Cash +€7,184
up €7,184 (+44.4%), from €16,169 to €23,353
mainly Net result for the year (+€17,911) and Trade debts (+€9,540)
- Profit (loss) carried forward +€17,911
up €17,911 (+93.3%), from -€19,194 to -€1,283
- Trade debts +€9,540
up €9,540 (+458%), from €2,084 to €11,624
- Debts after one year +€7,195
up €7,195 (+20.9%), from €34,490 to €41,685
of which Financial debts: +€13,045
- Other debts -€6,000
down €6,000 (-100%), from €6,000 to €0
- Current portion of long-term debt +€4,453
up €4,453 (+110%), from €4,033 to €8,485
- Gross operating margin +€23,315
up €23,315 (+180%), from €12,980 to €36,296
- Taxes +€2,929
up €2,929 (+2,127%), from €138 to €3,067
- Depreciation +€1,562
up €1,562 (+34.0%), from €4,593 to €6,154
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 | €44,802 | €82,281 | +€37,478 | +83.7% |
| Fixed assets | 21/28 | €24,619 | €43,262 | +€18,643 | +75.7% |
| Tangible fixed assets | 22/27 | €16,219 | €34,862 | +€18,643 | +115% |
| Plant, machinery and equipment | 23 | €16,219 | €33,565 | +€17,346 | +107% |
| Furniture and vehicles | 24 | - | €1,298 | +€1,298 | |
| Financial fixed assets | 28 | €8,400 | €8,400 | = | 0.0% |
| Current assets | 29/58 | €20,183 | €39,018 | +€18,835 | +93.3% |
| Amounts receivable within one year | 40/41 | €388 | €12,379 | +€11,991 | +3,090% |
| Trade receivables | 40 | €0 | €11,996 | +€11,996 | |
| Other amounts receivable | 41 | €388 | €383 | -€5 | -1.3% |
| Cash at bank and in hand | 54/58 | €16,169 | €23,353 | +€7,184 | +44.4% |
| Deferred charges and accrued income | 490/1 | €3,626 | €3,286 | -€340 | -9.4% |
| Total equity and liabilities | 10/49 | €44,802 | €82,281 | +€37,478 | +83.7% |
| Equity | 10/15 | -€13,194 | €4,717 | +€17,911 | |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,194 | -€1,283 | +€17,911 | +93.3% |
| Amounts payable | 17/49 | €57,996 | €77,564 | +€19,567 | +33.7% |
| Amounts payable after more than one year | 17 | €34,490 | €41,685 | +€7,195 | +20.9% |
| Financial debts | 170/4 | €7,440 | €20,485 | +€13,045 | +175% |
| Other amounts payable | 178/9 | €27,050 | €21,200 | -€5,850 | -21.6% |
| Amounts payable within one year | 42/48 | €23,506 | €35,879 | +€12,372 | +52.6% |
| Current portion of amounts payable after more than one year | 42 | €4,033 | €8,485 | +€4,453 | +110% |
| Trade debts | 44 | €2,084 | €11,624 | +€9,540 | +458% |
| Suppliers | 440/4 | €2,084 | €11,624 | +€9,540 | +458% |
| Taxes, remuneration and social security | 45 | €11,390 | €15,769 | +€4,379 | +38.4% |
| Taxes | 450/3 | €4,490 | €11,369 | +€6,879 | +153% |
| Remuneration and social security | 454/9 | €6,900 | €4,400 | -€2,500 | -36.2% |
| Other amounts payable | 47/48 | €6,000 | €0 | -€6,000 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,593 | €6,154 | +€1,562 | +34.0% |
| Other operating charges | 640/8 | €7,629 | €7,580 | -€49 | -0.6% |
| Gross operating margin | 9900 | €12,980 | €36,296 | +€23,315 | +180% |
| Operating profit (loss) | 9901 | €758 | €22,561 | +€21,803 | +2,875% |
| Financial income | 75/76B | €18 | €24 | +€6 | +35.8% |
| Recurring financial income | 75 | €18 | €24 | +€6 | +35.8% |
| Financial charges | 65/66B | €1,254 | €1,607 | +€353 | +28.2% |
| Recurring financial charges | 65 | €1,254 | €1,607 | +€353 | +28.2% |
| Profit (loss) for the period before taxes | 9903 | -€478 | €20,978 | +€21,456 | |
| Income taxes | 67/77 | €138 | €3,067 | +€2,929 | +2,127% |
| Profit (loss) for the period | 9904 | -€616 | €17,911 | +€18,527 | |
| Profit (loss) for the period to be appropriated | 9905 | -€616 | €17,911 | +€18,527 |
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 23 October 2026 via checked.be.